Archive for February, 2011

Why build a new home?

February 26th, 2011

It’s hard to imagine that spring is just around the corner when the only views available are out of a  second floor window.    Yet, we’re only a week away from the kickoff for the Parade of Homes’ Spring Preview.  The newest, latest and greatest stuff will be featured in a tour of 340 new homes. Read the rest of this entry »

What can you do when your home mortgage is underwater?

February 23rd, 2011

I may be looking for volunteers to help me fill sandbags in the near future.  We decided to trade our camper living for a cabin this winter.  It’s in a flood plain as it sits on a pretty level lot on the shore of Lake Tetonka in the heart of the southern lakes region, Waterville, MN.  The Cannon River runs through Tetonka and I read in the paper today that the southern 2/3rds of Minnesota is at risk for record breaking floods this year.   We mailed our check off to FEMA for flood insurance a couple of weeks ago and I sincerely hope we don’t need the coverage.  In our case, being underwater would be a temporary imposition.  For many, it has far reaching and long term consequences. Read the rest of this entry »

Tips For a Successful Spring Selling Season

February 16th, 2011
Paul Douglas says that the temperatures are about to rise and the snow is about to melt in earnest.  With Christmas back in the box and the Super Bowl over, the spring market is about to kick into high gear.  I thought it might be important to brush up on some tips to insure a successful spring selling season. Read the rest of this entry »

Waiting Might Cost More, Take Action Now!

February 7th, 2011
My wife thinks we should build our new house now, but I think we should wait a year until we’ve accumulated a bit more cash. We’re going to have to write a check to get out of our current home. I think we should just wait and see what will happen for a year.  What do you think?” It’s a variation on a question I hear just about every day now. Read the rest of this entry »

Mortgage Interest Tax Credit

February 2nd, 2011


I got my mortgage interest statements in the mail this week and this weekend, I’m going to sharpen my pencil and get to work on my taxes. If the President’s National Commission of Fiscal Responsibility and Reform has its way, I may not be able to take the deduction in future years. In a draft proposal released on November 10th, the Commission recommended that the mortgage interest deduction either be eliminated all together or drastically reduced. This deduction has been around since 1913.

We all know we have an out of control Federal budget deficit. It’s equally true that most people have tightened their belts to the last notch. Somewhere, something has to give. But is this a wise course of action?