Are you ready for October?
Before we get to current updates to the housing market in Atlanta, GA, I would like to remind our investors that overall market economics respond to market maker’s skepticism, paranoia and superstitions. Good, bad or otherwise, it is the truth. First of all, it is an election year for the Presidency. Second, the GSEs and investment banks scandal has not been resolved yet. Next, manufacturing in the United States is terribly low with unemployment ticking up, compared to the start of the year. And our beloved government, who created this problem, is passing a new bill that will allocate hundreds of billions of dollars of taxpayer money to procure bad loans. This action will save large firms, like Fannie Mae and Freddie Mac, and increase the national debt for all Americans. (Which is sad, since we are artificially inflating markets instead of letting them do what they are supposed to do: Correct Themselves!)
Could this be the bottom we are waiting for? Or is this the beginning of worthless American dollars, ridiculous inflation and terribly cheap housing? We do not know. However, if we follow what the ultra-successful are doing, we see it is time for action. (Check out what Warren Buffet is doing. Also, look at the deals that Donald Trump is crafting now during this “housing slump”.)
Now back to our story in Atlanta:
ATLANTA - More than $153 million in newly earmarked federal funds will extend a lifeline to Georgia regions hit hardest by the home foreclosure crisis, enabling leaders from Atlanta to Savannah to acquire and redevelop foreclosed properties at risk of being abandoned. Read more »
