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September 2, 2012 at 6:00 PM in reply to: Awesome front page LA Times article on the severe state pension issues #751062
ctr70
Participant“Pension law is not static,” the governor said. “There will be cases coming out of San Jose, San Diego and Stockton that may reshape pension law over the next several years, and if so, that will open new avenues for future changes.”
—->This quote gives me hope with Brown. The fact that he says pension law is “not static” and there is even a chance they could reform existing employees pensions (vs. just reforming new & future employees pensions) means some hope of progress.
Participant[quote=SD Realtor]I thought that the following quote in the LA Times was one of the most responsible statements regarding housing that we have ever seen:
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….That man was typified by Romney’s response little more than a year ago when he was asked by the Las Vegas Review-Journal about another housing issue: What he would do about the foreclosure crisis that was costing thousands of Nevadans their homes?“Let it run its course and hit the bottom,” Romney said. “Allow investors to buy homes, put renters in them, fix the homes up, and let it turn around and come back up.”
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I would vote for Romney just for this quote alone! That is exactly what should have happened. We should have just let the foreclosures run their course (like we have the past 100+ years) instead of all this absolute whacked out Gov intervention BS that happened instead (loan mod’s, people squatting in their houses for 3 years, the whole non-issue Robosigning sh*t). This quote by Romney shows some business intelligence and business mindset vs. the loony tunes that happened instead.Participant[quote=dumbrenter]Dinesh D’Souza and his views on colonialism gets him to the closest to uncle Tom of 21st century.
He is factually incorrect when he talks about the colonial experience in India, actually his position is almost a historical negation-ism which if done in another european country today relating to negating the jewish experience is a crime.He made his fortune and fame riding on the Reagan coattails and good for him. I saw him once pitching Reagan for the best president ever on a show and it was the closest I ever saw somebody performing a verbal blowjob on television.
I can understand a man singing for his dinner, I get it that he exists to fulfill a need for the nostalgic views some people in this country expect to hear from former house servant, but is there a need to go over the top for it?
The more he writes about Obama, the more he pushes me, a Republican, to go vote for Obama.
If he can get more than 1 european-american to go the other direction, then net-net I guess he comes out ahead.[/quote]That is the classic load of BS that everyone who is not a white male and happens to be on the right is a “uncle Tom” or Puppet. What a bunch of baloney.
September 2, 2012 at 5:42 PM in reply to: Matt Taibbi | Greed and Debt: The True Story of Romney and Bain Capital #751059ParticipantYeah Rolling Stone. They are about as objective and non-partisan as the SD Union Trib. LOL.
Almost any major successful businessman if they ran for president and were put under the microscope and subject to the opposing sides “interpretation” of their career, could be “painted” and “spun” as unethical and bad. Steve Jobs would be ripped apart for labor practices in China. Warren Buffet would be ripped apart for many of his biggest companies being the largest recipients of the bailout money (and I’m sure you could dig up a lot more on both.) And it goes on and on, pick a name.
At least Romney had a “real Job” in the private sector (the sector that provides the tax base for Government to even exist). Vs. Obama who never had a real job outside of Government and academia.
ParticipantI saw it and it was interesting. Like another poster said it was not a one sided vicious kind of immature attack. There was no “birther” crap or any of those conspiracies. Dinesh D’Souza is an intelligent scholarly guy on the right. It was interesting seeing some of Obama’s early influences and mentors. And it’s interesting seeing Dinesh’s viewpoint & opinions being a immigrant from India.
I’d love to see Obama debate Dinesh more than I would Obama debate Romney!
ParticipantIt’s playing at the Mission Valley AMC 20, I’ll have to check it out.
August 24, 2012 at 6:29 AM in reply to: How to Get Home Inspector to Make Buyer’s Best Interests A Top Priority #750695ParticipantDo NOT take your Realtor’s recommendation for a home inspector! That inspector knows they get referral business from the Realtor and subconsciously or not they may go “light” on the inspection, as they don’t want to “kill deals” and lose that Realtors business.
Get the baddest, meanest ASHI certified inspector you can find, preferably a former contractor, and have him/her tear the place apart. Go to the ASHI web site to find someone. ASHI is like the PHD of the home inspector business, they have to conform to high standards and constantly keep up on changes in the industry.
Get to know well the things that need to be fixed and know full well what you are getting into when you buy a house.
Participant1. Public pension investment tank = tax payers make up difference
2. Private sector 401k investments tank = retiree has to just take less and live with it
#1 we all know is complete b*llsh*t, an out of date corrupt archaic relic of history, is bankrupting our communities across the nation, and must end.
ParticipantIf you can get a healthy positive cash flow on the property (rent would exceed PITI + maint and give you a margin on top of that), and you have a good loan on it, I would keep it. And I would manage it yourself (it is not that hard, just pick up NOLO press landlording in CA and put it on Craigslist). If it’s in a good area you can attract a good tenant, just read up on screening tenants thoroughly (credit check, paytsubs, call prior landlords, call employer, eviction check, etc…). Where else will you get a decent return on your 20% down payment cash? You will also get to depreciate the property and write it off your taxes.
To me you can mitigate risk as a landlord hugely by screening tenants well.
If you would have a negative cash flow (PITI + maintenance would exceed rent)…SELL IT!!!
July 1, 2012 at 2:34 PM in reply to: Obamacare bill contains 3.8% tax on homes sales capital gains for high income earners #746966Participant[quote=DataAgent]”Not to mention how this bill could create higher rates of unemployment due to the costs that will be imposed on small business that will “DIS-incentivize” small business from hiring.”
Did El Rushbo tell you this? How exactly does a sales tax on a small number of home sales decrease small business hiring?[/quote]
There are additional costs to small business that have nothing to do with this 3.8% tax.
July 1, 2012 at 2:33 PM in reply to: Obamacare bill contains 3.8% tax on homes sales capital gains for high income earners #746965Participant[quote=spdrun]If you’re making $250k profit on a home sale AFTER expenses, do you think that making $9500 less will really keep you from selling? Get real. This isn’t the end of the world.[/quote]
It’s always easy for those who don’t have to pay a tax to be in favor of others having to pay it.
July 1, 2012 at 2:30 PM in reply to: Obamacare bill contains 3.8% tax on homes sales capital gains for high income earners #746962ParticipantAnother good article on the tax consequences of Obamacare. How financially successful have to carry the load for everyone else.
ParticipantA BK can sometimes be the only way to get the public pension people to the table for some serious negotiation on trimming down those pensions. Let’s see if the Gov (taxpayer) comes in a bails out the pensions.
June 24, 2012 at 8:48 PM in reply to: Loan mods not working… Really??? Kicking the can down the road doesn’t work??? Who would have thought… #746378Participant[quote=SD Realtor]FLU solved the problem in his very first line…
“How about just giving even more cheap credit to well qualified borrowers? We’ll clean up this mess by buying…”
Plain and simple.
If there were no loan mods, and all of the foreclosures could have happened in a normal manner, and cheap credit would have been available to those who were REALLY QUALIFIED then we would:
— Have a much healthier market.
— Seen all that distressed inventory get absorbed
— Let the housing market operate more freely.
— Rewarded those who have saved money and been prudent with fantastic real estate opportunities.
— Formed a much more solid foundation for the entire housing market.This would have been a back to the basics policy where owning a home was not considered an entitlement but rather a reward that was earned.[/quote]
Awesome post. What has been done by the Government intervention is an absolute disgrace forcing all the loan mods and letting people sit in their houses for 3 years not paying. As you say we should have never stopped the foreclosures in 2008 and we would have flushed it all out and the properties would have went to those that deserved them vs. rewarding the people who don’t pay their bills. These policies made me disgusted with our Government. Now they want to enact eminent domain and allow cities to force mortgage lenders to write down principles see this NYT article about San Berardino (http://www.bubbleinfo.com/2012/06/24/shillers-eminent-domain/). Time to get scared! Is this Cuba in 1959? Stalinist Russia? China under Mao??
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