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Archive for May, 2009

Bridge Construction Continues

Wednesday, May 13th, 2009

After tragedy led to a delay in construction, officials have approved further work on the second Oak Island Bridge.

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Marino on Money: May 13

Wednesday, May 13th, 2009

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Does it make sense to own a home?

If you are going to be in the home for at least few years, there are advantages to owning. We hope the home will appreciate in value over the long term. There are too many variables to know which parcels of real estate may either increase, or decrease in value. I have no idea where prices are going for any particular area.

As you make mortgage payments, you have the opportunity to build equity as you pay down the balance. There are also tax advantages for some people who pay income tax. Eventually you could pay off the mortgage and have no more payment. Even if your home only maintained it’s value, or even declined a little, owning it free and clear may be a better option than renting. So if you are going to be in the home for a few years, and you can afford all of the expenses, I would definitely consider buying a home now.

The viewer asked about staying out of the real estate market until things settle down. Good question. When things settle down, however you define that, what effect do you think that will have on prices? There isn’t any way to know for sure, so I wouldn’t factor settling down into my decision process.

Here is an observation. Mortgage rates are at historic lows. Prices in many areas have declined dramatically. If you need to buy a home this doesn’t sound like a bad time. But, is it really a good time, or should you wait? I could give you my best guess, let me just grab a quarter. Oh, sorry, I don’t have any extra change. I did, but that was before the bear market.

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videoThis week, Marino on Money focuses on real estate. Today, Ross continues his discussion about whether it is a good time to buy that house.

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Associated poll

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NC investigating death of 91-year-old patient

Wednesday, May 13th, 2009

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MOORESVILLE, N.C. — North Carolina state investigators will look into the death of a 91-year-old Alzheimer’s patient who was found dead in a field after wandering away from an Iredell County assisted living home.

The Charlotte Observer reported Wednesday that officials at Summit Place said it appeared that Joseph Clay Johnston walked away during a Mother’s Day event Sunday.

Johnston was found about 400 yards from the facility Sunday night.

Jim Jones of the state Department of Health and Human Services said the agency will conduct an investigation after the police finish their probe. Jones said inspectors had been in the home last week for an annual inspection, but the results are pending.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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North Carolina state investigators will look into the death of a 91-year-old Alzheimer’s patient who was found dead in a field after wandering away from an Iredell County assisted living home.

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Associated poll

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6 area residents compete in Lose A Ton challenge

Wednesday, May 13th, 2009

The eight-week competition began this month at the Wilmington Athletic Club, co-sponsored by the Obesity Prevention Initiative, the Wilmington Parks and Recreation Department and other local groups.

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N.C. Senate committee approves bill delaying Titan permits

Wednesday, May 13th, 2009

The debate over delaying Titan America’s cement plant is moving to the floor of the North Carolina Senate.

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