Coaching Businesses and Life

October 10, 2007

Maserati, The Other Italian, Long Beach

Not too many people know Maserati was a great challenger in the late 30s and the challenger of the early 50s.

While Ferrari was blossoming from an Alfa Romeo driver to a race team director and finally launching it’s own competition car, Maserati was innovative and pushing the envelope.

Go over to the great Veloce Today site for a good recap of that fantastic car manufacturer. Starting with 30s racers, the new manufacturer did very good in Grand Prix races. They even did very well with Wilbur Shaw’s two victories (1939 and 1940) at Indianapolis behind the wheel of an 8CTF Maserati.

From their humble beginning as Isotta Fraschinis tuners to full fledge race cars, to some of the most beautiful and in my opinion THE most beautiful 50s GT, the A6G – 2000, Maserati has been around and thankfully coming back.

I still believe everyone should have an Alfa Romeo for everyday, and a Maserati for every other day.

Real Estate Market Catch 22, Long Beach

With the current state of the market, a glut of unsold homes, prices not coming down fast enough to entice buyers and lenders and the building of new homes out-pacing demand means only one thing can happen – slashing prices.

It seems that is what is happening. As Calculated Risk picked up in this article on Business Week, home builders are starting to cut price significantly, sometimes with 6 digits.

The point is, will it be enough to shock the market into facing reality that nothing moves until the affordability ratio goes back in favor of buyers? It seems to be the only logical course of action. Home builders are stuck with a high inventory of unsold homes and land parcels. They are still building far too many new homes than demand can absorb. Some have started to slash prices. Will this be enough to wake up the market to seriously slash price and help the economy recover sooner? We’ll see.

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