Real Estate Connect Videos are now Live!
By Joel Burslem, Tuesday, July 29, 2008.Bookmarking Sites
Couldn't make it out to San Francisco last week? Missed any of the sessions because you were caught up in meetings?
I'm pretty excited to announce you can now watch videos of Real Estate Connect sessions online.
We've built a brand new video section on Inman.com where you can access all the Connect videos from Connect SF2008 and past events. Just click on the 'Video' tab in navigation and it'll bring you right there. Not so fast though...
Real Estate Connect videos are only available to Premium Members on Inman.com. If you hold a current Premium Membership, please make sure you are logged in to your account.
Not a Premium Member? Think about joining today to gain instant access to our library of Real Estate Connect Videos.
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Submitted by Michael Stark on July 30, 2008 - 3:02pm.
The panelists on the "Bears and Bulls" session talked about everything, except the obvious elephant in the room. The spiraling costs, effects, and instability from Iraq and Afghanistan is the reason for the season. A trillion or so, and still counting, dollars drained from our country could have gone a long way with fannie, freddie, and practically every other issue impacting credit and housing.
Michael Stark,
PostYourProperty.com
Submitted by dave williams on July 30, 2008 - 6:25pm.
@michaelstark - it's easy to blame the current situation on the bush administration foreign policy, but i think your view is short sighted. the wars having nothing to do with the lenders behaving irresponsibly, and borrowers with "eyes bigger than their stomachs". the wars has little to do with the emerging economies and trade policies devaluing the us dollar. they have little to do with the demand spikes in oil causing americans to have less disposable income and increasing the inflation rate. it's easy to point the finger at the commander in chief, but our complex economic situation is not because our elected officials made out the check to the wrong party.
Submitted by RealEstateCafe on July 31, 2008 - 4:21am.
Cross-post from Connect SF 2008 group
http://tinyurl.com/5slk2u
Had to run to the airport just as this panel was starting. Did anyone take notes, or will Inman News be adding a video to the list released on Tuesday?
Is there a way to reach the panelists themselves, and invite them to share their main points and predictions about "When Will the Housing Market Turn?"
Submitted by Noah Rosenblatt on July 31, 2008 - 5:33am.
I was on this panel and I wrote about what I recall from all the panelists on UrbanDigs
http://www.urbandigs.com/2008/07/inman_bull_vs_bear_debate.html
Submitted by Noah Rosenblatt on July 31, 2008 - 5:44am.
Michael - Wow. To say we are in this housing/credit mess because of the Iraq & Afghan wars, is in my opinion fairly off base.
Did previous wars cause a housing and credit bubble to burst? No.
We are in this mess because of a confluence of policy and behaviors by wall street, lenders, speculators, and consumers in general:
1) securitization model with flawed ratings model focused on fess & volume over quality & transparency
2) ultra easy fed policy leading to over stimulation and over lending
3) ultra easy lending standards with focus on fees & volume over quality and judgement
4) usual speculative crowd rushing into an inflating bubble
5) poor judgment by consumers who wanted an inflating asset to own but which they could not afford without the use of a highly risky loan product that was sold to them
6) ultra easy appraisals to get the deal done
7) inefficient running of GSE's & FHA
and on and on and on. These factors are what contributed to this mess and now we are seeing CREDIT DEFLATION & HOUSING DEFLATION at the same time as COMMODITY INFLATION because our fed has no choice but to debase the dollar (causing a rise in commdoties priced in dollars) to inflate us out of this mess. Clearly it is not working as 325 bps of easing and we still have higher lending rates. That is because of something called risk aversion and risk repricing!
We are a society that consumes, spends, and doesnt save. We like quick fixes and we like to ride the waves. And the system allowed us to do it when we shouldnt have. We are debtors and addicted to our HELOCS, MEW, credit cards, etc..Now credit is contracting and our bills are due. Except we cant pay it back. Its called insolvency.
Submitted by Commercial Mortgage Loans - Privately Funded - MasterPlan Capital LLC on July 31, 2008 - 8:59am.
I must agree with Noah and disagree with Michael.
The US Government is not short on cash regardless of the money spent on Iraq.
This is a liquidity crisis in the CMO market.
Wall Street is not buying or creating mortgages because their clients aren’t buying the CMOs Wall Street produces. It follows that banks are not writing mortgages because Wall Street won’t buy them.
No mortgage buyers; no mortgages.
The wars cost money, this is true, but money spent on wars would not be flowing to struggling homeowners or struggling banks either.
Distain for the wars causes some to blame all our ills on them. As-if we never had any economic problems until we invaded Iraq.
MasterPlan Capital LLC
Commercial Real Estate Investment Bankers
Commercial Mortgage Loans - Equity Financing - Asset Management
Online: http://www.masterplancapital.com - Quick Answers - Fast Closings - Professional Service.
Submitted by Matt Carter on August 4, 2008 - 1:44pm.
The expense of the wars in Iraq and Afghanistan may have had little or no bearing on the credit crunch so far, but in the long run our growing budget deficits and national debt can't help the inflation picture.
Don't forget the big debt the U.S. ran up fighting the Vietnam War and the runaway inflation that followed in the 1970s.
The commodity bubble seems to be in the process of bursting, but the budget deficit continues to grow.
Bulls and Bears panelist John Williams of Shadowstats.com was very concerned about the prospect of hyperinflation.
If mortgage rates go up, that will reduce the buying power of families in the market for a house, further depressing prices, leaving (more) existing homeowners with little or no equity, and presumably leading to more foreclosures.
Submitted by Vic Parise on August 5, 2008 - 10:19am.
Vic Parise is impressed with all the audio and new high Tech. gadgets to help your business grow.
If anyone needs help selling or buying, please keep me in mind.
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vic
917-797-2460
Submitted by Matt Carter on August 5, 2008 - 11:31am.
Long-term rates are up today after Fed keeps federal funds rate at 2 percent and FOMC statement suggests it will stay there for awhile because job losses, credit crunch outweigh inflation concerns.
Also a glut of Treasuries -- $27 billion to be auctioned off this week -- could depress prices, push up yields (and mortgage rates).
CNNMoney story:
"Federal debt as a percentage of gross domestic product is climbing, which means investors can expect more government bonds to be sold ...
The government expects to need to borrow billions of dollars in the third quarter to pay for the costly wars in Afghanistan and Iraq."
Submitted by Christian Stogner on August 9, 2008 - 9:58am.
The wars having nothing to do with the lenders behaving irresponsibly, and borrowers with "eyes bigger than their stomachs".
Mortgage Tampa
Submitted by Brisbane Real Estate Agent on September 12, 2008 - 8:27pm.
This is really nice to know that new high Tech. gadgets are available to help your business grow. This would definitely bring a revolution in the real estate business in the world.
Submitted by Anum Hafeez on October 18, 2008 - 6:28am.
Dubai property market hits new Peaks
http://www.pakistanhousing.pk/News/index.php/page/3/