by Brian Brady
Commercial Real Estate Finance Expert
Structured Debt and Equity
Licensed Real Estate Broker in AL, CA, and FL
Sean Purcell and I recorded a 15 minute episode this afternoon about what the stock market crash means for working REALTORs. We may come across as a couple of polyannas but we think the stock market might get some respite from…Columbus Day.
We talk about the great opportunities for investors and how REALTORs can court them.
Tom Vanderwell says:
For a minute there, I thought you were starting to sound like NAR spokesmen, but then you got back on track.
The three F’s and a V. You’re right on about it being government, government government.
I agree where you were talking about, “What has changed in the mortgage market?” Nothing. I’ve been preaching that too…..
Keep it up guys.
Tom
October 10, 2008 — 9:50 pm
Brian Brady says:
Thanks, Tom. We need to get you on one of these calls
October 11, 2008 — 1:17 am
Sean Purcell says:
Tom,
I have to tell you I am surprised. When we finished taping I said to Brian “If Tom or Michael (Cook) listen to this we will see some fireworks.” I expected the reaction would be to our calling the bottom of the stock market. Are you beginning to see some glasses half full?
PS
By your comment I realize that I have not posted the reasoning behind the rosy picture for real estate. That will be rectified shortly.
October 11, 2008 — 8:29 am
Tom Vanderwell says:
Sean,
In my market, the glass is still very close to empty, but I do believe that the financial maneuverings and panic that is happening is a necessary step toward finding a bottom, a bottom in the stock market, a bottom in the credit crisis and correspondingly a bottom in the housing market.
I also feel, in many ways, that the crisis that’s happening has moved past the real estate world and into areas of finance that don’t really affect consumers unless they are ones who want or need to access their retirement accounts. I feel sorry for those who have to access their retirement accounts in the next 5 years.
It’s going to be interesting to see how this all plays out, won’t it?
Tom
BTW – I was in Colorado last week, I’m in Seattle now, then back home. I should have more time to do one of your calls after this week. Let me know.
October 11, 2008 — 8:38 am
Michael Cook says:
Luck for you guys, I am at a wedding. I need to catch up on a lot of things, so I wont be able to participate. There is so much to say about the market, I plan on actually posting something next Tuesday. It will, of course, be many reasons why people should not be buying now, so I look forward to your rebuttles.
October 11, 2008 — 11:21 am
Brian Brady says:
Hey Michael,
Hope you’re enjoying the weekend. I love your stuff so I”ll look forward to reading your post. If you’d like to come on the show, we’d love to have you as a guest. I imagine you’d have to get cleared through compliance, etc. but consider this a standing invitation.
October 12, 2008 — 10:34 am
James Sanson says:
This was very good. I feel there is something bigger going on then some simple bad loans. I think somebody came in and said how can we crash the market and started offering looser loans, and then competition set in. I think the real estate and stock markets go counter opposite. I think if they mirror each other in counter opposites the dow will drop somewhere between 5500 and 6500. I guess we will just see. They might get lucky since the GOVT is trying to help over night vs. the real estate market they let it go on for about 3 years of BS.
October 12, 2008 — 3:53 pm