Jeannie Niles Real Estate Investment
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Sub-Prime Loans: What's Going to Happen?
Every day I read or hear another commentary on the collapse of the sub-prime market.
The Fed has estimated that overall wealth rose 7% in 2006 from appreciation of real estate and financial assets. Not too bad in a slowing economy. Homeowner equity (nationally) is still a nice percentage at 53.1%.
Is it really all gloom and doom and we’re going broke in 2008????
No one really knows for sure what is going to happen in any economic change with 100% certainty, which is why I always strongly recommend enough cash is kept on hand so you do not have to be a seller in a slowing market. It’s always better to be the buyer of someone else’s property that didn’t plan for a downtown like you did!
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Seven properties went into escrow in October.
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For Coachella Valley
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Multi-family properties have been the hardest hit segment in the desert area for number of sales during the current real estate downturn.
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I am always frustrated how the media and other trade groups use statistical data to prove the point they want to make, thus I like to do my own statistical research.
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It can be very profitable purchasing bank owned properties in the current real estate market.
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Some of the most outrageous episodes in property ownership that the owners lived to tell about.
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Only 5% sales agents or brokers actually own investment property, and only 10% actually sell a property.
Every investor's situation is unique, and I have over 25 years experience solving problems. Use the form below to ask me about your unique needs.
Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261
P: (760) 360-4020
F: (760) 340-9069
E: jniles@realestate-investment.com
