I think that we’d all agree that the last couple of weeks have been brutal ones for our various markets: the stock market closed Friday at 2004 levels, Oil is at an all-time high, and the real estate market here in Michigan continues to plunge to new lows.
And all I keep hearing is doom and [...]
Filed in Life 3 Comments so far
Captain Obvious reporting. I was reading the Wall Street Journal yesterday and saw how bad things are right now in terms of available returns on investment.
You can tell the bad news by just reading the headlines and some of the charts:
Steep Fall for High-Flyers (China and India stock markets are down over 50%)
Even Defensive Names [...]
Filed in Real Estate 3 Comments so far
Thomson financial published a good article** on this this morning. Commercial real estate is (and has been) dead here in southeastern Michigan now for a while, except for apartments, which keep going strong. I’m seeing low vacancies, strong rental demand, and healthy rents. This combined with fantastic cap rates and upside potential make this a great time to [...]
Filed in Real Estate 2 Comments so far
Call it blinding flash of the obvious number, what? 87 or 88 for me at least? But after spending the last 25 years or so always looking out toward the future, I figured out a couple of weeks ago that the journey is really the thing.
Those of you that have already figured that out are [...]
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When I first began this blog ten months or so ago I began writing about the irresponsible action that the federal reserve was taking to prop up the American stock markets.
My point was that in the past, when the fed acted to impact the economy in one way or another they had always targeted some [...]
Filed in Real Estate One Response so far
