User 121302

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    • Sat Mar 1st 21:04 PM | Rating: 0 0
      Commented on:
      Housing Market Tracker - State Budgets Suffer Housing Slump Fallout
      My county is deaf. They have constantly been running deficits. They are Democrats of course, and they insist of trying to get the residents to pay more taxes. Yet the county hospital expenses and manpower have had a growth curve straight up. I haven't seen anyone at the local paper, on the board of supervisors, or at the county hospital discuss how many illegal immigrants are cared for at the county hospital at taxpayer expense.

      From one fed-up, irritated taxpayer from the heart of the rich beast, Silicon Valley, nestled in the valley of some of the richest homes in the US, that is the prosperous high-tech and Internet spawning ground, Santa Clara County, California.
      View article »
    • Sun Feb 24th 11:09 AM | Rating: 0 0
      Commented on:
      Shorting the Homebuilders as Their Stocks Surge
      The housing industry will continue to bleed. Stock is valued as junk. Buyer supply has been choked off. Governments still extort money from developers, for example, public art here, a fire truck there, and some set aside land for the snaggly-nosed pussygagle bird.

      You will see more and more builders go bankrupt. Builders are losing hundreds of millions of dollars, collectively, in the billions. Also, with the anti-illegal immigrant trend, the builders are going to have to pay more for labor because they won't be able to safely use illegal immigrant labor.

      Buying builder stocks now is like buying a rutting pig only to find out it's impotent.
      View article »
    • Wed Feb 13th 13:18 PM | Rating: 0 0
      Commented on:
      We Need a Home Price Decline Moratorium Plan
      Good sarcasm! I would also add that we need to get all the illegal immigrants back that fled this country. We need them to buy more homes to bring the prices back up. Also, when these illegal immigrants are hired by the builders again, the illegal immigrants will spend money and prop up our economy again. This is one way to get taxes from the illegal immigrants, ie., we get property tax revenue. This will make the county supervisors smile with glee.

      Also, I like the idea of freezing prices on homes because the builders aren't making enough money. Selling a house for a million bucks that is built with cheap illegal immigrant labor doesn't have enough profit for the builders.

      We also need to keep the prices fixed because the city councilmen and county supervisors still need to tack on extras in order for the developer to proceed, for example, a fire truck here, some public art there, etc. Our buyers don't really care about the extra cost these uncaring politicians tack on to the cost of a house.

      yippee eye ah, yippee eye oh, it's a wonderful idea to freeze prices, else they could drop another 20-50%.

      One Dusty Cowboy
      San Jose, CA
      View article »
    • Sat Feb 9th 19:26 PM | Rating: 0 0
      Commented on:
      Housing Market Tracker - False Bottom for Homebuilders?
      Yes, it is a false bottom for homebuilders. Those people who bought stock in the homebuilders this month and last (Jan/Feb 2008) will do fine if they hold the stock through 2008 and 2009 when the builders are still going to lose billions.

      Think about it! It's about buyers and affordability. No buyers and houses cost too much. To give some builders credit, I have seen ads listing homes in California at $199,000. But are these give away, at a loss pricing? Yes, I think so.

      Only when builders build homes people can afford will the carnage end.

      Cities and counties need to make homebuilding attractive, like for example lowering developer fees. I have been reading planning commission and city council meeting minutes. When a city demands a fire truck from the developer, and when the city demands the developer pay for public art, the prices are passed on to the homebuyer.

      Also, protecting the pot-bellied, snaggly puss toad wailer raises the cost to the developer and homebuyer because you have to keep the swamp or meadow for the toad wailer to wallow about.

      Also, what would the housing prices be if they weren't built with illegal immigrant labor? It seems no one cares that Espanola is the major language spoken at construction sites. Everyone keeps an eye closed in order to get the house sold, the commission made, profits generated for Wall Street, and fees paid to the city, and property taxes for the counties.

      I see major problems ahead with loan resets into 2008 and 2009. Also, will America allow construction jobs to go to illegal immigrants again? Couldn't legal citizens get these jobs?

      I just can't help thinking, if a house cost $1 million dollars using illegal immigrant labor, what would it cost using American labor?

      If builders can't build an affordable house using legal labor, how are they going to lower housing building costs?

      Are the cities and counties, who are responsible for some of the high cost of housing, going to back off on demanding so much from the developer? Or are these leaders content to gouge the developers (and the property tax payers)?

      In summary, how can you buy stock in the financial companies and the builders when both have lost millions and will lose millions more?

      Once the vast majorities of folks wake up and realize their property values are going down, they will get angry. They will feel they were suckered into buying a house that won't see the high values of 2006 for years down the road. Meanwhile, they are stuck with a mortgage draining their paychecks.

      And all the candidates will seize upon the economy as the area to fix; yet these same politicians passed the 2005 Bankruptcy Act to make it more difficult for people to eliminate stress and hounding creditors. Credit card companies loved the 2005 Bankruptcy Act that our beloved Congress passed.

      Don't trust words coming out of these candidates. I just read where some of the biggest lenders and banks contributed millions to both parties (roughly 70% to the Democrats and 30% to the Republicans). Do you trust these politicians running for office to help you out when the banks and lenders are paying their election campaign money needs?

      Don't spend.

      Don't spend your rebate.

      However, many will need to spend their rebate because many folks are hurting.
      Save your money.

      Demand property tax cuts and refunds.

      Vote no on bond issues (bonds are debt).

      Vote no on tax increases.

      Vote no on every liberal spender (Democrats mostly, but some Republicans as well).

      Remember the names of your county supervisor that added taxes without your permission, such as the 911-phone tax surcharge in Santa Clara County, California.

      Demand higher homestead exemption rates on residences.

      Demand homestead exemption rate increases tied to an annual cost of living expenses.

      Demand Congress reel in the interest rates and practices of all the credit card companies.

      Demand employers of illegal immigrants be fined heavily and jailed.

      In summary, the housing and financial sectors haven’t hit the bottom. It will be a campaign issue all year. The mortgage meltdown will reek havoc with millions of current homeowners, 402(k) holders, and pension plan members.

      Maybe if Hillary shares her secret of how two Arkansas lawyers wound up with S10 to 25 million in assets, it might help the rest of us to prosper instead of suffer.

      But as of this time, Hillary refuses to release her income tax records. Why not? Obama did.

      Is there something she wants to hide? What’s with these profits from Dubai, an Arab country that we were so afraid of, we did not consummate the port deal with them.

      If Hillary is running on experience, why doesn’t she share her experience of making the big bucks?
      View article »
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