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Mar 23

 As many families are going back to basics and doing without excess expenditures, maybe it is time to take an honest look at cities requiring minimum sq. ft. requirements for new homes and minimum requirements for open space, etc.

Look at some of the older homes in the north end that people love and yet we can't build them today!  Even though I have not seen it in print anywhere, it is almost an unwritten law that if a developer tries to get a plat approved in Meridian that allows single family homes under 1,400 sq. ft. it won't get approved.  I remember when I first started with new home sales, they had plats allowing 900 sq. ft., then it moved to 1,000 to 1,100, etc.

Cities have increased landscaping requirements, open space requirements, larger lot sizes, etc. to the point that the developement fees and costs alone amount to about $35,000 in Ada County per lot!

Since I don't see that changing any time soon, it may be time for more condo plats consisting of entry level homes.  We don't really need any more high rise view condos downtown right now.  

Should the cities be the ones to decide if you have vinyl siding or not?  Should they dictate if the home is astetically correct or not?  Should they be able to say that only people that can afford a certain size home should be allowed to build a new home in their jurisdiction?  

I say absolutely not!  I am a firm believer in a fair market economy and know if people can afford something nicer, they will seek it out.  However, if they have to move to Melba or Middleton because they can't afford it here in Ada County and yet they drive to work tying up the interstate paying the money they saved on their homes on gasoline and vehicle upkeep and maintenance, did anyone really win?

What would have happened if the person that was allowed to build the one bedroom home I used to own while attending Boise State University wasn't allowed to have built it?  Would I have had to consider going to school somewhere else because I couldn't afford to live here?  Instead, that modest home allowed me a place to start and since then I have upgraded several times into my current home and rentals myself.

 

Jim Paulson, CRS, GRI - Owner / Broker - Progressive Realty Corporation

www.IdahoMLStours.com


Mar 19

I have just researched the market in the MLS for Meridian Idaho. With the new tax credits and incentives, it is a great time to consider real estate again.

Oct 24

Who knows how many more "Deals of a Lifetime" CBH will ultimately have; however Corey Barton has proven to be almost like a cat with nine lives and always seems to land on his feet.  While many builders are struggling, CBH has actually seen a 133%  increase in sales over last year accroding to an article in last weeks Business Review!

I know this promotion is also going to be successful for CBH because two of my Realtors have already written offers on homes for their clients. 

This promotion runs from October 24 - 26th.  It covers 200 Brand New Homes located throughout the valley in their communities.  They range in price and have a number of floor plans to choose from.

For a complete list of homes and prices, just email or call me.

Jim Paulson, Owner/Broker - Progressive Realty Corporation www.IdahoMLStours.com


Oct 12

Congrats to the winners of the election and thanks for stepping up to the plate in the leadership of the Ada County Association of Realtors.

Oct 09

With today's announcement of the 15% job reductions over 2 years at Micron (Idaho's largest private employer) how will that impact the local real estate market?

Oct 08

The Federal Reserve cut the key US interest rate by a full half point this AM.  Even China has cut their interest rates trying to stimulate their slowing economy.

Keep in mind that this rate is not directly tied to mortgage rates.  It does however have an immediate impact on short term money loans such as credit cards, home equity lines of credit, etc.

As Bank of America continues to be the white night of several institutions, it will be interesting to see how the next few years impacts them.  From what I understand, at least their acquisitions are being made via cash, not leveraged buyouts!

It will be interesting to see what the Feds do during their regularly scheduled meeting on October 28-29th.

What would a bank statement be these days without a disclsoure, so "The US Treasury Secretary, Henry Paulson, is no known relation to me, Jim Paulson". 


Oct 07

I just read an article of the top 25 appreciating markets in the United States and Boise, Idaho Falls and Kellogg all made the list in the top 20.

Oct 02

Enough about houses aren't selling already. The problem is we have too many homes on the market and too many people servicing the industry, the reality is that there were still 145 closings reported in the Intermountain MLS in September.

Sep 29

As the stock market tanks today, I am glad I own more real estate than stocks these days!

Aug 30

Class space sells out as Realtors rush to get this timely designation from the National Association of Realtors. Now that I have my designation, I see why their slogan is "EcoBroker is Education that Means Business and Makes a Difference"

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