Change may come and here is what to expect!
Date: Wednesday October 29, 2008Posted in: Politics, Real Estate, Stock Market, Taxes, immigration
I see that so many people want change and they are facsinated by the News Media’s favorite pick and how he has so much money to spend on TV commercials. He has got to be the Change that we need. Lets not wonder where he got all the money from. Money is power and that he had got. So what if people from the middle east Donated a little money, they jsut want to help him out a little! This is a free country so everything should just be ok.
So now, so many people are going to vote for this man and without them even knowing it here is a short list of some of the changes we will see:
First we will get a bigger and more Socialist – Government with Free Health Care. And don’t worry the rich people will pay for it. Also we will get more Wellfare checks and food stamps and we can send our my kids to the equal opportunity zoned schools that they belong to.
Next we will end the WAR! and raise more White Flags for the terrorists. We’ll use the excuse of Solar and Wind exploration to not ever drill for more oil in the USA. So Gas will go up again.Also we will get a ban on public radio, ban on guns, ban of free speech, and they will probably even ban this website unless I Change so = We need CHANGE we need it NOW!
Oh and Obama want to help more Illegal people to have more rights. This way they can increase the size of the Democrat party and keep democrats and liberals in office for ever!
Don’t worry, because the same thing was predicted when Jimmy Carter won in 1976. He had a democratic congress and Senate and everybody thought he was going to be the Change – and Savior of the USA. Well they elected him and even though I was just a 7 year old kid I hated Carter. I remember that I lived in Bricktown New Jersey. My Mom and Dad had to buy a Toyota Corolla because of high gas prices. I had to sit bored in the car waiting for hours to get gas. Don’t you remember. Well anyway – mark my words when something major happens in the middle east again, like it did in 1979 such as the Iranian Hostages and the Cold War where Russia was making fun of Peaceful Carter (Obama) Even the Democrats voted for Reagan!!! All these ignorant school teachers mostly in their 20’s and 30’s will never know how bad Jimmy Carter was, so that is why they try to teach our kids to vote for Obama. They just do not know what they are voting for.
So I told that to my Friend and they said yes carter was bad, but Obama is 100 times worse then Carter. And if Obama is 100 times worse than Carter, it will be easier to have another change in 4 years! So he will get voted out even easier then Carter did. I still hope McCain wins and it’s a 50 50 chance but in case he doesn’t – just remember most people are stupid, they need to learn things the hard way. Let them have there stupid Obama and then you will see how fast these people will regret it. Maybe the Dow will go down to 1000 or Oil will go to $500 a barrel, or somebody will get nuked, but then all these ignorant Zombi people that voted for him will learn their lesson the hard way.
And if Obama is 100 times worse than Carter, it will be easier to have another change in 4 years!
That is the Change that we need! Vote for Change!!! Go ahead, be my guess and fools!!!!
If your house is now worth less than you paid for it, can you get your property taxes reappraised?
Date: Friday August 15, 2008Posted in: Credit Loans, HOA's, Real Estate, Taxes, finance, legal stuff
Like many other people in South Florida, I purchaced an investment home 3 years ago for $320,000 Pre construction prices and this house is currently worth much less than that. I have it listed on the market for $180,000 and nobody will even call me. I recently checked craigslist and a few other websites and now there are some people asking less than $150,000.
Tax Appraisel
We all have to try to hang onto these houses as long as we can, maybe until the bank resets our interest rate on our option arm. But in order for us to hang on we will have to keep paying our propery taxes. Last year we paid about $6000 and that is due to this stupid CDD tax that the builder tricked us into it is for all of Waterstone community. Prime Home Builders also stuck us with this one. Its an extra maintenance fee disguised as a tax.
Well I just found out that Dade County has a department called Adjustment Value Board for Property Appraisels. They can be reached at:
305-375-5641
Good luck, I am also pursuing this. Who knows I may get to reduce my taxes down by a few dollars - LOL.
Will the new housing bill apply to investment homes?
Date: Thursday July 31, 2008Posted in: Economics, Politics, Real Estate, finance, legal stuff
By Author: David A Perry
This past week Congress passed the long awaited housing bill. President Bush also signed it, so the new law is about to be available to help us victims of the 2005 housing bubble. The bill has a few differnent parts. The first part gives some interest free money in the form of a tax credit to any first time home buyers. This should help attract some new buyers and maybe it will increase the sales of homes over the next year or so.
The second part is like a governement sponsored loan modication law. It offers some incentives to banks to let them forgive us of some of our debt as we forgive those who …. LOL.
It looks like the Federal Government will give some of the lost money back to the bank, if they choose to let us borrowers who can’t afford to keep paying our high mortgages, because of high payments, low equity and a few other factors such as the reset of the loan payments on those teaser rate, option payment ARMs etc. ,that are accruing negative equity. Usually after 3 or 5 years the bank has to re-evaluate these loans and when they realize that your home has no equity, up goes the payment! So now what happens when you can no longer afford that payment. If the payment exceeds 75 percent of what you earn in a month, you are going to have a problem paying it, and this is something that the banks did not take it to consideration when you were originally approved for the loan.
Up until last year, if you had good credit, you could qualify for a mortgage at almost any bank, as long as you monthly income was 50 percent of the minimun payment. They never looked at your fully amortized payment to see if you made enough income to pay that. And in the case that the bank did check that, in most cases you could ask for stated income and boom you qualified for the loan anyway!
Well the new law is going to forgive us for all of that negative equity that happened as a result of us paying the less than interest only rate, and also the sharp decline in home values. This part occured because of 3 reasons:
1) Too many foreclosures and short sales. Sales at super low prices. This really reduces the average market values in any neigborhood.
2) Too hard for new buyers to get loans or qualify for them. This is because Banks had to get tougher and they realized their mistakes that are leading to so many foreclosures and short sales.
3) Prices that are too high to effecively yield any positive cash flow even if you rent out the place. Thanks to the Bubble of 2005 - 2006 ! So this makes it cheaper to rent, but not worth it to buy!
Well the new housing bill promises to forgive the negative equity and gives the homeowners that have not already foreclosed a second chance. So if you owe the bank $280,000 and your home is now only worth $180,000 your bank will have to eat the $100,000 loss and give you a new loan for 90 percent of the new value. So now you get a new loan for $162,000 and now you can get it with a 6.5 percent fully amortized payment that is probably equal to your old teaser rate payment! This is almost too good 2 be true.
My only question is: Will this law apply to our investment homes too?
