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Cutting Edge Real Estate: Is There Anything New? Part 1
The world of real estate has pretty much stayed the same for decades. It's no different today than it was 50 years ago. The basic principles will never change. Is this true? Only part of it? Well, lets look at what is different in the real estate world. Also, lets see what is the same. Because of the unbelievable appreciation of land in recent years the real estate industry has grabbed the attention of Americans and also the world ( investment opportunities are worldwide) like it hasn't done for a long time. There were certainly periods in the USA's history where people were absolutely overtaken with the idea of making money from and possessing real estate. Take the decades in the 1800s as an example when people risked their lives to go west. The risks were amazing but the idea of a better life and of having their own land made it worthwhile. This is certainly a situation that could be described as being one that hasn't changed much because people are still looking at real estate investments, land development, land deals, building homes,acquiring land, and just looking for a better life. That will never change I believe even if some day, hundreds of years from now it means buying land on space cities and maybe even the moon. Heck, I don't think the idea of buying condos in space is really that far away actually. It will happen. ( Ok! This example can be described as a BIG difference.) Then again citing the 1800s people can also say things are dramatically different now than they were 175 years ago. The price for one. Remember the Louisiana Purchase? I think the US bought about ½ the states for the price of a pickup truck now days. Or in a more recent example,how about our purchase of Alaska from Russia? Another good speculative real estate deal for the US. Sorry to all the Russian and French readers out there. One thing the US has always seemed to be pretty good at is acquiring land at a good price. We haven't done that in a while though and I won't get into the reasons why not, as that would make this article an e-book for sure. Oh yes, the Manhattan deal was a good one for the USA also. We won't go into the political discussions of what happened to the Native Americans here either. So what is really new now? How about creative financing? This has been a big change in the last twenty years or so. It's all about getting more people able to buy homes. This helps the whole real estate industry as a whole. Not just the lower income levels who are able to buy the more expensive homes now days, but also the rich people as a kind of reverse "trickle down" theory. I will name this my trickle up theory. The original trickle down theory, which I was never a big believer in by the way, was about cutting taxes for the rich and making things easier for them in a business sense and then the money will trickle down to the middle and lower classes because the rich will be spending more money, thus creating more jobs and more wealth for the lower classes. This doesn't really work as well as some think in my opinion because the wealthy many times just keep their money in investments which don't trickle down as much. They trickle down but a portfolio of millions or billions doesn't really create as many jobs as would be created if all that money was in the hands of middle class workers where it would be put right back into the economy. But when lower income people can buy homes it certainly helps upper class investorsbecause this creates more demand and with less supply the prices go up for everyone. Something else that is new and getting more and more common is interest only mortgages. This also allows more people to get into the home buying market. Some believe the interest only mortgages will be a bad thing that will help burst the current so called housing bubble or real estate bubble. That is yet to be seen, but what is clear is that these creative financing solutions are helping thousands buy their homes. The interest only loans are also helping the real estate investors quite a bit, especially those who are looking to buy, repair and sell. Or those who are looking to buy a piece of land, build on it and flip it ( sell it ). These people like the no interest loans because they don't really care about paying down the principal. The wrap around mortgage is a mortgage that isn't new. It has been around for a while but after losing popularity in the 70s it may be making a come back. Check out this link that describes it in more detail and has an e-book that goes into greater detail about the "wraparound mortgage";The Secrets of the Little Known Wraparound Mortgages. http://www.automateyourwebsite.com/app/?af=268818&u=http://www.cashflowinstitute.com/wrap.htm Here's another very popular newer type of loan, the non-income verification loans, also known as NIV loans and stated income loans. This has also been a part of the creative financing process of finding ways to get more people into loans. Actually it just shows that banks and mortgage companies have lowered the qualifications and standards to buy a home. That is a good thing as far as I am concerned. The rich may be getting richer but at least the poor have a better chance of owning a home. The middle class also. Statistics show that the home owners percentage is at an all time high in most areas. This has a lot to do with these ideas such as the "stated income" or 'niv loans'. Here is an article about the 'NIV loan;http://www.cutting-edge-real-estate.com/nivloans.htm The real estate industry is the best industry in the world I believe but first make sure you look at as much information as you can find before investing. Well, to a certain extent anyways. Don't wait too long. At some point you need to take action whether it is buying your first home, second home, investment home or a development. Don't be one of those who says " I wish I had bought a house way back when." Tim Phelan is a full time internet marketer who has been self employed for the last 12 years. Real estate, the environment, art, world culture, politics are some of his other interests. Visit this site for some info on two of these interests:http://www.cutting-edge-real-estate.com Blog: http://timphelansblog.blogspot.com/ Copyright Tim Phelan 2005
MORE RESOURCES: Climate change may transform Nantucket's real estate market The Boston Globe Another office building to rise within Crescent Fort Worth development The Dallas Morning News Pummeled Blackstone Real Estate Unit Seems Poised for a Revival | Chief Investment Officer Chief Investment Officer FBI is investigating Eastside real estate firm iCap, lawyers say The Seattle Times Gisele Bündchen's Houses: A Peek Inside the Supermodel's Real Estate Portfolio Architectural Digest Three Tax-Smart Strategies for Real Estate Investing Kiplinger's Personal Finance See How Commercial Real Estate Deals Are Being Cut As Debts Mount Business Insider Public records: Muskingum County, Ohio, real estate transfers Zanesville Times Recorder Real Estate Transfers: March 28, 2024 - Riverhead News Review Riverhead News Review UBS flags commercial real estate downturn as a top risk Yahoo Finance Squatters 'claim everything to be theirs,' real estate agent says WPTV News Channel 5 West Palm SRS Real Estate Partners closes $11.91 million sale of Toledo shopping center – REJournals REjournals.com Ex-LA deputy mayor Raymond Chan convicted in real estate corruption scandal South China Morning Post Ask a real estate pro: How can I protect against wire scams? South Florida Sun Sentinel Apartments and warehouses – today's real estate darlings – in for a rough ride Pensions & Investments Real estate commission changes could be coming this summer Spectrum News 1 'Property poetry'? Real estate ads and literature have more in common than you might think The Conversation Real Estate Transactions for March 28 Zip06.com Fortune Favors Early Movers in America's Property Crunch The Wall Street Journal Homes for Sale in New York and New Jersey The New York Times Real estate and property management TOGETHER | Business | derbyinformer.com The Derby Informer What you need to know about the NAR real estate commission lawsuit? Sarasota Herald-Tribune Homes for Sale in Manhattan and on Staten Island The New York Times 8 CE credits available for real estate agents at Northern Colorado Real Estate Summit – BizWest BizWest Gaston County approves incentives for proposed Tectonic Real Estate industrial project - Charlotte Business Journal The Business Journals RioCan Real Estate Investment Trust Completes Issuance of an Additional $150 Million of Series AJ Senior Unsecured ... Business Wire Most Impactful Real Estate Leaders 2024 - Forbes Lists Forbes Middle East Inside Business: Flanery: The perks of real estate ownership at tax time Estes Park Trail-Gazette REAL ESTATE | What would you like to see happen with the old Kettle Moraine Bowl? washingtoncountyinsider.com Jon Stewart benefited by 829% 'overvalue' of his NYC home even as he labels Trump's civil case 'not victimless' New York Post Texas Real Estate Veterans React to NAR Settlement The Real Deal Why S&P Cut Outlook for Five US Regional Banks With Heavy Commercial Real Estate Exposure Investopedia The Homeowners Who Beat the National Association of Realtors The New York Times Real estate giant Compass to pay $57.5M to settle clams it overcharged US home sellers New York Post Best time to sell a home is now; Philly ranks high as rental destination - The Philadelphia Inquirer Best time to sell a home is now; Philly ranks high as rental destination The Philadelphia Inquirer Alternative Wealth Partners Launches Second Fund Targeting $150M for Energy, Manufacturing, Real Estate, and ... dallasinnovates.com 5 Desired Features for Vacation Rentals Real Estate Acore's US real estate debt fund gets New Mexico SIC backing IPE Real Assets Marquis Who's Who Honors Raquel Lavender for Success in Real Estate 24-7 Press Release Real estate transactions in office sector down $1 billion from last year Scotsman Guide News The Office Market Is in Turmoil. So Why Are Rents More Expensive? The Wall Street Journal One of central Ohio's oldest homes comes listed for sale The Columbus Dispatch REAL ESTATE | New $34M We Energies service center proposed in West Bend, WI washingtoncountyinsider.com CVA Family Office LLC Invests $56000 in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Defense World Kingswood Wealth Advisors LLC Has $420000 Position in Vanguard Real Estate ETF (NYSEARCA:VNQ) Defense World Realtor commission change delivers a boon to homebuilders, a blow to real estate platforms Yahoo Finance Why Every Residential Real Estate Investor Is Suddenly Richer Financial Samurai New Rule Change Could Be 'Worst Thing Ever' for Realtors And Great News For Homebuyers, With This Real Estate ... Yahoo Finance SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Shares Pass Below Fifty Day Moving Average of $23.83 Defense World Thought Leader Dan Barrins shares Chicago’s real estate transfer tax reaction WGN Radio - Chicago Real estate agent uncovers 'misinformation' involving major settlement that could shake up industry practices Fox Business Here%E2%80%99s+the+latest+real+estate+statistics+for+New+Orleans+area+home+sales+prices%2C+inventory+ ... New Orleans CityBusiness Is The Housing Market Going To Crash? Bankrate.com Check-Cap to Be Bought by real estate Marketplace Nobul The Wall Street Journal Realtor group will pay $418M to settle commission lawsuits The Associated Press Chicago Voters Reject Real Estate Tax Change to Fund Homeless Programs The New York Times 'Shark Tank' star Barbara Corcoran reveals when housing prices ‘will go through the roof’ Fox Business 4751 Shares in SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) Purchased by CoreCap Advisors LLC Defense World High-ranking officials' wealth dips due to real estate The Korea JoongAng Daily How sweeping U.S real estate changes could impact Canada Yahoo News Canada |
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