Reno Real Estate Logic

Two of the Reno City Council members have recommended defaulting on $73 million in bonds that they approved to build the “ballroom” and the “events center” and this is unbelievable. The logic is to avoid paying a hefty $125k per week on the interest. The other option is to give control of the secured property [...]

The Reno Housing Authority has been given or granted the opportunity to start purchasing foreclosed homes with the $5 million dollar federal money that has been allocated to Washoe County.
The focus of the Housing Authority is to purchase, fix up, re-sell or lease these homes so that the neighbors and hoods will be protected. The Reno City [...]

It’s on hold, The Waterfront project, a $150 million dollar river front project that has been geared to be a 34 story building with shops, restaurants on a 3.5 acre parcel. The news is that the owner Nello Gonfiantini III wants to lease out a space for a restaurant and let the project grow from there.
Downtown [...]

 Here’s a marvelous video musical message for the holidays which circles you around the globe. Let’s make a difference this coming year in someone’s life…
Check it out. Too cool.
http://www.youtube.com/watch?v=Us-TVg40ExM

Another scam hit the press today, in fact another government official in a little place North of Reno called Panther Valley where the former Treasurer of the Panther Valley Water Users Association has siphoned off a cool $2 million in his embezzlement scheme, thanks Robert Klein for making the headlines, especially at Christmas.
With Mr. Klein [...]

  
America Will Soon Owe More Than Its Citizens Are Worth
December 15, 2008
The sum of America’s debts and other financial commitments is about to exceed the collective net worth of its citizens, PGPF has calculated. Growth in the government’s unfunded promises for social insurance programs such as Medicare, combined with a drop in Americans’ net worth [...]

Nevada has become the new poster child for economic disaster and on Tuesday our politicians told a congressional panel that the $700 Billion Dollar Federal Bailout has done “little to reverse the trend” and state banking commissioner George Burns said, “in short, our economy has gone from the fastest growing in the nation to amongst the [...]

 Happy Holidays!

Everyday that I open the  Wall Street Journal, it looks like the world is caving in on itself with new revelations about highly placed or positioned executives that are literally ruining the lives of millions of people and today Bernard L. Madoff who “helped start NASDAQ” has been quoted by two of his senior officials [...]

The news on the streets has been so awful with all the bad press about the housing market but there is a giant Rainbow still hovering over us and that is Federal Housing Administration is still offering home loans with just 3.5% down and this can be supplemented with a gift loan from your parents, [...]