http://www.ptreia.com/2010/01/the-second-wave-of-mortgage-defaults/ Winston Salem, Greensboro & High Point Real Estate Investors Association Tue, 05 Jul 2011 10:22:44 +0000 hourly 1 http://www.ptreia.com/2010/01/the-second-wave-of-mortgage-defaults/comment-page-1/#comment-13 Coleman Alderson Tue, 19 Jan 2010 16:03:12 +0000 http://www.ptreia.com/?p=180#comment-13 How to ride the wave? Well, we know the banks HAVE to be aware of this oncoming surge. Good reason to keep credit tight. Perhaps, our future is in private lending. There will be LOTS of opportunity to buy but profitable selling is questionable with a drop in values, a rise in inventory, and anal retentive lending. Know where the highest rent office space is now? Not in New York, not in Atlanta (FKA HOTLANTA). It's in the Washington, DC area. The ONLY job sector that's growing is, you got it, BIG GOV. A well known economics professor recently pegged DC area REIT as a fairly sure bet. Locally? This Spring, there may be a dribble of positive "growth", leeeetle green shoots, and maybe (if folks in government can persuade us to ignore the RESET TSUNAMI) a bubble of opportunity. I think we'll put a few items on the shelf for sale to generate cash. It might be the last opportunity for some time. OK. Enough said. PLease, feel free to jump in! How to ride the wave? Well, we know the banks HAVE to be aware of this oncoming surge. Good reason to keep credit tight. Perhaps, our future is in private lending. There will be LOTS of opportunity to buy but profitable selling is questionable with a drop in values, a rise in inventory, and anal retentive lending.
Know where the highest rent office space is now? Not in New York, not in Atlanta (FKA HOTLANTA). It’s in the Washington, DC area. The ONLY job sector that’s growing is, you got it, BIG GOV. A well known economics professor recently pegged DC area REIT as a fairly sure bet.
Locally? This Spring, there may be a dribble of positive “growth”, leeeetle green shoots, and maybe (if folks in government can persuade us to ignore the RESET TSUNAMI) a bubble of opportunity. I think we’ll put
a few items on the shelf for sale to generate cash. It might be the last opportunity for some time.
OK. Enough said. PLease, feel free to jump in!

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