by Walter Allen Bennett, Jr. on October 15, 2009
In order for the United States to retain the world value and position of the dollar it must consider an across the board devaluation of private and public real estate investments and properties. The devaluation must happen there or it will happen to the dollar itself and impact it in a manner which will be irreversible to its global value.
The financial market crash or extreme recession, as most would like to consider it, was primarily caused by bank investments in poor sub prime loans and the acceptance of inflated property values as part of their bottom line value and profits reported to share holders. As we know now, these were not fringe investments, to the contrary, banks were all in. The definition of “all in” being that bad real estate investments and inflated property appraisals attracted stock purchases, portfolio managers that controlled pension assets, Union investments, Insurance Company investments, small mom and pop investors and of course, the Bernie Madoffs of the world. Even the federal government began using numbers based on the inflated real estate market when making their own economic forecasts. It is the very reason former President George W. Bush triumphantly declared the U.S. economy was “economically sound”, only to see the country and the world financially shaken to its knees in a matter of months following his statement. Read more... (836 words, 2 images, estimated 3:21 mins reading time)
by Walter Allen Bennett, Jr. on August 19, 2008
Home foreclosures, short sales and sales in this housing downturn have put families on the move. More than ever, parents find themselves looking for new digs for their entire family. Some are moving back in with their parents, some are taking advantage of the lower home prices and taking the bold leap to a purchase, while others are finding themselves in the leasing and rental market for the first time. For whatever reason the move, either it be stepping up or more than likely downsizing, before jumping into that great housing bargain, don’t forget to clearly take a look at the public school that your child will be attending before you sign on the dotted line.
So often, the bottom line for your housing choice becomes the cost of the mortgage or monthly lease that schools are not appropriately evaluated before it’s too late. Don’t think just because a great school is across the street that your child will be attending it. School zoning lines have a way wiggling and curving around homes that it would seem to be a no brainer and obvious with regard to which school is to be attended. Not so. Public schools are dealing with over crowding and often the district offices will move lines to accommodate school populations. Read more... (414 words, 2 images, estimated 1:39 mins reading time)
