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real estate prices in

Towards Liberty International Society for Individual Liberty > Don't Get Stuck Paying "Zombie" Debt – Towards Liberty – A commentary on current events by Jarret Wollstein The Coming Real Estate Collapse – 05-24-05 – As real estate prices in much of the U.S. continues to soar, evidence is growing that both commercial and residential real estate is greatly over-priced in many of the country's hottest markets – including New York City, Boston, Washington, D.C., Miami, and much of California. One clear indication that real estate is overpriced is that rents are now a fraction of mortgage payments, and are continuing to fall in terms of real dollars. For instance, Forbes reports that cash return on income-producing real estate has fallen from 9% a few years ago, to just 5% to 7% now, and is likely to go lower. You can clearly see why rents are falling in overheated markets like California's Silicon Valley. In the San Francisco-San Jos corridor, there is currently over 33 million square feet of un-rented (and in many cases never occupied) commercial space. Last year, just 65 thousand square feet of this enormous inventory was rented. At that rate, it will take over 507 years to rent all unoccupied commercial real estate in Silicon Valley. Since most investors can't wait over half a millennium for returns on their capital, what's more likely is that commercial real estate prices in this "hot market" will soon fall like a rock. Another indication that real estate is poised for a fall, that fewer and fewer people can afford today's astronomically-priced houses. For instance, in California – where ordinary 2,000 square foot, 3-bedroom homes are going for $500,000 to $2,000,000+ – less than one family in six now qualifies to repurchase their own house. Another indications that real estate is ready for a fall: Of 362 U.S. metropolitan areas, about 15% are experiencing a housing "boom" – a three-year, inflation adjusted price gain of 30% or more – according to the Federal Deposit Insurance Corporation. That's the highest number of boom markets ever recorded in the 30 years that they have been tracked. In Americas hottest real estate markets – including the big cities in New York, Florida and California – housing prices went up by 15% to 35% in the past year alone. This is clearly unsustainable. No matter how low interest rates are and no matter how many schemes George Bush comes up with for an "ownership society," it's clear that we are rapidly reaching the point when hardly anyone can afford to buy a new house in a hot real estate market, without putting their financial future in jeopardy. So what's propping up the real estate bubble, and causing housing prices to go ever-higher, even as rents fall and commercial landlords face enormous vacancy rates? Besides artificially low interest rates, the answer, in a word, is speculation. Up to one residence in three in California is now purchased not to live in, but for resale, according to the San Francisco Chronicle . The comparable figure may be as high as one property in two in the Las Vegas area. In downtown Miami, 80% of approximately 35,000 new condos now under construction or just completed, are owned by investors – not people who actually plan on living in them – according to MoneyNews.com. Call it the triumph of delusion over reality. I can't tell you how many people have told me that real estate price "can't fall, because if they did, they would be bankrupt." In other words, because they want prices to stay up, they must stay up. If you believe that, there is a nice three-bedroom fixer-upper on a dirt lot, and on the edge of an eroding cliff, in Pacifica, California, I'd like to sell you for just $2.5 million. Buy this bargain now, before the price really goes up! (This is a real example.) In the current frenzied real market, self-delusion is rampant. In Florida's red-hot real estate market, one Miami realtor recently told the New York Times , "South Florida is working off a totally new economic model than any of us have ever experienced in the past." That's precisely what executives of dot coms told investors to justify their astronomical stock prices, just before the collapse – which triggered the destruction of over $3 trillion in stock value. Unfortunately, for many overextended home owners, property prices aren't immune to the laws of economics. Property prices can and do fall in America, as witnessed by the bear markets of 1974-75, 1980-82 and 1990-92. A personal example: One Northern California home owner I know bought his 2,000 sq. ft. house for $750,000 in 1989. In 1992, he was couldn't get $450,000 for his property, and was forced to declare bankruptcy after he lost his job. Millions of overextended American families with "interest only" and adjustable rate mortgages will likely find themselves in the same boat, when mortgage interest rates edge up above 7% or 8% – which is likely by the end of this year. (Fed Chairman Alan Greenspan has warned that we can expect at least a 2.25% increase in interest rates in 2005, on top of the 2% increase in 2004.) The brutal financial reality is that a mere 2% rise in mortgage rates, can increase ARM payments by as much as 40% – an unsustainable burden for families living on the edge. One way or another, at best , the U.S. real estate bubble has 1 to 2 more years to run before it collapses. If you or your children are among those living in overpriced homes you can barely afford, NOW is the time to sell, when the market is at or near its peak, and before prices drop by 30% or more – and they find themselves living in a Motel 6 or in your basement. To minimize taxes on the profits, reinvest in a home in a small town or rural area where prices arent so absurd, and bank the rest. Please stay in touch! Add yourself to our e-mail list. Two times per month we send an update on the activities of our members and new features at ISIL.org. Simply enter your e-mail address here and click the button. You can easily remove yourself (unsubscribe) at any time. E-mail us at isil@isil.org if you have any personal questions or comments. E-mail address: Subscribe Unsubscribe



Land For Sale In

LandAndFarm.com - Land for sale, Farms for sale, Rural Property for sale Advertise here Search Properties Wanted Auctions Newsletter Quick Start Register About My Properties Number of visitors online now: 217 Thursday, December 29, 2005 Ad Prices Help Contact Login Subscribe to Rural Property Bulletin Last Few Listings Most Viewed Least Viewed Recently Updated Search by USA Map Rural Property Sites Tool Box Get new properties in your email box! Newsletter Sign-up: yourname@xyz.com HTML TEXT For fun: old listings Contact Us Community Stats Seller emails: 102,892 Property emails: 110,227 Property Views: 13,028,620 Newsletter Subscribers: 14,850 Site Statistics Property 1761 Brokerage 15 Finance & Mortgages 3 Wanted 1 Businesses For Sale 7 Livestock 1 Rural Living 16 Miscellaneous 3 By Land Use: commercial land : 117 dairy farm : 22 fish - aquaculture : 15 forest - natural : 283 forest - planted : 116 historic : 41 horse farm : 380 hospitality : 61 hunting property : 610 livestock operation : 129 mobile home park : 4 oil or minerals : 7 orchard : 17 organic uses : 20 pasture : 319 permanent crops : 43 poultry farm : 33 recreational property : 677 residential land : 844 row crops : 107 undeveloped land : 377 vegetable farm : 15 vineyard : 15 waterfront : 152 By Country: United States : 1709 Canada : 39 South Africa : 34 Zambia : 5 Botswana : 5 Chile : 4 Argentina : 2 Belize : 2 Brazil : 2 Mozambique : 2 Australia : 1 Namibia : 1 Kenya : 1 By Price Per Acre: <$100: 8 $100 to $500 : 34 $500 to $2,000 : 280 $2,000 to $5,000 : 402 >$5,000 : 734 By Acres: <50 : 991 <200 : 1460 200 to 500 : 182 500 to 1,000 : 78 >1,000 : 108 By State/Province: Alabama : 24 Arizona : 11 Arkansas : 14 California : 20 Colorado : 29 Connecticut : 4 Florida : 88 Georgia : 283 Idaho : 12 Illinois : 29 Indiana : 7 Iowa : 9 Kansas : 17 Kentucky : 58 Louisiana : 13 Maine : 32 Maryland : 6 Massachusetts : 7 Michigan : 7 Minnesota : 16 Mississippi : 14 Missouri : 76 Montana : 6 Nebraska : 4 Nevada : 6 New Hampshire : 5 New Jersey : 16 New Mexico : 7 New York : 75 North Carolina : 59 North Dakota : 38 Ohio : 61 Oklahoma : 9 Oregon : 6 Pennsylvania : 6 South Carolina : 64 South Dakota : 22 Tennessee : 293 Texas : 27 Utah : 11 Vermont : 11 Virginia : 123 Washington : 11 West Virginia : 49 Wisconsin : 18 Wyoming : 6 Alberta : 1 British Columbia : 3 Buenos Aires Capital Federal : 1 IV Coquimbo : 1 Manitoba : 1 Mendoza : 1 New Brunswick : 11 Nova Scotia : 12 Ontario : 3 Para : 1 Quebec : 3 Queensland : 1 Saskatchewan : 5 VII Maule : 1 XI Aysen : 2 Not In USA or Canada : 1 Properties by: Land Use Country State/Province Acres Price Per Acre Florida RESULTS Sort by: price size Total records: 88 Showing records: 1 to 20 Go to page : 1 2 3 4 5 New Search Secluded Home On 5 Acres ( residential land, horse farm, pasture) A 5.00 acre property with an asking price of $489,000. This property is for sale. Country: Other. State/Province: Florida. County: Hillsborough. Awesome Acreage in NE Florida ( forest - planted, undeveloped land, hunting property) A 21.40 acre property with an asking price of $295,000. This property is for sale. Country: United States. State/Province: Florida. County: Nassau. Walker Springs Auction ( hunting property, forest - natural, undeveloped land) A 1,257 acre property. This property is to be AUCTIONED . Country: United States. State/Province: Florida. County: Jefferson. 87 Acres With Hunting Lodge ( hunting property, recreational property, residential land) A 87 acre property with an asking price of $699,900. This property is for sale. Country: Other. State/Province: Florida. County: Wakulla. 12 Acres Fenced ( horse farm, residential land, pasture) A 12.00 acre property with an asking price of $599,550. This property is for sale. Country: Other. State/Province: Florida. County: Lake. Land For Sale In North Florida ( residential land, forest - natural, recreational property) A 5.00 acre property with an asking price of $74,900. This property is for sale. Country: Other. State/Province: Florida. County: Columbia. 40 Acre South Florida Ranch ( residential land, livestock operation, pasture) A 40 acre property with an asking price of $1,950,000. This property is for sale. Country: United States. State/Province: Florida. County: Okeechobee. Mims - Florida 40 Acres+additional acres ( residential land, pasture, horse farm) A 40 acre property with an asking price of $1,600,000. This property is for sale. Country: United States. State/Province: Florida. County: Brevard. Serenity Arabian Farms ( residential land, waterfront, horse farm) A 47 acre property with an asking price of $1,700,000. This property is for sale. Country: United States. State/Province: Florida. County: Putnam. 5.0 Rdfront Pasture Trees ( pasture, residential land) A 5.00 acre property with an asking price of $65,000. This property is for sale. Country: Other. State/Province: Florida. County: Hamilton. Jupiter Farms Jewel ( horse farm) A 1.25 acre property with an asking price of $349,000. This property is for sale. Country: Other. State/Province: Florida. County: Palm Beach. Cedarpond Farm ( horse farm, residential land, forest - natural) A 35 acre property with an asking price of $750,000. This property is for sale. Country: Other. State/Province: Florida. County: Putnam. Willows ( residential land) A 7.50 acre property with an asking price of $1,350,000. This property is for sale. Country: Other. State/Province: Florida. County: Brevard. Grant Property ( residential land, horse farm, pasture) A 24.25 acre property with an asking price of $1,100,000. This property is for sale. Country: Other. State/Province: Florida. County: Brevard. 160 Acre Farm Walnut Hill Fl ( pasture, forest - planted, forest - natural) A 160 acre property with an asking price of $999,900. This property is for sale. Country: United States. State/Province: Florida. County: Escambia. Saddle Club Estates ( horse farm, pasture, residential land) A 22.00 acre property with an asking price of $839,000. This property is for sale. Country: United States. State/Province: Florida. County: Volusia. Tampa Bay Area 20-40 Acres ( horse farm) A 40 acre property with an asking price of $1,700,000. This property is for sale. Country: United States. State/Province: Florida. County: Pasco. Country Living So Close To Jax ( residential land, undeveloped land, mobile home park) A 16.00 acre property with an asking price of $185,000. This property is for sale. Country: United States. State/Province: Florida. County: Charlton. 4.69 Acres With 5 Stalls ( horse farm, residential land, pasture) A 4.69 acre property with an asking price of $669,900. This property is for sale. Country: United States. State/Province: Florida 64 Unrestricted Acres ( forest - natural, residential land, undeveloped land) A 67 acre property with an asking price of $275,000. This property is for sale. Country: United States. State/Province: Florida. County: Holmes. Total records: 88 Showing records: 1 to 20 Go to page : 1 2 3 4 5 LandAndFarm.com SPONSORED RESULTS 1. Hollywood Beach Marriott Located on the beach and boardwalk of the world famous Hollywood Beach, Florida, the brand new Hollywood Beach Marriott with 229 oceanview rooms is your perfect destination. http://www.hollywoodbeachmarriott.com 2. Looking For FLORIDA? Find Florida and more at Lycos Search. No clutter, just answers. Lycos ? Go Get It! http://www.lycos.com 3. Find FLORIDA at eBay Looking for Florida? eBay has great deals on new and used electronics, cars, apparel, collectibles, sporting goods and more. If you can?t find it on eBay, it probably doesn?t exist. http://www.ebay.com 4. Shop for FLORIDA Looking for Florida? MonsterMarketplace shopping directory has Florida and everything else you?re looking for at one secure online location. Click to view top selling Florida. http://www.monstermarketplace.com 5. Research FLORIDA at HighBeam. View free full-text articles and free premium archive previews at HighBeam Research. Find, organize and share information from 1,000s of trusted business, consumer and reference publications. http://www.highbeam.com ©1998-2005 - LandAndFarm.com - Contact Us - Privacy Notice - Disclaimer - UserAgreement - Advertise With Us



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Bank of Hawaii | Land Loans e-BANKOH SIGN ON Select One ----------------------- Hawaii/Am. Samoa Guam/Saipan/Palau Learn More | Demo | Enroll Other Online Services Sign On Learn More Select one ----------------------- E-BANKOH - Hawaii & Am. Samoa - Guam/Palau/Saipan ----------------------- CREDIT CARD MGMT. ----------------------- INVESTING/WEALTH - Online Investments - Online Trust - Online 401(K) ----------------------- REG. SHAREHOLDER Customer Service Center 1-888-643-3888 (TTY 1-888-643-9888) Re-order Checks Download the Bankoh by Phone Quick Reference (PDF) Open an Account (existing customers) Apply for a Loan More Financial Planning Tools Budgeting Buying a Home Planning for Retirement Borrowing More Contact Us Locations Economics Security About BOH Community -- News Room Checking | Savings & Time Deposits | Loans | Cards | Investments & Wealth Management | IRAs | Other Land Loans The foundation to build your future. Related Links Mortgages Mortgage Rates Loan Officers How Do I Apply? Mortgage Calculators Glossary To Apply Contact a Loan Officer. Got your eye on a hot property, but not quite ready to build? A Bank of Hawaii Land Loan can help you lay the groundwork. Features and Benefits: Loans from $10,000 up to $1,000,000. Lower monthly payments. Available for owner-occupant, second home, and investor purchases. Requirements and Other Restrictions: Certain requirements and restrictions apply. Subject to loan approval. Not valid with any other offers. Careers Site Index Privacy Policy Terms of Use



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Real estate listings - vacation, investment & retirement homes The Leading Real Estate Marketplace for Vacation Properties & Second Homes Research cities, find local experts, search real estate listings for vacation, retirement, investment, and more! Search By: <Location> INTERNATIONAL Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming <Interest> Beach Golf Hunting Fishing International Island Lakes and Rivers Mountain Ranch Urban Living Wine Country <Property Type> Second Homes Fractionals Timeshares Vacation Rentals Home Exchange Find Me a Top-Rated Agent Home Research Towns | Find an Agent | Real Estate Search | Tools & Articles | For Agents | Sign In -- Find a Town, Property, or Specialist Now! -- Join EscapeHomes today! FEATURED PARTNERS: Private Residence Clubs – fractional ownership at its finest -- A POSTCARD FROM -- A POSTCARD FROM MAMMOTH MOUNTAIN, CA Since buying our second home near Mammoth Mountain, both my husband and I have become expert skiers! The ... Learn more FEATURED PROPERTY -- FEATURED PROPERTY #1 Ski Resort Fractional Learn more FIND REAL ESTATE ON MLS Instantly view homes for sale on the same MLS that real estate professionals use. All for free  with no obligation! -- ONLINE FORUMS Whether you are a second homebuyer, real estate investor, retiree or REALTOR® you'll find valuable information here. IN THE NEWS See what CNN, The Wall Street Journal, USA Today, and The New York Times are saying about us. -- NEW HOMES Find top resort communities throughout the country. Golfing, skiing, mountain sports, lakefront living, retirement, and more! Advertise your properties, resort development, or real estate professional services on EscapeHomes.com Partners Newsletters Press About Us Contact Us Privacy Statement Terms EscapeHomes is the leading real estate listings source for vacation homes, investment homes and retirement homes, matching vacation home buyers with local real estate agents. Search free real estate listings in all major markets for second homes. Access real estate tools and articles to make informed purchase decisions on vacaton homes, investment homes and retirement homes. Site Map | Real Estate Articles | Alabama Real Estate | Arizona Real Estate | California Real Estate | Colorado Real Estate | Delaware Real Estate | Florida Real Estate | Hawaii Real Estate | Idaho Real Estate | Maine Real Estate | Massachusetts Real Estate | Nevada Real Estate | New Jersey Real Estate | New Mexico Real Estate | New York Real Estate | North Carolina Real Estate | Oregon Real Estate | Pennsylvania Real Estate | South Carolina Real Estate | Texas Real Estate | Utah Real Estate | Vermont Real Estate | Virginia Real Estate | Washington Real Estate | Wyoming Real Estate | Beachfront Vacation Property | Golf Real Estate | Hunting Fishing Real Estate | International Real Estate Listings | Island Property For Sale | Lake Homes For Vacation | Mountain Homes | Ranch Property | Urban Real Estate | Wine Country Property | Second Homes for Sale | MLS Home Search | Homes For Rent | Fractional Real Estate | Real Estate Search Engine | Recreational Real Estate | New Homes | Resort Communities | Luxury Homes | Online Forums




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