PROPERTY DESCRIPTION AND RENTAL INFORMATION. For sale by owner. Clean 44 space park on the Sacramento River with some of the mobile homes with river views. Low turnover, permanent RV tenants. Owner will share 10 years of P&Ls. Reasonable rental rates of $410 for the MH sites and $330-$340 for the sites with permanent RV’s. No rent control in the unincorporated area of Red Bluff in Tehama County. All of the mobile home sites have direct bill electric and some of the RV sites. The park also charges $16 per month for water and $5.79 per month for trash. One rental mobile home included in the sale. Park road down to the river where a former owner used to rent tent sites. Small office building and laundry room. County boat launch on the other side of the river from the park. To learn more, click on the link below! Please contact me if you’d like some additional information about this property!
The first quarter of 2018 “started at more than 5 percent expected GDP (gross domestic product); we are now significantly less than 2 percent for the (first quarter) expected, so I don’t really see things happening in the growth area,” Jacobsen added.
“We’ve been at 2 percent exactly since the financial crisis, I don’t think we’re going to deviate from that,” he said.
The Organization for Economic Cooperation and Development (OECD) estimated earlier this month a 3.9 percent growth rate for the 20 most developed economies in 2018 and 2019. However, the group warned that the trade tensions in early March could threaten their best economic outlook in seven years. Fears over a potential global trade war have become a “catalyst” for lower economic prospects, Jakobsen said, but there are other factors clouding economic growth.
“We have slow growth, no inflation input coming through, the infrastructure spending is not in the spending bill in the U.S. anymore, so a lot of the factors strategists go on this program to talk about again and again aren’t actually materializing,” he argued.
In the U.S., plans to reform the tax system and increase infrastructure spending led investors to expect higher market returns and higher global growth. Though the White House has approved changes to the tax system, some analysts are worried over its impact on the country’s fiscal position. And the infrastructure bill is stuck in U.S. Congress, raising doubts whether the trillion-dollar plan will ever see the light of day.
More room to run?
On Tuesday, global markets traded higher as fears over a global trade war eased. Some analysts have a different view to Jakobsen’s, believing that there is further room for market gains throughout 2018.
Karen Ward, chief market strategist at J.P. Morgan Asset Management said in an email that firms are more positive about the future and have been investing in plants and machinery.
“Last year was not only the strongest pace of business investment growth in the G-7; it was also the first year expansion was synchronized across all seven countries,” she said, adding that this is set to boost productivity.
“It might well be productivity that surprises markets, giving the economic recovery and the equity rally room to run,” she said.