Thursday, March 6, 2008

The State of Real Estate....

Robbing Peter to pay Paul? Question. If we are in a "recession" how is it that presidential candidates are each able to secure $35million in contributions in one week? The answer is simple. It is foreign money--the possibilities are endless: Case in point: A computer was seized from a Colombian guerrilla group recently. It was a treasure trove of information including their support and contention that Obama will be president. Hmmmm...
Another possibility is that people have enough money to give away, so people are being selective with their spending.
Land is being bought by the thousands of acres. Why? Land value never decreases and real estate, besides gold bullion, is still the best asset to hold. There is a limited amount of land, and the population continues to grow. Case in point: Texas land is going to the highest foreign bidder. Check it out.
Indiana remains one of the least expensive places to buy real estate.
Call me.

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