This is the best article I've seen that lays out the problems that the Federal Government is causing because of its meddling in the mortgage industry. Dina ElBoghdady explains why credit requirements have gone up, why the housing market is so sluggish, and why the recovery will be slow.
Click here to read the article
On a separate note, I just dropped a little over $12,000 into a rental property that had been pretty messed-up by some prior renters. I am now hiring a Private Investigator to check backgrounds of all my potential renters. Some of the money was for deferred maintenance - exterior house painting for example - and some vandalism that occurred. But the majority of it was for things that the renter did like swap out a toilet - cram toys down the other toilet so badly it had to be replaced, repaint the entire interior because a little monster had drawn all over it with crayon, replaced the filthy carpets (they could not have vacuumed...) and a host of other things.
So, I am back now, and will hopefully be contributing a bit more frequently to your knowledge and perspective on the valley housing market.
Have a great day!
Tim
#RealEstate #Avondale , #Goodyear , #Buckeye , #Glendale, #Phoenix, #Surprise, #Peoria, #Tolleson, #Laveen, #Waddell , #Wittman
