We’ve been telling you for months to stop listening to the media talking heads convincing the public of the evils of real estate.  Today we have three new reasons why the talking heads are wrong and Myrtle Beach real estate is still king.

1. The numbers are up. Tom Maeser, real estate market analyst for the Coastal Carolinas Association of Realtors, said that prices for single family homes were up 11% in September over the same period a year ago. Over the summer we reported that prices were stabilizing, and now the numbers show that the tide has turned.

2. Learn from history.  During the late 1970’s and early 1980’s, if you were lucky enough to purchase a home, you paid as much as 22% interest in a financial environment of 13% inflation. Savings & Loans (mortgage lending banks of that era) were failing all over the country and were taken over by the government (remember the Resolution Trust Corporation?).  Foreclosures were rampant and put today’s mole hill into perspective.

3. Who do you trust?  If you are considering jumping into real estate (or jumping back into real estate), whose advice should you follow: (a) the ratings-driven nattering nabobs of the media, or (b) two of the most successful real estate “people” in modern history?  Warren Buffett and Donald Trump have been buying for almost a year. Builders and MLS report decreasing inventory. Now we have prices moving in the right direction. A year from now, nobody will care what the media said, but you can be sure that Warren and Donald will have been in the right place, at the right time, again.

And we told you so.

They’ve done it again.  Actualy, they do it every few days.  If you regularly fly to Myrtle Beach (or want to) for real estate reasons or just for fun, you really should check out Spirit Air’s sales as well as DirectAir’s sales.

The Dow opened under 8,000 this morning.  The last two weeks is what’s known as Time Travel for Investors… trouble is, your time machine is going in the wrong direction!

So what are we supposed to do when five years of our retirement savings disappear almost overnight?

The “gurus” tell us to keep saving money away, but since October 12, 2007 the Dow went from 14,093 to under 8,000 today - which means that the gurus have lost close to 40% of your money! “Keep working hard…this will all blow over!” they repeat over and over.  Meanwhile, banks are dropping like flies! We only hear about the big guys - WaMu, IndyMac, Wachovia… but the number of bank failures in 2008 stands at 30 and we’re not done yet.  How much more stress can our banking system handle?

Do you believe anyone who tells you not to worry, since you’ll have Social Security and Medicare?

So what SHOULD you do?

Here’s some free advice.  Don’t stick your head in the sand…take action!  A good, solid plan using in-demand Myrtle Beach real estate to build cash flow and long term appreciation is more useful today than ever before.  Do YOU have a plan?

Our Carolina Income For Life members do.

We have been saying for months that, right or wrong, foreclosure will be the new bankruptcy.  That is, five years from now, lenders will look at a 2008 or 2009 foreclosure on your credit report as more indicative of “victim of circumstance” than “huge credit risk”.  Now it seems that, at least in Chicago, the long arm of the law agrees.

Cook County, Illinois Sheriff Thomas Dart said today that he will no longer evict occupants of foreclosed homes, effective immediately.

Dart told CNN, “The people we’re interacting with are, many times, oblivious to the financial straits their landlord might be in.  They are the innocent victims here and they are the ones all of us must step up and find some way to protect.”

The banks are howling that the Sheriff should be found in contempt of court if he makes good on his threat.

We will follow this story…

Wall Street’s favorite number, “The Dow”, dipped below 10,000 yesterday for the first time in four years.

Now, I make no secret about having been 100% out of the stock market for almost three years now.  But how low will it go before you put some of your hard-earned dollars back into Myrtle Beach real estate?

Not the real estate that just sits there looking pretty.  I’m talking about the kind of real estate that generates positive cash flow today, in addition to the built-in appreciation over the entire time you’ll hold it.

Our Carolina Income For Life investment group members are doing just that. Even in a buyer’s market. This buyer’s market. Even while they ignore The Dow.  Click this link to find out how they’re doing it.