Melanie's World
Blog by Melanie McLane
Jersey Shore, Pennsylvania
I will share my views and experiences on key real estate industry topics - agency, appraisal, and ethics. I welcome your comments. SubscribeRecent CommentsArchiveRealTown BlogsSite Feed |
Melanie's World
Mar. 11, 2008
Categorized in: Brokerage and Agency
Yesterday was a political junkie’s dream come true. We had massive chatter about what to do about Michigan and Florida’s mishandled primaries; we had Eliot Spitzer get caught with his pants down (sorry, I couldn’t resist), and Silda Spitzer singing “Stand By Your Man” (she must have taken lessons from Hilary Clinton). Of course, we also had the spectacle of what happens when the geeky brainiac girl thinks the hot jock will actually go to the prom with her, as demonstrated by Barack Obama’s emphatic statement to the world at large, and particularly, Hilary Clinton: “I am not running for Vice- President!” As a Pennsylvania resident, it is both amusing and bemusing to find out that after a 30+ year hiatus, my state will ‘count’ again. And, as I look at the mess in Michigan and Florida, caused by the Democratic National Committee and Howard Dean, I’m reminded of Will Roger’s quote: “I don’t belong to an organized political party; I’m a Democrat.” This is to the backdrop of Al Sharpton singing his theme song of “It’s Not Fair”. The idea that the voters in these two states should shoulder the cost of another primary is absurd. For whatever reason, the Democratic leaders thought Iowa and New Hampshire were sacred cows when it came to early primaries and no other state should mess with that. I guess they missed the day in Civics class when the teacher covered states’ rights. All of these demonstrate the strong need for one national primary day, get it counted, get it over with, and let us move on.
However, as a REALTOR®, many thanks to the Democrats, the primary process and Mr. Spitzer—you have kept the media’s attention away from real estate. This is a true blessing, because when the talking heads start to chatter and bobble, they can talk themselves into just about anything.
I just did an ePRO seminar yesterday in Westchester County, New York. I asked the students: “How’s your market?” Remember, kids, real estate is LOCAL, despite what those folks on TV would have you believe. One student said her company sold more in 2007 than in 2006, and she is ‘very busy’. Another student said it was ‘slow, but not as bad as some times’. Yes, there are pockets of the country that are hurting—the overbuilt places, the ones where they took double digit property inflation as a given, and the pockets where the local economy is bad. And, it isn’t over yet. But—there are some real bargains out there in real estate land, and some buyers are beginning to wake up to that.
In the meantime, I have fervent hopes that politics and sex will continue to distract the media from our business, real estate.
Melanie J. McLane, ABR, CRB, CRS, ePRO, GRI, RAA, SRES, 32 year veteran of the real estate industry. Offering training, speaking and consulting throughout the industry, I teach everything from ABR to USPAP. Certified ePRO Instructor. To contact me, email me at: melanie@TheMelanieGroup.com or visit my website: www.TheMelanieGroup.com
Jan. 19, 2008
Categorized in: Brokerage and Agency
My state legislature (Pennsylvania) is currently kicking around a number of ideas for property reform, including an amendment to the state constitution outlawing the use of real estate taxes to fund public schools. Apparently, the $1 billion dollars Governor Rendell promised we would get from slots and use for schools hasn't quite materialized. In some parts of the state, school taxes are quite high--several thousand per year. The spending per student varies widely, from as low as under $2000 per student per year to over $21,000 per student per year. It sure doesn't look very equal. We have 501 school districts in Pennsylvania, each one ruled by a local school board. The persons elected to school board range in intelligence, talent, and dedication from Moe and Curly to the caliber of a Andrew Carnegie, or possibly a Henry Ford. Some folks manage to get themselves elected to school board to right an old wrong (real or perceived), get their family members jobs in the district, or just grind another axe. A product of what was then, and still appears to be, a fairly decent public school district in Pennsylvania, I went on to college and majored in English Literature. It is my study of literature, and Charles Dickens in particular, that causes me to cynically say that I cannot ever envision my state (or any other state) eliminating property tax as a source of revenue for anything. Various Dickens characters, including some in Great Expectations referred to 'portable property'. Portable property was, and is, just what it sounds like: property you can move around with you. Easy to conceal in many cases (some extremely valuable items, like gems and precious metals are quite small), and therefore hard to tax. Real estate, on the other hand, is really hard to hide. I'll never forget a great story I got from a student in an appraisal class several years ago. As an icebreaker exercise, I told everyone, as they introduced themselves, to finish this sentence: "The weirdest thing I ever saw while doing an appraisal inspection was...." Well, the weirdest thing for Phyllis Riccadonna, from Elk County PA (if you don't know where, it's at the end of the world--turn left), who went out to do an inspection and couldn't find the house. She searched and searched, finally asking a man sitting in (what else?) a pick up truck next to a metal storage building where so-and-so's house was. "Right here" he replied, taking her inside the metal pole barn, where a complete ranch home was located. "I'm not paying taxes on a house" he asserted. Well, the roof on that place would probably not wear out...and it might be great house for someone who works third shift and wants darkness at noon...but back to the point--real estate is just too darn attractive for taxing bodies. It's there, it can't be hidden, ownership records are for the most part public--it is a tax collector's dream. So, although I'm watching the debate in my home state with interest....I don't think it has a 'dickens' of a chance.
Melanie J. McLane, ABR, CRB, CRS, ePRO, GRI, RAA, SRES, SRS, 32 year veteran of the real estate industry. Offering training, speaking and consulting throughout the industry, I teach everything from ABR to USPAP. Certified ePRO Instructor. To contact me, email me at: melanie@TheMelanieGroup.com or visit my website: www.TheMelanieGroup.com |
