Real Estate News by GLG Council Members

Kenneth EganBroker and RealtorRe/Max All Cities Realty

Double Dip is a certainty

November 20, 2009

Analysis of:Fear of Double Dip in Housing | online.wsj.com

No matter what the spin, facts are irrefutable.3.5M houses in foreclosure trumps the NAR story about lower inventoryMore than 3 times the current number of foreclosures are in pre-foreclosure.2010 and 2011 will see great numbers of foreclosures.

Kenneth EganBroker and RealtorRe/Max All Cities Realty

Extend and Pretend

November 20, 2009

Analysis of:A sector too tough to save | online.wsj.com

Banks, with government support, will "pretend" over the value of Commercial Assets.Loans will be, for the most part, extended, in order that no one has to take a "hit"Kicking the can down the road, as usual.Some modifications will be worked out.

Kenneth LeonardPrincipalLeonard Associates

How To Increase Your Stock Price And Ruin Your Company

November 20, 2009

Analysis of:Sears shelling out---for own stock | www.chicagotribune.com

Mr. Lampert, for the fifth straight year, has again gained the record for spending far less on his store's improvement and maintenance needs than any of his 13 major competitors, while at the same time, spending far more on buying back his own company stockthan any other retailer.

Affordable hounsing projects India

November 20, 2009

Analysis by: GLG Expert Contributor

Analysis of:Affordable housing takes wing as micro-finance cos step in | economictimes.indiatimes.com

The affordable housing in India is maybe the largest globally. Government projects, HUDCO, or private sector, OMAXE, failed to deliver the promise for affordable mass housing. Great opportunity for builders offers from $3 to 7.000 dollars. A major social issue. Indian market for affordable housing demand will remain high and a great opportunity will prevail. Banks financing is becoming available, but not enough.

Excess money is on the sidelines for commercial real estate

November 20, 2009

Analysis by: GLG Expert Contributor

Analysis of:A sector too tough to save | online.wsj.com

Gamblers might loose if they bet on a major CRE crash.1.) The estimated total value of CRE in the US is $6TR. Total debt is $3.5TR. That LTV of less than 60% is not overleveraged, as was residential.2.) Loan modifications are now favored by recent IRS and Fed rules changes.3.) REITS are sitting on $BB of cash to buy up everything at a 6% to 8% return, and are buying everything that comes up.4.) Hedge funds will continue to promote the "CRE crash is coming" scenario, but it won't happen.

Steve BottfeldPrincipalMarketing Solutions

A Happy Thanksgiving for Las Vegas

November 18, 2009

Analysis of:NEVADA ECONOMY: State showing some life at last | www.lvrj.com

 This year, October data could make Thanksgiving a happy holiday for Las Vegas real estate professionals. 

Current Construction Activities in FL

November 16, 2009

Analysis by: GLG Expert Contributor

Analysis of:Building Boom for Orlando Resorts | www.floridatrend.com

This article reports an example of "wise" investing during rough economic time in Florida. It is interesting to note, "building during a recession actually had its advantages."

Commercial Real Estate Impact on Economy Understated

November 16, 2009

Analysis by: GLG Expert Contributor

Analysis of:Fed’s Lockhart Says Commercial Real Estate May Weaken Recovery | www.bloomberg.com

Understated indeed! Since there's nothing particularly newsworthy in the article, I assume the Atlanta Fed President is stumping for reappointment. The collection of now well-worn one-liners offered by the Fed representatives (and government officials, specifically from the Treasury & FDIC) is insulting to knowledgable listeners and should be embarrassing to the speaker. The assumptions and justifications offered reek of self-serving political objectives, and not objective economic observation and analysis.

Argentina Real Estate: Caveat Emptor

November 12, 2009

Analysis by: GLG Expert Contributor

Analysis of:Argentina Real Estate: Still Holding Up | www.nuwireinvestor.com

This article is a “not-so-subtle” pitch to small investors to look into Argentine real estate as an attractive investment alternative.The article  fails to point out several, market, political and economic trends that, undoubtedly, increase the risk for this proposed investment.

Robert CanterPresident-FounderPerformance Realty Solutions, LLC

Where is the Silver Lining?

November 11, 2009

Analysis of:Geithner Says Commercial Real Estate Woes Won’t Spark Crisis - Bloomberg.com | www.bloomberg.com

This article supports everything this writer and many others have been saying, there will be no descernable recovery until the unemployment rate begins to dramatically drop.

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