Owner: Financial Ambition URL:http://www.financialambition.com Join Date: Thu, 02 Aug 2007 16:04:03 -0500 Rating:0 Site Description: The purpose of this blog is to provide essential real estate and financial guidance to Bay Area homeowner’s whose ambitions are to live in the home that is right for their family while at the same time fully funding their retirement, their children’s coll Site statistics:Click here
A lighter post than we normally do 2008-06-16 14:51:19 A friend introduced me today to www.pandora.com.
If you like music, this is a great site for finding new music that is in the same genre as what you already like. The site is part of the Music Genome Project. I don’t know what that is but it sounds cool.
We write mostly here about very serious [...] Read more:lighter
Quote from Arthur Laffer 2008-06-19 15:44:03 Notable & Quotable
June 19, 2008; Page A15, Wall Street Journal
Arthur
Laffer speaking last month to graduates of Mercer University:
Pursuing your dream of prospering will benefit everyone . . . When I graduated from Yale University, we had a serious commencement speaker not like the one you are stuck with today. The commencement speaker was President [...] Read more:Quote
They are still not saying what it means 2008-06-19 14:28:06 The press is not saying
what it means for people to not have enough money and I think we can count on them never saying this. The very people who are writing the articles for the major newspapers don’t understand what it means so they are incapable of saying. Also, that won’t sell newspapers so [...]
Wachovia Tightens Guidelines 2008-06-30 22:44:30 It is interesting to see that Wachovia just tightened its guidelines on its, “pick a payment” loans. This is especially interesting to me, because at the beginning of the year we had a presentation at our office from a World Savings executive that touted the flexibility of this loan. My opinion is well reverberated in [...] Read more:Guidelines
New and Existing Home Sales. Up and Down. A Divergence. 2008-06-27 10:38:06 Thanks to Todd Derick for this flicker photo.
I just read an article on the Blown Mortgage blog. It had a graph showing new and existing home sales. Of course in this market both are down. In fact, the Blown Mortgage blog is claiming that the volume of existing home sales is down 15% from last [...] Read more:Sales
, Existing Home
The Skyscraper That Is Always In Motion? 2008-06-26 16:57:45 I have written several postings in the past about all of the unimaginable things going on with real estate development around the world. Many of my posts have focused on Dubai where whole islands are being literally raised out of the sea.
Recently, I ran into a new concept that is in the process of being [...] Read more:Motion
For A Good Retirement, Find Work. Good Luck. 2008-06-23 10:20:00 For those of you whose plan is to work until you are 70, here’s a warning about that strategy.
June 22, 2008
Ideas & Trends
New York Times
For a Good Retirement, Find Work. Good Luck
.
By STEVE LOHR
Bill Neugent, an engineer in McLean, Va., is doing his bit to ease the looming generational financial squeeze as the nation’s 75 [...]
Indy Mac’s Wholesale is Gone. 2008-07-07 18:41:36 For those that thought the mortgage markets and the liquidity crisis was over, think again. Indy Mac Bank Corporation just posted a blog entry saying they will cease all wholesale mortgage operations and slash more than half of its approximately 7,200 employees. Below is an excerpt from their corporate blog.
As a result of the above, [...] Read more:Wholesale
Sowell on Government Responsibility and the Danger of Intervention 2008-07-23 10:55:25 Thomas Sowell provides an interesting and often counter-intuitive look at the economic issues facing the country.
Our Government
Problem-Solvers
At election time, pols can’t help but “do something” — even if it makes matters worse.
By Thomas Sowell
We don’t look to arsonists to help put out fires but we do look to politicians to help solve financial crises [...] Read more:Responsibility
, Danger
Prices may fall, but will rates eat in to buyer’s deals? 2008-08-09 16:02:14 Thanks JPhilipson for this flicker photo.
I have many times said on this blog that this is the best residential real estate buying environment I have seen in my career. I have also said, that rising rates would be devastating to buyers in this market. I just read a convincing article on the Behind the Mortgage [...] Read more:Prices
Interesting iPhone Application 2008-08-29 14:51:51 Trulia just released a new application, that will allow the user to get open homes and open house information on their iPhone
. Check out the video demo. It looks interesting.
Being that I just purchased a BlackBerry phone, I have found e-mail and data on the fly is a very powerful tool. I wonder how many home [...] Read more:Application
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