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GLG News by Land Acquisition Experts (US)

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Paul BurnsJuly 9, 2008
Back to the 50’s …
Analysis of: Envisioning a world of $200-a-barrel oil | www.latimes.com
Author: Paul Burns, Owner, City Investments
Changes to housing, autos, urban planning, public transportation, carpooling, consumer goods and retailing, manufacturing, restaurants, agriculture, mining and utility providers are coming.  There will be suppliers close to the ultimate user, zero or virtual mobility for workers and local vacations...
Paul BurnsJuly 8, 2008
Housing Market Costs Coming To Roost Now
Analysis of: Fix Congress’s Housing Fix | www.usnews.com
Author: Paul Burns, Owner, City Investments
The public is now going to be asked to support the housing mania of the 1st years of this century with tax look-backs to previous profits, with extended activity by the quasi-public lenders, Freddie Mac and Fannie Mae, and with government backing for loans written down to 85% of the new appraisal. ...
Paul BurnsJuly 8, 2008
How Long Is This Going To Take?
Analysis of: Bank Job | www.portfolio.com
Author: Paul Burns, Owner, City Investments
This article notes the recent statement building financing of financial institutions and concludes its opening remarks with “I don’t know, you don’t know, and they don’t know”.  The article states the assumptions of current bank recapitalizations and in particular recaps the Bear Stearns acquisition. ...
Jim BelfioreJuly 2, 2008
The Second Half: Buyer's Market
Analysis of: Unfinished subdivisions grinding to a halt | www.azcentral.com
Author: Jim Belfiore, President, Belfiore Real Estate Consulting
Bad news for some, though, will soon turn out to be good news for others.  The second half of this year will yield ample opportunities for residential land / lot buyers.  
Jim BelfioreJuly 1, 2008
Pushing to the Bottom
Analysis of: KB Home’s Loss Widens as Inventory of Unsold Houses Mounts | online.wsj.com
Author: Jim Belfiore, President, Belfiore Real Estate Consulting
Investors and market observers can count on continued homebuilder losses, as home prices a pushed downward further.
Paul BurnsJune 23, 2008
Commercial Real Estate Recourse Financing
Analysis of: Guarantee Gamble: Developers Dread Return of Recourse | online.wsj.com
Author: Paul Burns, Owner, City Investments
There were names like Fox & Carskadon, McNeil and Consolidated Capital among the biggest income property acquisition syndicators in the 70’s and 80’s, but no more.  And no more are thousands of other syndicators of that era big and small, who generally fell by the wayside as they could not...
Paul BurnsJune 23, 2008
American Demographics
Analysis of: The American Dream Goes On | www.usnews.com
Author: Paul Burns, Owner, City Investments
The referenced article begins with the now usual doomsday message which many including this writer have now exhausted ad nauseam.  Three relatively short paragraphs later, the Editor-in-Chief wraps up the forgone conclusions neatly and attempts to move on to some new meat.  You can read the...
June 17, 2008
LAS VEGAS: The Recovery Begins!
Analysis of: HOME INVENTORY INCREASES IN MAY | www.lvrj.com
Author: Steve Bottfeld, Principal, Marketing Solutions
May data for the Las Vegas housing market suggests that recovery is underway for the resale market.  Unfortunately, the data clearly points out that recovery does not yet extend into the new construction arena.
Paul BurnsJune 16, 2008
Hopw long wil our finacial institutions take to recover?
Analysis of: After $4.6 Billion in Losses Head Says FHA May Have To Shut Down | www.therealestatebloggers.com
Author: Paul Burns, Owner, City Investments
Three years after the change in the residential market, we have now come to the failure of the financial institutions which have supported the real estate backed consumer goods market of the recent past.  You might just as well have written the article about FNMA or FHLMC, as the same solvency...
Jim BelfioreJune 16, 2008
Another Lesson to be Learned?
Analysis of: Lessons From the Housing Bubble | online.wsj.com
Author: Jim Belfiore, President, Belfiore Real Estate Consulting
Our next lesson may be that homebuyers should carry some of the financial risk associated with owning a home.

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