- Philadelphia Business Journal - Mag says Phila. economy built to survive recession
- Risk of house prices falling in Phila., Pitt. low
- Blue Moon blog - Beginning Credit Solvency
- Countdown to Credit Normalcy - CNBC video
- Blue Moon blog - GOV'T TAKEOVER!
- Pimco's CEO Praises GSE Takeover - CNBC video
- ALERT! Freddie Mac Changes Investment Property Guidelines
- Rental market stays afloat amid housing turmoil
- What goes up, must come down, 4/24/08 FOX
- Home Prices Drop Most in Areas with Long Commute 4/21/08, NPR
- Sunny Side of the Street 4/16/08, WSJ
- Magic Johnson Raised $1B for Co-founded Urban Investment
Blue Moon blog - GOV'T TAKEOVER!
Why the Fed’s decision to take over the GSE’s (Government Sponsored Enterprises Fannie Mae & Freddie Mac) is an excellent one:
After much debate and hyperbole, I think people are finally starting to come around to the idea that the only solution to the credit crisis is to solve to housing crisis. This is not a case of which came first, the chicken or the egg, because we know that the credit market collapse is a direct result of the failures of oversight surrounding the housing market. This week’s decision by the Fed to take over the GSEs is the first of many steps that will begin the slow repair to credit solvency that is so desperately needed to begin restoring our economic health. It will also take a concerted effort and measured steps over the coming months in order to stem the tide of asset deflation which has reached across to foreign economies and markets.
If you view our recent news section on the home page of our site, www.bluemooncapital.com, you will see two key articles that should help you make an intelligent and informed decision regarding the timing for real estate investing. After viewing some of Pimco’s CEO Bill Gross’ remarks (http://www.cnbc.com/id/15840232?video=850740994), you will begin to understand the world’s largest and best money managers have not only profited handsomely by the Fed’s move but consider it as follows:
1. The right thing to do
2. Will cushion falling home prices
3. The beginning of the end of the current Financial Tsunami
4. Making mortgage securities attractive
5. Treasury secretary Paulson’s GSE plan an “Excellent One”
In short, Paulson’s plan will lower interest rates, making mortgage rates attractive and in turn will support housing prices. You don’t have to be the biggest and the best to understand that is this move is the beginning of many measured steps that ultimately begin to correct our economy. See the next posted news video on the main page, "Countdown to Credit Normalcy" (http://www.cnbc.com/id/15840232?video=850809094) and it this will make sense.
All you need to understand is that there is no longer a need to second guess the decision to take action in real estate as long as you do your homework. Intelligent, decisive and dominant actions have just been instituted to begin correcting the current housing crisis. As such, falling homes prices have begun to subside making this market the perfect storm for investors. Home prices are down, market rents are up, and will continue to increase, as yesterdays homeowners are today’s renters looking for a roof to weather the storm under.