Price Corrections Are Not As Bad As Reported
by John Burns
It is true that home prices have corrected more than any time in the past, and further price declines are likely. However, the methodology used to track home prices is overstating the actual correction. Some examples of reported overstatements thus far are a 36% decline in [...]
Workshop Sections:
Day One
1. The Essentials Of Turning Inflation Into Wealth (*)
2. Understanding Asset Deflation In An Environment Of Monetary Inflation
3. Finding Hidden Opportunities When Prices Are Falling – A Real Estate Case Study (*)
4. Protecting Against Inflation With Cash Flow Generating Property Investments (*)
5. Testing Real Estate Robustness Under Varying Inflation / Deflation / Taxation [...]
I told ya so. A must read…
Renters Can’t Escape Housing Crisis
Source: USA TODAY
Publication date: April 22, 2008
By Stephanie Armour
On a chilly night after work last November, Christopher and Jenell Chow relaxed, watching the evening news while their children scampered around their rented two-story stucco home. Someone knocked at the door.
An officer was standing on [...]
Joseph Brusuelas
June 10, 2008
‘The road to hell is paved with good intentions’ is a proverb coined centuries ago, but today’s Federal Reserve (Fed) should take note when it does its own coining. Fed Chairman Ben Bernanke is in a tough spot; despite his best efforts to convince the markets of the opposite, he may well [...]
An email I received from a Platinum Properties Investor Network member…
Jason,
I was reading an article in Newsweek that made me think about the seminar I attended at Platinum.
Basically David Lereah the old spokeshole for the NAR, which I’m sure you know has changed his tune a bit. Here is a great quote from the guy:
“But [...]
There’s blood in the streets and one real estate organization is reporting that savvy homebuyers are snapping up distressed U.S. properties.
On Monday, the National Association of Realtors’ index of future home sales jumped in April to its highest level in eight months. Economists for the industry group attributed the rise to thrifty consumers capitalizing on [...]
Tuesday, June 10th, 2008
How to Survive Stagflation - With a Profit in Your Pocket
By Martin Hutchinson
Contributing Editor
Increasingly in recent weeks commentators have begun speculating about the dreaded “S-word”- stagflation- and whether or not such a protracted period featuring both high prices and high unemployment would blight the U.S. economy.
The stagflation debate arose anew on Friday [...]
More than one million homes are now in foreclosure, the highest rate ever recorded, according to a trade group which warned Thursday that number will continue to climb.
The Mortgage Bankers Association’s first quarter report showed that a record 2.5% of all loans being serviced by its members are now in foreclosure, which works out to [...]
Here are some things to consider about REO’s and buying foreclosure properties.
Get Rich Buying Foreclosures
Little Known Secrets About Buying Foreclosures
Federal Reserve Chairman Ben Bernanke put the U.S. dollar squarely on the Fed’s radar screen, saying its slide against other currencies has led to an “unwelcome” rise in U.S. inflation and may be a factor in inflation expectations.
Mr. Bernanke also suggested that the Fed is unlikely to lower official interest rates further, though his remarks [...]
In back-to-back Inman News columns, Bernice Ross wades into the controversy over the reporting of home-price statistics. In Part 1, “Put a gag on Chicken Little,” Ross argues that home prices are stabilizing, but that the media’s emphasis on home-price indexes published by Standard & Poor’s/Case-Shiller has created “a crisis in consumer confidence.” In Part [...]
It’s time to meet the person who has been responsible for the life you live right now.
This person has created your income, your debt, your relationships, your health, your fitness level, your weight, your attitudes and your behaviors. Who is it? To introduce yourself, just walk to the closest mirror and say hello! This person [...]
“INFLATION IS AS VIOLENT AS A MUGGER, AS FRIGHTENING AS AN ARMED ROBBER, AND AS DEADLY AS A HIT MAN.”
~ Ronald Reagan.
And although you might not describe the effects of inflation in such strong terms yourself…rest assured that the effects of inflation have crept into your home, your gas tank and your wallet. And inflation [...]
According to Economy.com, there are a number of cities where home prices are expected to rise including Dallas, TX and Cleveland, OH. Although not an exhaustive list, other areas for opportunity include some of the locations below:
Mobile, AL: Forbes has stated Mobile is the next “Boomtown of the South” and Moody’s predicts Mobile will have [...]
Since January, I’ve been writing a series of essays in ETR intended to give you tools to help you “master plan” your life. As you put this master plan into action, you will find that you will be able to accomplish more than you ever have before. Much more.
People will notice how much you’re getting [...]