Bernanke Calls For Nationwide REO Rental Program

From an article written on  1-4-12  by  Jacob Gaffney. 

The government should consider helping the nation's vacant, unsold stock of foreclosed properties by supporting initiatives to occupy.

Federal Reserve Chairman Ben Bernanke believes that one aspect should be a government support program that allows renters to move into those houses.

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My Reply......


RIDICULOUS !!   Private industry (entrepreneurial) is already in full gear and moving forward.  Why cut that off?
Multi-family market is growing and catching up to where it should be.  There should always be a decent balance of SF homes and MF homes.
Finally, letting natural market forces (supply & demand) work will always be best for America.  Many forget that this is one of the main foundations that built the USA's  World Class economy!

We do not need the Fed's jumping in late and stepping on our toes.  How foolish of our Congress Persons to believe they will not cause even greater problems.

Most important...why would we allow the highly profitable Banking industry to once again take control???

signed,  a TRUE AMERICAN








PS:  Just read the Blog below this one to see what happens when our Government steps in & over corrects on a problem....
Crushing our beloved Veterans again.   

Are You Giving the Directions or Taking Them?

By guest blogger Joel G. Block

Living through the stock market roller coaster has been difficult – in fact, it is paralyzing. I am so focused on it that I am having trouble concentrating on work that I can actually control. Ironically, the chaos of the week has made one issue crystal clear for me.

The more I understand the stock market, the more I realize that I don’t get it at all.

Most individuals have their money in the stock market because their retirement accounts force them into the market. Those funds are forced into the market because the companies that manage those funds are stock market companies. A coincidence?

Read more at .....

http://shortsalerein.com/are-you-giving-directions/

I recently started reading this Blog and was impressed because Joel's thoughts are the same as mine.

Why should Investors continue to be sucked into the Stock Market fiasco.

I realize the market supports the financial foundation of our greatest companies. But, it needs to be revamped...it is broken!

Many thanks to you for reading our Blog, Larry Tutino

WOW !!!!!

HUD owned about 69,000 homes at the
end of April and sold 11,000 homes in that month. Fannie and
Freddie held another 218,000 at the end of March.

NO JOKE..REITs CRUSH STOCK MARKET AGAIN

Great news....just like I reported in the Feb 25th, 2011 blog.....REITs are outprforming the stock market again.

Real-estate stocks again outperformed the broader stock market during the second quarter, as investors bet property companies will provide a safe haven from global turmoil.

The Dow Jones Equity All REIT Index was up 9.9% for the first half of the year, compared with a 6% rise in the Standard & Poor’s 500-stock Index and 8.6% for the Dow Jones Industrial Average, on a total return basis. The recent performance caps a two-year period in which REITs have been on a hot streak, returning nearly 30%.

The truth is that real estate has been outperforming the stock market since 1958. No kidding. I went back over 50 years and compared numbers and this is what I discovered. a very small percentage of companies did better over the last 50 year period. What more proof do you need???

Last year, REITs raised $26.24 billion in equity, not including initial public offerings, the largest amount since 1997, according to data supplied by the National Association of Real Estate Investment Trusts. And that amount may soon be eclipsed; $23.72 billion has been raised so far this year.

Read more about this at ....http://oakstonecompany.wordpress.com/2011/07/11/reits-beat-stock-indexes-but-falling-short-on-values/

B U Y R E I T s B U Y R E I T s

Many thanks from Blog Founder, Larry Tutino

IT's TIME TO BUY NOW ......

Such conditions might not last long.

Back in June 2006, when the housing market peaked, the prospect
of a five-year national housing bust seemed unimaginable to most
people.

And yet here we are, with the latest Standard & Poor's
Case-Shiller index showing that prices hit new bear-market lows,
falling back to 2002 levels nationally and to 1990s levels in
some battered regions.

Despite all the gloom, however, there are
growing indications that it is a good time to buy. Mortgage
rates, which fell to 4.55% for the week ending June 2, according
to Freddie Mac, are near 50-year lows. Homes have become more
affordable than they have been in years: According to Moody's
Analytics, the ratio of home prices to income is now 20.9% lower
than the 15-year average through 2010, and 12.5% lower than the
1989-2004 average.

A historic glut of homes, meanwhile, has
created a BUYER'S MARKET: There were about 15 million vacant
homes in the U.S. last year, according to John Burns Real Estate
Consulting, Inc.—some 3.1 million more than normal.

"I highly recommend that all who can partner with an educated real estate Investor and watch your net worth increase over the next few years."

Larry Tutino

A special thanks to Chris McLaughlin & John Burns, Real Estate Geniuses

U.S. Top Spot for Foreign Buyers

Despite tightened credit for many domestic buyers, the United States is still a top spot for foreign purchases. The National Association of Realtors reports that "international purchases surged by $16 billion this year, one of the highest increases in recent years."

Domestic investors are getting in on the action as well. Depreciating prices and distressed properties have been a draw for all-cash purchasers, which now make up about one-third of all sales.

Written by....

Carla Hill, M.A., works on the Realty Times staff as Managing Editor for our online publication.

Read more at... http://realtytimes.com/rtpages/20110519_invest.htm

Thanks Carla for sharing.

IMF points Finger at USA......

The global organization faults tax incentives and low-income housing goals as contributing to the near collapse of the housing market in the United States......

The meeting between President Obama and top lawmakers on the budget ended with no agreement but further talks are scheduled......

Please read more at .....http://www.smartrealestatenews.com/

Copied from Smart Real Estate News & Commentary by Chris McLaughlin April 8, 2011

FYI from Larry, Blog Founder

START INVESTING NOW !!!

Most investors think we have hit the bottom and are working hard now to get all the new business they can, as fast as they can.

Read more at... http://www.costar.com/News/Article/Investors-Returning-To-Retail-Single-Building-by-Single-Building/127388

Time To Get into the Game

I believe many investors and users have been sitting on the sideline and have now decided to start making a move. They feel we have hit the bottom and it is time to get back into the game. Banks are putting their REO's on the market and taking a hard look at all offers.

The restaurants are not expanding very fast but we are seeing increased activity from gas/convenience stores and a lot of automotive users.
Kittie L. Hook, senior vice president, corporate services at Cassidy Turley Fuller Real Estate in Denver, CO

This is a "Cool" picture of the Seattle Center Fountain we all love to play in.

from Larry, Blog Founder

RISK.......

“Only those who risk going too far can possibly find out how far one can

go........

T.S. Eliot

A great quote I came across while checking out Roland Hopkins new book titled...

Selling Yourself & Your Ideas.

Larry Tutino, Founder of Blog

COMMERCIAL SALES SURGE !!!

Transactions surged over the past year as the economy began to recover and low interest ratesmade it cheaper for REITs and private-equity buyers to acquire office, retail, industrial, apartment and health-care properties. Completed acquisitions by U.S. REITs more than tripled to $24 billion in the 12 months through the end of February compared with the previous year, according to data compiled by Bloomberg. Fasulo said he “wouldn’t be surprised” if U.S. commercial property purchases double in 2011 from almost $140 billion in 2010.

U.S. commercial property purchases may double this year as confidence builds among investors with access to credit and equity that values will rebound.

Blackstone Group LP’s planned $9.4 billion purchase of U.S. shopping centers and Ventas Inc.’s proposed $5.7 billion buyout of a health-care real estate investment trust, one of two multi- billion dollar health care REIT deals announced yesterday, may mean a wave of commercial real estate acquisitions is coming as buyers regain confidence in the market.

Read more at...http://www.bloomberg.com/news/2011-03-01/commercial-property-deals-may-double-in-u-s-as-blackstone-bets-on-rebound.html

I found this info on Jeff Lindahl's site at... www.rementor.com 781-878-7114

Thank You, Larry

MULTI-FAMILY Building INCREASES

WASHINGTON, D.C. - February 16, 2011 - (RealEstateRama) — Nationwide housing starts rose 14.6 percent to a seasonally adjusted annual rate of 596,000 units in January, according to figures released by the U.S. Commerce Department today. The gain was entirely due to a 77.7 percent increase in the multifamily sector, where significant month-to-month swings in activity are not unusual and where new building has been below expectations for the past several months. Meanwhile, single-family housing starts remained virtually flat for the month, with a 1.0 percent decline.

See the Link below for more.....

http://www.linkedin.com/news?viewArticle=&articleID=375082070&gid=106811&type=news&item=375082070&articleURL=http://www.realestaterama.com/2011/02/16/multifamily-construction-boosts-housing-starts-in-january-ID08659.html&urlhash=Fu9j&goback=.gde_106811_news_375082070

Just like in the 70s & 80s when Single Family Housing slowed down there will always be more Multi-family.

Multifamily Construction Boosts Housing Starts in January

MULTI-FAMILY UNIT COSTS for 2011 to 2006

This GRAPH clearly shows how much the price per unit has decreased for Multi-Family over the last 2 years. This info is from Loopnet.com. Just click on the link below.....

http://www.loopnet.com/Tacoma_Washington_Market-Trends

Multifamily Property Asking Price Index Trends

	Nov 10	vs. 3 mo. prior	Y-O-Y
- State	$89,039	-0.9%	+0.8%
- Metro	$109,361	-2.2%	-17.6%
- County	$56,173	+5.6%	-24.0%

THE BEST STOCK TO BUY NOW ??

This very smart Author (in my opinion) says........

I think homebuilder stocks may be one of the best buys of the next decade. Buy them now and put them away. If they go lower, buy more.There, I said it. Now, you can either laugh at me or listen to my simple explanation. The choice is yours.

Here is the link for the full story.....

http://seekingalpha.com/article/241088-homebuilders-perhaps-one-of-the-best-buys-of-the-decade

About the author: Jeffry Chmielewski

Former portfolio manager of a $400mm hedge fund. Currently a private investor. BS in Mathematics from the University of Michigan.

Thank you, Larry

COMMERCIAL Real Estate is Back !!

GLOBAL CRE MARKET BOUNCES BACK; GREAT OPPORTUNITY FOR INVESTORS, BORROWERS ALIKE.

Regionally, here's how the global resurgence in direct CRE investment looks: U.S. transactions are expected to approach $90 billion by the end of the year. That's 90% higher than in 2009.

Your best access to commercial capital is with....

Greg Weimer
(480) 659-5182gweimer@remingtoncapitalinc.comhttp://remingtoncapitalinc.com/

Have a Great Day, Larry Founder of Blog

INVESTING IN A NEW REIT

Here is a fast growing REIT (Real Estate Investment Trust) that may interest you.

American Realty Capital charges 12.5 cents for each dollar raised.
They plan to grow to over 11 Billion Dollars!

Click on the link below to see the article posted on LoopNet news.

http://www.loopnet.com/xnet/mainsite/news/News.aspx?DocID=18369&Region=CRENational&intcpt=false&sourcecode=1lne0c015lnlk1010c&linkcode=&utm_source=loopnet&utm_medium=emailmarketing&utm_campaign=LoopNews

YOUR REWARD!!! For working so hard....

Keep INVESTING in REAL ESTATE and maybe you can have one of these new Jaguar C-X75s. Gas turbines, 780HP and electric motors on all 4 wheels help you fly at 205MPH!!!!

We love beautiful cars here at our blog. Hope you do too. Want to see more??? Let us know.