Having issues viewing this email? Click here.

Investment Opportunities for Private Investors Since 1980

Home | Apply for a Loan | Rates | Training | Blog

Volume 11: Issue 1 | Date: January 6, 2021


You are receiving this letter because you are one of my Spartans - my top-producing brokers and investor clients - of whom I am allowed to have 300. Removal instructions are below. Today we’ll discuss where to invest and hedge now that inflation may be coming back.  As always, we have lots of cute, clean jokes, funny pictures, and a sweet-sweet video of a groundhog eating some poor guy’s vegetable garden. You will grin.


Joke Du Jour

I asked my phone, "Siri, why am I so bad with women?"

She said, "I'm Alexa, you moron.”


Here is What Blackburne & Sons Can Do


Free Training Materials


Cat Talking Joke

This morning I saw a neighbor talking to her cat. It was obvious that she thought her cat understood her. I came home and told my dog. We had a good laugh.


- Today's Observation -

Deflation is Dead. Long Live Inflation!

The United States has enjoyed disinflation since 1980, shortly after Japan’s debt bubble popped. Since 1980, the U.S. and European inflation rate has been steadily falling. Disinflation is different from outright deflation. Deflation means that prices are actually falling. Disinflation merely means that rate of the inflation is falling.

The COVID pandemic was the final nail in the coffin. Absent the well-conceived PPP loans (I have heard of few abuses), the United States might have lost 300,000+ otherwise-profitable businesses. Congress and the President helped these American businesses when they needed it most. In my opinion, the PPP Loan Program was amazingly successful.

The PPP Loan Program eventually cost the Federal government, however, over $525 billion. To make matters worse, the huge increase in the deficit just followed a $1.9 trillion tax cut by President Trump. Between the two stimulus programs, we broke the budget. The only solution was to have the Fed buy up our own debt.

Unfortunately the actions of the Fed worked too well. The U.S. economy soared. The unemployment rate plunged. Real average wages started to increase for the first time in several decades. The stock market soared. Despite COVID, the U.S. unemployment rate is still less than 6.9%. Deficits apparently no longer matter, at least in the eyes of Congress.  

This is why you can bet that inflation will soon come roaring back. Have you noticed that home prices are soaring? No poop, Sherlock! Haha. Go get a huge mortgage at today’s ridiculously low interest rates and buy the biggest home you can afford. By keeping interest rates ridiculously low, the Fed is subsidizing home purchases. 

If you can even find a home to buy… The big problem is inventory. Investors are snatching up homes without even seeing them. They are relying entirely on online videos.  Investors are also paying all cash. Home prices were held in check for most of the past year by the fact that the homes were not appraising for their purchase price. Sellers were forced to reduce their asking prices so that their buyers could get mortgage loans.

No longer. Now more and more investors are simply paying all cash for these homes, thereby going around the whole appraisal issue. Folks, home prices today are an absolute steal. Buy a big home right away, if you need the extra space.


Video Training Courses For The Newbie Commercial Mortgage Broker


Yoda Joke

"Yoda, are you sure we're headed in the right direction?"

"Off course we are…"


Best Value on Training Courses


Confession Joke

Priest: "Do you have something to confess?”

Man: "I did something Father, but I am not sure if it was a sin."

Priest: "Did you enjoy it?"

Man: "Yes, Father."

Priest: "Then it was a sin.”


On a Personal Note

With 2020 behind us, I am looking forward to new year. As part of the new year, I am happy to announce that our office has moved! After over 20 years in the same location, we finally took the plunge and moved. It was a bitter sweet moment for me, as in a way I grew up at our old location. I remember how after school, we would go to the office and run around the back room until it was time for whatever activity (karate or sports etc.). There are pictures of me, helping stuff investment offerings into envelopes back when we used to send them out via mail. I will always remember that office, but with a new year and a new office comes the opportunity to make new memories. So heres to 2021. Let us make the best of it!

George Blackburne IV

Loan Representative

(916) 338-3232 Ext. 314


NMLS #382122

CA DRE #01873244


Video - Groundhog Garden


Final Funny

An old guy was working out in the gym when he spotted an attractive young lady.  He asked a nearby trainer, "What machine should I use to impress that lady over there?” The trainer looked him up and down and said, "I would try the ATM in the lobby."

TwitterLinkedInBlackburne & Sons Website

Members of the Blackburne Family of Companies


555 University Ave, Suite 150

Sacramento, CA 95825

P: (916) 338-3232

F: (916) 338-2328

CA DRE #00829677 // NMLS #103430