Monday, January 24, 2011

TEXAS

Texas is one of the few states in this great union of ours that has a balanced budget requirement in its constitution. And due to reduced sales tax revenues last year, we now have a budget shortfall to deal with. We can't borrow money, either; because that's not balancing the budget.

Also, due to unfunded mandates by the Obama administration, if Texas doesn't do something by this May, it may be forced to pony-up a lot more money to satisfy those federal mandates.

Our legislators are "in session" for five months every two years (that would be great for our national house and senate, wouldn't it?), and they must cut spending by sixteen billion dollars over the next two years. But on the "mandates" side, there's only one thing it can do! It must defy the federal government, using its tenth amendment, constitutional duty. What is that?

The constitution of the United States says that it is the state's duty to "nullify" any federal mandates that don't fall within the scope of the constitutional powers of the federal government. Texas is going to have to do this.

I don't know what this has to do with Tyler and East Texas real estate; but I thought it interesting. Anybody even remotely considering spending some money here, send me an email: john@johncmartin.com.

Friday, January 14, 2011

ECONOMY

Well, Tyler is listed at number 7 of 178 towns and cities in the country with regard to a list of economic factors. In the opinions of those who do these things, we're right there close to the top!

Now if we could only get some buyers in here that knew what to do with their money, we'd be fine.

SO WHAT if it's tough to get a loan? If you've got good credit and a substantial down payment, we can get you a loan; and the interest rate is historically low. Sure, the best thing to do is to pay cash.......and do it now before your money isn't worth anything. But, if you have to, get a loan and buy real estate; you'll be glad you did!!!

Saturday, January 01, 2011

NEW YEAR

Happy new year, everybody!


John C. Martin
Tyler Texas Real Estate
www.johncmartin.com