Hi Everyone,
Prices going down, sales going up. What will shift prices upward in the toughest markets?
Good news: Foreign investors with money who will carry the loans for awhile, in residential and commercial, buying up properties.
Good news: US investors w/access to funds who can buy for cash.
Good news: First time buyers get a tax break.
Bad news: More losses to come from folks losing their homes/investment properties.
Bad news: Govt. loan mods -- too few to get excited about.
Bad news: Banks incentivized by the Feds not to lend then punished for not lending. Double bind.
Bad news: Govt. did not focus on jobs first as their top agenda was not to strengthen the economy, thus the jobs situation is much worse than published as sole proprietors who don't pay payroll taxes not counted in the numbers. Just now a few jobs are showing up, but a very long way to go.
Bad news: Tax credit for home buyers who can't participate because they can't sell their existing home fast enough or at a price they can handle to buy a new home before the time is up.
Bad news: Risky exit strategies in tough markets where even rentals are tough to fill.
Bad news: Shadow inventory much larger than most experts think, huge backlog of demand for those who have wanted to sell but not at foreclosure prices thank you very much. There are many like this who have equity and are not underwanter, thus they are not counted in the stats. as there is no way to measure them.
Bad news: Great disagreements about the real risk of commercial, will it be huge downdraft on the economy or not? My best guess: It will be a big deal but absorbed faster and more easily than residential has been.
What do you see where you are?
Hang in there and pay attention to what you have learned from all this and PLEASE REMEMBER YOUR LESSONS when times get easier so as not to repeat the difficulties.
Wishing you all peace and prosperity.
Appreciatively,
Prices going down, sales going up. What will shift prices upward in the toughest markets?
Good news: Foreign investors with money who will carry the loans for awhile, in residential and commercial, buying up properties.
Good news: US investors w/access to funds who can buy for cash.
Good news: First time buyers get a tax break.
Bad news: More losses to come from folks losing their homes/investment properties.
Bad news: Govt. loan mods -- too few to get excited about.
Bad news: Banks incentivized by the Feds not to lend then punished for not lending. Double bind.
Bad news: Govt. did not focus on jobs first as their top agenda was not to strengthen the economy, thus the jobs situation is much worse than published as sole proprietors who don't pay payroll taxes not counted in the numbers. Just now a few jobs are showing up, but a very long way to go.
Bad news: Tax credit for home buyers who can't participate because they can't sell their existing home fast enough or at a price they can handle to buy a new home before the time is up.
Bad news: Risky exit strategies in tough markets where even rentals are tough to fill.
Bad news: Shadow inventory much larger than most experts think, huge backlog of demand for those who have wanted to sell but not at foreclosure prices thank you very much. There are many like this who have equity and are not underwanter, thus they are not counted in the stats. as there is no way to measure them.
Bad news: Great disagreements about the real risk of commercial, will it be huge downdraft on the economy or not? My best guess: It will be a big deal but absorbed faster and more easily than residential has been.
What do you see where you are?
Hang in there and pay attention to what you have learned from all this and PLEASE REMEMBER YOUR LESSONS when times get easier so as not to repeat the difficulties.
Wishing you all peace and prosperity.
Appreciatively,
Dr. Linne
"Build on Your Best"
Giving you power to predict & profit,
Dr. Linne Bourget M.A. M.B.A. Ph. D
www.oldpowertonewpower.com
www.whatyousayiswhatyouget.com
Sign up for our *free* leadership Newsletter
http://www.linkedin.com/in/oldpowernewpower
Pioneer, strengths-based leadership, Master Intuition System
Founder/CEO 480-767-1717
Institute for Transformation Leaders& Consultants
Fortune 10,50,100 Consultant, Economist, Behavioral Scientist Consultant, Speaker,
Author: From Old Power to New Power – Which Leaders Will Survive?
Co-author with Mark Victor Hansen, Deepak Chopra, Amazon #1Bestseller, Wake Up Live the Life You Love-Finding Personal Freedom
Author, What You Say Is What You Get® Series:
The Secret Language of Great Business Results
Positive Quotient PQ® & Appreciative Quotient AQ® Questionnaires
Master Intuition System for Business Leaders!
"The greatest challenge is taking complete responsibility for your own greatness."
Dr. Linne
Copyright 2005-2010. All Rights Reserved.Dr. Linne Bourget, M.A., M.B.A., Ph.D.
Giving you power to predict & profit,
Dr. Linne Bourget M.A. M.B.A. Ph. D
www.oldpowertonewpower.com
www.whatyousayiswhatyouget.com
Sign up for our *free* leadership Newsletter
http://www.linkedin.com/in/oldpowernewpower
Pioneer, strengths-based leadership, Master Intuition System
Founder/CEO 480-767-1717
Institute for Transformation Leaders& Consultants
Fortune 10,50,100 Consultant, Economist, Behavioral Scientist Consultant, Speaker,
Author: From Old Power to New Power – Which Leaders Will Survive?
Co-author with Mark Victor Hansen, Deepak Chopra, Amazon #1Bestseller, Wake Up Live the Life You Love-Finding Personal Freedom
Author, What You Say Is What You Get® Series:
The Secret Language of Great Business Results
Positive Quotient PQ® & Appreciative Quotient AQ® Questionnaires
Master Intuition System for Business Leaders!
"The greatest challenge is taking complete responsibility for your own greatness."
Dr. Linne
