Vinnys House of Real Estate

This was an interesting project, some amazing homes hopefully they can find a buyer once they complete the project..
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A Wisconsin company that manufactures and distributes food-processing ingredients has been selected to purchase the opulent Chateaux on Central brownstone project. The winning bid: $7 million.
The unfinished residential development at the northwest corner of Central Avenue and [...]

Chandler man arrested for gutting foreclosed home.

This is hopefully the best news to date and I think we will start to see a huge shift in the market:
Today HUD lifted its rule prohibiting FHA borrowers from purchasing properties which were acquired within 90 days by the seller. The waiver of this rule takes effect February 1, 2010. Here are [...]

When it comes to making a vehicle last–I mean really last–Irv Gordon is a superhero. The retired science teacher paid $4,150 for his 1966 Volvo P1800 when it was new (at that time it was nearly as much as his annual salary as a science teacher), and over the years he’s put 2.7 million miles [...]

This is crazy!
“According to a USA Today analysis of federal salary data the number of employees making $100,000 per year increased from 14% to 19% in the recession’s first 18 months. Also in the period from December 2007 until June 2009 the number of Defense Department employees making $150,000 per year increased from 1868 to [...]

Interesting read, even many of the billionaires had to work at some kind of crappy job. Its what they made of it that separates them from everyone else. Working for someone else isn’t the path to financial freedom, that has been proven time and time again. Work smarter!
The First Jobs of 10 Wealthy Entrepreneurs | [...]

The FTC has released new laws regarding online content.  The main gist is:
Advertising must tell the truth and not mislead consumers.
In addition, claims must be substantiated.

This comes down to just being honest about who you are and what you say..

Advertising and Marketing on the Internet: Rules of the Road.

This could be good news, or could just be greed. Form your own opinion!
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A global survey of more than 2,000 high-net-worth investors commissioned by Barclays Wealth reveals that approximately one in four respondents (26%) believe that residential and commercial real estate provide better long-term prospects than other asset classes.
Slightly more than half of respondents expect [...]

This one hits closer to home, I think we have at least another year of bank failures before things get back in the plus. There is a large confidence factor that is going to take a long time to come back. People just don’t trust banks and especially equities..
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AmTrust Bank customers have been moved over [...]

So mortgage lending is going down, and the solution? Lets make it more difficult for borrowers to qualify, that will spike the economy.
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WASHINGTON, Nov. 26 (UPI) — Fannie Mae, the giant mortgage finance company that helps shape lending guidelines, plans more crackdowns next month to further tighten lending practices.
U.S. officials say the plan includes the [...]