I haven’t wrote anything on here in a while and I don’t have a good reason. Been busy with the kids, buying and selling houses and coaching football this past year and decided to just let the blog rest. I do miss jotting down things I think about so perhaps I’ll write more in 2015. I’d sure like to get rid of that house in central corridor right about now. Dropped some mail Friday so hopefully the phone rings a lot this week. Me and Junior checked out the NFL Experience in downtown Phoenix today(Superbowl is here in Phoenix this year). He enjoyed the HUGE blow up football and looking inside the new GMC trucks more than anything. Didn’t catch the Pro Bowl but from the highlights it looks like it was entertaining! Stock market is still toying with new highs.. Gas is rediculously cheap. Housing seems okay.. Kind of quiet in Phoenix but very much a seller’s market in Portland. Will be interesting to see how far the stock market can inflate and if they can get loans flowing. Market could inflate if they do those 2 things.. Gold and silver have started to rise in the past month. I wonder if we saw the bottom in the mid teens or what will happen. Still mostly lower lows on a longer term chart..
By: Joshua Gayman
seriously ya’ll this has nothing to do with politics, only finance…
in response to all of the comments posted about how a gallon of gas was $1.81 or whatever when Obama took office: How about a gallon of gas hit $4.00 in 2007 when Bush(a Republican) was in office.
Economics lesson: when currency falls, commodities rise.
Thus, if you want to blame any one party or person for the price of oil rising, blame the central bankers ie: the Fed and the ECB(european central bank). They run BOTH parties anyways!!!
Until we think rationally TOGETHER(ie: both parties thinking of ways to work together to achieve a common goal of a higher quality of life for our nation and future generations), we are going to continue to get run over by the ultra rich and social elite.
From my RE blog!
Originally posted on MyPadAZ:
By now most of us have a decent understanding of how the subprime mortgage mess came to a meltdown.
Easy money caught up with us when borrowers could no longer afford their minimum payments, which were usually their mortgages, which had been refinanced(or leveraged with home-equity loans) to pay off unsecured credit cards which had been used to finance liabilities like cars, boats, college, home improvements etc.
But can you really blame someone for being handed easy money?
I mean think about it.. The media pushes the message because it is bought and paid for, just like the political parties and currency systems, and by the same people.
The message is to spend money you don’t have.
The government does that, why shouldn’t you?
And now, four years past Ground Zero of the recession, and easy money is still available. How can this be? And who can still qualify?
View original 436 more words
Phoenix housing boomed with the housing market and then crashed hard with the subprime mortgage crisis. Now things are looking up again in the state. It seems as though when the national markets go up, Phoenix goes higher, and when they go down, Phoenix goes lower..
This makes Phoenix one of, if not, THE best place to invest in real estate. You can buy properties for cheap when the market is rough, then rent them for amazing cash flow and tax breaks, all the while riding it out to realize some significant gains from appreciation.
Phoenix is volatile, but for the cash flow investor, that’s good news!