Archive for February, 2009
Getting Nowhere Fast?
Need Traction? We all tend to start a new year with new goals, hopes and changes that we are going to make in our personal and business life.
Guess what? ..It’s almost March ….how’s your progress going on your 2009 goals? Are you on track or are you
Becoming Comfortable With the Uncomfortable
Opportunities, Succeeding is a process
No Fear ..at all …what could you achieve?
Fear of Failure
Video by Brian Tracy
No Magic Bullet
We’ve all either fallen for something (and spent money almost always) on programs, tools, pyramid schemes ..you name it…. looking for a quick path to fortune. Every industry has it’s “no fail” methods that mostly “don’t fail” to separate our money from our wallet.
Seth Godin’s latest blog post gives us his insight and reminder that it takes work and perserverance for success …. Get rich quick
Survey Considerations
Tim Berry is one of my favorite blog resources for business planning ideas, planning and support. His latest blog on The Trouble With Surveys is right on.
During my education to become a pharmacist I had several statistic classes. The professors drove home with us the need of a pharmacist (or anybody) to be able to determine the validity of medication studies by focusing on how the study/survey was actually done ….the process is as important as the conclusion. It’s the whole thought of Mark Twain of “Lies, damn lies, and statistics”.
It is critically important to know the methodology behind a survey before one gives validity to it’s conclusion.
FIRST TIME BUYER TAX CREDIT-NO REPAY!
16 Pages
16 pages …that’s it ….anyone guess what I’m talking about?
Today’s local newspaper …the Record Searchlight …
Bet it didn’t even weigh 2 ounces …
Someone told me that only 14% now get their daily news routinely from a newspaper.
I haven’t been able to find anything to back that number up ….. but I bet it’s close..
Looks like the Record Searchlight has even given up.
My guess is that less than 14% of the newspaper staff gets their news from their own publication.
16 pages …That’s it
For the best news concerning real estate in Redding or real estate in Shasta County visit BuzzAboutRedding.com
It’s About Doing
Quotes that Caught My Attention
It's about doing
“Knowing is not enough; we must apply
Willing is not enough; we must do”
— Johann Wolfgang von Goethe: was a German writer and polymath
Visit www.BuzzaboutRedding.com
HOMEOWNERSHIP TRUMPS RENTING ONCE AGAIN!
Significant drops in home prices and interest rates have made home ownership attractive compared to renting once again. This has not been the case for the past 7 years or so due to a run up in home prices. Now that prices have dropped nearly 50% from the peak, and interest rates falling to historically low levels, mortgage payments are in line with rental rates.
In Redding, the median price has dropped to $190,000 according to a recent article in the Record Searchlight. Assuming a buyer can tender a 20% downpayment to avoid mortgage insurance and secure the lowest interest rate for a 30-year fixed rate mortgage, the monthly payment will be $816. Add $200/month for property taxes and homeowners insurance for a total PITI payment of $1,016. This home would rent for about $1100/month.
Factor in tax advantages of home ownership and owning has a distinct financial advantage over renting. The homeowner will have about $7,600/year in mortgage interest deduction and $2000 in property tax deductions for a total of $9,600. Assuming a buyer is in the 28% tax bracket, and has income to write these deductions off, the buyer will save about $225/month in federal income taxes. I have not figured the additional tax benefits of state income tax deductions for this analysis. This means the net monthly housing expense is just under $800/month. Clearly, owning beats the heck out of renting in today’s housing market!
530-224-6767 or 530-941-7492
BRAD GARBUTT
REALTOR/BROKER ASSOCIATE
REAL ESTATE PROFESSIONALS GMAC
QUARTER CENTURY LOCA REAL ESTATE EXPERIENCE
PREMIER SERVICE® is the focus of Real Estate Professionals/GMAC. We are located in Redding, CA (at the North end of the Sacramento River Valley) in the midst of river, lake, ranch and mountain terrain.
Our Customer Satisfaction Rating, based on an independent survey, exceeds 97%. This is reflected in our 2008 "QUIE" Award recognizing the TOP 10 REAL ESTATE COMPANIES in NORTH AMERICA! REP/GMAC in #2.
