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Is 2021 the End? Not for Real Estate


For all those who think the end is nigh, I inclined to say: You're late. For the Real Estate market ended in 2008. The market as we knew it is dead and gone and is not likely to return. Oh, don't get me wrong, this country is as stupid as it is bankrupt, so dumb policies will return. Perhaps 15 to 20 years from now, some sort of bubble will occur again. Washington and Wall Street are driven by greed not conscience or actual interest in doing the right thing.
But in the meantime we have foreclosures out the wazoo, banks that do not want to lend (despite their advertisements to the contrary) and a moribund economy that is sinking for all but the top 2% of earners. Things are great for Bill, Warren and the Donald, but for most others the going is getting rougher. Real wages have been declining for 30 years in America. No one seems to care or has even noticed. Few people realize the government now reports "household income" as opposed to average income, like it did back when I was young. Why, because household income covers the real truth, with a fiction. Sure income looks good, in comparison to the past, but it is with two earners, not one. So in reality it is half of what it would be, if still reported the old way.
I am not a Democrat, nor am I liberal. But I am not a fool and see what few others care to look at. In a country more worried about Brittany Spears or some rapper or sports star, we get the shaft from big corporations, banks and government. It was said by someone far wiser than me: People get the government they deserve.
We deserve what we get, because no one cares and no one is watching. If the herd (by that I mean the average idiot) was as concerned with the voting record of their congressman as they are the next Monday night football game, maybe we would have good government. Until then, expect NO real changes in Washington.
I am not a Republican either, so I am not defending either side. Both are despicable, in my mind. The left has lost their mind and the right has lost their common sense. I wish we could have a 3rd party, a middle of the road party. But don't hold your breath. The Tea party is not middle of the road, they don't know what they want. They define themselves by what they are against.
Well, enough about politics. People, who know me, know that I never really discuss politics, so this rant is not my norm. (The beauty of a blog, I can spout off all I want). But, back to my real reason for this blog, which is defined as a real estate related blog.
What does this all mean for REAL ESTATE?
Well, for one thing, house prices are not going to rise at anywhere near recent rates seen during the boom. Except is a few select markets, the rise will be very slow if at all, for some time. This is for four reasons.

  1. Foreclosures inhibit prices and there are still millions of them that have to be sold for their effect to end.
  2. Banks do not want to lend and policies now in place have greatly changed who qualifies in terms of credit rating and income ratios.
  3. This is NOT a country of savers and with $4.00 gas, who can save up the down payments now required?
  4. Demand is blunted also by the fact that people upside down in their homes have little desire to move up or downsize and take that beating in real (as opposed to paper) dollars.
  5. The economy. People who can buy, are afraid to take the plunge.
    Some economists and analysts still say further drops in prices are possible (or even likely) in many markets. This scares potential buyers, with good cause. I personally think further drops are likely in some areas and within any city, in some neighborhoods. Homes are still being foreclosed at high rates and this can only prolong the agony.
    My advice
    So if you want to buy, be careful, look at the market, and particularly, the area. Don't buy more than you can afford, the market rising will not buy you out at a profit, like it might have 4 years ago.
    Buy a well built home, many pieces of shit were thrown up during the boom years. 80's houses are the absolute worst.
    Seriously look at the homes energy costs. Cheap electricity and gas rates are going fast. Huge energy hogs with low efficiency furnaces and a/c units, single pane windows and poor insulation are to be avoided. Replacing windows and complete HVAC systems is expensive and the payback is not there yet. Besides old homes can never be really properly insulated unless you are gutting it for a major rehab anyway.
    Look at the long term trend for your city. Is it destined to decline? If so, rent. Better yet move to city that has better long term prospects and rent until you know the area.
    I am from Syracuse, NY originally, where real estate never took off during the boom. In fact it went backwards since the mid 80's. Why? The city lost jobs and population. You cannot sell in a shrinking market. Homes there sell for 40 percent of their high in the early 80's. Again, even there some areas held up well and did not decline, but never rose as well as other areas of the country.
    Don't buy something only because it is cheap. What you do not know will hurt you, as the whole country found out. If you find something that is almost free (relatively speaking) should you buy it? That depends, on the city, the neighborhood, the home itself and your financial situation and life situation. Owning a money pit never helped anyone, so look before you leap. If the home needs repairs and you can do them yourself and have the cash to buy the needed supplies, then go ahead if the area is ok.
    I have seen many homes that are now valueless here in Atlanta. Foreclosures that copper thieves have damaged so bad the cost of repair exceeds the value of the home if repaired. The average price is less than 10 grand here in 3 different zip codes here, according to recent newspaper story. You might have to sleep with a 12 gauge under the sheets, but they are out there.
    Is the price right? Not for me, but maybe you like life on the edge! As a home inspector, I am not supposed to influence your decision just report facts.
    That is what I do and have been doing for some time. Never buy a home without a good inspection by an inspector who has not performed at least 400 inspections. I have inspected over 3000 homes and I can tell you that it took that many for the learning curve to start leveling off. Even now I still occasionally see something weird that I have never seen before. I love this because I get to learn something new. But I also would have missed some things if I did not have the vast experience of seeing so many screwed up things. Defects do not always jump out and shake your hand, and crooked sellers are still out there, artfully hiding them, more than ever.
    People forced to sell at a loss have often foregone routine maintenance and have hidden defects that they are hoping your inspector will miss. And about 40% of them will. I once found over $40,000 (my estimate) in hidden damage on a stucco home. The seller was a crooked realtor. The eventual buyer paid over $62,000 for repairs. I know because the later buyer (I advised mine to walk) hired me to testify against his dumb inspector.
    Ironically, I get calls all the time from buyers looking for a cheap inspector. Some fools just never learn.
    I am a middle of the road inspector in terms of my fees, not even near the most expensive here in Atlanta. The highest priced ones are often not as good as I am, but like all endeavors in American business, he who advertises the most often gets a reputation that belies the truth.
    Lastly, about inspectors; don't assume an engineer is a better inspector than one who isn't. I know several and have gone with them and seen them in the field. The old saying; "Can't see the forest for the trees" comes to mind.
    Until the next one…

How To Build Your Own Self Build Ideal Home!

Building Plots Available recognizes that there's been an abrupt upsurge in people determining to construct their very own home television programmes happen to be made due to this purpose, for example Funnel 4 Grand Designs. Only a small amount of people really choose to make the leap and make their ideal home though, most decide to purchase it ready to use simply because they feel that it's an excessive amount of effort. You will find lists of potential issues, for example planning permission failing or financial problems, however the finish result might be the only thing you have ever imagined of and much more.

Locating the perfect building plots available that best suits you is paramount. Searching at building plots available in your town is among the beginning for your housing project. There's a definite insufficient good building plots available within the United kingdom, if you locate one then you definitely project is arrived. Only an believed 200,000 self-build projects are began every year and also the average chronilogical age of the normal self-builder is about 45-six decades old. Due to the recession within the housing industry now's the optimum time to participate another self-contractors. The interest in new housing is high, as large designers have slowed down lower on projects. The typical price of the work is about another less than what you will pay a developer. The additional bonus is it will probably be your design, just find your idealbuilding plots available and gain planning permission around the land after which set the wheels moving.

Building your house could be rather quick, particularly if you choose a timber frame. This is often erected rapidly, sometimes inside a week and so the whole home could be finished inside a ten-week period. Timber frames are energy-efficient so this can lead to savings in your heating bills.

Financing the work could be a worry but remarkably financial loans for self-build projects supply to 95% from the costs, much greater than the usual traditional mortgage. Some loan companies do vary though. How it operates is self-contractors must find a 5% deposit, and so the loan companies provide the money in payments, each phase from the build needs to be completed prior to the next installment is granted.

Acquiring the finance may be the first stage for many self-contractors, then locating the building plots available or land available. This can be a service that people atbuilding plots available can perform for you personally should you haven't found the appropriate plot available on the website our experienced team will look for your ideal plot before it comes down on outdoors market. The next thing is attaining planning permission, once granted after that you can begin regarding oneself-build home (again we can help you together with your planning application). Building plots available offer all services from attaining the finance, planning, architectural plans as well as a skilled land solicitor for the project as well as locating the building plots for you personally. We are there all the way, proclaiming to offer you an expert service then sourcing the get you require.

Home Improvement Made Simple With These Easy Tips

You know that creating enhancements to your house, not just adds beauty for your living space, but additionally increases your home's value. To make certain you are receiving probably the most value for the effort, you'll need to get the best advice to assist together with your do it yourself project. Browse the valuable tips in the following paragraphs.

Consider eco-friendly options to plain building materials when remodeling or remodeling your house. Materials like cork and bamboo originate from sustainable assets and are utilized to create flooring, furniture along with other products which you can use to improve your home within an eco conscious way. With such materials is a terrific way to support eco-friendly practices and reduce your effect on the atmosphere.

Home Restoration

When employing a specialist to complete home enhancements, do your homework in it to make certain they're qualified and contain the proper licenses to complete the job. Look into the Department of Consumer Matters, validate their licenses, and appearance to make certain they carry insurance to ensure that if a person is hurt in your home restoration, you aren't getting prosecuted.

When partaking inside a large home restoration project, you need to goal to possess a obvious vision of what you would like. When the contractor seems like they might rely on the plans, things will probably go much softer. However, when the contractor doesn't feel positive about the plans, she or he might be afraid to complete anything.

An excellent do it yourself tip would be to request your partners in the home restoration project where their expertise lie and allow them to do this particular factor within the project. This really is more effective than merely assigning the responsibilities towards the partners because all of the partners is going to be doing something they're proficient at doing.

Do It Yourself

Create space with cabinets. Building new cabinets in your house is a straightforward do it yourself project which has multiple uses. Not just are hand crafted cabinets helpful space-makers, they may also be superbly stained to complement any home's decor. Adding your personal unique point of view can provide your house an individual touch without doing harm to any value it might have.

Painting is a straightforward do-it-yourself do it yourself, but always use primer. Sometimes you might be enticed to skip the primer however it produces a great surface for the use of fresh fresh paint. Also getting a coat of primer underneath the fresh paint brings the offers true color.

Make sure to get written estimations and contracts from the companies that you simply engage to accomplish a house improvement project. Carrying out prices and terms to paper will go a lengthy way toward stopping misconceptions and disappointment. They may also provide proof of your agreement if you ever need to file suit the contractor.

Now that you've got seen how easy it is to locate the methods to provide your house, not only added beauty, but added value, it's time to get began with that do it yourself project. The sensible tips from this information will provide you with the information that you'll require for achievement.

How To Manage Home Health Care

You could go ahead and take whole subject of home healthcare and set it into two different classifications, or groups. Individuals two groups are number 1 general, periodic home healthcare and # 2 specialized, in-home or comprehensive daily, intensive types of home healthcare for individuals who are suffering from specific disease or senior years or perhaps a temporary health setback.

Within the group of general healthcare situations that may (and do happen) to individuals and families everywhere. Everyone are affected from spontaneous signs and symptoms of the condition like a headache, common cold, minor injuries, heartburn or perhaps a anxiety attack because of stress or mental exhaustion. It is usually my suggestion, if an individual is uncomfortable using the administration of healthcare to family member that you simply incorporate a physician, or at best a nurse, if your moderate or perhaps a severe health condition happens. Obviously, if perhaps minor issues because the above pointed out good examples may be treatable both at home and you're competent and comfy, provided they are one-time occurrences and also the signs and symptoms don't worsen with time. Headaches or perhaps an abdominal discomfort because of heartburn might be handled with discomfort-relief medication for example Aspirin, Tylenol (Acetaminophen) or Advil (Ibuprofen). Minor wounds and injuries might be given antiseptic application around the affected epidermis. Any medical antiseptic works, and, more generally alcohol-iodine that contains antiseptics are utilized. A typical cold is handled through fever-reducing medication for example Tylenol, in the event of high fever, and signs and symptoms relief medication for example nasal drops or anti-microbial throat spray. Remember, using proper amounts of hydration is essential generally. Which is best to prevent taking anti-biotics unless of course particularly recommended with a physician following a thorough checkup.

Within the second category we've the situations which involve substantial home healthcare, or homecare that needs the entire time, or at best part-time proper care of the stricken individual. Including individuals with precisely identified illnesses for example Alzheimer's disease, Parkinson's, cardiovascular disease, joint and bone problems, nerve and psychological problems, focused on-home healthcare is generally necessary. However, this is often carried out by a relative once training and guidance from the qualified doctor or nurse. Furthermore, the house-care programs need to be frequently up-to-date and modified based on the patients needs and also the outcomes of tests. For individuals who aren't able to pay the luxury of home healthcare, it may frequently be an costly solution getting a relative conduct the household home healthcare can help to save lots of money if it's completed in compliance with professional recommendations. Still, the stricken individual may sometimes require hospitalization for reevaluation of their condition and specialized treatment.

Obviously, I usually recommend a thief, before starting on any kind of comprehensive home healthcare solution for a family member, consults and constantly consults with your personal doctor. Optimal care is really a valuable resource a thief with disease or illness can usually benefit from. Consider going to the house healthcare resource center available at http://world wide web.nahc.org/.

"+Tim Nahm is really a 15 year veteran of employing the data technology industry to construct digital associations for companies, organizations, and people via custom search engine optimization and social networking. Timothy has handled, developed, and written for many national companies and developed business-to-business and retail solutions throughout his 15 year career within the it industry.

Timothy has worked because the Project Manager for that It Department of Express Medical Supply since The month of january of 2002 and it has lately end up being the Senior Author for that Ostomy Help and Express Medical Supply corporate blogs. He frequently attends marketing and social networking occasions and workshops, learning and discussing his enthusiasm for social networking and also the it industry."