There seems to be a lot going on. People running for office, the Chamber of Commerce drawing for $500 was today and Todd and Melodie Randall won, plans for a jazz festival on Oct 18, and a tough real estate market.
I just got off the phone with one of my clients telling him his property has depreciated to about 50% of what he is asking for it (and he has a 90% mortgage on it). Not good news another client, who had her listed with me for $122,000 3 years ago now it is listed for $89,500. We just turned down an offer for $75,000. There are buyers out there, but not at 3 year ago prices. It is more like 7 year ago prices. There are some good opportunities out there (see http://www.timpeary.com/). You can make a sensible buy today.
There seems to be some softness in the residential rental market too. That may just be due the end of the summer and be beginning of the school year. I have some attractive rentals now (1 bedroom 1 bath modern apartment for $525 per month// 3 bedroom 2 bath house (a little rough) on a big shady lot in town for $650 per month// a 2 bedroom 1 bath cabin on 3 acres for $750 per month).
My horse Link is doing well. He enjoys most of all being hosed off and eating pears from our old hard apple tree. I usually apple him after dinner and change is water so it is nice and cool. It is nice way to end the day.
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