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    • Sun Nov 30th 09:52 AM
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      Rating: 0 0
      Commented on:
      No Real Estate Bubble in Central U.S.
      It is really a financing bubble. Sound underwriting was replaced by writing as much business as possible based on home prices increasing by 5% or so a year by people with no skin in the game. Also anything flies as long as Sam co-signs. Now it is anything flies as long as Uncle Sam co-signs and Sam sure has a lot of houses for sell. Next? Sam is the defacto owner of 25% of the residential real estate, the car companys, the banks and the insurance companies. Sam is in control. Nest eggs evaporated if they are in the market or real estate. New winners emerge and it isn't the investor class.
      View article »
    • Mon Nov 10th 15:15 PM
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      Rating: 0 0
      Commented on:
      The One-Word Topic of the Day, and Week: Obama
      What we need is for the goverment to stop cosigning every silly peace of paper put in front of it and stop penenizing investors in single family housing property taxwise.
      View article »
    • Sun Nov 9th 22:53 PM
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      Rating: 0 0
      Commented on:
      It Might Be Impossible to Stop the Decline of Housing Prices
      First the goverment should stop co-siging evey goofy loan put in front of it. Second they should stop charging landlords more than homeowners for property taxs. In Indiana landlords pay double what home owners pay for a similar home. If property taxes were fairer investors would buy more REO's lowering the number of houses on the market, . Also an increse in renters causes rents to go up and home prices to be supported.
      On Nov 09 09:54 PM Kiisu wrote:

      > Perhaps I missed something, but regarding:
      >
      > * "a buy-back program with the Federal Government offering to buy
      > from owners..."
      >
      > * "the government should create a new lending entity guaranteed by
      > the full faith and credit of the U.S. Gov. that makes loans..."<br/&...
      >
      > * "A job creation program..."
      >
      > * "Take all the low prices homes that have been foreclosed on and
      > give them to the homeless..."
      >
      > * "A program which subsidizes rents of homes..."
      >
      > And all similar Federal Government-oughta-dos....
      >
      > I've read the US Constitution.
      >
      > I've yet to find a clause that permits the Federal Government to
      > assume any of those powers.
      >
      > Though it seems obvious from history that many of our legislative,
      > executive and judicial leaders have consistently and willfully violated
      > their oaths to "protect and defend the Constitution against all enemies
      > foreign and domestic"... I fail to see how proposing additional violations
      > of the Constitution would solve any of our perceived problems.<br/>
      >
      > As my grandfather might have said, "unconstitutional expansions of
      > the Federal Government are not the solution... they _are_ the problem."
      >
      >
      > If you truly desire to remove the limits and give such powers to
      > the Federal Government, then it is right, just, and appropriate to
      > amend the Constitution accordingly.
      >
      > Until then "we the people" should not be begging the source of the
      > problem to illegally assume even more power.
      View article »
    • Mon Jun 16th 10:07 AM
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      Rating: 0 0
      Commented on:
      FHA: Faulty Housing Assumptions?
      The current system works well as long as prices go up 5% a year or so. All sins are forgiven.
      View article »
    • Mon Jun 16th 09:33 AM
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      Rating: 0 0
      Commented on:
      FHA: Faulty Housing Assumptions?
      FHA is greet at creating new homeowners. The only problem is they go in the front door and right out the back door! They don't have any money in the deal and are under water on the loan from the get go. THE SALES PRICES are inflated by 6 or 7 percent to cover the closing cost and fees so the buyers are almost 15 percent in the hole if they would need to hire a realtor and move. 22 percent in the hole if they want to hire a realtor and sell FHA again and pay 6 or 7 percent of the next buyers closing cost.
      View article »
    • Mon Jun 16th 09:33 AM
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      Rating: 0 0
      Commented on:
      FHA: Faulty Housing Assumptions?
      FHA is greet at creating new homeowners. The only problem is they go in the front door and right out the back door! They don't have any money in the deal and are under water on the loan from the get go. THE SALES PRICES are inflated by 6 or 7 percent to cover the closing cost and fees so the buyers are almost 15 percent in the hole if they would need to hire a realtor and move. 22 percent in the hole if they want to hire a realtor and sell FHA again and pay 6 or 7 percent of the next buyers closing cost.
      View article »
    • Wed May 7th 23:19 PM
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      Rating: 0 0
      Commented on:
      The Fuel to Propel Force Protection Higher
      This stock got hit by a roadside bomb but not totaly distroyed, it could be time to double up cheap.
      View article »