Double Dip
If you bought your home in 2002, on average spread across the U.S., your home has not gained a wink of value from that price nine years ago. That’s the latest from those good folks who bring us the Standard & Poor’s/Case-Shiller index and have now confirmed the Double Dip is documented. Hmmm. High drama:…
Read MoreMore proof that the rich are getting richer, and the American middle class is diminishing: according to Mother Jones Magazine, the top 100th of 1% of the wealthiest Americans, now make an average of $27 million per household. The average income for the bottom 90% of the US population is $31,244. The median net worth…
Read MoreUpdate to the mortgage story. As I said earlier, mortgage broker Ron Schulz told me over the weekend that the biggest hurdle in mortgage financing now is finding mortgage loans for the self-employed. Those deals are near impossible because most self-employed work off K-1 income to control/limit taxes so when they go to get a…
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