Category Archives: Baby Boomers

The Extend & Pretend Conference: IMN Distressed Real Estate

February 27, 2010 – 3:16 pm

No it isn’t some conference of sex coaching, it was a group of bankers (including Fannie Mae) and real estate investors who gathered this week in Miami for the IMN Distressed Real Estate Conference, and frankly, it was a little depressing.
The debate seemed to revolve around lender’s decisions to ‘extend loans and pretend that the […]

By bwaun | Also posted in Vacant Land, Fractional Ownership, Developments, Personal Experience, Condo Hotels, Second Homes, Reverse Mortgage, Mortgage, Uncategorized | Comments (0)

Nesting. Did anyone say “better nesting?”

December 6, 2009 – 7:22 pm

this article from CNNFn.com today, titled: “Is Nesting the new Flipping?”
“By Les Christie, CNNMoney.com staff writer
Last Updated: December 4, 2009: 7:55 AM ET

cnnad_createAd(”69798″,”http://ads.cnn.com/html.ng/site=cnn_money&cnn_money_position=220×200_ctr&cnn_money_rollup=real_estate&cnn_money_section=quigo&params.styles=fs”,”200″,”220″); NEW YORK (CNNMoney.com) — If flippers were the poster children of the real estate boom, then nesters are becoming the icons of the new housing market.
“We saw a nesting […]

By bwaun | Comments (0)

New Mortgage Modification Rules offer only HOPE…

November 30, 2009 – 6:58 pm

Impotence… Bulls, Banks, Beggars seek Loan Modifications.
HOPE, an inactive verb. HOPE is some you need in an absence of ACTION and RESULTS.
Tonight there are thousands of call center employees fielding phone calls from home owners. The home owners are begging for loan modifications, fully expecting that the new Obama Modification Regulations will save them money, […]

By bwaun | Also posted in Developments, Personal Experience, Fractional Ownership, Condo Hotels, International Finance, Mortgage | Comments (0)

Last Year in Dubai

November 28, 2009 – 6:29 pm

Last year this week, I spent the day driving around the construction site called Dubai.
Riding around town with my friend there, our tour was interrupted by a cell phone call. My host had learned that Nakeel (one of the Emirate’s 2 development companies) was offering 90% of consumer buyer’s earnest money deposits in refund if […]

By bwaun | Also posted in Fractional Ownership, Developments, Personal Experience, International Finance, Mortgage, Condo Hotels, Second Homes | Comments (0)

Taking Control, again…

November 25, 2009 – 7:21 am

Waiting for The Banks to Lend?
“Somebody else will fix it“

Have you spent the last 19 months waiting for someone else to start lending again? All that Government stimulus will trickle down into your business. The great wave of capital will tumble into the market, buoying all ships. Risk takers will generate jobs again, soon. […]

By bwaun | Also posted in Fractional Ownership, Developments, Personal Experience, International Finance, Reverse Mortgage, Mortgage, Condo Hotels, Second Homes | Comments (0)