Commentary
by Tom Koziol
| September 25, 2009
After you read this post you will realize the “new” is really the “old” but, in the end, who cares. At least according to me.
We’ve all seen headlines that read: Existing home sales dip in August or words to that effect. Truth is, those headlines aren’t news anymore. They used to be but used to be has become the norm or maybe I should say the numb.
To add more numb to this post, we all have read articles telling us real estate practitioners and investors are expressing frustration with what they consider slow action from banks. That is, banks aren’t releasing inventory fast to satisfy the demand.
My question boils down to what do they really expect from institutions that have moved, on a historical basis, extremely slow. It is merely business as usual.
On the other hand, given a red-hot market has poked its head out of the ground we should expect business not to be usual. We should demand those institutions with a home inventory to get off their duffs and start moving the product. A home is no different than any other retail product, other than the sales price. When demand flares up, release the inventory and satisfy the demand.
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The Health Care Bill and Real Estate Investors / Professionals
by Tom Koziol | November 6, 2009At first blush, these two seem like polar opposites. After all, what does the proposed health care bill being ballyhooed have to do with real estate investing?
I will readily admit I haven’t read the 1900 plus page bill but I have a friend who did. I won’t tell you about the number and size of [...]