I recently answered a question that I thought might be helpful to others, so I am posting it here. If I get positive feedback on Q&A’s, then  I may start a Q&A blog… so please let me know. Thanks.

-Question:

How do power lines above or in real close proximity to the property affect value and sales? Im seeing a lot of vacancy near power lines and heard that people tend to feel they are unsafe?

-Answer:

There is a lot of mixed opinion about the safety of homes in close proximity to High tension powerlines. You can read a ton of information about it by googling “homes near high tension powerlines”. I think it is best to do your own research, and come to your own conclusions. They do have a dramatic negative effect on home prices and days on the market. There is no set amount or percentage, but more of a trend. Besides the health concerns, there is the visual, or eyesore impact as well. I believe the impact is greater in a slow market like we have now. But when the prices get low enough buyers will appear. Just remember, that you may get a deal now, but you will also get less when you sell, than comparable homes that are not close to the powerlines. Hope this is helpful.

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Article courtesy of the Wall Street Journal
The financial crisis was the result of home buyers’ rational reactions to misaligned incentives – not fraud, argues Todd Zywicki, a George Mason University law professor and a Mercatus Center senior scholar.

Zywicki, who has studied the financial meltdown, argues that taking out a risky bank loan looks like a foolish choice today, but at the height of the housing boom was actually a smart decision for many people.

He says the crisis began when the Federal Reserve pushed interest rates to extreme lows from 2001 to 2004, making adjustable rate loans very attractive. It wasn’t until the Fed pushed rates back up that people walked away from their loans.

In the next phase of the crisis, Zywicki says, the availability of foreclosed properties pushed down home prices, which led to more home owners walking away from their properties. Now in the current phase of the decline, unemployment has led to even more foreclosures.

Zywicki writes: “The problem isn’t consumer gullibility or ignorance. Borrowers have shown they understand, and act on, the incentives they face all too well.”

Your thoughts and comments are appreciated.. Thank You.
Source: The Wall Street Journal, Todd Zywicki (02/19/2010)

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YOUR HOUSE PAYMENTS

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I often get asked “is this a good time to buy or sell a home?”

So, I created this Realtor article review, and information for you.

Your questions and blog comments are appreciated.  Thanks and have a great day!

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Now is a good time because in this challenged economy the government wants to stabilize the housing market.  This is especially true in the US, and is also true for many other countries.  For the purposes of this article let’s focus on the US.

Government incentives are maintaining low Interest rates, loan guarantees, and the first time Home Buyers $8000 tax credit.  To hear all the details and how to get a great deal, please click here to listen to my ‘free’ teleseminar replay.

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Well here we go with my first post on this new Blog I360 site.  So please forgive the rough look until I get a little more familiar with it.  I am following my friend Bob the Teacher’s great advice. “Take Action Revise Later” (TARL) for short.  You can check out his great training at Results at Success Library

In my first post I also wanted to introduce myself to you, so I am posting a recent audio interview below. Please take a few minutes to listen.  Any input and questions are welcome in the post.  I will do my best to answer questions in a timely manner.

In the future I will be addressing the most popular topics first, so please check back frequently.  I will also be including Free Offers, Guest Experts, Bonuses, and links to some of the best and most valuable sites as I get this going.  Thanks for you patience, and have a great day!

Upcoming Topics

• Foreclosures and Short Sales
• Bank Owned and Government Owned Properties
  
• Buying with Bad Credit and/or  No Money
• Sell Your Home Fast at the Best Possible Price
• Finding the Best Deals

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