Friday, May 28, 2010

Waiting for the Market to go up Before you Sell?

Waiting for the Market to go up Before you Sell?
  Consider this: On January 1, 2011, the capital gain tax reduction that was signed into law by President Bush will "sunset." The tax rate will revert from the current highest rate of 15 percent rate back to the former 20 percent capital gain tax rate that was in effect prior to 2003 unless it is extended.

Wednesday, May 19, 2010

Shocking Numbers in the Media are Not Always as Bleak as they Seem, Chapter Two or Mark Twain, you were enlightened:

  You have heard me harp on this before.  The black cloud of the  week was reported in the media as  follows: "10% of all home mortgages are now Delinquent".   Sounds really bad and it is accurate but despite the fact that this also means that 90% are not, here is the real thing to remember:
  App. 50% of owner occupied single family homes in this country are owned free and clear with no mortgage.  So what this really means is that only 5% of the homeowners in this country are behind in their payments.  The normal person would think that the news quote means that 1 out of every 10 homes in America is headed for foreclosure.
 So after, app.  5 years of a real estate slow down and the worst and longest national recession since the great depression, 95% of the homeowners in this country  either owe nothing on their homes or are current on their mortgages.  Puts a whole different light on it doesn't it?   As Mark Twain once said: "There are lies, damned lies and then there are statistics".

Friday, May 7, 2010

Disputing a Bill: Right or Wrong?

Have you ever disagreed with a bill you received from a cell phone service you discontinued; or a doctor bill you were sure you paid? All of us have had to go toe-to-toe with some company or another over errors in billing and in most cases we usually get the problem cleared up and the issue is taken care of.

Then again……..there are those times that you are sure you’re right but they just won’t see it your way, and they send that $25.00 doctor bill to some nasty collection agency. You try dealing with the collector and after you don’t have any success, you simply ignore him until he goes away. Which, he eventually will do.

However, what doesn’t go away is the negative report that’s been left on your credit.

Wednesday, May 5, 2010

North County April 2010 Real Estate Report

Closed Escrows in Northern San Luis Obispo County were up 8% in April compared against April 2009 but down 17 % from March of this year.
Sales for the first 5 months of 2010 are up 1% against the first 5 months of 2009
Available inventory of property for sale this month is down 2% from April of last year.