Stanette Marie Rose: Your Gal In The Wilderness
Musings of fact and fun from a hometown gal
“My Parents and Family In China Have Sent Me To Buy Your Land…”
March 8th, 2010 at Mon, 8th, 2010 at 11:26 am by Stanette Marie Rose“My Parents and Family In China Have Sent Me To Buy Your Land…”
Hats off to Nathan McDonald of Investment Forum for producing an eye opening Real Estate Investment Forum. The room at the Pan Pacific hotel was packed Friday March 5th, 2010 as an expert panel assembled to discuss the pulse of buying and selling real estate investments in this market. A few were bruised and battered…some wiser and ready to invest with the knowledge that CASH is still KING in the real estate biz.
The attendees ranged from estate planners and liquidators to local investors as well as well heeled youth from China and Saudi Arabia. It became very clear if you or I, U.S. citizens currently do not have the capital to purchase land, vacation properties, plats and commercial properties the Chinese and Saudi Arabians do and they have sent their children over ahead on a deal hunt. One such young ambassador from the University of Washington stated, “My parents and family in China have sent me to buy your land…” Later over drinks, a glass of chardonnay she and others from other nations just held and never sipped…you could see the focus and the intent is to add to the family portfolio and this was met with serious acknowledgement…lunches were being set up for this week as quickly as possible.
Ada Healey, Vice President, Real Estate, Vulcan Inc. stated there are only 30 acres of undeveloped land they are working on now. Ada mentioned that she sees job growth in the global health life sciences and commercial property demand in that area as well. There is so much debt exposure at this time they cannot even do letters of credit, which came as a surprise to her. The debt market is still tight but there are also opportunities in multi family low rise rentals, medical buildings and affordable housing. High tech job growth and related commercial properties also an opportunity.
Martin Stever, Angel, Venture and Real Estate Investor explained that in Phoenix finished lots are doubling and right behind Phoenix is Montana and Idaho. Seattle is a trailing market in this recovery.
To him this market smells like 1992, 93, 94 and the S and L debacle…and is ripe with opportunity.
Hindsight being 20/20 2010 is going to bee seen as the BEST year to buy and by 2013 it will be game over with the general real estate market up 15%.
Emerging GORILLA?….and who might that be? Citi…seems Citi wants to own and operate home building and become the King Kong of home building.
Is there still room for you? You bet if you remember to get the cash out of the mattress and buy local!
Every blessing to you and your families,
Stanette Marie Rose
CEO/Founder
Maple Valley Money
www.maplevalleymoney.com
206-718-5224
Stanette Marie Rose I moved with my family to Maple Valley Heights when I was two years old from North Dakota. The year was 1960 and I still remember coming into the train station in Seattle! The education I received from TaHoMa was outstanding, I graduated in 1977...Worked on a crab ship the Eastpoint in Dutch Harbor, Unalaska, Alaska to make money for my college education. I married moved to the Bay Area and attended SF State and studied Economics at UC Berkeley. Raising four children taught me so many wonderful things and now I am blessed with a Grandson who is turning 4 very soon and we love each other big time! Edward Harrison Colgate and I have been in a blessed and committed relationship for 6 1/2 years. I have been an entrepreneur for 30 years...owner of private preschool for ten years and now a Financial Advisor with Wall Street firms for 20 years. My training in investments and public speaking was in New York. I have taught families and communities about money on radio and television. I have a huge commitment to the home town I grew up in Maple Valley....With a team of incredible folks we jump started the Chamber back to life...and worked on the board for 6 years...I am grateful to be a recipient of the coveted Golden Maple Leaf Award honoring exceptional community service and I have been given my own day Stanette Marie Rose day June 10, 2008. I love children and families and am determined Citizens have a voice in the future of growing the home town we all know and love. Every blessing to you and your families!
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