I read this article in the NY Times yesterday, and I have to say I come down pretty strongly on the need to keep housing down payments high. The arguments made by Professor Roberto G. Quercia clearly demonstrate that data supports the…
Sunk Costs Are Irrelevant
Irreverent Personal Finance
Blog Archives
Why is the Thirty-Year Fixed-Rate Mortgage Still so Expensive?
I know. I know. Everyone says that the thirty year, fixed rate mortgage is sitting at historic lows, and I agree that is true. Heck I re-financed last year just like many of you. I just think that based on…
$550 Million Dollars and a Beach House
What an exciting day! Today is the day I win the $550 million dollar Powerball lottery. I know I know it's a completely imprudent purchase and HIGHLY unlikely event, but really the dreams you get to dream are well worth…
No Cost Mortgage Refinance Diary
I last refinanced my mortgage in July 2010. Back then I was trying to reduce my rate from 5% AND get out of escrow. I was extremely successful and garnered a nice 4.375% 30 year fixed mortgage. I thought I…
PropertyPeers Review
PropertyPeers is a new website promising to create a platform to allow individuals to presumably invest in real estate opportunities in small amts. The link above goes to the invitation page as the site is not yet launched. I'm excited…
Posted in Real Estate
Investment Property Search: On Hold
I still really, really feel good about buying investment property right now. My searches continue to show more and more properties falling into my price range AND there are lots of price reductions. With these market conditions and the awareness…
Investment Property: To Partner or Go It Alone
photo © 2007 Scott Maxwell | more info (via: Wylio)One of the options you have as a property investor is to buy the property by yourself and take all the risk and reward or partner with one or more individuals.…
