Archive for the ‘The Economy’ Category
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Despair Grips the Real Estate Industry
As the US economy continues on its non-stop descent, and the federal government continues to borrow the country into the probability of insolvency, most people in the real estate industry are coming to the belief that the economy has transformed from recession into depression. Since January 2009, the Obama economic plan has resulted in the [...]
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Politics and Real Estate: Conjoined Twins
Some people ask me, “Why are you so involved in political discussions?” Then, there are others who are far more critical of my involvement in political discussion (including my own son). And, there are yet others who are also in the real estate industry, who warn me, “You’re going to alienate potential clients by talking [...]
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Foreclosure Solution: The Assumable Mortgage
So, what IS an “assumable mortgage”? An “assumable mortgage” is exactly what it sounds like; it is when a buyer agrees to take over the payments from the seller on the seller’s existing mortgage. Sounds simple enough, right? And, it is. Many people don’t know this, but, mortgage assumptions were quite common during the 40± [...]
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The Retail Cannibals
In many high population communities there are retail shopping centers on virtually every corner. Such is the case in the greater Phoenix area, for example, where the major roads are laid out in a 1 square mile perimeter grid pattern, there is typically at least 1 (but, more commonly 2) retail community strip center on [...]
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So, What Do We Do, Now?
Got a call last week from a fellow commercial real estate broker friend. Although, we talk on the phone, I haven’t seen him in a couple of years. He was wondering if I was going to attend a meeting of local commercial agents that happens every few weeks. Though I said I’d go, I forgot [...]
