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Real Estate and Home

Federal Reserve Cover-Up

by Luke Landes

In 1999, the stock market was experiencing a bubble, which as most people know, popped, and caused many stock market speculators to lose money. During the time leading up to the crash, the Fed chairman did not publicly acknowledge the bubble. However, according to an article in today’s Wall Street Journal, the Fed was aware ... Continue reading this article…

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No Money? Buy a Home!

by Luke Landes

Many of the people I’ve grown up with have been buying their first homes at this point. One of my closest friends (and his wife and daughter) is selling his first home and moving onto bigger and better. So yes, I’ve been thinking about it a bit. In that respect, this article caught my attention ... Continue reading this article…

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Housing Market Update

by Luke Landes

According to the National Association of Realtors, Florida had some nice gains in real estate values between the fourth quarter of 2003 and the fourth quarter of 2004, but Las Vegas, Nevada is on top. Here’s the full chart.

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Don’t Buy More Home Than You Can Afford

by Luke Landes

I’m about to leave my office, so I’ll have to add to this entry later. Here’s an article from MSN Money that touches on the topic of biting off more than is chewable; that is, buying a home more expensive than what you can afford. “Traditional” calculators and advice from mortgage lenders will lead people ... Continue reading this article…

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Fear of a Housing Bubble?

by Luke Landes

I always like articles about the housing bubble. Some people believe a crash is inevitable and some people think the economy can stave it off. This article and similar ones prove that no one really knows anything and people are just guessing. Everyone has an opinion and everyone’s sure they’re correctly predicting the future, but ... Continue reading this article…

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Fix Up Your Home to Increase Value?

by Luke Landes

An article at The Motley Fool points out the ineffectiveness of making improvements around your home to “increase its value.” It may be worthwhile in some instances, but it’s rare for the value of your home to increase in value the same amount it costs to make the improvement. So if you find yourself with ... Continue reading this article…

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More Landlord Disappointment

by Luke Landes

Since July 2003, I have been paying my rent with my credit card. I do this because it allows me to “float” for about 20 days and, more importantly, because I get a one percent discount on all credit card purchases. As of next month, they are discontinuing the allowance of credit card payments. I ... Continue reading this article…

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Making Money in Real Estate

by Luke Landes

“Get an education and buy real estate.” That was the advice given to Stan Taflaw. He is one of CNN’s Tycoons in the Making. With his high salary as a nurse and hospital administrator, and help from his rental properties and real estate sales, he’s been able to put three of his daughters through college ... Continue reading this article…

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Danger Likely Ahead

by Luke Landes

I could count on five pairs of hands the people who have told me that there is no way to lose when it comes to investing in real estate. The most emphatic are those individuals who for whatever reason have had very little formal education, and yet some bright people also tend to think this ... Continue reading this article…

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Tips for the New Year

by Luke Landes

Keep more in 2004: 8 resolutions – Dec. 24, 2003 CNN presents five tips as we head into the new year. And here they are, summarized for your quick acceptance or rejection: Pay yourself first by saving for your retirement directly from your paycheck. If you’ve procrastinated this year, get over it. Quit smoking. Get ... Continue reading this article…

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Thinking Ahead

by Luke Landes

Cost of home ownership – Dec. 23, 2003 What many people don’t think about when espousing the value of owning vs. renting living space is the cost of regular maintenance. The article presents a nice chart stating you should be saving $21/mo to replace a roof in 10 years, $83/mo to replace windows in 15 ... Continue reading this article…

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Location, Location, Location

by Luke Landes

Most expensive housing markets – Oct. 22, 2003 Here are twenty localities (ten at each end of the spectrum) in which I will most likely never live.

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Young Real Estate Tycoon

by Luke Landes

Millionaires in the Making: Budding real estate tycoon – Oct. 15, 2003 CNN posted a story about a young person (26 years old) who has been involved in real estate investing. I think this is a good way to go. I could see myself getting involved in this sort of thing, but I would need ... Continue reading this article…

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Housing Bubble? Housing Investment?

by Luke Landes

Fool.com: Buying the Bubble? [Commentary] September 18, 2003 The author tackles with the question of whether there is a (national) housing bubble. He feels that there isn’t, but also notes that housing is not an investment. People should avoid thinking of it as one. It doesn’t provide income and any thoughts about future movement are ... Continue reading this article…

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The Coming Crash in the Housing Markets

by Luke Landes

“It’s 1929 all over again,” said Talbott, a former Goldman Sachs vice president. “This is big Depression-type stuff.” This article visits a worst-case scenario that some people think the market may realize. Once again, the point is made that while the housing market has never declined as a national average, prices have certainly declined locally. ... Continue reading this article…

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Home Buyers

by Luke Landes

Buying a house isn’t right for everyone. If it seems like everyone else around you is jumping on the real estate bargain, but you aren’t, don’t sweat it. How can we buy a house? Once again, the possibility of real estate prices not continuing to go up as much as they have been is brought ... Continue reading this article…

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People of Million Dollar Homes

by Luke Landes

Who can afford million dollar homes? Coldwell Banker polled their real estate salespeople to find out. It turns out that buyers of million dollar homes most often pay in cash, or if they take financing, many put down a payment of at least 50 percent of the sale price. The two most common professions are corporate ... Continue reading this article…

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Owning A Home, Owing Money

by Luke Landes

Rising interest rates make houses less affordable, and thus depress their prices. Homeowners who find themselves overextended may be heading for trouble. There are some dangers that come into play when buying a house right now. Many people tell me that there is no housing bubble. They say that since housing values have always gone ... Continue reading this article…

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Rental Deal Hunting

by Luke Landes

12 keys to a good deal on a rental car The last time I traveled, I was able to get a good deal by comparing prices and having one company match—and finally better—another company’s offer. Renting a car infrequently is great for people who aren’t normally required to drive. In my area, there is a ... Continue reading this article…

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