UPDATE: I was told this is a done deal, but I haven’t seen an announcement yet - so it might still change. The tax credit was expanded to move-up and higher income buyers. The amount of the credit was reduced … Read More

From Bloomberg : Oct. 27 (Bloomberg) — Investors worldwide are borrowing dollars to buy assets including equities and commodities, fueling “huge” bubbles that may spark another financial crisis, said New York University professor Nouriel Roubini . “We have the mother … Read More

Melinda writes in: You constantly write about how having a notebook in your pocket all the time helps you in life and saves you money. I get that you can write down your ideas in it all the time, but … Read More

Here is more on the housing tax credit debate … First, from Reuters: Democrats Agree to Extend Home-Buyer Tax Credit: Dodd “We’re close, we’re close but I can’t get into any details until it’s a done deal,” said Republican Senator … Read More

James Parsa of Costa Mesa-based the Parsa Law Group gave up his right to practice law in California amid a probe into a prior conviction for having sex with a minor, the California State Bar said last week. Parsa, whose … Read More

Here are some comments worth reading for an understanding of the office and industrial CRE space from the Liberty Property Trust conference call. (ht Brian) Note: Liberty Property Trust owns both office and industrial properties. LRY: During the third quarter … Read More

From the NY Times: The Case for More Stimulus . Excerpt: … Washington is not providing a coherent plan for effective stimulus. The Senate has been hamstrung for nearly a month over the most basic relief-and-recovery boost: an extension of … Read More

Whenever I mention a company on The Simple Dollar – Apple, Dell, Nintendo, Williams-Sonoma, etc. etc. – I usually receive an email or two from a reader telling me how absolutely horrible the company in question is. They tell a … Read More

While we wait for the August Case-Shiller house prices … Simon Johnson and James Kwak write in the WaPo: The home-buyer tax credit: Throwing good money after bad . What happens when you artificially prop up housing prices? Imagine the … Read More

From The Times: Land Securities calls halt to softer retail rent deals as demand rises Francis Salway, the chief executive of Land Securities [Britain’s biggest property developer], said that he would no longer offer rental deals amid signs of increasing … Read More