In 1978, Scott founded Dayn-Mark Advertising (from the names of his two daughters, Dayna and Marcie), which places billboards and other forms of advertising in the Atlanta area. Scott’s wife, Alfredia, now heads the business. In May 2007, it was reported that the business owed more than $150,000 in back taxes and penalties. Scott’s campaigns paid the company more than $500,000 from 2002 to 2010, including expenses for office rent, printing, T-shirts, and other services. He has also paid his wife, two daughters, and son-in-law tens of thousands of dollars for campaign work such as fund raising and canvassing.
In 2007, the political watchdog group Citizens for Responsibility and Ethics in Washington named Scott one of the 25 most corrupt members of Congress.
I don’t think this happened that much except in 2022 when all kinds of crazy bs was going down. Our community’s highest priced new houses were originally bought for $261k in 2013. In 2018, the houses were worth roughly $280k. By 2021, everything was pushing $400k. By summer 2022, investors paid the most expensive house $500k cash to sell theirs. That was the highest price gotten in the neighborhood. We listed ours for $455k in April 2023 and had a lot of interest. We had 2 escrow fallouts, one a week before closing, and another the day before closing (when we were in escrow on a new house) after we’d signed the papers. A guy from San Diego was hot on our house. Offered $445k cash, which would have us clear slightly more than our asking price non-cash. We were desperate because of the other escrow and took it.
Then a hurricane hit San Diego. Someone was buying his house and dropped out. He put his house back on the market for $10k more. We were like wtf. Somehow he got a new buyer fast and we managed to close escrow the day before we would have been kicked out on the new house.
When we were looking around at new construction we were looking for places nicer than our house. Almost all the new construction was 650-800k that sort of did that but almost nothing was as nice as our house. We would not have bought a lesser house. To get a new house to a good level you’d have to add $100-150k in options from the base which was usually starting in the 500s. It was literally insane.
We were planning on renting until the market became more rational along with interest rates. We’d still be sitting on the sidelines today if we hadn’t magically found our house. We were basically if something fell in our lap we’d consider it but that was it. We found a tricked out escrow fall out home in a mostly mature neighborhood in North Las Vegas. In Summerlin or Henderson it probably would have gone for nearly $900k but def not below 800k. It had no dealbreakers, but we thought it was too high priced for the area and were concerned it wouldn’t appraise for what we agreed to in the tighter appraisal market. We would have dropped out if it didn’t but it did. It is bar none the nicest house in the neighborhood that just finally closed out.
We were the first Vegas based sucker to buy in the neighborhood. All others were from California. My feeling going into a search was to look for homes where the original buyer/designer fell out of escrow and it was true. We didn’t think we’d qualify for the house but surprisingly did and our fate was sealed. No regrets and we’re still affording it. We like the house better than our old one in every way. There’s no way we ever expect to turn a huge profit on it and our interest rate sux for now. Still worth it.
There are now at least a half dozen houses for sale in the neighborhood and all have been sitting for months. They had almost an impossible time selling the massively overpriced models but found their suckers eventually.
Unfortunately, my hood is as hot as ever with the median days on market at 6 somehow, median sale of $1.1M btw. I really cannot easily grasp how much wealth is in Seattle area.
It’s definitely needed in a place like Seattle and Vegas is probably a close second. We’ve been absolutely murdered by inflation since the pandemic mainly by rich people from CA moving in after selling their houses for enormous profits.
they just shouldn’t be able to outbid people the first week homes are on the market and sit on them as investments.