Democrats and RINOS Looking to Repeal Prop 13

I'm not so worried about the financial problems... they should be able to figure that out... it's called cut the spending. Instead of declaring "financial disaster" and killing the state employee's salaries... use the same stance and cut the "big ticket items"... like education, health & human services, and other piglets suckling at the pig until things get better.

Repealing the California constitution and re-enacting a new constitution is an end-round for 2 major defeats the liberals have had:

Proposition 8 - Banning Gay Marriage in California
Proposition 13 - Locking Property Taxes at 1% of original purchase price of the property

For years, the Libs have been trying to repeal Prop 13, blaming it for all of their financial woes in the state, yet spending has increased 80% in the last decade, and Prop 13 has been there for a long time... we don't have a revenue problem, we have a SPENDING problem.   California spends something like 25 times the average state's budget... and enormously larger than Texas, Florida, or New York, all of which are close in size.

A little December Snow!

Every now and then... a little snow in Granite Bay!

December 7, 2009

Finished Real Estate Class 2009-5 Today

Completed Real Estate Class 2009-5 today, with 3 new agents joining the Better Homes Realty team.

Class 2009-5 is scheduled for completion next week, adding another 4.

Granite Bay Market is Tightening

We are running out of inventory... no doubt about it and there is still a gap between willing buyers & what existing potential sellers would want for their home..

As of today, there are 17 active listings in the Granite Bay, California zip code, at any price. Obviously that is subject to change, and does daily, but about a year ago there were nearly 200 - mostly foreclosures.

With the banks winding down their REO inventories, we can expect a few things to happen:

1.) A lot of asset managers will be looking for a new line of work (I actually like asset management people, but if there are no more REO's... )

2.) Prices are going to increase. Lack of supply compared to demand means prices go up.

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