Meanwhile Good Copy And Great Headlines Shine
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We berated a headline and fear mongering at BusinessWeek earlier, but here is a great article written by Edward Glaesar saying essentially the same thing but with modest restraint and a sense of history.
Home prices have started to fall in cities throughout America and these declines may augur more serious price drops. While this isn’t exactly good news, it isn’t entirely bad news either. The real danger is not that the nation’s homes will become more affordable, but that the government will do something foolish in a quest to artificially maintain high housing prices.
As long as there has been housing, there have been housing cycles. In the 1920s, A. E. Lefcourt was the greatest developer in New York, and hence the world. He built dozens of skyscrapers and moved the garment industry out of fire trap lofts into modern buildings. He gave his teenage son a $10 million building to encourage his interest in real estate. In 1929, after the crash, Lefcourt was certain that the boom would continue and declared that “1930 will be a great building year.” He was wrong, and as prices plummeted, his fortune sank from $100 million to $2,500. Read the rest at The New York Sun.
It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
The part about the inventory is right on but in my area they are mostly low end and beat up ...
I worked for this man, he is a great con man and has done this in more than States then ...
You're right. If you come from Central Jersey (as the Boss and I do), you go to Florida at some ...
Maybe it was kryptonite...
ECONOMIC REPORT
'Prolonged' recession, higher joblessness seen likely
NABE survey indicates most economists now believe U.S. recession's started
By Mike ...
I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
BY USING FIRST CLAIM INSURANCE ADJUSTERS YOU WILL HAVE THE ABILITY TO LOOK AT YOUR INSURANCE SETTLEMENT AND REALIZE FIRST ...
Comment by Phoenix az real estate on 10 December 2007:
Great article, thanks for passing it along!