My New Blog

Exciting news, if you really want to know if the economy is going to improve soon, check this out.

Edwin Acevedo just joined Advantage. I have known Edwin for five years. He was working for Boeing and working on his Masters Degree. He was buying real estate and became a saavy real estate investor.

Recently, Edwin left his position at Boeing and got his Broker's license. The fact that someone so highly educated would leave the corporate world to work in real estate full time tells me that 2009 is going to be a great year. In fact, I would consider Edwin's move a positive economic indicator!

Heads up, we are planning an open house in April, as soon as we get the new building sign up. It will be a fabulous wine and cheese even, complete with pilates and electric boat rides outside here in the harbour. It will be lots of fun and a little zany, so look for our invitation!

Sales are up, prices are down, rates are low...if you heard this statement several years ago, you would have jumped on this market! So, what's wrong with this picture?  

How many of you have lost income due to the recsession (or maybe Dr. Alan Israel is right when he insists it's a depression). Or is it, since the lending rules have changed to reflect the sagging property values,  that not as many of us have a real down payment laying around?

No 100% financing or stated income (over 80%) at this time. Self employed borrowers are having the worst time of all qualifying for loans. It's back to net income for them.

It'll all be back some day, believe me. Whatever you think it is, don't blink twice, you will miss this market. All is in flux and we are, at all times, a few spoken (or mis-spoken) words away from a market shift.

Anyway, I mean it when I say, I am here for you. Things are tough, but not as tough as they were...or are we just getting used to "tough"??? We resilliant little creatures will find light at the end of the tunnel, even if we have to dig our own tunnel and install the friggin light ourselves! No, I'm not a Polyanna, I am just making lemonade ("when life hands you lemons...").