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Do not give anything over the internet that you would not want to give over the microphone on national television

Tax reform is vital for the state to thrive, industry experts say.

Read more: http://www.thestate.com/2010/07/25/1389809/taxes-not-falling-with-home-values.html#ixzz0ugx9ixOf

Closings on residential homes continued their year-over-year increases in April, witnessing a 37 percent increase over April of 2009. Year-to- date sales volume is 22.7 percent higher than 2009 levels at this same time.

As expected, buyers in South Carolina took advantage of the federal first-time homebuyer tax credit last month, which officially came to a close on April 30. Pending Sales were up 16.3 percent versus last year at this time, with 4,802 contracts written. That is the highest number of pending sales since April 2008. Closed Sales were also up 25.0 percent to 4,196.

I would like to wish you a fun-filled weekend of picnics, fireworks and quality time with friends and family, as we celebrate the birth of our great nation. Please also take a moment to reflect on the thousands of our brave troops throughout the world, who put their lives on the line to protect the freedom we celebrate.

  

VOTE in the South Carolina Primary
Tuesday, JUNE 8. The polls will be open from
7:00 am to 7:00 pm

Don't miss the 4th of July fireworks out from Clearwatercove. The show is always great, but watching the boats leave afterwards is a show also.

  

Q: Is there a real estate “sales tax” or a transfer tax in the new health care bill?

A: No, there is neither a real estate “sales tax” nor a transfer tax in the bill.


Q: What new taxes are there in the health care bill that will impact property owners?
A: There is a new 3.8% Medicare tax for “High Income Filers,” defined as an individual who files a single return with Adjusted Gross Income (AGI) of more than $200,000 or a married couple with AGI of more than $250,000.


Q: When does the new 3.8% Medicare tax take effect?
A: The new Medicare tax will take effect January 1, 2013


Q: How is the new 3.8% Medicare tax calculated for high-income filers?
A: No. The new 3.8% Medicare tax is assessed only when the $200K/$250K AGI limits are exceeded. The net investment income that will be subject totax is the LESSER of (1) net investment income OR (2) the excess of AGI over the $200K/$250K AGI limit.

Investment income includes: capital gains, rents, dividends, interest and business income earned by shareholders or partners not active in the business. Net investment income is investment income minus any allowable expense deductions.


Q: How will property owners be affected by this new tax?
A: Keeping in mind the income limitations above, real estate income that will be affected for high-income filers include:
• Sale of a primary residence: If the gain from the sale of the property is below $250,000 (individual)/$500,000 (couple) NO tax will have to be paid on the gain. The new Medicare tax would only apply to any gain realized over the $250K/$500K existing primary home exclusion that will bring the filers AGI over the $200K/$250K limits.
• Second Home/Investment property: The additional 3.8% tax will apply to the portion of the gain realized on the sale of a second home or investment property that will bring the filers AGI over the $200K/$250K limit.
• Rental Income: The portion of net rental income that exceeds the $200K/$250K AGI limits will be subject to the new 3.8% tax.

Q: Will “High Income Filers” also see a reduction in the amount of Mortgage Interest they are allowed to deduct?
A: No, there was not a cap on itemized deductions included in the final health care bill.

The full moon the past couple of nights has been beautifull. I almost can't stop watching, and taking in the calmness.

We are having much needed rain here on April 24 & 25th, It is a welcome site. I hope it washes away some of the pollen and dust. We had such a wet cols winter, I hope it's not goig to be a dry summer.

Spring is in the air at Lake Wateree, The Dogwoods have blooming, fishermen have been catching Crappie. The Bass are coming into the shallows. What A wonderfull time of year.

  

Lake Wateree is seeing some brave souls tubing & skiing this early in the season, or mabey I'm getting older. The lake has been bubeling with activity, the fishermen have been busy.

  

What a beautifull weekend we hag for Easter. We had a wonderfull Son rise service at The Lakeside Pavilion at Lake Wateree Babtist Church.

The first nice weekend for 2010 was just what the Doctor ordered. There were a lot of boaters and fishermen out enjoying the weather.

I feel spring at Lake Wateree is just around the corner. The Red Bud Trees are Blooming, Dafodils are blooming. It's been a long hard winter, i can't wait for spring to get here.

Participate in the first REALTOR® Nationwide Open House Weekend! Saturday, April 10-11, 2010

After a rising surge from September through November, existing-home sales fell as expected in December after first-time buyers rushed to complete sales before the original November deadline for the tax credit. However, prices rose from December 2008 and annual sales improved in 2009, according to the National Association of Realtors®.

There are only 65 days left on the first itme buyer program

As usual February always provides Lake Wateree with a few weeks of welcomed Sunshine. Most of us spent it cleanihg up trash from the high water

  

Two days of sunshine in a row, WOW I had begen to feel like I was getting web feet.

WOW, the sun cane out yesterday and it was like a long lost friend had found us. I hope we have enough sunny days to dry out the ground a little bit. The snow was nice and we did not have much ice, it was fun.

  

Lake Wateree is expected to crest tonite around 1am. Duke & National Weather service is expecting aroud 104.
OK this is enough for a while

The lake level started going down, but with this winter storm coming through who knows what will happen.

It looks like the lake has crested just below 103ft. Lake Watere is a man made lake, one of 7 hydo electric lakes created in the late1800s to early 1900. Tha Catawba river which supplies the water for these 7 lakes starts near Ashville NC.

  

Lake Wateree is expected to rise to 102 by this evening. The Catawba River water shed area is sending water down to us from the recent rains. Lake Wateree has been up and down so much in the past 45 days that it has been like a YoYo.

The full moon lit the water last nite beautifully. Well we avoided a major flood because of the anual drawdown, had we not already been down 2 feet it could have been devistating.

I hope everyone has a safe and fun filled Christmas & a Happy New Year

  

WOW what a beautifull day at last.

It is so foggy on Lake Wateree this morning, that I can't even see the island in front of my home. Well at least it's not freezing

It's beautifull riding around Lake Wateree looking at the decorations and lights. There will be a nite time boat parade soon.

Lake Wateree was getting pretty low on the annual draw down untill this flood of rain. We need the rain but let the sun shine a few days.

  

Loan rates are steady and the jumbo loan market has eased up a little. The could help on some of the higher end homes.

Sunday Oct 18 2009, What a beautifull morning at Lake Wateree. The past week has been very gloomy, but gave us much needed rain.
Th real estate market has been sad also, but change is on the horizon. There has been a lot of acctivity is the past week. I hope property at Lake Wateree takes part in this change

Lake Wateree has been exceptionaly wet this week. We need the rain though. Lake levels on Lake Wateree have held very well this year,

I took Dennis Russ for a seaplane ride over Lake Wateree. It is a total different aspect of the lake

  

The LWA meeting is tonite in Camden if anyone is interested. There has been discussion on the Overlay distric the county in proposing.

09/28/2009 The wind was nasty on Lake Wateree yesterday. This morning is absolutly beautifull. Will be going around today to take fresh photos for the web site.

  

Nar & The Fed has issued pointers saying it has bottomed out. The economy and Real Estae should be on the rebound. Now is the time to invest in property. Lake Wateree is a prime candidate for you to consider.

  

The Sweet Gum trees are starting to change color. The lake is getting quiet the past few weeks. This is the time of year I enjoy.

  

We had a good time at the Camden Airport 2 weeks ago. We had a Wings & Wheels show with Vintage cars & planes.

           

interest rates are at an all time low, real estate prices seem to bottoming out. Now is the time to find that piece of real estate you have been looking for.

  

February 3, 2009

Since January 9, 2009, the Catawba-Wateree River basin has been in Low Inflow Protocol Stage 2, and the Drought Management Advisory Group (DMAG) recommendation remains the same, allowing outdoor watering two days a week. Duke Energy, consistent with this recommendation, will continue to allow outdoor irrigation with lake pumps on Tuesdays and Saturdays.

The forecast for next few months is drier than normal, but we will continue to monitor conditions for the basin.

Clearly drought conditions have improved some over the last few weeks and hopefully, with more rainfall, will continue to improve. The DMAG tracks several indicators - rainfall, lake levels, groundwater and streamflows. While all these indicators have not yet returned to "normal conditions," we have seen great improvement since we started getting rain last fall.

Please continue to conserve water and make it a daily habit regardless of drought condition.

The Catawba Wateree River basin continues in a Stage 2 drought condition. In light of the long range forecast for below average rainfall over the coming three months, Duke Energy will maintain Lake Wateree in the range of 95 to 96 ft. for the first half of February and 96 to 97 for the second half of the month. This will allow the lake to reach a target lake level of 97.0 for March 1st. Please remember that weather conditions can change. Duke Energy will continue to monitor conditions and adjust its plans for lake levels as appropriate.

*** Lake Wateree Residents*** Based in this information, if you are having repairs done to your pier or retaining wall, you will likely need to make sure to complete these activities in the next two weeks.

  

Remember if you are applying for a permit from Lakes Maagement you will have to have a current survey, and private facilities user agreement letter.