Fannie Mae and Freddie Mac are now officially subsidiaries of the Federal Government. Because we all “know” that it is best to minimize government involvement in the private sector. Ok, strictly speaking they are not “subsidiaries”, but rather they are in “conservatorship” managed by the FHA. TheStreet.com also tells us that “The current CEOs of [...]
The World’s Highest Porta-Potty. That is all.
I guess the Hulkster won’t be taking that penthouse condo after all. Maybe Jesse Ventura wants it? Las Vegas can make a museum out of almost anything. Guess what state is NOT on the list of 10 most expensive places to get homeowners insurance? Nevada! If you are trying to get money out of your [...]
Details of the foreclosure rescue bill passed by Congress and awaiting President Bush’s signature are coming out. Before we take a closer look, keep in mind we have 2.2 million vacant homes on the market, sales of new homes are plunging, and the trend of increasing foreclosure rates shows no sign of stopping. Back to [...]
Although we made our decision about potential Presidential candidates with a caucus, Nevada does have a primary election for other positions coming up in a couple of weeks. Here’s a little more about who we will be voting for/against. The intersection of real estate and politics is right here, in this item from the IHT [...]
Some time back I mentioned that many countries do not have the same level of regulation for real estate agents that we have here in the United States. Did you know that many states model their rules for real estate salespeople and brokers in part on the National Association of Realtors’ Code of Ethics? Well, [...]
Most people have never heard of Ivanpah. No, not the “ghost town“. The proposed solar power farm? Well, that’s closer. I am referring to Ivanpah International Airport — currently a hunk of desert near Jean, Nevada — a facility well supported in Nevada and almost unanimously supported by Congress. It is supposed to take some [...]
Thinking of the Children: Child advocacy group First Focus has reported that roughly 40,000 Nevada children will be affected by foreclosure. This is part of 2 Million kids nationwide. Meanwhile, there are about 2,000 homeless teenagers in Las Vegas. Efforts are underway to get them “survival kits” that include “hand wipes, anti-bacterial hand gel, a [...]
Scientists have now said that whether or not Lake Mead exists in 15 years is a coin toss: Based on models constructed from the analysis of historical records from the Federal Bureau of Land Reclamation, the researchers, Tim Barnett and David Pierce, say there is a ten percent chance the reservoir will be dry in [...]
The nice folks at Econbrowser have outlined how mortgage securitization works both in theory and in practice. Fear not; they include handy diagrams. AlterNet has some choice opinions about the Bank of America bailout of Countrywide. Some people are very particular about how you pronounce the name of this state. Did you know that women [...]
