Ted Ihde
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Thinking About Becoming a Real Estate Developer?
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Thinking About Becoming a Real Estate Developer?
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Indiana University…and how our Hoosier school came to be
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In 1820, the academic institution at which the Six Million Dollar Man first began his college football career as a defensive end thanks to an IU athle
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In the year 1822, a boy by the name of Charles Storrs had been born into a world of Mansfield, Connecticut agriculture. The Storrs family…a family of
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What is so very interesting about our nation’s history can be discovered through historical connections we make between famous Americans, and quite of
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…for the next time you see one of those long BNSF freight trains chugging along the tracks. Whether you see one of those BNSF freight trains in Los An
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Lawrence, Kansas was founded by a group of New England abolitionists. Abolitionists who were intent on establishing a new community where people of al
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"Poured concrete comes about through the placement of liquid concrete in a wood pre-built form. Poured concrete contents? Cement, which is mixed with water, sand and gravel…shaped. As this mixture of cement, water, sand and gravel is poured into yo..." Read more of this blog post » | |
“Prior to the U.S. government’s entrance into the home loan business in the 1930’s – this coming as a result of FDR’s New Deal – savings and loan associations had, up until that point, provided the majority of the loans which were used to finance the acquisition of homes.
The Homeowners Refinancing Act and the Home Owners Loan Corporation Act were each passed in 1933…just as the Great Depression was devastating the finances of Americans. These two housing Acts? Extensions by the U.S. government into the private sector. One byproduct of FDR’s New Deal. The Home Refinancing Act and the Home Owners Loan Corporation Act provided assistance to Americans who were in danger of losing their homes. Due to an inability to refinance their home loans. Thanks to the New Deal, Americans gained access to new refinancing opportunities. Which, should there have been no New Deal, would not have been in place. The government’s election to get more deeply involved in the home loan business during the Great ...more Ted Ihde, Thinking About Becoming A Real Estate Developer? |
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“Six years after Henry Duncan established the first savings bank in England in 1810, the first saving bank was organized in the United States. In Philadelphia. That bank was the Philadelphia Saving Fund Society – the very first American savings bank.
Philadelphia Saving Fund Society opened in Philadelphia in 1816…established by a group of investors headed by War of 1812 veteran – and Philadelphia native – Condy Raquet. Bank takeovers, bank mergers, bank acquisitions… What once had been the Philadelphia Saving Fund Society is now part of Citizens Bank of Pennsylvania. Whereas Philadelphia is home to the first American savings bank, Philadelphia is also home to the first commercial bank established in the United States. Thirty-four years prior to the establishment of America’s first savings bank – Philadelphia Saving Fund Society, formed in 1816 – we have the first United States commercial bank. Also founded in Philadelphia. That year would be 1781. The bank? That bank was Bank of North Ame ...more Ted Ihde, Thinking About Becoming A Real Estate Developer? |
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Ted Ihde
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“The mortgage industry might be ill-equipped to finance the number of new homes the marketplace actually requires.”
― Thinking About Becoming a Real Estate Developer?
― Thinking About Becoming a Real Estate Developer?
“When a loan officer complains about “inventory” or “their clients losing out on offers,” a humble suggestion. Hand the loan officer Census data and a mirror.
Why build a home loan origination platform as a mortgage lender to service only a small fraction of the market - I.e.: new home construction - comparing sales of newly-built homes to sales of existing homes (resales)?
Three answers.
1. Lower inventory = lower commission checks for loan officers, 2. Financing what the market actually needs is usually a good idea for salespeople, 3. Less competition - the loan officer’s job will not succumb to automation.”
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Why build a home loan origination platform as a mortgage lender to service only a small fraction of the market - I.e.: new home construction - comparing sales of newly-built homes to sales of existing homes (resales)?
Three answers.
1. Lower inventory = lower commission checks for loan officers, 2. Financing what the market actually needs is usually a good idea for salespeople, 3. Less competition - the loan officer’s job will not succumb to automation.”
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Topics Mentioning This Author
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"There is no inventory." Really? | 1 | 1 | Jan 27, 2024 06:44PM |
“The mortgage industry might be ill-equipped to finance the number of new homes the marketplace actually requires.”
― Thinking About Becoming a Real Estate Developer?
― Thinking About Becoming a Real Estate Developer?
“When a loan officer complains about “inventory” or “their clients losing out on offers,” a humble suggestion. Hand the loan officer Census data and a mirror.
Why build a home loan origination platform as a mortgage lender to service only a small fraction of the market - I.e.: new home construction - comparing sales of newly-built homes to sales of existing homes (resales)?
Three answers.
1. Lower inventory = lower commission checks for loan officers, 2. Financing what the market actually needs is usually a good idea for salespeople, 3. Less competition - the loan officer’s job will not succumb to automation.”
―
Why build a home loan origination platform as a mortgage lender to service only a small fraction of the market - I.e.: new home construction - comparing sales of newly-built homes to sales of existing homes (resales)?
Three answers.
1. Lower inventory = lower commission checks for loan officers, 2. Financing what the market actually needs is usually a good idea for salespeople, 3. Less competition - the loan officer’s job will not succumb to automation.”
―
“Looking at back-to-back years 20 years ago - 2004 and 2005 - housing permits obtained for privately owned homes topped 2 million each year. 2004 was the first year that permits obtained for privately owned homes exceeded 2 million. The trajectory of new home builds in the United States had been on an upward swing, twenty years ago.
Last year home builders started construction on just over 947,000 new homes.”
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Last year home builders started construction on just over 947,000 new homes.”
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“It can credibly be argued that opportunities for Americans to build wealth through the acquisition of real estate has usually been based upon, 1) circumstances, and 2) timing.
Minus, 1) favorable circumstances, and 2) good timing, is (or was) an American just outta luck in regard to real estate? Due to different reasons, for many – long, long ago, and still today – that answer, unfortunately, was and is, “YES.”
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Minus, 1) favorable circumstances, and 2) good timing, is (or was) an American just outta luck in regard to real estate? Due to different reasons, for many – long, long ago, and still today – that answer, unfortunately, was and is, “YES.”
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“The Preemption Act of 1841 enabled American settlers to claim up to 160 acres of federal land at a cost of $1.25 an acre.
According to provisions of the Act, land acquirers needed to be either, A) 21 years old, or B) head of household.
Furthermore, through the Preemption Act, an immigrant who intended to become a United States citizen – yet who would not have been a citizen of the United States at the time they acquired their land through the Preemption Act -was eligible to acquire their land at the same cost of $1.25/acre.”
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According to provisions of the Act, land acquirers needed to be either, A) 21 years old, or B) head of household.
Furthermore, through the Preemption Act, an immigrant who intended to become a United States citizen – yet who would not have been a citizen of the United States at the time they acquired their land through the Preemption Act -was eligible to acquire their land at the same cost of $1.25/acre.”
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