What did you think of 4 Part Series
It took me a while but I crank out the last of the Four Part series on how to Fix Housing, Unemployment and the Economy.
We discussed how The Government, The Banks, The Builders and The Investors could all work together to turn a 10+ year problem into a 3-4 year opportunity.
I am curious what else we could do if we had a magic wand and could put programs in place we wanted to help the Country get out of this mess faster.
Part 1: http://www.biggerpockets.com/blogs/788/blog_posts/16252-how-to-fix-housing-employment-and-the-economy-part-1-
Part 2: http://www.biggerpockets.com/blogs/788/blog_posts/16392-how-to-fix-housing-employment-and-the-economy-part-2-
Part 3: http://www.biggerpockets.com/blogs/788/blog_posts/16595-how-to-fix-housing-employment-and-the-economy-part-3-
Part 4: http://www.biggerpockets.com/blogs/788/blog_posts/16810-how-to-fix-housing-employment-and-the-economy-part-4-
Appreciate any and all feedback as always
Good Investing
Comments (2)
You are Very Welcome!!!
Michael Zuber, over 13 years ago
Great series! I think many investors are missing the bigger picture of what is going on in the economy. I like that your roll up actually contained real solutions to real problems. The next few years promise to be very interesting times. I think we definately need to keep our eyes on following: * Freddie and Fannie getting dissolved (probably not going to happen, but they will limit what they buy to stuff lower than 500K) which will further push prices down in markets with high land value – LA, SD, OC, SF, etc. * 30 year fix mortgage going away – this will also make home ownership out of the reach for most folks, especially since it looks like most lenders are going to require 20% for all transactions * FHA bubble – I think we’re in for another pop with FHA loans if values continue to drop. * Tax breaks – I can definitely see a shake up in the tax breaks, especially considering how hard up the Gov is for money. Mortgage interest deduction, depreciation, etc. It will probably look similar to what happened in the late 80s. This especially concerns me since CA has low property taxes. * GOV Renting REOs - I've been reading a lot of material stating that the Gov is considering renting out REOs until the market gets stable. On the up side, I think we are going to see the Gov try to partner with investors as a way to keep inventory moving. Thanks again for putting together such well thought out content.
Arthur Garcia, over 13 years ago