Greenville Magazine - June 2008 - (Page 42)

from the pros preferred status with tax deductions. The truth is the government loved all the tax collections on those inflated real estate prices. The truth is the government encourages banks to lend to marginal customers. The truth is that there are two parties to every transaction. No one was forced to buy. Regardless, the truth now is the government is seeking to bail everyone out, and one of the ways it is now doing that is by the central bank accepting mortgages as collateral. Thus the collateral suddenly has become much more valuable. While certificate of deposit yields have fallen sharply with the Federal Reserve’s massive cuts in interests rates, mortgage rates have not, but AAA mortgages now have the same government backing them as CD. This creates an opportunity for those willing to accept a little risk. A way to play this would be to buy the iShares mortgage ETF, MBB, which currently yields just under five percent, rather than CDs. n Allen Gillespie is a principal at GNI Capital Inc. news with WYFF 4 by kim mCrae WyFF neWs 4 anChor/ reporter Kim McRae ell, I’ve already hit my six-month anniversary in the Upstate, and I must say, I’m thrilled to be here! It was funny. Last summer when I got the job offer at WYFF 4 and accepted, I naturally started telling people where I was moving. The majority of those people seemed to have ties to Greenville and they were anxious to give me insights into the area. But, even with all the wonderful things they were saying, they were being conservative in their praise of my new home. In my opinion, Greenville is a treasure. The downtown area is a clean, quaint city that offers everything bigger cities do, from incredible restaurants to unique shopping. I am very W impressed with how builders have kept up with the changing times and made good use out of dozens of former textile mills. Many cities have let those buildings go to waste. What’s even more impressive: the area’s beauty. I’m a huge fan of scenic/ country living. (i.e., the mountains), but on the same token – I’d prefer not to have to deal with winter-like weather for 7 months out of the year. Here, you get the best of both worlds! As a child, we moved a lot because of my father’s job with IBM. As a journalist, I’ve moved a lot because that’s the nature of this business. But, with all the places I’ve been and the people I’ve met, I can honestly say, Greenville, in my short time so far, has already found a special place in my heart. I know I’m not alone in my thinking. Just look around to see the dozens of corporations that have now called the Greenville area ‘home.’ And look at all the people who’ve moved here for a job and simply never left. It’s obvious, someone is doing something right. n Interior Design Fine Furnishings Custom Treatments Interiors Accessories Because Truly Great Design Transcends Time Come visit our downtown Simpsonville showroom! 105 West Curtis Street, Ste a Simpsonsville, SC 864.757.9714 www.legacyinteriorssc.com 42 Greenville maGazine | may/june 2008 http://www.legacyinteriorssc.com http://www.legacyinteriorssc.com

Table of Contents Feed for the Digital Edition of Greenville Magazine - June 2008

Greenville Magazine - June 2008 Contents From the Publisher My Greenville Everyday Heroes Tackling Diversity Greenville’s Gone Global In The Lead From the Pros Anderson Suburban Sprawl Wellness The REAL State of Real Estate Something to Bark About Minority-owned Business A Look Back 1-Tank Trips Private School Resource Guide After Hours The Bulletin Around Town Viewpoints

Greenville Magazine - June 2008

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