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Tuacahn's "Les Miserables" does not Dissappoint

by Jeremy Larkin

Ok, it's time for a break from the monotony, doom & gloom of the real estate market to point out an absolute TREASURE sitting right here in Utah's Dixie. It is one of the perfect examples of why living here is so great! It is, of course, the Tuacahn Outdoor Ampitheatre & Center for the Arts.

For those who haven't been there, Tuacahn is located near the mouth of Snow Canyon State Park in Ivins, Utah ("St. George, Utah" for easy reference). Imagaine a 2000-seat ampitheare tucked up in a canyon below 1500' towering red sandstone cliffs....yes, it is amazing.

I just saw a sold-out performance of Les Miserables for the 2nd time this summer and was even more blown away than the first time! f you are familiar with the show, these 2 to the left absolutely stole the show as the characters they portrayed most often do in any casting of the program.

I've seen the show in London & Las Vegas and quite frankly, this was surprisingly comparable. My brother has seen it in even more venues and said the same. We ran into old friends now living in Huntingon Beach, CA who were absolutely mind-boggled at the setting & performances.

My brother & father were arguing about who should pay for the tickets. Many thanks to the winner (or loser) of that argument!

I'm going to make sure I see Big River before the season is out, (October 17 for Big River, the 18th for Les Mis). You should too!

 

What does $700 Billion Rescue Bill mean for Real Estate?

by Jeremy Larkin

Am I the only person who has been asking this: "What in the world does this $700 billion bailout MEAN?!?!?"

I have been patiently waiting for some kind of summary that actually makes sense (and that a lowly Realtor can understand) on this $700 Billion bailout deal. The National Association of Realtors released a fairly concise (2 pages) summary this morning which can be found at the link below:

 

(click here) Summary of Rescue Bill 

I am not even going to TRY to explain it all in this post, but I would be more than happy to discuss it in the comments area below, or by phone.

I think the real key idea for the real estate world is that the bill had provisions for the Government to buy "troubled" loans from the banks, which would in turn give the banks short term cash to #1 - stay in business so Buyer can #2 - continue to get loans. 

The Government would, in turn, be able to not only renegotiate interest rates with troubled borrowers, but potentially LOWER their princpal balances based on current market values. That is a bizarre thought, isn't it?

SOME IMPORTANT QUESTIONS:

1. Should troubled homeowners be able to get loan balances lowered while those who aren't in trouble don't? What do you think?

2. Is all this stalling just so McCain & Obama can avoid looking like idiots if the bill fails and they are elected President?

3. Does Nancy Pelosi just generally tick you off every  time she opens her mouth, or does she bring back warm memories of your childhood when your mother scolded you for using a cuss word?

 

 

What I do know is this: I SHUDDER to think of a world where credit was no longer available. At first I was prone to only think of home loans and credit cards, but now I realize that this would extend to student loans and more...YIKES! 

AT THE SAME TIME, we continue to see Buyers obtain financing for home purchases without jumping through (in my perspective) too many proverbial hoops, so it is hard for me to really believe that credit is on the brink of totally drying up.

Stay tuned......

Borrowing Buyers From the Future: A Real Estate Time-Travel Drama

by Jeremy Larkin

So a lot of people (see: "Sellers") have been wondering what the *$%! happened to their home equity and this crazy housing market in general, and for many months now I have been repeatedly put to the test of "describing" the status of the current housing market, which to fully explain requires some time travel.  

Well, yesterday in a Keller Williams sales meeting the Universe smiled upon me and gave me the gift I had been looking for....NO, not a week in Hawaii far from the foreclosures, short sales and general cry of pain I hear on a daily basis. Rather, a CARTOON depicting the history of the housing market and what led us to this deep, dark place called a....(shhh, keep this to yourself...)..."Housing Crisis."

**IF YOU HAVE ANY INTEREST AT ALL IN THE HOUSING MARKET, THIS IS FOR YOU. IF YOU HAVE LOTS OF INTEREST IN THE HOUSING MARKET, THIS IS REALLY FOR YOU. IF YOU WANT TO LOOK SMARTER THAN ANY OF YOUR FRIENDS, THEN THIS CLIP IS REALLY, REALLY, REALLY FOR YOU.**

So sit back, make sure the Flux Capacitor is calibrated, set the dial to the 'funk' of 1970, and enjoy 7 1/2 minutes of the absolute BEST explanation of this housing mess I've EVER SEEN, courtesy of John Burns, a Real Estate Consultant who spends his days analyzing housing data all over the country.

I WOULD LOVE to get some of your opinions on this clip...please feel free to comment below!

 

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Photo of Jeremy Larkin - The Larkin Group Real Estate
Jeremy Larkin - The Larkin Group
Keller Williams Realty
50 E 100 S, Suite 300
St. George UT 84770
435.767.9886
Fax: 435-359-5085

St. George Real Estate - Your premier destination for St. George,Utah Real Estate Listings, Home Values, MLS Search, REO/Foreclosure Info &  St. George Real Estate Statistics.  Serving St. George, Santa Clara, Ivins, Washington, Hurricane, LaVerkin, Toquerville & more! Specializing in REO/foreclosure properties, frustrated Sellers, First-Time home buyers, and Investors. Looking for the most LOCAL St. George, Utah real estate information available? Your search is over!