I Won!!!
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.
<”I doubt that proposal would be constitutional.”>
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HaHaHaHa - that’s a riotous statement!
(I can’t take this anymore-I’m cracking)
apologies for double post........
Why bother with single family homes? Huge dormitories with assigned bunks would be so much better.
Oh, goodie. We needed more strings-attached government ideas.
Someone who can put up a lot of cash for a home will be in a great position to outbid others . . . and that's a very good thing.
When has that ever NOT been the case? Those with cash can always outbid those who don't. It's axiomatic. How is that a "good" thing?
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.
Feh. You've obviously not spent a lot of time observing government. The "idiocy" you note has been a direct result of government getting involved, and pushing banks to offer things like "subprime" mortgages. Barney Frank was warned against this kind of thing back in 2002, and he explicitly stated that he "wanted to roll the dice", so that those who can't afford homes can have a shot at them anyway. Moronic... and entirely the product of government, and NOT in the real estate industry.
(Lenders are somewhat culpable, since they were happy to float billions, if not trillions, in these new loans, knowing full well that the actuarial tables were screaming in disagreement... but since they got the green light from government to try to make some extra profits, I cannot blame them too much. The exacerbating problem is that government won't allow these banks to go under for making these bad choices. Once again, when we try to avoid natural economic consequences, even worse things pop up.)
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?
Gee, then we'd have laissez faire capitalism, and a nice little sale (and a heck of a commission!). Sadly, that isn't what's being offered here... and, by the way, do you honestly think that your hypothetical situation actually occurs in the real world in more than 0.0001% of all home purchases?
don’t apologize, he looks even more like Mussolini the second time round! :)
I guess we are going to “create or save” 3 or 4 million jobs because they are going to have to hire that many to become Federal Real Estate Assessors.
Look to KELO for the governments definition of “fair value”.
Yikes! You best check yourself and QUICK!
No problem. You won...
Haaaarvard MBA....
about ahundred dollars...
about ahundred dollars...
about ahundred dollars...
about ahundred dollars...
about ahundred dollars...
government determining the “needs”
we actually have that now. In the bankrupcty code, the IRS sets a standard living allowance for the means test of each reagion. some are more some are less. However this is what is set in order to forse some into the peonage of chapter 13 rather than allowing the chapter 7 filing.
keep in mind, after everything is filed out and approved you often end up with a ZERO per month payment in chapter 13 due to the absurd peonage rule.
ping
ping
No, NO, NO. You would need to sell on March 14. That way you have a piece of the pi.
I’m listening to Avi who had an economist on from the Heritage Foundation. Invariably I learn something when Nelson subs on WRKO.
The fisrt step to imputed income, and more taxes.
You know, the Cook Islands are looking much better every day....
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