Alan Greenspan on 60 Minutes: Housing Market and Economic Forecast

Alan Greenspan was interviewed on CBS's 60 Minutes with an outlook on the US housing market and economic forecast.

Greenspan stated "... we're gonna get through this particular credit crunch... we always do..."

This is a reinforcement that the real estate bubble hasn't burst... it's just taking a well-deserved break.

An innovative vision: Residential Rental Real Estate as an Asset Class (RRRAAC)

Blue Moon Capital is more than a money manager, more than a real estate investment company/wholesaler/hard money lender/reo buyer/ turn-key opportunity provider... Blue Moon is an innovative company with a vision of creating "Residential Rental Real Estate as an Asset Class."

"Well I had always been fond of real estate, and i saw it was an opportunity to do something in the industry that nobody has ever done before... and that is create residential rental real estate as an asset class, which up until today nobody has ever realized that it has the potential that it does today primarily because the industry considers residential rental real estate as cumbersome, awkward, hard to manage but we look at a process whereby we can make it manageable..."

Blue Moon Capital Overview on YouTube

Calming Seas in the Credit Markets

It appears that most of the high profile news about the "Credit Crunch" is out there. At least this wave. Lenders have had some time to locate and identify enough of the subprime risk that is either currently in their portfolios, been packaged and sold to investors, or in the pipeline and being processed in order to evaluate and put some measure of quantitative valuation on their risk exposure. Some lenders have already started to add loan products back to their menus and some large lenders have decided to retain the loans in their own portfolios instead of selling them to the secondary market. By doing this they do not take the risk of having to sell the loans at a discount which would result in a loss to them. This also is giving them a competitive advantage over less financially sound banks by allowing them to make loans their financially weaker competitors cannot and consequently taking away market share ..

By: Ron Ojeda, Capital Development, Blue Moon Capital, LLC