Comments on: Something’s Happenin’ Here… http://jeffandsteve.wordpress.com/2008/03/06/something%e2%80%99s-happenin%e2%80%99-here%e2%80%a6/ Perspectives on Real Estate market in Palo Alto, Los Altos, and the surrounding areas in California from two area experts Sat, 05 Jul 2008 15:20:57 +0000 http://wordpress.org/?v=MU By: Real Estate In North Georgia http://jeffandsteve.wordpress.com/2008/03/06/something%e2%80%99s-happenin%e2%80%99-here%e2%80%a6/#comment-50 Real Estate In North Georgia Fri, 07 Mar 2008 14:16:00 +0000 http://jeffandsteve.wordpress.com/?p=64#comment-50 Many are choosing to ride it out and wait till a better market and to make do. So unless relocating I don't even see the upsize and downsizing going on. I see this market as an opportunity for upper middle class to purchase a vacation home or a house near a childs university for college. I see some boomers still tending parents and unable to move buy purchasing that retirement home and using it for vacations till then. There are also alot of great homes for those that qualify and who have saved a deposit for that first time home many foreclosures are a good value. People are just nervous and actually being very frugal and paying off credit card debt and trying to plan for a possible hard time ahead. I think offering new homeowners to match there deposit is a great way to get those foreclosures sold. Only if they can qualify and take on this type of loan. I saw a thing in Canada where at age 55 they offer homeowners an opportunity to take there house taxes after they sell there home allowing many to remain in there homes longer. As our elderly population finds it difficult to pay raised taxes and insurances I kinda hope we do something like that here. There are some conditions they have to do this but great for the elderly or disabled. Of course that makes another house not being sold but thats okay one day it will. Many are choosing to ride it out and wait till a better market and to make do. So unless relocating I don’t even see the upsize and downsizing going on. I see this market as an opportunity for upper middle class to purchase a vacation home or a house near a childs university for college. I see some boomers still tending parents and unable to move buy purchasing that retirement home and using it for vacations till then. There are also alot of great homes for those that qualify and who have saved a deposit for that first time home many foreclosures are a good value.

People are just nervous and actually being very frugal and paying off credit card debt and trying to plan for a possible hard time ahead.

I think offering new homeowners to match there deposit is a great way to get those foreclosures sold. Only if they can qualify and take on this type of loan.

I saw a thing in Canada where at age 55 they offer homeowners an opportunity to take there house taxes after they sell there home allowing many to remain in there homes longer. As our elderly population finds it difficult to pay raised taxes and insurances I kinda hope we do something like that here. There are some conditions they have to do this but great for the elderly or disabled. Of course that makes another house not being sold but thats okay one day it will.

]]> By: Eric Hundin http://jeffandsteve.wordpress.com/2008/03/06/something%e2%80%99s-happenin%e2%80%99-here%e2%80%a6/#comment-49 Eric Hundin Fri, 07 Mar 2008 05:16:10 +0000 http://jeffandsteve.wordpress.com/?p=64#comment-49 I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you. Eric Hundin I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.

Eric Hundin

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