What's Freedom(1): Keep Eyes Open and Don't Shut Choice Out! (edit/delete)

Special Features: Here Comes Your Stimulus Bonus- CNNMoney.com

President Obama has promised to plump paychecks -- and he'll be starting soon. Find out how much workers can expect and learn whether or not you qualify.

(NOTE: How much is the money Obama talking about?  Find it out.  I am a poor guy, but I have never been bothered by a $1,000 purchase, even it is a impulsive.  I give out $30 loan to anyone in my neighborhood without brain or hesitation.   To me, that action won't cast me a leg or arm.  No harm at all. 

But what is big or small?  See, I can't even think of buying a property with starting bid price of $100 million or willing to be forfeited $1 million deposit as those big ladies or guys (Apartment Buyers Abandoning 6-Figure Deposits.)  To a lot of people, $1 million is just like $1 in my pocket as those big VIPs talk about $1 Trillion without raising their eyelids. 

So, big or small is a question of relativity.  Now we have one BIG Big guy who is so proud of talking to give us a petty money every month. 

He is so kind to give us more monthly allowance.  That's right, $15 to $30 a month on your paycheck.  Great!  Who is He?  That's our President who has a good mind as a detailed maid to "well-manage" our household. 

	Here comes your stimulus bonus, Big guy play petty money (尚未發行)
	時事評論｜財經	2009/04/01 02:52 ｜瀏覽 1｜回應 0｜推薦 0｜

Thank you, God! Can you give him just a little bit other kind of mind to know "governing" strategy by looking at LP, i.e. Lager Picture and find out the total burden of our people to release the pain--- Please see this article after I pointed out nobody discuss the heavy tax wedge against American people: I cross it out because, after I post a draft, I am unable to locate the article I read a few days ago.  I will post it here if I find it.) 

Tue, 3/31/09, Perry wrote:

From: Perry P*** <perry@.com>
Subject: Re: Fw: "Texas Land Contract of $60,000"
To: etahoo.com
Date: Tuesday, March 31, 2009, 2:39 PM

et writes: Texas Land Contract of $60,000 for Sale Hi

Ed: This has to be a problem on my end and I still cannot access the photos but no matter as all doublewides look pretty much the same. Still did not get the 2nd note details either tho'.
How would you feel about an offer for PART of your note i.e. You keep the April and May 2009 payments of $644.76 each. We buy the next 117 payments and you keep the balloon payment of $30,000+.  We'd offer you $**,000 cash for the June 2009 pmt. onward and you would collect the balloon payment in 9 yrs.+. Let me know. Thank You. Perry

Thank you, Perry, In 9+ years, $644.76X118= $76081.68.  For that cash flow, you are willing to pay a lot of money.

Hmmm, if your return rate is 22%, you'll be happy to pay me $34,562.87 for 118 payments. So you'd like to pay me $**,000 (plus closing costs.) That's too kind an offer per my investment goal. I would get you much better return if we could work out a master plan I proposed to you.

Now, for me to get your money, is it simple and easy? No future liability?  If I need CASH in an emergency and have no other alternative. Yes, not bad a deal ! But, do I have other choice?

Hmmm, let me think about it. Yes, I do need some more cash than what I have in my pocket, if I will go for my purchase of next home in Arizona, Las Vegas, or SoCal.

Any freedom out there for me to choose?

(1) Go to my credit card. Just one phone set everything. Great way to get money I need!  I have to pay 3% of transfer fee, i.e. about $1,020 in advance and then be billed about $450-650 per month in the first year (even the promotional interest rate is 4.99%, but there is a 1-2% principle pay back.) All I have to do is sign my name and be executed (NOTE: Sorry, it is not me to be executed.  It is the note.  Nowadays, there is no need of signature.  As said, help is just one phone call away.)

Hmmm, that is just like keeping my note as a stable income source for me to pay back.  In the case, I am still possible to have some money of $100-200 left to me every month. $200 X 118= $23,600.  So in effect I get only **,000 from you, let don't mention my payment to credit card is gradually reduced every month along the line.  Is it worthy for me to be bothered to create a legal entanglement, if not a trouble, in the future?  Hmmm, I am a lazy guy and want to do things simple and naturally.

(2) Go to my friendly banker's office to sip a cup of coffee and ask her give me a personal (signature) loan without any document, in the worse case pledging my note as a security collateral?

(3) My banker friend used to tell me "no problem to give you $100,000 loan at any time, just ask and sign." Time changes as Chase bank recalled one of my credit cards of $35,000 line of credit, due to 2 year "inactive." (Don't blame Chase, it is very difficult for them to keep that line for me idle since they are short of cash liquidity.)If she is not so friendly as she used to be, what I could sweet the deal? Hmmm, maybe I have to threw in my new house as security in addition?

(4) Call my "Big Brother" Eugene and his lovely wife, the richest friends to me, to ask their favor as I did last time in May 1997.  They didn't want to charge me interest as my lady Ambassador friend Marietta and her husband gave me a loan of $35,000 without security, even a written note, in 1988; but I insisted.  I got a hard money loan of 12%, interest only, no any junk fee in advance. I refinanced my purchase and only paid them 3 monthly interest payments and I made a "negative down" deal, better than Robert Allen's "zero down." At end, I put an additional $34,000 in my pocket and better, it is tax-free.  (NOTE: I mentioned this case in my AR previous articles.  May I ask how much is my return rate after the deal finalized?)

But I have never asked help from anyone, including them, since then. Even Sharon and Eugene still keep asking me FREE legal advice from California, I've never initiated a phone call to them? About 8 months ago, I advised them to post a "foreclosure" against one of their properties in order to solve a property title cloud after their mom passed away 7 years ago, without will.  Their attorney who suggested to go to a probate court switched to my strategy even he said "crazy" at the first hearing of my idea. But I succeed in convincing him to finally say "capital idea!" in legal practice. Now they completed the volunteer "foreclosure" themselves and have a clean title.

However, I do have a big problem in asking a favor from anyone. That's against my Principle I said to myself at the time I retired: "Never ask any financial or money help from others from now on."

Well, I am an easy and lazy guy, sell partial note is not my top priority. That creates too complicate legal situation to my simple mind, if not to those Obama‘s guys who love it.  It would be much appreciated if you could have us had a straight sale.

Do I have any other alternatives?  Sure, I believe I do in this democratic society, not like those Obama's guys or politicians.  (NOTE:I came up an idea to better my seller financing to cope with Obama's home buyer's $8,000 tax refundable credit.  Do you know what it is?)

*** *** ***

NOTE:After I checked into it,  I came up an idea to better my seller financing to cope with Obama's home buyer's $8,000 tax refundable credit*.  Do you know what it is?  The Oop Depression tax credit plan has been estimated to cost our government revenue about $39 billion**(NOTE: I don't know where they get this figure: a lot of houses have to be bought.  At least, in theory, 5 million houses have to be sold.  That's about our normal sales volume a year.  But even we assume all the house purchases qualify for the full amount of credit, at this slowdown market, do you think it making sense to project this huge revenue loss? ) Mind you that there is no ceiling cap limit set on this tax credit in our Federal budget, unlike California which set a budget limit of $100 million. 

Based on the current law and Chinese philosophy of "上有政策下有對策", It would be easy for me to legally incur 10 times the projected revenue loss to $390 billion if I could be in charge of a small size charity foundation.  Well, I am not greedy; $39 billion is too big money to get for my sales goal and too good to work on for now. 

My plan would be function like another subprime loan to the poor for an affordable housing, without its bubble effects.  Trust me, NO way for New York attorney general Guamo to accuse me of something like Madolff case or Chase bank recent credit card membership surcharge of $4.4 millions.  Because I don't like government regulation, I am going to navigate mainly in un-regulated "private economy." or, you may say, private citizen "automacy."

What's my plan in my mind?  Give you guys a hint.  There is a Chinese saying: "朝三暮四"i.e. even a monkey knows some basic laws of economics in face of his master/ government game play. 

*  The credit does not require repayment.  Most of the mechanics of the credit will be the same as under the 2008 rules:  the credit will be claimed on a tax return to reduce the purchaser's income tax liability.  If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser.

** Estimated cost: $39 billion.How stimulus can help your wallet