Thursday, January 14, 2010

NO TRUST!

I don't know about you, but I'm not trusting anything coming out of Washington right now. Socialism won't work; and that's the direction this administration seems to be going.

If manufactured chaos is what they're looking for (and it looks as if it is), then they're doing all the right things. That's what is needed to bring down the free enterprise system. If more and more people require their sustenance from government, then sooner or later the numbers don't add up; and the whole thing comes tumbling down.

If, indeed, that's what's happening, then personal real estate is the safest place for one's money. Should a socialist system be on the horizon for the United States, then the place to be is on your own land where you can sustain yourself in bad times.

East Texas has all the factors necessary for independent living. So email john@johncmartin.com and let's start hunting for your dream property.

Wednesday, January 06, 2010

INTEREST RATES +++

We've had it SO easy.....with interest rates at 5% or below. But it may not be that way long. The word from people I listen to is that rates for qualified buyers may be pushed up to 8%.

The inter-workings of the Fed are being kept secret from the public; but one thing is for certain: interest rates can't remain where they are. The dollar is continuing to drop.....nothing extremely precipitous yet, but it may come to that. The Fed will have to shore up the dollar by raising confidence internationally. And that requires higher interest rates.

Add to that the fact that the Obama administration is pouring mountains of money into the market. Problem is, nobody wants to lend it out in this unstable market.

All this to say that if you wish to buy some real property at an historically low interest rate, you had better do it now. Because later you may wish you had.