BofA repays $45B in government bailout funds – Yahoo! News.
So I keep reading all of this mumbo jumbo you see in the news regarding the economy. I think this article is the first one that actually give me some real concrete faith in the structure of our financial world. Bank Of America has paid back the United States Govt. in full from the TARP funds it received.
You know the whole point of me posting articles and giving my two sense on the whole issue, is really to show a perspective of what is actually going on. I will be the first to admit, right now it is virtually impossible to understand fully what is happening. You would need a degree in finance, and then a master degree in political science, maybe throw in a graduate degree in economics to truly see and correlate how all of these random acts are effecting you and me on a personal level. A few recommendations, 1- read a lot, 2- study up on different perspectives and opinions. I think this is one of the most important things a person can do for themselves. It will bring a level of clarity to your own beliefs. The important part there is “your Beliefs”.
So, back to the whole point of this article.. It is a positive sign that a bank who borrowed my tax dollars is paying it back. I never thought I would see the day. So my first gut reaction would be.. How is this going to effect their stock price? Any guess from the peanut gallery??
So I have been following this price range of homes very closely the last couple of weeks. My wife Lindsay and I are going to be buying another home here soon, and thought we would stay in the $250,000 range.. So this list today represents homes I would personally buy and live in.. All of these properties are priced really well, but if you also look closely they all have two kitchens. So the rental potential on some of them is great. Off set some costs while you live there.. Not a bad idea for some of you who are newly weds, or first time home buyers etc..
December 8, 2009 brad
Uncategorized
Frozen water pipes are always a problem here in Utah.. The reason I am thinking about this today, is because I have seen several homes over the last couple of days that have had some major issues with these extreme temperatures.. So be careful.. Here are a few tips..
You can avoid this kind of damage by preventing burst pipes and leaks in the first place. As frozen pipes often burst, winter care is crucial. Try the following care tips:
- Insulate your loft and the sides of your water tanks.
- Insulate all your pipes.
- Open the loft trap door on cold days to let heat in.
- If you’re away for awhile, spending winter somewhere warmer perhaps, then ask a friend or relative to check on your home and make sure pipes haven’t burst or frozen.
- Re-washer dripping taps because if they freeze they’ll block the pipe. This will also it will save up to a litre of water a day and your money if it’s a hot tap.
- Make sure you know where your stop tap is and check regularly that you can turn it off easily in an emergency. It’s handy to label it so you remember where it is in a panic.
- In very cold weather the heating will need to be on low, or set to come on a couple of times a day, especially if you’re going away. Most modern boilers have a frost protection thermostat, which turns on automatically if the temperature drops to a level that will cause your pipes to freeze.
Remember, make sure you keep your heat on to a minimum if your home is vacant, or if it is a vacation rental or whatever. I have had so many people call me after the fact. So if you need help, and you are out of town call us and we will go check on your property. It could save you thousands of dollars.. Now go enjoy the snow…..
The Extended Home Buyer Tax Credit: The Basics for REALTORS, Homebuyers, and Home owners from the National Association of REALTORS. .
So if you want to know the real rules of the Tax credit extension take a look at this.. Also if you have any questions feel free to give me a call.
Spencer Janke
Getting a Mortgage in 2010: 10 Things to Know – Yahoo! News.
1. Still tight
2. Down payments
3. Credit scores:
4. FHA:
5. FHA increase?
6. Asset purchase program:
7. Jumbo mortgages
8. Fed rate hike:
9. Recovery:
10. Fannie and Freddie’s future
So the question I have been receiving on a daily basis for the last several months is. “What is going to happen in 2010.” Good question? I am not a psychic, and I can’t predict the future, however I found a good article with particular subjects you should educate yourself with, that may help you in your planning.
IF you have no idea how to research these individual topics please call me and I will help, find a professional in your specific area if you are not in Utah. Right now it is even more important to hire real professionals that will look out for your best interest. Now the disclaimer, be careful just because they say the are a professional doesn’t mean they haven’t been to jail for fraud. 
Hope you enjoy..
Spencer Janke
December 2, 2009 utahcribs
Utah News
Proscenium
via Sandy reconsiders plans for Broadway theater, high-rises – Salt Lake Tribune.
So I woke up this morning and heard this on the news while I was driving into my office. Is it surprising? Considering the price point they were trying to obtain I would say no it was not. However at the same time, I am disappointed. I would have loved to see something like this come to Sandy City. I have read all of the naysayers, saying it would be impossible that Sandy City would not be able to sustain a Broadway Theater. I completely disagree with all of those comments. Apparently everyone in Downtown Salt Lake doesn’t understand that majority of people going downtown for a show live in the outskirts of town..
I think that whole area of Sandy, with Rio Tinto stadium, the South Town Expo Center, and Jordan Commons. Has great potential to continue to be a draw for a vast audience.
Now considering the market for a second, it would have been tough to sustain a project of this magnitude in an economic storm like the one we are in.. So again, I am not surprised the developers thought it wise to cut their losses and move on. Probably a smart decision. The fact Sandy City bought the property and is going to try and do something with it similar to what the Developer had in mind is pretty out there. I don’t think they will be able to pull that off. I hope they do, but in all reality I don’t see that as feasible..Better to wait out the storm and see if another developer will take it off your hands later..
