My first job out of college was this a consumer finance company. We would make small loans to consumers at incredibly high interest rates, but I justified it as if I was actually helping people. I was a young, naïve kid and I should have known better. The interest rates we were charging sometimes approached 39%, but more important than the rate was how the interest was calculated.
The Precomputed Interest Abyss Read More »
It has been told that King Solomon charged one of his servants to find a ring that would make a happy person sad when they wore it and, if a sad person wore it, they would become happier. When the servant told the wise king that he could find no such ring, King Solomon commissioned a jeweler to inscribe a ring with the saying “This too shall pass.”
The Lesson of the Ring Read More »
I periodically peruse industry blogs to catch up on what is going on in the real estate and nonperforming loan fields. Most of the posts I see are uninteresting or they are just downright stupid. Sometimes, I see a post that is not only stupid, but it makes me think. One in particular that stuck out was a question that I see pop up from time to time, “Is it me or (do) most of these realtors (stink) at their job?” Two things come to mind when I read the question. Many, if not most realtors do not really bring value, but more importantly, are you the right customer for a good realtor?
The real estate loan industry seems to be in turmoil at the present time. Buyers and sellers alike are struggling to make sense of a seemingly changing world. Buyers are concerned about the future of their jobs while sellers have grave concerns about the lack of buyers that are out looking for properties during the pandemic. Our real estate practice is seeing fewer buyers that are actively searching, but the ones that are searching are very serious about buying.
Certainty in an Uncertain World Read More »
