Waiting for The Banks to Lend?
“Somebody else will fix it“
Have you spent the last 19 months waiting for someone else to start lending again? All that Government stimulus will trickle down into your business. The great wave of capital will tumble into the market, buoying all ships. Risk takers will generate jobs again, soon. […]
Want the price of something to rise? The formula is simple: increase demand or decrease supply. In part 1, I suggested a way to immediately increase demand for vacant homes - immigration. Legalizing some of the 3 million people living in the US today - if they bought 1 of the 1 million vacant homes […]
I’ve been pondering a question. Where will the money come from to boost the sagging housing market? How will the real estate market re-inflate?
1. Inflation. As the ‘real value of the US Dollar’ declines, because of monetary stimulus, skyrocketing deficits etc. Inflation will occur as soon as the economic outlook improves significantly. Inflation raises the […]
CNNFn.com has this great map that shows where most of the tax credits for first time home buyers are flowing to: California, Florida and Texas top the list. No surprise. These are also the states with the largest growth rate of young workers, and the highest number of new immigrants. http://money.cnn.com/news/storysupplement/economy/homebuyer_tax_credit/index.htm
Once again, we see how […]
I have written in this blog about one possible way to fix the housing crisis: more immigration to buy up the over supply of housing. Especially, wealthy foreign nationals who would buy condos as second homes. I’m happy to say since I wrote this last fall, we have found a way to finance these non-US […]
