“The term hails from a legend that Siamese royalty gave albino elephants — revered but financially ruinous to maintain — to unpleasant courtiers. Today, the financial burden of carrying an overly big, overly unique manse is being shared by many wealthy owners, who are finding out the hard way that not everyone is willing to [...]
Entries from October 2008
What does “white elephant” mean in real estate?
October 31st, 2008 · No Comments
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Irony in Nevada
October 31st, 2008 · 1 Comment
According to The Wall Street Journal, despite most of the state’s population living in the desert, “Nevada Has Highest Percentage of ‘Under Water’ Households”
Nevada leads the U.S. in the proportion of households whose mortgage debt exceeds the current estimated value of their homes, a condition known as being “under water.”
Many Americans are under water because [...]
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GUARANTEED 7.2% After-Tax Rate of Return on Your Money !!!
October 8th, 2008 · 4 Comments
When deciding how to invest your money, consider both offense (investment earnings – dollars going into your pocket) and defense (dollars going out of your pocket – spending & expenses).
The key here is to look at the defensive side and eliminate a hefty expense.
Let’s say you have a checking account with a $6 monthly fee [...]
Tags: financial affairs