Real Estate

Renters Are Deluding Themselves – Here’s Why

August 16, 2011

It’s en vogue now to be “anti-homeownership” given the recent crash in home prices and all the shenanigans the mortgage companies, banks and Wall street firms pulled over the past several years.  People tend to use the recency effect and confirmation bias to formulate their opinions which dictate important lifestyle and financial decisions. Before you […]

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I’m Borrowing $50,000 From My 401(k) – It’s My Best Option!

August 14, 2011

There are tons of articles out there waring about the dire consequences of borrowing from your 401(k) – you know, not earning money on the withdrawn amount, double taxation, early withdrawal penalties and having to repay immediately if separate from the company…I’m going to lay out why my particular situation and outline why none of […]

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How to Sell Your Home Quickly

July 14, 2011

In the current housing environment, there are all sorts of dynamics at work from strategic defaults to tightening lending standards.  On the owner side, selling a home at a decent price can take months longer than it used to.  When we were looking at homes last year, some of them were on the market for […]

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Pre-Paying Your Mortgage – Obsessive or Responsible?

July 13, 2011

I have a co-worker friend that is hell-bent on paying off his mortgage as quickly as possible.  Paying down debt of any type and saving for the future is a noble cause, but he’s pretty much obsessed over it and I can’t help but question (as I have to him) what he’s giving up in […]

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My Barber is a Multi-Millionaire – Here’s How He Did It

July 10, 2011

I’ve been going to the same barber for a few years and we usually get to talking about the economy, investments and such.  He doesn’t openly brag about being a multi-millionaire, but it’s plainly evident based on our discussions that he is one.  He’s somewhat a case study in The Millionaire Next Door: Surprising Secrets […]

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Time to Start Leveraging Up Again?

June 26, 2011

It’s impossible to call a bottom in housing, unless you’re the National Association of Realtors (NAR) of course, who I think have done so monthly about 60 times in the past 5 years.  However, housing obviously can’t go to zero, especially rental real estate with real cash flows.  That begs the question as to whether […]

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