Aunty was subscribed to Ken Wade’s Housing Alerts because it seemed like a good idea.  I believe Frank Chen of REI Club sent me a link (affiliate link in which he gets a percentage of the sale) and I sat through a very long, rather tedious webinar that showed a super simple way of gauging whether a particular real estate market was in a transitional period (not a particularly good time to buy or sell but okay for rental income) or in a wealth phase (great time to buy and make money).

Ken is a chart freak and loves charts of every type.  He discovered that the candlestick method along with moving averages tell a great story about the ups and downs, or ins and outs of real estate investing – kind of like it does for the stock market, only much much slower.

For $99/year, you get to track one city, for $197/year you can choose 3 cities, and the price gets higher the bigger and broader the market areas you decide you want.  If I recall, $1997 will get you the entire United States and some extras such as market reports from Ken Wade himself from time to time.

Aunty picked Las Vegas (surprise, surprise), Honolulu, and Indianapolis as her 3 cities.  All three cities were in the transitional phase – not a good time to get in the market.  Vegas was recovering from an all red phase where all the indicators short term, mid term, and long term were red.  Red is not good, the market is not in recovery, and not a good time to buy.  The more recent quarters had a few yellow and even occasional green indicators, but not in the long term columns, which meant the Vegas will still not a good market for investing for the buy and flip investors.

Indianapolis and Honolulu were almost like Vegas in the readings – transitional, not good for investing yet.

Because I bought the cheap $197/year 3 city package, I only had access to the wealth phase chart and the green, yellow, red dots indicators.  In the beginning, I was an avid watcher and would check and check the wealth phase charts and indicator charts over and over to find that these charts didn’t change at all, for at least 3 months because they were quarterly charts.  The updates didn’t show up until 50 days after the quarter ended – if I wanted to see the December 2011 quarterly period, the update didn’t show up until mid or late February of 2012.

There were a few market news reports that were a bit of sales pitching, and because I was not enrolled as a regional or national member, I was not able to access the more useful and timely market reports on the current areas in movement.  However, somehow I gleaned that Bismarck North Dakota is moving right now from one of Robert Kiyosaki’s live events when he mentioned buying land and developing rental apartments in the Bakken area where fractal drilling of oil is the hot job creator and growth opportunity.

I had the Housing Alerts program for a year, and then noticed a charge on my credit card for $197 – an automatic renewal of the 3 cities enrolling me for another year of slow quarterly charts and sales pitchy updates.  I emailed and asked for a refund in order to cancel my membership.  After an initial refusal, then some muscle of  – really, I want my money back – they obligingly refunded the $197 as a credit on my card.

Just today I received an email from Ken Wade with a free downloadable ebook entitled “Go Broke Investing”.  I went to the website, clicked on the send it to me button with my email address, and received the book in my email account.  It is easier to go through than his super long, very monotone webinar pitch, and it does have good information about past markets and the usefulness of charting.  Throughout the ebook are links to his marketing webinar or site “in order to learn more.”

Here is a link to his promotion:  GoRealEstateDeals.com which will ask for your email address in order to send you the “Go Broke Investing” ebook.  This is a rather aggressive website that will ask you several times if you are sure you want to leave the page, so just insist you do and you are out, or sign up and get the ebook, along with many follow up marketing emails which you can opt out of at any time.

Would I recommend this program?  It depends.

Aunty is an impatient person.  Watching a pot of water come to boil on a stovetop is torture for me.  Because the Housing Alerts program is based on quarterly reports, it is only updated once every 3 months, and after a 50+ day lag.  And, because it is real estate, movements are small and not dramatic as they are in the stock market.

Another point – Aunty is kind of cheap.  Instead of buying the national package with all the big cities in the nation, the option for 3 cities at $197 appealed to the pocketbook, but was limited to – 3 cities (duh)!  This option did not provide me with access to bigger studies and timely reports.  Being stuck with just Indianapolis, Vegas, and Honolulu felt like wading in jello.

I believe this is a program for patient people who are willing to shell out $1997 per year for many years.  All of Ken’s marketing lessons show fantastic possible returns IF properties were bought and sold in the wealth phases.  The most recent wealth phases occurred just about everywhere, about 5-10 years ago.  I dunno about you, but that kind of information of looking backward doesn’t benefit me today.  Perhaps there are a few cities that are actually entering the wealth phase right now.  I wouldn’t know since I don’t have that kind of access.  All I know is that Indianapolis, Las Vegas, and Honolulu are all in the “transition” phase of staying out of the market (which Aunty is NOT doing as it concerns Las Vegas).

Ken Wade does do a fantastic job of charting, market momentum with moving averages, and simplifying the process of understanding with easy visuals.  However, for Aunty, it’s too slow.  It is like playing Keno and the numbers take an hour each to post, versus Aunty’s game of choice – Craps, one of the fastest moving games in the casino.

In summary, it is a good program, rather expensive on an annual basis, and takes years to gauge benefits, and not for Aunty.  If Ken Wade did individual stocks or commodities with his simplification of red light/green light for the cheapos – Aunty might subscribe.