Posts by: southernutahdevelopment
Utah is the “Reddest State” in America according to Politico
Utah is the Reddest State in America according to Politico with 62% Republicans vs. 26% Democrats. Here is the link… http://www.politico.com/gallery/2013/01/10-bluest-reddest-states/000764-010900.html
Minnesota’s Snowbird Tax
“Spend most of the year in St. Pete, pay the government in St. Paul.” Apparently, Minnesota Governor Mark Dayton, wants to tax the snowbirds even if they are no longer legally state residents. Here is an article from the Wall Street Journal http://online.wsj.com/article/SB10001424127887324329204578271720286958796.html?mod=googlenews_wsj
The Housing Crisis-Where’s the “Perp Walk”?
Real Estate Weekly: On today’s show we try to understand the outrage that has spawned movements like “Occupy Our Homes” and why so many of us are impatiently waiting for prosecutions of bank executives which are usually highlighted by the “Perp Walk”. Real Estate Weekly discusses the various “actors” in the housing crisis, including the
Rental Markets-A Bright Spot?
I have noticed many investors on the “courthouse steps” increasing the rental property portfolio. Check out this article from CNN Money regarding the rental market as a bright spot in the real estate market … http://money.cnn.com/2011/08/30/real_estate/rental_property_investing.moneymag/index.htm
What is working now? “Spec Home” building revisited
During the 2011 SUHBA Parade of Homes, I felt quite certain that if I had built 3 additional homes just like the parade home, I could have sold those too. (The parade home went under contract several weeks PRIOR to the home show.) We have noticed an ever increasing trend in the Saint George Utah New Home Market where home builders are being forced to
BofA to Sell $880 Million in Commercial Real-Estate Loans
B of A has of late been lightening their load of real estate assets. Here is the latest from B of A from the Wall Street Journal…. http://online.wsj.com/article/SB10001424053111903791504576587083202130562.html
No Country Leans on Upper-Income Households as Much as U.S.
Scott Hodge of the Tax Foundation states “the U.S. has the most progressive income tax system among the industrialized nations”. Here is a link to the article and a very interesting chart that shows all the major industrialized nations THAT RANK BELOW US. Check it out Here
Real Estate Investors on the Rebound
Real Estate investors are no longer in the dog house. This from the New York Times http://www.nytimes.com/slideshow/2011/04/06/business/20110406-housing.html
End of Hamp?
Some updated video discussing the congressional vote to abandon the HAMP program which has been an abysmal failure and discussion of a “double dip” in Housing.
The Foreclosure King is behind on his rent
Here is an interesting article released by the Associated Press on David Stern. For those who are unfamiliar, David Stern is the infamous “Foreclosure King” who owns a Florida law practice specializing in foreclosures that some label as a foreclosure mill. It is reported that the rent on Mr. Stern’s law practice headquarters is late…
