Your Pensacola Mortgage Authority
November 24, 2008 at 2:18 pm · Filed under Credit Crisis
Here we go again…The next company too big to fail puts their hat out for some tax payer love.
The more I hear the term “bailout”, the less I believe it is the right thing to do. Probably the one that I have the biggest problem with at this point is the auto industry. I know that there are millions of jobs associated with the auto industry. And I know that a collapse of any one of the big 3 US auto makers would have a devastating affect on the economy. But, has anyone noticed that Toyota and Honda are expanding?
Hmm…Some auto manufacturers are actually expanding and creating new jobs, while the US auto makers are completly crippled by expenses and technology issues. I also discovered that the average wage for GM was $73 per hour, while the same worker at Toyota is making about $44 per hour. I am no economist, but it looks like the company that makes a better product and can sell it cheaper deserves to beat out the competition.
So, that brings us back to Citi. The term “too big to fail” is complete BS to me. If you are providing a quality service, with an appropriate amount of risk, in a market where consumers need or want your product….you won’t fail (regardless of how big you are). The more we keep throwing money at these companies to subsidize their failure, the more it is going to come back around to bite us (or our grandchildren) in the end. And worse yet, the more we do it, the more everyone becomes numb to the idea of it.
Anyway, that’s my soapbox for the day. If you would like to discuss your own mortgage bailout, give me a call at 850-221-8334, or visit SteveRussellOnline.com.
If you like this, please share:
November 20, 2008 at 10:58 am · Filed under Contact Me, Did You Know?, Pensacola, Perdido Key
For months now I have heard the “buzz” about Twitter.com and its ability to micro blog whatever you are doing at any given time. I of course didn’t see the point. But, since it is free, I went ahead and signed up for an account about 9 months ago, and proceeded to do absolutely nothing with it.
Now, after getting asked repeatedly about twitter, and after getting my first confirmed real estate lead from there, I have had my light bulb moment. If someone is following me on twitter, they know that I am a mortgage banker. And, they will also get to see everytime I update something on my profile such as a new blog post, or today’s mortgage rates, or what the neighbor’s cat is doing in my yard.
The concept of Twitter is so simple, that I truly didn’t get why you would even bother, until recently. I am by no means a “twitter-holic”, but I an trying to more frequently update what is going on with me for those interested in me or mortgages or real estate or all of the above.
You can follow me on Twitter by clicking the Twitter icon on the right side of this screen.
For your daily mortgage rates, go to SteveRussellOnline.com, or call me at 850-221-8334.
If you like this, please share:
November 19, 2008 at 10:49 am · Filed under Purple Parrot
For those unfamiliar with the Pensacola area, it is a hidden gem nestled on the Emerald Coast in the Panhandle of Florida. Half way between Mobile, AL and Destin, FL, Pensacola is a relatively quiet little town with some of the best real estate deals available in the state.
As featured in a recent USA Today article, this little slice of paradise that I call home has seen trouble from hurricanes and the economy, but remains strong in the face of adversity. As we continue to locate a bottom in the housing market nationwide, the deals here are already jaw dropping, and gaining the attention of investors all over the country.
One project in particular that I have gotten many calls on lately is the Purple Parrot Condominium project on Perdido Key. Perdido Key is about 15 miles southwest of downtown Pensacola. Being an island, only connected to the mainland by bridges on either side, this tropical oasis makes you feel as though you are in the laid back lifestyle of a caribean island.
The Purple Parrot is unique in many ways, but what really turns heads is the price. For less than $100,000, you can buy a 1 bedroom bungalow, walking distance from the beach, that is reminisant of Key West. (For those familiar with Key West, you can not buy a walk in closet there for that price)
For information and pictures of units available, visit www.SteveOnTheKey.com to check out available listings. Or, call me at 850-221-8334 for your mortgage related questions and to get pre-approved to purchase.
Pensacola Mortgage
If you like this, please share:
« Previous entries ·
Next entries »
