Search Results for economicstag:searchlightcrusade.net,2024:/mt//feed/economics2024-05-03T00:36:47ZMovable Type 4.21-en1121112What Do You Mean Back To Basics?tag:www.searchlightcrusade.net,2009://3.48372023-11-13T15:00:00Z2023-11-13T14:18:25ZDan Melsonhttp://www.searchlightcrusade.net/
For a period of several months when the market started imploding, I got mass messages from basically every lender I do business with, saying it's time to "get back to basics". My favorite A paper lender became the last to...
Where Would I Invest A Million Dollars?tag:www.searchlightcrusade.net,2009://3.47862022-09-12T14:00:00Z2022-09-12T14:33:03ZDan Melsonhttp://www.searchlightcrusade.net/
Somebody asked me that. Well, I'd want to set some aside for liquidity and reserves, in case something happened where I needed money now. invest those funds in a diversified mutual fund and money market portfolio. Once that's done, I'd...
Economics of Housing in High Density Areastag:www.searchlightcrusade.net,2009://3.47382022-03-28T14:00:00Z2022-03-28T15:06:13ZDan Melsonhttp://www.searchlightcrusade.net/
Here are the facts of the situation, whether you're talking about San Diego or Manhattan, the Bay Area, Los Angeles, or any of the other densely packed, high cost areas where all the employment and career opportunities are. Fact 1:...
When You Should Not Buy Real Estatetag:www.searchlightcrusade.net,2007://3.35732022-03-21T14:00:00Z2022-03-21T16:01:13ZDan Melsonhttp://www.searchlightcrusade.net/
Okay, I did an article called Why Renting Really Is For Suckers (And What To Do About It). Fairness demands that I do a companion article on situations where buying is not a good idea. There actually are some. First...
Wanting a More Expensive Property Than You Can Really Affordtag:www.searchlightcrusade.net,2009://3.47322022-02-21T15:00:00Z2022-02-21T17:10:27ZDan Melsonhttp://www.searchlightcrusade.net/
This is one of the biggest issues with my local real estate market. Because the San Diego market has very high demand and limited supply of property, prices are high. A reasonable two bedroom condo runs around $200,000. A 1200...
The Tradeoff between Rate and Cost in Real Estate Loanstag:gockel.hmdnsgroup.com,2007:/~searchli//3.28862021-09-14T14:00:00Z2021-09-14T12:33:04ZDan Melsonhttp://www.searchlightcrusade.net/
The question every good loan officer hates is "What is your lowest rate?", usually the first thing in a phone conversation. People think that this sort of rate shopping is going to help them. The fact is that it almost...
What Are The Note And Trust Deed?tag:www.searchlightcrusade.net,2010://3.50092021-09-09T14:00:00Z2021-09-09T14:51:15ZDan Melsonhttp://www.searchlightcrusade.net/
It's very simple really, and this is something I have never covered in the perhaps mistaken belief that it was too simple and everybody knew this. The Note is the loan contract that sets the terms of the loan, repayment,...
Loan Fall-Out And The Effects Upon Consumerstag:www.searchlightcrusade.net,2010://3.50062021-09-01T14:00:00Z2021-09-01T15:10:03ZDan Melsonhttp://www.searchlightcrusade.net/
This is going to be a long article and somewhat technical in places, but it needs to be covered and it's important to everyone who is thinking about getting a real estate loan. "Fall-Out" is very simple: The number...
Special Restricted Loan Programs Means Potential For Special Problemstag:www.searchlightcrusade.net,2009://3.45942021-08-20T14:00:00Z2021-08-20T12:07:44ZDan Melsonhttp://www.searchlightcrusade.net/
An e-mail I got from a single mother I spent two months working with before she found a special low income program for a property she wouldn't have been able to afford through me. The first paragraph is her addition...
Confusing Past Performance and the Present Situation with Future Planningtag:www.searchlightcrusade.net,2010://3.50002021-08-11T14:00:00Z2021-08-11T10:40:14ZDan Melsonhttp://www.searchlightcrusade.net/
The most common mistake in real estate (and every other aspect of financial planning, for that matter) is to assume the situation now is going to continue indefinitely. In the stock market, people chase last year's returns. They "wait for...
Considering Condos, Townhomes, and PUDstag:www.searchlightcrusade.net,2009://3.45692021-08-10T14:00:00Z2021-08-10T10:33:30ZDan Melsonhttp://www.searchlightcrusade.net/
The vast majority of the population out there wants single family detached housing. The virtues and benefits of the single family residence have been extolled ad nauseum, and the drawbacks of the alternatives are the stuff of urban legend. Unfortunately,...
Why The Higher Rate Loan Is Often Bettertag:www.searchlightcrusade.net,2009://3.45402021-07-28T14:00:00Z2021-07-28T17:23:37ZDan Melsonhttp://www.searchlightcrusade.net/
The short answer is "Because it costs less". It costs more money to get a lower rate - simple fact. It takes time to recover the extra money you spend to get a lower rate via that lowered cost of...
The Economics of Housing Developmenttag:gockel.hmdnsgroup.com,2007:/~searchli//3.28172021-07-11T14:00:00Z2021-07-11T12:30:17ZDan Melsonhttp://www.searchlightcrusade.net/
The genesis of this article is Something's Gotta Give, a report (.pdf format) from the Center For Housing Policy. Furthermore, there is an article in the Washington Times from UPI that connects the dots on the tactical level. The...
What Type of Real Estate Listing Agent to Choosetag:gockel.hmdnsgroup.com,2007:/~searchli//3.27942021-06-25T14:00:00Z2021-06-25T12:09:11ZDan Melsonhttp://www.searchlightcrusade.net/
On a regular basis, I see advertisements for real estate offices that say "discount broker - full service". This is nonsense. Actually, it is a calculated lie. A discount broker has consciously chosen a business model whose economics do not...
Find An Agent With Enough Time To Devote To Selling YOUR Propertytag:www.searchlightcrusade.net,2010://3.49842021-06-17T14:00:00Z2021-06-17T15:10:19ZDan Melsonhttp://www.searchlightcrusade.net/
Not very long ago, the purchase market in many areas of San Diego went through a phase that could only be described as "piranha feeding frenzy". This sort of market reinforces several pieces of advice I have given here....
Gravity Is Not a Major Determinant Of Housing Pricestag:www.searchlightcrusade.net,2008://3.44422021-05-31T14:00:00Z2021-05-31T13:26:59ZDan Melsonhttp://www.searchlightcrusade.net/
A while ago now, I saw a rather clever video someone did called, "That Last Dip's a Doozy!" Someone took housing prices 1890 to present and graphed them to a roller coaster ride. Just before the end, he turned the...
With The Tightening of Loan Standards, Will You Qualify For The Loan To Buy Real Estate?tag:www.searchlightcrusade.net,2010://3.49672021-04-25T14:00:00Z2021-04-25T13:00:51ZDan Melsonhttp://www.searchlightcrusade.net/
With a lot of people running around like Chicken Little screaming about the sky falling, a lot of folks who would like to buy property due to the much-lowered prices are wondering if there is any way they can...
APR vs APY: What The Difference Between Note Rate and APR Tells Youtag:www.searchlightcrusade.net,2010://3.49612021-04-11T14:00:00Z2021-04-11T14:54:12ZDan Melsonhttp://www.searchlightcrusade.net/
I have in the past told people to ignore APR. APR should not be used to compare between loans. Not only is it a one dimensional number used to measure what is fundamentally a two-dimensional trade-off between rate and...
Keeping Pre-payment Penalties Legaltag:gockel.hmdnsgroup.com,2007:/~searchli//3.27142021-04-06T14:00:00Z2021-04-06T10:46:32ZDan Melsonhttp://www.searchlightcrusade.net/
I got a search for "which states allow prepayment penalties". I'm not aware of any that don't. If you are, I'd like to know. Any such states should immediately be renamed "Denial". I really hate prepayment penalties, for a large...
Rent to Own and Lease With Option to Buytag:www.searchlightcrusade.net,2010://3.49472021-03-02T15:00:00Z2021-03-02T16:02:06ZDan Melsonhttp://www.searchlightcrusade.net/
This has always been a portion of the market, but right now, more and more people are emphasizing it, or at least the ones who are able. Actual Rent to Own is rare these days, a sign that the...