It appears fixing the local housing market is tougher than I thought (ha), we will need a bit of help now! I will keep asking just so you know. Since we don't have jobs any longer and don't build or borrow, we are now left with the time to help organize the undertaking. This method is not one person, but many brains from certain sectors poking and pushing buttons with educated guesses at what may occur. There are enough smart folk in this area to combine forces and create the market within a market I have spoken of before. We have met with many personally now, since we have the time, but we cannot get to as many meetings as needed. If you are too busy to apply yourself, congrats, excuse the intrusion. If you are too busy but are not getting anything done, shame on you, you cant spend all of your time dyin, spend some of it tryin. We seek to provide a stream for matchmaking, on a larger scale than is going on with individual situations already. There is no organization to it, people just reactions to situations, and a drone like acceptance to some of the financial punishment being handed out. That's just not acceptable, lets take the problems and introduce them to the solutions.
Recruiting problem situations: (product in)
Builders that got in over their heads (like us) that could use a bit of relief (today is national give a builder a hug day). Of course develop people that now have a stalled situation need a match making process Mortgage guys (had too many tools to buy!), some got over the skis as well. Any other professional that is carrying way too much baggage and would like to get out from under it
It is amazing, we are currently even helping a lawyer, quite a few Realtors, along with many of the mortgage folk. Any one with something that is choking them that is endangering their financial being, send em in, we will go to work on them. Construction banks that have builders and houses that are foiled, (like us) have them call, we are matchmaking to solutions Mortgage banks with loans and reo props will need to come in with some of their deals Laid off, but very smart support folk that have been eliminated from an old type of job, we will be needing some help Candidates, typically good closing assistants from title or the transaction coordinators in realty, you know the types Tech support, (I will explain that soon, but we need some help there). Marketing smarts will be needed, to help execute a flawless public calling to launch in 45 days or 10-1 Sales support, to sell and assist in the wake up call, again, these have to be killers, energetic and ready to work. That means public relations, speakers, possibly someone that can do power point style presentations as well as Realty agents that may be losing listings due to market woe, and ones that want to do some deals Bankruptcy attorneys, people suing each other because they don't like the market, need to stop and identify the problem My guess it is a piece of real estate and a deal gone bad. So the solution is sue and make it worse? Think solutions, that's free.
Recruiting solution situations: (product out)
Builders that still have credit will be tempted to overpay for land and lots. We need to first ask them if they have credit, and are good at their jobs, to assist in getting the ½ finished homes done and the builders and banks stuck in them need to stop growing weeds and getting vandalized while losing dollars suing each other and, we need your help. We identify daily stuff that needs you. Rather than start new homes, help other builders and banks get out of the ones that are stopped. How the hell can a realtor, builder or bank really think a home will sell in that condition? Buyers smell death, which creates fear, they move on. Producers in mortgage, all types needed for good quality buyers looking for good deals, we will need buyers coming to the rescue of these projects as well. The end game is that if there are not enough buyers that is one thing, but if there is no money for them to buy, they can hope for a home all they want, we need the mortgage guys coming to us with the buyers that are approved and ready to buy and we can show them good killer pricing. Realtors that have energy and want to make deals, needed for good product in and good product to sell need a place to match make and use the professionalism they use on their own, only in an inventory bashing manner. I seek to drive the inventory to 4 months by Years end, that is one month a month. That will take some doing, and it will need the smart minds pitching in and forcing a market correction. Do not be afraid of bad comps, with 4 mos of inventory a few bad comps will soon be forgotten as we get supply in line with demand.
Deal junkies that cant stop gambling and made it through with some credit, yes we will need them for buying as well, we do NOT need as much flipping for a buck, that is not a solution, it does not drop inventory. If a flip has to happen, lets assure it lines up with relief for a problem, saves lives, then is mature enough to wait to align with a retail solution. It is a bridge between problems if necessary. Plan A is to get the problem and solution met up before we need the clean up crews of investors that are hungry for deep bleeding deals. Good investors to back the deal junkies will be needed, but mature money, not spastic lines of credit flip dough but smart intentional money. Flow it to the people that want to assist the problems and not more vultures. That is death feeding on death and vultures eating dead vultures (yuk). Lets find the good funds to flow and get them used in a problem solving fashion. Investors that can hold for 3 years are best, we will also need places for the bruised credit people to cook and work with the mortgage pros until it is time for them to be repaired and back to owning. Those people need triage centers. Investors can provide triage housing, nurses and doctors can work on the patients. Send all you know of the above to us. We are pressing re-boot and intend to create a market within the market. Got a plan now.
Wednesday, August 27, 2008
Subscribe to:
Post Comments (Atom)

- Elvis
- Portland, Oregon, United States
- We have built homes and developed land. Now we fight to survive. Please take the time to vote on the poll. Please visit the builders forum. Please email me a story. Have a great day.
"Lets face it, times were good, and we all made hay. Now we are creating our own versions of our 80's stories, you know the ones the silver haired guys told us about 5yrs ago"
No comments:
Post a Comment