The Blog of Author Mark MacKenzie: It's The Housing Market, Stupid!

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Real Estate Broker/Owner

ARCHIVED BLOG POSTS

2008 

If you are wondering why despite all of the measures that the Fed and the Treasury have taken to stimulate the economy and the housing market are not working it is because they are all monetary policies.  And right now, the monetary system is broken. The perfect example of this is what happened o...
10/15/2008
As I always do when I talk about politics, I'll go ahead and make my disclosure, I am a Republican.  This is not a partisan post.  It just so happens that I am disapointed with whom my party nominated. John McCain announced today his $52.5 billion economic plan. If you are wondering why he has be...
10/14/2008
Interesting times. Yesterday on CNBC Donald Trump said of the Government's plan to buy equity stakes in banks, "Feels like socialism, but I like it." The latest intervention is what happens when the Government is slow to identify that there is indeed a problem, slow to react to the problem, and i...
10/14/2008
"Real estate is going out of business!" Have you seen this headline yet on CNN? Me neither. And we won't. Consider this when deciding where to invest your money and trying to determine what is a safe investment: No matter what happens, people are not going to be sleeping in the streets. Real esta...
10/13/2008
Is it me or has Congress, The Fed, and the Treasury been running around for the past couple of months playing whac-a-mole with the banking and financial system? Bailout this company, help this one merge, let this one fall, pass a worthless $150b stimulus plan with rebate checks (that everybody ex...
10/12/2008
I have always believed that the person with the most options wins. Maybe that sounds overly simplistic, but if somebody only has one choice as to where to invest their money and somebody else has two options - who do you think is going to make the more profitable investments? A lot of people don'...
10/11/2008
For the record, I am a Republican.  This is not a partisan post, but rather an example of how out of touch the President is with the issues facing our economy. In his speech today the President acknowledged that the issue with the housing market is that the supply of homes exceeds the demand: "Th...
10/10/2008
The past two weeks has had a lot of people rethinking their investments. What they thought was safe, isn't. And what they thought was risky, may not be. You may have already heard about the lost decade for the Dow Jones.  Or how it took over 20 years for the market to rebound from the highs prior...
10/09/2008
CNN is reporting that the state of California may need a $7b loan from the fed in order to meet payroll and other financial obligations for the month of October.  And California is not the only state that is in this position. These are signifcant problems that we are facing that are not going to ...
10/03/2008
So Congress passed the economic intervention/bailout bill this afternoon. It is a start, but we have a long ways to go before the economy begins to turn around. This bill will hopefully prevent an economic catastrophe, but we still need to address the supply and demand imbalance within the real e...
10/03/2008
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