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Information You can Trust about Lake Tahoe and Us. Tue, 14 Oct 2008 22:18:13 +0200 Got a new Escrow today… and a new offer.We got a new escrow today, yea!. It’s one we’ve been working on for the last 2 weeks. It’s on the Stateline, NV side of our market. We also got a new offer on the South Lake Tahoe, CA side of our market today as well. It’s for 96% of list price on a house that’s been on the market since May. The Seller may turn it down, or drive the buyer away, which will be most unfortunate. Sometimes we have to go to extraordinary lengths to try and get folks to realize we’re doing everything we can to help them. We can’t bear it when a Seller makes choices that cost them real money. Sometimes though it sometimes just doesn’t work. One can not help another who is unwilling to help themselves. We’ve also got a buyer coming in this week from Indonesia. He has purchased property from us before. Wise, an attorney, he’s coming in to take a advantage of our current buyer’s market condition. Mon, 13 Oct 2008 22:37:33 +0200 What a difference a Day Makes: a little Confidence Restored.The Dow just closed up 936.42 points, the largest increase in the history of the US stock market. And we all needed it. The NASDAQ closed up almost 200 points, and the S&P jumped 105 points as well. This is not to say that our financial sector is out of the woods yet. Most economists warn that we aren’t. There will be more ups and downs soon to come in the stock market for sure. (read all about it here) But today’s wall street activities do suggest at least one thing; last weeks declines were likely heavily influenced by fear, ok panic, and institutional selling automatically set at specific points. What’s good for us, and we’re sure it’s for you too, is that our families got some needed relief. Our parents are in their 80’s, and they have worked all of their lives to save for me and my brother. Save, actually, is an understatement for them. Last year our father quit the country club… because he didn’t want to incur the annual fees anymore. We didn’t agree with that, but he thought that would be better for us. That’s just one example of our parents dedicated frugality. A modest, but meaningful estate has accumulated from all of the others. Depression children, our parents are, and we’re better off for it. By a landslide. One of the great things that did happen today is they got a little relief. The thought that their life’s work to make things better for us has been compromised is simply to much to bear. It’s not how much that’s so important; what is is that they have peace in what they accomplished. A career US Army officer, and a career homemaker of consequence, they deserve that. And its our bet that you and yours have the same story to tell. A life fulfilled, and a day of relief of fear that questions it, is what we are talking about. Pay attention Economy. Take heed Financial Sector. Go away Greedy Executives… and all of your golden parachute excesses. And you blind deregulators, and incompetent politicians too. You’re dealing with good families, the heart and soul of our country, and setting us back on our heels just won’t do. Now lets get back to work. Along with this good day, tremendous opportunity abounds here in South Lake Tahoe to make a safer investment than the current stock market. Call or email us, we’re here for you when needed. Sun, 12 Oct 2008 19:53:31 +0200 History Says It May Be Time to Invest.Usually what happens when the stock market goes down is people invest in real estate. And normally during a real estate decline, reduced prices make for great opportunities and healthy investments. That is particularly true in South Lake Tahoe right now. With that said, it should be very interesting tomorrow. All of us would enjoying having a good day. As background for it, and being optimistic as well, here’s what today’s New York Times Article by Alex Berenson says, "since the Depression, governments have become far more aggressive about intervening when credit markets seize up or economies struggle. And those interventions have generally succeeded. The recessions since World War II, while hardly easy, have been far less painful than the Depression." Berenson continues, "now some veteran investors, including G. Kenneth Heebner, a mutual fund manager who has one of the best long-term track records on Wall Street, say that the sell-off has gone much too far and stocks are poised to rally powerfully if the downturn is less severe than investors fear." (Read entire article here.)
Thu, 09 Oct 2008 20:35:49 +0200 We don’t ever want to see a Monday like that again… but the good news is it hasn’t changed South Lake Tahoe demand or opportunity!
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