Archive for May, 2011

Give Yourself Permission to Live

May 27th, 2011

“I went to the woods because I wished to live deliberately, to front only the essential facts of life, and see if I could not learn what it had to teach, and not, when I came to die, discover that I had not lived.” Henry David Thoreau wrote these words in Walden, his memoir of the 2 years, 2 months and 2 days he spent living at Walden Pond. He also wrote, “ the mass of men lead lives of quiet desperation. What is called resignation is confirmed desperation.” Read the rest of this entry »

A lesson in Contrarian Investing

May 24th, 2011

I’m so bullish on Real Estate that I now own two homes…well, sort of. In the dark and bitter cold of January, Bill and I scouted out a great deal on a cabin. We closed at the least likely time of the year for such a purchase, February, and spent the winter taking it apart and putting it back together again. Our friends and family just scratched their heads in wonder at what had possessed us.  It was cold work and we did have to brave snow banks, mud, and spring floods but last night, we caught a stringer full of fish off of our dock and this morning, woke to the sight of Pelicans and Egrets fishing for their breakfast in the same spot. If we would have waited for spring to find this place, we’d have spent the entire summer working on it instead of fishing! Read the rest of this entry »

“If you know the score, then you know what it takes to win the game.”

May 17th, 2011

There’s no use fighting it.  The last few years have been a game changer and yet there are still a lot of people yearning for the days of old when there appeared to be wiggle room in the rules.  Compliance is the Hot Button in Washington these days and ignore it at your peril.   Every banker and mortgage banker who ever sold a loan to Fanniemae, FreddieMac or GNMA(FHA/VA), has been called on the carpet to explain any deviations from compliance with prudent underwriting and servicing standards.  The price for non-compliance is high: give us the money back and pay a hefty fine for non-compliance.  For many, it was simply the end of the road.  Read the rest of this entry »

Forecast: Housing affordability is reaching all time highs!

May 6th, 2011

A friend of mine, Mike Elwell, from All American Title, told me about a website at

Wouldn’t it be great to be able to predict the future of such things as the next market rise or fall, or what mortgage interest rates are going to do with accuracy?  These guys, whoever they are, think they can.  Their teaser got me so I subscribed to see just what they had to say.  They claim to have a lot of big name clients and a history of accuracy and I was feeling kind of whimsical today so I thought I’d share their predictions for the future.  I don’t recommend by any means that you take these as gospel. Read the rest of this entry »