TO WHOM IT MAY CONCERN: PLEASE ENJOY THIS OPINION FROM ONE OF THE BEST MORTGAGE PEOPLE IN SOUTHERN CALIFORNIA Don't forget, SoCal is the cradle of the mortgage industry and was rocked beyond belief in past years! Friends and Clients, I am asked daily about my thoughts on the “bailout bill.” Being in the mortgage industry, and working with many of the banks that people are reading about, I wanted to share what I have already shared with many. I believe that the “bailout bill” is a quick fix – and this is both good and bad. America depends on credit. We need to restore credit to individuals and businesses. Many great businesses have been impacted by the rising cost of credit. With that being said, I believe that credit should be extended to those that can repay the loans. Too many borrowers borrowed money without the ability to repay. Much of the lending that put America in trouble occurred in the mortgage market. Home ownership is a great goal. Offering everyone the opportunity to own a home is a noble concept. Extending home ownership to all people, including individuals not qualified to repay a loan, is a disaster. From my side of the desk, I have an abundance of lenders willing to lend money to qualified borrowers. My business is good. I hear from many buyers and people looking to refinance each week. Make no mistake, many loan programs are gone. Some programs that would have made loans to willing and able borrowers are gone even though they were good programs lending to good borrowers. Down payment requirements have increased, affecting good, moral borrowers. Most of what is missing, however, are the loan options that did not fully consider income, credit scores, or down payment. Looking long term, I believe that America will rebound and prosper in spite of this setback. America is a great, innovative nation. It is easy to be good. It is tough to be great. While the world longs for the opportunities we have in this country, America is often hated for those very opportunities. America will figure out how to overcome this challenge as it has figured out how to overcome previous challenges. We are a great nation with an excellent work ethic. I have attached an interesting article detailing some of America ’s previous difficulties and the press articles that painted our country as doomed. Enjoy the reading, and as always, I am here to help with any mortgage questions or needs. It’s A Good Life! David Averell Loan Consultant DAVE FINANCIAL MORTGAGE CORP. 49 Downing Street Ladera Ranch, CA 92694 (949) 218-7075 Direct Line (866) 394-8746 Fax Line dave@davefinancial.com www.davefinancial.com |
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TAX TIME IS COMING - SEE BELOW A Double Dip on Computer Savings! Check with your accountant if you can still take advantage of this tax savings.. . $$$$$$$$$$$$$$$$ If you are considering the purchase of computer hardware or software and can manage to do it this year, you will want to know this information. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 offers businesses a last chance to reduce taxable income by affecting depreciation. It raises the bonus depreciation from 50% to 100% thru December 31, 2011. This means that the cost of qualified equipment can be written off 100% in the year of purchase. It is important to note it drops back to 50% after 12-31-2011. This rule applies to any computer equipment and off the shelf software. For example: if a company's income before bonus depreciation was $50,000 and the eligible equipment purchased had a cost of $25,000, bonus depreciation would reduce income to $25,000. This is a perfectly legal way to save a LOT of money on taxes! With the new advances in technology, businesses can use this tax advantage to upgrade their entire network, from their server, desktop computers, or even their backup systems. This is also a good time to invest in products like Office 2010, upgraded anti-virus and anti-malware programs and so much more. Many businesses are unaware their current servers are no longer supported with upgrades. This leaves them in a very precarious position when it comes to protecting the most critical asset they own.....their data! Most IT vendors and manufacturers offer really incredible rebates and discounts on equipment towards the end of the year in a last ditch effort to improve annual sales. If you are going to need a network upgrade in the near future, you can get better deals on software and equipment right now, AND you can also get the tax savings making this a double dip on saving money. To make this an even sweeter deal, Biz-Net is offering local businesses the first 3 months free of their signature service ‘Stress Free IT’ with a one year contract. This offer applies to businesses who upgrade their network server before December 31, 2011. Please call or email us today for a no-obligation quote. info@www.Biz-Net.com or 775-850-7700 Keeping IT All Working with 'Stress Free IT' Services 100% No Questions Guarantee www.Biz-Net.com (Check out our Blog! www.Biz-Net.com/blog ) |
| National News CRE Price Index Sees First Year-Over-Year Gain Since 2008 By Randyl Drummer CoStar's monthly National Composite Index of commercial real estate prices increased 2.2% in October from the same period a year ago, the first year-over-year improvement since the economy took a sharp downward turn in 2008. The solid recovery of investment-grade property prices and the continued decline in distressed sales volume spurred the growth in commercial property pricing, lifting the index to an impressive 1.8% gain in October from the previous month and continuing... » Bank Bookmakers Ready To Take Wagers on CRE Stock Prices » Storefront Loss Equals Warehouse Gain » SAFE BET? Recovery Favors Some U.S. Casino Markets Over Others Inland Empire, CA News Moreno Valley Industrial Trades for $46.6M Clarion Partners purchased the industrial building at 16850 Heacock St. in Moreno Valley, CA from TA Associates Realty for $46... » Sycamore Industrial Park Bldg B Sells for $2.3M » Fontana Industrial Trades for $1.7M » Market Trend: Inland Empire's Industrial Vacancy Decreases to 7.7% Add your for sale or for lease property today. Get the Inland Empire, CA brokerage community working for you. See contact information below. BLAZING NEW TRAILS UGL Services Signs Multi-Year Agreement with CoStar UGL Services, a global corporate real estate firm focusing exclusively on the business-space user, expanded its subscription to CoStar's commercial real estate information services. In doing so, UGL also gained access to CoStar's powerful new iPad app, CoStarGoâ„¢, for its advisors. Under the new multi-year agreement, all 27 U.S. offices of UGL... YOUR PROPERTIES CoStar is where Commercial Real Estate Professionals find information on buildings in the market. Will they find yours? As the nation's leading provider of commercial real estate information, CoStar Group provides brokers with a more complete picture of the for-lease and for-sale opportunities within the market. Listing your available space and for-sale properties in CoStar is the best way to promote your listings to a wide audience of brokers precisely when they are searching for opportunities in the market. We proactively collect and research the data, which ensures subscribers in the market see information that is more up-to- date. And updating your listing with one of our research associates takes only a few minutes. Don't let your buildings be overlooked! Add your listings today. Call your CoStar research representative listed below or call 1-800-613-1303, option 1. For more information about CoStar Group, please visit our Web site at www.costar.com |