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Difficult economic equations: Do the math Premium Content

By Lou Barnes, Friday, July 31, 2009.
Flickr photo by <a href="http://www.flickr.com/photos/sloth_rider/392367929/" target=blank>.A.A.</a>.

Interest rates are a hair lower at week's end, more in relief that another massive Treasury borrowing -- $109 billion in term debt alone -- came off without injuries.

However, long-term Treasury rates have been elevated since May, pushing mortgages to 5.5 percent, past the edge of refinance demand, and near the limit of buyer demand. The economy is living on government spending, in today's report up 5.6 percent in the second quarter, but consumer spending falling faster than GDP, -1.2 percent vs. -1 percent.  more...

Second-guessing the purchase offer

By Tara-Nicholle Nelson, Friday, July 31, 2009.

Q: I just made an offer on a bank-owned house. The bank's asking price was $125,000, and I offered $120,000. I keep kicking myself, wondering whether that offer was too high. Was it?

A: I'm going to do some of my law school and philosophy professors proud, and disappoint others severely, by answering your question with a question: What do you mean by "too high"?  more...

A visit to Fadsville

By Arrol Gellner, Friday, July 31, 2009.

The other day I was rummaging through a local architectural salvage yard when, way out in one corner, past the rows of forlorn toilets and racks sagging with old sinks, I came across a depressing sight. It was a literal mountain of fancy whirlpool tubs, each of which some home-buying couple had once considered absolutely indispensable to their master bathroom. In reality, these tubs had been unused, unloved, and finally ripped out and given away. And here they were, a moldering monument to a silly but ubiquitous fad that's still with us today.

Dubious building fads are certainly nothing new. In tract houses of the 1920s, for instance, a separate breakfast room was deemed a must, even if many of them were barely big enough to fit a table, let alone four chairs. Upscale ranch houses of the 1950s, on the other hand, frequently boasted an indoor barbecue, a patently impractical feature that was almost immediately covered over to net more counter space.  more...

Rodents do number on home's insulation

By Paul Bianchina, Friday, July 31, 2009.

Q: I have some kind of rodent digging up small mounds of dirt in my yard, but now they are under my house pulling the insulation off from over their little heads and urinating in the soil (after having come up under the plastic tarp and tearing holes in that). I can smell an odor coming up through the bathroom heater vent. Orkin says they don't do that kind of pest. What can I do? Thanks again for all you do to help us!

A: What you need is an exterminator that works with small rodents, so I would suggest you call someone other than Orkin. There are a number of different approaches ranging from poisons to live traps that any good exterminator should be able to help you out with.  more...

Tenant uses job loss to break lease

By Robert Griswold, Friday, July 31, 2009.

Q: Our tenant broke our one-year lease after six months. He has written me a letter claiming he is not responsible for the remaining six months of rent because he had to move after losing his job.

We understand that landlords have an obligation to minimize the loss of rent, but the rental market here is very slow and there is hardly any demand. In the past we have just put up a small sign and we would receive dozens of calls. Not this time. So we have even hired a top local real estate firm to list and show the rental unit, but after 60 days we still have no qualified applicants.  more...

Own a vacant home? Take precautions

By Steve Bergsman, Friday, July 31, 2009.
Flickr photo by <a href="http://www.flickr.com/photos/edkohler/2923277466/in/photostream/">edkohler</a>.

The street where I live in Mesa, Ariz., is probably very similar to most residential roadways in every other suburban community in America. It's home to about 20 families plus at least one house that stands abandoned by all who once loved it.

Yes, my street has an abandoned property, and I suppose we were lucky because it happened very quickly after the onset of this country's economic mess.

Things went bad from the start, but the bank, which now owns the property, was able to stabilize the situation before it ended up with too many properties to worry about -- thousands of abandoned homes in its collection have since gone from bad to blight.  more...

Mobile tagging is not a crime Premium Content

By Joseph Ferrara, Friday, July 31, 2009.
Flickr image by <a href="http://www.flickr.com/photos/livenature/233281535/">Franco Folini</a>.

Thanks to the phenomenal growth of the iPhone and BlackBerry, and their growing menu of apps, more and more consumers are using their smartphones to interact with the Web. How will future marketers reach these consumers through their mobile devices? Enter the QR code.

A QR code ("Quick Response") a type of barcode that can be "read" by camera-equipped smartphones (the process is a bit like the checkout process in scanning UPC codes at your local supermarket).  more...

 
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