All right people, if you are spending Euros and pounds, it is probably time to buy a property in the U.S.A. Especially of you are considering Las Vegas, Miami or Phoenix. This press release pretty much says it all:
The Westin Verasa Napa Residences Set to Transform Downtown Napa With Late September 2008 Opening
Condominium-Hotel to Include Stunning Architecture, Upscale Amenities and World-Renowned Chef
Napa, Calif. (May 19, 2008) – The Westin Verasa Napa Residences is preparing to become the epitome of the Napa Valley lifestyle when it opens in late September. The luxury condominium-hotel will bring to downtown Napa a distinctive level of service and amenities that will include one of America’s most highly acclaimed restaurants. A limited number of resort residences are still available starting from the mid $400,000s and sales are being managed by pre-eminent Bay area realtor Alain Pinel Realty.
More on The Westin Verasa Napa Residences Will Open Late September 2008
Ariel West Unveils Model Home and LA PALESTRA Wellness Center
Exclusive Broker Event Highlights Upper West Side Condo Jewel
Gary Barnett, president of Extell Development Corp. welcomed brokers this week to an exclusive unveiling of the Ariel West new model home and LA PALESTRA Wellness Center.
Your exit strategy is an extremely important part of your real estate investing business. In fact, it is one of the most important parts. Sometimes investors get excited because they learn how to buy properties, they find them and they have the money lined up to purchase them, and they do, But when they get them, they have no idea what they plan to do with them.
More on Wholesaling-A strategy for investors wanting to make $10,000+/mo
For those of us looking at the golden parachutes handed to some of the top investment bankers recently and wondering how come you get to be paid millions of dollars for F***ing Up Big Time – The Big Picture, a Wall street financial blog, has taken the trouble to post a nice little PowerPoint presentation explaining the whole thing.
Having spent six weeks looking at foreclosures in the United States, I have decided to wait a while before investing heavily. This crisis has not yet run it’s course and I feel there are more casualties to come.
As the U.S continues to struggle with issues created by the sub prime crisis, the lending climate in the U.S (confused) is encouraging more and more American real estate agents and owners to market their inventory overseas.
No surprises here then – The Wall Street Journal reports:
Bank of America Corp. agreed to buy tottering mortgage giant Countrywide Financial Corp. in a $4 billion all-stock deal, a move that could build a bulwark against the mortgage-default crisis by protecting one of its biggest casualties from collapse.
The first warning shot has just been fired across the bows of Manhattan’s high end property sector. Douglas Heddings, of New York real estate blog, True Gotham has just reported:
“Well I knew that the day would come when a voice on the other end of the phone would say, “We’re in a holding pattern because my bonus wasn’t anything like I thought it would be.” That day has indeed arrived as one of my team members informed me that he received just that phone call last week from one of his buyers who was in line to purchase a $2,900,000 property at The Rushmore.”
The last private island in New York City, an untamed speck of land with spectacular views of the Manhattan skyline, was preserved on Tuesday for its current residents — snowy egrets and black-crowned night herons. South Brother Island — a 7-acre (2.8-hectare) vacant island in the East River between The Bronx and Queens — was handed over to the city on Tuesday to be protected as a bird nesting ground, officials said.
