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CNN Money: A new recession seems inevitable
They have been telling us that the recession has been over since 2009. Technically this may be true because National GDP has seen small rises since then, but to most of us it still feels like we are in a recession.
Banks still are not lending money to businesses. The Job picture still remains bleak. The unemployment rate is the number that gets all of the attention, but the underemployment number continues to hover in the high teens.
Now we have one of the most respected economist when it comes to predicting recessions telling us that the economy will "officially" be in recession status by the end of summer 2012.
What do you do with you money during these times. You have worked hard to save money, but there are few places you can put your money that will spit off the returns you want yet protect your money from risk of losing it all.
The AMOSO investment program is currently generating returns in the double digits for its investors, and their capital investment is backed by a piece of real estate.
CNN Money: Foreclosures Climbed in January
Key Points to note:
- 1 in every 624 homes in the US got hit with some sort of Forclosure Filing
- Foreclosures increased 3% of December 2011
- While Foreclosures are down since January of last year, it is mostly due to a slower foreclosure process by the banks.
For investors with CASH to purchase investment property, this is great news. The new glut of foreclosures will push property values, particularly values in heavy rental census tracts, even lower.
While banks will tell you that buying rental homes is a risky move, it is not. What is risky is financing these homes, but most banks won't let you anyways, which is why this is the market for CASH buyers.
CASH buyers have all the power in this market, and can dictate extremely low purchases prices on these distressed properties, becuase the only competition they have are other CASH buyers which in itself limits the seller's or bank's ability to play the "buying field."
The Big Financial Institutions are paying a very heavy price for their greedy and poor lending judgments through the first 7 years of this century. The other thing hurting the financial institutions is their unwillingness or inability to lend money currently.
Investors like AMOSO Properties will continue to take full advantage of this situation until the banks figure out how to sort their mess out.
It is sad to say for the economy but the mess that these banks, Fannie and Freddie have created created is still years from being overcome.
If you would like to learn how you too can make money in this housing downturn, please contact AMOSO Properties by CLICKING HERE.
CoreLogic released it December HPI (Home Price Index) ananlysis recently. It shows that in 2011 Home Prices were down 4.7%. According to CoreLogic this is the Fifth Consecutive year that Home prices have decreased.
"While overall prices declined by almost 5 percent in 2011, non-distressed prices showed only a small decrease. Until distressed sales in the market reced, we will see continued downward pressure on prices," said Mark Fleming, chief economist for CoreLogic.
Ok so this isn't great news. This report shows that Housing market is still in the tank. This coupled with current jobs data, means that recovery for the home market is a long ways off.
The silver lining in all of this though is that there is an unprecidented opportunity for CASH buyers to make incredible returns on investment in Real Estate, by buying those distressed properties in the CoreLogic Report.
One may ask "Wouldn't we just be contributing the overall problem?" This simple answer is NO. The problem already exists. The only way for the problem to go away is for the distressed properties to be bought, and turned into viable assets.
So while the rest of the market is struggling, become part of the solution and Invest with AMOSO and we will do our part to fix the economy one distressed asset at a time. We will turn those distressed assets into viable economic benifits rather then burdens.
Not to mention the excellent returns you will see while doing your good deed for the US housing market and economy.
Its been far too long since I last commented on this Blog. Mainly due to how busy I have been. Investor demand for the AMOSO Investment model has been huge.
AMOSO Properties and the AMOSO Partnerships Owned 8 properties at the beginning of 2011. On June 1st 2011, the total number of properties owned was 11. Beginning in June the “Referral Marketing” efforts and other Advertising efforts began to pay dividends. From June 6th to today, the AMOSO partnerships have acquired a total of 28 properties, and currently have 3 more under contract and one partnership actively seeking one more property by the end of the year. The 2011 Year End Total for Properties owned by AMOSO Partnerships will be at least 42. By December 31st, 2011 AMOSO will have acquired 31 properties in 30 weeks. The following graph visualizes the extreme growth AMOSO has experienced in 2011
