Monthly Archives: September 2008
With all the news about government bailouts, plummeting shares and takeovers aimed at preventing failures, are dark days ahead for the economy?Â Some, no doubt, think so.Â But I can’t help but sense that—amid all the financial maneuvering and restructuring—something else is lurking:Â Opportunity.
Oh, I might be nuts for thinking this, but I see some investors—the ones who’ve been conservative and cautious while others were wreckless—as coming out real winners in the long run.
For example, consider American International Group, Inc., which is trying to come up with cash to pay off an $85 billion dollar government loan.Â AIG owns $16 billion in real estate holdings throughout the world, including a 15-floor building in Marunouchi, Japan’s most expensive business district.Â Some of these so-called ‘trophy’ properties, which don’t come up for sale often, may wind up with a big ‘For Sale’ sign out front.Â Unfortunately, holdings like these are a little out of my league (!), but for someone, I think they spell ‘opportunity’ in a big way.
And speaking of opportunity, with the news media so focused on uncertain economic times, you may have missed what may be shaping up to be a modern day gold rush unfolding in one part of the Gulf Coast.Â Speculation is growing that a natural gas discovery called the Haynesville Shale in northwest Louisiana could be huge.Â Energy companies are buying mineral rights from property owners at a fast pace.
These are just a few of the reasons why real estate continues to be such a valuable commodity and—even during a jittery financial market—a solid investment.
Starting to wonder whether buying a home would be better than renting?Â If you’ve never bought a home before and have been giving this some thought, a program recently restarted by the State of Alabama may help make buying a home easier for you.
We’ve got details in our latest netcast, which you can listen to here:[audio:http://www.calloncolleen.com/podcasts/091108.mp3%5D
Care to download the program so you can listen to it later?
Click here to download…
The market continues to be very good for buyers in the Birmingham and Shelby county area.Â That, plus the State’s bond program, means that you may have a great opportunity to make an investment that could benefit you for years to come (as well as providing a roof over your head!)
Let us know if you have questions — we hope you enjoy the netcast…