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, […]
Category Archives: International Finance
New Mortgage Modification Rules offer only HOPE…
November 30, 2009 – 6:58 pm
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 […]
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. […]
Solving the Housing Crisis part 2
October 16, 2009 – 5:19 am
Want the price of something to rise? The formula is simple: increase demand or decrease supply. In part 1, I suggested a way to immediately increase demand for vacant homes - immigration. Legalizing some of the 3 million people living in the US today - if they bought 1 of the 1 million vacant homes […]
Where will the money come from?
October 12, 2009 – 6:56 pm
I’ve been pondering a question. Where will the money come from to boost the sagging housing market? How will the real estate market re-inflate?
1. Inflation. As the ‘real value of the US Dollar’ declines, because of monetary stimulus, skyrocketing deficits etc. Inflation will occur as soon as the economic outlook improves significantly. Inflation raises the […]
