All of my clients and friends from around the country are always telling me how jealous they are of me living in Nebraska. I am always perplexed by this. They say that I am blessed to live in a state that the economy is not really that bad. Take states like AZ, TX and CA. Those real estate markets have basically collapsed and could take decades to recover. Here is an interesting article as to why States like Nebraska are doing so well.
Of special note is that of the ten states with really low unemployment only three are not immediately surrounding Nebraska
http://finance.yahoo.com/tech-ticker/10-states-with-ridiculously-low-unemployment—-and-why-535377.html?tickers=%5edji,%5egspc,spy,dia,udn,edv,uup
mitdino Uncategorized
I know I like to brag about the MIT CRE a little to much. But it is really a great program . Not only is it the first program of its type it is the best. If you really want to learn some really interesting stuff about were our industry is headed I would recommend attending MIT’s Center for Real Estate 25th Anniersary Conference
mitdino Uncategorized
I was wakeboarding with a friend of mine last weekend with the boys and he said the most interesting thing.
Don’t go after what you want, instead create the conditions that will allow you to get what you want
-Jerry Reimer
mitdino Uncategorized
“This is far and away the strongest global economy I’ve seen in my business lifetime.”
• Henry Paulson, US Treasury Secretary, July 12th, 2007
I am a big believer in there is no present or future, just the past repeating itself.
Check out this web site of pastt quotes that were so far off
http://theautomaticearth.blogspot.com/2010/08/august-13-2010-bubble-psychology-and.html?source=patrick.net
mitdino Uncategorized
I thought this list is very interesting. I think cities need to think what do they need to do stay on this list.
http://www.kiplinger.com/magazine/archives/10-best-cities-2010-for-the-next-decade.html
mitdino Uncategorized
I was talking talking to bill Strange a classmate of mine Fromm MIT and he lives in Dallas. He was quick to point out that we in Nebraska are blessed to be in a real estate market the is not nearly as bad as the rest of the country. Here is a web site that he thought was a great source of information for all things to do with real estate http://patrick.net
mitdino Uncategorized
The rental market, by that I mean people looking for a place to rent, is really good. There are two downsides. There are so many people looking that are not very qualified. Meaning they do not make enough money to afford the property based on our ratios we have to look through a lot of applications that we turn down. The other downside is the turnover. It is simply amazing to me that people move so often. Where are they going? Do you remember the last time you moved and how much work it is? I think our average tenants are staying a shorter time them ever before. I Would guess that it is less than two years. In apartments it could be less than that
On another note. I did the Omaha Triathlon today. I might add that I placed ninth out of forty nine in my age group. And the run was the most difficult 10K I have ever run. The race was well organized and well attended. It was very expensive ,$150 to register although there were several discounts that made it as cheap as $100 depending on when you registered, on top of that you had to pay for a lot of the stuff that is normally free like water and Gatorade after the race. Were are the days of the Griswold Iowa Triathlon in the 1990’s were every granny within 20 miles came out with fresh baked goods. Or the half Ironman put on by the Lions Club at lake of the Ozarks that had all you can eat pizza after the race? I think greed has gone to far. The problem is very few people are willing to put the time into something like a triathalon of this size just becasue its a way to serve people. I am not sure how to get back to this. Possibly we require that every high school student spend the first two years after high school serving people as a missionary or some other system of service. It would have to be in a town other than the one they are from and there would have to be some sort of system for these kids to have host families to keep the cost down. The odds of some great social reform such of this happening is zero. Some days I love America and other days I think is is really messed up. How long do you think America will be a country 300 years? 500 years? None of them in the past went on for ever. That is a subject of another post. Think Roman Empire?????? Do you really think Ceaser thought it would come to an end??
mitdino Uncategorized
” Leaders create something from nothing, using resources that do not exist.”
-Ian Vickers
mitdino Uncategorized
I did the Okoboji tri last weekend. And I knew I was having a great bike leg of the race when everyone around me was riding a $8,000 tri bike. If you are not familiar with his sport $6,000 to $8,000 is what you need to plan on spending if you want to get a carbon fiber bike with the right wheels. Where do they get this money. Its like I am doing races with a bunch of millionaires. Is the economy really that bad? BTW I do not ridea $6,000 bike. Although I am riding on a set of $2500 rims thanks to my brother Kevin. I have Zipps 404 which are are on loan whilemy brother Kevin decides if he wants to install a new hip.
mitdino Uncategorized
If you have a house for sale, that is west of 42nd Street I would take it off the market and put it up for rent. In most cases there is not enoguth supply right now 1500 sq foot houses. I meet with med center students all the time and they all want houses with lots of updates. Here is an article that I thought might help
http://hffo.cuna.org/19633/article/2667/html
mitdino Uncategorized
