Who Is Not Sleeping in My Bed? Moans La-Z-Boy Due To Housing Slump
La-Z-Boy posted a loss of $9.9 million compared with a profit of $2 million in the year ago period. A weak housing market and a slowing economy is to blame.
Consumers aren’t buying big-ticket items like furniture since they can’t use their house like an ATM machine anymore. Add to that higher gas prices and mounting credit worries.
Commercial Real Estate Investing Continues To Boom
While the housing market is getting kicked in the shorts, the commercial real estate market throughout the country is doing quite well. Orange County, CA, is a case-in-point. New commercial development continues to expand while housing prices and sales continue to decline.
Investing in apartment buildings or retail and office centers, provides both monthly cash-flow and property appreciation.
You can invest in commercial property with 97% financing. That’s fantastic leverage. I’d be happy to help you obtain such great commercial loans.
Another option: If you think owning commercial property is too big a responsibility for you right now, you can learn how to be a “birddog” and locate commercial real estate deals and make good money without any ownership hassle.
Technorati Tags: money, real estate, economy, housing, property, investing