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Archive for October, 2007

Retiring Baby Boomers – A New Real Estate Market Dynamic

Monday, October 22nd, 2007

More than a few stories have been written about the fact the first person of the baby boomer generation received social security on October 15, 2007. What many people are missing is the coming impact on the real estate market.

In many ways, baby boomers have been driving the real estate market. Yes, low interest rates were certainly a large factor, but the sneaky secret of the past red hot market was the fact that many of the real estate transactions happening were for second homes, not primary residences.

What was fueling this rush to by second homes? Baby boomers who are in the latter part of their primer earning years! They have put their kids through school and paid down much of their home debt, which means their expenses are down. At the same time, their income is at the highest it will ever be as they have risen to the high paying positions at or near the top of the corporate and business ladder.

So, what impact will the first baby boomer getting social security have? None for now. It does foreshadow a near future, however, with a dramatically altered real estate market. As the baby boomer generation continues to the age, they will be looking to offload those second homes. Many will also be downsizing to live off the cash in their homes. This portends two things amongst others.

First, the inventory of the real estate market is going to by higher than normal over the next 20 plus years. While this will sway the market towards buyers, it will be a gradual and smooth slope that will not shock the market.

The other big impact will be liquidation. Specifically, how will aging baby boomers turn their biggest retirement asset, their home equity, into a liquid form they can use to live on? More and more will start looking to the controversial reverse mortgages. We can expect to see conflict and controversy in this area as these very costly loans inevitably are used to take care of seniors.

For many years, people have been pointing to the potential impact of the population bulge known as the baby boomers. With the boomers now ready to access social security, the way we think of finances is going to have to change, but slowly so.

Internet Marketing; Is It Worth It?

Monday, October 22nd, 2007

I couldn’t believe the deluge of terms, offers, and general confusion associated with starting a business on the Internet. When I decided to make the plunge, I was almost immediately frightened away. For those who decide to stay the course and become Internet marketers, the rewards are staggering.

Hay, For less than twenty bucks a month I had my own domain, clean4profit.com set up and ready to go. Wow, how easy is that?

There are a few very knowledgeable people who will take you by the hand and lead you through the maze of mystification and into the light of success. Don’t let your lack of knowledge hold you back. There are free e-books, manuals, courses and a host of material waiting for you on line. Why would anyone give so called secrets away? Why they make a little off the transaction by placing you on a list or selling you something in return.

It doesn’t cost much to get started in a Internet marketing business. A few hundred bucks will suffice at first and when you start bringing in the cash you can increase as needed. Everything being relevant, the more you invest in time and money, the more and faster will be your return.

The claims of $30,000.00 the first week are hogwash. Maybe in a few years when you are spending $5,000.00 a week in your advertising campaign you will see these kinds of results. It’s like any other kind of business. I had a carpet cleaning business; it cost $35,000.00 just to get started. I had to buy a van, steam cleaning machine, and supplies. Then, where is the business? I still had to go out and market my business to the public. The harder I worked at marketing, the more business I had.

Internet business is the same, the more you market your business the more you will make. Just because you have a website doesn’t mean anyone will even see it. There are millions of websites out there, it’s your job to stand out in front of the others and get people to visit your website. If you have done your presentation right, you will make sales. With the right mentors you can make it happen.

Don’t be afraid to ask; the real professionals who are making millions will be happy to guide you along the road to success. Hay I happened to luck out and hook up with the most knowledgeable kid in the business, Stone Evens with http://www.pluginprofit.com (well I say kid, I’m sixty eight-years old) You know how some guys are naturals at what they do; well this is a superstar! He is the Pation Manning or Tiger Woods of the Internet. He badgers you every day until you can’t help but succeed. You’ll either cut him off or make a million following his detailed instructions.

Ok folks, if you are looking for a challenge and want to make a very good living, try Internet marketing, you’ll find it well worth your time.