An Israeli woman mistakenly threw out a mattress with $1 million inside, setting off a frantic search through tons of garbage at a number of landfill sites, Israeli media reported Wednesday.
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Money Under the Mattress … Ooops !
June 12th, 2009 Dike Drummond Posted in Interest Rates No Comments »
The ARM Time Bomb that Wasn’t !
December 26th, 2008 Dike Drummond Posted in Interest Rates, The Economy 1 Comment »
Remember in 2007 when we were told that the economy would collapse under the sheer amount of foreclosures that would occur when the Adjustable Rate Mortgage Tsunami hit in 2008. We all were holding our breath waiting for the “stuff” to hit the fan when everyone’s mortgage payment skyrocketed at rate adjustment time.
That was then … this is now … and we can all relax
Turns out that this darn Recession has driven interest rates so low that the ARM adjustments are going to result in LOWER payment.
Commercial Property Market Update Interview with Monte Lee-Wen
November 6th, 2008 Dike Drummond Posted in Commercial Financing, Commercial Real Estate Investing, Interest Rates, MultiFamily, The Economy No Comments »
Here is our latest interview with Monte Lee-Wen on the day after the elections with an update on the Commercial Property Markets as the Credit Crunch does its best to mellow out and start lending money again.
We cover …
- How to get a loan in this market
- Why Sellers are becoming more flexible and CAP Rates are rising
- How to discuss an Owner Carry with the Seller … to get the deal done
- Why we feel the Perfect Storm is brewing in Multifamily
- Why we feel late first quarter or early second quarter of 2009 will produce a new burst of property sales on the Commercial Markets
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