Real Estate

Video clip three of “I Survived Real Estate 2008″ starts with Bruce Norris introducing Christopher Thornberg who represents the economics part of the equation. Christopher is a self proclaimed bear and was one of the few that predicted the downturn was coming. Christopher discusses employment, housing starts and how they can only go to zero, consumer sales, exports, his thought on recession and the varying views that exist, if the worst is yet to come, and where he stands.

Christopher talks about the housing market and the false indicator of increases in home sales. Christopher says homes prices got too ridiculous and that prices did not match what people were making. Increases in incomes did not keep up with home price appreciation. The only reason prices got that high was of the crazy financing that took place.

Christopher says the pace of home price declines look to be around 30% per year and the mix of foreclosures to home sales is not looking good. Christopher addresses how far prices will fall.

Christopher believes financial losses will total over $1 trillion and that several institutions will fail because of overexposure. The leverage of some institutions is 100 to 1 such as Fannie Mae and Freddie Mac.

Christopher reviews some of the new features of the newly passed housing bill and how little it will actually accomplish. With the money that the government will release to California alone, doing the math it means California will only be able to purchase around 4,000 homes which is a very small piece of the large REO pie.

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Investors Resource Center of America LA and Steve and Robyn Love – http://www.irca-losangeles.com/
Las Brisas Escrow – http://www.lasbrisasescrow.com/
National Club of Real Estate Investors and Sam Saddat – http://www.ncrei.com/
Northern California Real Estate Investors Association (Norcalreia) and David Granzella – http://www.norcalreia.com/
Foreclosure Trackers – http://www.foreclosuretrackers.com/
North San Diego Real Estate Investors and Linda Wessels – http://www.nsdrei.org/
RE Ventures and Michael Pines – http://www.reventuresrealty.com/
Real Estate Investors Club of Los Angeles and Phyllis Rockower – http://www.realestateclubla.com/
Real Wealth Investor and Scott Whaley – http://www.realwealthinvestor.com/
Saddleback Valley Communities – http://svc4.com/
Silverstar Finance and Janet French – http://www.silverstarfinance.com/
Sunset Hills Memorial Park and Mortuary – http://www.sunsethills.cc/
The Mission Inn – http://www.missioninn.com/
The Mortgage Equity Group – http://themeg.net/
The Naked Real Estate Investor Club – Rosie Nieto – http://www.nakedrealestateinvestorsclub.com/
The Short Sale Processor and Nick Manfredi – http://www.theshortsaleprocessor.com/
Virtual Real Estate Tour and Layla Tusko – http://1wealthcreation.com/
Wholesale Capital Corporation – http://www.wccmtg.com/

Duration : 0:9:33

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Once again sorry about some of the video quality, my resources were limited

#20 – Top Favorited (Today) – Sports (4/14/09)
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#93 – Top Favorited (This Week) – Sports (4/20/09)

Duration : 0:4:8

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$30,000 Sotheby’s International Realty Challenge

In a hair-on-fire finish, Todd Minikus and Hillary Dobbs turned the $30,000 Sotheby’s International Realty Challenge into a horse race at the 33rd annual Hampton Classic Horse Show. In a timed jump-off, Minikus won aboard Pavarotti in 37.56 seconds. Dobbs was second with Marengo (37.79) and Minikus placed third on Presidente (38.25). Their rides were double-clean. One of the nation’s premier show jumping competitions, the Hampton Classic continues through Sunday, August 31. The Classic hosts hunter/jumper competition for riders ranging from the youngest competitors in Leadline and Short Stirrup classes all the way up to Olympic veterans in the $200,000 FTI Grand Prix. Show entries include two Olympic riders who flew in directly from the Olympic show jumping competition in Hong Kong: McLain Ward, a member of the gold medal-winning U.S. team, and individual gold medalist Eric Lamaze of Canada.

Duration : 0:22:40

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This is a drum cover (or remix) of the Jonas Brothers’ song, Burnin’ Up.
Pop and Rock politics aside, this was one of the grooviest songs i have ever jammed to.. was an incredible amount of fun.
(As for the drumming intro; it’s the only part of the song that was written beforehand, the rest is all improvised on the spot, to keep things fresh and unpredictable.)

I have to emphasize, I know calling this a “cover” is wrong, seeing as I only PARTLY stayed true to the song’s drums (or lack thereof), through the WHOLE song i play some variations of the beats, phrasing and fills, since 99% of what i play is improvised. Even though i have done my fair share of session and studio drumming, that has little to zero effect on these video’s, I kind of see them as live performances. I’m NOT aiming to be accurate to the original drums, I’m just aiming to enjoy myself. And I thoroughly succeeded in doing that, might I add

Jonas Brothers – Burnin’ Up
from the 2007 release “A Little Bit Longer”
is the copyrighted property of it’s owner(s).

(External) Drums by Cobus Potgieter.

For any and all info you might need (equipment, sponsorships, recording process, updates) please visit www.cobuspotgieter.com and have a look around.

Duration : 0:3:8

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Aug. 10 (Bloomberg) — The collapse in commercial real estate is preventing Federal Reserve Chairman Ben S. Bernanke from declaring the economy and financial markets are healed.

Property values have fallen 35 percent since October 2007, according to Moodys Investors Service. Thats making it tough for owners to refinance almost $165 billion of mortgages for skyscrapers, shopping malls and hotels this year, pressuring companies such as Maguire Properties Inc., the largest office landlord in downtown Los Angeles, to put buildings up for sale.

Negative Fundamental

Demand for commercial space comes from employment and the income generated by that employment, said University of Pennsylvania Professor Joseph Gyourko, director of the Wharton Schools Samuel Zell and Robert Lurie Real Estate Center in Philadelphia. Mounting job losses are a really significant negative fundamental, signaling that conditions are going to be tough for the industry for a while, he said.

That may spill over into mounting losses at some banks. Forty-seven percent of loans at the 7,000-plus smaller U.S. lenders are in commercial real estate, compared with 17 percent for the biggest banks, according to New York-based Goldman Sachs Group Inc.

Duration : 0:5:57

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What I learned today will have devastating ramification for the real estate marketing and in turn the entire financial and stock market and the broader economy as a whole.

If true…our real estate fate is seal. There will be more housing and real estate foreclosure carnage ahead. The road is long.

Prepare yourself and protect your family from this coming economic catastrophe.

PLEASE RATE, LINK, SHARE and SPREAD the word so others can learn about the real nature of our real estate and economic crisis. Don’t be a sponge to the talking heads that spew only that which benefits them and their bosses. Wake up!
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From L.A Times:

Bulk of bank-owned homes aren’t even on the market yet
“Banks to unleash flood of REOs” at Inman News looks at the effect of foreclosures on the housing market this year:

Inventories of unsold homes are likely to swell in coming months as lenders begin to push a growing backlog of repossessed homes up for sale — often in communities already awash in distressed properties….

Because it can take weeks or months for lenders to put repossessed homes on the market, the impact of real estate-owned (REO) properties on inventories lags behind foreclosures. Government efforts to recapitalize banks through the Troubled Asset Relief Program (TARP) and other bailout measures may also have taken some of the heat off of lenders to unload REO properties at fire-sale prices.

But with the emphasis of TARP and other government relief efforts now expected to shift to creating jobs, helping troubled borrowers avoid foreclosure and providing incentives for home buyers, lenders could soon unleash a torrent of real-estate owned, or “REO” properties — even in markets already flooded with an oversupply of homes for sale.

“It’s almost like a tsunami — you can see it coming and you know it’s going to hit but you can’t get out of the way,” said Ann Stickel, vice president of affiliated services with Sarasota, Fla.-based brokerage Michael Saunders & Co.

So how many bank-owned properties aren’t even on the Multiple Listing Service yet? RealtyTrac senior vice president Rick Sharga puts the number at 75%. That’s a lot of houses.

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Tags: “The dollar collapse” “housing crisis” “financial crisis” subprime hyperinflation inflation economy “economic collapse” “stock market” “stock market collapse” “real estate” fed “federal reserve” money “fiat money” gold silver commodities housing bubble 2009 2008 downfall investing for sale training agent agency selling subprime Peter Schiff Jim Rogers Gerald Celente Alex Jones Ben Bernanke

Duration : 0:7:54

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