See we are so different!
The VIP have their top priority: Bankers.
As to me, a VSP, I have my bottom line: the grass roots of our American society.
Well, they are up there in the sky (or sick) branches; I am down here to the core roots.
Well, they want to inflate ABS value and keep housing price flying up through TARP for them to play with as a toy game; I just want housing price falling down to earth like the dust rests fast and in peace to be a shelter affordable to our Main Street Mr. Joe and to be a solid ground for a new growth of our national economy.
House: $/Sq. Ft. More Info
Summary Data
| |
 House |
Condo |
Total |
| Total Homes for Sale |
264 |
26 |
290 |
| For Sale By Owner |
2 |
0 |
2 |
| Bank- & MLS-listed Foreclosures |
142 |
9 |
151 |
| Median List Price |
$99K |
$186K |
$100K |
| Median Sold Price* |
$90K |
$205K |
$92K |
| Median List Price/Sq. Ft. |
$90 |
$141 |
$92 |
| Median Sold Price/Sq. Ft.* |
$81 |
$163 |
$83 |
| Median Days on Redfin* |
76.5 |
82 |
77 |
| % Homes with Price Reductions* |
50.9% |
60.9% |
51.6% |
| Median # Reductions* |
2 |
1 |
2 |
| Median Total % Reduction* |
27.5% |
16.0% |
25.2% |
| % Sale to List Price* |
96.5% |
- |
96.7% |
*Based on homes sold or taken off market in the last 90 days
Well, they want to use government intervention to ease the gravity to increase the value, if any, of Trouble Asset (the first two letter of TARP.) I prefer to let the nature run its course, continue the driving inertia of the above curve in the case mentioned and finanlly and naturally go to an equilibrium, even the speed of falling has increased.
Well, they love to play a role as my rich grandpa did to my junior uncle: give monthly petty allowance to subsidize those misfortune in order to show they are "Big Brothers" with huge capability and so persistent charitable kindness. I will take a totally different approach to trust our people by giving them a lump sum of money, at least enough down payment or seed capital, to do or initiate whatever they want.
I mean I will try give them a "free and clear" permanent housing, if possible, instead of helping them pay rent. For example, in the case I referred to, that means I will give the poor a house of $25,000 immediately, not trying to keep the bubbled price of $338,000 up in the sky high and then try to "reduce" the principal or to "modify" the terms of loan in the name of my "mercy."
In other words, I will let them have no problem to go fishing by themselves, not give them a fish by me and pride myself by so-called "charity" or "government welfare plans" when they cry out of hunger. Please, with your deep kind and calm thoughts, take a good look at the article: Homelessness Official Wins Praise With Focus on Permanent Housing
Well, they love to show you that they are working hard day and night everyday to deserve the salary and hope; I am just a lazy guy who doesn't want to be a stock day-trader, did I say that before?
So to speak, different people, different position, different life style. I understand.
;)
;)
