Economy
Because the ranks of the world’s millionaires rose by 12%, for a second year, according to research at Boston Consulting Group as reported in Bloomberg: “The number of millionaire households increased to about 12.5 million, the Boston-based firm said in a study released today. Singapore millionaires rose by almost 33 percent after jumping about 40…
This is what’s happening in real estate: the rich are getting richer and buying up trophy properties, sky’s the limit. The rest of us can eat cake. Case in point: 3820 Gillon Avenue, owned by Randall and Olamaie Fojtasek, a former partner at Hicks Muse who co-founded the private equity firm Brazos Partners. The Fojtaseks…
This is one of those little technical nuggets that illustrates how Washington is stealthily destroying the housing market. The feds are scratching their heads, trying to come up with a way to keep banks from jacking around with mortgages and selling bad loans off in tranches as securities, and that’s a good thing. One of…
For the first time in more than THREE YEARS, foreclosures are diminishing in Dallas Fort Worth. George Roddy Sr. of Foreclosure Listing Service, Inc. reports some good news preceding the spring market: Dallas Fort Worth residential foreclosure postings have dropped to a 40-month low. Roddy says that for the upcoming auctions on May 3, only…
