This Old House Redux – Shipping Troubles and Paint Overwhelm

I landed Sunday night in Albuquerque, and got to work immediately Monday morning. The “big” job is the kitchen cabinets, and that will drive everything else. I received an email last Monday (the 8th) saying they were done and ready for shipping. That was fast! I called the office and told them I didn’t want...

Zombie Foreclosures Jump

I wrote about a year and a half ago about the problem with “vampire properties.” Vampire properties are homes where the lender has foreclosed, but never bothered to take possession of the property because it costs more to evict and rehab the property than they could generate by selling it. The former owners simply continue...

This Old House Redux – Value vs. Price

One of the most popular series of articles I did when I sent out a paper newsletter (seems quaint now, doesn’t it?) was This Old House. I chronicled the journey I took restoring my 1926 Craftsman-style bungalow to period (as much as possible; I never was able to find a genuine 1926 microwave.) Well, I...

Interest Rates Jump

Mortgage rates jumped yesterday, moving out of the range they’ve established for most of 2015. (See chart to the right.) They are now at the highest point since late 2014, in fact. They appear to be reversing course today, but the day (and the trend) are new. I’ve said many times – including this week...

Opinion: How J.P. Morgan and Barclays mistakes inflated the housing bubble

If you’ve read my blog very long you know I have strong opinions about how the housing bubble came about.  Of course there are many different opinions about this.  Marketwatch published an interesting opinion piece this morning that highlights a recent study done by a finance professor from Texas.  The findings confirm what I’ve been...

How Will the Feds Raise Rates?

The first thing that might jump out at you about this headline is I did not ask “When will the Feds raise rates,” but “How.” Interest rates are going to rise sharply, and fairly soon. But it’s not why – or when – the radio ads would have you believe. You’ve probably been hearing lots...

Tax Tips for Landlords

Here’s some good information from an article in Marketwatch this morning.  As a landlord myself (and a real estate broker) I know that I need to remind myself of these things once in a while: By Bill Bischoff Published: June 2, 2015 6:00 a.m. ET Share Deducting rental real estate losses The tax rules for...