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Monday Mattoid Musings
June 30th, 2008 categories: Monday Mattoid Musings, Real Estate News
Definition of mattoid : Nobody is ever partly pregnant, but what about being semi-insane? If you know an unhinged genius, borderline psychopath, quirky monomaniac, extreme eccentric, deranged philosopher or restless crank, you know a mattoid. The mattoid is not quite around the bend but always has the turn signal switched on. From an Italian word for “insane”.
Woo hoo…here it is. Another Monday in Center of the Universe, aka Charlotte, NC. Weather is plenty warm, but actually not bad for practically-July. Here are a few of my Monday Musings (real estate related and otherwise):
Ok, first of all, can the airline industry be more messed up right now? Seems they are screaming that they can’t make money, don’t seem to care about customer service, etc. etc. Yet I traveled this week and every flight on every leg was slammed full. I know, it’s summer vacationers, or at least so they say. There just seems to be this sense of “…don’t bother me, we will probably be bought or merge with someone soon, and it will change anyway..” mood among employees. Not sure that I blame them, though.
I was supposed to arrive back in Charlotte at 8:41 pm and actually got here at 2:15 am. Was in bed by 3:30 am. That was fun. One more last vent on this – what is up with charging for any checked bags? Is it just me or didn’t the airlines used to complain constantly that passengers were bringing WAY to much carry-on luggage and WANTED us to check it? Of course, now in our post-911 travel scenarios, checked bags in security means more hassles in the security lines. This will make security better? I don’t think so… Here’s my armchair-airline-CEO solution – raise all the ticket prices by $10, then give everyone a discount of $10 if they don’t bring any carry-on baggage except briefcase and purse.
Here is my real estate advice for the week – BUY NOW !! I’ve seen it and heard it from numerous other agents. It seems that buyers are hesitating about making a purchase right now. There is a big fear that they will buy, then home prices will drop, and they will be left holding the bag. Speaking only for the greater Charlotte market, and that includes Cabarrus, York, Union, Lancaster Counties, etc. our prices are very stable and have been for a while. No doubt the market is slow, but slow means something different. Our prices have not dropped significantly if at all. Houses are sitting on the market longer, but the selling prices remain strong
Yes, if you only plan to buy today and sell in one year, then chances are you will struggle to see a financial gain. Unless the market is steamy hot, that is almost always true in normal markets. Today interest rates remain at near record lows. A buyer, right now, can go out and find a great deal on many homes. A great deal doesn’t mean getting 50% of asking price (although of course that is a great deal, but not too realistic). A savvy buyer today can take their time, research and view homes and find a great home at a good price. While there is never a guarantee, chances are that home will appreciate in value quite nicely. I happen to know a great realtor who can help you with this….
Speaking of home prices. Let me know if you want an update sent to you regularly on home sales activity in your area. I have a great new tool that lets me set you up, then you will get a report every so often. You can determine what “every-so-often” means. And like I ALWAYS say – no obligation, no pressure. Just good solid information. You will see more about this soon here. Still a few technical difficulties with my blog (more on that this week). Stay tuned….
Happy Monday to ya….