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Angie's Real Estate Corner

Blog by Angie Ridley
Flint, Michigan

Genesee Co. MI Real Estate and more.....A Real Estate Counselor makes the difference.

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Angie's Real Estate Corner

Spring Meeting April 20th 2007

Apr. 21, 2007
Categorized in: Real Estate Information
  I went to the Women’s Council of Realtors® Spring meeting Friday 4/20/07.  These approximate statistics were given:

            GM Paid Medical Leave         7000 people

            GM Job Bank                        8000 people

            GM Lay Off                           5000 people

            GM Union Officials                1500 people

                                                            21,000 people, paid non production people

             Toyota                                     28,000 total work force.

 How can GM compete?The spring meeting included an update from Bill Martin.  He stated any tax increases at this time scheduled for review are Real Estate friendly to the purchaser, seller and all involved in transactions. 

  He talked about the current infrastructures’ in our township and county governments.  Most infrastructures are still operating as originally built.  The infrastructures must change to accommodate growing public needs.  Infrastructure includes the way the governments are currently controlled and the taxation process.

Many people didn’t know the government was attempting to pass a bill that allowed property taxes to the same for 18 months after purchase.  The bill was voted down. The fear was, after 18 months the taxes would adjust out of control.   Another reason for the defeat was the transfer tax on the sale of the property would go up as well.