Author Archive
What Is My First Step Into Buying A Home With No Money Down?
Posted by: | CommentsNow seems to be the time to buy. I have always rented and want to make an investment but no major money to put down. I have a very good income, but also have some big bills for right now; hence not much to put down. My credit is pretty good, but again, I have some bills I am paying off. I have about 35K in my 401k if that could help leverage the loan.
Any ideas? I live in Miami, Florida – lots and lots of empty houses and condos all over the place waiting for someone to buy them.
Posted 2 Years Ago On Yahoo Board,Ísn´t This Forecast Oustanding?
Posted by: | CommentsThe United States is the epicenter of the world crisis
Jorgelina Guido
The profits of the world’s principal capitalist corporations are on the rise permanently, but “investment is still weak.” The logical consequence of this situation is an incredible over-accumulation of capital. According to a report of the IMF, published in the Buenos Aires daily Clarín on July 17, world savings has reached “24.9% of the world’s GDP.” This “oversupply of global savings” is sucked in by the US economy, which transforms part of this excess of capital into US Treasury Bonds in order to finance the monumental Federal Government deficit and the deficit in the balance of payments (it has risen to “668 billion dollars” per year), and another part is earmarked to feed speculation in the real estate market. It need only be said that in Miami there are properties “that are resold up to five times before the first brick is laid.”
If we bear in mind that the principal debtor in the world is the United States (3 trillion dollars), and that in order to face that debt it needs to absorb more and more this “oversupply of global savings” (which affects the rise in the interest rate, brakes its economic development and diminishes its capacity to make payments), if this set of factors are born in mind, we cannot be surprised at the fact that many specialists in finance hold that investors esteem it probable that the United States enter into default. For this reason, many “governments and investors” are already thinking of changing their minds “regarding the placing of their savings into US bonds, unleashing in this manner a fall in the dollar and making the interest rates rise.” This would lead to a world-wide financial crisis and to a profound economic depression. This probability of a US default was made tangible when just a few months ago the central banks of Japan and Korea “spoke of no longer recycling their trade surpluses purely in dollars.”
The conclusion arising from this is that the epicenter of the world crisis is in the heart of US imperialism and that any political strategy towards a solution to the current situation must be based on these profound disequilibriums in the world economy
i need very confident advice for my mother’s health insurance (medicare).she is 66 years old,lives in miami. florida.she has summit (VISTA)health plan,which covers all her needs without spending any money from her pocket,because her monthly security check is only $6oo/month.in fact from mar/09 she is getting $55/month over the counter medications which are,in the the plan’s list.the open enrollment starts from nov/15 to dec/31.so we have to decide now to change her health insurance for maryland for 2010.year start.please only those answer who understand very well about the health insurance coverage for florida and maryland.and it should be compatible to her existing full coverage with summit or care plus plan she used to have before summit.fully covered for every thing,as she has no money to pay from her pocket.
we do not know any one in maryland in friends and family with the same situation.most of the people are still working so they are covered by the employers,no one is like her situation to guide us.
she could get more help but due to her 401k,little investment money in IRA,she can not get any extra help,even though she desperately need it.
i hope some one out there definitely know in details to inform us before we change.thank you
This hit out of nowhere, we have a lease on the house through next November and now he tells us that he can’t make his payments. He says that the bank will take a short sale due to the current real estate situation here in the Miami area but I don’t know if this is the case or not. The house is not worth what he paid for it, I know that for sure, he made a bad investment at the wrong time. He paid over 130K more than the current tax appraisal and the builder is still building new houses in the neighborhood at lower prices than when he bought two years ago. My biggest question now is how to evaluate the lowest legitamate price that the bank would accept given the current real estate conditions in the area. The only hard value that I currently have is the county tax appraisal. So, what percentage of the tax appraisal might the bank accept in a short sale situation? Or, is there a better way to evaluate the best price to offer?
Thanks
If Bush Spent Us In To Poverty, Then Can You Please Explain How?
Posted by: | Commentsspending almost another trillion on items such as this is any different?
The few, and the key word few jobs that these will create will only last for a very very short term. Then its back to unemployment. The only difference is that we are a trillion more in debt to the Chinese.
If you hated bushes spending, they why in the world would you want anyone to spend this much more? Just look what they are spending it on. And yes, this is as of today.
President-elect Obama’s transition team is promising that its $700 billion, or $850 billion, or $1 trillion, or whatever it now is “stimulus” won’t include pork-barrel spending. They must not have talked to the nation’s mayors, who recently responded to Mr. Obama’s request to compile their priority list of “shovel-ready” projects.
By all accounts, the $73 billion wish list may be the largest collection of parochial spending projects in American history. Strolling through the 800 pages, we found such beauties as: $1 million to upgrade the Los Angeles County Convention Center elevated “catwalk” for cameras and lighting; $350,000 for an Albuquerque, N.M., fitness center; $94 million for a parking garage at the Orange Bowl in Miami; $4.5 million for Gretna, Florida, to bottle water with recyclable bottles; a $35 million music hall of fame in Florissant, Missouri, and $3.1 million for a swimming pool in Tulsa.
Oh, and desperate Santa Barbara, Calif., respectfully requests $80,000 for a tennis facility; Savannah, Georgia, would like to build a children’s museum; Ventura, Calif., wants $6 million to renovate the beach at Surfers Point, and Durham, N.C., home of the Durham Bulls, wants to construct the first Minor League Baseball Hall of Fame. Dayton, Ohio, wants $1.5 million to reduce prostitution with education programs, and Ponce, Puerto Rico wants $5.7 million to improve its cruise ship terminal (which will create all of 60 jobs). We could go on.
No doubt some of these proposals would enhance urban life, but then why can’t the cities build them with their own money? Perhaps because the projects don’t really measure up against more urgent local priorities. But when the federal taxpayer does the financing, everything suddenly becomes affordable. If Durham wants a tourist destination, how about hitting up Kevin Costner, Susan Sarandon and Tim Robbins, who did so well by the film “Bull Durham”?
The other truth about most of these projects is that they don’t come close to representing an economic “stimulus.” They may put a few people to work for a while, albeit while taking money out of the private economy to pay for them. But the test for a useful public project should be whether it contributes to a net increase in productivity after accounting for that lost private investment.