Posts

Insanely WRONG CATASTROPHIC Predictions

Surprisingly, I got more positive feedback from this recent blog, Insanely WRONG Predictions, than from almost any other I wrote this year. That prompted me to write another blog along the same vein – but to instead focus on all the insanely wrong catastrophes that have been predicted in my lifetime (and that frankly scared […]Read More

Housing Market – Not All Rosy; Bumps & Volatility

TOO OPTIMISTIC ABOUT HOUSING? “Stick to mortgages, Jay!” I touted the strength of the housing market numerous times over the last several months, and both borrowers and agents told me they thought I was too optimistic in light of all the pandemic news. One borrower told me to “stick to mortgages and leave the economic […]Read More

Elephant In Room: Housing Prices; HELOCs Too

Chase stopped accepting applications for home equity lines of credit (HELOCs). I mentioned this previously, but in 2008, HELOC lenders not only stopped taking applications but they also froze existing HELOCs. Given the trends, HELOC borrowers in need of cash might consider drawing on their HELOCs now before they are frozen (as I mentioned in a […]Read More