Consumer Focused Carnival of Real Estate

By Dan Melson on May 7, 2008 7:00 AM | Permalink | Comments (0)

May 7, 2008

I'm a lot less happy about this one than the one two weeks ago. On the one hand, nothing that came in was so obviously inappropriate that I had to ridicule it in the SPAM section. On the other hand, only four entries came in where the information they contained actually outweighed the nonsense and just plain bad information, and several were link chumming. This is pathetic.

The guidelines for this carnival.

As always, I arranged the entries that met guidelines into three levels, based upon originality, usefulness to the consumer, and how much thought and effort and research went into an entry.

STRONGLY RECOMMENDED

There were no strongly recommended entries this time.

**********

RECOMMENDED

Tallahassee Real Estate Blog The "No Brainer" Investment. I do question some of the numbers and assumptions, and they just wouldn't work in many areas of the country, but it's a worthwhile idea.

Why Buyers Should Avoid Short Sales

**********

MET GUIDELINES

50 Year Mortgages - A Compound Interest Nightmare. I agree about the fifty year mortgage, However, sacrificing other investments to pay the property off in 15 years (or 10) isn't very smart either. Haul out a calculator and or spreadsheet and do the math.

How to Make Sure this is your Dream Home: 7 Practical Tips The numbers in tip number four are flat out wrong, at least for the US, but it's still a good point.

**********

SPAM AND OTHER RIDICULOUS SUBMISSIONS

Blessedly, there were none of these submissions this week, although one submission praising Negative Amortization loans almost got the super-special treatment. I've written many times about the downsides of the Negative Amortization loan, and it's extremely difficult to construct a scenario where it actually benefits a prospective borrower.

For those who might object to the treatment their submission received, the relevant information has been in the guidelines since before submissions were being accepted for this carnival. Having been told to read the guidelines, you willingly submitted these posts. Live with it.

Consumer Focused Carnival of Real Estate will return in two weeks (May 21st, 2008), here at Searchlight Crusade, unless someone else wants to host. Deadline for submissions will be May 19th.

Tags

Please be civil. Avoid profanity - I will delete the vast majority of it, usually by deleting the entire comment. To avoid comment spam, a comments account is required. They are freely available, and you can post comments immediately. Alternatively, you may use your Type Key registration, or sign up for one (They work at most Movable Type sites) All comments made are licensed to the site, but the fact that a comment has been allowed to remain should not be taken as an endorsement from me or the site. There is no point in attempting to foster discussion if only my own viewpoint is to be permitted. If you believe you see something damaging to you or some third party, I will most likely delete it upon request.
Logical failures (straw man, ad hominem, red herring, etcetera) will be pointed out - and I hope you'll point out any such errors I make as well. If there's something you don't understand, ask.
Nonetheless, the idea of comments should be constructive. Aim them at the issue, not the individual. Consider it a challenge to make your criticism constructive. Try to be respectful. Those who make a habit of trollish behavior will be banned.

Search my sites or the web!

Sponsored Advertising
Commercial Mortgages
(Through 8/31/08)

--Blogads--

blog advertising
--Blogads--

blog advertising --Blogads--
**********

C'mon! I need to pay for this website! If you want to buy or sell Real Estate in San Diego County, or get a loan anywhere in California, contact me! I cover San Diego County in person and all of California via internet, phone, fax, and overnight mail.
Professional Contact Information
**********
Contact me! dm (at) searchlight crusade (dot) net (Eliminate the spaces and change parentheticals to the symbols, of course)
If you don't see an answer to your question, please consider asking me via email. dm (at) searchlightcrusade (dot) net. I'll bet money you're not the only one who wants to know!

Requests for reprint rights, contact dm (at) searchlightcrusade (dot) net!

Essay Requests

Yes, I do topic requests and questions! Send to "dm (at) Searchlight Crusade (dot) net" ----------------- Learn something that will save you money? Want to motivate me to write more articles? Just want to say "Thank You"?
Aggregators
Add this site to Technorati Favorites
Blogroll Me!