Posted on Wednesday, 25th August 2010 by bob781
Today’s WSJ headlines and even the Toledo Blade are screaming the news of a 27% drop in home sales for the month of July as compared to June. Why the sudden drop? For one the $8,000 tax credit has finally expired after being renewed several times. In fact, the economy is having multiple train wrecks [...]
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Posted on Friday, 20th August 2010 by bob781
Attention Commercial Real Estate Owners:
Is Your Market Value Lower Than Your Tax Value?
Now is the time to have a checkup to see whether your property value is lagging behind the assessor’s tax value. Why? It is because commercial real estate has suffered from the same maladies as the rest of the economy, persistent unemployment and [...]
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Posted on Monday, 17th May 2010 by bob781
Hot Greece Boiling
Over
For months now Greece has been in financial turmoil. Why? It’s because they have so much debt they can no longer make their
payments. In 2009, they elected a
Socialist government which embarked on a big-time spending program. I love European governments. They call their parties liberal,
conservative, socialist, communist, whatever they are. In the U.S. we [...]
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Posted on Wednesday, 31st March 2010 by bob781
What Are The Economists Telling Us?
This is where emotions come face to face with reality. The economists actually count the tea leaves. The rest of us know what we feel from 10% unemployment, from a sagging residential real estate market and a collapse in many sectors of commercial real estate. Stuart Hoffman, PNC Chief Economist [...]
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Posted on Friday, 20th November 2009 by bob781
Toledo Blade Sees Tough Sledding Ahead
Front Page, The Blade, November 7, 2009, reported that the
national unemployment rate of 10.2% has not been as high since 1983. (The truth is that in 1983, unemployment
started the year at 10.4% and ended it at 8.3%.
The Fed Chief was Paul Volcker who had the job of tamping down
out-of-control inflation. [...]
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