Last week, I wrote about rule 157 of the Sarbanes-Oxley Act (SOX) and how it plays a significant role in what our nation’s best lenders are writing off as losses today. Now, I’d like to finish up with what I think is the best solution to this problem.
To recap last week’s post, SOX was [...]
This morning I read an article on CNBC that really piqued my interest, and I set out on a mission to determine just what it meant to my clients and myself who own properties throughout the Portland & Vancouver areas. The article had to do with the recently completed Negative Equity Data Report by real [...]
Read full post...This is going to be one of my longest blog posts ever, but I think it’s critical that we understand what’s going on in our markets today so we can appropriately devise a long-term solution. We “solved” this problem once before in 2002, and made it only five years to the next bear market.
Following the [...]
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