Archive for October, 2007
The Housing Market – S&P Analyst Says Economy Not At Risk Of Recession
We all want to know what the effect of the housing slowdown will be on both the housing market and the economy as a whole. Of course, real estate is all local, but when it comes to the stock market it is seen as a national phenomenon. And listening to the commentators alternate between everything [...]
24Oct2007 | Tom Royce | 0 comments | Continued
Collateral Damage To The Housing Slowdown
Today in separate reports two construction supply companies are reporting much lower earnings as new construction is finally slowing. Both Norbord, who make oriented strand boards (OSB) and USG, maker of wallboard, are showing significant earning decreases.
While this is tough for the companies and their employees it can not be much of a surprise. They loaded up during [...]
IRS Cracking Down On Charities Involved In Real Estate Deals
It looks like the IRS has set it’s sights on the Real Estate world. Last week we talked about how the IRS is cracking down on 1031 exchanges. Now they are going after charitable donations that create huge tax windfalls for the taxpayer but have very little exposure for them.
The transactions are potentially abusive [...]
23Oct2007 | Tom Royce | 1 comment | Continued
Fed Chief Evans Says Federal Reserve Should Protect Economy Against Housing Woes
For those watching the Federal Reserve and how they will address the housing slowdown, Charles Evans, Federal Reserve Bank of Chicago President, has some insights. He says that the Federal Reserve should shield against high risk (insert housing slowdown) events and make sure their policies do not make the situation worse.
`To me, the uncertainties [...]
23Oct2007 | Tom Royce | 0 comments | Continued
UN Tells Canadians Your Housing Policies Will Look Like US – And This Was Not a Compliment
God help us from bureaucrats who are sanctimonious and full of beeswax. A report coming out of Canada that a UN official traveling the country is condemning the Canadians for their rise in homelessness and cost of housing.
Miloon Kothari, the UN’s special rapporteur on adequate housing, warned yesterday that Canadians are becoming complacent to [...]
23Oct2007 | Tom Royce | 0 comments | Continued
Arasapha Farms and The Bates Motel in Gradyville, PA -Number 4 of Top 10 Haunted Houses in America
From the Bates Motel to the Haunted Corn Maze to the Haunted Hay Ride, the fears go all night at the Arasapha Farms outside of Philadelphia. As HauntFreaks.com writes, “A remarkable hayride, an exceptionally well-done corn maze, a large band stage with a big movie screen that played clips all night, made it an overall [...]
22Oct2007 | Tom Royce | 5 comments | Continued
Top 10 Highest Residential Building Rates in USA in 2006
When trying to understand why the residential housing market is facing a hard time in certain markets, looking at the numbers may give us a big clue. Cities like Las Vegas, Austin, Orlando, Atlanta, and Phoenix all have few natural boundaries so expansion is possible. Cities like Los Angeles and New York have very few [...]
22Oct2007 | Tom Royce | 0 comments | Continued
Commercial over Housing in California, Green Space over Housing on Long Island
San Jose is worried that the rush to build new homes is taking away from job production. Undeveloped land is quickly being converted to housing inventory and the locals are getting restless. By building up housing at the expense of commercial land, job prospects are being hurt in the region.
But whether the revisions – [...]
22Oct2007 | Tom Royce | 0 comments | Continued
Shocktoberfest in Reading, Pennsylvania – Number 6 of Top 10 Haunted Houses in America
In our post last year we featured the Top 10 Haunted Houses in America just before Halloween. This year we will count down and feature each one of these haunted homes every day in anticipation of Halloween.
Coming in at number 6 is Shocktoberfest out of Reading, Pennsylvania. Billing itself as a haunted theme park, Shocktoberfest [...]
95 Million Dollar Connecticut Estate For Sale By Liberty Travel Founder
If you are looking for a private estate in Stamford, Connecticut just outside of New York City, we have found it for you. The 263 acre estate owned by Liberty Travel founder Gilbert Haroche has come up for sale for the modest price tag of 95 million dollars.
The home is on one of 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 ...
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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 ...
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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. ...
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