by Brian Brady
Commercial Real Estate Finance Expert
Structured Debt and Equity
Licensed Real Estate Broker in AL, CA, and FL
I was in Oceanside, CA, Saturday afternoon. My daughter is in the cast of The Wizard of Oz at the Star Theater. I watched her debut Friday night so I expected to while away Saturday at the beach or surfing the internet at Jitters Coffee Pub.
An interesting sign caught my eye. That sign and Mike Farmer’s proclamation that “real estate is dead” (he read it everywhere) got my contrarian mind whirring. The mere appearance of this sign affirmed my reason to join the Dan Melson recovery camp Searchlight Crusade.
N.B- Dan’s one of the sharpest out here; it sucks that he’s in my backyard.
Then, I read this.
…I’m just gonna recommend neg-am ARMs. Ask Mel Gibson why.
Dan Melson says:
Hey, Brian, we work different areas of the same county, and it’s not like there isn’t the business to keep both of us happy. Our business models are completely different, as well.
But as far as recovery, I’ve made my prediction. Some people think I’m crazy. Time will tell who’s right.
PS I found this yesterday, but haven’t published the post with the link yet
http://www.forbes.com/2008/03/31/homes-risky-property-forbeslife-cx_mw_0331realestate.html
April 15, 2008 — 11:28 am
Brian Brady says:
Dan-
Good points- I like promoting you because it shows how smart the SD mortgage guys are.
I’m on board with your recovery prediction.
April 15, 2008 — 11:44 am