Archive for February, 2006
Mississippi County Preparing a 23 Million Dollar Package to Get Kia Plant
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!In the battle to get the billion dollar Kia Automotive Plant that is planned to be built in the Southeast United States, Lowndes County in Mississippi is preparing to offer KIA a 23 million dollar incentive package. West Point, Georgia [...]
15Feb2006 | Tom Royce | 0 comments | Continued
WalMart Fails To Aquire Property Using Eminent Domain Laws
WalMart is one of the worst offenders of corporations using the eminent domain statute to take land from homeowners to put together properties for their supercenters. They dangle the potential tax revenue to the locality, and they jump through hoops for WalMart.
Now I am not one the of the masses that hate WalMart. I think [...]
KB Homes Expects Slowdown in 2006 Homes
KB Homes is looking at a slowdown in 2006 as demand for new homes has slowed down with orders cancellations increasing. Even with the slowdown in demand, the company still is expecting to earn $11.29 a share.
“In the first two months of the year, we have experienced an increase in home order cancellations and a [...]
14Feb2006 | Tom Royce | 0 comments | Continued
Getting a Mortgage is Way To Easy According to This Blogger
Another F@cked Borrower is a mortgage broker telling the dirty secrets of the current mortgage industry. I have always been under the impression that a mortgage was the toughest loan that one could get, but reading his site has shown me that this may not be the case anymore. Go over and take a look at [...]
14Feb2006 | Tom Royce | 2 comments | Continued
Virginia Legislature Battles Over Eminent Domain Legislation
The Virginia legislature is in a battle over their eminent domain laws, as a watered down bill that essentially maintained the status quo was amended by a broadbased coalition from both parties. They replaced the watered down legislation with a strong and restricting amendment keeping the government from taking a taxpayers property to increase tax revenue.
The [...]
White House Agrees With The Real Estate Bloggers - Most of Country Sees a Soft Landing
While there is gloom and doom in certain markets, President Bush and his economic team feel the real estate market will see a soft landing as the huge increases over the last few years slow down and the industry settles into more traditional patterns. With the exception of a few real estate markets that overextended, [...]
13Feb2006 | Tom Royce | 1 comment | Continued
Palm Beach County Too Expensive for Most White Collar Workers
When people are relocating, South Florida is a prime destination. Year round warm weather and beautiful beaches are some of the things that will have people begging to get a job. Unfortunately, the run up in housing prices has made folks looking to relocate turn away from the Palm Beach area. And employers are not [...]
13Feb2006 | Tom Royce | 0 comments | Continued
The Democrats: Praying for Housing Bubble to Pop For Success?
Business Week has an article out that is either absurd or terrifying. They surmise that for the Democrats to gain traction on the economy we need housing values to tank. The feeling that the Democratic Party is so bankrupt of ideas that the only way they could regain power, or at least a foothold on [...]
12Feb2006 | Tom Royce | 0 comments | Continued
Hospital Can not Take 93 Year Old Womans House for 1/5th Market Value
This is the dirty secret of eminent domain, it is not used just for taking property for the public good, but it is taking property at a steep discount for the politicians and developers good. Fortunately, a hospital in Albany Georgia is learning this lesson the hard way, being force to pay a 93 year [...]
12Feb2006 | Tom Royce | 0 comments | Continued
The Ultimate Housing Bubble? A $400 MILLION HOUSE Turns into a $120,000 Property
In a sign that the housing bubble has hit outside of Chicago, the property values fell drastically and schools and local governments are at a loss to fill the hole after a homes value fell from 400 million dollars to 120 thousand dollars overnight.
This week, however, things went downhill fast, as school systems and [...]
11Feb2006 | Tom Royce | 1 comment | Continued
I saw this earlier today and thought the exact same thing, Tom. The politicians have been pushing homeownership for ...
I just found your blog and it's filled with great information. One of my goals this year is to update ...
Thanks for the kind words. I promise you the first year we did not have this level of readership. It ...
The limit on jumbo's is either 417,000 OR it is 115% of the median house price, not to exceed 150% ...
I like your blog and I have read many of your articles. I agree that it is amazing the ...
Yes, there are some deals out there. While there are some deals out there, I'm an agent looking for ...
With mortgage rates poised to drop to 4.5 percent all we need now is some tax incentives to help home ...
I think the overall interest in refinancing was definately high recently. However the problem is that although the rates dropped, ...
I have had great success using craigslist. Renters need to be careful and make sure they check out their landlord ...
This is the start of where the market can begin to level out.
Home owners will start to be able to ...
