Attention real estate investors: Want to know where the markets of tomorrow are? (And, who wouldn’t considering how terrible the markets of today are for the most part!)
Okay then….listen up: Follow the 20 something crowd!
Seems urban planners consider some cities to be “youth-magnet cities”-and these tend to change from one generation to the next.
The Wall Street Journal put together a panel of experts to come up with a list of the next youth-magnet towns and here is what they came up with:
Believe it or not, Washington, DC ranked number one!!!
If you guessed this might have something to do with Mr. Obama, you’d be right. Apparently, the experts feels that many 20 somethings will flock to D.C. because they think Obama is soooooooooooooooooo awesome, chill, cool, whatever—and also figure that there may actually be some jobs in government since there don’t seem to be many in the private sector.
Do you act rich? Do you flaunt your wealth, or pretend to be rich by driving a car you can’t afford?
The Burden
If you harbored any notion that the current economic crisis would somehow bring out the best in people–as we all come together like one of those old, warm and fuzzy “I’d like to buy the world a Coke” commercials, I’m afraid I have some very bad news for you. Well, actually, the FBI has the bad news, but I will pass it along.
After the financial meltdown last year lawmakers and regulators were determined to discover who was responsible for the debacle. Yes, the very people who drafted the laws governing mortgages and yes were also responsible for oversight of them went out to determine who was responsible for the melt down. The first culprit, of course, was the lenders. I think we all know how that played out. The next group on the chopping block was the appraisers. If they wouldn’t have appraised the homes then the lenders would not have lent on them, so goes the finger pointing. From that came sordid tales of realtors and mortgage professionals pressuring and even bribing appraisers to up the value of a property.
The economic law of supply and demand says that when demand increases and supply falls, prices are sure to rise. Apparently that law has an asterisk that says “except for Las Vegas.”
An 
God, I hate cliches. But such is the case with a freshly minted 
I am capable of limitless success. Success is within me. I will make no excuses nor accept them of myself. I am not at the mercy of other people. I am not at the will of random events. My only true impediment is that which exists at the end of my own resolve.
From many of the headlines and articles I’ve been reading lately, you really would think the end of the world is near. Now, I’m not that paranoid but there are certain things you need to do to protect yourself, specifically from the coming wave of inflation, thanks to the governments spending spree of trillions of dollars. If you don’t take the steps I’m about to share with you… you might find yourself with a lot less money.
Joshua Dorkin
Charles Feldman
Ted Karsch.
First Time Home Owner Tax Credit Likely To Stay; But Current Homeowners Still Face Uncertain Future
by Charles Feldman | October 7, 2009As the, so far, jobless recovery continues, the White House is reportedly hunkered down trying to figure out what to do next. Obama administration officials are taking note of programs that have worked and those that have not done as well.
Among the programs that apparently fall into the “success” column is the $8,000 tax credit for first time home buyers.
The tax credit for first timers was part of the $787 billion dollar stimulus program and is being credited with helping the real estate industry stage a modest comeback—at least among first time home buyers.