To Rent or to Buy?
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Is it really “throwing your money away” to rent a house instead of buying a house?
Where's the Payoff?
I just had two nice, young college age boys stop by my house. They were in the area representing a window installation company. Their company is trying to drum up business by setting up appointments for their ”consultants” to tell me how their energy efficient windows will save me money on my energy bills.
That’s a …
Seeing Greed in San Jose
Last night I said that homebuyers were more likely to be greedy than lenders. I haven’t changed my mind yet. Instead, I read a story that convinced me even more.
The New York Times describes a couple who bought ”a modest home at the southern end of Silicon Valley”. Now they’re suing their broker and real …
Who Was Greedy?
I find the current narrative, about the housing market meltdown, to be extremely disingenuous. Take Barack Obama, for example.
He described this summer’s subprime lending crisis as a case study of greed among mortgage lenders and the agencies that provide information about them. …
Well, that’s certainly one way to describe what’s happening in the …
Madison Housing Market Going Up
After home sales started falling last year, I saw a lot of doom and gloom commentary from ”experts” afraid that we would enter a 10-year housing slump. Thanksfully, home sales in Madison (and Dane County) are on the rise again. Home prices still haven’t completely rebounded, but I’m glad to see that they’re starting to …
Getting Comfortable With Debt
It’s something Christine and I aren’t doing. However, it looks like Alan Greenspan’s legacy just might be helping millions of Americans to get comfortable with debt. The entire linked article is worth reading, but I’ll provide a few excerpts:
Today, borrowing against equity in real estate occurs at rates never seen before. Mortgage equity …