Those financial wonder boys in congress have finally noticed there is trouble in the world of real estate finance and have put in place new mortgage rules and lending regulations. Should real estate investors be concerned?
Remember, these are members of the same political parties that have urged loose lending practices over the last ten years? Now that the country's entire financial system is beginning to unravel Washington is going to fix it?
As an investor, in the long run, I am betting the politicians will just make matters worse and we better be ready to make adjustments in our investing tactics.
Too Many Dollars
You may have noticed that over the last 12 months Federal Reserve Chairman Ben Bernanke has been pumping the country full of billions of paper dollars, borrowed from the Chinese, trying to head off a real estate and financial crisis. Oops!
Now Ben-the-Bountiful is telling Congress that he is concerned about the threats posed by rising inflation.
What a surprise! When you have billions of new dollars chasing the same number of goods, prices are going up - way up! That's why, over the past 12 months, consumer inflation is up by 5%. That 5% is a government number and some say you should multiply it by two to find the truth.
Even at 5% it would be the largest year-over-year gain in inflation since May of 1991.
New Lending Regulations
All the problems were not caused by Washington alone. Greedy bankers and mortgage lenders indulged themselves with crazy lending practices that even a casual observer could see would lead to trouble.
Now, the Fed is granting its self sweeping new powers to control mortgage lending. The new lending regulations will make it much more difficult for potential home buyers to find financing.
Think about that for a moment...
There are now tens of thousands of homes sitting vacant for lack of buyers, so your pals in government feel this is the perfect time to make it harder to get a mortgage loan.
Investor Must Look Elsewhere
We now have restrictive mortgage rules coupled with a recession that is curtailing the income of a few million people. There is going to be far less demand for the thousands of homes waiting to be sold. Investors should move carefully with a great deal of thought.
Homes are, and will continue to be, very easy to buy. The question is how to avoid catching a falling knife?
Sellers are ready to convince buyers that they are offering their home at 25% below market value. The catch is that "market value" was based on six month old comparable sales! How do you determine the real value of a property in a falling market?
Many people are going to be badly burned when they buy a home today and one year from now find the value of the home has dropped below the amount owing on the mortgage.
What's an investor to do? Look offshore!
Even small real estate investors can buy in hot markets like areas of Mexico, Panama, Belize and Argentina, for example. It's not unusual to find real estate in certain foreign markets appreciating yearly by 20% or more.
In a few years U.S. real estate will again be ripe for investment. Right now, with Washington meddling, the risk is too much for me.
About the Author
Mark Walters is a third generation real estate investor. For a limited time Mark is offering his big guide to finding private and hard money loans for real estate investing free. Free guide to private money loans.
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This digital document is an article from National Underwriter Life & Health, published by The National Underwriter Company on November 22, 2004. The length of the article is 585 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web br...
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WAR OF THE COLOSSAL BEAST picks up a year after the first movie (THE AMAZING COLOSSAL MAN) ended -- Joyce Manning (Sally Fraser), sister to the first film's 70-foot-tall Colossal Man, Lt. Col. Glenn Manning (Glenn Langan), believes that her brother is still alive, despite his fall off of Boulder Dam at the denouement of the first movie. Her hope is based on reports out of Mexico about a "very big ...
The history of the United States Marine Corps is a proud one, steeped in heroism, self-sacrifice and esprit de corps. Here is America's fighting elite - from pre-war training to final victory in the Pacific. Witness the story through the eyes and lenses of Marine combat cameramen in this stunning and unforgettable collection of authentic, historical film footage. From bloody beaches and dense jung...
Bob Hope's 19th Christmas abroad includes highlights from his fifteen-day tour entertianing our troops in Europe and Southeast Asia. The 24,000 mile tour begins with a send-off at the White House. Some of the performers with Bob Hope are Connie Stevens and Neil Armstrong, fresh from his walk on the moon! Experience this great entertainer as thousands of troops did who welcomed Bob Hope every year....
The Maglite XL100 3-Cell LED Flashlight is truly a breakthrough in flashlight technology! This handy little flashlight combines a mult-function LED light with a sleek, compact design. The XL100 features variable brightness settings, constant on, SOS, and adjustable blinking modes. This user-friendly handheld flashlight features a rotating barrel for quick activation and control of the variable bri...
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From the crowded markets of Chinatown, to the foggy docks of Fisherman's Wharf, to the streets of the Mission District, viewers ride with San Francisco's elite police as they do battle on the streets of the "City by the Bay." The program profiles hostage situations, including the Pine and Franklin shootout in which a heavily armed gunman murdered one officer and held nearly 40 others at bay until ...
The program looks at the daily operations of the Las Vegas SWAT, along with some of the situations they face. The city has the third highest incidence of SWAT "call outs" in the nation, while only having a population of just over one million. Las Vegas has grown to become the methamphetamine capital of the nation. Viewers follow the Las Vegas SWAT on a series of late-night raids on methamphetamine...
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When the judas bugs were introduced into the environment in the original mimic they were to mimic the diseased roaches & infiltrate their habitats. The plan worked until the bugs evolved to mimic their next prey..Humans! Studio: Buena Vista Home Video Release Date: 09/05/2006 Starring: Alix Koromzay Will Estes Run time: 82 minutes Rating: R...
Congress Knife What do you think about the recent killings in Japan?
An automobile and a knife recently killed several people in Japan and injured several more. Should our Congress act to ban these items and prevent such a tragedy on our shores? Only the military and police should have them.
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The CRKT Pocket Classics available in seven of the most commonly requested styles. They feature high-carbon stainless steel blades with Razor-Sharp cutting edges brass liners polished nickel silver bolsters and pins stainless steel springs and special "burned amber" jig bone covers.ATTRIBUTES Blade Detail: Sheepsfoot Coping Small Pen Blade Material: High Carbon Stainless Steel&...
Case Knives - Standard Medium Congress Pocket Knife with Natural Bone Handles: Model CA-10492. 64052SS pattern. 3 5/8" closed. Stainless spear, coping sheepsfoot and pen blades. This new collection gives tribute to the past by celebrating the Standard Knife Company, a historic Case Family Brand. With their heritage jigged Natural Bone handles, bar shield and Standard Knife Company tang stamping, t...
Boker Congress Tang Stamp Series Genuine Green Bone. 3 1/2" closed. Carbon steel twin sheepsfoot, pen and coping blades. Master blade features frosted "Tang Stamp Series" etch. Green jigged bone handles with nickel silver bolsters. Two inlay shields featuring "Past and Present" logos. Made in Solingen, Germany. Out of Production....
This digital document is an article from National Underwriter Life & Health, published by The National Underwriter Company on November 22, 2004. The length of the article is 585 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web br...
Military Usmc What exactly is a military (USMC) Home of Record move?
I've been in the Marine Corps for 3 years and have always lived in the barracks. I'm now moving off base and still have all of my furniture and personal belongings in storage at my home of record in Nevada. I'm going to be living in Jacksonville, North Carolina, right outside of Camp Lejeune.
I've heard "Home of Record" moves mentioned before - but I'm not sure what that is. Will the Marine Corps ship my furniture and stuff out here from Nevada, as they did when I last PCS'd?
What is the best option for me to get my furniture and other household goods here from my original home from before I enlisted?
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Now you can enjoy this very special insider's glimpse into the rich history of Marine Embassy Guards. Highly regarded as the Corps' most elite service unit, truly a "select few," their proud mission is to preserve the integrity of diplomatic bases around the world....
"A Few Good Men": Narrated by the late Jack Webb, this colorful documentary depicts life at the Marine Corps Boot Camp in San Diego. This one will bring back memories. -- "This is Parris Island": Similar in content but enough differences to keep the action alive. How would a 5000 calorie per day diet sound today? It sounds like just enough to keep a Marine alive in Boot Camp. -- "Heritage of the C...
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Three films on one video. The first is the official Marine Corps report on the Marines' actions at Khe Sanh. The second focuses on the use of air power at the 1968 battle, featuring C-130s and C-123s. Contact is a short film about dealing with Viet Cong booby traps.
Siege at Khe Sanh
This Department of Defense video is 30 minutes and documents the battle from the build-up of Marines at Khe Sanh...
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