你会说中文

Do I speak Chinese? No. However it might be a good idea to learn how real soon. According to the article below, the US economy is very close to being taken over by China and most people haven't even noticed.

America has been the world's largest economic power for as long as anyone can remember, and that could change within the next five years.

Click on the title above or the link below to review the entire Yahoo Finance article.
http://finance.yahoo.com/banking-budgeting/article/112616/imf-bombshell-age-america-end-marketwatch

How much is this going to cost???

It appears that some mortgage companies have not been following the rules and the Government is ordering them to pay up...

I'm as shocked by this as you are...mortgage companies not following the rules???

Click on the title above or the link below to review the entire Yahoo News article.
http://news.yahoo.com/s/ap/20110413/ap_on_bi_ge/us_foreclosure_reimbursed

Who is "Linda Green"?

Watch the 14 minute video from 60 Minutes to find out. Then ask yourself when do you think this mess will REALLY go away?

Click on the title above or the link below to review the entire Yahoo News article and 60 Minutes video.
http://news.yahoo.com/s/yblog_thelookout/20110404/bs_yblog_thelookout/the-foreclosure-mess-isnt-going-away

Prices are falling???

How can this be? Didn't the media tell us that the recession had ended back in June 2009? Who would have thought that high unemployment, record number of families on food stamps, record number of families in foreclosure, chaos all over the world, a HUGE supply of homes for sale or sitting vacant waiting to come on the market, tighter lending standards, less and less demand, and the cost of food, gas, and clothing all going up, would drive down prices???

I don't know about you, but I am glad the recession is over, or we might be in some serious trouble...

Click on the title above or the link below to review the entire Yahoo Finance article.
http://finance.yahoo.com/news/Home-prices-falling-in-most-apf-2179818115.html?x=0

More contracts signed means...

Why do you suppose that there was an increase in both contract signings and cancellations??? Hmmm…I’m sure it’s not because buyers are making a dozen or so offers on a dozen or so properties and taking the best offer from the first seller that responds…

Click on the title above or the link below to review the entire Yahoo Finance article.
http://finance.yahoo.com/news/More-people-signed-contracts-apf-1373085761.html?x=0

Sell now or get less later...

For years now, Kirk Nace has been sharing with his clients that they have a choice. "Either sell now for the maximum dollars available today, sell tomorrow for less money than you could today, or wait many many many years to sell for the exact same amount of money as you could have today."

So, what choice will you make?

Click on the title above or the link below to review the entire Yahoo Finance article.
http://finance.yahoo.com/news/Nearly-20-of-Florida-homes-cnnm-2507768369.html

Wall. Street. Shut. Down.

No one agrees. Parties fight. It's the same old song and dance we've been experiencing for years. The short term reality of this [a government shutdown] could be painful....(the long term reality is probably pretty minimal).

Yikes. People wouldn't get paid. The SEC stated the option of having private money to pay employees in 1995 does not exist today.

Hmmmm......what's the solution? Is there one that isn't painful? Is continuing to put band-aids and minimize temporary pain only a double-edged sword that will threaten the legacy we wish to leave our children and create more pain in our futures?

What do you think?

Some Dream...

According to Kirk Nace, the top real estate market prognosticator, "This is one of the best pieces I have seen in terms of simplifying the US Housing Market and the decision to buy or sell. Prices still have another 25% or more to drop from today's levels and we will not even approach a bottom until at least 2015 or beyond. Once we do arrive at the future bottom, which could be delayed repeatedly by our government's continued insistence to tinker with the market, it will be many more years before we leave that bottom. I fully expect that prices will continue to decline through at least 2015 and that we will then see them hover along a bottom for close to a decade, perhaps longer, until they ultimately start moving ever so slightly up sometime in the mid 2020's at the earliest. Today's owners can sell now, for whatever the market will bear, or they can sell for less at any time over the next 20+ years, or they can wait 20+ years and again sell for what they could have sold for today. The likelihood that prices will return to 2005/2006 levels anytime in the next 30 years is simply fantasy."

Click on the title above or the link below to review the entire CNBC article. http://www.cnbc.com/id/41782186

Selling your home?

If you are thinking of selling, Reuters says to "Get Real!"

Click on the title above or the link below to review the entire Reuters article. http://blogs.reuters.com/prism-money/2011/04/04/home-sales-get-real/