Good News to Texas. 

WASHINGTON (Forbes) – Several Texas cities are poised for a quick recovery from the national recession, according to Forbes.

Austin–Round Rock ranked first on the magazine’s recent list of ten cities most likely to bounce back quickly.

Meanwhile, San Antonio ranked fifth, Dallas–Fort Worth–Arlington seventh and McAllen-Edinburg-Mission ninth.

To compile its list, Forbes looked at estimates from Moody's Economy.com of the projected gross domestic product of metropolitan areas across the United States, as well as unemployment figures from the Bureau of Labor Statistics and home prices, incomes and affordability data from the National Association of Home Builders.

Forbes also put together a list of ten worst cities for recession recovery. Texas was not on this list, isn't that great.

Tags: Several Texas cities are poised for

This is great information for Texas. Read the information I grab from RECON.
AUSTIN (Austin Business Journal) – Governor Perry signed legislation yesterday that will protect Texas landowners from eminent domain.

If approved by voters in November, House Joint Resolution 14 will establish greater protections for property owners by including landowner rights in the Texas Constitution.

"Land ownership is an essential part of Texas' culture, and we owe it to our citizens to protect their rights as landowners and members of the community from government entities that overstep their bounds and abuse eminent domain," Perry said.

The resolution will require two-thirds of all house members to approve any request granting eminent domain authority to a party.

The bill will also prevent government entities from labeling a neighborhood as “blighted” without taking into account each individual property.

Tags: real estate legislation texas lando

Hi everyone,

What do you all think about this crazy market and now the flu. Things can't get any better.

Now people in Central Texas are talking about moving back north since Mexico is next door to Texas and now there is one death in Texas.

People are looking to get out and don't know what to do. Prices are dropping in the real estate realm.

A commercial property that is appraise at 900k. I have it under contract for 200k. Can't get better then that.

Please give your inputs in how is it going in your local city or state.

Tags: Business | Financial | Real Estate | local | Economy

Hello everyone!

I just wanted to introduce myself. I am a currently a college student in St. Louis, Missouri. I have had a passion for real estate from a young age. With the current market being a buyer's market, I figure the time is now to start on my real estate journey.

My partner, Greg Brown, and I have come up with $20,000 cash to put down on our first property somewhere in St Louis. And with any luck, we will turn that $20,000 into much more.

Knowledge is power. We would love it if anyone could give us any advice or tips that they feel would be useful to helping us on this journey. Or, if you are in the St Louis area and would be willing to have us take you out for dinner to discuss the market - that would be great!

Lastly, we are looking into incorporating or creating an LCC. We are not sure which route just yet - any advice?

Thank you in advance!

Billy Wenner

Tags:

Hi, I am new to this page and to blogging. I really like what I see so far. I am very interested in learning to get out of the rat race and know that I cannot do it without other peoples help. Hope that this site will help me to get started. I am looking to meet some of you at the event next Friday.

luna

Tags: Other

You're the chief financial officer of a multimillion dollar company.  You report that earnings have been solid, despite the economic decline, and determine that, unless spent soon, you're going to incur significant tax burdens.  The CEO asks, "Where's the safest place we can put the money, even in today's market?"  Your answer, "United States Treasury Bills."  AKA, T-Bills.

 

Here's how this works.

 

Tags: Economy | Investing | Financial

I found this article over at Bloomberg.com to have some pretty good information summarizing recent political steps regarding the economy, the bailouts and the auto industry.

 

President-elect Obama made a statement about his plans to forge a huge infrastructural investment strategy to help curb the economic crisis starting sometime next year.  Other than that the program is going to be a sizable, there are not enough details to determine what effects this will have on both the short term and long term time scales.  What one can rely on is that there are going to be plenty of entrepreneurial opportunities for companies to help with the process.  This correlates with my own experience talking with investors and entrepreneurs who survived the S&L crisis.

 

Tags: Economy | Financial | Current Events | Real Estate

I don't know Henry Paulson.  Is he a decent guy, trying to do the right thing in difficult times?  Probably.  Is it just a coincidence that, as a former Goldman Sachs executive, he oversaw the demise of three of Goldman's biggest competitors, Lehman Brothers, Merrill Lynch and Bear Stearns, while Goldman lives on?  Probably.  Is it relevant that the vast majority of his wealth is held in Goldman Sachs stocks?  Probably not.  But there is no mistaking that the actions that led to him being dubbed "Mr. Risk" is a strong indicator that his philosophy of extensive leverage is part and parcel of the current crisis facing the financial institutions.

We're facing a unique problem in that those who are advocating extreme measures of government intervention in this crisis are doing so not because they necessarily want a socialized economy, but are acting in order to preserve a free market.  In this article from CNN, Paulson himself admits to such a way of thinking.  His rationale is that government intervention is necessary now because it wasn't implemented earlier.  Meaning, the current businesses needing a bailout need it because they are too big to fail and that the government should have come in and prevented them from ever being too big in the first place.

Tags: Current Events | Economy | Financial

Although this article from CNN seems to want to talk about retirement, what it really underscores is the philosophy the modern American adopts towards investing.  And what is the generalized American investment strategy?  It goes like this; don't take risks, save, and keep equity in your house.

 

The problem I see here is that this strategy is only being compared to its antithesis of taking risks, not saving and destroying the equity in your home.  Yes, compared to that strategy, it is far superior.

Tags: Real Estate | Financial | Economy | Investing

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Tags: Financial | Economy | Investing