MORE DISPLACED HOMEOWNERS = MORE RENTERS IN 2011-2012

Bernanke says: NO MORE JOBS IN 2011 THRU 2013!

Ben Bernanke testified before the banking committee earlier this year and broke the news to everyone that the economy is still in DIRE SHAPE and not to expect job growth for the next two to three years. 

He expects unemployment to be at least 8% through 2013 maybe longer.

LET ME SEE…WHAT CAN PEOPLE WITH NO JOBS…NOT DO?

ANSWER:  BUY REAL ESTATE, BUY NEW CARS, SHOP AT THE MALLS, ETC, ETC.

 They WILL rent apartments in droves.

Oh, and did you miss the part about Inflation for Food, Energy (Gas, Oil, Electricity) and Rent?

Looks like more:

FORECLOSURES

SHORT SALES

REOs

But remember…I didn’t tell you so…Okay, Okay…I TOLD YOU SO!!!

Please subscribe to my A R Blog: Tom’s AR Blog or or get my RSS feed: Tom’s AR RSS Feed

Tom Waite

THOMAS WAITE REAL ESTATE BROKER

PO BOX 3205,  CYPRESS, CA 90630

714-895-2174 Direct; 714-398-8292 Fax  Tom@TomWaite.com

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About southerncaliforniainvestmentpropertyblog

I'm a real estate broker in Southern California and I specialize in selling Apartment Building Investment Properties in Orange County and L A County CA. 714-895-2174 Direct Please subscribe to my Active Rain Blogg or get my RSS feed:http://activerain.com/blogs/tomwaite http://activerain.com/blogs/tomwaite/rss
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