03/14/2005

Tiny Bubbles

Hello!

Is it possible that the real estate market is getting overheated?

According to analyst Louis Navallier, the amount of mortgages outstanding is more than the amount of treasury debt outstanding. According to economist David Rosenberg, household real-estate assets are 140% of GDP, similar to household mutual-fund & equity holdings in 2000 (and we know what happened to equities then). It appears that Alan Greenspan may be trying to "tap the brakes" on the real estate market by telling members of the House Financial Services Committee that they should require [Fannie Mae and Freddie Mac] to slash their mortgage holdings. Hmmm.....

Are your donors concerned about outliving their retirement resources? Maybe they should talk to members of your organization as well as their professional advisors about charitable gift annuities as a possible component of their overall retirement income stream.

According to some academicians, our population is moving from a linear life paradigm to a cyclic life paradigm in which life and leisure are interspersed repeatedly throughout the lifespan. A person may retire and then "boomerang" back into the workplace or return to school.

Terri G. Millson, CIMC President

Ray Dicius, CSA, GEPC LPL Branch Manager