Thank you for the comments. You are correct. Real Estate is Local and Regional; some areas have gone completely insane! Those areas may be much greater than 30%. This is one of the few opportunities where fortunes will be available to almost all of the Investors that have prepared. Michael Douville
Thank you for the comments. Yes, the rules require a protocol to follow of exactly what you have stated. That is underway NOW! 9-15 months before the cascade of distress really gets going. Michael Douville
@@vitalsigns6403 I think your assessment is a strong possibility. So much additional money floating around that is much different than the prior corrections. the money is keeping things pumped up. there was more money created between 2019-2022 than in the whole of history of the usa.
@@vitalsigns6403 I agree with you. There is plenty of chaos coming. However, a non-performing loan can be tolerated for just so long particularly if there are tens of thousands. The Debt will need to be cleared. I am going to help my Government and Lenders out by purchasing those properties and helping them clear the Debt! Michael Douville
Thank you for the comment. Prices in the Median have dropped, but the upper end is very active and of a much higher proportion than normal; a bit of a distortion that will smooth out in the next couple of quarters. In many markets, prices have declined 3-7%, unemployment is rising, and general business conditions are deteriorating. A great example is the Auto Industry. I believe it is inevitable. My charts show a buy point in 9-12 months. Not the lowest, just the first. Michael Douville
Some of these multifamily partnerships are trying to paper over the losses by getting a loan workout ("extend and pretend") or bringing preferred capital in to enable a refinance.
Thank you for the comments. I agree, the lender does not want the loan to default. The lender will try everything possible, but without a doubt, they will eventually take the asset. As the Economy deteriorates, that may actually accelerate. Mezzanine debt will not save the Equity investors and often in a distressed property, Mezzanine wants out to preserve its Capital. The current environment and higher Cap Rates have lowered the values usually below the Equity Position and may affect the Mezzanine Capital Stack. Fortunes will be LOST!!!.........Fortunes will be MADE! Michael Douville
problem is that housing might not correct to the mean because of all the money created over the last 4 years. Like you say the money has to go somewhree.
Thank you for the comments. You are so correct! That is what everyone forgets; the retracement continues well past the mean. THAT over-correction should guarantee a very nice Capital Gain! Good Job. Michael Douville
20 to 30 Percent minimum. There are plenty of place that went up well over 100 Percent.
Thank you for the comments. You are correct. Real Estate is Local and Regional; some areas have gone completely insane! Those areas may be much greater than 30%. This is one of the few opportunities where fortunes will be available to almost all of the Investors that have prepared.
Michael Douville
Exactly. Plus debt forbearance, foreclosure prevention, loan mods, on and on
Thank you for the comments. Yes, the rules require a protocol to follow of exactly what you have stated. That is underway NOW! 9-15 months before the cascade of distress really gets going.
Michael Douville
@ i think they will keep extending all of this plus more. The govt wont allow meaningful housing inventory and price deflation to occur.
Eventually the lower class won't be able to afford things and they are the largest group. Wages in low end jobs take forever to catch up.
@@vitalsigns6403 I think your assessment is a strong possibility. So much additional money floating around that is much different than the prior corrections. the money is keeping things pumped up. there was more money created between 2019-2022 than in the whole of history of the usa.
@@vitalsigns6403 I agree with you. There is plenty of chaos coming. However, a non-performing loan can be tolerated for just so long particularly if there are tens of thousands. The Debt will need to be cleared.
I am going to help my Government and Lenders out by purchasing those properties and helping them clear the Debt!
Michael Douville
Michael, how long do we have to wait for the house price to drop?
Thank you for the comment. Prices in the Median have dropped, but the upper end is very active and of a much higher proportion than normal; a bit of a distortion that will smooth out in the next couple of quarters. In many markets, prices have declined 3-7%, unemployment is rising, and general business conditions are deteriorating. A great example is the Auto Industry.
I believe it is inevitable. My charts show a buy point in 9-12 months. Not the lowest, just the first.
Michael Douville
@@michaeldouville690 Thank you so much, Michael, for your detailed explanation. I really appreciate it.
Some of these multifamily partnerships are trying to paper over the losses by getting a loan workout ("extend and pretend") or bringing preferred capital in to enable a refinance.
Thank you for the comments. I agree, the lender does not want the loan to default. The lender will try everything possible, but without a doubt, they will eventually take the asset. As the Economy deteriorates, that may actually accelerate. Mezzanine debt will not save the Equity investors and often in a distressed property, Mezzanine wants out to preserve its Capital.
The current environment and higher Cap Rates have lowered the values usually below the Equity Position and may affect the Mezzanine Capital Stack.
Fortunes will be LOST!!!.........Fortunes will be MADE!
Michael Douville
problem is that housing might not correct to the mean because of all the money created over the last 4 years. Like you say the money has to go somewhree.
Thank you for the comments. You are so correct! That is what everyone forgets; the retracement continues well past the mean. THAT over-correction should guarantee a very nice Capital Gain!
Good Job.
Michael Douville
Damn you Biden….. u turned off the money !
Our nation needs a reset so the young people can participate in our economy.
reset pension funds.
GenZ needs to work for it. No more hand outs to lazy brainwashed non binary coddled video game children