Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Q. I have a question about a second home: I purchased a second home (condo) in 2001 with an…
CR NOTE: There have been a couple of “stimulus” proposals making the rounds over the last couple days from major analysts. Housing economist Tom Lawler takes a look at one proposal from Morgan Stanley … the following lengthy discussion is from Lawler : “Slam-Dunk” Stimulus? MS = Missing Something!!!!…
Along my financial journey in life , I made a great number of mistakes. In this ten part series which runs from July 19 to July 30, I’m going to focus on ten of my worst mistakes and the difficulties and successes I’ve had in overcoming those mistakes. I…
Home builder Ryland announced Q2 earnings today. From Briefing.com (ht Brian): Ryland says that the big question from last quarter’s conference call was what impact the expiration of the tax credit will have on the new home market. Says they found out the answer to that question in Q2, as…
What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to five word summaries. Click on the number to jump straight down to the question. 1. A pile of problems 2. Financially helping a boyfriend 3. Vinegar and water for cleaning 4. What debt comes first?…
CR Note: This is from housing economist Tom Lawler. Meritage Homes, the 11th largest US home builder in 2009, reported that net home orders in the quarter ended 6/30/10 totaled 900, down 21.5% from the comparable quarter of 2009. Home deliveries, in contrast, jumped by 35.6% from a year…
From the Sacramento Bee: Schwarzenegger orders more furloughs [Gov. Arnold Schwarzenegger's] new executive order requires employees take three unpaid days off per month. But unlike that policy, it has no termination date: Furloughs will end when lawmakers pass a 2010-11 budget. … The governor made the decision this week after…
Along my financial journey in life , I made a great number of mistakes. In this ten part series which runs from July 19 to July 30, I’m going to focus on ten of my worst mistakes and the difficulties and successes I’ve had in overcoming those mistakes. I…
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Praise for Private Equity
“Private Equity: History, Governance, and Operations is an invaluable guide to understanding the world of private equity investing. Harry Cendrowski and his colleagues have drawn on their extensive experience and…
All through my life, I’ve spent time memorizing various poems. The Road Not Taken by Robert Frost. anyone lived in a pretty how town by e. e. cummings. Pioneers! O Pioneers! by Walt Whitman (probably my favorite). I like the way the sounds roll off the tongue and paint…