From my weekly newsletter at Dollar Stretcher Tips:
Instant Weed Killer
Weeds that grow between bricks on your walkway or sidewalk are
unsightly and can easily be killed without weed killer. Simply
boil water in your teakettle and pour it on the weeds. This is
better for the environment, too.
Kristel W.
Good read on how builders are changing their focus and building cheaper homes. I bet the McMansion owners are really happy about this. Ouch!
So if those first-timers who sat out the era of the McMansions and the McMortgages start buying these modest homes, Mezger may go down in the annals of real estate as the man who saved The House That Eli Broad Built. He’ll also need to expand his crooning repertoire. On karaoke nights, he usually caps the evening by singing “Unforgettable.” Since his music collection harks back to the 1930s, investors are hoping that he may soon be singing another classic: “We’re in the Money.”
Take a look around while driving through any part of Phoenix and the amount of lifted trucks and high end cars will make you think that everyone here is making six figure incomes. The reality is that these people are in deep debt attributed to the housing boom seen over the last few years which has allowed people to take out second and third mortgages to make big purchases.
Now that the economy is slowing and the housing values are dropping we are seeing a slowdown in this spending. Since Arizona gets most of its taxes through sales and income there is a huge shortfall occuring in all city budgets across the state. Its going to start getting very tight around the Desert.
State and local governments tighten belts as tax revenues fall, a ripple effect of the housing slump.
If there’s any reason for cheer, it’s that the state has been in this position before, and it not only came out of it, but also came out of it with unprecedented growth to lead the country as the fastest-growing state last year.
“There have been seven nationwide recessions since 1960, and each time we’ve bounced back,” Vest says. “The two most recent recessions, in the early 1990s and 2001, were both short and mild. So far there’s no reason to believe this is any different than the last two.”
: Christian Science Monitor | Top Stories
Happy Friday!!!!
A few interesting business stories today:
In these times where its all gloom and doom its good to find some humor:
It seems the previous occupants wanted to go out while leaving a statement. Something that would really get the attention of anyone that set foot in the house after they left.
A Fishy Abandoned House Tale | Real Estate Investing for Real Blog
