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ProntoWash, an Eco-Friendly Car Wash
Here in Orange County we don't have enough rain water or local mountain springs to sustain our not so efficient population and lifestyle. I've heard that as much as 30% of the counties municipal electric bill is spent pumping needed water to us from other states. I'll get to the bottom of that sooner or later, but for now, it's obvious that there's a lot of waste and old school thinking going on.
This new car washing company uses 1 pint of water to wash an entire car. Yes! One Pint. That's one Ben and Jerry's Ice Cream, one glass of Guinness or two cups of $5 coffee from Starbucks. Quite a bit better than the estimated 782 pints of water that an average car wash needs to get the job done, don't you agree? read more... |
 Has the Real Estate Market Hit Bottom Yet? New home sales and rental prices were one of my first indicators.
New home builders are the first home sellers to drastically slash prices. Their homes are rarely priced incorrectly because they're a cash flow company and must keep the income rolling in or else they're sunk. They're ahead of the price curve because of their competitiveness and need to continually be selling. Last Sunday, the Orange County Register showed new home sales up 1.9%. Meaning that they've already bottomed out. Re-sales will be soon to follow.
Lease prices have ceased in their steady climb upwards. I've seen no leases that have been leased for more then their asking price and the majority are being forced to reduce in price in order to attract potential tenants.
The inventory of well priced homes is starting to shrink and it's now common for listing agents (represent the seller) to have multiple offers from aggressive home buyers just weeks after listing the home.
Government tampering will also play a part in the economies recovery at a much greater cost to our future, but if you were to only live another 20 years or so, I suppose it'd be a good thing.
The big banks are already swallowing up other lenders and capitalizing greatly like they have done repetitively in the past.
There are of course terribly challenging obstacles that lay just around the corner. Under pre-paired Baby boomers, run away inflation, endless and unaffordable wars, peak oil and the potential for a greater depression. So don't get too emotional about your next real estate deal! Live within your means, plan ahead and don't base your decision on the carpet color. |
