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6 Comments

    • Deregulate Transportation to Beat 100 MPG [view article]
      We have had the technology for 100 mpg vehicles for years. Just like we have had electric vehicles in use for 20 plus years. Unfortunately, the oil cartel still has control. Ingenuity has always been there but the oil companies have prevented us from making use of it. In 1965 Chrysler unvailed it's turbine engine car at the World's Fair in NY. I was there and saw a demonstration of. It was fueled by anything that burned. Wonder what happed to that......could the oil cartel have bought the patent? Jun 11 12:56 PM
    • Michigan Tries Tax Break Help For Homebuyers [Housing Tracker] [view article]
      Here in the Tampa Bay area we are still hurting pretty bad. Foreclosures are increasing and current inventory is still very high. I have had a town home on the market for two plus years despite a 25% drop in price. Have had a lot of interest from potential buyers who are all trying to sell homes. In my opinion it will be several more years before it starts to turn around in our area. Jun 06 02:03 PM
    • Kinder Morgan Energy Partners - Dividend Analysis [view article]
      How does KYE compare to KMP? May 21 10:43 AM
    • Latest Case-Schiller Report Shows the Sky is Falling [view article]
      Home prices are way down in the Tampa Bay , FL area. For example a 2500 sq ft home in a gated golf course community on a lake sold new in 2005 for $650,000. Today it is priced at $425,000. My town home in St Petersburg has been on the market since Feb. 2006. Originally listed at $299,900 and currently listed at $239,900. All the national home buildings in this area are continually cutting prices. Shiller gets it right. Feb 26 01:47 PM
    • Lennar's Insolvency: Enron Redux? [view article]
      Reggie,
      Thanks for doing such an extensive analysis on this company. I for one would like to see them go out of business along with the others mentioned in your article. They have ruined it for the smaller mom & pop builders in our area. LEN bought up thousands of acres of farm land in our area causing hugh price increases on available land. Thus making it impossible for the small builders to compete.       Dec 31 11:18 AM
    • Eleven Good Points On Residential Real Estate [view article]
      David, I agree with the points made. Very factual and I plan to pass it on to the builder I work for. With respect to appraisals, right now fees are dropping because there is less work in our area for them. In addition builders cannot get the "numbers" out of them that they were used to. I have given customers new home estimates only to have banks say that the appraisal was less. So we are starting to see things tighten up with respect to appaisals which I believe is a good thing.

      In regards to NAR, my feeling are they are just a money making operation. They always seem to indicate things aren't so bad no matter how bad things really are and believe me they are bad. We have not had a sale of a new home in 9 months now. I have realtors currently telling me that they are getting more calls. Not sure what they are smoking but this Bradenton / Sarasota area is close to dead right now. There is so much inventory on the market, prices are dropping, foreclosures are increasing, and auctions are going on in every development. Banks are reluctant to lend money and interest rates are raising. So I agree with you that it will take at least another year to 18 month more before we see a normal buy & sell environment.       Jun 22 02:04 PM
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