Heads or tails? Retailers are breathing a sigh of relief and investors are rallying around Wall Street but the real estate market seems to be paralyzed by the economy’s headwinds and tailwinds.
What does The Future of Foreclosures hold for you?
You are invited to attend Oppenheim Law’s Real Estate Workshop: Future of Foreclosures on Wednesday, January 12 at 6pm via Oppenheim Law TV or in person
Or come in person:
95 NW 11th St., Boca Raton, FL 33432
You might have resolutions; I say let’s just rewrite the rules. When it comes to surviving the real estate hangover from the past few years of excessive financial abuse, Florida homeowners need to sober up.
Here are my top 10 rules for 2011:
1. Avoid the use of credit during a deflationary economy… use credit when inflation returns.
2. Be prepared for when inflation does return, but don’t expect any real inflation while unemployment remains high.
3. Don’t trust the Federal Reserve; they are here to protect themselves and their Wall Street friends.
4. Don’t expect any more help from the government. You’re on your own.
5. Use the existing rules of law and your legal rights to fight the banks.
6. Only invest in deals that a smart 10-year-old would understand.
7. Rent instead of own unless you plan on living in the property for at least five to seven years.
8. Think of buying pre-owned vehicles instead of brand new ones.
9. Be very careful with municipal bonds. Many cities and states will be doing strategic defaults due to high debt and pension obligations.
10. Don’t sign obligations for your kids (like mortgages.) Not a good idea.
Most importantly:
Learn to breathe deeply, laugh, and get a good night’s sleep. Stress kills. Remember… this is the new normal… get used to it.
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