Archive for August, 2007
What Celebrity Would You Want as a Neighbor?
ERA Real Estate polled a thousand 50 and over homeowners in their annual home ownership survey and one of the questions they asked was which celebrity they would like as a neighbor.
The winner was golfer Tiger Woods coming in at 24 percent of the respondents. I know my Dad, who is an avid golfer, [...]
Tough Credit Market Forces Changes to the Home Depot Supply Deal
The lack of credit available presently almost scuttled the Home Depot Supply Deal to Bain Capital, Carlyle Group and Clayton, Dubilier & Rice. The fear of losing the deal led to a prolonged negotiating session with the Home Depot Board of Directors finally accepting 18 percent less than was initially negotiated in June.
The real [...]
Love The Mont Blanc Feel Without The Mont Blanc Price?
As a real estate professional, note taking and contract signing is a way of life. The Mont Blanc pens are renowned for their style and feel as ink meets paper. Well, if you are like me, the 200 dollar price tag of a Mont Blanc is beyond what I will pay for a pen.
However [...]
Conley Wolfswinkel – People aren’t too willing to give you a loan when you owe $2 billion.
The story of Conley Wolfswinkel is an interesting one. The developer who was a focal point of the 1980’s Savings and Loan Scandal that cost the taxpayers hundreds of billions and left him a convicted felon and owing 2 billion dollars in restitution has now made a comeback. Wolfswinkel is fairly unknown outside of Arizona, [...]
26Aug2007 | Tom Royce | 0 comments | Continued
Malibu’s Polaroid Beach Party Homes Make Neighbors Irate
Imagine buying a multi-million dollar home on the beach in Malibu. Then you find out next door is a home being rented to Polaroid who is using it to host over 20 celebrity parties that last through the night. Paparazzi, valets, and illegally parked cars are everywhere and the noise is constant. Whats worse, every [...]
26Aug2007 | Tom Royce | 2 comments | Continued
Real Estate Funds Gain Sea Legs and Have a Great Week
After a roller coaster few weeks, the combination of the Federal Reserves activity (lowering the bank rate and infusing capital into the lending market) and the banks continuing to lend, real estate funds had an outstanding week.
CBRE Realty Finance up 34.06%,
Crystal River Capital up 16.94%,
Gramercy Capital Corp/New York up 15.52%
American Financial [...]
The Economist’s Top 10 Cities For Livability World Wide
The Economist does a yearly survey of the most livable cities in the world. They take into account “low crime, little threat from instability or terrorism and a highly developed transport and communications infrastructure” as the key criteria. Larger cities that have the risk of terrorism and high traffic density tend to fair worse off [...]
25Aug2007 | Tom Royce | 3 comments | Continued
A Little More Good News – Home Sales In July Up Over Previous Month
While the numbers are not large, there was an uptick in home sales for the month of July over June’s numbers by 2.8 percent. If you factor in the sales that probably got blown out by a failure to finance the numbers would have been better. (I know, woulda, coulda, shoulda) Overall, sales were down [...]
24Aug2007 | Tom Royce | 0 comments | Continued
Top Performing Stock in S&P 500 For July – A Mortgage Company
We have been just as guilty as the other guys in reporting the gloom and doom, but there are some shining lights in the real estate world right now. The top performing stock for July, 2007 on the S&P 500 was a mortgage company. Hudson City Bancorp was up 21 percent for the month while [...]
24Aug2007 | Tom Royce | 2 comments | Continued
Yesterday, Bankruptcy seemed so far away…
This was sent to me by a reader named Ralph, another funny adaptation on the present real estate situation. Goes right along with The Day The Subprime Died.
Yesterday
by Jesse F. yesterdaycamesuddenly@hotmail.com
Yesterday, Bankruptcy seemed so far away, Now it looks as though it’s here to stay, Oh, I believe in yesterday.
Suddenly, I’m half the [...]
The pit we've gotten ourselves into just seems to be getting deeper and deeper. Is the government going to end ...
Although I agree on most points, I would like to point out that most of the banks that are being ...
http://killeen.craigslist.org/apa/1474341211.html
There is one of the scams 
The question is when are they going to release them on the market. Las Vegas leads the nation in ...
I keep seeing mentions of Florida's market getting better in multiple blogs. I'm increasingly under the assumption that at least ...
I would like to know more about it. I need to know how you file for it. Please let me ...
Great blog, keep the great content coming! 
If you want to succeed, do not say "we can prevent this in the future." Live in reality. ...
The price of the property depends on its quality and the deal between the management. Good and wise choices are ...
