No it isn’t some conference of sex coaching, it was a group of bankers (including Fannie Mae) and real estate investors who gathered this week in Miami for the IMN Distressed Real Estate Conference, and frankly, it was a little depressing.
The debate seemed to revolve around lender’s decisions to ‘extend loans and pretend that the […]
Category Archives: Vacant Land
The Extend & Pretend Conference: IMN Distressed Real Estate
Cash For Clunker, Homes
A report today said ‘urban’ Detroit’s median home sales price was $16,000 last quarter. That’s median, I have a friend who sold several $300,000+ homes during this period. The cash for clunkers program has buoyed Detroit jobs, with GM hiring back workers, tooling shops getting busy again etc.
The truth is that many homes in Detroit […]
Housing Supply Plummets: Pent Up Demand Continues
As housing supply is further restricted, yet population grows, demand becomes ‘pent-up’. History would predict we are being set up for a rise in future housing prices. Since the drop in supply is dramatic, the rise in prices should be just as dramatic. The only true question - WHEN?
NEW YORK (CNNMoney.com) — Initial construction of […]
Is Besting Dead?
Regular readers of this blog know that last August (2007) I wrote “Besting: Better Nesting” a book about how 78.2 million baby boomers were beginning to migrate in droves to ‘better nests’ not just ‘empty nests’.
Second home sales have set new records every year for the last 5 years, up until 2007-08, when the market […]
Press is writing about “Besting”
I’m pleased that the media is writing about my book “Besting: Better Nesting”
on page 74…
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