They’re still building new homes in Las Vegas? The ground zero of the empty homes and foreclosure market? It’s a huge bet. But, then again, it is Las Vegas. There’s also a sort of perverted logic to building new homes away from all the empty rotting homes. File under: Build it and they will come

Mothers Against Debt is a group of concerned mothers who are fed up with reckless government spending and massive national debt. File Under: Fiscal child abuse.

Mo Vaughn is a big hit in the Big Apple for buying up run-down residential properties and cleaning them up. It’s a highly laudable venture. But what’s up with Mo dissing Boston? From the ex-Sox slugger: I always felt – it’s like coming to New York to play, you’ve got to play well in New [...]

The Wall Street Journal has a news article on how Detroit wrecking crews are preparing to tear down the boyhood home of one-time presidential candidate and former Massachusetts Gov. Mitt Romney. Detroit is losing a small piece of its history. But the project is part of a demolition effort that is just now gaining momentum [...]

A humourous look at how our government loans out money. The Daily Show With Jon Stewart Mon – Thurs 11p / 10c

The Washington Post has an interesting article entitled: Applying for mortgage? Starting June 1, you could face another credit screening. Basically, the article states, if you’re thinking about applying for a home mortgage, beginning June 1, your lender is likely to order a second full credit screening immediately before your closing. The reason: Mortgage lenders [...]

A blog reader sent me an email and asked: How do you calculate the Boston condo absorbtion rate? I calculate absorption rates in terms of Boston condos sold per month. Here’s an example; Boston absorption rate for the number of condos sold from 5/14/09 – 5/14/10, which is 3,949, divided by the months in a [...]

Universal Hub has an interesting blog post today entitled: If you buy a condo in a project built in phases, you better pay really close attention to the master deed. Here are excerpts from the Universal Hub blog: The Supreme Judicial Court today ruled today that condo developments do not have to obey a state [...]

According to a recent news article, condo developers will be seeing  much tighter lending standards for FHA loans: To get FHA approval, condo projects must have at least a 50 percent owner occupancy rate and no more than a 15 percent delinquency rate on condo fees. The regulations also prohibit developers from renting out any units [...]

The Field of Dreams baseball diamond which is in the middle of a cornfield will be up for sale. The listing will include:  the baseball diamond, a two bedroom house, six outbuildings and a 193-acre parcel of land. Click on the link below for the reported price and a video clip of the owners. http://www.kcrg.com/news/local/93729504.html