by Phyllis Rockower | Mar 9, 2012 | Phyllis Says, Real Estate News
Prices are as low as they were 10 years ago. Rents are much higher and interest rates are much lower. This is the best time for cash flow. Just as the perfect storm for a downturn was in place in 2005, the perfect storm for an upturn is NOW!!!!! CA. unemployment just...
by Phyllis Rockower | Feb 27, 2012 | Economic News, Phyllis Says, Real Estate News
In an interview with CNBC, he stated that he thinks buying houses as investments right now is a great idea. Hello!!!! This is what I have been saying and for the same reasons. In a recession, folks live with relatives. As things improve they will move out and create...
by Phyllis Rockower | Feb 27, 2012 | Phyllis Says, Real Estate News
CA is seeking to suspend all FHA and Fannie foreclosures. Are we ever going to get out of this mess? The longer they delay the process the worse it is going to get.I thought we were moving forward with the process and had cleared up the robo signing mess.They want to...
by Phyllis Rockower | Feb 6, 2012 | Economic News, Phyllis Says, Real Estate News
I have the benefit of time. I have seen this happen time and time again. A beaten down area makes a big recovery and creates the next set of millionaires. In the 1990′s it was Texas. When i went on a road trip across the country i could have bought gulf front homes...
by Phyllis Rockower | Jan 24, 2012 | Economic News, Phyllis Says, Real Estate News
They said that they did not know the housing market would collapse when it did. Huh? I knew and they did not? Something is fishy. Well now they have to release the copies of their meetings with a 5 year delay. So now we can read what went on in 2006 at the fed...
by Phyllis Rockower | Jan 18, 2012 | Phyllis Says, Real Estate News
I got a call from a casting director for a show called flipoff. They wanted a pair of investors so i called my son Bill. We did the interview with me here in LA and Bill on Skype. In the interview we talked about a property i have under contract. The problem we...
