The 700 Billion Dollar Man
Friday, September 26th, 2008 | Real Estate Investing
By: Josh Cantwell
“the best way to predict the future is to invent it” Alan Kay (one of the fathers of “object oriented programming” which defined the conceptual basis for laptop computers and e-books)
I just posted a new article about the state of the economy and how it’s going to affect us, not just as taxpaying citizens, but also as real estate investors.
Check out my article below…
Click here to check out my latest article
I can’t believe how much has happened in just a week’s time. We went from being told that everything is under control to a 700 Billion Dollar bail out. Why wasn’t anything done sooner?
The government is hoping that this bail out will head off total financial ruin, but unfortunately there are no guarantees and we’ll just have to wait and see what happens.
Read more here…
Click here to check out my latest article
It seems to me that we have a long way to go. In the meantime, let’s hope that this bail out has the desired affect and puts us back on the right track.
Hey by the way, check out my short sale tip of the day below about deficiency judgements.
Also, check out a this quick video of my new baby girl Giuliana.
2 Comments to The 700 Billion Dollar Man
Josh,
Best analysis I’ve seen yet on what the impact of the bailout will have on foreclosures, REOs and the prices investors will pay to pick up these properties pre-or post-foreclosure.
My question is, will this make banks more or less likely to want to setting on short sales knowing that they could sell to the government at perhaps more? Also, will this make the banks more or less likely to go after home owners for deficiency judgments?
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Here’s an excellent analysis of the bailout that explains why so much is at stake. I hope that bailout naysayers will take the time to read it.
http://www.2000wave.com/gateway.asp