This week in celebrity real estate, serial flipper Diane Keaton bought a move-in ready home, Merv Griffin's estate took a price cut and Patty Duke's former home hit the market. Diane Keaton buys newer Pacific Palisades home for $5.
In our Money Mic series, we hand over the podium to people with controversial views about money. Today, a certified financial planner shares how she bought a home when she was just 21—and why she now considers it a financial mistake.
We all know that the best way to make money grow is to invest — but the stock market can be a scary, unpredictable beast to those who don’t have experience with it. That’s why many choose to invest in real estate — whether it’s for your own home’s equity, buying homes to flip them, or generating rental income.
Real estate, and the careers that depend upon it, is a boom-bust business in the age of inflation. The illusion of wealth is everywhere..until it is snatched away.
That’s why it’s a great time for David Mamet’s Pulitzer Prize winning “Glengarry Glen Ross” to make its third appearance on the Broadway stage. It’s a show about Chicago real estate salesmen selling Florida properties through deception and intimidation.
Explaining the recent selloff in Spanish bonds is easy: The bond market has finally come to grips with the idea there is no solution for Spain's massive structural problems. Here is a trio of articles to show what I mean.
Spanish Banks Stuck ‘Unsellable’ Real Estate, 50% of Real Estate Loans are Troubled
Bloomberg reports Spanish Banks Have $41B of ‘Unsellable’ Real Estate
Shareholder Watchdog submits:We recently pointed out our belief that a speculative bubble had formed in small cap E&P stocks. We now believe the same speculative capital is chasing small cap distressed banks.Examples can be seen with the stocks of Dearborn Bancorp (DEAR), Banner (BANR), and Preferred Bank (PFBC). Possibly the most mind boggling example is Pacific Capital (PCBC).