INFLATION, THE DOLLAR AND HOME PRICES

[socrattt]

My guess is the banks have to start pondering these ideas of a larger bulk sales due to the fact that the holding costs including property taxes, maintenance (I am told there are some cities that are making banks keep up on landscaping), mello roos and of course the commissions paid out to agents. It seems as though the banks just can’t afford to watch these homes continue to sit on a market with few buyers.

I just think it is a matter of time before we hear of some type of larger transaction that may actually change the shape of the real estate market. The banks just can’t continue to sit with this inventory because it just doesn’t make sense.

[Eugene]

what will stop an investment group from Europe or Middle East to work a deal out with multiple banks to buy foreclosures in bulk at 70-80 cents on the dollar.

If they are going to buy them and then put them on the market, what difference does it make to you? A must-sell house is a must-sell house, whether it’s owned by Countrywide or by a Middle Eastern investment group.

If they are going to rent those out, it means that rental cash-flow numbers must work out. Not just work out, but they must be able to hire local property managers and make decent profit after they account for vacancies, expenses, etc. Ask yourself, what kind of return would you require to convince you to invest money into rental properties in Australia or Ireland?

But if those numbers look so good to foreign investors, they must look even better to domestic investors. So, the real estate market will be hot. Banks won’t be very enthusiastic about bulk sales of their REOs for 80 cents on the dollar if they can get 94 cents just by hiring a realtor.

[Eugene]

what will stop an investment group from Europe or Middle East to work a deal out with multiple banks to buy foreclosures in bulk at 70-80 cents on the dollar.

If they are going to buy them and then put them on the market, what difference does it make to you? A must-sell house is a must-sell house, whether it’s owned by Countrywide or by a Middle Eastern investment group.

If they are going to rent those out, it means that rental cash-flow numbers must work out. Not just work out, but they must be able to hire local property managers and make decent profit after they account for vacancies, expenses, etc. Ask yourself, what kind of return would you require to convince you to invest money into rental properties in Australia or Ireland?

But if those numbers look so good to foreign investors, they must look even better to domestic investors. So, the real estate market will be hot. Banks won’t be very enthusiastic about bulk sales of their REOs for 80 cents on the dollar if they can get 94 cents just by hiring a realtor.

[Eugene]

what will stop an investment group from Europe or Middle East to work a deal out with multiple banks to buy foreclosures in bulk at 70-80 cents on the dollar.

If they are going to buy them and then put them on the market, what difference does it make to you? A must-sell house is a must-sell house, whether it’s owned by Countrywide or by a Middle Eastern investment group.

If they are going to rent those out, it means that rental cash-flow numbers must work out. Not just work out, but they must be able to hire local property managers and make decent profit after they account for vacancies, expenses, etc. Ask yourself, what kind of return would you require to convince you to invest money into rental properties in Australia or Ireland?

But if those numbers look so good to foreign investors, they must look even better to domestic investors. So, the real estate market will be hot. Banks won’t be very enthusiastic about bulk sales of their REOs for 80 cents on the dollar if they can get 94 cents just by hiring a realtor.

[Eugene]

what will stop an investment group from Europe or Middle East to work a deal out with multiple banks to buy foreclosures in bulk at 70-80 cents on the dollar.

If they are going to buy them and then put them on the market, what difference does it make to you? A must-sell house is a must-sell house, whether it’s owned by Countrywide or by a Middle Eastern investment group.

If they are going to rent those out, it means that rental cash-flow numbers must work out. Not just work out, but they must be able to hire local property managers and make decent profit after they account for vacancies, expenses, etc. Ask yourself, what kind of return would you require to convince you to invest money into rental properties in Australia or Ireland?

But if those numbers look so good to foreign investors, they must look even better to domestic investors. So, the real estate market will be hot. Banks won’t be very enthusiastic about bulk sales of their REOs for 80 cents on the dollar if they can get 94 cents just by hiring a realtor.

[Eugene]

what will stop an investment group from Europe or Middle East to work a deal out with multiple banks to buy foreclosures in bulk at 70-80 cents on the dollar.

If they are going to buy them and then put them on the market, what difference does it make to you? A must-sell house is a must-sell house, whether it’s owned by Countrywide or by a Middle Eastern investment group.

If they are going to rent those out, it means that rental cash-flow numbers must work out. Not just work out, but they must be able to hire local property managers and make decent profit after they account for vacancies, expenses, etc. Ask yourself, what kind of return would you require to convince you to invest money into rental properties in Australia or Ireland?

But if those numbers look so good to foreign investors, they must look even better to domestic investors. So, the real estate market will be hot. Banks won’t be very enthusiastic about bulk sales of their REOs for 80 cents on the dollar if they can get 94 cents just by hiring a realtor.

[cr]

Good points esmith. Why would foreign money bother with RE when they can buy entire corporations?

Plus, foreign money was always late in the game. As soon as MSM realizes it will be a decade before housing returns solid gains again, foreigners will be the first to jump ship.

[cr]

Good points esmith. Why would foreign money bother with RE when they can buy entire corporations?

Plus, foreign money was always late in the game. As soon as MSM realizes it will be a decade before housing returns solid gains again, foreigners will be the first to jump ship.

[cr]

Good points esmith. Why would foreign money bother with RE when they can buy entire corporations?

Plus, foreign money was always late in the game. As soon as MSM realizes it will be a decade before housing returns solid gains again, foreigners will be the first to jump ship.

[cr]

Good points esmith. Why would foreign money bother with RE when they can buy entire corporations?

Plus, foreign money was always late in the game. As soon as MSM realizes it will be a decade before housing returns solid gains again, foreigners will be the first to jump ship.

[cr]

Good points esmith. Why would foreign money bother with RE when they can buy entire corporations?

Plus, foreign money was always late in the game. As soon as MSM realizes it will be a decade before housing returns solid gains again, foreigners will be the first to jump ship.

[kewp]

I think some funds just bought some tranches for about 5% to 22% of their marked value.

Give the man a dollar!

Indeed, private equity firms are already purchasing non-performing assets for pennies on the dollar. From what I’ve heard most of these are domestic outfits, as they have a better understanding of the local markets here.

I expect this trend to pick up and foreign equity to get involved soon.

Something else to look for; our government granting citizenship in exchange for purchasing distressed properties at some fixed minimum.

[kewp]

I think some funds just bought some tranches for about 5% to 22% of their marked value.

Give the man a dollar!

Indeed, private equity firms are already purchasing non-performing assets for pennies on the dollar. From what I’ve heard most of these are domestic outfits, as they have a better understanding of the local markets here.

I expect this trend to pick up and foreign equity to get involved soon.

Something else to look for; our government granting citizenship in exchange for purchasing distressed properties at some fixed minimum.

[kewp]

I think some funds just bought some tranches for about 5% to 22% of their marked value.

Give the man a dollar!

Indeed, private equity firms are already purchasing non-performing assets for pennies on the dollar. From what I’ve heard most of these are domestic outfits, as they have a better understanding of the local markets here.

I expect this trend to pick up and foreign equity to get involved soon.

Something else to look for; our government granting citizenship in exchange for purchasing distressed properties at some fixed minimum.

[kewp]

I think some funds just bought some tranches for about 5% to 22% of their marked value.

Give the man a dollar!

Indeed, private equity firms are already purchasing non-performing assets for pennies on the dollar. From what I’ve heard most of these are domestic outfits, as they have a better understanding of the local markets here.

I expect this trend to pick up and foreign equity to get involved soon.

Something else to look for; our government granting citizenship in exchange for purchasing distressed properties at some fixed minimum.

[Author]

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