The,Perfect,Storm...the,Opport finance, share, loan ** The Perfect Storm...the Perfect Opportunity - by Michael
Thankfully, there are now several web sites that are there to help people like you with bad credit to find the fast personal loans that you need. When you have bad credit, the first thing that you should be looking for is a loan company that If your financial problems have reached the point where you do not see a way out and you feel as though you are drowning in debt, your best way out is through declaring bankruptcy. Filing may well allow you to get your finances back on track
The storm we are facing in the economy today is as strong as most of us can remember. Companies continue to tighten their operations, job losses continue, and the government tries its best by pouring billions of dollars into the "system" in its effort to halt a deflationary spiral. By the time this is all over, economists will re-write history changing the worst recession of the post World War II era from the 1974 recession to the 2008-2009 recession. Next to job losses, foreclosures are a huge problem. According to a report released yesterday by RealtyTrac Inc., one million Americans may lose their homes in 2009. About seven percent of all U.S. home mortgages are 30 days or more delinquent and three percent of all U.S. home mortgages are in the foreclosure process. The worst hit is Las Vegas, where one out of every 61 homes is in foreclosure.As a long-term investor who has always used the adage "buy low, sell high" to make money, I always find a silver lining during desperate economic times. Yes, I understand it is difficult for my readers to see a light at the end of the tunnel with all the negative economic news we face each passing day. But we must remember great fortunes have been made by going against the herd mentality and buying when everyone is selling and selling when everyone is buying.Three classic examples: during the Texas oil bust of the mid-1980s, when the Resolution Trust Corporation was set up to get rid of all the real estate savings and loans companies had foreclosed on, real estate fortunes were made by investors who bought from the RTC on the cheap. In the "dot.com boom" era that ended in a bust in 1999, short sellers made a fortune betting against the popular trend of buying tech stocks of companies that had no actual revenues. And, more recently, those smart investors that were out of the stock market by late 2007 have fared quite well, while the majority of other investors have seen their stock portfolios lose 50% of their value since then.And that brings me to today's message:There is no doubt that 2009 will be a terrible year for U.S. foreclosures. The "foreclosure holiday" the banks are on right now (many banks have stopped their foreclosure process until early January 2009) will come to an end. For investors with the guts to go against the trend, there are some very encouraging trends developing. First, according to RealtyTrac, 259,085 foreclosure notices went out in November -- the lowest amount since June 2008. Second, the Dow Jones U.S. Home Construction Index is now at the same level it was in July 2008. Comparatively, the Dow Jones Industrial Average has only recovered to the same trading level it was in mid-October 2008.For the investors that can see past today's doom and gloom and go against the popular trend, there are some great deals appearing in the real estate market, both residential and commercial.---Profit Confidential---http://www.profitconfidential.com/LOMBARDI PUBLISHING CORPORATIONNews, Analysis, and Information Services Since 1986.One Million Customers in 141 Countries.Lombardi Publishing CorporationFinancial Publications Division350 Fifth Avenue, Suite 3304New York, NY 10118-3304---Copyright 2008; Lombardi Publishing Corporation. All rightsreserved. No part of this e-newsletter may be used or reproducedin any manner or means, including print, electronic, mechanical,or by any information storage and retrieval system whatsoever,without written permission from the copyright holder. Article Tags: Real Estate
The,Perfect,Storm...the,Opport