The problem with Chinese drywall is that it creates a corrosive and potential hazardous indoor environment. Strontium sulfide, present in defective drywall, combines with latent humidity in the air to create hydrogen sulfide, a highly corrosive gas according the OSHA. This corrosive gas reeks havoc on nearly every metal component in a home, ruining electronics [...]
Entries from March 2010
Heat, Humidity and Chinese Drywall
Mar. 17th, 2010
Mortgage Rates Fall Again
Mar. 17th, 2010
The 30 year rate fell from 4.97 to 4.95 this week. This is the 2rd week in a row where rates have fallen. The expectation has been (for several months) that rates were going to rise. It looks like an economic recovery, which is somewhat more tepid than expected, has stopped rates from rising. Instead [...]
How to Buy a Home with Nothing Down
Mar. 17th, 2010
The scope of the first-time homebuyer tax credit was broadened. The deadline was extended to April 30, 2010, eligible current homeowners are included, the income level was increased, as was the maximum price for the home, and other factors of the tax credit changed, too. One aesthetic that drew many homebuyers was that, for Federal [...]
Chinese Drywall: Buying a home
Mar. 17th, 2010
As of the writing of this article, there are still many questions left to be answered in relationship to Chinese drywall. This uncertainty has led many potential buyers to question the home of their dreams. Estimates are that homes built between 2001 and 2008 could be affected. With so many homes potentially affected by Chinese [...]
“This is the Safest and Best Investment For You!” Yeah, Right Wall Street….
Mar. 16th, 2010
Real Estate always bounces back. It is a simple, yet core component of the ever-increasingly difficult to measure United States economy. With the simple measurement of the housing economy, one can dictate whether or not a recession has ended or if it has double-dipped into a real depression. With Real Estate as a measurement, the [...]
Cultivating the Law of Attraction
Mar. 16th, 2010
The Law of Attraction is one of the most important elements related to the success of a real estate agent. However, many beginners do not know what it is or how it works. It is one of the powerful tools in the toolbox of a real estate agent because it helps you get into the [...]
Moving with Teenagers
Mar. 16th, 2010
Moving with teenagers is a very different experience than moving with young children. Sometimes teenagers are very excited about the move, and other times this is not the case. Throughout the teenage years, children are separating from their family in preparation for creating their own. They begin to depend more and more on their friends [...]
Be A Careful Investor: IRA Custodians Expect You To Watch Your Investments Closely to Prevent Fraud!
Mar. 15th, 2010
So there are new issues arising that are severe with IRA custodians scamming their clients out of money. In the New York Times, the article describes that Fiserv has been caught up in Ponzi Schemes and IRAs not just with Bernie Madoff. The thought was that no one could ever run scams that would include [...]
Alt-A Mortgages and the Real Second Wave in the Mortgage Crisis: And What You Can Do…
Mar. 12th, 2010
Alt-A Real Estate mortgage crisis looms like a tidal wave that makes the subprime mortgage crisis look like a ripple in a pond. So how does this affect you, the average real estate investor? First, you have to define what an Alt-A mortgage is and what it is going to do to the fledgling recovery [...]
Stimulus Everywhere, But Where Are the Results? The Jobs? Don’t Count on It!
Mar. 11th, 2010
Stimulus, stimulus, stimulus. That’s all we hear every day now. As the outrageous and skyrocketing unemployment numbers rise, we hear more and more about stimulus. The cries grow louder as the shouts for proof of success are stomped down by those inside the beltway in Washington. So to their point: did the stimulus actually help? [...]