$8,000 Buy A House Giveaway

It seems too good to be true that the federal government will give you $8,000 to buy a first home. They will even give you $6,000 if this isn't your first home. The fine points are that you have to be under contract byt he end of April 2010 and you have to close by the end of July 2010. I have sold several houses this Spring using this program and it is the real deal.

Taking nothing away from this federal giveaway, the real reason to buy real estate now is not the $8,000 or $6,000 -- it is the phenominally low interest rates available. As the real estate market continues to improve, interest rates will go up and we will all wish we had bought right now.

Who Wants the Lakefront of Dillon Torn Down?

Craig Nelson and his Associate had a meeting last weekend with some of the Dillon lakefront real estate owners about a German-funded development project. This project would tear down the old condos on Lodgepole to the west of Lake Dillon Drive to create a new lakefront real estate development in Summit County.
So my questions are:
1. Do the people in the Town of Dillon want to be redeveloped?
2. How big a project would this be in terms of height and width?
3. What will ultimately decide the fate of the project?

We have all known for 30 years that someday new condos would replace old ones like what has happened in Vail. It might actually happen in our lifetime.