I like to share these documents with you to collectively look at the market throughout California. We are seeing strategic defaulting and increased opportunity within the short sale markets. The opportunity comes with the more streamlined process most large banks now have in place. These articles from numerous publishers and newspapers are surely supporting the efforts not only state wide, but nation wide! This is all great news on the recovery home front but what happens to our high end luxury market when the capital gains taxes and taxes on the wealthy begin to effect local Californians. I am curious how this market will be treated and potentially escape the long term effects of the higher taxes.
If you take a few minutes to read through this document below, I would enjoy having you leave a comment. The power of communication in business and on change is incredible!
Beyond the Headlines 8.3.10
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