It seems that Wachovia Bank is looking for $7 Billion dollars? Why? Where did they loose so much money? Who made it? Would Wachovia loan money to me if I needed it under those circumstances? Are investors throwing good money after bad? I think the board and CEO Ken Thompson need to step down. They got way too much power and control way too much money and so far they have demonstrated they can't handle it. That is from another fellow banker..ME! We need new blood there.
Stay tuned.
Tuesday, April 15, 2008
County's population to double by 2040, expert says
Forget the housing bust; Sarasota County’s population will still double by 2040, according to a national growth expert.
Sarasota County
Population 2000 - 327,000 est. 2040 - 664,000
Housing units 2000 - 183,000 est. 2040 - 372,000
Jobs 2000 - 192,000 est. 2040 - 450,000
Source: Arthur C. Nelson, Metropolitan Institute at Virginia Tech
The county’s population will grow to 664,000 by that year, said Arthur Nelson, co-director of the Metropolitan Institute at Virginia Tech. That’s double what it was in 2000.
Nelson dismissed arguments that Florida had become unattractive to retirees and that its taxes were too high. Similar arguments were made in the 1980s and the early 1990s about Florida, preceding housing booms in the state, he said.
Nelson was hired to do the study by Sarasota County as part of the effort to rewrite Sarasota County’s redevelopment code.
Nelson also criticized how the low-density way property has been developed here.
“I would say you could accommodate all of your future growth on parking lots,” he said.
Courtesy Herald Tribune
Sarasota County
Population 2000 - 327,000 est. 2040 - 664,000
Housing units 2000 - 183,000 est. 2040 - 372,000
Jobs 2000 - 192,000 est. 2040 - 450,000
Source: Arthur C. Nelson, Metropolitan Institute at Virginia Tech
The county’s population will grow to 664,000 by that year, said Arthur Nelson, co-director of the Metropolitan Institute at Virginia Tech. That’s double what it was in 2000.
Nelson dismissed arguments that Florida had become unattractive to retirees and that its taxes were too high. Similar arguments were made in the 1980s and the early 1990s about Florida, preceding housing booms in the state, he said.
Nelson was hired to do the study by Sarasota County as part of the effort to rewrite Sarasota County’s redevelopment code.
Nelson also criticized how the low-density way property has been developed here.
“I would say you could accommodate all of your future growth on parking lots,” he said.
Courtesy Herald Tribune
Friday, April 11, 2008
Bay Street Village
Today I had the pleasure of discovering this new town center development that includes condos, libraries, shops, dining, and much more. It is nestled in between Osprey and Sarasota just off of Route 41. Its minutes from the beautiful beaches at Siesta Key. This is a place the developers plan to bring business, leisure, and living together at your doorstep. The condos are reasonable priced and there is special financing available for first time homebuyers, municipal and county employees, and medical personell. For more detailed information, check out their web site at http://www.BayStreetVillage.com.
Saturday, April 5, 2008
Lakewood Ranch sees small rebound in housing with Neal Communities
It seems not is all that bad in Lakewood Ranch Real Estate these days. Neal Communities sold 33 homes in March in Forest Creek, the Hharborage on Braden River, Wisteria Park, Edmore, Greystone, and Thornhill. This brings the total to 65 so far this year. They are crediting a new pricing strategy which starts homes in the $120's. The smart buyers are buying now. For more info, visit their site http://www.nealcommunities.com/.
$5 Million Plus Home Sold on Siesta Key
A mansion on Siesta Key has been sold for $5,150,000.00 according to Michael Saunders & Company, http://www.michaelsaunders.com/, which represented both sides in the transaction. This is the most expensive sale in the area since 2006. Seems not everybody is affected by the down turn in Real Estate
Sunday, March 23, 2008
Mortgages after Divorce
I am writing this blog because it is very close to my heart. To quote Robin Williams,
"Ah yes, divorce, from the Latin word meaning to rip out a man's genitals through his wallet." Ouch! He couldn't be more correct. My divorce was just finalized last May, and I certainly felt as though some things were ripped out with it. I gave everything to the ex, my kids hate me, my credit stinks, and of course the mortgage biz is in the toilet. So, no house, no equity, no kids, no credit, and no money. That pretty sums up our "family law system". I hope the judge that did my case reads this. All in all some day again I will be on top again (at least that is what everybody keeps telling me). Now, believe it or not, there is life after divorce. There are two things you should know. If the ex doesn't refinance the house and take your name off of it, that is okay, as long as they supply you with 12 months cancelled checks showing they are making the payment, mortgage companies won't count that debt against you. For credit cards, the same thing goes, except all that you have to show is the divorce decree and we won't care about the debt. HOWEVER, there is one area we run into problems. Even though you have a divorce decree, if they stop making payments on the mortgage or the joint credit cards, the creditors don't care who is supposed to pay what. They will come after you. The creditors were not party to the divorce and you are liable. If the accounts go into collection, it will affect your credit and thus your ability to get it. My advice to you is put a time limit in the divorce decree of 2 years or less for the house to either refinance or sell the home, and require your ex to refinance their credit cards. Just some common sense tips to help you get a mortgage after divorce.
"Ah yes, divorce, from the Latin word meaning to rip out a man's genitals through his wallet." Ouch! He couldn't be more correct. My divorce was just finalized last May, and I certainly felt as though some things were ripped out with it. I gave everything to the ex, my kids hate me, my credit stinks, and of course the mortgage biz is in the toilet. So, no house, no equity, no kids, no credit, and no money. That pretty sums up our "family law system". I hope the judge that did my case reads this. All in all some day again I will be on top again (at least that is what everybody keeps telling me). Now, believe it or not, there is life after divorce. There are two things you should know. If the ex doesn't refinance the house and take your name off of it, that is okay, as long as they supply you with 12 months cancelled checks showing they are making the payment, mortgage companies won't count that debt against you. For credit cards, the same thing goes, except all that you have to show is the divorce decree and we won't care about the debt. HOWEVER, there is one area we run into problems. Even though you have a divorce decree, if they stop making payments on the mortgage or the joint credit cards, the creditors don't care who is supposed to pay what. They will come after you. The creditors were not party to the divorce and you are liable. If the accounts go into collection, it will affect your credit and thus your ability to get it. My advice to you is put a time limit in the divorce decree of 2 years or less for the house to either refinance or sell the home, and require your ex to refinance their credit cards. Just some common sense tips to help you get a mortgage after divorce.
Wednesday, March 19, 2008
Long Boat Key Endorses New Hotels
Seems Long Boat Key is finally realizing that the loss of hotels in the area has send high end toursists elsewhere and has finally voted to make it easier for small restaruants and hotels to rebuild and remain in the area.
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