Long Beach, California (Downey, CA)
By Carlos Arvizu, (R.V. Zoo)
(Carlos R. Arvizu Sr. with Prudential California Realy)
The Road to Recovery is upon us.  Most people believe it or not, are still listening to the doomssayers, yet if you look at the  underling events that are taking shape today, and analyze the momentum of activity on the market, you'll discover that multiple offers are being made on more and more property each day, even on November 18th 2008.  Typically October, November and December are slow months. Why you might ask?  We all know Convential Lenders are not lending ask brisk as they were in years past, however, having said that, capital markets had stopped lending because of the MBS's, CDO's, and SPV's that contaminated the commercial paper markets.  The climate at the Treasury Dept. clearly shows that banks are becoming healthier with bailout money.  Fresh capital, not tarnished capital...
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By Carlos Arvizu, (R.V. Zoo)
(Carlos R. Arvizu Sr. with Prudential California Realy)
Unfortunate as it may seem, the news media  is distorting facts again, as with the case of a writer of an article (Alex Viega) from the Associated Press, which posted today from the Associated Press, as reported on AOL finance section.     Partial Story:  The U.S. had one foreclosure filing for every 617 households in November, RealtyTrac said....         ( Rebuttal:  does this mean, out of the entire housing market of the United States, approx. 200 million homeowners, that less than 3% are having financial difficulties, could it be that there may be other attributing factors, such as death, divorce, loss of Job or pure ill responsibility upon the borrower, Come on, give us a break)The filings include default notices, auction sale notices and bank repossessions. Some properties might ha...
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By Carlos Arvizu, (R.V. Zoo)
(Carlos R. Arvizu Sr. with Prudential California Realy)
Hedging your Retirement IncomeOne of the Suresh ways to create wealth over time has been the stability in our rental income property.Recently, my spouse found out that she would soon be retiring after 35 years.  Her company, like many others in the private sector, has eliminated retirement pensions by providing 401k plans that the employee contribute to their own pension, taking part of the risk for the ups and downs of the stock market, and so forth.  Recently, she complained to me that she lost $45,000. in a matter of a few days on the roller coaster market.   I take it in stride, because it's her retirement income that she watches every day.  I, on the other hand, look at my long term investments, such as a 4 unit apartment building I bought almost 3 years ago.  I bought at the high ...
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Downey, CA Real Estate Professionals