Anderson Report

By -

I went to a UCLA alumni event last night. Professor Stuart Gabriel with the Anderson Forecast spoke about the economy. Though I respect the Professor Stuart Gabriel and believe he has a good understanding of the statistics and some of the policies that are inane. I disagree with his overly negative outlook. I’m having the best year in real estate ever. Everyone of my listings is getting multiple offers and selling for about recent 6mth highs. When I’m buying whether here in the bay area or in Riverside County, I’m competing against 10-30 other bidders. I’m very bullish about 2010 and beyond.

During the go-go housing bubble. I was always the guy telling people are you sure you want to do this, but today I’m very confident that tomorrow will be better and that housing is on the upswing. I really wish the Obama administration would stop interfering with the free market and to let the invisible hand do what it does best.

I do heartily agree with Professor Stuart Gabriel that the government should stop pushing the American Dream of home ownership. Home ownership is not for everyone and clearly if all these people who bought 5 years ago hadn’t bought, they’d be better off today.

I also agree with him that FHA lending is too lax. FHA is the new subprime loan, and “frankly my dear”, we don’t need another set of buyers with no skin in the game, and who’ve demonstrated they can’t save money for a down payment. And yes, pricing will drop further without FHA, but why give loan a which will fail anyway and the cost will fall on the American Taxpayer (more specifically those of us that actually pay taxes).

I love President Obama, but delaying foreclosures, pushing home ownership and healthcare for all go against the free enterprise system that made this country so great. This is in no way an endorsement for the Republican Party. I left that camp when their most important issue became flag burning & Christianity.

-sunil

SUNIL SETHI REAL ESTATE

Sunil Sethi / Broker, President, REALTOR, MBA, CPA / SUNIL SETHI REAL ESTATE
38750 Paseo Padre Pwky Suite B3 / Fremont, CA 94538
Main 510 388 2436 / Fax 510 431 9046

My Bio: http://sunilsethi.com/about_me.htm

Personal: http://www.sunilsethi.com

My blog: http://fremontrealestate.blogspot.com/

LinkedIn: http://www.linkedin.com/in/fremontrealtor

CA DRE#: 01173766

Comments

Post a Comment

Popular posts from this blog

Mission Lakes Neighbors Ask Union City Mayor and Council to ​Rethink East West Connector

By -
Tomorrow ​ (2/27/18)​ will be your LAST, but also BEST opportunity to stop the East West Connector as currently planned.   The city council was trying to rush this decision through quietly.  But this is now receiving the attention it deserves.  Mercury News blasts funding diversion from Rail to Highway: https://www.mercurynews.com/ 2018/02/26/union-city-looks- to-divert-75-million-in- public-transit-funds-for-new- 320-million-road/ Bike East Bay declares Opposition to East West Connector Proposal: https://www.mercurynews.com/ wp-content/uploads/2018/02/ bike-east-bay-opposition-to- east-west-connector-proposal. pdf East Bay Times provides additional information on UC fiscal emergency: https://www.eastbaytimes.com/ 2018/02/22/union-city-council- to-weigh-fiscal-emergency- declaration/ The East West Connector has been on the books since the 60s and reflects the thinking of that era.  This $320M road is oversized.  This 90ft wide road will cross the Old Alameda Creek twice and will const
Read more

Fremont's New Housing Legislation is another step in the right direction!

By -
Image
Fremont has now taken another step into the future, requiring that all new houses be delivered ready for the installation of electric-car charging stations.  According to the  East Bay Times , the city of Fremont has announced that any new housing project must include both solar panels and the electrical wiring required for the installation of a charging station Will this new legislation make the ownership of electric vehicles even more appealing to residents? Will Fremont turn into a zero-emission vehicle hub? http://www.greencarreports.com/news/1110317_solar-panels-ev-chargers-required-in-new-homes-in-fremont-ca Sunil Sethi  /  REALTOR,  Broker, MBA, CPA(inactive), GREEN Sunil Sethi Real Estate   38750 Paseo Padre Pkwy #B3, Fremont, CA 94536   www.sunilsethi.com BRE #01173766                              
Read more

Fwd: FRC Update 4-21-23 🏀 Lots of events happening next week!

By -
Image
Naturalization Info in Persian Farsi, SparkPoint Info in Dari, FasTrak® Discount, Financial Class for Teens, Mentors for Afghan Refugees, Tax Service Extended, & more! FRC Update on April 21, 2023 Reaching FRC Agencies The FRC buildings are open Monday-Friday 8am-5pm. Each of the FRC's 20+ agencies decide their own office status ( Office Open , By Appointment Only or By Phone Only ). For the list of agencies, their office status and the best way to reach them, click here . Questions? Call the FRC at 510.574.2000. Masks: Masks are strongly recommended at the FRC and some agencies require them. NEWS & SPECIAL EVENTS
Read more