The Numbers: Here's What 2008 Looked Like
As we end the year, it's hard to picture just how awful a year this was. It's even harder to imagine what 2009 will be like if 2008 was this bad.
One way to judge a year is by the numbers. Here are a few of the most interesting:
Stock Market:
S&P fell 1.7% last week to 872; down 41% in 2008 Dow Jones…
Inheritance: Refinance Parent's Investment House with Kid's Inheritance?
I got a call at the top of the show from a woman who wondered if she should use the $70,000 her kids inherited to pay off her investment property. She'd create a 15-year mortgage and would pay her kids back monthly for 15 years. She figures it's better to pay back her kids at a guaranteed rate of…
On my radio show yesterday, listeners were so mad they were crying out for blood. "Who will go to jail for this," they asked.
I said that when you come down to it, sometimes it's most satisfying to hit someone in the wallet. Then, this crossed my desk. The lawsuits have already begun. Expect to see a…
Is This What The Bottom of the Real Estate Market Looks Like?
Folks, I'm going to go out on a limb and say that when we look back next year, we're going to see that September 2008 is at the bottom or is part of the bottom of the real estate market collapse.
Why? We had a call on the Ilyce Glink Show this morning from Carmen, a 30-year real estate agent in…
Listen To September 7 Ilyce Glink Show
Ilyce's most recent Sunday show is now available on ThinkGlink.com: http://www.thinkglink.com/radio.asp Ilyce discussed the Federal Government's takeover of secondary mortgage market giants Fannie Mae and Freddie Mac. She took calls from listeners like Cathy, who are wondering if the takeover will…
Today on the Ilyce Glink Show September 7, 2008
Sunday 9/7/08 on the Ilyce Glink Show
Today on the Ilyce Glink Show, we discussed the Federal Government's takeover of secondary mortgage market giants Fannie Mae and Freddie Mac. We took calls from listeners like Cathy, who are wondering if the takeover will have an impact on their house closings in…
First Time Home Buyers Have High Expectations
Apparently first time home buyers want more than they used to. They're less willing buy fixer uppers, per a new Coldwell Banker survey.
"In the past, first-time home buyers were willing to purchase older, more basic houses in an effort to save money and break into homeownership," said Jim Gillespie…
Many 'Household CFOs' Lack Emergency Funds
A recent survey found 68 percent of "household CFOs," those responsible for managing their families' budgets, don't have an emergency fund.
Consumer Credit Counseling Services of Greater Atlanta sponsored the survey, which led the group to launch its Household CFO consumer information campaign.
The…
Today on the Clark Howard Show July 28, 2008
I'll be filling in for Clark Howard 1p to 4p EST. Listen live at www.wsbradio.com/ .
We'll be talking about the housing bill, as well as some new statistics that reflect how pessimistic (and yet optimistic) people are about the housing market.
And, have you heard? There's a new brand launching in real…
Michael Jackson Almost Lost Neverland
Apparently Michael Jackson just missed losing his Neverland Ranch to foreclosure. E! News reported in mid-May that real estate investment firm Colony Capital bought the mortgage in an effort to save the Santa Barbara, Calif., property.
It cost Colony $23.5 million. After buying the loan, the firm…
