It seems like a good time for a vacation. Not much happening in the real estate market. By and large, real estate is on hold as buyers await the election outcomes.
There is no doubt in my mind that a swing to the conservatives will dislodge the real estate market. It will provide a giant vote of confidence that we have a chance to take our country back from tax-and-spend legislators. 40 days and counting! Prepare to vote anti-Washington!
For the umpteenth time Prescott, AZ has been named among the best places to retire! This time we’ve been
ranked #4 by CNN Money
. The Kathleen Yamauchi Group happens to be linked to CNN Money and requests for more information have already started rolling in. I can’t think of a year since I started selling real estate in Prescott (1991) that we have not made someone’s top ten list. It’s not hard to understand. A state that offers reasonable income tax rates with a city that offers four mild seasons, plenty of beautiful scenery and lots to do is not that easy to find. After all, our nickname is “Everybody’s Hometown”.
This week I read an interesting article from ‘Money Insider’ exposing the careless pie-in-the-sky words of many economic commentators. There are too few voices of reason out there. With the number of bank owned properties flooding the market and strategic defaults looming ahead, Michael David White, CEO of The New Mortgage Company, is one voice in the wilderness. To read for yourself go to:
As a small business owner of a heretofore successful real estate company, the tax-and-spend policies of Washington are the iceberg too big to sail around. And while we’ve done a good job of cutting expenses, throwing non-critical marketing and office space overboard (depriving our vendors and landlord of our previous reliable business) and cutting back on staff, the expiration of the Bush Tax Cuts is the hole in our lifeboat.
The majority of our 2010 sales to date have been cash or very high cash-to-loan transactions, with clients choosing to park their savings in a tangible asset, even one still declining in value. It speaks volumes of an ultimate lack of consumer confidence.
The Fall used to be our best selling season because it’s when our little Arizona mountain town is its prettiest and the temperature most comfortable. Based on pending sales, this Fall appears to promise another wait-and-see-what-the-election-brings season. One can only hope for a clear signal to end the hope-and-change redistribution of wealth Washington policies that are taking this nation down.
"Buy land. They’re not making any more of the stuff." – Will Rogers