Steadfast Finances

 Real Estate, Vulture Investing         3 comments

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Several readers have emailed me over the past few weeks asking my opinion on the current state of the real estate market after my post on mark-to-market accounting practices.
The gist of these questions went something like this:
Is now the time to buy a house?
Have we hit a bottom in the …

 Financial Planning, Mortgages, Vulture Investing         1 comment

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If you’re like most people, you’ve probably heard a new financial phrase in the news called “mark-to-market accounting” and wondering just what it’s all about.
Mark-to-market is really nothing but a pseudo confusing accounting practice that says you should price your goods at prices the market is willing to pay for them.
Meaning, you take an asset like your …