GLG News by Infrastructure Construction Experts (North America)

We’re 300 million people out of a world population of 6.5 billion. We control 1/5 of the world’s economy and we’re the world’s biggest importer. Everybody in the rest of the world who could has funded our recent deficits. We’ve consumed our way into a weak dollar. The good news is that we’ve made other...

 Let’s suppose you bought an 8 year supply of land at the historical peak of the market both as to land prices and annual housing production.Further, let’s suppose that you have positioned yourself to develop a wide spectrum of commercial and industrial property types in many multi-phase developments...

Ethanol as an energy source is not as cost efficient as we think.Cost of water, fertilizer, transportation, blending and subsidies detract from its attractiveness.In the long term we cannot produce enough renewable energy to make a signifigant dent in our energy demand.Corn and rape seed as feed...

 Add the following to the contents of the referenced article: 1.The prices recording now are not the story of the housing market where many who wish to sell do not or cannot because the prices they want are unaffordable for the available buyers.That inventory lingers unlisted for the most part...

Commercial real estate pricing is accelerating because investors have money to spend: 1.This capital is drawn from the national coffers by increasing the amount of debt versus equity – in other words, we are leveraging our national economic future for this market; 2.The leverage shown throughout...

The mortgage market will benefit from: 1.  A new sub-prime industry with an equity requirement for buyers; 2.  The resurgence of the FHA; 3.  Attractive lender financing for foreclosed property.

Here’s what the future holds: 1.  Accelerated foreclosures/deeds in lieu/short sales leading to record inventories of unsold houses and for-sale pricing crashes nationwide; 2.  The inability of home builders, land developers and leveraged land investors/speculators to hold their positions...

 The evidence piled up last week to support: 1.  The premise that housing prices will plummet as foreclosures rise, loans to facilitate housing purchases will become more dear as to terms if not cost and affordability is stretched further by energy, food and healthcare costs; 2. ...

The contention of interest proposed here is that single women are generally interested in purchasing a home and that the home of choice is most often a smaller and more affordable unit.  OK, so I added the more affordable part, but I think you’ll grant me the inclusion.  A lot of attention...

The results of all this will be an implosion of prices in most markets.  I can make a case for New York City and Washington D.C., but the affordability there is so low that I think I’d be wrong to make the point.  Last year I was momentarily high on Las Vegas and I was wrong, so I’m reluctant...