12
Aug
2008
NJ Foreclosure Data
Posted by Tom as Real Estate
I’m still alive but been extremely busy with work and some old REI acquaintances. The rumor is that my REI friends have overseas investors interested in acquiring NJ property and they want me to be a part of this. So I’ve been busy poring over the latest foreclosure data and I’m utterly [...]
07
Apr
2008
Economy and Enginnering Indicator
Posted by Tom as Economy, Real Estate
I’ve talked to half of the people that I polled previously for my Engineering and Economy Poll and I’m seeing some positive changes. I’ve been crushed recently with new work and we’re even talking of hiring people. My California buddy says work has been steady to UP (a change from Neutral) and my [...]
02
Mar
2008
Modern Day Ghost Towns?
Posted by Tom as News, Real Estate
I roamed around a lot when I lived in New Mexico and I came across several ghost towns. I loved finding them out in the middle of nowhere and poking around in them. If I had more time I would probably researched the reason why they were abandoned but we didn’t stay too [...]
28
Feb
2008
One Business Week Is All It Took
Posted by Tom as Economy, Random, Real Estate
I saw this article posted on the Chairman’s Deli.cio.us link roll. It seems it took only 6 to 7 days for the asset backed commercial mortgage paper market to start collapsing.
In normal markets, JPMorgan sells $25 billion of short-term IOUs for clients daily. “Within the span of six or seven business days, every single [...]
05
Feb
2008
Cutting Up Credit Cards
Posted by Tom as Economy, Real Estate
My wife and I leveraged a lot credit cards to help with our rehab project at the investment property. We utilized all those 0% interest for a year cards and transferred the balances when the rates readjusted (probably not the best thing to do for our credit scores). The neat thing is that [...]
28
Jan
2008
In Foreclosure? Walk Away & Save Money
Posted by Tom as Real Estate
Ugly posted this interesting LA Times article his Del.icio.us link role a few days ago. It seems that people with upside down mortgages (where your mortgage is greater than the value of your house) are voluntarily letting their properties be foreclosed on.
A homeowner who can’t sell his house tells the L.A.Times, “Foreclose me. … [...]
30
Dec
2007
Year End Thoughts on Forex, the Economy, Real Estate, and Gold
Posted by Tom as Economy, Forex, Futures, Random, Real Estate
The year is beginning to wind down and I’m looking forward to closing out my Forex trading with at least one position in AUDUSD and possibly a second in EURJPY if my buy order gets triggered when London opens. All this intervention by the banks can’t stop the overall trend for currencies until they [...]
