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February 26th, 2009 by Scott

Rain, rainbow and ice?!!?
Have you ever seen rain, a rainbow, and ice all at the same time? An unusual phenomenon made possible by human error.
Wait isn’t this a real estate blog? OK, have you ever seen low interest rates, shrinking home values, and a stalled housing market? Also made possible by human error. We are in the midst of an interesting crossroads of factors that effect each and everyone of our life’s. The largest percentage of American’s wealth is in their home, so how values go so goes our financial statements. The importance of real estate to individuals, investors and companies is among the top financial concerns, even as we speak the financial talking heads say that housing brought us to this recession and housing will lead us out. That importance is why I have launched Real Estate Farmer.
My name is Scott Farmer and I am a real estate profesional located in Atlanta. I am a Mortgage Banker with Waterside Mortgage, a Commercial Lender with Waterside Capital, an individual investor who buys distressed properties and rehabs them, and a developer currently involved in a multifamily project in Decatur, GA. Many different hats but all with real estate on the bill. In my daily interactions (especially in this current economy) people are always asking, “Whats going on with ___________?” This blog is here to look at the different aspects of the market and to share some ideas of whats happening and where we are headed.
My Dad always used a phrase, “A jack of all trades” and he would probably throw me into that box. While I am involved in many areas of the real estate market, I have several trusted advisors I call on for direction and advice. That practice will not change here. In the coming weeks I will post articles written by agents, bankers, builders, goverment officials, and others all brought to the table to give you their organic advise about the real estate market. In colonial Boston there was a street they called the ‘Change. It was where people got together to exchange ideas, advise and news, that is what we will accomplish in this community. While much of the subjects will be regional, national or general the emphasis will always be our Atlanta community. Who should follow the post? Anyone who counts value in real estate as part of their life. If you derive income from, own, invest, or are just interested in real estate you have found a stop on the information super highway. If that is you, pull up a chair, grab something to drink, and smoke ‘em if you gottem, lets get started.
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