Jan
22
2008
By: R. Sebastian Gibson, Attorney At Law
It is January 21, 2008, and not only is the word ARecession@ being used more and more frequently by analysts, we are now starting to also hear the word ADepression@ as a possible outcome of this economic crisis facing the United States and possibly the rest of the world.
As this article is being written, the stock markets around the world have started to fall more precipitously with most of the markets in Europe, Asia, China, Latin America and Canada falling from 5% to 8% overnight. U.S. markets are expected to fall over 500 points when the U.S. markets open again for business on the Tuesday following the Martin Luther King holiday. Continue Reading »
Jan
22
2008
By: Realtor And Attorney, R. Sebastian Gibson
There is usually little to be gained by attempting to find someone to blame when a calamity such as the current housing crisis occurs. Even if one were to determine exactly what was done wrong, there is little chance that by the time another such crisis is about to occur, that such a determination will be remembered or have any value.
Indeed, what may be about to cause the world’s next depression, is quite unlike what caused the depression of the 1920s. Continue Reading »
Dec
12
2007
Many mobile home parks and manufactured home communities began as rental parks where space rent was dictated by location, size, date of purchase and cost of living increases. It has become increasingly popular for residents to desire a greater control over their living situation and costs associated with their residences, thus converting the park to resident ownership has become a rising trend. Continue Reading »
Oct
09
2007
by R. Sebastian Gibson, Attorney and Realtor, Rancho Mirage, California
The bad news is there for anyone to see. It’s on the newspapers, it’s on the TV and it’s coming from all the financial advisers. The housing market in California is looking bad, real bad. New home sales are down, existing home sales are down, mortgages are hard to get. The latest pronouncement is that the housing problems may not peak until 2009, two years from now. In the interim, articles are now coming out in the financial sections that we can expect double digit declines in the price of housing over the next few years. Continue Reading »
Oct
09
2007
by R. Sebastian Gibson
As of October 2007 with Halloween approaching we have both good news and bad news as they relate to the housing market in the Coachella Valley. Trick or Treat. You want the good news or the bad news? Good choice. We’ll discuss the good news first. Continue Reading »
Aug
08
2007
By Sebastian Gibson
There is no better place to start than the MLS Desert Area for the
person looking to buy home or land. And on web sites such as
www.SebastianGibsonProperties.com, the Palm Springs MLS is
available for free to be used by prospective buyers or sellers.
With the MLS a buyer or seller of property in the area covered by a
multiple listing service can search for homes, land, commercial
property, property to lease or even investment property such as
apartment houses and duplexes. Searches can be performed
specifically for the type of property by the number of bedrooms or
baths, the square footage, the price range, and by other factors. Continue Reading »
