Tuesday, May 19, 2020 / by Vanessa Saunders
From Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
05-19-2020
Even as real estate is restrained by state policy as a non-essential business, we’re watching buyers scrambling to find homes to buy outside of New York City in the Mid-Hudson Valley. If you own a property north of the city and have plans to sell this season, you could be sitting on a very rewarding asset.
Thanks to the COVID-19 pandemic, people living in NYC are fleeing their high-rises and moving to Dutchess, Ulster, Orange and Rockland counties. Stuck in apartments with their neighbors, walking in small hallways and squeezing into tight elevators, city residents are dreaming of being able to walk around a quiet neighborhood or relax in a suburban cul-de-sac.
Adding to the claustrophobic conditions are two new factors influencing people. After two months of working from home, people are realizing that it IS possible to work at home efficiently. Not only do workers enjoy a ...
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hudson valley real estate, hudson valley property, hudson valley home, home investment, 'urb to 'burb, orange county ny, westchester county, rockland county, ulster county, sullivan county, dutchess, manhattan, pandemic
Tuesday, April 14, 2020 / by Vanessa Saunders
I'll bet a lot of us have been keeping ourselves and our families entertained by playing a board game or two. Maybe even a little Monopoly. Originally named “The Landlord’s Game,” when it was invented in 1903, Monopoly was intended to show that a system which rewards wealth creation is better than one that rewards only a few monopolists. Here are nine things we can all learn from this classic board game.
1. Be careful with debt.
How many of us try to gobble up every property we land on trying to build a property portfolio. But don't make yourself cash poor, or a couple bad rolls or a trip into jail could lead to being the first person at the table to end up watching Beverly Hillbillies reruns instead of owning Park Place.
2. Always put aside a little cash for the un-anticipated.
You can't always count on rounding GO to make up for adding that extra house on Marvin Gardens. Pay yourself first in case Chance or a Community Chest card knocks your plans off track. T ...
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hudson valley home, buying a home, home investment, hudson valley home owners, 'urb to 'burb, funny blog, health crisis
Monday, April 6, 2020 / by Vanessa Saunders
From Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
Ten million Americans lost their jobs over the last two weeks. The next announced unemployment rate on May 8th is expected to be in the double digits. Because the health crisis brought the economy to a screeching halt, many are feeling a personal financial crisis. James Bullard, President of the Federal Reserve Bank of St. Louis, explained that the government is trying to find ways to assist those who have lost their jobs and the companies which were forced to close (think: your neighborhood restaurant). In a recent interview he said:
“This is a planned, organized partial shutdown of the U.S. economy in the second quarter. The overall goal is to keep everyone, households and businesses, whole.”
That’s promising, but we’re still uncertain as to when the recently unemployed will be able to return to work.
Another concern: how badly will the U.S. economy be damaged if people can’t ...
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hudson valley real estate, hudson valley property, buying a home, home investment, 'urb to 'burb, pandemic, unemployment
Friday, April 3, 2020 / by Vanessa Saunders
From Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
As our lives, our businesses, and the world we live in change day by day, we’re all left wondering how long this will last. How long will we feel the effects of the coronavirus? How deep will the impact go? The human toll may forever change families, but the economic impact will rebound with a cycle of downturn followed by economic expansion like we’ve seen play out in the U.S. economy many times over.
Here’s a look at what leading experts and current research indicate about the economic impact we’ll likely see as a result of the coronavirus. It starts with a forecast of U.S. Gross Domestic Product (GDP).
According to Investopedia:
“Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comp ...
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hudson valley real estate, buying a home, home investment, hudson valley home owners, hudson valley home sellers, 'urb to 'burb, pandemic, the future of real estate
Friday, March 13, 2020 / by Vanessa Saunders
By Vanessa Saunders Founder/CEO Global Property Systems (GPS)
Laura Castelli, Italy’s deputy economy minister, told an Italian radio station Tuesday that individuals and households will temporarily not be required to make mortgage payments, according to BBC. During the global economic crisis in 2010, the country also temporarily halted some loan payments.
Consider how this would benefit our slumping economy. A temporary moratorium on mortgages and rents for homeowners and renters would instantly put cash in the hands of most Americans without the government cutting a single check or mailing out one letter. Americans would have the cash to get our economy up and running as soon as the Coronavirus pandemic abates.
There’s actually a precedent in the U.S. for Italy’s forbearance program, but here, it’s been more focused on victims of natural disasters like hurricanes and flooding.
So far, the president’s plans for economic stimulat ...
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hudson valley real estate, hudson valley property, home investment, hudson valley home owners, financing, saving the world
