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Obama Forgot About Housing
 
By Diana Olick
CNN Real Estate Reporter
 
US President Barack Obama delivers his first State of the Union address
I have to say I was a little surprised (read: disappointed) to hear so very little about housing in President Obama’s State of the Union speech last night. Yes, he mentioned folks were losing their homes, in the long list of ills plaguing the American people.
 
And then, quite a bit lower down in the speech he said, “The steps we took last year to shore up the housing market have allowed millions of Americans to take out new loans and save an average of $1500 on mortgage payments. This year we will step up refinancing so that homeowners can move into more affordable
Foreclosures are like viruses…. you can’t contain them unless you start using the proper vaccine.¬†
You know, the one that’s worked every time this illness rears its ugly head.¬†
It’s called the “Investor Immunization Injection.”¬† Did you get yours yet?
If you’re in default, don’t hesitate.¬† Get yours today and sleep peacefully…
 
U.S. 2009 Foreclosures Go Beyond Sun Belt States
 
By Reuters
 
 
U.S. foreclosure actions firmly centered around Sun Belt states in 2009 but activity spread to previously insulated areas, and unemployment became the biggest driving factor, RealtyTrac said on Thursday.
Cities in four Sun Belt states accounted for all top 20 foreclosure rates in 2009 among metropolitan areas with a population of 200,000 or more, the Irvine, California-based real estate data company said.
 
California
A lot of good economic indicator info.  Check it out!
 
Housing Starts Tumble
 
By Meena Thiruvengadam and Judith Burns
 
 
New home construction fell far more than expected in December while the number of building permits issued in the month beat projections.
Meanwhile, U.S. inflation at the wholesale level was tame in December 2009 as higher food prices were offset by lower energy costs, giving the Federal Reserve more ammunition to keep interest rates at a record low.
 
Housing starts slid by 4.0% from the previous month to a seasonally adjusted 557,000 annual rate in December, the Commerce Department said Wednesday.
Economists surveyed by Dow Jones Newswires had expected starts would dip by 0.2% to an annual rate of 573,000.
 
Meanwhile, Wednesday’s data showed building
It used to be that we actually got paid to work.¬† Today, it’s $3.9 million to quit.
I sincerely don’t get this.¬† It’s one stupid decision after another, and with our tax dollars.
Is there no end?
 
  
Grassley Questions Severance Payout to AIG’s Top Lawyer
 
By Serena NG
 Sen. Charles Grassley (R., Iowa) on Friday asked the U.S. pay czar to explain why the recently departed general counsel of American International Group Inc. will receive several million dollars in severance.
 
The giant insurer last month agreed to award ex-general counsel Anastasia Kelly an exit package totaling roughly $3.9 million, the bulk of which is severance, according to people familiar with the matter. Ms. Kelly resigned from AIG effective Dec. 30, the company said.  
This is an eye opener!
 
To even consider principle reductions as a way of solving this problem is as senseless as asking for everyone to turn over the profits they will be making in 20 years from the sale of these same homes after appreciation comes back into the real estate game.
 
That’s the most idiotic suggestion ever. In a Capitalistic society this solution is sufficient reason to be taken out back of the jail house and shot as a traitor!
 
Are these people crazy? This kind of thinking comes from individuals that have never had to earn a living by creating any kind of a business on there own.
 
It comes from career politicians and corporate managers of other people’s money. We are getting so
Here is a very brief, but informative interview with Rick Sharga of RealtyTrac and a few commentaries on Fed Chairman Ben Bernake worth viewing.  I think you will find them interesting, informative and even a bit surprising.  I love these clips because all I have to do is sit back and listen.  
Where’s that popcorn when I need it… 
More Foreclosure Trouble Ahead
 
The Wall Street Journal
 
 
Click on the link below to view the video.
 
Okay — So the article gives us a lot of interesting information and details which add up to a huge mountain of absolutely nothing (with the exception of the two short sentences I have taken the liberty to highlight in red for your convenience and edification.)¬† Don’t get me wrong; it’s all “good stuff,” but who cares?
 
The truth is, today we all have to pay very close attention and remain prepared for additional changes that are constantly coming our way.  These changes demand us to consistently continue to morph our present business models to survive and excel through this financial typhoon; even if, and I promise you this, ALL of this crap will be history before we know it.  Remember HVCC?  How about the scary 90 day rule?
Okay.¬† So the article is missing some finer points, but very much worth reading and it comes with a video clip; you can’t beat that (Where’s my popcorn?) and some great links to other articles.¬†
 
Things will get BETTER AND BETTER AND BETTER for investors as 2010 keeps on trucking along towards this year’s election.
 
   
More Foreclosures in 2010 Mean Opportunities for Bargain Hunters
 
By Diana Olick, CNBC Real Estate Reporter
 
As housing experts continue to debate when or whether housing will finally turn around for good in 2010, the one thing most agree upon is that foreclosures will continue or even outpace last year.
And that will mean more opportunities for bargain hunters.
 
A full third of home sales
HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS
 
Good Day, Everyone!
Ok, so we all know this is old news.¬† However, by now you should have read through this 5 page easy-to-understand little document in its entirety, after all, it’s written in simple English. ¬†If you haven’t, then do it now.¬† Why?¬† Because I want to share with you something very important; something I have learned is one of the most crucial rules/laws of success. ¬†Once you grasp this for yourself it will help you to understand how you can position yourself to benefit from many different types of situations that at the beginning may appear to be out of your control.
“Remember, anything you learn to master becomes your servant”.¬†
In other words,
This article is a good example of how the dominos will fall with respect to their decision-making.  Good article, short and sweet, yet packed with info.
Notice that the employment picture will lay the groundwork for many other decisions that the government will be making as this process of unraveling their restrictive policies picks up speed.¬† Pay close attention to what they watch, it’s not that complicated.
 
Fed Stays Course Despite Worries
 
Although Federal Reserve officials expect the economy to grow too slowly this year to bring the jobless rate down substantially, they are likely to conclude at their Jan. 26-27 meeting that there isn’t much more they can do about it.
That means sticking to their stated plan to end purchases of mortgages at
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