The Wall St Bail out! How does this affect SAN DIEGO Real estate?

Billionaire Mark Cuban summed it up here:

1. The Bailout Hits. Euphoria on Wall Street. Stock Market goes up.

2. Banking Balance Sheets improve, Banks of all types say the problem is solved. They loan money to their biggest corporate and very rich clients. They have to, they dont want to lose their business. Of course, those corporate and rich clients borrow as much as they possibly can because they dont know when and if credit will dry up.

3. Wall Street Analysts say they are optimistic that retail sales will be stable with last year, and possibly even up as consumer confidence has shown increases

4. We start to hear complaints from consumers and small businesses that loans are not available to them , or when they are, the terms are unreasonable.

5. Dec sales for retailers are below last year and below analyst expectations. Retailers say its due to lack of credit availability to consumers.

6. Mortgage default rates start to increase

7. Stocks fall hard

8. The Treasury Department says it underestimated the amount of money that needed to be pumped into the system in order to create liquidity for MainStreet. They announce they will use the ANTICIPATED profits from the 1st bailout to fund the next 500B of bailout

9. They time the 2nd 500B “investment for the taxpayers” to be on the 101st day of the new administration.

10. The Recession grinds on and on and on

So…this means again MORE foreclosures, more shortsales. But we’ve been saying that for years now, since way before the mess.

This is a great time for buyers and investors to buy homes in San Diego! Interest rates are at 5 year lows and prices have been pushed down significantly over the last 3 years.

Now more than ever, it is critical that buyers or sellers get a PROFESSIONAL! There is as much as a 90% chance that the home you want to buy is either a Short Sale or a Bank Owned Foreclosure (REO)! IF your agent doesn't truly understand the nuances of these types of transactions, it can cost you dearly!

All the best
Marc

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For everything you need to survive and prosper in the current San Diego Real Estate Market, go to: http://www.MarcVonMusser.com

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OPEN HOUSE: Solana Beach Remodeled Home for SALE! OPEN HOUSE Sat from 11-2

If you want to see one of the finest homes for sale in SOLANA BEACH, then stop by our open house at 358 N Sierra Ave, Solana Beach, CA 92075.

This home will be OPEN to the public from 11-2. This home is GORGEOUS and has a once in a lifetime location! It's priced to sell IMMEDIATELY! Anyone that knows this neighborhood, beach properties, seasonal rentals, Solana Beach & Del Mar; knows what a great deal this is!!!

Here's a link to see more about this amazing home:

http://www.marcvonmusser.com/search-listings/view-67.html


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For everything you need to prosper in today's market, go to: http://www.MarcVonMusser.com

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Real Estate Market Video - San Diego

Here's a good video explaining how we got here, some historical perspective and some hope. This was designed for new construction, but the economics are the same.



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For everything you need to not only survive this market, but actually Prosper; go to http://www.MarcVonMusser.com

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SOLANA BEACH Beach home for SALE: Walk to beach

Solana Beach beach home for sale. Look how close you are to the beach!!!!

Homes like this rarely become available, escpecially in this condition and for this price!

For more information/photos go to: http://www.MarcVonMusser.com

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For everything you need go to: http://www.MarcVonMusser.com

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Solana Beach Beach Cottage For SALE! Stunning Remodel, walk to beach

Stunning Solana Beach Beach Cottage!

Walk to beach, this home is perfect for a 2nd home, fractional ownership, seasonal rental, or simply a turn key, model home! It's gorgeous!

Over $100,000 in improvements. This home was remodeled from the ground up! Priced to SELL FAST! A similar model, just sold and closed for about the same price, WITHOUT the improvements. Homes on this side of the 101, rarely become available, certainly not in this condition!

This 2 bedroom, 2 bath home lives much larger than the foot print. This isn't an accident. Extreme design steps were taken to maximize every possible space. You will be amazed at not only how incredible the design, but also the warm, open feeling.

Go to http://www.MarcVonMusser.com for more information



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For everything you need to prosper in today's real estate market go to, http://www.MarcVonMusser.com

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