Bored of Real Estate

Looks like some investors in New York are going to lose their housing project since they failed to make their $16M loan payment in January. The property was originally bought in 2006 for $5.4 billion … though now it’s worth a paltry $1.8 billion.

I guess that’s one of the benefits of using “other peoples money”.

http://news.yahoo.com/s/ap/20100125/ap_on_bi_ge/us_stuyvesant_town

I’m really sick of the major media outlets harping on the “recession” and going on and on about how the end of the world is just around the corner.

Then I have to listen to those no-nothing talk-show pundits repeat that garbage as if it were the gospel. It must be true; it was on the news ™. And for what they’re lacking in accuracy, they’re more than making up for with repetition and increased volume.

Personally, we’ve had our best year ever in real estate (thanks friends and clients!) and we’re looking forward to having a great 2010 as well. So, when I stumbled across this article, it was pretty much a big fat DUH. At least somebody bothered to note that things aren’t really that bad (unless you live in CA, FL, MI or NY in which case you’re totally screwed). Bonus: 6 of the 10 cities are in Texas!

Yahoo: 10 housing markets where prices have gone UP!.

Here’s a time-lapse video showing US unemployement by county from January 2007 to the present. It’s a nice combination of scary and interesting.

After years of slacking, we *finally* got our blog installed and this is the first post! We’re still tweaking the design but we hope that future posts will be full of relevant information that people actually care about.

Future posts will likely include: product reviews, upcoming Denton events, local Denton news/issues, real estate updates, rants and whatever else people would like to see posted.

Feel free to comment, leave feedback, etc We’re looking forward to developing this more in near future.

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