Creating Wealth #52 – Markets that Make Sense and Buyer Beware of False Advertising

A brief discussion between Jason and Gia about the all too numerous false claims made by investment promoters and how you can sort them out. Then a tele-seminar about investment markets that work in real life.
Announcer:   
Welcome to Creating Wealth with Jason Hartman, President of Platinum Properties Investor Network in Newport Beach, [...]

No real benefit to paying off mortgage

No real benefit to paying off mortgage
By Benny_Kass
Created 04/24/2008
Q: Our condominium unit is now worth approximately $350,000, and we owe only $25,000 on our mortgage. We are from the old school, and want to own this property free and clear. We have the money, and are considering paying off the loan. Is this a good [...]

As I Predicted

Another prediction come true…
April 17 2008
SERENE APARTMENT MARKET REMAINS STABLE
In a period of turmoil for condos and single family homes, the rental apartment market is a model of stability. According to statistics released this week by RealFacts, the multifamily data specialists, rents are growing modestly, occupancy is unchanged, and the rental apartment segment appears to [...]

America’s wealthy see buying opportunities in sluggish real-estate market

By AMY HOAK
MarketWatch
April 16, 2008
CHICAGO — Is now a good time to buy real estate? The size of your paycheck likely will play a big part in how you answer that question.
While many average Americans are skittish about the housing market, some of the country’s richest citizens see the current conditions as perfect for buying, [...]

Rents continue to rise in housing slump

Read this:  It may be worth forwarding to your lists

Rents continue to rise in housing slump
From Bloomberg News
April 5, 2008
The average asking rent for U.S. apartments rose 1% in the first three months of 2008, the 24th consecutive quarterly gain, as the U.S. housing slump deterred people from buying homes, according to real estate research [...]

Dallas-Fort Worth new-home sales, starts drop by about a third

New-home sales in Dallas-Fort Worth plunged more than 30 percent in the first quarter as the credit crunch and economic worries kept buyers on the sidelines.
The decline was almost twice as high as the rate for all of 2007.
And the drop in starts was even steeper – down 35 percent from a year earlier, according [...]