- President has signed the Tax Credit. It passed by a vote of 403
to 12 in Congress and by a vote of 98 to 0 in the Senate. Woohoo, it’s already done! All the politicians in attendance broke
bones over this – they broke their arms patting themselves so hard on
their back voting to get this through when it was a no brainer to begin
with in my opinion. - $6500 credit to people who have
lived in their house 5 of the last 8 years. $225k combined income on properties up to
$800k - These measures will spur growth
but credit needs to be easier to obtain to boost rest of the economy
nationally - Commercial Real Estate and
retail is a concern – Federal government is only real lessee in town - Raising funds for Metro Rail is
and will be a challenge - Must be CRS to appraise
properties over $1,000,000 – I hadn’t heard this before - Questions to ask appraisers
- Do you have contact
- Do you have comps
- Do you know the neighborhood
- Where are you located
- How long have you been
appraising - One agent has not had a local
appraiser in listing for 6 months – take on at State level - HVCC sunsets in June 2011 – I had
not heard this before - Must deal w/ deficit issues
head on and match our deeds to words to stay ahead of China - Leading Nations in the
corresponding centuries - 16th – Spain
- 17th – France
- 18th – Britain
- 19th – Britain
- 20th – United
States - 21st – ??? (Let’s hope it’s not China!!!)
- Local economy grew 3% Q3
unemployment is less than 5% in our area - Stimulus $$ will benefit Tech
and R&D industries in our area - Knowledge based economy has
helped our area – no smoke stacks, plants or factories - Heath care is a tremendous
concern if you’re lucky enough to live long enough we will all have a pre-existing
condition – things need to change - Analyzing how the politicians
throw around Billions, ½ trillions and trillions like it’s not real money - Loan limit rate increase was
extended through end of 2010 so it will remain at $729,750
Scott's Motivation and Real Estate Market Updates 