Colorado Federal Savings Bank seems to be making a lot of construction loans.

A LOT of distrress is leading to mergers and firings, in just the last few weeks, this happened: (Big credit to @NewsLambert)Lower to acquire Universal Lending retail and wholesale operations (11/1/23)Trustar Mortgage acquired by Archer Mortgage, LLC (11/1/23)People’s Bank of Commerce to exit residential mortgage lending (10/27/23)BMO Bank cutting 228 jobs in Northern California (10/25/23)Homestar Financial to wind down operations (10/25/23)City National Bank layoffs in Los Angeles total 71 (10/23/23)Hometown Lenders layoffs (10/12/23)First Savings Bank to lay off 135 mortgage workers (10/4/23)Wesley Mortgage absorbs competitor Colten Mortgage (10/4/23)Cenlar to lay off 85 in Ewing, NJ (10/2/23)Rithm Capital to acquire Computershare Mortgage Services Inc. (10/2/23)Wells Fargo cut 525 jobs in South Carolina (9/28/23)Better Mortgage lays off additional employees (9/22/23)The Graystone Company has acquired Direct Mortgage (9/13/23)Flyhomes to purchase certain assets of Home Sale Assured (9/13/23)Divvy Homes to cut 95 jobs in San Francisco (9/11/23)Farmers-Merchants Bank to sell three branches to focus on core mortgage business (9/11/23)It goes on…..The mortgage industry is in a starkly deep recession.And RIP refinances, unless you are holding an even higher interest rate loan (like a construction/bridge loan or hard money, or perhaps you just fixed your credit.

Getting started is usually the best thing someone can do because prices can sometimes appreciate faster than people can save.

And I just found out that there is a problem tenant.Hope I can save the deal.

My son just got married to a German young lady and they teach it over there....her spending/saving habits are incredible.Re your questions, I'm far from an economist but from what I hear discussed, the real worry is having this situation get so bad that we are no longer used as the world's reserve currency.

To save on fees for both parties, we are planning to handle the transaction ourselves.

This saves people a ton of time so they can then make a decision for themselves about the nuanced details of a deal. 

I am actively saving for the next place, and would like to avoid the traditional agents, bank fees, etc, and work directly with the seller off market on my next deal. 

We don't want to field zillions of after hours emergency calls for locked out roommates and their parents in the middle of the night, when there's nothing we can do save for drilling a lock or breaking a door (which would then need to be secured). 

I'm interested in Real Estate investing and have been saving money for a down payment.