BUY APARTMENT BUILDINGS THEY WILL BE IN EXTREME DEMAND – CARL ICAHN SAYS INTEREST RATES UP!!

CARL ICAHN SAYS INTEREST GOING RATES UP IN JUNE!! AND HE’S SCARED TO DEATH! HE GAVE “ALL” OF HIS FUND INVESTOR’S MONEY BACK LAST WEEK…and I quote from his appearance on CNBC this AM:

Part of the problem, Icahn said, is the big unknowns ahead. The Federal Reserve this week stood firm on virtually zero interest rates, but an end to the easy money is set. The Fed has said repeatedly that it will let its latest $600 billion bond-buying program expire in June.

Bond giant Pimcopulled out of long Treasurys last week, a signal that fund co-founder Bill Gross figures easing will end on schedule. That also means he thinks that the bond bull market is over and that interest rates simply have to rise.Icahn seems to agree. “Bernanke has done a brilliant job but he can’t hold interest rates down forever, and, in any event, he stops in June and we don’t know what happens after that,” he told the newspaper.

A reversal in U.S. rates, although perhaps a short-term shock trend for stocks (AND REAL ESTATE?), would be welcome in much of the rest of the world, where inflation already is roaring. Food riots have been common around the globe.

Niale Ferguson told CNBC: “Best case, we’re about to re-run the 1970s, only with Barack Obama instead of Jimmy Carter in the White House,”.

When the interest rates go up…home prices will necessarily go down…BIG TIME. The formula is simple:

LOWER PRICES = LESS EQUITY = MORE UNDERWATER HOME LOANS = MORE DEFAULTS = MORE FORECLOSURES AND SHORT SALES = MORE DISPLACED FORMER HOME OWNERS.

These displaced former homeowners will need somewhere to live for quite a few years. 

BUY APARTMENT BUILDING INVESTMENTS BEFORE VACANCY RATES EVAPORATE AND PRICES RISE!

CALL ME FOR DETAILS…NOW!

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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