All Posts Tagged With: "profits"
Happy New Year: Corporate Profits Up, Taxes Down
If you’re looking for hard economic news, this year-end mindbender from the Bureau of Economic Analysis ought to do the trick: corporate profits surged in the third quarter while corporate taxes fell. And more hard news: on average folks who work in financial services make 52 percent more than you do. “Corporate profits with inventory [...]
27Dec2011 | Peter G. Miller | 0 comments | Continued
America’s Big Banks, America’s Financial Vietnam
Three years ago the most-powerful instutitions in America were the nation’s largest banks and brokerages, Wall Street for short. While millions of people were losing their homes, their jobs and their savings, the nation’s elite extracted a $700 billion line-of-credit from Uncle Sam. Now Wall Street is our financial Vietnam. It’s broken. The old cures [...]
3Oct2011 | Peter G. Miller | 0 comments | Continued
Do We Have A Depression In America?
Forget recession. Is America in the midst of a full-blown, no joking, outright depression? “If the notion that we are merely living through the aftereffects of a mere ‘recession’ that ended in 2009 sounds somewhat ridiculous, that’s because it is,” says Richard A. Posner, a federal judge and law school lecturer based in Chicago. “If [...]
24Aug2011 | Peter G. Miller | 6 comments | Continued
Despite Wall Street reform mortgage banker profits surge
Despite worries that the Wall Street reform legislation passed last summer would crimp earnings, the Mortgage bankers Association is reporting that profits per loan soared in the third quarter. “Independent mortgage banks and subsidiaries made an average profit of $1,423 on each loan they originated in the third quarter of 2010, up from $917 per [...]
15Dec2010 | Peter G. Miller | 0 comments | Continued
Foreclosure Rescue Victim Awarded $700,000
Like a small number of states, Maryland has a tough law to protect homeowners against what are called foreclosure consultants or foreclosure rescue consultants. The idea is that “foreclosure rescue” is allowed in Maryland — but only if certain conditions are met. Now a court has awarded more than $700,000 to a homeowner facing foreclosure [...]
20Jul2010 | Peter G. Miller | 0 comments | Continued
Why Some Real Estate Still Pays
Across the country retirement dreams are falling with the speed of 401K balances. People are discovering that the easy life they had planned for their “golden days” no longer exists. The issue, of course, is that it takes money to retire. For most people, “money” means funds from IRAs and 401Ks and Social Security — [...]
19Apr2009 | Peter G. Miller | 2 comments | Continued
10 Ways To Buy Homes In A Down Market
At first it may seem like a no brainer, low-hanging fruit and child’s play, but purchasing in a down market is not as easy as it may seem. The problem is not a shortage of homes or a lack of sellers willing to bargain, rather it’s that buying in such a market can be risky. [...]
20Sep2008 | Peter G. Miller | 0 comments | Continued
Realty Profits Understated — As Usual
I sometimes see headlines which tell us how various assets will appreciate, say a comment that real estate values will go up 3 to 5 or 7 percent next year. Why am I discomforted with such numbers and predictions? There are two reasons, actually. First, I’m not sure how anyone can predict tomorrow’s home appreciation, [...]
16Sep2008 | Peter G. Miller | 0 comments | Continued
How Can I Start Investing In Real Estate?
Question: How would you start in real estate investing? How would you know who to trust? Answer: Just by reading the paper, checking the classifieds and speaking with local people you already have general notions regarding prices, maintenance, local rental rates, demand and such. Local newspapers are great sources of market intelligence. Look for new [...]
3Sep2008 | Peter G. Miller | 0 comments | Continued
Does it make sense to buy foreclosures?
A given number of homes are foreclosed each year. Most homes are not actually sold at auction as the owner and lender work out a deal, the house is sold by the owner prior to the foreclosure action, or everything is on hold while the owner declares bankruptcy. Foreclosures are typically sold in “as-is” condition [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
© Copyright 