Sunday, May 23, 2010

Always check the basement ( or crawel space)

Yes, it's dark and sometimes smell. But you must go in there.

I apologize the photo is out of focus, I was trying not to laugh! Below photo is taking in a crawl space, I was wondering why the hardwood floor in the family room sinks a little. If you are not sure what you are looking at, the "blue" seems to be supported by bricks, one of them had already give up and see the two 4x4 support above ... not sure what that does :-)

Nothing interesting ... just leak
below basement shows that owner really did try to fix the bowed wall. But the water is still seeping in, I think it's because downspout problem.

Monday, March 1, 2010

should be an intresting April for 1st time home buyer.

As most of you know about the The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase. The deadline is April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.

I do see more people starts to bid up the price (good area not a bad investment), kinda remind me of 2004-2005. Which is kind of crazy because some of them will probably later realize it's not their "dream home". Picture is worth a 1000 word so here goes one of my favorite site


Other articles on cost of home ownership:

Get Rich Slowly (from 2007) the data is little dated but great reference.

Q4: Homeownership Rate Declines to Early 2000 Level homeownership and rental vacancy rate graph

Is it better to buy or rent NYTimes

Equifax's reported more than 8 percent of homeowners were behind 30 days or more on their mortgage loans, up 4.4 percent from December 2009 and 21 percent from last January. Let's hope the dip is due to xmas shopping.

Tuesday, January 5, 2010

nothing new home sales in November tumble

The number looks bad...probably due to the winter season in most of the U.S.

The data on contracts follows a recent government report that new home
sales plunged 11.3% in November. Experts said the November drop in home
contracts and in new home sales reflected a falloff after a surge in activity as
buyers rushed into the market to take advantage of the tax credit before its
initial expiration Nov. 30. Congress in November extended that credit through
April and expanded it to include a $6,500 incentive for some buyers who already
own a home.