Archive for June, 2008
Schwarzenegger Sees California Real Estate Recovery in 2009
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Arnold Schwarzenegger, Governor of California, thinks that his state will come out of the housing slowdown in 2009. The state has been one of the worst hit by foreclosures and subprime lending as speculators drove prices up to the [...]
30Jun2008 | Tom Royce | 4 comments | Continued
Top 10 States With Biggest Tax Revenue Shortfall
The days of money flowing in to state governments due to new construction, both residential and commercial, are coming to an end. The flow of impact fees, transfer fees, capital gains taxes, etc. have slowed the revenue stream for the state governments.
As we have talked about previously, state governments did not have any restraint during [...]
Foreclosure Cycle Makes Renting More Difficult
One of the great problems with people going through foreclosure is the failure to address the issues they are facing. We have constantly recommended to families to be in contact with their lender and honestly appraise the situation.
One of the problem with Ostriches in foreclosure is that after the foreclosure happens, finding a new place [...]
Florida “Save Our Homes” Helping Homeowners Lower Taxes
Florida’s lack of an income tax has placed a high burden on property taxes to cover the burden of running the state. Excemptions that keep increases on properties held long term have kept families rooted to their old homes instead of letting families expand or contract the size of their homes.
With the newly enacted [...]
Book Review: The Inner Architect
The Inner Architect, How to Build The Life You Were Designed to Live by Susan Hanshaw is a primer on how to transition from a career that you are finished with to one that you love. Since few enter real estate as a first career, I thought the book would be a great read for many [...]
27Jun2008 | Tom Royce | 5 comments | Continued
One of the Best Quotes On Buying A Foreclosure - Buyer Be Smart
If I was an agent dealing with foreclosures regularly I would have this quote taped on my telephone.
“There’s so much inventory out there that the buyer can pick and choose,” said Susan Sirles Fidler, a Realtor at Re/Max 10, Oak Lawn. But she cautioned, “The stuff that’s almost free is almost free because it’s going [...]
27Jun2008 | Tom Royce | 1 comment | Continued
“Heads-We-Win-Tails-We-Win” Commercial Property Tax Fraud
While I do not promote the indiscriminate breaking of the law, for any of us living with some absolutely burdensome tax rates (ed. “You mean all of us…) this tax dodge is pretty funny.
A parking lot company in New York Cityfiled false documents to get their property taxes lowered. Due to a loophole in the [...]
Sam Zell Returns To Roots, Looks To Maximize Value At Tribune Co Through Real Estate
The newspaper business is in a rough way. When Sam Zell bought the Tribune Company and took it private many were scratching their heads. But Zell is also a businessman who has cut his teeth in the ruthless world of commercial real estate.
A few months after the takeover we are starting to see some of [...]
Canadian Government Requiring Real Estate Agent To Track Transaction Information
Ah, big brother is alive and well in Canada. In an effort to stem money laudering, real estate agents will be expected to maintain files on buyers and the transaction for 5 years and be ready to produce them to investigators from the Federal Government upon demand.
Yikes.
And if the agent does not keep proper records [...]
Harvard Housing Study Predicts More Pain For Housing Markets
A Harvard Joint Center for Housing Studies predicts the housing slump will be prolonged and that it is the worst since the Great Depression. The report expects that a weak job market will push homeowners on the edge into foreclosure and keep buyers away.
There are some good points to the study but I truly think [...]
If you haven't read this bill I could easily see how one could support it. I mean the bill ...
Pain is gain. I really support this, and the change may be hard but it has to be done. ...
I can't tell you how many people I've talked to in the past week who are completely unaware that the ...
The liberal government policies have facilitated the expansion of the foreign involvement in the Real Estate Investment sector. 
We all know EPA has the most murders per 100k ever. 175 murders per 100k. 
I am confused...I closed on my house 1 April 2008, I did not get $7500 pay back or $8000 no ...
I am a person that has been qualified for a loan and really would love to see this enacted. ...
From what little I read of the bill, it seemed like most of the housing regulation would be directed at ...
I am from Michigan and I would like to know more about land contracts and the tax credit. 
The real estate business is very lucrative if you are in the correction position. While it is down now ...
