PRIVATE CLIENT LETTER
This letter is intended only for accredited investors who are clients of either Blackburne & Brown or C-Loans, Inc. Today we'll discuss residential versus commercial real estate.
Joke
Du Jour
"I'm very proud of my gold pocket watch. My grandfather, on his deathbed, sold me this watch." -- Woody Allen
Commercial Real Estate Still Looks Strong
Commercial real estate never experienced the kind of speculative bubble that condo's and single family homes experienced. Few investors went around buying up office and industrial buildings with the intention of flipping them for a profit in a few months.
My neighbor works for Bobcat, which sells the skidloaders that builders use to move earth. He reports that his residential builders are dying, but his commercial builders are booming. One big-time commercial contractor is so busy that he is scheduling projects a year forward.
Cholesterol Joke
Bad cholesterol is the kind that clogs arteries, shoplifts lipstick and lies under oath.
First Trust Deed Investments
September and October are scary months for the stock market. Many of the big market crashes have happened in the Autumn. In addition, the five-year anniversary of September 11th is approaching. One never knows what the crazies might do. If you decide to take some money off the table this Autumn, and you're looking for some alternative investments, Blackburne & Brown has many first trust deeds available for sale. Click here for more information on first trust deed investing.
Copy Room Joke
While working in the psychology department at Glen Oaks Community College in Centreville, MI, I was asked to enlarge a chart for a meeting. I called the copy room and asked, "Can I get something blown up down there?" After a pause the voice on the line replied, "I think you want the chemistry lab."
Building Costs Keep Increasing
China continues to buy scrap steel and continues to import vast amounts of raw materials. As a result, building costs in the U.S. have spiked sharply in the past four years. Existing commercial properties are far more expensive to replace.
As a result, existing commercial real estate values have a certain level of support. For example, it's hard to justify building new, competing commercial space at a cost that is 40% higher than the market price of existing, available space. That's good news for Blackburne & Brown. We arrange loans on existing commercial space.
Cutting School Joke
This nice lady wrote: One morning I was called to pick up my son at the school nurse's office. When I walked through the main entrance, I noticed a woman, curlers in her hair, wearing pajamas. "Why are you dressed like that?" I asked her. "I told my son," she explained, "that if he ever did anything to embarrass me, I would embarrass him back. He was caught cutting school. So now I've come to spend the day with him!"
Do You Need a Commercial Mortgage?
You can apply to 750 different commercial mortgage lenders in just four minutes using C-Loans.com. And C-Loans is free!
Rome Joke
Rome did not create a great empire by having meetings; they did it by killing all those who opposed them.
Microwaved Plastic Causes Cancer?
Johns Hopkins Medical Center recently sent out this warning in one of its newsletters. Dioxin is a chemical that causes cancer, especially breast cancer. Dioxins are highly poisonous to the cells of our bodies. You shouldn't freeze your plastic bottles with water in them, as this releases dioxins from the plastic.
Recently, Dr. Edward Fujimoto, Wellness Program Manager at Castle Hospital, was on TV to explain this health hazard. He said that we should not be heating our food in the microwave using plastic containers. This especially applies to foods that contain fat. He said that the combination of fat, high heat, and plastics releases dioxin into the food and ultimately into the cells of the body.
Instead, he recommends using glass, such as Corning Ware, Pyrex or ceramic containers for heating food. Things such as TV dinners, instant ramen and soups, etc., should be removed from the container and heated in something else. This is why many of the fast food restaurants have moved away from foam containers to paper.
Flight Attendant Joke
My flight was being served by an obviously gay flight attendant, who seemed to put everyone in a good mood as he served us food and drinks. As the plane prepared to descend, he came swishing down the aisle and told us that "Captain Marvey has asked me to announce that he'll be landing the big scary plane shortly, so lovely people, if you could just put your trays up, that would be super." On his trip back up the aisle, he noticed this well-dressed and rather Arabic-looking woman hadn't moved a muscle. "Perhaps you didn't hear me over those big brute engines, but I asked you to raise your trazy-poo, so the main man can pitty-pat us on the ground." She calmly turned her head and said, "In my country, I am called a Princess, and I take orders from no one." To which the flight attendant replied, without missing a beat, "Well, sweet-cheeks, in my country I'm called a Queen, so I outrank you. Tray-up, (w)itch."
|
