Melvin Feller owns and is the founder/CEO of Melvin Feller Business group. He operates in Dallas Texas. A former sailor and proud supporter of our vets, Melvin now concentrates on business and his love of seeing people become successful in all areas of life. He is an avid Christian and knows all things are possible in Christ! He has been a domestic violence survivor in his marriage and divorce to Tina and more importantly a cancer survivor.
Melvin Feller Business Group Discusses the Real Estate Bubble
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Melvin Feller Business Group Discusses the Real Estate Bubble Real Estate Bubble by Melvin Feller
Melvin
Feller Business Group in Dallas Texas and Lawton Oklahoma. Our mission
is to call and equip a generation of Christian entrepreneurs to do
business as ministry. We provide workshops and resources that help
companies discover how to do business God’s way and provide a positive
outreach as the director. When the heart of a business is service rather
than self it can be transformed into a fruitful business ministry
earning a profit and being of service to the community and their
customers. Melvin Feller also owns Melvin Feller Ministries. Melvin Feller is currently pursuing another graduate degree in business organizations.
The
real estate bubble is a much discussed phenomenon used to describe a
situation in which property values, both or either commercial and
residential, expand very rapidly. The result is an over-inflated market
that sees buyers purchasing property at prices far above standard value
while fearing the market will burst and property values will plummet as
fast as they rose. Buying in such a market can be risky for those who
cannot afford to lose on their investment. Real Estate Bubble by Melvin Feller
Its
difficult to say what qualifies as a bona fide real estate bubble and
what is just a hot market. There is no quantifiable standard to identify
a real estate bubble and so we are left to depend on experts to tell us
which areas of the country are experiencing a bubble and which areas
are not. However, not even the experts can agree on the difference
between a bubble, which is risky and unstable, and a boom, which has
less risk of a rapid downturn. Some mortgage companies and other
organizations with an interest in the real estate industry study the
market and produce reports to help buyers identify potential windfalls
and potential pitfalls by naming cities with what they determine is the
greatest chance of a bursting bubble.
Homeowners
who buy in a real estate bubble situation risk putting themselves in an
undesirable financial situation, particularly if they have very low
equity in their home. Equity is how much of the home you own, as opposed
to the portion owned by the bank or other lending institution. If you
have a lot to pay off before the home is truly yours, and the bubble
bursts, you can find yourself in a position where you are paying off a
significant debt on a property that can no longer fetch the same or
higher value you paid for it. Of course, such a loss is only theoretical
unless you actually try to sell your home. Property values fluctuate up
and down on a regular basis, with both dramatic increases and decreases
in value, so if you can stay in the home until the value rises again
(even if it does not go all the way back up), you can avoid significant
losses when it does come time for you to move. If you are forced to move
before the market becomes more favorable, you could find yourself in a
negative equity situation, which will affect your ability to buy your
next home. Real Estate Bubble by Melvin Feller
The
situation is less serious if you have greater equity in your home, or
if you have the financial ability to absorb a loss, in which case a
bursting bubble situation is more of an irritant than a financial
catastrophe.
If
you re a person of average financial means who wants to buy a property
in an area that may be undergoing a real estate bubble phenomenon, do so
from an informed position. Be aware of the potential for loss and
measure carefully the pros and cons of going ahead with your planned
purchase.
Do a little homework before you jump into a purchase: follow
the local market for a couple months and track fluctuations; take note
of any sale trends, and pay attention to what the experts (conflicted as
they may be) report about the area in which you are interested. Use all
of the information you gather to help you determine whether your
potential positives outweigh the potential negatives. Real Estate Bubble by Melvin Feller
Practicing
common sense can help you survive a bursting bubble scenario in the
best possible shape. For example, it is wise to minimize your overall
debt load to help you manage your financial burden if you are forced to
move at an inopportune time. Invest your equity and any unexpected
financial gains into improving the value of your home rather than in
luxury or impulse buys. Most real estate experts agree that you can
recoup between 80 and 90 percent of your investment in remodeling a
kitchen or bathroom when it comes time to sell your property. Of course,
your best protection is to purchase a home with excellent re-sale
potential to minimize possible losses if real estate values plummet
unexpectedly. Melvin
Feller Business Consultant, Business Owner, Melvin Feller ministries
and Graduate Student Candidate in Business OrganizationMelvin Feller Business Group in Texas and Oklahoma.
Melvin Feller founded Melvin Feller Business Group and Melvin Feller
Ministries in the 1970s to help individuals and organizations achieve
their specific Victory. Victory as defined by the individual or
organization are achieving strategic objectives, exceeding goals,
getting results or desired outcomes and a positive outreach with grace
and as a ministries. He has extensive experience assisting businesses
achieve top and bottom line results. He has broad practical experience
creating WINNERS in many organizations and industries. He has hands-on
experience in executive leadership, operations, logistics, sales,
program management, organizational development, training, and customer
service. He has coached teams to achieve results in strategic planning,
business development, organizational design, sales, and customer
response and business process improvement. He has prepared and presented
many workshops nationally and internationally.
Melvin Feller Business Group Discusses Work Life Limitations from a Texas Business Owner Melvin Feller Business Group in Burkburnett Ministries and Dallas Texas and Lawton Oklahoma. Our mission is to call and equip a generation of Christian entrepreneurs to do business as ministry. We provide workshops and resources that help companies discover how to do business God’s way and provide a positive outreach as the director. When the heart of a business is service rather than self it can be transformed into a fruitful business ministry earning a profit and being of service to the community and their customers. Melvin Feller is currently pursuing another graduate degree in business organizations. Work Life Limitations by Melvin Feller Setting healthy boundaries is essential for a healthy work life balance. That sounds true, but what does it mean? What do healthy limitations look like, and how can you know where and how to set them? I notice a tendency ...
What Does Melvin Feller Business Consultants Group Business Ministries in Texas and Oklahoma Do? Melvin Feller Business Consultants Group Business Ministries in Texas and Oklahoma. Our mission is to call and equip a generation of Christian entrepreneurs to do business as ministry. We provide workshops and resources that help companies discover how to do business God’s way. When the heart of a business is service rather than self it can be transformed into a fruitful ministry. Small Business Consulting You have the idea . You have the talent . You have the drive . All that remains is the flawless execution of a well-crafted business plan. The success of all companies, large and small alike, is most limited by the knowledge and expertise of that company’s team. Trust the small business professionals at Melvin Feller Business Consultants Group Business Ministries to fill in those crucial missing pieces — you excel at what you do, we excel at building gre...
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