The Worst (and best) Residential Real Estate Investment I Witnessed

economy
As a real estate broker licensed in the state of Oregon and I’m a leading short sale specialist in the Portland area I was recently asked to share my opinion of the best/worst investments I've seen in real estate. My opinion as a Realtor does not constitute, legal, tax or investment advice. Lastly, the question of absolute worst real estate investment also incidentally leads into one of the better investments I’ve seen. The Worst Real Estate Investment I Have Personally Encountered: First off, let me preface this by saying that condo developments have proved very profitable in a number of cases. However, in this specific example things unraveled to devastating effect. In the years leading up to the housing crash a wealthy extended family in my area developed a condominium…
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Should I Invest in Real Estate? Q & A With a Realtor on The Pros & Cons

Buying Real Estate
Real Estate Investing: Five points to consider Disclaimer: I am not an attorney. I am not an accountant. This article is not tax advice. This article is not legal counsel. This article is not investment advice. As an Oregon Real Estate Licensee I cannot promise you future profits or losses. This article is written to encourage the public to educate themselves and to seek out expert opinions as applicable to their needs. The anecdotes contained herein are based on my own subjective experiences as a professional Realtor in business through the entire housing crisis. 1: Seeing a "Foreclosure Millionaires!!!" Infomercial/Seminar doesn't make you an expert. [caption id="attachment_6678" align="alignleft" width="131"]Beware of Get Rich Quick[/caption] Someone once said that "a rising tide lifts all boats" and this is certainly true for housing.…
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Retirement & The Economy

economy
Baby boomers and stock values Retirees selling stocks at a higher rate than younger investors are buying puts downward price-pressure on market. Federal Reserve Economists are questioning the effect of retirement age baby-boomers on stock values. Economists trace stock market gains in the 1980’s to baby-boomers preparing for retirement and now believe that the trend will reverse as retirement-age boomers sell stock to cover expenses. Tracking the boomers’ effect on the economy has predicted market action in the past with foretold increases in consumer spending in the 1990’s as the boomer generation entered their most productive wage-earning years. And, as in the 1980’s, the 90’s were a time when boomers also put money into Stocks, Bonds and Mutual Funds. Now that the boomers are retiring it seems a foregone conclusion…
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