$134 Billion Dollar Bond Scam or Conterfeiting Scheme?

Okay Peachtree City, with all the financial fiasco going on here in our own backyard I’ve made every effort to only promulgate some of the more positive things related to our economy in efforts to minimize your stress levels and keep your attitudes as positive as possible.  But, this one is so crazy you won’t believe it to be true!  I just had to write about what could turn out to be the biggest scam and/or counterfeit operation in history! 

Eligible For the First-Time Home Buyer’s Tax Credit? Check Out a Bridge-Loan To Use Your Credit in 2009!

Listen up Peachtree City potential First Time Home-Buyers!!

Now you can believe all the the hype you have been hearing…. there may never be a better time for first-time home buyers to buy a house than right now!

That’s right folks…it was recently announced that plans are in process to permit FHA-approved lenders to provide short-term bridge loans, allowing eligible home buyers to access the their tax credit funds at closing instead of waiting for the tax credit in 2010.  This can be your ticket to getting money to help cover closing costs and your down payment.

Cool Plan…..Paint Your Roofs White?

Hello again Peachtree City!  This blog has definitely no lack of controversial subject mater.   So are you ready for this one?  Ready or not….here goes!

US Energy Secretary Steven Chu, the 61-year-old physicist who is also a Nobel laureate in physics, says that he has the solution to the green house emissions that would literally be like taking every car off the road on this planet for 11 years!   Pinch yourself and read on.  This geo-engineering phenomenon would involve the painting of the roofs of homes and businesses…..WHITE!!!  

Governor Purdue Signs Georgia Housing Tax Credit Bill!

 

Greetings Peachtree City! Well it finally happened! Governor Sonny Purdue signed into law the highly debated House Bill 261 on May 11, 2009. How much controversy was behind this bill? Well, as far as the Georgia Association of Realtors were concerned, it was at the top of their 2009 agenda.

From the side of the opposition however, this bill seemed unnecessary because it was felt that the credit would not pose to be a huge incentive for folks that were preparing to buy anyway. Critics also stated that Georgia is facing a $3.1 billion deficit in fiscal year 2010 and projected deficits projected at $746 million in 2001 and $1.7 billion in 2012.

The Law Of Attraction: Can It Have An Impact On Your Real Estate Business?

Greetings Peachtree City and friends that have followed my blog. Over the last several months I noticed that my sites were getting tons of hits from all over the country as thousands of folks were reading my blogs. (I know because each of my sites has analytics to track visitors) Anyway, if you have read one of my posts you pretty much know that this is definitely not your A-typical real estate blog. 

SOS….My Home Is Underwater!!!

Hey Peachtree City, it has been a pretty sobering experience to speak with some many folks who now face the simple fact that their homes are now worth less than they owe on then.  Hence the terminology being “underwater”.  For the people that have not experienced the joys of home ownership yet, it equates to the same thing as your car being “upside down” where you actually owe more that its worth.  I have been impacted by this behemoth phonenomon because we decided to build a custom home in a brand new golf course community.  Being the 2nd or 3rd home sold,  we felt we got in on the “ground level” before the word got out and prices got jacked up. 

Death & Taxes….Which Comes First?

Hey Peachtree City…you know I often wondered what Ben Franklin was really thinking about when he wrote the phrase “the only thing certain is death and taxes”in a letter sent to his friend Jean-Baptiste Leroy in 1789.  We all know that our day is enviable but have you ever really thought about which one really comes first.?  Oh come on…….you know the taxman always cometh first! 

The G20 Meeting…..A Turning Point?

Okay Peachtree City…can we talk for a moment?  It’s official!  After the meeting of the G20 all of the World’s Governments are now focused on “fixing” the problems at all costs.  Hmmmmm…so when did government get bigger than the market?  Don’t know.  Back to the G20 in uno momento. 

First…what you may or may not know is that recently the Financial Accounting standards Board (FASB) suspended its rule #157-e…the Fair Value Rule.  Basically this rule requires banks to value their assets using a “mark-to-market” method.  Not sure what mark-to-market valuation is all about…go back and check out an earlier post of mine.   Anyway, the FASB reports that the new measure purports to guide asset holders who mark their holdings to market through a two-step process to help them decide “whether a market for a financial asset that historically was active is not active and whether a transaction is not distressed.”

Does The April Fool Virus Pose A Real Threat?

Hey Peachtree City, as you know April Fool’s day is normally full of playful pranks, and plenty of tomfoolery but the prank on this April 1 is a real threat to millions of computers.  Well, you may not have heard about it until recently on the news or 60 Minutes but a virus call Conficker C, threatens come out of dormancy and take over your computer on April Fools Day.  The virus is said to be able to disabe all your security programs and then proceeding to steal all your personal information.  In fact, CBS reported that it had a recent fight with this virus which took them 10 days to find and isolate.  Does Conficker C pose a viable threat?   All I can say is that everyone needs to at least be prepared. 

AIG…The Next Big Box Office Hit?

 

Hey Peachtree City, Remember the scene from the classic 1983 movie with Al Pacino, “ScarFace” where the mob boss Frank Lopez (played by Robert Loggia) was bringing in the new guy Tony Montana?   Big Frank told Tony with a vociferous voice, “never underestimate the extent of the other person’s greed!” Wow, I can see Spielberg or Scorsese chomping at the bit waiting to see how things play out with AIG and the Feds. They are probably anticipating not only a huge movie blockbuster but more that likely a sequel to boot…Cha-Ching!

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