Real Estate

Easy to figure this one out.

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Here’s part 9 of “The Cocoanuts”

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McAlvany ICA presents financial, political and geo-political information to aid investors in developing sound alternatives for their portfolios in uncertain times. Topics of discussion: U.S. Real-Estate Market, China, Middle East and a declining U.S. dollar. Call, 800.525.9556 or email: karis@mcalvany.com for a FREE copy of this entire DVD plus an exclusive Market Report. Or if you would like to listen to exclusive, weekly, economic commentary for FREE by economic expert, David McAlvany, be sure to go to: www.mcalvany.com and register where it says, “McAlvany Weekly Commentary.”

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The May edition of This Month in Real Estate looks at the effect of the home buyer tax credit, the overall health of the housing economy and what sellers can do to make the most of the market

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http://www.goldsilverdvd.com On our last day in Singapore we checked out the Singapore Flyer…the world’s largest ferris wheel. The view was mindblowing and Mike had a great time counting the construction cranes. Just amazing, there are buildings going up as far as the eye can see. Is Singapore the next Dubai?
Some interesting thoughts in here from Mike, how do you feel about what he has to say?
Music can be found at http://www.aaronsaxon.com please check his stuff out it’s great. Peace, Dan

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Anchorage protesters bring their guns and slogans
http://www.adn.com/news/alaska/story/933166.html

Washington protest over health proposals
http://www.rte.ie/news/2009/0913/obamab.html

3 more down: Bank failure tally hits 92
http://money.cnn.com/2009/09/11/news/economy/bank_failure/?postversion=2009091207
http://www.fdic.gov/bank/individual/failed/banklist.html

After Corus, who’s next to fail thanks to commercial real estate woes?
http://www.dailyfinance.com/2009/09/12/after-corus-whos-next-to-fail-thanks-to-commercial-real-estate/

Venezuela to Develop Nuclear Energy With Russian Help
http://www.bloomberg.com/apps/news?pid=20601086&sid=aElQ3UEU9eYM

Obama challenges Wall Street to change
http://www.msnbc.msn.com/id/32835326/ns/business-economy_in_turmoil/

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I am in escrow on some property in which the seller and his real estate agent were not very forthcoming in their disclosure statements. Through a third party I found out some things about the property that are detriments (such as occassional flooding) but I am willing to overlook them and still purchase the property. I have released all my contingencies and we have a close date set.

My real estate agent happened to tell the seller’s real estate agent that we found out some of these things on the property – most importantly about the flooding – and now the selling real estate agent wants me to sign a bunch of documents listing out what I found out as if she had told me about them. I don’t want to do it – it took considerable effort for me to uncover these issues and I have already signed off on contingencies. I don’t think I need to also let her off the hook as if she had disclosed these things to me – she did not. Can the realtor force me to sign these?
I am asking if a real estate agent can legally force me to sign informal and misleading documents in order to progress with the purchase? The seller and I have already signed all legal documents as outlined in our legal contract.

You have a LEGAL AND BINDING CONTRACT. all disclosures within the contract should be what the seller knows about the property. Now the other agent cannot FORCE you to sign anything. Basically what the agent is trying to do is cover his clients ass- if the selling side has a problem with it you can always take it before arbitration (see how they like that). Either way the selling agent is not within his rights to present other docs. for disclosures, nor do you let them off the hook. You will have no recourse if you do. Hope this helps.

In 2007 the Real Estate Bubble began to deflate with Subprime mortgages busting the loudest. The stock market collapse in half in 2008.

This 60-Minutes special features experts that say 2010 is going to be worse. Millions more Americans are going to face foreclosure with their homes underwater, even prime mortgages. Home values are going to decrease another 30-50% in the most inflated markets. Get out now and go into safer assets.

Be ready investors and 401k holders, your stocks are about get cut in half AGAIN when this new panic across the entire platform of the housing market in 2010/2011.

Deflation, then more bailouts/stimulus, then serious inflation.

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VICTORIA – Realtors expect the looming deadline to beat the HST to motivate buyers of new homes.

But it appears they don’t need any incentive. Canada’s real estate market is red hot right now, especially luxury homes.

Sales of high-end homes are setting records in greater Victoria.

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A Second wave of Adjustable loans will push Real Estate lower the middle of 2010 through the end of 2011.

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