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San Francisco Money Show
Listen To Peter Schiffs' Economic Update and Predictions During The Euro Pacific Capital Clients & Friends Meeting At The Money Show In San Francisco On
(August 9, 2008)
To Watch Click On Picture Below
Inland Empire Real Estate Trends: Interest Rates Likely To Rise As Prices Fall
By Leslie Berkman
The Press-Enterprise
Saturday August 30, 2008
If you want experts to tell you the perfect time to buy a house, when it is priced so its value goes nowhere but up and you will get the lowest cost mortgage, forget it. Nobody will venture more than a guess. Economists and real estate insiders agree that the biggest price drops are behind in Inland Southern California. But they say prices could fall another 15 percent or so, bottoming in mid- to late 2009 or 2010. "If I had patience, I would wait, personally," said Tara Bleakley, vice president of John Burns Real Estate Consulting, voicing an opinion shared by a number of other consultants to home builders and banks. Bleakley suggests that next spring might be a good time for those with no urgent reason to buy to test the waters. However, most agree that waiting is a gamble because of the possibility mortgage interest rates could climb with inflation. The question of whether mortgage rates will rise is debated. "My bet is the cost of financing will not go up as much as the prices will fall. You may pay more in interest but buy a house for significantly less and therefore you are better off," said Paul Habibi, lecturer in real estate at the UCLA Anderson School of Management. But Bruce Norris, a Riverside real estate investor who has successfully predicted past trends, figures the interest rate on a 30-year-fixed rate mortgage could climb from 6.5 percent to as high as 9 percent in the next two years. That would make even significantly lower prices "a moot point," he said, for those needing financing. For someone wanting to buy a house to live in, Norris said, it's a good time to tie up long-term financing, which now is as cheap as it is going to get. He said home prices in the last three months have fallen enough so rents will cover the carrying costs for those who want to buy investment properties to hold for a future market rebound.
Testing Waters in Droves
Judging by last month's existing home sales in Riverside and San Bernardino counties, which the California Association of Realtors said increased 177 percent from a year earlier, many consumers have decided that their circumstances make it right to buy now. Most important: more people can afford it. In a year, prices on the resale market have fallen about 39 percent to a median of $238,190, influenced by a tremendous influx of bank-discounted houses in foreclosure..........
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Watch As Robert Kiyosaki And Mike Maloney Explain The Future Of The Dollar And How You Can Protect Your Wealth By Purchasing Gold, Silver, Real Estate And Other Assets
Southern California Real Estate:
Riverside And
San Bernardino Counties
California Real Estate is currently in the midst of what will become the most severe and complex down cycle we have ever seen and you need an experienced Investor/Realtor on your side. You must be very cautious in every real estate transaction during the current down cycle. In 2006 the average household income for California was approximately $64,563 while the median home price reached $556,640 which was an outrageous and unsustainable price that was a multiple of eight to nine times the annual household income of the typical buyer courtesy of Zero Down, Stated Income Adjustable Rate Mortgages. Home prices are now in the process of returning to the norm which is a multiple of three to four times the annual household income of the buyer on Full Documentation loans. Do not get blindsided by predictable trends that often discourage and destroy the inexperienced First Time Buyer or novice investor.
Let me put my knowledge, experience and network into motion for you. I offer a free no-obligation consultation regarding any real estate transaction you may be considering. Call or e-mail me so that I might evaluate your current situation and help you determine what the best course of action is to meet your needs. Rest assured that your best interest is my primary goal and together we will decipher the best method to preserve your current wealth by exchanging it out of the rapidly devaluing U.S. Dollar. Once your savings is secure outside the U.S. Dollar we will utilize it through leverage to purchase Southen California Real Estate for pennies on the dollar relative to your retained wealth and grow your fortune exponentionally during the next cyclical real estate boom by purchasing property in the current market at major discounts courtesy of the ailing lenders. All situations vary so please contact me as soon as possible so that we can get started in planning and executing a strategy for you to benefit from rather than being victimized by the Federal Reserve through their thievery and monetary manipulation. Contact me by telephone at (909) 910-9618 or by e-mail at Info@PhilDeCarolis.com and feel free to utilize my website as your online resource.
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California real estate inventory is swelling quickly and lenders are being forced to sell bank owned properties at significant discounts. I can help you whether you are an investor looking to purchase discounted california real estate or if you want to get the best possible value on your Dream Home. Contact me via e-mail at Info@PhilDeCarolis.com , by telephone at (909) 910-9618 or sign up for my weekly newsletter that will frequently include great discount priced opportunities. Let my personal network of trusted and well-respected Real Estate Professionals ( Appraiser, Bankruptcy Attorney, Certified Public Accountant (CPA), General Contractor, Lender, Property Inspector, Property Manager, Realtor, Termite Inspector, Real Estate Attorney, Title & Escrow....etc.) help you build and maintain a solid foundation.
WHAT YOU NEED TO KNOW ABOUT
THE U.S. ECONOMY
Economist Peter Schiff On
Bloombergs' Open Exchange
December 13, 2007 (39 mins)
Let Me Help You Protect And Grow Your Wealth NOW Before It Is Too Late. Contact Me Right Away For A Referral To My Own Personal Broker With Euro Pacific Capital That Can Advise You On The Purchase Of Precious Metals (Gold, Silver, Copper, etc..), Soft Commodities (Coffee, Cotton, Sugar, etc....) And/Or Foreign Dividend Paying Stocks To Hedge Against Rising Prices And Your Loss Of Hard Earned Wealth. Join Me In Preserving Your Savings So That We Can Utilize Our Retained Purchasing Power To Purchase Discounted/Cash Flowing California Real Estate Assets At The Bottom Of This Downturn For Pennies On The Dollar That Will Rise In Value Dramatically During Californias' Next Cyclical Inflationary Real Estate Bull Market.
WHAT YOU NEED TO KNOW ABOUT
CALIFORNIA REAL ESTATE
Get Ready To Buy & Hold Cash Flowing California Real Estate While It Explodes In Price......Again!!
Soon it will be time to utilize your increased purchasing power from non-dollar assets to buy California Real Estate for pennies on the dollar in order to grow your wealth exponentially during the next cyclical inflationary Real Estate Bull Market. As in previous cycles (1971-1982, 1984-1989 and 1996-2005) since 1971 when President Nixon removed the U.S. Dollar from the Gold Standard, California has experienced cyclical inflationary real estate asset bubbles. I can help you prepare by maximizing my knowledge and your resources to build you a strong portfolio of highly desireable low maintenance cash flowing real estate assets that may dwarf prices we have seen in the recent past due to the absurd inflationary monetary policy of the FED. Our next boom in prices will result from unbelievable price affordability due to excess inventory, more stringent credit qualifying standards, high unemployment and lack of demand. These conditions will create a situation in which the median home in California will be very affordable to buyers throughout the country, including baby boomers, drawing in-migration back to California which causes a rise in demand and prices signalling builders to start building again thereby lowering unemployment and raising incomes causing yet another surge in prices.
California vs. U.S. Price Comparison
Median Sales Price Of Single Family Home
(Courtesy Of The Norris Group)
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A Southern California Home
Peter Schiffs' Speech At The Western Regional Mortgage Bankers Association Meeting
(November 13, 2006)
To Watch Click On Picture Below
Click on the icon above to watch as Peter Schiff tells over 1000 mortgage brokers they are about to be out of jobs. Watch how he completely nails the coming real estate/mortgage debacle before anyone else even realized it was coming.
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Above To Listen As Real Estate Expert Bruce Norris Interviews Global Economist Peter Schiff About The Future of California Real Estate And Economy
(August 25, 2007)
In this Interview Bruce is joined by global finance expert, Peter Schiff with Euro Pacific Capital. Listen in as they discuss the current market, its effect on the real estate market and the economy at large. Peter talks about his book, "Crash Proof" and he also discusses savings in America and the misconception that homes negated the need to save. Peter also talks about trade deficits, China, the stock market, and the concept of the "soft landing."
(Mr. Schiff is one of the few non-biased investment advisors (not committed solely to the short side of the market) to have correctly called the current bear market in U.S. dollar denominated assets before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on the U.S. stock market, commodities, gold and the dollar, he is becoming increasingly more renowned. He has been quoted in many of the nation's leading newspapers, including The Wall Street Journal, Barron's, Investor's Business Daily, The Financial Times, The New York Times, The Los Angeles Times, The Washington Post, The Chicago Tribune, The Dallas Morning News, The Miami Herald, The San Francisco Chronicle, The Atlanta Journal-Constitution, The Arizona Republic, The Philadelphia Inquirer, and the Christian Science Monitor, and has appeared on CNBC, CNN, Fox News and Bloomberg. In addition, his views are frequently quoted locally in the Orange County Register.)
SHORT SALES
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Let my Short Sale Expert explain your options to you and if it is in your best interest to sell, we will get your house listed immediately and priced aggresively for a quick sale so that you can move forward in your life in a positive direction. Click Here to fill out my quick contact form and I will have my Short Sale/Foreclosure Expert contact you today!! |