Special offer

Another Day in Paradise

By
Real Estate Agent with Craig LaMar, Real Estate Consultant

I'm scrabbling today to enhance my cash flow for the next 6 months. LOL. Listening to the news of the $85billion stop gap loan put in place for AGI....well, my problem seems miniscule. Maybe they would slide 50K my way and we could rock on for the next 12 months. Gee that's like what % of 85billion? (I was going to calculate it, but my calculator can't go above 850,000,000). And that outrageous 11.5% rate looks reasonable compared to that 18% on my credit card. Guess it depends on where you are looking from........

My buyers are waiting. For what, I don't know. As I told them today, the rates are the best they are going to be this year and there are so many homes available from which they can select. My sellers are anxious, and I'm telling them if they really need to sell, they are going to have to drop their prices another 5 to 10 percent. (Yes, we are in a very stable market). If they don't do it now, the market will do it for them in a few months. 

It was a wacky Wens and I know Thursday will be Thrilling! Another glass of Sweet Tea please!

Hang In 

 

Ellie McIntire
Ellicott City Clarksville Howard County Maryland Real Estate - Ellicott City, MD
Luxury service in Central Maryland

I wonder if the 6 and 7 figure execs are going to be taking a pay cut or living high on the hog on our money?

Sep 17, 2008 12:44 PM
Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri 314-775-2050 - Des Peres, MO
SelectAnn.com

Craig,

I think I will join you with my Long Island Iced Tea!  And I would also go for the 50K. 

Watch the executives at AIG will get a bonus!

Ann

Sep 17, 2008 12:45 PM
Steve Hoffacker
Steve Hoffacker LLC - West Palm Beach, FL
Certified Aging In Place Specialist-Instructor

Craig,

It looks like you take you sweet tea with lemon, is that right or just the picture you decided to use? Here's to Thursday.

Steve

Sep 17, 2008 12:59 PM
Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239
Real Estate One - Commerce, MI
Michigan homes for sale ~ yesmyrealtor@gmail.com

Too much sweet tea for some people gives them kidney stones.  But enjoy

Sep 17, 2008 01:09 PM
Anonymous
Sweet Tea aka Craig LaMar

 

Hey Ann.....those Long Island teas are great too. And Steve...I've done a video "Craig Makes Sweet Tea" which I'm posting to FaceBook and YouTube this weekend. This is a photo of the finished product with lots of lemon....

OMG, Russ...I've got a sudden sharp pain  : )  And Ellie, it's not just from the goodbye gifts those AIG execs will get..............

 

Sep 17, 2008 02:21 PM
#5
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

The financial news this week, certainly warrants wanting to take a break and drink a little iced tea.  Whew!

Regarding Ellie's question about the 6 and 7 figure executives taking a cut - Don't bank on it (excuse the pun).  Executives rarely bleed, when there is blood in the hallways of their institutions.

Sep 17, 2008 02:37 PM
Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri 314-775-2050 - Des Peres, MO
SelectAnn.com

Craig,

A couple glasses of wine might be good too???

Ann

Sep 18, 2008 01:26 PM