Post about "Homes"

US Real Estate Market Update 2010

U. S. Real Estate BuzzThis short overview of our current economic and real estate conditions is what I think, presented in a simplistic, broad-brush narrative of the affairs that lead us to where we are today with some realistic long term ideas to prosperity and solid economic recovery and growth.HistoryFirst, we know every industry is like the tide each with it’s own ebbs and flows. To be certain the real estate market is experiencing these changes, so in many respects this is very normal. The real estate industries ebb and flow is generally 10 to 12 years. The last time we hit bottom was at or around 1995-1997. What’s not normal is how dramatic this occurrence really is. The ripple effect is clearly worldwide, which illustrates this is not just a real estate problem but a financial one also. We did have a disastrous real estate market in the mid to late 1970′s, which, resembles much of what we’re going through today but it was more of a national problem than worldwide.CurrentThe current state of our economy is a direct result of several factors that have been building for many years. The main contributing factor in my estimation, which is usually the case, is government policies. What government does and or does not do effects all us in profound ways, such as raising taxes, creating regulations, and spending policies to name a few, and of course politics; in short this is social engineering. The courses of action our politicians adopt have a direct effect on how we live our lives, how we invest money and what we invest in. Investors invest in assets that will make them money or provide them the means to do so.For the past 5 to 6 years, the real estate market had been flooded with new home buyers previously renters, along with many “step-up” home buyers. Financing was very easy to get for most people, many of who perhaps should have never had it so easy. With that, poor spending habits ensued throughout the general population, in other word’s we were acquiring large amounts of debt without the income to match. Many businesses such as the financial institutions also had their fair share of shady dealings. Additionally, Governments at all levels were doing the same thing. They’ve never seen this kind of money come in at such a fast pace and of course with policies put in place years before you get an economic condition, i.e. government spending, regulations, taxes & fees that couldn’t be absorbed anymore by the general population, corporations and the financial institutions. A very serious unstable market had been created.Finally, if all the previous spending wasn’t enough, the government went on a monumental spending binged over the past 10 months dragging the economy further down. Now you may ask why is this so important? It’s because everything the government does, as I have said, has a profound effect on each and every one of us. Why? Investors and investments! It’s no accident that we have the most dynamic and advanced economy in the world. The United States embraced an open market place long ago where investors, influential people, empire builders and entrepreneurs alike have the freedom to invest their money, products and ideas into our system. No other place in the world can you do this quite the same way.
The problem is over the past 20 or so years corporate regulation and tax burdens are out of control, Influence on public employees to do favors has never been so far-reaching and nearly 50 % of the population doesn’t pay income taxes. The country has been changing in ways, which leads the Movers & Shakers to rethinking their investment strategies. Earning money has some how now become a bad thing politically. Be clear making money is a good thing and should never be frowned upon. Not withstanding unethical and illegal activities.The Investor class of people are very astute, and rests assure they are watching everything going on, and until they see clear skies ahead they will either remain on the sideline or invest elsewhere. Several things in the near term need to happen before we can see clear skies.Solutions
The financial markets need to finish cleaning-up their books with their bad debts, which will lead to improved lending.

Taxes in all forms including “pass-through taxes” such as the new Cap & Trade energy tax cannot go up and or be implemented as they are scheduled too. Congress must keep this from happening.

Congress must repeal the planned stimulus-spending bill, which will go into high gear just after the 2010 elections.

Commercial real estate, nationwide, is headed for huge loan defaults unless something allows the property owners a way to refinance without adding cash equity into the asset we will see more than 700 Billion dollars of loan defaults; this will be ugly.

Interest rates must remain low and balanced with possible inflation and deflation conditions.
Once the above happens and or moves in that direction businesses can once again begin their empire building, which leads to growth, which will spark employment, which will allow mom & pop investments to occur. Remember 80% of jobs are from small businesses. The employment market must be stabilized! Then the residential housing market can go into a full recovery swing that will promote a more stable economy. We believe residential real estate will lead commercial real estate out of this recession. Additionally, Multifamily will lead the way in the commercial market.Long term, we need to be concerned with public policy and the spending that comes with it. It is my opinion; we should embrace and employ a whole new breed of Entrepreneurship along with a core focus on Research & Development in all of our industries. This type of R&D spending will help ensure future growth of our economy. In order to have a strong real estate marketplace we need a strong economy. In order to have a strong economy we need good public representatives.
The people of this great country need to understand, we will be better served to plan the future many, many years ahead of time should we plan to continue to lead the way for the rest. We have a great economic system and therefore the promotion of such a system should be pursued.Bright Side

Loan defaults will spark a lot of buying with new money.

By 2010-11 we should be on our way to recovery and out of this mess by 2013 as long as government policies improve.

Interest rates should remain low for a little while.

Our country has always bounced back each time we’ve gone through recessionary periods.

Expedia – World Leading Travel Company

Due to the current economic atmosphere, numerous Canadians feel it is crucial to put their money into savings instead of spending them on short-term get away expenses. However, an increasing number of individuals believe that they should take vacation and getaways more seriously, especially since an influx of stress in the workplace has been strongly felt in light of the worldwide economic downfall. It’s a good thing that this opposing group has less expensive trip options to avail of courtesy of coupons and discounted online travel deals.A common issue that hinders people from taking a well-deserved vacation is that their work consumes most of their time. Some have jobs that require attendance 7 days a week. And some even claim that their schedules are too tight to be consolidated with unnecessary vacation plans. Worst of it is, most of these people feel guilty about taking time off from work because of the current economic situation. They worry about taking leisurely travels when there isn’t enough guarantees of stable finances. This eventually leads them to a vacation-deprived existence, which in turn, generates depression – the common problem that predisposes employees to suicide.There are inherent benefits when individuals take time off from work to enjoy a getaway. One, they can relieve themselves from stress and two, revitalize their system. After a leisure vacation, employees become more observably productive in their work output. Aside from this, they also feel rejuvenated and reconnected with their work, family and friends. It is clear how a vacation impacts overall personal satisfaction. Now this can be further amplified if those concerned have purchased a travel deal from a reliable provider.This is where Expedia comes in. This company is actually one of the top dealers advertised by Find Savings, a popular provider of coupons that give discounts on various products and services. Expedia offers discount travel to frequently visited destinations such as Europe, Canada and the United States of America. Travel deals provided by the company includes the best combination of scheduled and charter flights, car and hotel reservations, vacation packages, destination activities, cruises, trip insurance and traveler authored content. The company is supported by customer support agents that are available 24 hours a day, seven days a week, via a toll-free number and email response.Expedia delivers its consumers with everything they need for researching, planning and purchasing a whole discount travel. Through its North American website, the company provides direct access to one of the broadest selections of travel products and services. Localized and extensive partnerships in Europe and Asia also allows the same unlimited access for travel consumers. Expedia serves a variety of consumer segments – from families wishing to book a summer vacation to individuals arranging a quick weekend getaway. As such, you can be assured to find the exact travel deal for your set agenda and number of participants.Expedia is one of the world’s leading online travel companies and its mission is primarily to become the largest and most profitable seller of travel deals in the world. The company believes that by helping everyone everywhere, plan and purchase trips, they could make a difference in their lives. The brands and businesses of Expedia work together to share the best practices and leverage geographic reach, scalable business models and customer-related synergies to people around the world.