Good News for Waterfront Real Estate

    OK, right here, right now I am officially putting an end to all talk about recessions and the economy being bad and the real estate market going to...heck.  I don't want to hear any more gloomy news from The Fed or CNBC or anyone else who thinks they know what the economy is going to do tomorrow.  If you follow the news at all, by now you have heard that Wall Street is handing out enormous bonuses.

   Morgan Stanley CEO John Mack set a new record with his bonus of $40 Million and was feeling pretty good about it until Goldman Sachs CEO Lloyd Blankfein got $53.4 million. If Mack handles this like some of our beloved sports figures he'll soon be on the news talking about how he's disrespected and needs to feed his family and then he'll say he's not coming back to work until Morgan Stanley shows him the love and gives him more than Blankfein.

   Now these are just the top guys, altogether Wall Street is giving out something like $36 billion in bonuses!  This is a staggering figure.  It usually takes Congress a couple hours to go through that much.

   But why, you ask, is this "good news for waterfront real estate" and why should anyone in Damariscotta and the Pemaquid Peninsula area of Maine care?  Well, because this is not excessive gluttony for a few obscenely wealthy individuals.  Oh, no.  There is going to be a trickle down effect.  These guys are going to spend this money.  And what are they going to spend it on?  We're told primarily cars, restaurants and real estate!  Specifically waterfront real estate.

   Well nobody represents more fine waterfront properties in mid coast Maine than Newcastle Square Realty.  I want Wall Street to know that we're standing by ready show property. How about a nice cottage by the water or maybe a private lot to build on or an entire island in Damariscotta Lake? Whatever your heart desires, we have it or can find it. So if you're a Wall Street bonus recipient or even if you're not, give us a call today and let us show you around one of the prettiest parts of the world. Just please, don't try to tell us how bad things are down there in the big city.

Jim Cosgrove

Investing IRA funds in Real Estate

    Real Estate investing opens up a wide range of opportunities for individuals who are knowledgeable about real estate investing or who work with knowledgeable advisor's, sponsors or brokers. Some of the most significant advantages of real estate as an investment include:

   Providing a hedge against the cyclical changes in the stock market, economy and government-based investment.

   Real Estate inherently maintains at least some minimal value in a down market where stocks can lose their entire value under disastrous conditions.

   Real Estate is not subject to corporate and accounting scandals that can strip a stock of substantial value.

   We are working with IRA owners who see waterfront properties as excellent investments for their IRA portfolio because they can insulate their principal and generate better than average market returns through income production (rentals) and capital gains.  When real estate investments are not leveraged, both income and capital gains can flow back to IRA's tax-deferred or even tax-free if the IRA is a Roth IRA.

   If you'd like to learn more about this option please send me an email or give me a call.

Lee Simard