Real Estate Bubble Burst – A Preview of Things to Come!

admin — Fri, 08 Jan 2010 16:58:21 +0000

Author: Bob Schwartz
Source: articleage.com

The LA Times ran a story on March 4th on the bust of the Shanghai, China, real estate market. In one of the world's hottest housing markets, the last three years saw a doubling of prices. Things are now so bad now that thousands of real estate offices have closed, many homeowners have loan amounts that are greater than their properties resale value, recent buyers are fighting with developers to rescind their purchases, and banks are awaiting a wave of mortgage defaults.
Morgan Stanley's chief Asia economist said "Shanghai's housing slump is only going to worsen and imperil a significant part of the Chinese economy". About the property now under construction, this same economist said "They'll remain empty for years!"
The similarities to our hot US bubble markets, makes me believe this is preview of what we are already starting to experience (though at a much slower pace).
The first signs of trouble in our real estate markets were very subtle and only picked up, or acknowledged, by very few real estate professionals. Since mid 2005 the red flags have been quite obvious to even the layperson. Yet, the forever optimistic 'it's always a good time to buy' industry line is embraced by the mass media (they certainly do not want to lose their immense source of real estate advertising revenue) and the naive general public.
In San Diego in particular and most other major metropolitan real estate markets, it's quite acceptable to acknowledge and embrace the double digit real estate appreciation of the past. Yet, even the thought of depreciation of real estate is looked on with the same disbelief and distain as if a child molester moved in next door.
There is a proven saying in our stock market: "You can never go broke taking a profit." In many US markets, seasoned investors can still turn a profit. However, if Shanghai's real estate market is any indication of what awaits the hot US markets?..the window of opportunity is closing very fast!
Copyright 2006 Promotions Unlimited - websitetrafficbuilders.com. All rights reserved - Any additions/modifications/hyperlinks added to this article will be considered a copyright violation & subject to immediate legal action without further notice.
Bob Schwartz is a certified Residential Specialist w/ 27+ years experience. Bob runs 4 real estates sites including: A downtown San Diego real estate site: http://www.downtown-san-diego-real-estate.com. A costal San Diego real estate site: http://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us and free San Diego For Sale By Owner website at http://www.san-diego-for-sale-by-owner.com. These real estate website provide visitors the ability to search the entire San Diego MLS database for property that fits their exact requirements. Also, there are many useful, money-saving real estate articles for both buyers and sellers. Also, a number of the sites show recent closed sales prices for various areas of San Diego California.

Virtual Real Estate

admin — Fri, 11 Dec 2009 17:11:13 +0000

Author: Karen Kelleybr
Source: articleage.combr
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Virtual Real Estate--just what am I talking about here? If I
look up virtual in the dictionary, it gives me words like
near, practical, fundamental, or essential. It also lists actual
as an antonym. Remember in school how we were required to use
the new word in a sentence to show that we understood the
meaning? So many times we have heard sayings like, Oh, thats a
virtual impossibility, Virtual Reality, or She is virtually
unstoppable. As you can see in these phases, virtual is being
used as an adjective or an adverb. Here we are using it as a
descriptive meaning practically, fundamentally, or essentially.
The word virtual can also be used as a noun as in this example:
virtual focus. Here, the meaning of virtual focus is a point
from which rays of light seem to emanate but do not actually do
so (such as in the image in a plane mirror.) Now we are going
back to another word we learned in grade school, antonym.
Antonym mean opposite. The thesaurus tells us that actual is
the antonym of virtual. To look at this closer, consider actual
real estate compared to virtual real estate. You can go out
and see, touch, and feel actual real estate. Virtual real estate
requires that you use a computer to see it. Virtual real
estate has no physical borders. Anyone (with a computer) from
anywhere can visit the virtual real estate site anytime. When
you create a web site, you are creating virtual real estate. It
can be just as valuable as actual real estate. In fact, a
profitable web site can be more valuable than you ever imagined.
Another advantage of virtual real estate is that almost anyone
can afford it. In fact it is so inexpensive to create a virtual
real estate site that many entrepreneurs have several of them.
Each site can promote a different product, value, or information
because what appeals to one person may not appeal to another.
When you want to purchase actual real estate, a real estate
agent helps locate the type of property desired. However, with
virtual real estate, you only need to find the training on how
to develop a web site (lots of courses out there) and then the
product you will promote. Cant you see it now, new classes
creeping up: Virtual Real Estate Agents or Virtual Real Estate
Development?

Good luck in this new virtual reality,

Karen Kelley

This and many more topics on the creation of profitable web site
techniques are taught at: http://www.InternetProfitMentor.com.
Also included is a FREE 12 hour video course.br
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Is the Real Estate Bubble Going to Burst? » real estate site

Real Estate Bubble Burst – A Preview of Things to Come!

Virtual Real Estate