User profile: LasVegasMax
Joined: Sept. 25, 2008
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I respectfully disagree with Mr. Donohue. According to 1st American Title and their trustee sales reports REO's acquired by Banks in February 2009 were 3,408 units while MLS listings were 1,999 units. This same scenario also occurred through most of last year. Only in March and April have the REO's acquired started to match the REO listings in the MLS. I do see a shift in the number of REO sales exceeding the REO listings and REO's acquired as of April 2009. I can share my data with you if you contact me through Gmail.
The statistics for September will still show strong sales but after that watch the numbers fall. With the Fed's elimination of all down payment assistance programs the Buyers that have been flooding the Las Vegas market in an effort to buy using these programs. Lenders can no longer close a loan with down payment assistance after October 1, 2008. This means that 40% of the Las Vegas home sales will evaporate in October and be reported in mid November. The mortgage industry has artificially held down the numbers of REO's (repossessions) that they have listed in an effort to hold prices up and give the perception of a market turn around in Las Vegas. It is my estimate that approximately 12,000 REO's are currently not listed in the MLS. For reference statistical references see my article at: http://www.maxsellsvegas.com/LasVegasBlo...
This means that come mid November when the new statistics come out on sales for October we will see a substantial drop in sales and we could see increased listings as mortgage companies and servicers are forced to place their hidden reserves of homes on to the market.
Market manipulation is never a good thing. Be it down payment assistance, exotic loans, holding inventory off the market or trying to create a false bottom by buying up bad mortgage backed securities. Market manipulation slows the natural market readjustment, prolonging the pain thereby damaging you and I much more deeply than if we just got hit with it and were able to move on from there.
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I am appauled at the near criminal limitations and discriminatory acts the Health care system has placed on small business and individuals in the United States for over 50 years while Congress sits back and lines their pockets with contributions from this same vial industry.
In politics it is call a campaign donation. This is simply white washing a crime. A crime against Americans who are dying every day so that congress can have the luxury of receiving campaign contribution. It is tantamount to killing for money.
You can NOT use the excuse of small business. All small businesses in the United States will have an equal burden to bear. This will result in some raising of consumer prices on products produced by small business.
Congress spent over a Trillion Dollars creating freedom in Iraq but will not change the law to insure the health and safety of our own citizens.
Stop the excuses and politics NOW!
Stop being complicit in the deaths of your electorate through doing nothing!
Stop lining your pockets with campaign contributions and finding every excuse you can muster NOT do the RIGHT thing!
I am small business. I DO NOT support your genocide through non-action!
Along with what you have stated your support of in reforms. I suggest you should eliminate "group coverage" and "age bracketing" as well. It should cost the same price for every American to get health insurance weather they work for a fortune 500 company or are a member of the "small business" community that you seem so passionate about. The insurance policy should cost the same for the healthy 13 year old as the 55 year old.
Under this system V.A. health care, Medicaid and Medicare could then be folded into this system and eliminate the all this layered spending allowing for ONE streamlined capatalistic system. We do not need government insurance. We need our government to put in place laws and policies that require the health care industry to play fair with all Americans.
Congress is guilty of desertion in its responsibility to the American people concerning health care. Congress is complicitory in a form of passive genocide.
STOP your excuses and quit telling me why you are doing nothing while being an obstructionist on this "live or die" issue.
I am not interested in you NOT voting for health care reform, I am interested in you DOING something about health care reform, NOW!
Unless our Congress people start to change their tactics and starts actively trying to do something very positive and assertively towards making health care fair and available for all Americans they will loose our votes. I will be working for their opposition to defeat them in re-election.
As a Nevada voter, I am sick and tired of Congress being bribed (excused me that I didn't use the white wash term "lobbied").
We are sick and tired and dying from your status quo on The Hill!
If you want my vote get off your duff and do something NOW!