Since 35% of the new real estate contracts written in the First Quarter of 2012 were cancelled......N.A.R announces that it will NO LONGER track "deals fell through" only NEW CONTRACTS. I guess the truth is just too depressing....
...now that the real estate market has fallen so low…soon to fall lower and deliver MORE Short Sales, a TSUNAMI of them (Foreclosure is now mostly Passé).
Real Estate is Local, so I’m talking about Orange County CA. Investors should be buying Single Family Residences and Apartment Buildings to supply nice homes for those who are displaced by Short Sales and who will not live in the slums. UPSCALE indigents, who lost their homes to foreclosure or short sale.…they have great incomes but cannot qualify for a loan for two to four years or more.
DON’T BELIEVE THE NEWS ABOUT BUILDING NEW APARTMENT BUILDINGS IN O. C. TO RELIEVE THE RENTAL INFLATION PROBLEMS…
Look around…where is the Vacant Land to build apartments on? What would it cost to buy that land, what are the City, County, State, Federal, and U.N. restrictions on building in Orange County, and what would the units need to rent for to make if financially feasible?
Orange County, CA apartment buildings and SFRs will be gold for then next few decades. Figure 5% to 10% rent inflation for the next decade, at least, and rental inflation is compounded at each rent raise…right?
We’re back to the early 80s baby. Get set for Skyrocketing Interest Rates in 2014 when the Bernanke Promise is defunct.
Either President Obama will be re-elected, and he’ll do the interest rate deed or Mitt Romney will be elected, FIRE Bernanke and his successor will have no choice but to allow interest rates to rise…and THEN as inflation kicks in…Katie…Bar The Door!!!
CALL ME TO BUY ORANGE COUNTY, CA INVESTMENTS! Apartment Building investments and Single family home investments are my specialty. I also handle Short Sales for those of you who are in need of relief from your loan worries.