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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (215917)	8/16/2009 6:46:49 PM
From: NOW	Respond to of 306849

they have millions of excuses all start with a $ sign

To: Broken_Clock who wrote (215917)	8/16/2009 7:36:27 PM
From: John Chen	Read Replies (1) \| Respond to of 306849

" D's have NO excuses for the sell out. " It's a 'revenge' of the spending spree on wars or something. Same result, looting of the treasury and leverage the future taxpayers to the tilt. AWESOME.

To: Broken_Clock who wrote (215917)	8/16/2009 8:38:51 PM
From: Galirayo	Read Replies (2) \| Respond to of 306849

White House appears ready to drop 'public option' >>>We're Really Screwed Now ... they will pass a Massive "Something Bill" Just Laden With "Pork -- The Other White Meat". I hope They Read the Crap They Sign into Law this Time. What ever happened to Gridlock anyway ?? <<< By PHILIP ELLIOTT, Associated Press Writer Philip Elliott, Associated Press Writer – 57 mins ago WASHINGTON – Bowing to Republican pressure and an uneasy public, President Barack Obama's administration signaled Sunday it is ready to abandon the idea of giving Americans the option of government-run insurance as part of a new health care system. Facing mounting opposition to the overhaul, administration officials left open the chance for a compromise with Republicans that would include health insurance cooperatives instead of a government-run plan. Such a concession probably would enrage Obama's liberal supporters but could deliver a much-needed victory on a top domestic priority opposed by GOP lawmakers. Officials from both political parties reached across the aisle in an effort to find compromises on proposals they left behind when they returned to their districts for an August recess. Obama had wanted the government to run a health insurance organization to help cover the nation's almost 50 million uninsured, but didn't include it as one of his core principles of reform. Health and Human Services Secretary Kathleen Sebelius said that government alternative to private health insurance is "not the essential element" of the administration's health care overhaul. The White House would be open to co-ops, she said, a sign that Democrats want a compromise so they can declare a victory. Under a proposal by Sen. Kent Conrad, D-N.D., consumer-owned nonprofit cooperatives would sell insurance in competition with private industry, not unlike the way electric and agriculture co-ops operate, especially in rural states such as his own. With $3 billion to $4 billion in initial support from the government, the co-ops would operate under a national structure with state affiliates, but independent of the government. They would be required to maintain the type of financial reserves that private companies are required to keep in case of unexpectedly high claims. "I think there will be a competitor to private insurers," Sebelius said. "That's really the essential part, is you don't turn over the whole new marketplace to private insurance companies and trust them to do the right thing." Obama's spokesman refused to say a public option was a make-or-break choice. "What I am saying is the bottom line for this for the president is, what we have to have is choice and competition in the insurance market," White House press secretary Robert Gibbs said Sunday. A day before, Obama appeared to hedge his bets. "All I'm saying is, though, that the public option, whether we have it or we don't have it, is not the entirety of health care reform," Obama said at a town hall meeting in Grand Junction, Colo. "This is just one sliver of it, one aspect of it." It's hardly the same rhetoric Obama employed during a constant, personal campaign for legislation. "I am pleased by the progress we're making on health care reform and still believe, as I've said before, that one of the best ways to bring down costs, provide more choices and assure quality is a public option that will force the insurance companies to compete and keep them honest," Obama said in July. Lawmakers have discussed the co-op model for months although the Democratic leadership and the White House have said they prefer a government-run option. Conrad, chairman of the Senate Budget Committee, called the argument for a government-run public plan little more than a "wasted effort." He added there are enough votes in the Senate for a cooperative plan. "It's not government-run and government-controlled," he said. "It's membership-run and membership-controlled. But it does provide a nonprofit competitor for the for-profit insurance companies, and that's why it has appeal on both sides." Sen. Richard Shelby, R-Ala., said Obama's team is making a political calculation and embracing the co-op alternative as "a step away from the government takeover of the health care system" that the GOP has pummeled. "I don't know if it will do everything people want, but we ought to look at it. I think it's a far cry from the original proposals," he said. Republicans say a public option would have unfair advantages that would drive private insurers out of business. Critics say co-ops would not be genuine public options for health insurance. Rep. Eddie Bernice Johnson, D-Texas, said it would be difficult to pass any legislation through the Democratic-controlled Congress without the promised public plan. "We'll have the same number of people uninsured," she said. "If the insurance companies wanted to insure these people now, they'd be insured." Rep. Tom Price, R-Ga., said the Democrats' option would force individuals from their private plans to a government-run plan as some employers may choose not to provide health insurance. "Tens of millions of individuals would be moved from their personal, private insurance to the government-run program. We simply don't think that's acceptable," he said. A shift to a cooperative plan would certainly give some cover to fiscally conservative Blue Dog Democrats who are hardly cheering for the government-run plan. "The reality is that it takes 60 percent to get this done in the Senate. It's probably going to have to be bipartisan in the Senate, which I think it should be," said Rep. Mike Ross, D-Ark., who added that the proposals still need changes before he can support them. Obama, writing in Sunday's New York Times, said political maneuvers should be excluded from the debate. "In the coming weeks, the cynics and the naysayers will continue to exploit fear and concerns for political gain," he wrote. "But for all the scare tactics out there, what's truly scary — truly risky — is the prospect of doing nothing." Congress' proposals, however, seemed likely to strike end-of-life counseling sessions. Former Alaska Gov. Sarah Palin has called the session "death panels," a label that has drawn rebuke from her fellow Republicans as well as Democrats. Sen. Orrin Hatch, R-Utah, declined to criticize Palin's comments and said Obama wants to create a government-run panel to advise what types of care would be available to citizens. "In all honesty, I don't want a bunch of nameless, faceless bureaucrats setting health care for my aged citizens in Utah," Hatch said. Sebelius said the end-of-life proposal was likely to be dropped from the final bill. "We wanted to make sure doctors were reimbursed for that very important consultation if family members chose to make it, and instead it's been turned into this scare tactic and probably will be off the table," she said. Sebelius spoke on CNN's "State of the Union" and ABC's "This Week." Gibbs appeared on CBS' "Face the Nation." Conrad and Shelby appeared on "Fox News Sunday." Johnson, Price and Ross spoke with "State of the Union." Hatch was interviewed on "This Week." news.yahoo.com

To: Broken_Clock who wrote (215917)	8/17/2009 12:24:11 AM
From: Jim McMannis	Respond to of 306849

Their excuse is that are doing it for the little guy.

To: Broken_Clock who wrote (215917)	8/17/2009 10:38:46 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

Foreclosures hitting hard in Kona Read comments Hawaii Tribune-Herald honoluluadvertiser.com The Big Island represents two ends of the spectrum in the ongoing flurry of foreclosures.While Kona leads the state in homeowners who decide to cut the strings to their property, Hilo is near the bottom of the scale. That's because many of the homes in foreclosure are investment properties and second homes, said Jackie Parkinson, executive director of the Hawaii Island Board of Realtors. 'That's what's hitting Kona so hard," Parkinson said. "People are just walking away." Kailua, Kona had 78 foreclosure filings in July, which represents one home out of every 200, according to the Mainland-based research firm RealtyTrac. Waikoloa had 23 filings — or one out of 125 homes — and the Waimea-North Kohala area had 16 filings, which represents one out of 286 homes. Not to say East Hawai'i is without difficulties. Puna and Ocean View have significant foreclosure rates, mostly investment homes, Parkinson said. Puna and portions of Ka'u east of Pahala had 21 foreclosure filings in July, which represents one filing for every 264 homes. Besides investments and second homes, other dwellings that are in trouble are primary homes that the owners bought or refinanced in the past couple of years, Parkinson said. That's where the Big Island's 11.5 percent unemployment rate may be coming most into play, as residents struggle to make their house payments, buy gas and put food on the table. Hilo had 34 foreclosure filings in July — one out of every 613 homes. Rather than throwing up their hands and walking away from a home that's now worth less than the money owed on it, people who can't make house payments should contact a real estate professional, who may be able to negotiate a short sale, where the bank agrees to sell the property to a new owner for less than what the loan is worth, Parkinson said. Foreclosures set a record around the state in July, and the Big Island had the second-highest rate, with 197 filings, or one for every 394 households. "It does appear August is going to be a busy month. We had a lot of filings," said Honolulu foreclosure attorney David B. Rosen. "There has been a steady increase each month." Six pages of the Hawaii Tribune-Herald's real estate classifieds were filled with foreclosure notices Friday for Hawaii Island properties set to be auctioned Sept. 11. Rosen is handling the foreclosures and noted that the dramatic increase in newspaper notices does not accurately portray market conditions. His offices have spent the last few weeks preparing notices rather than publishing them, and are now publishing a backlog all at once, he said. The increase in foreclosures has been relatively steady from month to month, Rosen said. "The problem is, there are not a whole lot of buyers," Rosen said of the scheduled auctions. "On the Neighbor Islands, we don't have a whole lot of bidders." devade wrote: Good for these greedy bastards that wanted to skyrocket our housing prices for their profits... I hope they lost their first houses as well. I have been biding my time and waiting for this craziness to end. Now hard working local people who need homes will buy these houses up. I will keep waiting until it becomes reasonable... I hope this economy makes those greedy bastards suffer so much, I see them at soup kitchens, so i can toss a couple pennies on the ground and yell fetch mutt... lol. 08/16/2009 9:14:54 p.m. Good for these greedy bastards that wanted to skyrocket our housing prices for their profits... I hope they lost their first houses as well. I have been biding my time and waiting for this craziness to end. Now hard working local people who need homes will buy these houses up. I will keep waiting until it becomes reasonable... I hope this economy makes those greedy bastards suffer so much, I see them at soup kitchens, so i can toss a couple pennies on the ground and yell fetch mutt... lol. devade Recommend (1) New post Reply to this Post Report Abuse redbones wrote: Things that were happening six months ago on the mainland is happening in Hawaii now. 08/16/2009 2:16:09 p.m. Things that were happening six months ago on the mainland is happening in Hawaii now. redbones Recommend New post Reply to this Post Report Abuse halawaboy wrote: PARASIDIC rEALTOR ARE TO BLAME FOR THIS MESS. THEY PIMPED THEMSELVES TO EVERYONE AND GOT THEIR COMMISSION! NOW THEY WANT TO SELL YOU IT AGAIN. PITIFUL BUNCH!!! 08/16/2009 1:31:19 p.m. PARASIDIC rEALTOR ARE TO BLAME FOR THIS MESS. THEY PIMPED THEMSELVES TO EVERYONE AND GOT THEIR COMMISSION! NOW THEY WANT TO SELL YOU IT AGAIN. PITIFUL BUNCH!!! halawaboy Recommend New post Reply to this Post Report Abuse halawaboy wrote: Replying to wtfdazed: Just to finish, max 1000 characters does not allow for much thoughtful explanation. There is a lot of blame to go all around, but the first finger should go to those who bought in and said, Yea this piece of junk is worth 800K, then the appraiser who said yes, then the loan officer who agreed, and then the investor who bought the packaged bulk loans, and the regulators who saw it all happening and said it's a good thing. Lets throw them all in jail. I do feel sorry for the people who bought at the top, and took out HELOC's, they are going to loose and loose big. But it has always been buyer beware and who ever thought real estate could go down, well actually a lot of people knew and did not care, and made a lot of money off of it. So where is the rage and the angry mobs saying WTF? New administration, same old story except now its a renters dream, but the banks are too big to fail, and vote for me again. THE BIGGEST VILLANS OF ALL, THE REALTURDS 08/16/2009 1:27:47 p.m. <p class="replyingto">Replying to <span class="author">wtfdazed</span>:</p> Just to finish, max 1000 characters does not allow for much thoughtful explanation.<br /><br />There is a lot of blame to go all around, but the first finger should go to those who bought in and said, Yea this piece of junk is worth 800K, then the appraiser who said yes, then the loan officer who agreed, and then the investor who bought the packaged bulk loans, and the regulators who saw it all happening and said it's a good thing. Lets throw them all in jail.<br />I do feel sorry for the people who bought at the top, and took out HELOC's, they are going to loose and loose big. But it has always been buyer beware and who ever thought real estate could go down, well actually a lot of people knew and did not care, and made a lot of money off of it.<br />So where is the rage and the angry mobs saying WTF? New administration, same old story except now its a renters dream, but the banks are too big to fail, and vote for me again. <br /><br /><br />THE BIGGEST VILLANS OF ALL, THE REALTURDS halawaboy Recommend New post Reply to this Post Report Abuse wtfdazed wrote: Just to finish, max 1000 characters does not allow for much thoughtful explanation. There is a lot of blame to go all around, but the first finger should go to those who bought in and said, Yea this piece of junk is worth 800K, then the appraiser who said yes, then the loan officer who agreed, and then the investor who bought the packaged bulk loans, and the regulators who saw it all happening and said it's a good thing. Lets throw them all in jail. I do feel sorry for the people who bought at the top, and took out HELOC's, they are going to loose and loose big. But it has always been buyer beware and who ever thought real estate could go down, well actually a lot of people knew and did not care, and made a lot of money off of it. So where is the rage and the angry mobs saying WTF? New administration, same old story except now its a renters dream, but the banks are too big to fail, and vote for me again. 08/16/2009 11:20:26 a.m.