Ready for a new year in real estate
Part 2: Real estate wish list, predictions for 2010
By Inman News, Monday, December 28, 2009.
Flickr image by koalazymonkey.Editor's note: Inman News called upon agents and brokers, technologists and industry executives to let us know about their real estate predictions, items on their real estate wish lists and/or their real estate resolutions for 2010. This second segment features a collection of the responses received. Click here to read the first segment and click here to read Part 3.
Wish List:
Dear Santa,
It's been a long time since I've last written. I must admit I was pretty mad at you when I received socks and underwear when what I really wanted was new bike. Then I was informed that you may not even exist. But my two young sons assure me of your existence and so, on that blind faith, I am sending you my Christmas list.
- I really want data standards. I want to be able to just come up with the best Web applications I can create and not worry about reconfiguring it to work with 900 different MLS providers.
- Please throw a little bit more Christmas magic dust to all of us starting new companies. We all have a dream and want an opportunity to succeed.
- Skip a banker's house.
- Never put me in the middle seat of an airplane ever again.
- Stop the foreclosures.
- Don't let another soldier die.
- And please make sure that all my friends (and everyone else for that matter) who have lost their job this year find a new one, quickly. Quickly Santa, quickly.
Signed,
Greg
Greg Robertson
Co-founder
W&R Studios
Costa Mesa, Calif. ...CONTINUED
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
You must login or register to post a comment.
Submitted by John Rakoci on December 28, 2009 - 8:33am.
Pete Flint is not the 'naysayer' but the realist. After the November elections the dems will no longer have a majority. obama will not be political pandering for others, only himself. So interest rates will rise and banks will find commercial loan problems which will be of little concern to the administration. The seniors have seen medicare costs rise along with most everything else. They will receive no cost of living increase in social security as the administration has told them the cost of living dropped. Business' will be sending more jobs offshore as they will not be able to cover the cost of obama-care. If 'cap & trade' becomes reality the last of manufacturing jobs will be sent offshore as it is expected to rise all energy costs 35% - 40%. Unemployment will be no better than 8% during 2010, possibly worse. Those losing jobs will find themselves fortunate to find anything and will be forced into lower wages and lower or no benefits. Those able and brave enough to buy real estate between 2010 and 2012 will be smiling in 2015. Look for commercial bargains mid-late 2010. Residential at the entry to mid levels may drop slightly farther but high end is going to hurt as even those able to afford to buy will be hard pressed to find a lender.
Hopefully I'm wrong. Thankfully, I have been on target since early 2003.