Headlines and Forecasts
- Monday, October 31, 2011Does it seem like many of the headlines we read are sensationalized? It's like a supermarket tabloid on steroids... Real Estate seems to be one of the favorite topics for speculation. One week a headline is saying things are looking up and then shortly after we read some bad news. The swings can be very significant in a relatively short period of time.
I am trying to do a better job understanding the credentials of the expert identified and their relationship with the topic they are making a prediction on. Are they local and familiar with the topic? What is their forecast accuracy track record? Google can be a wonderful tool for this type of research. These factors help me to better determine the credibility of the source.
My corporate experience has taught me a couple of useful lessons. First that past performance is a very good indicator of future success. So I try and find out the recent trends and market data. Just the facts is a great motto here. Second lesson is that longer term forecasts are less accurate than current forecasts. So I am becoming very skeptical of forecasts beyond six months.
Next I am trying to discipline myself to not react to headlines before running the story through my own credibility test. I've already noticed it makes the day much more enjoyable. Hopefully it will help you as well.
Real Estate and a Self Directed IRA
- Sunday, October 30, 2011I recently attended an interesting event which covered buying real estate with a self directed IRA. For those interested in the benefits of an IRA, who know and understand real estate, this can be an option to consider. To learn more about a self directed IRA a discussion with a professional financial planner can help determine the potential benefits and risks.
Town Hall Meeting on Marco Island
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Town Hall Meeting on Wednesday November 9, 2011 from 5 pm until 7 pm at the Marco Island Historical Museum. Featuring Collier County Commissioner Donna Fiala, Sheriff Kevin Rambosk and State Representative Kathleen Passidomo. Each will share a presentation on key issues and a question and answer period will follow.
This is an excellent opportunity to learn more about current events in our county and hear directly from some of our key leaders.
Currency Exchange Rates and Foreign Buyers
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An important consideration for a a foreign buyer of U.S. real estate is the currency exchange rate. Getting the most competitive, secure and efficient exchange rate can make a real difference. Given the currency fluctuations timing can be crucial.
Looking into this topic and exploring all available options can help the foreign buyer save money. This is an area which is often overlooked and under-estimated when purchasing U.S. real estate by foreign buyers.
Jolley Bridge all four lanes now open
- Wednesday, October 19, 2011The Jolley Bridge now has all four lanes open. Just in time for season! The landscaping and lights look great. Your trip to Marco Island will be easier and the entry will be better than ever. The new bridge has two lanes which take you onto Marco Island. The old bridge has been renovated and provides the two exit lanes off the island. You are going to really like this improvement!
