Comments from a "realtor":
How to help the real-estate market
Here is a moderate solution to the real-estate market:
There are more than 58,000 homes on the market. If each and every person who does not need to sell his or her home, or can wait to sell, takes his or her home off the market, the market will correct very quickly.
What we would see is all the homes that the banks have had to take back or the short-sale homes. After a few months, we would have a strong housing market. In fact, if many Realtors would educate their sellers about this, everyone would be happy.
The inflow of money to a state or county is heavily depending on property taxes. When prices drop, property taxes drop... result:
How to help the real-estate market
Here is a moderate solution to the real-estate market:
There are more than 58,000 homes on the market. If each and every person who does not need to sell his or her home, or can wait to sell, takes his or her home off the market, the market will correct very quickly.
What we would see is all the homes that the banks have had to take back or the short-sale homes. After a few months, we would have a strong housing market. In fact, if many Realtors would educate their sellers about this, everyone would be happy.
The inflow of money to a state or county is heavily depending on property taxes. When prices drop, property taxes drop... result:
Mass inmate release possible in California
Gov. Arnold Schwarzenegger is considering the early release of more than 20,000 low-risk prison inmates from the nation's largest prison system as a way to save money amid a worsening budget crisis, a newspaper reported Thursday.
On the front page, for the masses:
Stock of our "usual suspect":
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