Real Estate

The Sky Is Not Falling When Bad Bills Do Not Pass

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Today’s actions by the House of Representatives spooked the market, no doubt about it. But the actions they proposed would have put the US Taxpayers behind the 8 Ball and allowed the stupidity of the Wall Street banks to […]

29Sep2008 | Tom Royce | 4 comments | Continued

European Governments Attempt Rescue Of Fortis, Hypo Real Estate and B&B

Our politicians have made this economic crisis seem like a national problem, but reports coming in from overseas are showing that it is an international problem. The financial markets tried to create a new tool to manage investments in debt that was bad.
And that tool failed, it happens and now we are paying for […]

29Sep2008 | Tom Royce | 0 comments | Continued

Will Fire Sprinklers Be Mandatory in New Homes in 2011?

At a recent meeting of the International Code Council a motion was approved to make fire sprinklers mandatory for homes in 2011, a scant 2 years away. The mandate will add the added expense to new home construction for 1 and 2 family homes to gain an additional layer of safety in the event of […]

28Sep2008 | Tom Royce | 4 comments | Continued

Great Video on How Subprime Crisis Happened

Watch, pause when it is too fast, and then watch again.
A montage on the economic crisis that is worth the price of admission.

http://www.youtube.com/watch?v=H5tZc8oH–o

26Sep2008 | Tom Royce | 5 comments | Continued

Another Voice For Mark to Market Reform

I have been engrossed watching the political machinations going on as one of the largest spending projects get’s the bum rush through Washington in the form of a financial bailout for Wall Street.
Fortunes will be made on the back of the honest taxpayers in the country.
But there are some smart people recommending the […]

26Sep2008 | Tom Royce | 0 comments | Continued

WaMu Seized By FDIC - JP Morgan Takes Over

Washington Mutual has ended it’s run with the seizure by the Federal Deposit Insurance Corporation. JPMorgan Chase is buying the assets for 1.9 billion dollars.
WaMu has been in it’s death throws for the past month with people speculating when it would bite the dust. Well, today was the day.
What is starting to show […]

25Sep2008 | Tom Royce | 1 comment | Continued

Ed McMahon Raps in Free Credit Report Video’s About Foreclosure

Ed McMahon, known as Johny Carson’s sidekick and most recently for the foreclosure on his home, is now rapping on a couple of You-Tube videos for FreeCreditReport.com.
The company is known for it’s catchy lyrics about people making bad credit decisions. Now they have enlisted McMahon to do the video’s about his real life foreclosure. […]

25Sep2008 | Tom Royce | 1 comment | Continued

Selling Your Home With a Raffle

Are you looking to sell your home in a tough market and willing to take a risk? The newest idea is to raffle the home off instead of selling it the traditional way.
It does have some benefits. Say you are trying to move a $400,000 home. Selling 4,000 $100 tickets will cover the price. […]

25Sep2008 | Tom Royce | 1 comment | Continued

Network Issues

Update 2: Rumors are reaching me that the site is accessable from ATT again. Hooray. I can leave the library.
Update: The issue is not resolving so those in the Southeast may think that we are gone for good. This is crazy. 3 hours on the phone last night and nobody, and I mean nobody, has a clue who to call. So if anyone […]

24Sep2008 | Tom Royce | 0 comments | Continued

Brookfield Buying GMAC Real Estate

Brookfield Residential Property Services, a Canadian real estate concern, is buying GMAC Home Services from Cerberus Capital Management (51% ownership) and General Motors (49%).
Do you think, or hope, that the company will re-brand the offices to a name that is not as antiseptic as GMAC? Part of the allure of real estate is the […]

24Sep2008 | Tom Royce | 1 comment | Continued