Apr

30
2010

Improve ties between lenders, borrowers

Re: 'Let's assist distressed owners, small business' (April 26)

Dear Editor:

Lending and the risk that it incurs should be done on the local level where the lender has an intimate knowledge of the market. The banks have gotten too large and too impersonal, with lending decisions being made at distant locations.

If decisions are made by qualified local lenders, pooled and sold to investors who have trust in the decisions of the local lenders, both the availability of loans and investors should increase.  more...

Apr

27
2010

Increase incentives to real estate investors, owners

Re: 'Let's assist distressed owners, small business' (April 26)

Dear Editor:

Housing is about supply and demand, and currently supply outweighs demand by a large margin, with the majority of homes either being underwater or in foreclosure. It's this part of the market that needs to be addressed, as once the majority of these properties are off the market, the prices of homes should begin to stabilize.

So how does this get accomplished?  more...

Apr

23
2010

Agents: Consider the benefits of employment

Re: 'Crackdown on independent contractors' (April 19)

Dear Editor:

Great article. I am surprised that it is being viewed negatively?! All agents should be embracing the fact that as an employee, we would be eligible for a 401(k), health insurance benefits, workers' compensation and unemployment compensation, not paying self-employment tax, and the list goes on!!!  more...

Apr

20
2010

Finding value in fractional ownership

Re: '4 downsides to part-ownership' (April 16)

Dear Editor:

I read the article about the investment quality of fractional ownership. With a little due diligence, the writer would have found deeded fractionals with very happy owners and increased values. With prices as low as they are now, deeded real estate investments will prove to be rewarding, particularly if owners have the ability to purchase the use periods during which they can enjoy their vacation-home residence. Keep in mind that like writers, some real estate offers are more credible than others.  more...

Apr

19
2010

The big picture: China, Wall Street, jobs

Re: 'Fears of an REO glut persist' (April 16)

Dear Editor:

It always amuses me that the media publishes articles like this, as if this story is something new and unexpected. When will the media start becoming proactive and not so reactive?  more...

Apr

16
2010

Apr

9
2010

Create jobs, not blame

Re: 'The short-sale wrinkle' (April 8)

Dear Editor:

I read this article and it makes a lot of sense about why and how the short-sale process works. I just want to comment: In the times of crisis that our country has been facing, it doesn't look like any of these entities are looking out for "families." So many families are being displaced.

I'm so tired of hearing how "People bought more than what they could afford," "People should have put down more than the minimum 3 percent," "Why couldn't people buy like they used to ... putting down 20 percent or more."  more...

Apr

7
2010

Bringing back barns Premium Content

A Skagit Valley barn home. Image courtesy John L. Scott Real Estate.

As urbanization claims farmland and transforms areas of our nation from once-rural roots, barns have increasingly become a symbol of our past rural heritage, and some aging structures have been renovated and repurposed for the new millennium by creative and resourceful folks seeking a unique living space.

When Chris and Allen Elliott bought a barn in Washington state's Skagit Valley in 1991, it was probably only a couple of years from falling down -- and it might have if they hadn't stepped in.

Allen, who estimates that the barn is about 90 years old now, says, "It was built by a crew who traveled from site to site, building the rafters on a jig on the hayloft floor and tipping them up. This was the space that sealed the deal for us."  more...

Laughing all the way to the brokerage

Re: '3 real estate comedians'

Dear Editor:

I was very intrigued by the article about the three Realtor-comedians. Just so you know, I am a Realtor who has taken the concept one step further. I am the co-founder of two Toastmaster improv/comedy clubs: The Comedy Shack Toastmasters, which meets in Plantation, Fla.; and The Comedy Shack II Toastmasters, which is perpetually looking for a new meeting place.  more...

Apr

6
2010

Schools, not homebuyer incentives

Re: 'California expands $10K buyer tax credit' (March 25)

Dear Editor:

The failure of all of the house rescue plans, both federal and state, lies in the misbelief that government can correct an imbalance by allocating funds to a "special interest" group. It cannot, and basic economics (if understood and followed) tells us that this will create further imbalances on a never-ending downward spiral, until subsidies are given to all (or to none, which is preferable)!

Now, the broke state of California adds itself to the list of ignoramuses, spending money it doesn't have to correct a problem it has no business meddling in. I agree with an earlier writer: Put the money into schools.  more...