Duane’s Real Estate Video August 20
“It’s a great day to be in real estate! Duane Beisner here… sales manager and a sales representative for ERA real estate. Duane’s Quote of the Day
A man can fail many times, but he isn't a failure until he begins to blame someone else.
-- John Burroughs
Duane’s Joke of the Day
A tightwad was convinced by a friend to buy a couple of lottery tickets. But after he won the big prize he didn’t seem happy. “What’s wrong?” the friend asked. “You just became a millionaire!” “I know,” he groaned, “But I can’t imagine why I bought that second ticket!”Duane’s Business Tip of the Day
A motivated person can go bankrupt several times over a lifetime and still end up rich.
Think about it.Darwin Award of the Day
(3 June 2009, North Carolina) Greensboro was inundated with four inches of pouring rain in two hours, stranding several cars on flooded roads. Rosanne T., 50, was not deterred. She hopped on her moped and drove to a convenience store where she "possibly had a beer," according to her mother, before deciding to blunder home through the storm. She phoned home to say, "My moped has two rubber wheels, Mom, I'll be fine."
North Carolina does not require a license to own a moped.
Ms. T. had acquired hers two years previously after a DUI conviction.
The Highway Patrol had blocked off several roads that were inundated with water, including Rosanne's path home. But she rode right past the officer and the barriers, lost control of her vehicle, and fell into the swollen creek below. The officer retrieved rope from his vehicle and proceeded to haul her from the water.
He then interviewed the woman, probably inquiring about her motivation for speeding through a roadblock during a flash flood. When the officer returned to his patrol car to call for assistance, Rosanne took the opportunity to escape--by jumping back into the creek!
The officer attempted to rescue her again, but alas, it was too late.
The victim's mother speculated that her daughter's motivation for jumping into a flooded creek was to rescue her drowning moped. "She loved that thing."
Duane’s Social Commentary
I am going to get a little political today. I found this article on the Heritage Foundation website.
The Age of Entitlements Must End
The latest Democracy Corps poll, performed by Democratic pollsters Stan Greenberg, James Carville and Bob Shrum, shows that by a 64% - 29% margin, the American people believe that things in this country "have gotten pretty seriously off on the wrong track." But nobody seems to have bothered to tell President Barack Obama who, on the second-to-last leg of a $4 million fundraising trip for Democrats, told a group of supporters in Columbus, Ohio: "Slowly but surely, we are moving in the right direction. We're on the right track." And that wasn't the most completely divorced-from-reality statement that the President made yesterday. Responding to a question about Social Security, the President insisted: "So here’s the thing. Social Security is not in crisis." Oh yes it is.The debate about whether Social Security needs to be fixed is over. The 2010 Social Security Trustees Report, released on August 5, shows that the program will run cash-flow deficits in both 2010 and 2011 due to the effects of the recession. Then in 2015, Social Security will begin to inflict massive permanent annual deficits on American taxpayers. And Social Security is just one of the Big Three entitlements (Social Security, Medicare and Medicaid) that is set to bankrupt our country. Unless major reforms are made, spending on just these three programs alone will consume all federal government revenues by 2052. According to the International Monetary Fund, over the next 20 years the United States will experience the second highest projected increase of all the G20 countries in health care and pension spending as a share of GDP.If we really want to get our nation back on track, one of our top priorities must be to end the age of entitlements. Under current law, Congress does not review and approve the level of funding for these programs annually or…ever. Rather, their expansion is on autopilot, fueled by demographic changes and rapidly rising health care costs. Unless major reforms are made, these entitlement programs will crowd out all of our other national priorities. The Heritage Foundation's Solutions for America chapter on The Entitlement Crisis recommends:Put These Programs on a Budget: Congress should set firm and enforceable budget caps for Medicare, Medicaid, and Social Security. Put these programs on a firm, long-term budget—say 30 years—and require Congress to review these budgets regularly. Triggers or other mechanisms should be deployed to enforce budget limits if Congress fails to act.Fix Medicare: Establish a new Medicare “defined contribution” system as we transition away from today’s costly and inefficient fee-for-service system. New retirees, just like federal workers, would receive a government contribution to purchase the health insurance that best meets their needs. The contribution, or “premium assistance,” would be capped but reviewed periodically. An individual’s contribution would be adjusted according to income and underlying medical condition.Fix Medicaid: Healthier families should be allowed into private health insurance with their share of Medicaid money. We need patient-centered care to give the disabled, elderly, and their families a say in the care and services they receive. Medicaid’s long-term care benefit must be transformed from an open-ended entitlement to an insurance-based model of private coverage as part of a general strategy to boost long-term care insurance.Fix Social Security: To boost savings, we need to include a system of voluntary personal accounts within Social Security. The system as a whole should be made solvent by transforming the remainder of Social Security to "real insurance," focusing benefits on those who really need them during retirement while strengthening the safety net for poorer retirees. Incentives such as removing payroll taxes for workers over the retirement age should accompany these changes.Increase Retirement Savings: Automatic enrollment, whereby workers are automatically enrolled in employer-sponsored retirement savings but allowed to opt out, should be expanded, and automatic IRA, a simple payroll deduction system that small businesses would offer to employees, should be created.President Obama told his supporters in Columbus yesterday that Social Security only needs "some modest adjustments in order to strengthen it." It is exactly this type of head-in-the-sand denialism that has caused the vast majority of Americans to believe that our nation is "pretty seriously off on the wrong track." Ending this country's entitlement mentality is not just an economic challenge, but a moral one. It is simply wrong to make unsustainable promises to today’s adults by shackling our children and grandchildren with crippling debt or heavy taxes.
Duane’s Real Estate News Americans Still Want to Own a Home
More than 72 percent of American adults say that home ownership is a part of their personal American dream, down from 77 percent six months ago, according to a survey for Trulia.com.About 23 percent said their attitude toward homeownership has grown more positive in the last six months, while 19 percent say they feel more negatively.Among those adults who are renting a home, 27 percent say they never intend to buy. Of the renters who do plan to purchase eventually, 68 percent said it would be more than two years before they do.The factors that would encourage them to buy now are:• Able to save a down payment, 47 percent
• Land a new job, 28 percent
• Interest rates stay low or fall lower, 27 percent
• Some other factor that persuades them that buying makes financial sense, 24 percent
• Get a raise, 23 percent
• Local real estate market stabilizes, 9 percent
Home Owners Becoming More Realistic Home owner confidence about the value of their home has declined in the second quarter, compared to the previous three quarters of this year and last, reports Zillow.com in its second quarter real estate market report.About 30 percent of home owners predict that values will increase in the next six months, down from 42 percent who believed that in the first quarter. More than 28 percent believe market values will fall in the next six months.About 34 percent of homes actually increased in value in the second quarter, according to Zillow, but only 24 percent of home owners say their own homes’ values increased.If they see signs of a recovering market, 5 percent of home owners say they are likely to put their homes up for sale.
"Home owners have become much more responsive to current market conditions than they were just two years ago, when a more typical reaction was denial,” said Stan Humphries, chief economist at Zillow.com. I need to say this again… this market right now is the BEST Buyer’s Market you or I will ever see in our lifetime. If you or anyone who you may know is looking to buy a home or sell a home anywhere in the world, let me know. I can help.If you are looking to make a move to real estate as a career, please shoot me an email or give me a call.
This is Duane signing off. Happy Trails to you! As always, I am proud to be an American. You can email me at duane.beisner@era.com... Or visit my website at www.rejedi.com.
“It’s a great day to be in real estate! Duane Beisner here… sales manager and a sales representative for ERA real estate. Duane’s Quote of the Day
A man can fail many times, but he isn't a failure until he begins to blame someone else.
-- John Burroughs
Duane’s Joke of the Day
A tightwad was convinced by a friend to buy a couple of lottery tickets. But after he won the big prize he didn’t seem happy. “What’s wrong?” the friend asked. “You just became a millionaire!” “I know,” he groaned, “But I can’t imagine why I bought that second ticket!”Duane’s Business Tip of the Day
A motivated person can go bankrupt several times over a lifetime and still end up rich.
Think about it.Darwin Award of the Day
(3 June 2009, North Carolina) Greensboro was inundated with four inches of pouring rain in two hours, stranding several cars on flooded roads. Rosanne T., 50, was not deterred. She hopped on her moped and drove to a convenience store where she "possibly had a beer," according to her mother, before deciding to blunder home through the storm. She phoned home to say, "My moped has two rubber wheels, Mom, I'll be fine."
North Carolina does not require a license to own a moped.
Ms. T. had acquired hers two years previously after a DUI conviction.
The Highway Patrol had blocked off several roads that were inundated with water, including Rosanne's path home. But she rode right past the officer and the barriers, lost control of her vehicle, and fell into the swollen creek below. The officer retrieved rope from his vehicle and proceeded to haul her from the water.
He then interviewed the woman, probably inquiring about her motivation for speeding through a roadblock during a flash flood. When the officer returned to his patrol car to call for assistance, Rosanne took the opportunity to escape--by jumping back into the creek!
The officer attempted to rescue her again, but alas, it was too late.
The victim's mother speculated that her daughter's motivation for jumping into a flooded creek was to rescue her drowning moped. "She loved that thing."
Duane’s Social Commentary
I am going to get a little political today. I found this article on the Heritage Foundation website.
The Age of Entitlements Must End
The latest Democracy Corps poll, performed by Democratic pollsters Stan Greenberg, James Carville and Bob Shrum, shows that by a 64% - 29% margin, the American people believe that things in this country "have gotten pretty seriously off on the wrong track." But nobody seems to have bothered to tell President Barack Obama who, on the second-to-last leg of a $4 million fundraising trip for Democrats, told a group of supporters in Columbus, Ohio: "Slowly but surely, we are moving in the right direction. We're on the right track." And that wasn't the most completely divorced-from-reality statement that the President made yesterday. Responding to a question about Social Security, the President insisted: "So here’s the thing. Social Security is not in crisis." Oh yes it is.The debate about whether Social Security needs to be fixed is over. The 2010 Social Security Trustees Report, released on August 5, shows that the program will run cash-flow deficits in both 2010 and 2011 due to the effects of the recession. Then in 2015, Social Security will begin to inflict massive permanent annual deficits on American taxpayers. And Social Security is just one of the Big Three entitlements (Social Security, Medicare and Medicaid) that is set to bankrupt our country. Unless major reforms are made, spending on just these three programs alone will consume all federal government revenues by 2052. According to the International Monetary Fund, over the next 20 years the United States will experience the second highest projected increase of all the G20 countries in health care and pension spending as a share of GDP.If we really want to get our nation back on track, one of our top priorities must be to end the age of entitlements. Under current law, Congress does not review and approve the level of funding for these programs annually or…ever. Rather, their expansion is on autopilot, fueled by demographic changes and rapidly rising health care costs. Unless major reforms are made, these entitlement programs will crowd out all of our other national priorities. The Heritage Foundation's Solutions for America chapter on The Entitlement Crisis recommends:Put These Programs on a Budget: Congress should set firm and enforceable budget caps for Medicare, Medicaid, and Social Security. Put these programs on a firm, long-term budget—say 30 years—and require Congress to review these budgets regularly. Triggers or other mechanisms should be deployed to enforce budget limits if Congress fails to act.Fix Medicare: Establish a new Medicare “defined contribution” system as we transition away from today’s costly and inefficient fee-for-service system. New retirees, just like federal workers, would receive a government contribution to purchase the health insurance that best meets their needs. The contribution, or “premium assistance,” would be capped but reviewed periodically. An individual’s contribution would be adjusted according to income and underlying medical condition.Fix Medicaid: Healthier families should be allowed into private health insurance with their share of Medicaid money. We need patient-centered care to give the disabled, elderly, and their families a say in the care and services they receive. Medicaid’s long-term care benefit must be transformed from an open-ended entitlement to an insurance-based model of private coverage as part of a general strategy to boost long-term care insurance.Fix Social Security: To boost savings, we need to include a system of voluntary personal accounts within Social Security. The system as a whole should be made solvent by transforming the remainder of Social Security to "real insurance," focusing benefits on those who really need them during retirement while strengthening the safety net for poorer retirees. Incentives such as removing payroll taxes for workers over the retirement age should accompany these changes.Increase Retirement Savings: Automatic enrollment, whereby workers are automatically enrolled in employer-sponsored retirement savings but allowed to opt out, should be expanded, and automatic IRA, a simple payroll deduction system that small businesses would offer to employees, should be created.President Obama told his supporters in Columbus yesterday that Social Security only needs "some modest adjustments in order to strengthen it." It is exactly this type of head-in-the-sand denialism that has caused the vast majority of Americans to believe that our nation is "pretty seriously off on the wrong track." Ending this country's entitlement mentality is not just an economic challenge, but a moral one. It is simply wrong to make unsustainable promises to today’s adults by shackling our children and grandchildren with crippling debt or heavy taxes.
Duane’s Real Estate News Americans Still Want to Own a Home
More than 72 percent of American adults say that home ownership is a part of their personal American dream, down from 77 percent six months ago, according to a survey for Trulia.com.About 23 percent said their attitude toward homeownership has grown more positive in the last six months, while 19 percent say they feel more negatively.Among those adults who are renting a home, 27 percent say they never intend to buy. Of the renters who do plan to purchase eventually, 68 percent said it would be more than two years before they do.The factors that would encourage them to buy now are:• Able to save a down payment, 47 percent
• Land a new job, 28 percent
• Interest rates stay low or fall lower, 27 percent
• Some other factor that persuades them that buying makes financial sense, 24 percent
• Get a raise, 23 percent
• Local real estate market stabilizes, 9 percent
Home Owners Becoming More Realistic Home owner confidence about the value of their home has declined in the second quarter, compared to the previous three quarters of this year and last, reports Zillow.com in its second quarter real estate market report.About 30 percent of home owners predict that values will increase in the next six months, down from 42 percent who believed that in the first quarter. More than 28 percent believe market values will fall in the next six months.About 34 percent of homes actually increased in value in the second quarter, according to Zillow, but only 24 percent of home owners say their own homes’ values increased.If they see signs of a recovering market, 5 percent of home owners say they are likely to put their homes up for sale.
"Home owners have become much more responsive to current market conditions than they were just two years ago, when a more typical reaction was denial,” said Stan Humphries, chief economist at Zillow.com. I need to say this again… this market right now is the BEST Buyer’s Market you or I will ever see in our lifetime. If you or anyone who you may know is looking to buy a home or sell a home anywhere in the world, let me know. I can help.If you are looking to make a move to real estate as a career, please shoot me an email or give me a call.
This is Duane signing off. Happy Trails to you! As always, I am proud to be an American. You can email me at duane.beisner@era.com... Or visit my website at www.rejedi.com.
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