Monthly Archives: June 2008

Screw It – Because Fear Sucks

Posted on June 30, 2008 by Dennis Fassett

I think that we’d all agree that the last couple of weeks have been brutal ones for our various markets: the stock market closed Friday at 2004 levels, Oil is at an all-time high, and the real estate market here … Continue reading →

Posted in Life | 3 Comments

These Market Returns Suck

Posted on June 24, 2008 by Dennis Fassett

Captain Obvious reporting. I was reading the Wall Street Journal yesterday and saw how bad things are right now in terms of available returns on investment. You can tell the bad news by just reading the headlines and some of … Continue reading →

Posted in Real Estate | 3 Comments

The Credit Crunch is Hurting Commercial Real Estate

Posted on June 19, 2008 by Dennis Fassett

Thomson financial published a good article** on this this morning. Commercial real estate is (and has been) dead here in southeastern Michigan now for a while, except for apartments, which keep going strong. I’m seeing low vacancies, strong rental demand, and healthy … Continue reading →

Posted in Real Estate | 2 Comments

The Journey is THE Thing

Posted on June 18, 2008 by Dennis Fassett

Call it blinding flash of the obvious number, what? 87 or 88 for me at least? But after spending the last 25 years or so always looking out toward the future, I figured out a couple of weeks ago that … Continue reading →

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The Sins of the Past – And the Death of Real Estate

Posted on June 11, 2008 by Dennis Fassett

When I first began this blog ten months or so ago I began writing about the irresponsible action that the federal reserve was taking to prop up the American stock markets.   My point was that in the past, when … Continue reading →

Posted in Real Estate | 1 Comment

The Building – Part III: The Endless Inspection

Posted on June 9, 2008 by Dennis Fassett

In the seemingly never ending interim time between the beginning and the end of the commitment letter process, the owner of the building and I finally agreed that it was time for me to do my physical inspection. It would … Continue reading →

Posted in Apartment Quest | 1 Comment

Unbelievable – The Mainstream Media Now Says that Renting Is a Good Thing?

Posted on June 7, 2008 by Dennis Fassett

What is it with these people? Do they not have any core values at all? First they spend years telling everyone that home ownership is the only way to go. Then when the housing market hits the skids they’re now … Continue reading →

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Can you REALLY Make an 8% Fixed, and Fully Secured Return on Your Money?

Posted on June 6, 2008 by Dennis Fassett

The answer is absolutely YES. How? Start by taking a look at the short, 1 minute video below. It shows the next home that I’m looking to add to my portfolio of long-term rental properties. It’s an all brick, 3 … Continue reading →

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Priceless!

Posted on June 5, 2008 by Dennis Fassett

1 Pittsburgh Penguins jersey size XXL:     $  200 1 set of custom goaltending equipment:  $2,500 1 pair of custom fit goaltender skates:     $  500 Knocking in the Stanley Cup winning goal for the other team with your butt:  Priceless! Here’s the video:

Posted in Life | 1 Comment

The News Keeps Getting Worse – Which Means There Has Never Been a Better Time to Get Started Buying.

Posted on June 5, 2008 by Dennis Fassett

This result was not unexpected – there was supposed to be the last huge number or ARMs readjust in March. What’s surprising is that this time last year the pundits and analysts were talking about the real estate market taking a bath … Continue reading →

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