Jack McCabe
Jack McCabe
comparable compared good nearly pricing properties sale
That's really good pricing for a nearly new property, compared to comparable 10- to 15-year-old properties for sale in the area.
appreciation explosive five guess last markets price three top worst
We are going to find the worst price corrections in the markets that have had the most explosive appreciation in the last three years. And guess what? Sarasota is one of the top five in the country.
anybody estate last love seen stuff sure talking three
We sure haven't seen anybody talking about this kind of stuff in the last three years. I'd say the love fest in real estate is over.
environment highly necessity
There hasn't been the necessity to do that before. The environment is going to get highly competitive this year.
again apartments build few starting staying
It's starting to make sense to build apartments again because rents are escalating now after a few years of staying flat.
accelerate market trend
It's an early-stage trend that will probably accelerate as the market slows even more.
affordable control free government limits market yield
They do not want to see any government regulations or control because it limits the profitability. The free market is not doing anything to yield more affordable housing.
bad news people squeezed
It is bad news for renters. These people are being squeezed out of the marketplace.
closing estate fail goes home investors lose meet properties selling suing telling value walk
Realtors have been selling properties by telling investors they can't lose -- that their investments will be home runs. But the value of real estate can go up or down. If it goes down, you'll see speculators suing brokers. You'll also see lenders suing speculators as speculators walk away from their payments or fail to meet their closing costs.
believe deals dollars fraud fraudulent measured millions number rampant run tip
This is just the tip of the iceberg. I believe fraud has run rampant and that the number of fraudulent deals will be measured -- not in millions of dollars -- but in hundreds of millions of dollars.