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This is for a talk infront of an Midwest investors group May 2012
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5/9/2012Steve Saunders
SRES Inc.
Market maker 1985-1990 at CME 1991 in real estate Investor, developer, owner, managing Broker Now own SRES Inc.
My job at SRES is to take complex ideas and make them simple. I use numbers to help make decisions in real estate.
Receivership, tax appeals, energy audits
Anything change?
High was October 2006 at 168 in Chicago
Now we are at 105.39
How did you survive?
Look toward the future and forget the noise
The Market is always right - always
Why do commodities go up and down?
Real Estate is now a commodity
Work with who has the money
Large group buyers like Waypoint
Receivership and short sales
Look long term on real estate to make it!
Mean reversion
Fanghoo- http://usa.fanghoo.com/
What is parity?
Need photos of all properties
Social Networking
Use tools - Evernote, Dropbox, Salesforce
How do you figure it out?
NicarX - may help
CoreLogic is good too
What is anything worth?
Use Inflation calculators to determine value!
Like the USA 100 years ago
Very aggressive
Finally there is private ownership
Jobs at: http://hongkong.asiaxpat.com/
Photos – the buildings are crazy!
Case-Shiller index
Radar Logic index
Hedging what you own
Buying real estate on paper
Riding the escalator
Read the book
Truly Hedge your risk – Enron, Tellabs,…
Handouts
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