Wall Street Journal

Squish Happens

Most people believe bubbles “burst”.  When people talk about the decline of tech stock values at the turn of the century, they say “the tech bubble burst”.  Of course, lately it’s all about the “real estate bubble” bursting.  Over the last two years, The Real Estate Guys™ have taken some criticism over one of our …

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Don’t Be So Negative! Just Change Your Perspective

If you’re left brained (logical), we probably already lost you at the headline.  But this isn’t a blog on positive thinking (not that we have anything against that).  We’re talking about negative equity and how it gets measured.  More importantly, where are the opportunities? Just before Thanksgiving, the Wall Street Journal ran a headline that …

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Reality or Mirage?

Today’s Wall Street Journal reports that MGM Mirage is cutting the price of  the condominiums in its spectacular City Center project in Las Vegas, Nevada.  How big a cut?  Thirty percent!  We’re not sure what their margin is, but that’s probably all of it and then some. Ouch. Worse, it’s probably still not enough. But …

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