DetroitNewsletter_June2012
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Transcript of DetroitNewsletter_June2012
With the financial year end almost upon us this may
well be a very good time to think about our financial
situation and finances in general. Wealth creation
and retiring with adequate financial security including
the expected longer lifespan of most of us seems
to me something that most people put off as either
been too hard, they can’t afford it, they are too busy
or for many many other reasons. This is where the
wealth accelerator comes into play. Some of the most
important issues we are faced with today are the
affordability of our mortgage and/or lifestyle and a
wealthy retirement. The wealth accelerator is a turnkey
system which will allow you to utilise your equity, term
deposit, share portfolio or other investments that are
underperforming or negatively geared and not making
you any money. The wealth accelerator using our cash
flow positive investments are able to create additional
income streams which can quickly and seamlessly
pay off debt and improve lifestyles both now and in
the future.
Detroit continues to improve and all the indicators are
now showing that the doom and gloom Sayers were
wrong and that an investment in Detroit is fully justified
and continues to show exciting promise for capital
appreciation in the future.
If you have anyone who may be interested in talking to
us with regards to our cash flow positive investments
don’t forget to talk to me first and enquire about our
referral program and how you can benefit from it.
Tomorrow I will be leaving on my regular trip to the US
to visit the Detroit office, however this trip will have an
added highlight in that I will be meeting with the CEO
of a very large company that will supply another cash
flow positive investment that will almost certainly can
to catch your attention.
Imagine investing in something that is paying 15%
per annum paid in advance for seven years and
guarantees your money back (current circumstances
show an increase of between 30 and 50%) something
that is insured that is in huge demand with a payment
that is guaranteed for the full seven years.
With four different “products” costing between
$18,750 down to $5,750 each you can buy as many of
any as you wish
if I have caught your attention and you would be
interested in obtaining more details and have your
name put on our pre-launch list to receive a discount
please send me an e-mail directly and I will ensure
that you get the information first plus a discount should
you decide to do something.
I look forward to communicating again on my return
from the US with the latest news and views of Detroit
and the housing market there
Yours in investing
DetroitNews02I S S U E
J u n e2 0 1 2
T h e m o n t h l y F B C G r o u pN e w s l e t t e r
This issueWelcome P.1
Detroi t Real Estate P.2
Super Funds’ Losses P.3
Michigan Economic Growth P.4
Investment Tip P.5
Follow Us
Alistair McCreathFBC Group
Why Purchase in Detroit?
Cash Flow Positive
Low priced entry investment
Federal US government
B.A.T backed rental system
High rental returns
High yields - Low risk
Probability of capital growth
From the desk of Alistair McCreath
Though it’s far too early to make bold predictions
about the Motor City – where unemployment
topped 14 percent three years ago – you can’t deny
that something is stirring in the real estate sector:
– Home prices have stabilized by some measures
and are on the upswing according to others. In
Realtor.com’s latest monthly price and inventory
study, based on data from hundreds of Multiple
Listing Services (MLSs) across the country, Detroit
emerges as a surprise bright spot, with average
listing prices in April up more than 5 percent
compared with the month earlier and 7.6 percent
compared with the year before. Median prices rose
4.7 percent between March and April, the fastest
month-to-month rate of gain among the 146
largest metropolitan markets surveyed by Realtor.
com. In fact, prices in Detroit have now gained
every month since last December. Nonetheless,
the city’s median list price of $89,900 ranks it
the lowest-cost large urban market in the U.S
– Continuing affordable home prices, combined
with low mortgage rates, are steadily reducing
the glut of houses sitting for sale in Detroit – and
represent a key factor pushing prices up. The
total inventory of homes for sale has plunged 25
percent in the past 12 months, and the median
“age” – the time the inventory has been sitting on
the market – has shrunk to just 48 days, ranking it
8th among the 146 markets. In terms of inventory
age, Detroit now ranks with economically robust
cities like Washington D.C., Seattle and San Jose.
So what’s stirring in Detroit to produce such hints
of a budding recovery? Number one, there’s been a
steady decline in the metropolitan unemployment
rate, which dropped to 8.7 percent in April
from 11.1 percent the year before, according to
the US. Bureau of Labor Statistics – the largest
decrease among the largest US. markets. A
major factor here, of course, has been the rise
from near-death bankruptcy at General Motors
and the continuing rapid growth at Ford. Both
companies not only are major direct employers
but also are employment creators at hundreds
of manufacturing and service companies whose
jobs are tied to the health of the big automakers.
It may also be a reflection of another effort that
doesn’t draw a lot of attention outside Detroit:
A group of private investors and business
community leaders have been having significant
success transforming downtown areas of the city
into a new hub for Web-based and information
technology start-ups – a project that goes by the
names “Detroit 2.0” and “brain gain.” Dozens of
commercial buildings in sections of the center
city that once were on the brink of economic
collapse now house start-ups and established
Internet firms. Quicken Loans, for example, has
moved its headquarters and what it claims to be
more than 4,000 jobs to the center city. Venture
capitalists are actively recruiting IT professionals
in Silicon Valley to come to work in downtown
Detroit, and reportedly having some success.
None of this guarantees that hard-hit Detroit
will be the urban comeback kid market of the
next 10 or 15 years. But the signs of activity
now visible in the real estate market do suggest
there are some real potentials here – and
probably some serious opportunities.
2
Do glimmers of improvement
in one of the country’s
most depressed real estate
markets suggest something
larger – that a long-term
economic rebound may be
getting underway?
Ken Harney, Realtor.com,
14/06/12
Detroit Real Estate: Comeback Kid?
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3
If you are not worried about your super, this article is the reason why you should be giving serious consideration to
the Wealth Accelerator and Positive Cashflow Concepts
Follow Us
Led by an automotive resurgence, Michigan’s economy
grew at a top-10 pace during 2011 but remains smaller
than before the Great Recession. Michigan’s economy
grew 2.3% during 2011, a pace that ranked as the sixth
best in percentage terms among the 50 states. It was
by far the most rapid expansion among Great Lakes
states. The next-best expansion in the Great Lakes
was posted by Illinois, which saw its economy grow by
1.3% last year. The U.S. Bureau of Economic Analysis,
an arm of the U.S. Department of Commerce, released
the rankings and growth rates Tuesday. BEA reported
that growth of inflation-adjusted gross domestic product
-- the total output of goods and services -- increased in all regions of the country, although at a slower
pace than during 2010’s expansion. Michigan’s total output of cars, tourism, computer software, and all
other goods and services totaled $337.4 billion in 2011, BEA estimated. The state’s economy has been
growing at a healthy pace since 2010, but the total output remains below the $345-billion level posted in
2008. Perhaps more troubling, Michigan’s economy continues to fall behind those of faster-growing states.
In 2000, Michigan’s economy ranked as the nation’s ninth largest among the 50 states. In 2011, Michigan
ranked 13th. But in the short run, at least, Michigan is rebounding more robustly than almost all other states.
The BEA report even noted that its year-earlier report covering 2010 had been revised upward to show 4.9%
growth that year.
The rise of short sales in Metro Detroit is
helping keep the number of foreclosures down,
according to an analyst for a foreclosure
tracking company. Half of the states in the
nation saw foreclosure activity rise in April,
but Michigan continued to rack up double-digit
losses — experiencing a 28 percent decline
from a year ago, according to Irvine, Calif.-
based RealtyTrac. In April, Metro Detroit saw a 32 percent plunge in default notices, sheriff’s auctions and
lender repossessions from a year ago, though activity increased 4 percent from the previous month.The
total number of April foreclosure filings for Macomb, Oakland and Wayne counties amounted to 4,791,
compared with 7,081 in April 2011. It was the 18th consecutive month that foreclosure activity dropped in
the region. Another reason foreclosure filings may not have risen as expected is because lenders worry
about flooding the market with distressed property and driving down prices, according to Clear Capital, a
California-based housing consulting firm.
-From The Detroit News-
Michigan NO.6 in U.S. with economic growth of 2.3%
Metro Detroit short sales up as foreclosures fall
- John Gallagher June 6, 2012 (Detroit Free Press) -
Eye On ItSixty-six auto dealerships
opened across the nation
in the first three months of
the year, and the number
of people employed by
dealerships is up, too. The
uptick comes amid growing
auto sales. Last year,
U.S. auto sales rose 10.2
percent, and sales are up
10 percent through May.
In May, according to the
National Automobile Dealers
Association, the nation’s
new and used car dealers
added 2,400 jobs to 1.08
million. May’s total payroll
was 30,000 greater than
in May 2011.NADA says
933,500 people worked
at U.S. new-car and truck
dealerships in 2011, a 4.6
percent increase from the
previous year; and 17,540
new-car dealerships were in
business at the end of 2011.
5
Michigan’s unemployment rate
ticks higher, meaning economy is
holding steadyMichigan’s unemployment
rate in May edged slightly
higher in part due to more
people returning to the
workforce as the perception
of an improving economy took
hold.The rate in May rose
two-tenths of a percentage
point to 8.5%, according
to data released today by
the Michigan Department of
Technology, Management
& Budget.The number of
seasonably adjusted jobs
reported by major employers
in the state declined slightly in
May by 5,000. Job cuts were
recorded in manufacturing
(down 4,000) and
professional and business
services (down 3,000). Job
gains were posted in financial
activities (up 3,000), and
trade, transportation, and
utilities (up 3,000).
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This Month’s Investment Tip
Emotion is more powerful than reason, keep it as far from your investment as possible.
This month property special: 7361 West Outer Drive
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