Real Estate Market, by Michael Douville

Senior Analyst - Real Estate Market
Mr. Douville has been in the Real Estate Business since 1974, over 34 years. He started his career during the 1974 recession in the Southwest suburbs of Chicago, where he experienced an inflationary period followed by the crash.
In 1981, having experienced enough cold and snow, he and his wife of now almost 30 years moved to Scottsdale, Arizona, where for the last 25 years Mr. Douville has been associated with Realty Executives.
From 1982 through the early 1990's, the Douville's executed upon their well-thought-out business plan to accumulate income producing properties. Michael now represents and consults with investors while overseeing a portfolio of investment properties.
Michael has travelled extensively within Australia and New Zealand, and has journeyed on numerous occasions to the South Pacific, Europe, Mexico, Canada and the Caribbean, and of course throughout the US.
Wall Street Greek is enthused to have this strong real estate expert, with important front-line experience on board. In this period of uncertainty, our readers deserve the steady hand Michael offers to guide them. We only have one complaint, that he's been all over Europe but NOT to Greece yet. However, I agree with Michael's view about money, that there are more important things in life. What we seek to do here at "The Greek" is to help people achieve and maintain financial security, or at least offer an interesting read. We thank Michael, and welcome his valuable contributions.
The Greek
Michael's Email: mdouville@wallstreetgreek. com
The Greek's Email: greek@wallstreetgreek. com
Douville's Article Portfolio:
- 2009 Real Estate Forecast
- Historical Fair Value - Phoenix Properties Attractive
- Money is Available
- Fewer New Homes - Looming Buying Storm
- Risk Spread
- Recovery and Reflation
- Forgiveness and Redemption - A Housing Policy Proposal
- Zero Coupon Rentals
- 1.5 Million New Tenants
- Rental Properties Pay for Retirement
- Beyond 2010 - Strong Demographics for Housing
- The Real Estate Cycle
- Blood in the Streets
- The Real Estate Bottom is in Place
- Australian Real Estate Follows American
Full Disclosure: Michael has agreed to Wall Street Greek policy to not author articles about securities he personally owns or holds beneficial interest in. In the event of a special case, Michael will make full disclosure of ownership or beneficial interest. The work of contributors to Wall Street Greek is their own, and may not necessarily agree with the opinion of the site or its founder, and does not constitute financial advice. Please see our full disclosure at the site (Wall Street Greek).






















1 Comments:
ahh... speculation, the nature of bubblemania and greed. whether the speculation is in beanie babies, sports memorabilia or commodities, the end result is the same.
For some reason, people were blind to this when it came to real estate. Just how many houses does a person need, are reasonable person might ask? When the answer finally gets figured out, the LAST one OUT is the rotten egg!
Remarkably, many that called the real estate bubble correctly as well as the ensuing credit crisis, failed to observe the same in commodities. They insist the world economy will decouple from the US and that there is a new demand floor which will keep commodities MUCH higher.
The reality is that most of the oil, wheat, corn and rice futures traded over the summer were purchased by those who never intended to take possession. Much like the speculative home buyer who never intended to live in the house in the first place.
Why is this so hard to see?
Better still, why is it seemingly so difficult for our FED to avoid being the "Fool in the Shower" in the first place?
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