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Posted on Sat, May 18, 2013 20:52

Is the economy getting better or worse in your area?

I think the oil producing states are doing a little better, maybe even good,  but I am not sure about any others.   How about your state?



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Posted on Fri, May 31, 2013 23:01

 

The downturn of America started in the mid-late 70's. Without going through the decline of the post 60's ushering the aspects of a world market,let's fast forward. The decline of the industrial age, and the advent of technology(enhancement of factories(robots,worldwide competition, price of labor in the U.S,greed). The average American wants a steady flow of their lives. How do we achieve that Nationwide.

You must understand the present mindset of this generation,and the generations before.  The elite of the braniacs are suffering from status quo. They have no clear path, or see the path as not conducive to the price of education to the outcomes of job ackuisition. This is a major problem to the cohesion of the  the U.S.

If a coorperation wants to do business with the U.S,they must manufactor their product 70% inAmerica.

If you want a lighter point to the 70%, let's  look at LV1's plan.

I propose a plan of at least 50%of GDP ON AMERICAN SHORES.  We started parceling our industry in the late 70's' and we are begging for a share in the world market which gives  us inferior products that have need of replacement withinin inferier use of life(made to fail).

My option is a 50/20 plan(50% american made on the shelf by 2020). It involves innovative planning for the continuity of society.I can tell you what a property can realize within a 10%. I'm that accurate. The problem is the situational aftermath.

2014 looms,and what is the cause of that? Hillary looked in 1993. How will we fund the Baby Boomers of the last 60 years, that had their magic carpet ride extinguished in 2008 because of dirrivitives. Are our elders deminished? That safe life is is gone for 50%

The basic question is making everyone happy in their existance, One might view Zeitguist" on the You" to get s different prospective. I mention the "You" because we live in a tube here.

I see things in dimentional points in a vast universal dimention as opposed to the cut& dry diatribe of assets gained. There is always a balance. This LEO Sun with a tight fit with Virgo(Ascendant). That makes me acutely aware of suffering. I feal it& deal it

One might think of 5 years from now. Maybe a little farther than that. This boom is a  vapor. It has no base. Such is life.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I see the U.S.economy  moving tward the end of the line.

A view to  next 5 years  

 



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Posted on Thu, May 30, 2013 06:19

I would think of it as commitment if Blackstone were a smaller firm. According to news reports, they are the largest private equity firm with over $200B under management. Blackstone has been around since 1985 and they own property throughout the world. They in fact recently purchased 1,400 properties in Atlanta, from another giant, Building and Land Technology so this particular purchase would not really impact the market since they were homes already owned by BLT. According to Bloomberg, Blackstone spent over $4B on 24,000 rental properties last year.

 

 

 

Groups such as these have been buying and selling real estate for decades and their portfolios include not just homes but hotels, warehouses, office buildings, vacant land etc. They don't purchase as the rest of the population and smaller investment firms do.

 

 

 

 Individuals and small investment groups look to the internet and realtors such as myself to find homes, and investors who can afford to purchase more, will deal with mortgage servicing companies to buy blocks of homes but could never “swim with the sharks.” Many of these investors are also turning around and selling the homes to individuals for a small profit.

 

 

 

 Investors are a big part of why homes are moving as fast as they are and becoming less available to individuals who want a home to live in. But the big guys who are trading with each other, although they do affect the market, I don’t believe have as big an impact as they appear to have.

 

 



Lulu in Dallas

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Posted on Sat, May 25, 2013 13:37

@Lulu... deleting posts and not allowing certain things is why MM has lost at least two generations of bloggers. The first generation left about 8 years ago and the next about 5 or 6 years ago.. Guess where they are blogging and posting almost anything they wish now.

 

 



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Posted on Fri, May 24, 2013 06:52

I just noticed that MM decided to remove part of a sentence on one of my comments and leave the rest there. It makes it look as if my ADD kicked in and I forgot to enter the first part of the sentence. I can see why Ray (NGL2011) was so annoyed after finding one of his entries gone.

 

I would also like to point out that they encourage us to share our blogs in all the social media sites. Talk about a one way street!

 

Here is what was allowed:

 "Few know of the special programs they can participate in to get into a home. Even a good part of our military personnel is not aware of how far their benefits can take them, and some of my friends share them so the info can be seen throughout the country."

 

They even changed my punctuation. I guess whoever the GENIUS was felt that the sentence made sense. The comma before the highlighted text was a period. The beginning of the sentence was: "I post information about VA benefits and about getting into a position where you can purchase a home on my FB page" (of course, I used the entire name of the page)

 

Sorry guys, I'm a little ticked off right now. I'll get over it.



Lulu in Dallas

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Posted on Thu, May 23, 2013 06:34

I agree with you Dakota. When it is investors who are driving the market it changes the game but, it is a seller's market at this time sellers are making the rules and investors are not getting the real low prices they were getting a year ago. Yes, here in the Dallas area we have homes that are selling extremely low but it goes according to the conditions of the neighborhoods.

 

We are also seeing high end homes moving fairly fast. I guess that's where the California buyers come in, WWWW. They are buying homes in cities like Highland Park (Jerry Jones, Troy Aikman, George W and several others live there) where in the last six months, 70 homes have sold, 45 of them priced from just over 1M to over 7M, with  the price per square foot as high as $2,003. Compared to the areas just outside where even the nicer homes have sold for less than $300/sf.

 

As far as The FED, I'm good at selling real estate but have a hard time understanding how the gorvernment thinks. It seems to me that if they have purchased bonds to that extreme, they will have to sell low to liquidate. Not sure what kind of impact that will have on the economy.

 

One thing is clear, at least for my area. Real estate values are moving up.

 

The Dallas metroplex also has lower unemployment rates. We have many of the larger corporations headquartered here and several more planning to make the move. Texas is also a very strong Republican state if that says anything.

 



Lulu in Dallas

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Posted on Wed, May 22, 2013 12:08

Quoting Windrider735:

I don't know about the cities, www, but in my immediate area the hunting and farm land is coming up nicely. I think this spurt will be short lived, and  it will head back down before the end of the year. I'm just hoping the economy doesn't bottom out before I can sell out and get out. At this point in my life, I prefer to spend the rest of my life in a country with a more stable economy than we have here.  

 

Dakota...Somehow methinks you're not the only one looking into a new career!


I think farmland is here to stay.  I know of one teachers retirement fund that is trying to invest about 1/3 of its cash in real property, including farmland.  Also some big corn raising farmers are expanding into other states and paying good prices. I am sure that they think that land will hold it's value well no matter what happens to the economy.  If lucky the land will produce revenue.



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Posted on Wed, May 22, 2013 06:15

Quoting wwww12345:

I do think (actually know)  that investors are investing in lower cost housing states. However some people are just moving from places like Calif and lower cost is one of the reason. There are other reasons also, like jobs and better schools.

I know someone in the Dallas area that sells very high end build to spec homes. They have sold 14 lots already.  I think most of the buyers were from Calif.

If you thought the dollar was going to devalue more than it already has, then land and real estate probably looks much safer than stocks and bonds.

I know Texas is doing well.  I am wondering about the rest of the nation.

 


You are right WWWW, about the main reason investors are looking in the Dallas/Fort Worth area. DFW is a great place to purchase especially if you're looking to keep and rent out. All those folks who have lost their homes need a place to live.

 

 

 

Texas is one of the few states that does not have state tax. That alone brings us a lot of attention. I sold property in California and many of the people I dealt with there were selling to move to Texas. There is one home I sold there for $550K in 2006 which was foreclosed in '10 and sold for $247K as a foreclosure just last year.

 

 

 

I bought a home  (see photo) when I came here in '09 for $210K cash. That home anywhere in SoCal would have been over 1M and in LA or Orange counties over 3M. Now I'm selling homes here for as little as $20K. I'm closing today on a 3/2/2 with almost 1/4 acre of land at $22K. This home needs the A/C units replaced. It will take less that $5K for my client to bring it to a liveable state.  Not a whole lot of money to be made as a realtor, but they are easy to sell.

 

 

 

So guys, when ya'll are looking to invest, real estate is still the safest way to go. I'll be happy to help if you have questions about anything here.


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Lulu in Dallas

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Posted on Tue, May 21, 2013 20:32

I do think (actually know)  that investors are investing in lower cost housing states. However some people are just moving from places like Calif and lower cost is one of the reason. There are other reasons also, like jobs and better schools.

I know someone in the Dallas area that sells very high end build to spec homes. They have sold 14 lots already.  I think most of the buyers were from Calif.

If you thought the dollar was going to devalue more than it already has, then land and real estate probably looks much safer than stocks and bonds.

I know Texas is doing well.  I am wondering about the rest of the nation.

 



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Posted on Tue, May 21, 2013 18:29

I don't know about the cities, www, but in my immediate area the hunting and farm land is coming up nicely. I think this spurt will be short lived, and  it will head back down before the end of the year. I'm just hoping the economy doesn't bottom out before I can sell out and get out. At this point in my life, I prefer to spend the rest of my life in a country with a more stable economy than we have here.  

 

Dakota...Somehow methinks you're not the only one looking into a new career!


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Posted on Tue, May 21, 2013 08:49

Quoting Dakota35:

Hello Lulu,  Do you think some of the buyers of these homes are actually investors?  Investors looking for either a appreciation in the future and/or to rent out the home.  Since interest rates are so low investors are looking anywhere they can for a opportunity to earn more than a few percent.

 

 


 

Hi Dakota;

 

Absolutely! A good percentage of home buyers are investors / cash buyers who kept an eye on the market and pounced when the conditions were right. The sad thing is that too many people who are looking for a home to live in are finding that investors out-bid them or are able to pay cash.

 

Fannie Mae, Freddy Mac and HUD have implemented guidelines to give owner occupants a chance at the homes before allowing investors to bid. Sometimes you will find that some of the large banks will do the same but only on specific homes.

 

I just closed on a HUD home that sold for half the listed price to a young teacher. HUD has the Good Neighbor Next Door program that allows certain groups to bid on a home during the first few days of the listing. I had several teachers and a couple of police officers who wanted this particular home.

 

Few know of the special programs they can participate in to get into a home. Even a good part of our military personnel is not aware of how far their benefits can take them, and some of my friends share them so the info can be seen throughout the country.

 

I love helping my clients get into these programs.

 

HUGS



Lulu in Dallas

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Posted on Mon, May 20, 2013 07:14

As a Realtor, I keep an eye on how homes are selling in my area and can tell you that I've seen homes sell for as much as 10% over list price. For the most part, listing agents are having to request highest and best offers because they encounter bidding wars about 90% of the time.

 

I would say that our area is seeing improvement.

 

-Lulu-



Lulu in Dallas

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Posted on Sun, May 19, 2013 19:40

Hey Darlin!

 

I've no clue... But wanted to pop over and say HELLOOOOoooooo.... 

 

Fuel is about $3.23, some places $3.19... 

 

I think real estate is a wee bit on the up swing, but we have a long way to go! ;)



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