Posts Categorized: News

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Barack Obama’s House

Barack Obama’s house at 5046 S. Greenwood in the historic Kenwood district of Chicago can be found on the MLS system. Built in 1910 and sitting on a 70 x 150 foot lot on the west side of the street, this 3 story Georgian home has 14 total rooms, 6 bedrooms, and 5 1/2 baths… Read more

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Stabilized Home Prices The Last Thing We Need

I think Mick Jagger might actually know a bit more about the housing market than our politicians. In case you can’t already see where this is going let me spell it out for you: “You can’t always get what you want but if you try sometimes you just might find you get what you need.”… Read more

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America Not So Wise After All

I think I spoke too soon when I extolled the wisdom of the American people last week. Despite having improved upon the Paulson plan they shot it down yesterday. They called and wrote to their congressmen to express their outrage and their congressmen, afraid they would have to get real jobs after the November elections,… Read more

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The Wisdom of America

I never thought I would find myself saying this but I actually think that Americans and congress have just demonstrated their intelligence in their reaction to the proposed $700 billion mortgage bailout plan. Maybe it’s just another example of “The Wisdom of Crowds” – the fact that a group of people can arrive at better… Read more

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And The Stock Market Says…

…Happy Days Are Here Again. Well, that might be a bit of an overstatement but not by much. In reaction to the Fannie and Freddie takeovers bank stocks were up today and so were homebuilders. In fact, Toll Brothers (luxury homebuilder) was up 9.4%, reaching its highest level in more than a year. The reason… Read more