Perrysburg Blog

The auto industry is asking for a bailout.

Wall Street?  They got theirs!

Who is next?  I don’t want to think about it.  Leaderless, our government is making serious error after serious error, seemingly compounding the mortgage mess that I have been writing, warning, and blogging about for over 3 years.

Now I read that 1 in 10 Americans – 10% of the homeowners – is behind on their mortgages.

That’s amazing.  That is huge.  But what is the upshot in Perrysburg?

Simple:  Real Estate Is On Sale.

I will not peddle the pablum that the National Association of Realtors peddles every month: “Now is a great time to buy a home!”

Not me.

But if you are a buyer – you are going to get the deal of a lifetime.  It is really that simple.

You should have a large down payment saved up.  You should not impoverish yourself to buy a home today.  But if you are in the market, this is the time to get a house on sale.   My investor clients are GIDDY with excitement over current prices.   And they are making money.

First time buyers?  Wow.  I wish I was one today.

Are you an investor?  Do you want to become one?   I am peddling an 14 unit apartment building in excellent condition for a bank.  It’s an REO apartment building.  Not many of those!  Under $200,000.  Comes with tenants and garages.

Now that’s a sale.

My own opinion is that if the Federal Government would JUST LEAVE THINGS ALONE we would soon establish market values and things would be fine.  (I would also eliminate capital gains taxes for 24 months – then you would need to really watch out!)

This is a tough year – in some markets 40% of the Realtors are leaving.  In Toledo 25%++ are failing and cannot support a family or themselves.

But if you have been wise – and if you have a plan – real estate is on sale.

Don’t miss it!