Here's a video from CNBC that sums up what 2012 will look like...more Short Sales and REOs. Click Photo for Video SIX MILLION HOMEOWNERS ARE IN SOME FORM OF DEFAULT ON THEIR MORTGAGES. American home prices have already fallen farther and faster than the Great Depression price crash for homes in
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12/31/2011
Hi! I'm Tom Waite, Real Estate Broker, selling Apartment Building Investments and Homes in Orange and Los Angeles Counties in California and I blog on Active Rain. My Active Rain Blog today is taking me over 100K...sorta' rhymes, doesn't it? When I first started blogging about 2 years ago it neve
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10/20/2011
You may be thinking right now, with all the Smart People out there working, thinking and talking about how to create a real estate recovery in the current market...where the Heck does Tom come off with his boast above...solving the housing crisis with ONE SINGLE WORD? Well, first look at this pie
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10/12/2011
EVERYONE RECOGNIZES THAT THERE WILL BE A NEED FOR MILLIONS OF RENTAL UNITS OVER THE NEXT FEW YEARS DUE TO THE NUMBERS OF FORMER HOMEOWNERS WHO ARE DISPLACED FOLLOWING FORECLOSURE. If we needed more proof that the Obama Administration is using the FDR playbook, a worn out old group of Socialist id
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08/11/2011
NO MAN IS SO BLIND AS HE WHO REFUSES TO SEE!...goes the old adage. It's attributed to nearly everyone, including Jesus. It looks like its going to be a while, maybe 2014 or 2015 before this down cycle in real estate hits bottom. The REAL reason for this is LACK OF JOBS. One can offer anything in
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07/21/2011
A middle-school teacher always told his class (I was in it) AN OUNCE OF PREPARATION IS WORTH A POUND OF CURE.....get prepared for the next leg of the American Real Estate Adjustment... I have written, many times, and dealt with ALL of the items on Morningstar's Bearemy Glaser's list, however, he
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06/08/2011
THE REAL ESTATE MARKET IS OFFICIALLY IN DOUBLE DIP STATUS! I guess saying I told you so would be out of the question, right? I TOLD YOU SO! But how could our Highly Paid N.A.R. Economic Analyst Larry Yun...miss it? See my blogs from 5/29/11 http://actvra.in/bzH and Yun Speak from 5/28/11 http://
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06/02/2011
WHY DIDN'T LARRY YUN POINT OUT THAT P.M.I STOCK IS TANKING? You saw his VIDEO, yesterday, on my blog...did he say ANYTHING about P.M.I? What, you never heard about this? Well, I'm going to inform you in just a minute. THE FACT THAT P.M.I. is going bankrupt is a much bigger story than Yun's blam
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05/29/2011
DEFINITION: unintelligible un·in·tel·li·gi·ble (nn-tl-j-bl) adj. Being such that understanding or comprehension is difficult or impossible; incomprehensible: unintelligible remarks; an unintelligible prose passage. unin·telli·gi·bili·ty n. unin·telli·gi·bly adv. I just wanted you to know what t
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05/28/2011
BEN BERNANKE'S BIG ADVENTURE! The chart below shows that since QE1 thru QE2 the VALUE of the dollar has dropped...a lot and the cost of Oil has gone up...a lot! That's why I advise YOU to buy Southern California Apartment Building Investment Properties before the prices skyrocket as vacancies fa
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04/13/2011
