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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
How Housing Rescue Bill Can Help You
Airpark at heart of Scottsdale's redevelopment
from the East Valley Tribune, reports that city economic vitality director Harold Stewart said, "We are on the front edge of a reinvestment cycle for the airpark." According to Stewart, the airpark is one of the top three employment centers in the Valley - downtown Phoenix and Phoenix Sky Harbor International Airport being the other two. Stewart said airpark businesses employ about 50,000 people, with up to 10,000 more expected in next five to 10 years. City officials are working on a Greater Airpark Community Area Plan based on input from residents and businesses that will govern the district's growth. The airpark plan is one of six neighborhood plans that will be incorporated into the city's general plan update in 2011. John Lusardi, Scottsdale's long-range planning director said, "It sets goals and polices for how the greater airpark should develop over the next 20 years."
How housing rescue bill can help you
from CNNMoney.com, reports that on Wednesday, the House passed a $300 billion housing rescue bill aimed at helping troubled homeowners avoid foreclosure and supporting mortgage giants Fannie Mae and Freddie Mac. If the bill is now passed by the Senate and signed by President Bush, thousands of at-risk borrowers will be able to refinance their unaffordable old mortgages into new low-cost fixed-rate loans insured by the Federal Housing Administration (FHA). In order to qualify, borrowers must live in their homes and have loans that were issued between January 2005 and June 2007. Also, they must be spending at least 40% of their gross monthly income on all household debt to be eligible for the program.
OFHEO Home Price Index Drops 0.3%
“Office of Federal Housing Enterprise Oversight's monthly House Price Index: U.S. home prices fell 0.3% on a seasonally-adjusted basis from April-May. The decline was less than half the 0.8% drop between March-April but brings the total drop for the 12 months ending in May to 4.8%. Since the April 2007 peak, prices have fallen 4.9%. The OFHEO monthly index, because it is calculated using purchase prices of houses backing mortgages that have been sold to or guaranteed by Fannie Mae or Freddie Mac, currently excludes the higher end of the housing market and thus does not reflect homes purchased with jumbo mortgages or cash. It thus considerably understates home prices compared to the NAR and S&P/Case-Shiller Home Price Indices.” (Big Builder Online, July 22nd)
Thursday PM Linkage:
· OMG: Bush signed the housing bill, it passed [NYT]
· 'Bucks Rants: Down with Fulton/Masonic Starbucks [Eater SF]
· The Chron wears Prada, too [SF Gate]
· Meme at 7th and Howard: "albums that make you happy" [SFist]
- Canslim.net Morning Comment And Links (for Traders)
- Stocks Fail To Turn Up; Sec's Shorting Ban On Financial Shares Expires
- Nasdaq Technical Picture - Fresh Multi-year Lows
- Your Homes Are Better Than Your Paper
- What Does The Market Meltdown Mean To You?
- October 2008
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- Millionaire Now!
- The 7 Steps to Millionaire Now!
- Build Your Financial Plan
- RETIRE RICH: Survival Guide
- ASSET ALLOCATION MODEL
- THE BIG ROLLOVER IS HERE
- THE END OF THE GRAND SUPERCYCLE?
- Trader X
- Real Estate Marketing Blog
- Alpha Trends
- Finance Professor
- Random Roger's Big Picture
- The Boston Condo Blog
Made several great trades today. Traded the QID, QQ [read more]
When I first started Day Trading I traded anything that [read more]
Today we have the Fed speaking and release of Fed mi [read more]
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