In addition to the sweltering heat of Las Vegas (can we say 110 degrees….YICHS!) the $400,000 and below housing segment is heated up right now because of ONE thing - FHA with NO MONEY DOWN loans. Huh, you mean the housing crisis and ridiculous sub-prime lending tsunami of foreclosures didn’t make the ‘no money down’ loan disappear as fast as Neo can move in and out of the Matrix? [Read more]
Some of you may know that one of the keys to making my first million in real estate was research and watching for economic trends of an area. For instance, in the early 2000s…I’ve never visited Las Vegas yet I fully moved there just for the real estate market!Fast forward to today, I do see great trends for a few areas and each area has a specific ‘real estate investing’ tactic required to create wealth for you. Let’s look at one trend some of you may know I’ve been watching for over a year now. That trend is the foreign investment in other countries and fractional real estate. My trip last fall to Ecuador to investigate in-depth with real estate developers the ‘lay of the land’ so to say of Ecuador real estate showed me that indeed, Ecuador is the where Costa Rica or Mexico was 10 years ago and I believe it is time to seriously consider buying real estate in Ecuador.
Now…let’s go to the ‘great sign’, just released today is a press release from Delta Airlines how they are adding more non-stop flights to Ecuador. You can read the press release by clicking here, and the interesting trend is that while airlines are closing or decreasing certain flight routes… here is a major airline investing into the routes to Ecuador!
Hope you enjoyed this post, Maria Gudelis
Hi, Maria Gudelis here and I just had to blog about some shocking news - I’m not sure how to take it as I know in the real estate frenzy heyday, Countrywide would loan money to anyone with frankly, a pulse! However, I’m not a huge fan of blame and lawsuits flying around when everyone’s hand was in the cookie jar of greed!
An excerpt from the breaking news by Reuters:
“Florida sued mortgage lender Countrywide Financial Corp (CFC.N) on Monday for predatory lending practices, alleging the company at the center of the U.S. mortgage crisis made subprime loans to people who could not repay them.
The Florida attorney general filed the lawsuit, which names Countrywide Chief Executive Angelo Mozilo as a defendant, in state court in Broward County, Florida.”
To see the entire article, click here.
Enjoy reading, Maria Gudelis
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