Posted on 02/18/2009 12:45:39 PM PST by pabianice
Per Jay Severin on WTKK: He is certain that before the end of 2009, Obama will pass a law which makes a federal government assessment a requirement before a home-owner can sell his property. The assessment will be to ensure that the house is sold at a "fair" price. The home-owner will have no say in the matter.
Severin can be a rabble-rouser at times, but his experience and success in politics makes this announcement chilling. In a month, Obama-Pelosi-Reid have ended American capitalism. Today's demand by Obama that we responsible people pay the mortgages of deadbeats and illegal aliens is a knife in the back of capitalism. All we have to look forward to is Soviet Union-style government and an end to capitalism.
Well, he does own most of the mortgages now... that is on his agenda...
Yeah, it’s about time we scrapped that antiquated supply and demand axiom to establish prices. /s
Everyday I hear more and more news of this rapidly developing socialism and it f’ng pisses me the f’ck off that NOBODY who has the authority to do so is challenging it!
Based on the idiocy we've seen in real estate over the last few years, the government can't do any worse than the banking and real estate appraisal industries have already done.
What if someone wants to sell their home for 50% more than the appraised value? What if a willing buyer can be found at that price?
If the gov is going to set a “fair” price, will they also adjust my property tax to a “fair” amount? I noticed my was still screaming upward this year.
Sounds bad, but most lenders require an appraisal of the home before they’ll lend, and most homes are financed by mortgages. So I’m not sure what he’s getting at.
There were a lot of fake appraisals so people could get mortgages worth more than the house was really worth and skip, but that ought to be criminally prosecuted under existing fraud laws.
I doubt that proposal would be constitutional.
And this assessment comes from Haavaaad MBAs who’d flunk a simple pre-physics math class?
BINGO! They intend to control all prices and profits.
Good post Comrade.
How quaint. You've mentioned the Constitution as if it's supposed to be some kind of check on Federal power... Your thinking is dangerously old fashioned.
That is because to challenge it would be rocking the boat & if you think that your congress sh*t bag is gona risk that regardless of party you are mistaken .
You will have to wait until a fat woman from Jamaica whose hair is clipped very short and died blond or red, and who is wearing some variant of a dashiki, comes and appraises the house. It will take a long time, because such women are always very busy self-actualizing and so forth.
What the . . .?
In a month, Obama-Pelosi-Reid have ended American capitalism. Today’s demand by Obama that we responsible people pay the mortgages of deadbeats and illegal aliens is a knife in the back of capitalism. All we have to look forward to is Soviet Union-style government and an end to capitalism.
:::::::::::::
They will try and get away with all the Stalinism they can, that the American people allow. It is clearly up to the American citizen to put an end to this takeover of America.
Wow, these bastards are plunging head first into the socialism cesspool, aren’t they?
They must have been emboldened by the election of a Marxist.
But they still have to contend with the states - and they’re starting to rumble & grumble already.
You can't sell the house until your Fedpraisal is done.
---When can I have it done?
March 12.... 2011.
Obama said today people will have to accept their home values won’t increase 20% a year. Now just how will they DEPRESS home values?
Factor that in with all the recent commentary attacking long term investment in the market as unsafe, and Barney Frank’s comment that they want CEO’s prevented from taking business “risks” that can cause losses.
They plan to control all aspects of the economy all investments will be a new social security type plan.
Greedy Governments In Conflict:
Meanwhile some local governments are fighting reduced appraisals on short sales because of the resultant loss of tax revenue.
If a lender forgives $100,000 on a $300,000 mortgage to permit a short sale, some local governments want the sale listed at $300,000 and want the new appraisal based on that value, not the short sale price of $200,000.
That way they can tax the sale and the property at the higher amount.
But that could lead to the $100,000 becoming income for the seller as far as the state and federal governments are concerned.
Greedy governments fighting over the last crumbs.
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