Scrooge Strategy

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Real estate

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72

My friend was about to buy a million-dollar house with no research

Note: I’ve created a new category called “Real estate” (see the other categories on the right side of the blog).
One of my friends is 28 and she’s looking to buy a house in San Francisco pretty soon. Now, as you know, I’m not a big fan of real estate for investment reasons, but because I’m [...]

26

Homeowners are taking the risky route and I am confused

Does anyone else find this weird?
…a one-year ARM, at 5.8 percent on average, now costs only a third of a percentage point less than a 30-year fixed-rate mortgage, at 6.2 percent. And ARM holders still face the risk of paying a higher interest rate down the road.
But while there’s a new refi boom in swing, [...]

36

Meet the 24-year old with $2.2 million in debt

Regular readers know that I’m not especially enthusiastic about investing in real estate (see here and here for examples of why), so this post won’t come as a big surprise.
But it’s not just about why I think stocks are better. Many of you have been hearing about the blog http://www.iamfacingforeclosure.com, written by a 24-year-old [...]

15

I love leverage

I really do. Yesterday I was listening to the radio and NPR was running its pledge drive to raise money. I love NPR, but I have to admit that I was about to change the station because, well, that’s what’s easy. But then they mentioned that some company was doubling every pledge made that hour.
Bam! [...]

13

Maybe real estate isn’t such a good investment

One of my favorite things is reading an article that takes some fundamental assumption we all make, calmly demolishes it with data and statistics, and then handily concludes like Jackie Chan would after beating someone’s ass.
Last week, the NYTimes ran such an article.
The housing boom of the last five years has made many homeowners feel [...]

0

Management Infrastructure

This is a guest post by Owen Johnson.
Part 6 in a series of 7 on real estate.
THE WEEKLONG SERIES OF REAL ESTATE BASICS
1. The Real Scoop on Real Estate
2. Starting Down the Real Estate Investment Path
3. The Transaction Mechanics
4. A Primer on Real Estate Agency
5. Leveraging Yourself to Grow Your Wealth
6. Management Infrastructure
7. The Week [...]

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