Great Ben Stein commentary!
Amplify’d from www.latechbbb.com
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Thursday, July 21, 2011
Left, Right, Center, Which Is It Mr. President?
How To Become A Politician! Tell Them What They Want To Hear.
Excellent article everyone should take the time to read. Especially, if you have any aspirations of getting into politics.
Mathews Realty Group
Investment Services
Retirement Planning Specialists
Amplify’d from www.thestreet.com
10 Myths That Politicians Want You to Believe
NEW YORK (TheStreet) -- The financial system is on the brink of collapse after trillions in bad loans were issued by greedy bankers. If you were a U.S. political figure, would you:
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Tuesday, July 19, 2011
Cobun's Plan Is a Pipe Dream!
I love this plan, but you and I both know, It's Dead on Arrival! At least, most of it. Then again, If the good ole USA, becomes Greece, It may be the only option?
Mathews Realty Group
Investment Advisor
Retirement Planning Specialists
Amplify’d from www.benefitspro.com
Coburn proposes $9 trillion deficit cut measure
WASHINGTON (AP) — One of the Senate's staunchest budget-cutters unveiled Monday a massive plan to cut the nation's deficit by $9 trillion over the coming decade.
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Tuesday, July 12, 2011
What If The Debt Ceiling Doesn't Get Raised? Flip A Coin!
I think most of the general public is totally feed up with all the BS about the debt ceiling! According to the Insiders-There is plenty of revenue coming in to meet all the Gov. obligations in the short term. What side of the coin are you on?
Mathews Realty Group
Agent/Adivor Investment Services
Self Direct IRA/401K Specialists
Amplify’d from www.benefitspro.com
Obama, Republicans trapped by inflexible rhetoric
WASHINGTON (AP) — In unusually blunt and combative language, the Senate's top Republican says White House offers to cut long-term spending amount to "smoke and mirrors" and directly challenged President Barack Obama's leadership in debt limit negotiations.
Senate Republican leader Mitch McConnell charged Tuesday that Democrats and the Obama administration were relying on budget gimmicks to give the "appearance of serious belt-tightening."
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Getting Even With Your Lender! Just Walk Away
The longer this Recession continues on, the more in agreement I become with a Strategic Default Decision. Sooner or later the Morality issue becomes a mute point. "I pay my mortgage on time - I've never been late or missed a payment" So Mr. Banker, how will you help me change my mind about walking away from my home? What do you mean you don't care? Sad but True!!!!
Mathews Realty Group
Amplify’d from firsttuesdayjournal.com
Strategic default smarts
35% of mortgage defaults in September 2010 were strategic, an increase from the 26% more than a year earlier in March 2009 according to a University of Chicago Booth School of Business study. 22.5% of residential mortgage defaults nationwide were strategic in the third quarter of 2010. This number increased to 23.1% in the fourth quarter of the same year.
In negative-equity-laden California, strategic defaults are also widespread (more so than the nation as a whole since California is a nonrecourse state and lenders cannot viably threaten to sue for their losses). There were 45,380 strategic defaults in 2009 – 80 times the number in 2005. [For more information on the strategic default trend, see the August 2010 first tuesday article, Fannie Mae, our government and strategic defaults.]
Paying lenders the full amount on an underwater home is not what is going to fuel the recovery of a family or the California economy — what we need is to put cash in the hands of negative equity Californians. If they aren’t going to get any cramdowns in bankruptcy courts, they need to exercise their legal right to strategically default — that “put option” in every trust deed. Besides, it’s what all the smart people are doing anyway, right?
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Ca. Split? An Idea Long Over Due!
A Great Idea, if for no other reason than to make a point that Southern California is sick and tired of being told how and what to do by all the Left Wing Liberals in Northern Ca. Although a 51st SoCal State may seem remote, maybe it's time for a new SoCal Tea Party movement, to make it a reality. Worth a shot-Don't you think?
Mathews Realty Group
South California Conservative
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Wednesday, June 1, 2011
Housing Double Dip - Alive And Well!!
It's taken almost a year and a half for all the leading economic expert guru's in this Country to see and confirm what We - The professionals, on the street, saw coming back in 2009. California, has been in a double dip since that time. Anyone who bought a home here in Ca. as well as many other States across the nation, over the past two years with less than 20% down payment, is now upside down in their mortgage. Finding stability in this market over the short term is wishful thinking. The Smart Savvy Buyers who waited until now to purchase a home will reap he greatest reward over the long term.
Mathews Realty Group
Investment Advisor/Retirement Specialist
Self Direct Your IRA into Real Estate!
Amplify’d from www.dsnews.com
Economists Weigh in on Home Price Double-Dip
The analysts at S&P say there appears to be no relief in sight as home prices continue their downward spiral.
Paul Dales, senior U.S. economist for the research firm Capital Economics says the further fall in house prices during the first quarter means that “on the Case-Shiller index, prices have now fallen by more than they did during the Great Depression.”
And should patterns continue to hold true, Dales notes that following the Depression, “the peak in prices was not regained until 19 years after they first fell.”
“The remarkable thing about this downturn is that even though prices have fallen by more than in the Great Depression, the bottom has yet to be reached,” Dales said. “We think that prices will fall by at least a further 3 percent this year, and perhaps even further next year.”
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