Comments on: Global Economic Picture Darkens; Is it a Good or Bad Time To Invest In Real Estate? http://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/ Learn, Network, Invest Sun, 12 Feb 2012 02:59:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: carlahttp://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-60955 carla Sat, 01 Nov 2008 06:56:12 +0000 http://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-60955 You analyze it well. Oil price continue to high in the coming week, month,or year. This is one of the factor and reason on economic crisis. And this crisis that happens to Washington Mutual is really lead to bad effects of the economy. You analyze it well. Oil price continue to high in the coming week, month,or year. This is one of the factor and reason on economic crisis. And this crisis that happens to Washington Mutual is really lead to bad effects of the economy.

]]> By: Davidhttp://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-60297 David Mon, 29 Sep 2008 21:00:38 +0000 http://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-60297 Banks are one of the largest small business lenders but their approach to lending varies. Commercial Banks decisions are based on your strength as a borrower (a good credit score, personal financial statements, experience and collateral) the banks goals for the period and their lending philosophy. Banks may be looking to expand their small business loan consumer base; others may focus on larger loans or a specific industry. Banks are one of the largest small business lenders but their approach to lending varies. Commercial Banks decisions are based on your strength as a borrower (a good credit score, personal financial statements, experience and collateral) the banks goals for the period and their lending philosophy. Banks may be looking to expand their small business loan consumer base; others may focus on larger loans or a specific industry.

]]> By: Larry Arthhttp://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-57108 Larry Arth Thu, 29 May 2008 02:11:09 +0000 http://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-57108 Great time to invest in Real Estate. I believe it was Donald Trump who spoke "I would rather hear of a persons failures than to hear of their successes" we can aquire a wealth of knowledge from the mistakes of these past investors. Or should we call them Speculators. Those people who know how and where to invest always make money in their investments. People can now learn how and where to invest by learning from those who have made bad desicions over the past few years. At any given time their are markets poised for massive growth. When we take our eye of the negetivity and focus on the opportunity we will see that we are going thru a re-distribution of wealth. Lets be positive learn from the mistakes of others and make some serious investments. Go back to the basics. Location,Location,Location. This may not be in your back yard so watch for those Emerging Markets. Great time to invest in Real Estate. I believe it was Donald Trump who spoke “I would rather hear of a persons failures than to hear of their successes” we can aquire a wealth of knowledge from the mistakes of these past investors. Or should we call them Speculators. Those people who know how and where to invest always make money in their investments. People can now learn how and where to invest by learning from those who have made bad desicions over the past few years. At any given time their are markets poised for massive growth. When we take our eye of the negetivity and focus on the opportunity we will see that we are going thru a re-distribution of wealth. Lets be positive learn from the mistakes of others and make some serious investments.
Go back to the basics. Location,Location,Location. This may not be in your back yard so watch for those Emerging Markets.

]]> By: Clifton Papehttp://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-56873 Clifton Pape Sat, 17 May 2008 21:19:31 +0000 http://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-56873 As an economist and someone who has made great money in real estate I cannot agree with Tom Lindmark more! Tom hit the nail on the head. You do not want to jump in when there is a falling knife but, in many markets across the country there is no falling knife. For example, the Houston residential and commericial markets have been doing excellent! If you wait for the natinal picture to look good you may miss the biggest opportunity while all the "smart money" is getting richer and bailing out when everyone else thinks its time to jumb back in...As for the post it definatley hits several key issues that are facing our economy in the short run. As an economist and someone who has made great money in real estate I cannot agree with Tom Lindmark more! Tom hit the nail on the head. You do not want to jump in when there is a falling knife but, in many markets across the country there is no falling knife. For example, the Houston residential and commericial markets have been doing excellent! If you wait for the natinal picture to look good you may miss the biggest opportunity while all the “smart money” is getting richer and bailing out when everyone else thinks its time to jumb back in…

As for the post it definatley hits several key issues that are facing our economy in the short run.

]]> By: Tom Lindmarkhttp://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-56313 Tom Lindmark Thu, 24 Apr 2008 21:57:54 +0000 http://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-56313 Have all of you forgotten the early 90's? The same sort of sky is falling mentality existed then. The smart people saw through it, bought real estate at great prices and made millions. Nothing has changed. There are bargains everywhere.As for Mr. Killinger, his mismangement of WAMU has put his company at risk. A guy that's scrambling for excuses for his poor performance is hardly someone to look to for sage advice.Time to get over it people, adjust to the new realities and figure out how to make money. Have all of you forgotten the early 90′s? The same sort of sky is falling mentality existed then. The smart people saw through it, bought real estate at great prices and made millions. Nothing has changed. There are bargains everywhere.

As for Mr. Killinger, his mismangement of WAMU has put his company at risk. A guy that’s scrambling for excuses for his poor performance is hardly someone to look to for sage advice.

Time to get over it people, adjust to the new realities and figure out how to make money.

]]> By: Jimhttp://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-56102 Jim Wed, 16 Apr 2008 23:12:57 +0000 http://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-56102 The current housing market reminds me of the chicken and the egg question. Which came first? We need the investment community back in the market, competing to make higher quality loans. More lending money relates to more homes purchased and the housing market bottoming out. Home values rise and those close to forclosure now have the equity to refinance. I'm not sure which will happen first, but hope it happens soon. The current housing market reminds me of the chicken and the egg question. Which came first? We need the investment community back in the market, competing to make higher quality loans. More lending money relates to more homes purchased and the housing market bottoming out. Home values rise and those close to forclosure now have the equity to refinance. I’m not sure which will happen first, but hope it happens soon.

]]> By: Joshua Dorkinhttp://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-56100 Joshua Dorkin Wed, 16 Apr 2008 22:49:16 +0000 http://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-56100 Terry - There is always the option of putting your cash overseas . . . Terry –
There is always the option of putting your cash overseas . . .

]]> By: Terryhttp://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-56099 Terry Wed, 16 Apr 2008 22:03:16 +0000 http://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-56099 I agree with your analysis in general, but what are the alternatives?Hold cash? Not with inflation running between 3% to 4% per the latest Bureau of Labor Statistics data.How about a money market account? Returns have slid below 3%, so you are still not surpassing inflation.The stock market? Pick a forecast, but none of them are real positive. S&P returned 5.39% in 2007. For the period 12 months through March 2008, it is at a -5%. Corporate earnings will be less this year than last. Doesn't look pretty.I still think that your best chance of decent returns is in real estate. It's hard work, but I am still finding decent investment and development opportunities. Fortunately, I have decent credit and am able to still get financing. I agree with your analysis in general, but what are the alternatives?

Hold cash? Not with inflation running between 3% to 4% per the latest Bureau of Labor Statistics data.

How about a money market account? Returns have slid below 3%, so you are still not surpassing inflation.

The stock market? Pick a forecast, but none of them are real positive. S&P returned 5.39% in 2007. For the period 12 months through March 2008, it is at a -5%. Corporate earnings will be less this year than last. Doesn’t look pretty.

I still think that your best chance of decent returns is in real estate. It’s hard work, but I am still finding decent investment and development opportunities. Fortunately, I have decent credit and am able to still get financing.

]]> By: Santa Fe Custom Home Builderhttp://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-56092 Santa Fe Custom Home Builder Wed, 16 Apr 2008 18:50:52 +0000 http://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-56092 Frightening post! Frightening post!

]]> By: foreclosurefishhttp://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-56086 foreclosurefish Wed, 16 Apr 2008 15:30:17 +0000 http://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-56086 Nice analysis. High foreclosure rates already, plus rising food and energy prices will be pushed even higher by the cost of oil. All the while, the Fed is debasing the dollar and Congress is providing tax breaks to banks, homebuilders, airlines, and auto companies and calling it "Foreclosure Prevention."It looks like the criminal leveraged buyout of America, funded by the American people for the benefit of multinational corporations, is being finalized. I agree with you, I think things are going to get much worse before they get a little better. There's a second wave of ARM resets coming in mid-2009, indicating the slow collapse will continue at least past that point, if not accelerate before then. Nice analysis. High foreclosure rates already, plus rising food and energy prices will be pushed even higher by the cost of oil. All the while, the Fed is debasing the dollar and Congress is providing tax breaks to banks, homebuilders, airlines, and auto companies and calling it “Foreclosure Prevention.”

It looks like the criminal leveraged buyout of America, funded by the American people for the benefit of multinational corporations, is being finalized. I agree with you, I think things are going to get much worse before they get a little better. There’s a second wave of ARM resets coming in mid-2009, indicating the slow collapse will continue at least past that point, if not accelerate before then.

]]> By: Carriehttp://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-56084 Carrie Wed, 16 Apr 2008 15:19:11 +0000 http://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-56084 I agree that we haven't seen the height of foreclosures. That being said, we haven't hit bottom on home prices either. I expect, in the Minneapolis market, we will contiue to see prices decline for at least 18 more months. I agree that we haven’t seen the height of foreclosures. That being said, we haven’t hit bottom on home prices either. I expect, in the Minneapolis market, we will contiue to see prices decline for at least 18 more months.

]]> By: Global Economic Picture Darkens; Is it a Good or Bad Time To Invest In Real Estate? | The Long List of Odysseus Medal Nominees | Realtors and real estate, mortgages, lending, investmentshttp://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-56082 Global Economic Picture Darkens; Is it a Good or Bad Time To Invest In Real Estate? | The Long List of Odysseus Medal Nominees | Realtors and real estate, mortgages, lending, investments Wed, 16 Apr 2008 15:07:25 +0000 http://www.biggerpockets.com/renewsblog/2008/04/16/global-economic-picture-darkens-is-it-a-good-or-bad-time-to-invest-in-real-estate/#comment-56082 [...] Global Economic Picture Darkens; Is it a Good or Bad Time To Invest In Real Estate?, by Charles Feldman. [...] [...] Global Economic Picture Darkens; Is it a Good or Bad Time To Invest In Real Estate?, by Charles Feldman. [...]

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