I like to track my net worth to see how I am doing overall toward our financial goals. I include our house as an asset, so I have been curious to see how all the news about housing and the sub prime market has affected my home’s worth and therefore my net worth. I [...]
As I mentioned briefly the other day, I’m buying my first house. Yes, me, the guy who is always talking badly about the housing market, and buying a house in general. I finally decided that I was ready for a home of my own for my family, and the timing seemed to be [...]
Not official yet.. but it looks like I’ll be buying a new house here in the next few months. Details to follow. Quite an exciting event, I must say. Mountains of paperwork though. Details to come, don’t worry.
Call me a doomsayer if you like, but it’s all coming down now. Not in a big crash as some had expected, but it certainly is deflating. Washington Mutual announced their numbers yesterday and their profit is down 20%. Why? Deflating Real Estate loans.
a loss in its home loans unit, driven mainly by subprime lending [...]
