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Rental rates follow job market

February 17, 2009

Analysis of:A Month Free? Rents Are Falling Fast | www.nytimes.com

Rents received are a directly proportional to job market strength. As jobs soften, so do rents and vice versa. In this market, renters are finding roommates or returning to live with family/friends to reduce costs and expenses.

Waiting for dawn...

January 9, 2009

Analysis of:All tunnel, no light | www.property-report.com

Job losses continue to escalate

My investments are safe with Institutional investors- So you think!

November 21, 2008

Analysis of:DBSI Failure Shows Spread of Turmoil in Real Estate | online.wsj.com

It is critically important to understand the fundamentals of the investment strategy before you commit your money. There are super sales people who can convince a drowning person to buy more water- unfortunately those same sales persons are interested in collecting their fee and little else. By understanding the fundamentals of a deal, one is able to determine the risk associated with the investment and then assign a fair rate of return for said risk OR walk away. When TIC sponsors purchase properties at the height of the market- there is a long time period required for appreciation to catch the true market value. If the asset does not cash flow from the first day- it is drowning. Some TIC sponsors purchased because they are fee driven- none of the TIC sponsors I work with will consider assets that can't stand on their own from day one. A great sponsor is relationship driven- not fee driven. How well do you know your sponsor? Who has double checked the calculations and assumptions?

The Subprime Pipeline

May 9, 2008

Analysis of:Bulletproof housing markets get hit | money.cnn.com

The subprime pipeline has a ways to go. Very much like a virus infects humans- it must run it's course. In 2002 the rebirth of the subprime mortgage began to prevent our economy from dipping into recession. In 2007, the market shows the first short sales and foreclosures. The 125% rule of negative amortizing loans continues to trigger as housing prices slide, leaving more inventory on the market ahead of schedule. Will it take five years from 2007 to exhaust the build up of Neg Am loans? What about the less dramatic Interest Only loan?

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