Real Estate

GLG News^SM Analyses in Real Estate(?)

Double Dip is a certainty

November 20, 2009

Analysis by:Kenneth Egan, Broker and Realtor,

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.

Extend and Pretend

November 20, 2009

Analysis by:Kenneth Egan, Broker and Realtor,

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.

How To Increase Your Stock Price And Ruin Your Company

November 20, 2009

Analysis by:Kenneth Leonard, Principal,

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.

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