How To Rob The Treasury For Bonuses - You have to love (or HATE!) Goldman Sachs:
Karl Denninger, Market Ticker, Jun 24, 2009
You have to love Goldman Sachs:
[Goldman to make record bonus payout -Guardian 21 Jun 2009]
"...Goldman Sachs staff can look forward to the biggest bonus payouts in the firm's 140-year history after a spectacular first half of the year, sparking concern...
Identity theft and finding the right tenant.
It’s no secret identity theft is a booming business. This can have serious impact on you as an income property owner. It’s hard enough to find quality tenants without having to worry about whether they are actually who they say they are. I mean, what better way for chronically deadbeat renters to...
More on the "national" housing market.
Just read a funny analogy about the myth of a US housing market. It went something like this. Coming up with a national housing number is like a weatherman who combines weather conditions in Nome, Alaska and Key West, Florida to arrive at a national average temperature of 45 degrees. While technically...
Jason loves his new iPhone application.
The truth is Jason not only loves his iPhone but he really loves the fact that there is now a Property Tracker application to run on it. Longtime listeners have heard of Property Tracker before. It is Platinum Properties Investor Network’s software of choice for small to medium size income property...
Don't get hit by the shrapnel of the 'fatal conceit'.
The ‘fatal conceit’ is an idea coined by Friedrich Hayek. It simply means that central planners working for the government tend to miraculously consider themselves free from sin and error. Nowhere is this more evident than in watching the present gang of do-gooders try to borrow their way out of...
Two stages of wealth creation.
Buying real estate for investment purposes can seem like a big chunk of information to digest if you look at it all at once. Let’s break it down into more manageable bites. The simplest part is Stage 1. During this time your primary focus is to stock up on debt. You want lots and lots of debt attached...
The Reluctant Investor's Lament.
Jason likes to close the monthly Creating Wealth in Today’s Economy seminar with a poem called The Reluctant Investor’s Lament. It was written in 1977 but still packs a wallop of powerful thoughts. Below is an abridged version for your reading pleasure.
“I hesitate to make a list, of all the...
The easy way to get a loan modification.
Every once in a while you hear a story that makes you go, “Hmm, how DOES something like that even happen?” It all goes back to the secondary mortgage market and the practice of banks and Wall Street firms buying and selling pools of mortgages – one loan was sold 39 times, according to Kim Nguyen,...
Owners, make your property manager happy.
You’ve bought your first income property and have a property manager in place. You can’t just turn off your cell phone and take a year-long yacht cruise to the South Pacific. There are some responsibilities you, the owner, still have. Here’s a quick list.
1. Interview the property manager BEFORE...
They're melting in California.
As a California-based business, we offer the following commentary and wonder, “Why are we still here?”
Yes, it’s warm in California but we’re talking about a different kind of melting. On June 10, 2009, California Controller John Chiang had this to say about the Golden State’s economic future....