Posts

Showing posts with the label real estate

Have Housing Prices Bottomed Out?

Image
I thought you may find interest in the article I’ve attached.   A couple of things to note: When they speak of investment from HUD, they are talking on 2 different planes: 1.        One, HUD reports out partially because housing is a large component (in typical years) of the investment side of our GDP.   Since you don’t “use up” houses, and they typically gain in value, housing is calculated as an investment, where shoes, televisions, cars, and most other physical purchases are in the “consumption” bucket.   So, it is monitored closely, as improvement in housing makes a big difference in our GDP 2.       They are also in the last line of this report (which I’ve bolded and underlined for you), speaking of investors in the construction industry, as opposed to the guy who is talking to you about picking up a couple of specs for rental.   This is huge, as it ties to our sales meeting a couple of weeks back. ...

Real Estate advice for 3500 years

Image
For those that thought that when Moses went up on Mt. Sinai that all he came down with is 10 simple instructions, you are sorely mistaken.  Know what else he got from God?  Real Estate advice.  No, not just the "I am giving you the land of Milk and Honey" type advice, but the kind of advice that would have prevented this entire housing crisis we have experienced over the last 4-6 years.  Who knew - it's been written down for 3500+ years, and we all missed it. Here's your chance today - buried in Leviticus 25 is God's real estate picks.  From Fair pricing methods to valuation guidelines, it's all there.  Yep - God, from his perch on high, was even the first to put a premium on a property in a gated community - (v.29-31) - over a property in the suburbs.  Other than the birds, He had the only available topographical view at the time, so it probably was painfully obvious! For valuation guidelines - my real point - ...