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From the monthly archives:

September 2008

It looked good at the time….

September 30, 2008 The Economy

Yehoram posted a link on myREINspace to a New York Times article from September 1999 about Fannie Mae yielding to pressue and making it easier for some borrowers. The high points: …banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers.  And In moving, [...]

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Stocks suck, buy real estate instead

September 30, 2008 The Economy

The market continues to be wobbly all over the place. Through a “erroneous order routed from another exchange” Google’s stock price dropped over 30%. Isn’t that just what the market needs? A confidence booster? Either way, I sent off the signed paperwork for my mortgage today. I was genuinely concerned that lending would temporarily stop [...]

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Banks tighter than a duck’s ass

September 28, 2008 The Economy

So, unless you’re dead, you’ve been reading about the stock market crash and the death of AIG; the explosion of WaMu (Washington Mutual) and Congresses’ $700 billion bailout. The real issue right now isn’t what happened; it’s what can’t happen going forward. All this has caused the entire finance industry to pucker tighter than ducks [...]

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I love my readers

September 27, 2008 Cool Websites

As many of you know, I work for a company doing search engine optimization. We help people’s websites get found in the search engines. I don’t spend much time optimizing this blog. I just try to write about stuff that I find interesting and/or you might find helpful. You folks have read, commented, linked, and [...]

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Bring Free Public WiFi to Edmonton

September 24, 2008 Cool Websites

I learn a lot of things from being a Twitter user and having a job that allows me time to pay attention to it. @brocksky works at YellowPencil who happens to be doing the redesign for the City of Edmonton. It went live just the other day. Here’s a picture of the tweet. It seems [...]

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Newspapers are Confusing

September 23, 2008 Real Estate

I’m a big fan of Danielle Millar’s blog. Short entries, good news clips, and a minimum of advertising/self-promotion. She’s also about to have her first child, which has been pretty cool to follow. She had a good post on Sunday with four seemingly contradictory newspaper articles. She makes a good point, that those of use [...]

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Real Estate Summber BBQ Topics

September 22, 2008 The Economy

Although he doesn’t blog that often, Don Campbell usually write pretty good stuff. One post from the beginning of August was about four hot topics around real estate, and I thought I’d add my thoughts. #1 Zero-Down Mortgages and 40-Year Amortizations I mentioned it just this week, that the few banks offering 40-year amortizations were [...]

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