Richard Lambros with BIASC on TNG Radio
Bruce Norris is joined this week by CEO of the Builders Industry Association of Southern California and panelist for I Survived Real Estate 2008, Richard Lambros. Richard and Bruce discuss the current market, when the slow down was anticipated, how much worse it’s been than expected, percentage off in building permits in Southern California, how this downturn differs from the past downturns, the speed of deceleration, the leading factors causing the problem, the credit market getting tight really causing problems, light at the end of the tunnel, HR3221 and how it will change and help the market, stabilizing credit markets, helping the foreclosure issue, how HR3221 will help builders directly, FHA and the new loan limits, why it’s so important that limits have changed, median home prices, supply shortage of housing, homeownership levels and how California compares to other states, affordability, misconceptions that builders make huge returns on projects, cities adding fees during a boom, cities focusing on product that produce taxes and creating fees for product that does not, how some cities are actually helping by differing fees in this down market, if a big budget deficit is a concern for the building industry, some cities actually putting together incentive packages to stimulate building but a deficit causing a decline, Prop 13 and concerns, the Builders Industry Association and legislation and how the BIA is involved, how builders are highly regulated, green building and zero net energy homes, the BIA’s stance on green, how California already builds some of the most energy efficient homes in the nation, construction loans in the current market and lenders willingness to lend for building, land prices in the current market, how builders took bad outlooks in a booming market, the statistics builders watch that will suggest a comeback, biasc.org.
Richard Lambros is the Chief Executive Officer of the Building Industry Association of Southern California (BIA/SC), a non-profit trade association representing over 2,200 member companies involved in all aspects of the building industry in the six-county Los Angeles metropolitan area. The 38,000-square-mile region is home to over 16-million residents.
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I Survived Real Estate 2008 took place on August 23rd, 2008 at the Nixon Library in Yorba Linda, CA. The event proceeds went to benefit the Orange County Affiliate of the Susan G. Komen for the Cure. Over 400 attended the live event, many more attended online via Proxibid who aired the entire event nationwide online over the Internet, and many more will watch the event recording online.
This event was about solutions for our ailing real estate industry and to help an important cause. Eight industry experts from different real estate sectors converged to discuss how we got here, where we're going, and how we move forward together and prosper in the coming year. This is a rare opportunity to hear how leadership from the Realtors, builders, investors, mortgage industry, auctioneers and service providers each would approach and solve issues in the current California and national real estate market.
Expert Real Estate Panelists Inclulded:
Tommy Williams, President of the National Auctioneers Association
Rick Sharga, VP Marketing RealtyTrac
Christopher Thornberg, Beacon Economics
Bruce Norris,
President of The Norris Group
Joel Singer, Executive VP for C.A.R.
Annemaria Allen, The Compliance Group
Richard Lambros, Building Industry Association of Southern California
Philip X. Tirone, 7 Steps to a 720 Credit Score
Click HERE to see information on I Survived Real Estate 2008 including information about the video online. A very special to the following sponsors who made I Survived Real Estate 2008 possible:
I Survived Real Estate 2008 Platinum Sponsors:
San Diego Creative Investors Association (SDCIA) and Bill Tan: http://www.sdcia.com/
Investors Workshops and Shawn Watkins: http://www.investorsworkshops.com/
Frye / Wiles: http://www.fryewiles.com/
Proxibid: http://www.proxibid.com/
White House Catering: http://www.whcatering.com/
MVT Productions: http://www.mvtpro.com/
Pechanga Resort & Casino: http://www.pechanga.com/home.asp
The Denver Nuggets: http://www.nba.com/nuggets/
The Chicago Bulls: http://www.nba.com/bulls/
The Cleveland Cavaliers: http://www.nba.com/cavaliers/
Gold Sponsors:
Silverstar Finance - http://www.silverstarfinance.com/
Elite Auctions - http://www.sellwithauction.com/
7 Steps to a 720 Credit Score: http://www.7stepsto720.com/
RealtyTrac - http://www.realtytrac.com/
The Mission Inn - http://www.missioninn.com/
Las Brisas Escrow - http://www.lasbrisasescrow.com/
Chicago Title Company - https://www.ctic.com/
The Mortgage Equity Group - http://themeg.net/
Wholesale Capital Corporation - http://www.wccmtg.com/
Real Wealth Investor - http://www.realwealthinvestor.com/
Saddleback Valley Communities: http://svc4.com/
Sunset Hills Memorial Park and Mortuary: http://www.sunsethills.cc/ =
Northern California Real Estate Investors Association (NORCALREI) - http://www.norcalreia.com/
The Short Sale Processor and Nick Manfredi - http://www.theshortsaleprocessor.com/
Investors Resource Center of America Los Angeles Chapter (IRCA)- http://www.irca-losangeles.com/
The Naked Real Estate Investor Club - Rosie Nieto - http://www.nakedrealestateinvestorsclub.com/
Real Wealth Investor - http://realwealthonline.com/
Northern San Diego Real Estate Investors - http://www.nsdrei.org/
National Club of Real Estate Investors - http://www.ncrei.com/
Virtual Real Estate Tour and Layla Tusko - http://1wealthcreation.com/
Real Estate Investors Club of Los Angeles and Phyllis Rockower - http://www.realestateclubla.com/
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