[HLS]

The country needs an enema, and it’s coming.

There needs to be a cycle to get people back to reality, without falling victim to marketing and supporting the economy.

1960’s wasnt that long ago, but WOW have attitudes changed.

The expectations and insisting on immediate gratification of several generations needs to be dealt with.

Psychology changed quickly about buying houses, wait until it changes about “investing” in stocks. Watch out below.

[HLS]

The country needs an enema, and it’s coming.

There needs to be a cycle to get people back to reality, without falling victim to marketing and supporting the economy.

1960’s wasnt that long ago, but WOW have attitudes changed.

The expectations and insisting on immediate gratification of several generations needs to be dealt with.

Psychology changed quickly about buying houses, wait until it changes about “investing” in stocks. Watch out below.

[HLS]

You aren’t going to see rents drop equivalent to Kansas City or Tulsa, or Spokane.
“Everyone wants to live here” remember ???

The affordable market rents in an area will determine the “value” of a house to a prudent investor, using a multiple of 100x-125x monthly gross rent.

The $2000 mo. rent makes that house worth $200K-$250K, it’s not worth $450K today because the value was $600K in 2005.

The biggest mistake that people are making today is using the bubble price as a measure. (Because it was $600k then, $450 must be a bargain)

Many investors aren’t “prudent” The stock market is a perfect example, except people find out that they are screwed much faster in the stock market.

I don’t care what 2000 prices were or what 2005 prices were. The “value” of a house today to an investor is based on rents today and upon the return that can be generated on the investment, also factoring in the loss of opportunity value on any down payment.

75% of landlords probably don’t know what a CAP rate is, yet call themselves “RE investors”

People bought stocks all the way down after the dot com bubble, thinking that they were cheap based on the peak prices. It didn’t work then and it won’t work now.

Many people are simply being ruled by fear or greed, without understanding how markets work.

I still predict that many properties will be short sales OR foreclosed on twice in the period from 2006-2011.

[HLS]

You aren’t going to see rents drop equivalent to Kansas City or Tulsa, or Spokane.
“Everyone wants to live here” remember ???

The affordable market rents in an area will determine the “value” of a house to a prudent investor, using a multiple of 100x-125x monthly gross rent.

The $2000 mo. rent makes that house worth $200K-$250K, it’s not worth $450K today because the value was $600K in 2005.

The biggest mistake that people are making today is using the bubble price as a measure. (Because it was $600k then, $450 must be a bargain)

Many investors aren’t “prudent” The stock market is a perfect example, except people find out that they are screwed much faster in the stock market.

I don’t care what 2000 prices were or what 2005 prices were. The “value” of a house today to an investor is based on rents today and upon the return that can be generated on the investment, also factoring in the loss of opportunity value on any down payment.

75% of landlords probably don’t know what a CAP rate is, yet call themselves “RE investors”

People bought stocks all the way down after the dot com bubble, thinking that they were cheap based on the peak prices. It didn’t work then and it won’t work now.

Many people are simply being ruled by fear or greed, without understanding how markets work.

I still predict that many properties will be short sales OR foreclosed on twice in the period from 2006-2011.

[HLS]

You aren’t going to see rents drop equivalent to Kansas City or Tulsa, or Spokane.
“Everyone wants to live here” remember ???

The affordable market rents in an area will determine the “value” of a house to a prudent investor, using a multiple of 100x-125x monthly gross rent.

The $2000 mo. rent makes that house worth $200K-$250K, it’s not worth $450K today because the value was $600K in 2005.

The biggest mistake that people are making today is using the bubble price as a measure. (Because it was $600k then, $450 must be a bargain)

Many investors aren’t “prudent” The stock market is a perfect example, except people find out that they are screwed much faster in the stock market.

I don’t care what 2000 prices were or what 2005 prices were. The “value” of a house today to an investor is based on rents today and upon the return that can be generated on the investment, also factoring in the loss of opportunity value on any down payment.

75% of landlords probably don’t know what a CAP rate is, yet call themselves “RE investors”

People bought stocks all the way down after the dot com bubble, thinking that they were cheap based on the peak prices. It didn’t work then and it won’t work now.

Many people are simply being ruled by fear or greed, without understanding how markets work.

I still predict that many properties will be short sales OR foreclosed on twice in the period from 2006-2011.

[HLS]

You aren’t going to see rents drop equivalent to Kansas City or Tulsa, or Spokane.
“Everyone wants to live here” remember ???

The affordable market rents in an area will determine the “value” of a house to a prudent investor, using a multiple of 100x-125x monthly gross rent.

The $2000 mo. rent makes that house worth $200K-$250K, it’s not worth $450K today because the value was $600K in 2005.

The biggest mistake that people are making today is using the bubble price as a measure. (Because it was $600k then, $450 must be a bargain)

Many investors aren’t “prudent” The stock market is a perfect example, except people find out that they are screwed much faster in the stock market.

I don’t care what 2000 prices were or what 2005 prices were. The “value” of a house today to an investor is based on rents today and upon the return that can be generated on the investment, also factoring in the loss of opportunity value on any down payment.

75% of landlords probably don’t know what a CAP rate is, yet call themselves “RE investors”

People bought stocks all the way down after the dot com bubble, thinking that they were cheap based on the peak prices. It didn’t work then and it won’t work now.

Many people are simply being ruled by fear or greed, without understanding how markets work.

I still predict that many properties will be short sales OR foreclosed on twice in the period from 2006-2011.

[HLS]

You aren’t going to see rents drop equivalent to Kansas City or Tulsa, or Spokane.
“Everyone wants to live here” remember ???

The affordable market rents in an area will determine the “value” of a house to a prudent investor, using a multiple of 100x-125x monthly gross rent.

The $2000 mo. rent makes that house worth $200K-$250K, it’s not worth $450K today because the value was $600K in 2005.

The biggest mistake that people are making today is using the bubble price as a measure. (Because it was $600k then, $450 must be a bargain)

Many investors aren’t “prudent” The stock market is a perfect example, except people find out that they are screwed much faster in the stock market.

I don’t care what 2000 prices were or what 2005 prices were. The “value” of a house today to an investor is based on rents today and upon the return that can be generated on the investment, also factoring in the loss of opportunity value on any down payment.

75% of landlords probably don’t know what a CAP rate is, yet call themselves “RE investors”

People bought stocks all the way down after the dot com bubble, thinking that they were cheap based on the peak prices. It didn’t work then and it won’t work now.

Many people are simply being ruled by fear or greed, without understanding how markets work.

I still predict that many properties will be short sales OR foreclosed on twice in the period from 2006-2011.

[HLS]

What a lot of you don’t realize is the number of people that are completely oblivious to the current prices.
Some people that have foreclosures in their neighborhood have no clue how much the house is priced at, and don’t care.

There are Joe-6-packs that go to work and make their payment,at least for now, oblivious to what the “value” of their house is.

30 YR fixed, Full Am loans ended the week at 5.25% with a cost; and 5.75% for a no cost loan. Many people just don’t qualify though.

Another strange thing today was that several lenders had a mid day price increase, but my best lender had a pricing drop.

Even though the FED cut rates 1.25% in the last 11 days, 30 YR fixed rates are about the same as they were 2 weeks ago.

You have no idea of the limited financial knowledge of many “homeowners” who are nothing more than slaves to their mortgage.

[HLS]

What a lot of you don’t realize is the number of people that are completely oblivious to the current prices.
Some people that have foreclosures in their neighborhood have no clue how much the house is priced at, and don’t care.

There are Joe-6-packs that go to work and make their payment,at least for now, oblivious to what the “value” of their house is.

30 YR fixed, Full Am loans ended the week at 5.25% with a cost; and 5.75% for a no cost loan. Many people just don’t qualify though.

Another strange thing today was that several lenders had a mid day price increase, but my best lender had a pricing drop.

Even though the FED cut rates 1.25% in the last 11 days, 30 YR fixed rates are about the same as they were 2 weeks ago.

You have no idea of the limited financial knowledge of many “homeowners” who are nothing more than slaves to their mortgage.

[HLS]

What a lot of you don’t realize is the number of people that are completely oblivious to the current prices.
Some people that have foreclosures in their neighborhood have no clue how much the house is priced at, and don’t care.

There are Joe-6-packs that go to work and make their payment,at least for now, oblivious to what the “value” of their house is.

30 YR fixed, Full Am loans ended the week at 5.25% with a cost; and 5.75% for a no cost loan. Many people just don’t qualify though.

Another strange thing today was that several lenders had a mid day price increase, but my best lender had a pricing drop.

Even though the FED cut rates 1.25% in the last 11 days, 30 YR fixed rates are about the same as they were 2 weeks ago.

You have no idea of the limited financial knowledge of many “homeowners” who are nothing more than slaves to their mortgage.

[HLS]

What a lot of you don’t realize is the number of people that are completely oblivious to the current prices.
Some people that have foreclosures in their neighborhood have no clue how much the house is priced at, and don’t care.

There are Joe-6-packs that go to work and make their payment,at least for now, oblivious to what the “value” of their house is.

30 YR fixed, Full Am loans ended the week at 5.25% with a cost; and 5.75% for a no cost loan. Many people just don’t qualify though.

Another strange thing today was that several lenders had a mid day price increase, but my best lender had a pricing drop.

Even though the FED cut rates 1.25% in the last 11 days, 30 YR fixed rates are about the same as they were 2 weeks ago.

You have no idea of the limited financial knowledge of many “homeowners” who are nothing more than slaves to their mortgage.

[HLS]

What a lot of you don’t realize is the number of people that are completely oblivious to the current prices.
Some people that have foreclosures in their neighborhood have no clue how much the house is priced at, and don’t care.

There are Joe-6-packs that go to work and make their payment,at least for now, oblivious to what the “value” of their house is.

30 YR fixed, Full Am loans ended the week at 5.25% with a cost; and 5.75% for a no cost loan. Many people just don’t qualify though.

Another strange thing today was that several lenders had a mid day price increase, but my best lender had a pricing drop.

Even though the FED cut rates 1.25% in the last 11 days, 30 YR fixed rates are about the same as they were 2 weeks ago.

You have no idea of the limited financial knowledge of many “homeowners” who are nothing more than slaves to their mortgage.

[HLS]

A “no cost” 30 YR loan is 6% today.
The PAR rate was 5.375% this morning.

Glad that it worked out for you.

[HLS]

A “no cost” 30 YR loan is 6% today.
The PAR rate was 5.375% this morning.

Glad that it worked out for you.

[HLS]

A “no cost” 30 YR loan is 6% today.
The PAR rate was 5.375% this morning.

Glad that it worked out for you.

[Author]

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