Well, we are all worried about it and the Smart Investor is really considering their options in today's market. Real Estate and Stocks are all over the place! So what are we to do? What really will come of the entire market? Who really knows. What we do know is that many intelligent people are making claims.
Greenspan Calls for 'Nationalization' of GSEs
Former Federal Reserve Chair Alan Greenspan told CNBC Thursday that falling U.S. home prices “are nowhere near the bottom” and the turmoil isn’t close to abating. He said the odds of recession are 50-50 and achieving stability will “take awhile.”Greenspan called Fannie Mae and Freddie Mac a "major accident waiting to happen" and said the solution is "nationalization" of the companies, a restructuring involving an infusion of taxpayer money and eventual sale back to the market as "five or 10 separate entities." Source: Bloomberg News, Steve Matthews (09/01/2008)
So maybe the bottom isn't here! We have been evaluating different markets and would love your imput also. In our area of Destin Florida, most people can afford between $1,000 - $1750 a month...that includes taxes, insurance, etc. Guess what...you can't buy anything for that these days..well you can, but you have to look deeper into the short sale market. We are helping people get involved in these types of properties....let us tell you more today!
Also visit the corporate website online at www.RandBCoastalRealEstate.com where we have more information available.
For available properties in Destin Florida please visit www.Destin-Florida-MLS.com for more great investment options in these markets.
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