BlueFire

http://www.BlueFireProperties.com
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    • Tue Nov 4th 08:51 AM | Rating: 0 0
      Commented on:
      Housing Data Shows Downturn Could Be Prolonged
      The thing of it is that we are creating a huge inventory of properties being sold off at bargain basement prices either to investors at the preforeclosure stage as banks are forced to sell short, or as REOs as banks are forced to sell off this huge backlog. As a result, the housing values we are seeing are artificially low. These properties are being sold BELOW value. As a result, they pull down the comperable values of entire neighborhoods.

      Now the inventory that needs to clear is still huge. But, anyone willing to buy and hold for a minimum of 3-5 years is going to make a killing in real estate. When that inventory does clear, there will be a significant uptick in real estate values as real buyers start paying real prices.

      Patience, people. Everyone thinks in quarters. It's time to be making five year plans here.
      View article »
    • Tue Jul 15th 13:02 PM | Rating: 0 0
      Commented on:
      Examining The Fed’s New Mortgage Loan Rules
      Thank God for the distinction for investors. We ARE smart enough to not need "consumer protection" AKA government interference!
      View article »
    • Fri Apr 4th 18:13 PM | Rating: 0 0
      Commented on:
      Lender-Abandoned, Non-REO Foreclosures
      Music to my ears. We investors are going to be buying up some awesome deals in the next 12 months!
      View article »
    • Tue Apr 1st 19:11 PM | Rating: 0 0
      Commented on:
      Bill Gross: If Housing Prices Decline Further, So Does the Economy
      Amen to TommyG. Real estate investors are not speculators. No one in their right mind buys property counting on it rising in value. An investor would never buy a property unless it were at a minumum 20% below market value and preferrably 30%. Why? Look around. Profit is made at the time of purchase. If the property rises in value that is a bonus. Let the blood letting continue as it must. Slow it down and you will only prolong it and force the innocent to pay for the guilty. What nonsense. The only people losing their homes are those who need to be losing their homes. Cold but true. And when enough of us feel the bottom, there will be a real estate buying frenzy. This is the great housing shuffle. At the end of the day, most will have a roof over their heads. For many it will be a rented roof over a home that is probably not 5000 sq/ft plus.
      View article »
    • Tue Apr 1st 18:50 PM | Rating: 0 0
      Commented on:
      Housing: A Government Solution Is Likely to Be Necessary
      Please, please, please do NOT let the government get involved. Too little too late. Prices have to come back into sync with median incomes. A one time $600 raise from the government is not going to do it. And what ever happened to personal responsibility and caveat emptor? Home buyers are grown ups who entered into contracts to borrow money. Live with it. Upside down? Who cares... stay in the home you bought at a prices you felt willing to pay at the time you signed the dotted line. In ten years or so, you will no longer be upside down. It's your house, not your ATM!
      View article »
    • Tue Apr 1st 18:42 PM | Rating: 0 0
      Commented on:
      How Far Will House Prices Fall? Implications From the Latest WSJ Survey
      What he said!
      View article »
    • Tue Feb 26th 09:16 AM | Rating: 0 0
      Commented on:
      Injecting Accountability into the Credit Crisis
      Some great nuggets in this article, but here is another angle. At the local, state and fed level, government should immediately condemn as much vacant property as possible. The bailout funding should go to a massive demolition enterprise to clear out as much dead wood as humanly possible in urban, suburban and ex-urban regions. Builders will keep building based on the tastes of consumers. But there is so much dead wood to be cleared out which would bring builders back into blighted regions. Yes, it will create gentrification. So what? It's not like these neighborhoods are actually going to pull themselves up by their bootstraps.
      View article »
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