Real Estate
Our friends are tackling ambitious projects around their houses; installing flooring, building decks, ripping out walls, remodeling bathrooms, etc. In a way, I’m impressed by the knowledge, planning, and do-it-yourself-enthusiasm these projects require. But in another, much more powerful way, it just doesn’t sound like that much fun. I’m not handy. Never have been, probably [...]
Continue reading about Home Improvement for the Not-So-Handyman
The one good thing about the bursting of the real estate bubble is that our property taxes are way down. Our tax assessed value this year is less than half of what it was 3 years ago. I think it’s best to stay positive. We may be six figures underwater, but at least we’re saving [...]
Obviously no one can say for sure, but there are three factors at play that could put downward pressure on property values in the near term. 1. Supply. Nationwide, lenders are sitting on a backlog of approximately 1 million foreclosed homes. Under pressure from Uncle Sam, and in the interest of minimizing their own losses, [...]
