JAM

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Homebuilding on an Uptrend? [view article]
I'm with Tringo! I love all this bad news! When the crowd is talking about all these buyers who can't buy, because of the lending guidelines, down payment requirements, etc., I just love it! First of alll, we're talking about real assets here, houses, places for people to live! Right now, in many markets, a house can be purchased at a deep discount, minimally fixed up, and rented out for an attractive Net cap rate, with the added benefit of knowing without a doubt, that prices will ultimately recover and continue their climb. Add a little bit of leverage (conservative debt), and ROI's for Real Estate Investment will be phenomenal over the next 5 plus years. I can just hear someone thinking, "Gee, doesn't this guy get it, nobody can buy right now! We're in a financing crisis!" Actually, if investors can purchase mortgage backed securities with their "low risk" and low yield returns, then rest assured, investment dollars will find...are finding their way into the real estate market. Nature abhors a vacuum, and the astute will take advantage of the clamor of the down in the mouth herd, and five years from now, new mortgage products will have flowed back into the market, and even the Retail Real Estate market (ie, the families still wanting to buy the homes) will be in full swing. Those who get in now will be winners! Now cynical pessimists, rip me up! Then sell me your properties at a deep discount!!!! Apr 03 08:48 PM

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