PRETTY PICTURE

Well, it's NOT a pretty picture; in fact, it's downright ugly.

New home construction is down 79% in three years. And even though interest rates are at historic lows, very few are taking advantage of that. Families are bunching up in single homes. Food, clothing and fuel prices are rising rapidly. And folks are downright nervous! Those who do decide to buy are buying far below what they can afford.

Employees are scared for their jobs; business owners don't know what their expenses and taxes are going to be; doctors don't know whether their incomes are going to be cut and how much their taxes are going to be; wealthier people don't want to spend their reserves (even though their money soon won't be worth near as much). Yep. It's an ugly picture. And it's not indicative of the steps that are needed to be taken in hard times.

Secure yourselves for what's in store! Buy what you can - while you can!

FED STIMULUS

If the Fed's new stimulus (bail-out) of the financial system doesn't spur potential real estate buyers to pull the trigger, then nothing will! Buy a home now, before the dollar is deflated! Inflation of properties and goods and services is on the way. Get a thirty year loan (at unbelievable interest rates), and pay the mortgage off later with deflated dollars!

Email me right away at john@johncmartin.com, and let's get yours!

BUY NOW (REDUX)

You may have heard successful hedge fund manager John Paulsen's recent comments regarding inflation. He was speaking to a standing-room only crowd at New York's University Club; and he said that double digit inflation is ON ITS WAY! "If you don't own a home, buy one", he said. "If you own one, buy another one". "If you own two homes, buy a third!" "And lend your relatives the money to buy a home", he said.

Locking in a thirty year, fixed-rate mortgage, and paying it back with much cheaper dollars, is a very wise investment.

VOTE

Tomorrow's the election. Everybody get out there and vote. Maybe we can restore some confidence in this real estate market! If folks were thinking right, they'd be putting disposable cash into real property! There may not be this kind of an opportunity very long.