In January, a record 4 million people are expected to gather in Washington, DC to take part in the Inauguration celebration. Hotels near the area sold out nearly the day after Obama was elected. Luckily, where traditional lodging failed, Craigslist saved the day. People all around Washington, DC (and I mean all around, [...]
Continue Reading →On one of many flights this week I was asked the question, “what would you do with the $700 billion of bailout money?” Not an easy question to answer and there has been lots of arm chair quarterbacking on the topic. I’m hardly an expert on financial policy, but in short this was [...]
Continue Reading →The wild stock market run of the 90’s and the more recent boom in the housing market share a similar property: irrational exuberance. In his book “Irrational Exuberance”, Yale Economics Professor Robert Shiller describes the phenomenon “as a situation in which news of price increases spurs investor enthusiasm, which spreads by psychological contagion [...]
Continue Reading →What’s so special about Cumberland, MD-WV? This energetic, small town is one of a select number of cities around the country that appears to be weathering the housing storm. While in many metropolitan areas housing prices are either stabilizing or are on a downward spiral, Cumberland’s market continues to climb. One indicator of prices, [...]
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