The Problems are the Path: Car Washes for the Income Investor
Interest rates continue to rise; along with, mortgage rates. Retired investors take on unhistoric risks by shifting their portfolio's weighting to equities. Sellers of real estate continue to hold off as the mortgage rates are above the average rate of an existing mortgage of around 4%. Banks continue to see warnings of an equity crisis. Nicolet Bank of Wisconsin sold bonds classified as "Held to Maturity" and took a $ 9 million loss. Large commercial office buildings face a interest rate adjustment that will force giving keys to lenders. All the time home prices in the affordable areas of Silicon Valley take a jump of 5%. The stock market has a major rally led by High Tech Stocks. Venture Capital money stays hidden from new ventures as the window to Initial Public Offerings remains closed. "Sell in May and Go Away" did not work for the stock market. At least so far. The real estate market is not confusing. Residential buyers are sick of renting and w