Make California Home » Need http://www.makecahome.com California Real Estate Thu, 14 Oct 2010 09:41:44 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Why do You Need Los Angeles Assisted Living Facility? http://www.makecahome.com/why-do-you-need-los-angeles-assisted-living-facility http://www.makecahome.com/why-do-you-need-los-angeles-assisted-living-facility#comments Tue, 29 Dec 2009 11:10:58 +0000 daka http://www.makecahome.com/why-do-you-need-los-angeles-assisted-living-facility Do you feel the need to take care of any elder in the family but fear that you may not be able to provide the right care at home? If you are actually faced with a dilemma like this, then there is nothing to worry. All you need to do is research the right website and choose the right Los Angeles nursing home or a Los Angeles assisted living facility. There are plenty such facilities in and around Los Angeles and you can rest assured that they will do the best in terms of caring for the elder family member of yours.

The biggest advantage of a Los Angeles nursing home is that there is 24 hours nursing facility available. For those elderly people who require consistent medical assistance, a Los Angeles nursing home is an ideal option for them. There are nursing homes in various ranges and you can choose one according to your budget. Any Los Angeles nursing home offers a completely controlled environment that is safe for the elderly people. There is always a professional assistant available to offer medical, physiological, social and psychological care. For those elderly people who need to be looked after round the clock, a Los Angeles nursing home is a perfect option.

When you choose a Los Angeles assisted living facility, you are actually looking to assist someone who requires assistance in a less controlled environment. A Los Angeles assisted living facility does not offer the same benefits of a Los Angeles nursing home but it is good for those elderly people who can take care of themselves to some extent. They don’t have a rigorous medical or physical need and would be able to do with assistance at intervals. The assistants are still there but they come in only when required.

Los Angeles is a large and important city in the country and taking care of someone at home can be quite expensive. If you need to hire a full time nurse at home, you will definitely end up shelling out a lot of money. There are people who can afford enough money to hire a full time professional nurse at home. But then, there are many more who cannot afford it. A much better option for these people is to go for a Los Angeles nursing home or a Los Angeles assisted living facility. In any of these facilities, professional care can be taken at a much more affordable cost.

If you really want to take care of your elders, you must allow them to spend their retired life in peace amid professionals who know how to take care of them. At any Los Angeles nursing home or a Los Angeles assisted living facility, this is exactly what you give them. They get to heal physically as well as psychologically. When they get out, they are back to their old self. And you can rest assured that you have extreme peace of mind to think that you did something for them that they deserved. If you really feel like caring for the elderly in the family, then go for a Los Angeles nursing home or a Los Angeles assisted living facility.

]]> http://www.makecahome.com/why-do-you-need-los-angeles-assisted-living-facility/feed 0 Money Management – What You Need to Get Started on Your Wealth Path http://www.makecahome.com/money-management-what-you-need-to-get-started-on-your-wealth-path http://www.makecahome.com/money-management-what-you-need-to-get-started-on-your-wealth-path#comments Thu, 03 Dec 2009 05:23:47 +0000 daka http://www.makecahome.com/money-management-what-you-need-to-get-started-on-your-wealth-path A lot of people are hesitant to get into money management because they think that the way to one’s wealth path is very complicated and there are a lot of things you need to study. The truth is, it is very simple because there are doable and everyday practices that you can do in relation to getting a more stable financial sense of yourself. Knowing all of this will really put you on the road to a richer life.

Money management can actually be broken down into a very simple practice that even a fourth grader can do in his young life. The basic step to being on your wealth path is knowing how much you really do need in your life and how you can invest the rest. If you are already working, arrange with your company to direct a predetermined amount of your payroll into a forced savings fund and then you will learn to live with the rest. Ideally, the amount that is left for you to work with is smaller, and this particular practice is actually called ‘learning to pay yourself first’ ? despite bills and other payables, you will come first.

The beauty of this money management practice to get you on the wealth path is you will be forced to cut your wasteful spending. You will learn live with what you have and figure out the little avenues in your life where you can stop the financial leaks. With this, you will find that you have extra money to invest with. Now that you have a sizeable amount, the next that you can do is to figure out where to put the extras that have accumulated over time so you can generate money and make it grow with very little effort from you. There are many things you can find to put your money in.

Part of money management and being on the wealth path is not just by being very liquid, but also in collecting sizeable assets for yourself. If you look around you, there are so many things waiting to be invested on ? spaces on the internet, real estate, cemetery plots and other what-have-you investments. What they do have in common, all of them, are that over time the demand for such things increase. When the demand increases then the value of that commodity also increases. Should this happen, think of the gold mine that you have on your hands! You can sell it for a big amount of hold on to it for a longer time.

As you can see, money management is not as hard as it looks. There are complicated steps and there are simple steps to get you on your wealth path, and the ideal thing to do is to try both. In no time, you will get the hang of it and discover how much of good thing doing so is when it comes to securing your future.

]]> http://www.makecahome.com/money-management-what-you-need-to-get-started-on-your-wealth-path/feed 0 What You Need to Know When Having a New Home Built http://www.makecahome.com/what-you-need-to-know-when-having-a-new-home-built http://www.makecahome.com/what-you-need-to-know-when-having-a-new-home-built#comments Fri, 20 Nov 2009 17:17:12 +0000 daka http://www.makecahome.com/what-you-need-to-know-when-having-a-new-home-built What to look for in a new home builder Brooklyn. You want a home builder with lots of experience and glowing references from past happy customers. The reputation of the construction company is one of the best ways to find a good home builder. A quality will comprehend the design phase. This includes clear understanding of architectural designs. How best to do a floor layout or make changes if need be. As well as knowing the new home builder Brooklyn building codes.

A new home builder Brooklyn location needs to understand the domestic water system. They have to be familiar with what weather protection is needed for the house. With building a home it is important to correctly build the foundation, and do the frame construction. If none of that is correct the house is not any good. Poor construction means costly repairs in your future. Same with the retaining walls, they need to be correct. A new home inspection Brooklyn location is needed to insure that the actual building has been done correctly. The right products used in the external construction.

A new home inspection Brooklyn area is going to be required for the internal construction as well. You want a new home inspector to check out the quality of the flooring, walls, insulation and ceilings first. If they are not up to standard you need to know. Again you are trying to avoid having to repair things later on. A new home inspection Brooklyn location needs to also cover ventilation. If these are not done correctly you may have problems with air flow leading to poor air quality and possible mold.

]]> http://www.makecahome.com/what-you-need-to-know-when-having-a-new-home-built/feed 0 Obama’s Stimulus Plan: We Need Mandates to Spur Demand http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-7 http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-7#comments Thu, 19 Nov 2009 16:28:21 +0000 daka http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-7 For those 9 million Americans classified as struggling homeowners the idea that $275 billion is being pumped into the housing sector through President Obama’s recently unveiled stimulus plan gives an initial ray of hope. But from where I sit as a long time realtor, business owner and community activist, it looks like the right hand doesn’t know what the left hand is doing.Here are the details. Of that $275 billion being pumped into the economy the expectation is that about 5 million homeowners who have little equity or are upside down in their mortgages will be able to refinance through Fannie Mae or Freddie Mac. $200 billion has been allocated to back these entities. The other $75 billion is supposed to encourage lenders to make loan term modifications for those in foreclosure, or who are at risk of going into foreclosure. So what’s missing?Missing: No Cohesive Plan, No Mandate for IndustryBasically, there are 3 things missing here.1) It’s not enough.Ok- I understand that some of the money needs to go to drive jobs in other sectors of the economy. But when it’s going to bailouts that fund already failing car manufacturers, that just takes money away from where it would be most effective. There are a lot of folks angry at the idea of helping out an individual homeowner who got in over his head. Yet we’re bailing out CEOs of major businesses instead of funneling that money to keep the housing economy viable.2) No mandates for CreditorsWhat good will any of this do if qualified people still can’t get home loans? Every day I see banks and creditors refusing to make loans or modify loans. I see people with high credit scores waiting months for loans. This hurts us all!What about the whole credit rating system? Why don’t we hear anything about how Equifax, Experian, Transunion are impacting this crisis? There should be mandates that require these organizations to report credit accurately. Where do they play in the scheme of things? I’ve heard that there is a new scoring model coming out for FICO. No one understood the rules on the last one. Is this any different?Frankly, until there are mandates to make adjustments the banks and creditors and credit raters aren’t going to do it. More houses will sit empty and more folks will continue to lose their homes. It’s a vicious circle.3) No Cohesive PlanI heard HUD secretary Shaun Donovan the other night explaining how the stimulus plan will help bring some “underwater” homeowner payments down to 31% of income, if they are backed by Fannie Mae or Freddie Mac. What I didn’t hear was how the mortgage insurers play into this whole deal. That’s why I feel that this whole plan is so one sided. Incentives are just a drop in the bucket.From Where I SitHere’s my unique perspective. I host a real estate talk show at www.WeTalkRealEstate.com and sponsor a social network for real estate professionals at www.WeTalk247.com . Everyday I hear from the people most impacted by this whole situation. The callers to my show and podcast are homeowners, people facing foreclosure, and realtors all trying to make it through this crisis. Some of Obama’s stimulus incentives will help some of these folks. What it won’t do is enable many who want to buy to do so.Without a cohesive plan that includes the mortgage insurers, bankers, and creditors, credit scoring organizations and requires some sort of mandate on loan modifications and lending rates it just won’t be a long term solution. The housing portion of the economic stimulus plan just doesn’t subsidize interest rate reductions for borrowers in a way that will spur demand and recreate a housing economy that will benefit everyone in the long run.

]]> http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-7/feed 0 Obama’s Stimulus Plan: We Need Mandates to Spur Demand http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-6 http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-6#comments Thu, 19 Nov 2009 11:23:17 +0000 daka http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-6 For those 9 million Americans classified as struggling homeowners the idea that $275 billion is being pumped into the housing sector through President Obama’s recently unveiled stimulus plan gives an initial ray of hope. But from where I sit as a long time realtor, business owner and community activist, it looks like the right hand doesn’t know what the left hand is doing.Here are the details. Of that $275 billion being pumped into the economy the expectation is that about 5 million homeowners who have little equity or are upside down in their mortgages will be able to refinance through Fannie Mae or Freddie Mac. $200 billion has been allocated to back these entities. The other $75 billion is supposed to encourage lenders to make loan term modifications for those in foreclosure, or who are at risk of going into foreclosure. So what’s missing?Missing: No Cohesive Plan, No Mandate for IndustryBasically, there are 3 things missing here.1) It’s not enough.Ok- I understand that some of the money needs to go to drive jobs in other sectors of the economy. But when it’s going to bailouts that fund already failing car manufacturers, that just takes money away from where it would be most effective. There are a lot of folks angry at the idea of helping out an individual homeowner who got in over his head. Yet we’re bailing out CEOs of major businesses instead of funneling that money to keep the housing economy viable.2) No mandates for CreditorsWhat good will any of this do if qualified people still can’t get home loans? Every day I see banks and creditors refusing to make loans or modify loans. I see people with high credit scores waiting months for loans. This hurts us all!What about the whole credit rating system? Why don’t we hear anything about how Equifax, Experian, Transunion are impacting this crisis? There should be mandates that require these organizations to report credit accurately. Where do they play in the scheme of things? I’ve heard that there is a new scoring model coming out for FICO. No one understood the rules on the last one. Is this any different?Frankly, until there are mandates to make adjustments the banks and creditors and credit raters aren’t going to do it. More houses will sit empty and more folks will continue to lose their homes. It’s a vicious circle.3) No Cohesive PlanI heard HUD secretary Shaun Donovan the other night explaining how the stimulus plan will help bring some “underwater” homeowner payments down to 31% of income, if they are backed by Fannie Mae or Freddie Mac. What I didn’t hear was how the mortgage insurers play into this whole deal. That’s why I feel that this whole plan is so one sided. Incentives are just a drop in the bucket.From Where I SitHere’s my unique perspective. I host a real estate talk show at www.WeTalkRealEstate.com and sponsor a social network for real estate professionals at www.WeTalk247.com . Everyday I hear from the people most impacted by this whole situation. The callers to my show and podcast are homeowners, people facing foreclosure, and realtors all trying to make it through this crisis. Some of Obama’s stimulus incentives will help some of these folks. What it won’t do is enable many who want to buy to do so.Without a cohesive plan that includes the mortgage insurers, bankers, and creditors, credit scoring organizations and requires some sort of mandate on loan modifications and lending rates it just won’t be a long term solution. The housing portion of the economic stimulus plan just doesn’t subsidize interest rate reductions for borrowers in a way that will spur demand and recreate a housing economy that will benefit everyone in the long run.

]]> http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-6/feed 0 Obama’s Stimulus Plan: We Need Mandates to Spur Demand http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-5 http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-5#comments Thu, 19 Nov 2009 01:26:29 +0000 daka http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-5 For those 9 million Americans classified as struggling homeowners the idea that $275 billion is being pumped into the housing sector through President Obama’s recently unveiled stimulus plan gives an initial ray of hope. But from where I sit as a long time realtor, business owner and community activist, it looks like the right hand doesn’t know what the left hand is doing.Here are the details. Of that $275 billion being pumped into the economy the expectation is that about 5 million homeowners who have little equity or are upside down in their mortgages will be able to refinance through Fannie Mae or Freddie Mac. $200 billion has been allocated to back these entities. The other $75 billion is supposed to encourage lenders to make loan term modifications for those in foreclosure, or who are at risk of going into foreclosure. So what’s missing?Missing: No Cohesive Plan, No Mandate for IndustryBasically, there are 3 things missing here.1) It’s not enough.Ok- I understand that some of the money needs to go to drive jobs in other sectors of the economy. But when it’s going to bailouts that fund already failing car manufacturers, that just takes money away from where it would be most effective. There are a lot of folks angry at the idea of helping out an individual homeowner who got in over his head. Yet we’re bailing out CEOs of major businesses instead of funneling that money to keep the housing economy viable.2) No mandates for CreditorsWhat good will any of this do if qualified people still can’t get home loans? Every day I see banks and creditors refusing to make loans or modify loans. I see people with high credit scores waiting months for loans. This hurts us all!What about the whole credit rating system? Why don’t we hear anything about how Equifax, Experian, Transunion are impacting this crisis? There should be mandates that require these organizations to report credit accurately. Where do they play in the scheme of things? I’ve heard that there is a new scoring model coming out for FICO. No one understood the rules on the last one. Is this any different?Frankly, until there are mandates to make adjustments the banks and creditors and credit raters aren’t going to do it. More houses will sit empty and more folks will continue to lose their homes. It’s a vicious circle.3) No Cohesive PlanI heard HUD secretary Shaun Donovan the other night explaining how the stimulus plan will help bring some “underwater” homeowner payments down to 31% of income, if they are backed by Fannie Mae or Freddie Mac. What I didn’t hear was how the mortgage insurers play into this whole deal. That’s why I feel that this whole plan is so one sided. Incentives are just a drop in the bucket.From Where I SitHere’s my unique perspective. I host a real estate talk show at www.WeTalkRealEstate.com and sponsor a social network for real estate professionals at www.WeTalk247.com . Everyday I hear from the people most impacted by this whole situation. The callers to my show and podcast are homeowners, people facing foreclosure, and realtors all trying to make it through this crisis. Some of Obama’s stimulus incentives will help some of these folks. What it won’t do is enable many who want to buy to do so.Without a cohesive plan that includes the mortgage insurers, bankers, and creditors, credit scoring organizations and requires some sort of mandate on loan modifications and lending rates it just won’t be a long term solution. The housing portion of the economic stimulus plan just doesn’t subsidize interest rate reductions for borrowers in a way that will spur demand and recreate a housing economy that will benefit everyone in the long run.

]]> http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-5/feed 0 Obama’s Stimulus Plan: We Need Mandates to Spur Demand http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-4 http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-4#comments Wed, 18 Nov 2009 00:24:22 +0000 daka http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-4 For those 9 million Americans classified as struggling homeowners the idea that $275 billion is being pumped into the housing sector through President Obama’s recently unveiled stimulus plan gives an initial ray of hope. But from where I sit as a long time realtor, business owner and community activist, it looks like the right hand doesn’t know what the left hand is doing.Here are the details. Of that $275 billion being pumped into the economy the expectation is that about 5 million homeowners who have little equity or are upside down in their mortgages will be able to refinance through Fannie Mae or Freddie Mac. $200 billion has been allocated to back these entities. The other $75 billion is supposed to encourage lenders to make loan term modifications for those in foreclosure, or who are at risk of going into foreclosure. So what’s missing?Missing: No Cohesive Plan, No Mandate for IndustryBasically, there are 3 things missing here.1) It’s not enough.Ok- I understand that some of the money needs to go to drive jobs in other sectors of the economy. But when it’s going to bailouts that fund already failing car manufacturers, that just takes money away from where it would be most effective. There are a lot of folks angry at the idea of helping out an individual homeowner who got in over his head. Yet we’re bailing out CEOs of major businesses instead of funneling that money to keep the housing economy viable.2) No mandates for CreditorsWhat good will any of this do if qualified people still can’t get home loans? Every day I see banks and creditors refusing to make loans or modify loans. I see people with high credit scores waiting months for loans. This hurts us all!What about the whole credit rating system? Why don’t we hear anything about how Equifax, Experian, Transunion are impacting this crisis? There should be mandates that require these organizations to report credit accurately. Where do they play in the scheme of things? I’ve heard that there is a new scoring model coming out for FICO. No one understood the rules on the last one. Is this any different?Frankly, until there are mandates to make adjustments the banks and creditors and credit raters aren’t going to do it. More houses will sit empty and more folks will continue to lose their homes. It’s a vicious circle.3) No Cohesive PlanI heard HUD secretary Shaun Donovan the other night explaining how the stimulus plan will help bring some “underwater” homeowner payments down to 31% of income, if they are backed by Fannie Mae or Freddie Mac. What I didn’t hear was how the mortgage insurers play into this whole deal. That’s why I feel that this whole plan is so one sided. Incentives are just a drop in the bucket.From Where I SitHere’s my unique perspective. I host a real estate talk show at www.WeTalkRealEstate.com and sponsor a social network for real estate professionals at www.WeTalk247.com . Everyday I hear from the people most impacted by this whole situation. The callers to my show and podcast are homeowners, people facing foreclosure, and realtors all trying to make it through this crisis. Some of Obama’s stimulus incentives will help some of these folks. What it won’t do is enable many who want to buy to do so.Without a cohesive plan that includes the mortgage insurers, bankers, and creditors, credit scoring organizations and requires some sort of mandate on loan modifications and lending rates it just won’t be a long term solution. The housing portion of the economic stimulus plan just doesn’t subsidize interest rate reductions for borrowers in a way that will spur demand and recreate a housing economy that will benefit everyone in the long run.

]]> http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-4/feed 0 Obama’s Stimulus Plan: We Need Mandates to Spur Demand http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-3 http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-3#comments Tue, 17 Nov 2009 09:26:52 +0000 daka http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-3 For those 9 million Americans classified as struggling homeowners the idea that $275 billion is being pumped into the housing sector through President Obama’s recently unveiled stimulus plan gives an initial ray of hope. But from where I sit as a long time realtor, business owner and community activist, it looks like the right hand doesn’t know what the left hand is doing.Here are the details. Of that $275 billion being pumped into the economy the expectation is that about 5 million homeowners who have little equity or are upside down in their mortgages will be able to refinance through Fannie Mae or Freddie Mac. $200 billion has been allocated to back these entities. The other $75 billion is supposed to encourage lenders to make loan term modifications for those in foreclosure, or who are at risk of going into foreclosure. So what’s missing?Missing: No Cohesive Plan, No Mandate for IndustryBasically, there are 3 things missing here.1) It’s not enough.Ok- I understand that some of the money needs to go to drive jobs in other sectors of the economy. But when it’s going to bailouts that fund already failing car manufacturers, that just takes money away from where it would be most effective. There are a lot of folks angry at the idea of helping out an individual homeowner who got in over his head. Yet we’re bailing out CEOs of major businesses instead of funneling that money to keep the housing economy viable.2) No mandates for CreditorsWhat good will any of this do if qualified people still can’t get home loans? Every day I see banks and creditors refusing to make loans or modify loans. I see people with high credit scores waiting months for loans. This hurts us all!What about the whole credit rating system? Why don’t we hear anything about how Equifax, Experian, Transunion are impacting this crisis? There should be mandates that require these organizations to report credit accurately. Where do they play in the scheme of things? I’ve heard that there is a new scoring model coming out for FICO. No one understood the rules on the last one. Is this any different?Frankly, until there are mandates to make adjustments the banks and creditors and credit raters aren’t going to do it. More houses will sit empty and more folks will continue to lose their homes. It’s a vicious circle.3) No Cohesive PlanI heard HUD secretary Shaun Donovan the other night explaining how the stimulus plan will help bring some “underwater” homeowner payments down to 31% of income, if they are backed by Fannie Mae or Freddie Mac. What I didn’t hear was how the mortgage insurers play into this whole deal. That’s why I feel that this whole plan is so one sided. Incentives are just a drop in the bucket.From Where I SitHere’s my unique perspective. I host a real estate talk show at www.WeTalkRealEstate.com and sponsor a social network for real estate professionals at www.WeTalk247.com . Everyday I hear from the people most impacted by this whole situation. The callers to my show and podcast are homeowners, people facing foreclosure, and realtors all trying to make it through this crisis. Some of Obama’s stimulus incentives will help some of these folks. What it won’t do is enable many who want to buy to do so.Without a cohesive plan that includes the mortgage insurers, bankers, and creditors, credit scoring organizations and requires some sort of mandate on loan modifications and lending rates it just won’t be a long term solution. The housing portion of the economic stimulus plan just doesn’t subsidize interest rate reductions for borrowers in a way that will spur demand and recreate a housing economy that will benefit everyone in the long run.

]]> http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-3/feed 0 Obama’s Stimulus Plan: We Need Mandates to Spur Demand http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-2 http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-2#comments Tue, 17 Nov 2009 04:23:28 +0000 daka http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-2 For those 9 million Americans classified as struggling homeowners the idea that $275 billion is being pumped into the housing sector through President Obama’s recently unveiled stimulus plan gives an initial ray of hope. But from where I sit as a long time realtor, business owner and community activist, it looks like the right hand doesn’t know what the left hand is doing.Here are the details. Of that $275 billion being pumped into the economy the expectation is that about 5 million homeowners who have little equity or are upside down in their mortgages will be able to refinance through Fannie Mae or Freddie Mac. $200 billion has been allocated to back these entities. The other $75 billion is supposed to encourage lenders to make loan term modifications for those in foreclosure, or who are at risk of going into foreclosure. So what’s missing?Missing: No Cohesive Plan, No Mandate for IndustryBasically, there are 3 things missing here.1) It’s not enough.Ok- I understand that some of the money needs to go to drive jobs in other sectors of the economy. But when it’s going to bailouts that fund already failing car manufacturers, that just takes money away from where it would be most effective. There are a lot of folks angry at the idea of helping out an individual homeowner who got in over his head. Yet we’re bailing out CEOs of major businesses instead of funneling that money to keep the housing economy viable.2) No mandates for CreditorsWhat good will any of this do if qualified people still can’t get home loans? Every day I see banks and creditors refusing to make loans or modify loans. I see people with high credit scores waiting months for loans. This hurts us all!What about the whole credit rating system? Why don’t we hear anything about how Equifax, Experian, Transunion are impacting this crisis? There should be mandates that require these organizations to report credit accurately. Where do they play in the scheme of things? I’ve heard that there is a new scoring model coming out for FICO. No one understood the rules on the last one. Is this any different?Frankly, until there are mandates to make adjustments the banks and creditors and credit raters aren’t going to do it. More houses will sit empty and more folks will continue to lose their homes. It’s a vicious circle.3) No Cohesive PlanI heard HUD secretary Shaun Donovan the other night explaining how the stimulus plan will help bring some “underwater” homeowner payments down to 31% of income, if they are backed by Fannie Mae or Freddie Mac. What I didn’t hear was how the mortgage insurers play into this whole deal. That’s why I feel that this whole plan is so one sided. Incentives are just a drop in the bucket.From Where I SitHere’s my unique perspective. I host a real estate talk show at www.WeTalkRealEstate.com and sponsor a social network for real estate professionals at www.WeTalk247.com . Everyday I hear from the people most impacted by this whole situation. The callers to my show and podcast are homeowners, people facing foreclosure, and realtors all trying to make it through this crisis. Some of Obama’s stimulus incentives will help some of these folks. What it won’t do is enable many who want to buy to do so.Without a cohesive plan that includes the mortgage insurers, bankers, and creditors, credit scoring organizations and requires some sort of mandate on loan modifications and lending rates it just won’t be a long term solution. The housing portion of the economic stimulus plan just doesn’t subsidize interest rate reductions for borrowers in a way that will spur demand and recreate a housing economy that will benefit everyone in the long run.

]]> http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand-2/feed 0 Obama’s Stimulus Plan: We Need Mandates to Spur Demand http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand#comments Sat, 14 Nov 2009 22:02:59 +0000 daka http://www.makecahome.com/obamas-stimulus-plan-we-need-mandates-to-spur-demand For those 9 million Americans classified as struggling homeowners the idea that $275 billion is being pumped into the housing sector through President Obama’s recently unveiled stimulus plan gives an initial ray of hope. But from where I sit as a long time realtor, business owner and community activist, it looks like the right hand doesn’t know what the left hand is doing.Here are the details. Of that $275 billion being pumped into the economy the expectation is that about 5 million homeowners who have little equity or are upside down in their mortgages will be able to refinance through Fannie Mae or Freddie Mac. $200 billion has been allocated to back these entities. The other $75 billion is supposed to encourage lenders to make loan term modifications for those in foreclosure, or who are at risk of going into foreclosure. So what’s missing?Missing: No Cohesive Plan, No Mandate for IndustryBasically, there are 3 things missing here.1) It’s not enough.Ok- I understand that some of the money needs to go to drive jobs in other sectors of the economy. But when it’s going to bailouts that fund already failing car manufacturers, that just takes money away from where it would be most effective. There are a lot of folks angry at the idea of helping out an individual homeowner who got in over his head. Yet we’re bailing out CEOs of major businesses instead of funneling that money to keep the housing economy viable.2) No mandates for CreditorsWhat good will any of this do if qualified people still can’t get home loans? Every day I see banks and creditors refusing to make loans or modify loans. I see people with high credit scores waiting months for loans. This hurts us all!What about the whole credit rating system? Why don’t we hear anything about how Equifax, Experian, Transunion are impacting this crisis? There should be mandates that require these organizations to report credit accurately. Where do they play in the scheme of things? I’ve heard that there is a new scoring model coming out for FICO. No one understood the rules on the last one. Is this any different?Frankly, until there are mandates to make adjustments the banks and creditors and credit raters aren’t going to do it. More houses will sit empty and more folks will continue to lose their homes. It’s a vicious circle.3) No Cohesive PlanI heard HUD secretary Shaun Donovan the other night explaining how the stimulus plan will help bring some “underwater” homeowner payments down to 31% of income, if they are backed by Fannie Mae or Freddie Mac. What I didn’t hear was how the mortgage insurers play into this whole deal. That’s why I feel that this whole plan is so one sided. Incentives are just a drop in the bucket.From Where I SitHere’s my unique perspective. I host a real estate talk show at www.WeTalkRealEstate.com and sponsor a social network for real estate professionals at www.WeTalk247.com . Everyday I hear from the people most impacted by this whole situation. The callers to my show and podcast are homeowners, people facing foreclosure, and realtors all trying to make it through this crisis. Some of Obama’s stimulus incentives will help some of these folks. What it won’t do is enable many who want to buy to do so.Without a cohesive plan that includes the mortgage insurers, bankers, and creditors, credit scoring organizations and requires some sort of mandate on loan modifications and lending rates it just won’t be a long term solution. The housing portion of the economic stimulus plan just doesn’t subsidize interest rate reductions for borrowers in a way that will spur demand and recreate a housing economy that will benefit everyone in the long run.

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