Post by Mike
While the lending market is still very tight, the conditions are improving as stated in this article: Money starts to flow back into real estate.
We still have a ways to go, but all signs are pointing to a bottom. The FED's zero interest rate policy (ZIRP) guarantees your dollars will not bear any interest in deposit accounts. Wall Street is still struggling with the image of a rigged game. Hard assets are being viewed as the best investment in our current environment, and real estate can produce income and return while gold and other tangibles don't.
Plus remember the old adage "buy low, sell high". Real estate is definitely undervalued.
Wednesday, February 29, 2012
Thursday, February 23, 2012
NW Albany redevelopment a step in the right direction
Post by Mike
In case you missed it, this is great news for Southwest Georgia. The Albany Inn sits on four prime acres at the intersection of Westover Road and Dawson Road. It may be the highest traffic count in Albany.
If the new owners had operated it as a weekly stay hotel, it would quickly degenerate into a floop house and every property in the area would have been affected. This redevelopment of the site is exactly what Albany needed.
New development in NW Albany
In case you missed it, this is great news for Southwest Georgia. The Albany Inn sits on four prime acres at the intersection of Westover Road and Dawson Road. It may be the highest traffic count in Albany.
If the new owners had operated it as a weekly stay hotel, it would quickly degenerate into a floop house and every property in the area would have been affected. This redevelopment of the site is exactly what Albany needed.
New development in NW Albany
Wednesday, February 8, 2012
Is it time to buy tangibles?
Post by Mike
This is a little dated from November of 2011, but the logic is very sound. We may be in the investment environment of a lifetime. Remember what happened after the Savings and Loan disasters? Sure there was some temporary pain, but once the reset was finished.... we were off to the races again!
Link: Investing in tangible value.
This is a little dated from November of 2011, but the logic is very sound. We may be in the investment environment of a lifetime. Remember what happened after the Savings and Loan disasters? Sure there was some temporary pain, but once the reset was finished.... we were off to the races again!
Link: Investing in tangible value.
Halftime in America!
Post by Mike
Call me a stupid old jock, but I really liked the Clint Eastwood commercial during the Super Bowl.
I would have added a few things like:
"Okay we had an early lead in the first quarter, and then kept fumbling the damn football. So now we are down at the half. What are you prepared to do about it?"
And, not to get too political, but I would have included something to the effect of:
"Our quarterback has been trying, but he just doesn't seem to know how our system works. Sorry Obama, I got to pull you for the good of the team."
Tuesday, February 7, 2012
40 States Sign Settlement
Post by Mike
Forty States, including Georgia, signed the Foreclosure Settlement with the big banks. This will limit their ultimate exposure and may free up lending in the States that agreed to the terms. Notice I said MAY FREE UP LENDING. As usual, the banks are the big winners in the settlement. They now know their ultimate exposure and can not be sued for more damage.
This will be held up as a huge win for the public, but in my opinion, the numbers are too small. The banks were loaned $700-billion when they were in trouble, but only agree to a $25-billion settlement for the damage they caused in the real estate sector.
Oh well... the golden rule... "He who has the gold, makes the rules..."
Housing Wire - 40 States Sign Settlement
Forty States, including Georgia, signed the Foreclosure Settlement with the big banks. This will limit their ultimate exposure and may free up lending in the States that agreed to the terms. Notice I said MAY FREE UP LENDING. As usual, the banks are the big winners in the settlement. They now know their ultimate exposure and can not be sued for more damage.
This will be held up as a huge win for the public, but in my opinion, the numbers are too small. The banks were loaned $700-billion when they were in trouble, but only agree to a $25-billion settlement for the damage they caused in the real estate sector.
Oh well... the golden rule... "He who has the gold, makes the rules..."
Housing Wire - 40 States Sign Settlement
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