Foreclosure Trickle Down
I came across an interesting article this morning regarding the foreclosure crisis — on how Self-storage facilities are experiencing a high number of units not paying their bills.
It is an interesting to see that what is happening as a direct result of the foreclosure crisis. Not only are buyers finding it more difficult to qualify for a mortgage today, and the options for a mortgage significantly reduced there are others affected by this crisis.
It isn’t just the Banks
Here is a brief list of businesses that are affected by the mortgage crisis:
- Real Estate Professionals
- Mortgage Professionals
- Attorneys and Title Companies
- Stock Market
- Banks & Financial Institutions
The effects do not stop just there. Now it seems this crisis is affecting the companies that support these Professionals too. I was talking with a friend of mine and businesses like salons, plastic surgeons, and clothing stores are feeling the pinch too. Print shops, dry cleaners, restaurants are all affected too.
About Colleen Kulikowski, Licensed Real Estate Salesperson (716) 650-0051
Colleen Kulikowski is a Licensed Real Estate Salesperson at MJ Peterson specializing in Western New York residential homes who doesn’t follow trends; she blazes new trails and is able to recognize industry trends and implement them to her client’s best interest. Colleen has created a unique following with one of the top local internet positions in the country generating thousands of leads for her team. Real Estate is a second career for Kulikowski who’s first career was in Information Technology and Data Warehousing working for such companies as Radio City Music Hall, Nabisco Foods and as a consultant in the Financial and Insurance industries. A strong background in technology and management provides her with keen analytical and sharp negotiating skills.
Comment
BawldGuy Talking
June 22, 2008 at 4:05 pmI’ve noticed the same things here. (San Diego)
What I still can’t get my head around, is how the bridal business is still printin’ money. They were down last year, and now they’re up again. Can’t explain that no matter how I look at it.
I wonder what new twists on affected businesses are gonna pop up because of this trickle down phenomena?
Colleen Kulikowski
June 22, 2008 at 4:57 pmJeff — number of women coming of age who have been brainwashed that you have to be a fairytale princess might explain the wedding thing.
Luckily here in Western New York we are in the upswing! It isn’t like the upswing I experienced in Florida. There are many affordable homes here and although many think that Buffalo is a dead city, it is really a vibrant growing city with a lot of great opportunities. Check out http://www.BuffaloHomecoming.com to find out more information about why this area is on the list of top 10 Fastest Real Estate markets by Money Magazine.
BawldGuy Talking
June 22, 2008 at 7:23 pmI probably represent a large group, men whose perception of Buffalo has been shaped by TV on fall/winter Sundays, and the NFL.
Colleen Kulikowski
June 22, 2008 at 8:36 pmThere is the “who knew” effect around here. There is so much going for it with the SPORTS (hockey, baseball football, lacross, sailing) Cultural Arts and some of the best dining in the world right here in Buffalo NY… We are an hour away from Toronto and Rochester, we have the most sunny summer days in the country (who knew–guess mother nature felt that there had to be a positive to all that snow) If you ever get the opportunity you should come for a visit… There is even a great selection of wineries here….
City Foreclosure Mortgage National
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