Will Obama be good for Real Estate?

By
Services for Real Estate Pros with Myrtle-Beach.com

Wealth Redistribution and Bail outs.  Obviously those of us who are in the Real Estate profession or in marketing the Real Estate profession are at the center of politics this Fall 2008.

Polls indicate that Senator Obama has a commanding lead.

Should he become President,  how will his policies affect our industry?   Will taxing small businesses and large corporations that make more than $250,000.00 in income help move the over supply that currently exists in our unsold product?

Are Bank Bailouts, Insurance Bail outs, and Bank takeovers by our government good for our industry?

I really would like your input here.  I will be marketing Myrtle Beach Real Estate products for our local area in 2009 and I have more questions right now than answers. 

Comments (42)

Melody Anderson
Melody L Anderson - Camdenton, MO

I think Obama has the capacity to inspire people to do, and be, more than we have settled to be.  For me, this means so much and I will gladly pay a few dollars more in taxes, if necessary, today as down payment for my children's tomorrow.   This country needs a direction - a dedication to sacrifice today towards building infrastrure, green technologies, and better educating our kids.  We need to make tough choices and it will take someone of Obama's talent to set us on these courses.  I'm convinced he has the ability.  And I'm willing to take the chance - as the alternative is truly 'more of the same' - just packaged in a 'mavericky' suit.  And besides, who genuinely relishes the idea of a Palin Presidency during these complicated and delicate times? That prospect sends shivers!

Oct 28, 2008 04:03 PM
Ken & Linda Pillard
United Country - California Properties - Woodland, CA
ABR, ALC, CRS,CDPE,SRES

Sounds so good....to good to be true.  Barack Hussien Obama is a polished speakers. However, there is NO meat to his content.  What his he going to "change"  He tells the people what he wants to hear, As a senator he has lead no one other than a group of boyscotts. He has NOT made any significant accomplishments nor has he done anything on his own in the senates office that is worth talking about. Voting for a man that you really don't know is a dangerous decision.  Rest Assured if you did and you saw how much more you will be taxed and how your wealth is going to be spread around to others in this country that do NOT want to make an effort to become successful on there own I applaud you for wanting to share your income and take away from your immediate family. I have some meaty factual documentation about Hussien....Obama...If you are interested I would glady share them with you.

Oct 29, 2008 12:23 AM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

No he will not be good.  His tax advisers want the capital gains tax changed.  Instead of tax free up to 500K you now will pay 140K taxes.  The upper end real estate market will collapse.  No speculation here.  Have you wondered why a lot a persons are not buying?  This is a big part of the reason.  They look at their investments.

Oct 29, 2008 02:17 AM
Myrtle Beach South Carolina Marketing
Myrtle-Beach.com - Myrtle Beach, SC

Do you guys believe he will win.

Oct 29, 2008 02:29 AM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Myrtle Beach South Carolina Marketing (Myrtle-Beach.com)   No I do not think Obama will win  The press wants him to win.  Anyone that can think for themselves do real research and weight their own facts without voting party lines will not vote for him.

Oct 29, 2008 03:27 AM
Myrtle Beach South Carolina Marketing
Myrtle-Beach.com - Myrtle Beach, SC

The press has given him such a commanding lead...

It will be interesting to see how this shakes out.

Oct 29, 2008 07:45 AM
Deanne Nelson
Future Home Realty - Tampa, FL

Gee, anyone who thinks that we "redistributed" wealth in the bailout (and I do NOT agree w/ the bailout) doesn't understand what redistribution is.  First, it is NOT giving more to the already wealthy, which....possibly has happened w/ SOME of the $$ from the bailout.  Of course, that would include the $30 MIL. that Nancy Pelosi earmarked for DelMonte foods, which she owns a large share of stock in,....Is that what you mean by "change"?  Or maybe what you mean by "redistribution" or "clone"???

  Or, check this out.  When California raised the minimum wage...DelMonte was "exempt" to keep "prices competetive"...which made stock prices rise....oh yah....who owns a large portion of stock again?  Can you all say it together??? Nancy Pelosi!

OK....Obama's plan to increase taxes is now down to $200,000.  He has changed many details over the months (if you follow his website changes) to fit whatever the people were saying which would gain him votes.  Now, w/ Biden's $150,000...we're on a slope down to probably about $50,000. 

Ask yourselves if you want this change...let's figure this out.  Sure, maybe the multi millionaire could pay a few more dollars, no doubt...BUT...the guy who will get HURT is the $250,000 to $500,000 guy.  No why?  His business runs very close to the edge ALL the time.  Payroll taxes will go up...min wage...$9.50??? (yesterday's proposal by Obama)...MANDATORY health care?  I can tell you right now, our landscaping company cannot afford this.  We are a fledgling business....can't do it.  Those expenses will FAR outweigh ANY tax savings......

How is Obama going to pay for his new spending???  Well, Nancy Pelosi is suggesting they remove the 401K tax benefits...OK...let's think this through....What do they do w/401K?  INvest it in the stockmarket...ok...let's take away the benefits.  Now, why would anyone put money in it?  If they have to pay tax on it anyway, they'll just spend it.  Two problems, we are not a nation of savers, and now we just made it worse, NOW, they take millions out of the stock market. 

People, PLEASE think long and hard.  Get past the "grand speeches" (which I think he stutters terribly, but, ok).  LISTEN to the words.  STUDY what he REALLY has done.  DON'T vote on emotion!  This is one time in your life you need to REALLY weigh the odds.

McCain...perfect?  NO.  BUT....he did what was right 30 yrs. ago when NOBODY was looking. He will do what is right now.  He at least has a plan for homeowners he would like to implement. He is the FIRST guy I've heard saying "spending" has to go down.  When your household budget is in trouble, what do you do?  QUIT spending.  It is the same philosophy in gov't.  Cut it back, stop....look @ what is needed and reassess what is necessary and what is luxury.

Ok.  That's my "stump speech".  But, I urge you.  This is NOT a change you will want.  It will tank our economy.  Even Biden says it won't look like we made the right decisions.

Oct 29, 2008 08:25 AM
Myrtle Beach South Carolina Marketing
Myrtle-Beach.com - Myrtle Beach, SC

Deanne,

You are so informed....  You go girl!!!

Oct 29, 2008 08:31 AM
Ken & Linda Pillard
United Country - California Properties - Woodland, CA
ABR, ALC, CRS,CDPE,SRES

Thank you Thank you Thank you for your FACTS.  I could have not said it better.  Hussien Obama is enough for me.  You said it perfectly.  Please everyone. Vote for the lesser evil which is McCain.  Hussien is not a candidate we want in office. He will  kill your dreams, goal,  and what the USA... stands it grounds on.  IT WILL BE A CHANGE YOU DO NOT WANT!!!!!

Oct 29, 2008 08:49 AM
Deanne Nelson
Future Home Realty - Tampa, FL

I've been studying this election for a LONNNNGGG time.  I'm nobody special, just a common sense person.  I don't get swayed by speeches and glamour...never have..so sorry...but....

One more thought.  (common sense again).  When your child comes in late and they don't want to tell you what they were doing, or they don't want to get too close to you (cuz they had a beer)...doesn't your gut tell you they've been up to something?  Or when they're small and you walk in the room and they are all quiet??  And you are ALWAYS right...correct?

Take a look at why the LA Times is not releasing this tape.  Why???  Rather ask yourself, why wouldn't they???  Cuz, you might smell the beer on their breath, or they're all huddled in the corner being quiet...

Get my point?  Think common sense folks.  Study the facts and vote w/ education, not emotion.

Oct 29, 2008 10:22 AM
Ken & Linda Pillard
United Country - California Properties - Woodland, CA
ABR, ALC, CRS,CDPE,SRES

Yes vote with education and that is why I am for McCain....our emotions want change....but our right side of the brain says...McCain.... So with your studing what did you uncover? would love to hear!!

Oct 29, 2008 10:51 AM
Anonymous
Deanne Nelson

Well, first, Chicago Politics:

Since my husband was born & raised in the Chicagoland area, we are more than familiar with the workings of this area.  The people that Obama is connected with there are definitely not people that one would want to turn your back on.  Take Rezco for example.  The real estate deal that was so sweet for Obama, though performed correctly is suspect from the beginning to end in it's availability,pricing and interest rates.  Deals like this (in the REAL world of scratch my back.....) do not come w/o a price.  Most people are very naive to these types of things because they just don't want to believe that it really happens very often, you know...sort of a movie type line.  Unfortunately, it is VERY common.  Now, again, common sense, let's give him the benefit of the doubt....sorta under the table, but kept it legal...one HAS to ask..is this REALLY the actions of a man who is interested in the middle class?  No.  This is the action of a man who is intent on furthering his own agenda. 

The secrets that surround this man are unbelievable.  His "driver" Michael Signator, a police officer in Chicago, is virtually an unseen person in this campaign.  HOwever, he owns a home about an hour from the Obama's AND an apartment very close to them.  HOW does a cop have that kind of income???  Obama's campaign didn't even know the guy was on the payroll and denied it, until it was proven that he was.  He started as a driver and was paid $50,000 last yr. by Obama and I believe between $40 - 50,000 this year.  Can anyone afford both a house AND an apartment in an expensive neighborhood in Chicago, on that amount of money?  WHY is he such a secret.  I've only been able to find one photo of him at this point.  Obama went there one day to "workout" and was there for 15 mins'....???ok???  He went there very frequently during the VP decision making process.  This guy will NOT speak to anyone and is kept hidden yet he is a very close confidante of his.  This is only TOO odd to put into words, though I have some personal thoughts.

There is a law suit that was just recently dismissed in Pennsylvania concerning the birth certificate of Barack Obama.  This was just dismissed last week.  The odd thing is that though the lawsuit was dismissed, his birth certificate in Hawaii has been sealed and the courts will not allow it to be seen...???HUH???  Why?  Well, the lawsuit claims that it is a forged birth certificate and he is NOT a US citizen.  So, if it's dismissed, why not let the birth certificate be seen?  You have to figure that one out.

 Michelle's thesis she wrote @ Princeton.  I spent over 3 hrs. studying it as I didn't want to go on what other people were saying about it.   I am paraphrasing from notes I took.  I am not quoting any of the paper directly.

I came to the following conclusions after studying, reading, re-reading, taking notes:  It is true, she was "seeking" who she was at that age and where her life would take her.  However, what she concluded in her study was that Princeton was racially imbalanced in the favor of white students.  She also feared AND concluded that when a black person leaves behind their black community behind and progresses, they become more "white". She indicated that the more one integrates w/ the white community the more they forget the black community, thus separationists were more apt to help their community. She also concluded that they feel "guilty" for this and even used the word betrayal to describe it.  They should try to go back and bring them along.  However, she also concluded that in trying to do so, there was a resistance to this, because the community then felt a difference to them.  I believe it was a thought that they felt a helplessness, which I can concur...if in an environment, a learned behavior develops.  However, she wrote at great length discussing the desire or lack thereof to help the lower black class.

What I see in this writing is that her husband's philosophy then is fatally flawed.  If her conclusions from her thesis hold true, then when one "spreads the wealth" around...the person who is in the lesser or worse off condition if you will....won't actually progress with this because the thought is so ingrained and by giving them a hand out, you do not give them a hand up. PLUS...the hardest thing to teach anyone in a learned behavior is to learn a new behavior.  I don't care about color...anyone who has lived in an environment most likely will stay in that environment.  So, by her own writings her husband's philosophies of "spreading the wealth" won't work as most people who will receive these handouts will do nothing to "earn" their own money.

It's sorta hard to put it in writing in w/o actually writing a "paper" on it myself, but hope it makes sense. You can read her thesis (which the campaign did NOT want out there at first) on politico's website.  It's very long and involved, but it's all there.

Well, that's enough on that post. Those are just a couple of investigative things we have found and studied.  More later on!

 

Oct 29, 2008 11:47 AM
#34
Deanne Nelson
Future Home Realty - Tampa, FL

Let's talk healthcare.

Why do you think Canadians come to the United States for our Dr's?  Because they can't get into the specialists they need for months and months.  This will happen here under a nationalized healthcare program.  My personal banker is from Poland.  They have nationalized healthcare. Her mother needs to see a specialist, can't come to the US and it will be a possible 6 months before she gets into one.  This could cost her life!

His plan says that he will give small businesses a tax credit for having insurance for employees..what it doesn't say is how much...nor does it point out the cost of trying to carry insurance for that employee.  The cost will so far outweigh AND...the employer , nor the employee doesn't get to pick their plan..this is HIS insurance plan.  Let's face it...a 25 yr. old doesn't need the same type of insurance, say a 50 yr. old needs.....

He says he will ensure that "everyone who needs it" (from his website) will receive a tax credit for their premiums....well...how do we reach that conclusion?  WHO will need it?  WHO will qualify for it?

Now he wants jobs here, but he wants to import medicines from other countries to allow more generic medicines.  OK...I'm all for generic medicine.  Why not develop it here????  He's so HEP on having more jobs here... ???  Or does that just fit his "agenda"?

He says that if you like your insurance, you can keep it, but your costs will go down $2500. HOW???  Because those companies will either become nationalized, or they'll close...mark my words.  More jobs gone.

Now, for McCain's plan.  I challenge anyone to go to McCain's website where there is s CHART on your savings, costs, net savings, etc.  I will not try to put it all in words.  If you go to both websites and read, (it was easier to describe Obama's cuz it was mostly overview salesmanship) you will be able to make an educated decision...black & white.

Oct 29, 2008 12:23 PM
Steve Elmore
The Elmore Group with Re/Max Associates - Louisville, KY
ReMax Associates Realtor

In my opinion, no. 

Oct 29, 2008 12:26 PM
Deanne Nelson
Future Home Realty - Tampa, FL

Foreign policy....promising all these things that he can't fund w/o more spending, which he claims he is cutting & Barney Frank has already gone in and told them...we're cutting military spending by 25%....ok??? so, how is he gonna do all this defending (which you can't win a war playing defense...ask any coach)

By the way, Barny Frank has a VERY personal connection to Fannie Mae / Freddie Mac.  He was in a VERY personal relationship in the past w/ one of the high execs.  Ummm....possibly a little emotional swaying there?  I would think so....

The Dem's are very intertwined in all this. I mention this only because though I do believe there has been some issues w/ the Bush administration, it is not totally to blame.  9/11 had a terrible impact on this country/economy.  I do believe some of the "letting the housing market go" was a response to this in a sorta..."let's ride the wave", it's not broke right now thinking.  Human nature is to think it will never end as most thought, however what goes up must come down.  At any rate, I will conclude w/ this:

This problem we are in will take someone who has a great respect on Capitol Hill.  Senator Obama has the most liberal voting record in the Senate at this time.  Joe Biden has the third.  Obama received one of the highest amounts of money from Fannie Mae/Freddie Mac as any other senators.  Do you REALLY think he is capable of reaching across the aisle?  It's pretty hard to reach across the aisle when your seat is clear at the opposite end of the row.

John McCAin, though not perfect, has a DEEP respect among the other people on the Hill.  Even his strongest counterparts can remark nothing bad about him except that he can get tempered up a little...well, can't we all.  His reach will be a LOT closer to the aisle.

Another day...other topics.  Sorry to go on and on...you asked.

Oct 29, 2008 12:32 PM
Myrtle Beach South Carolina Marketing
Myrtle-Beach.com - Myrtle Beach, SC

I see the polls now tightening.  Can McCain win?  Media says no...

 

Oct 30, 2008 03:10 AM
Myrtle Beach South Carolina Marketing
Myrtle-Beach.com - Myrtle Beach, SC

What did you guys think of the Obamamercial last night?

Oct 30, 2008 09:41 AM
Deanne Nelson
Future Home Realty - Tampa, FL

I say yes, he can win.  5 days and counting.

The Infomercial was a flatliner.  By that I mean he didn't say anything new, or exciting that would necessarily swing voters.  No specifics, which might have helped, but it was rather dull actually.  Personal opinion...I thought it was very arrogant and presumptious to have a set similar to the oval office.

Oct 30, 2008 11:34 AM
Myrtle Beach South Carolina Marketing
Myrtle-Beach.com - Myrtle Beach, SC

The White house setting was a little over the top. 

Oct 30, 2008 12:09 PM
Myrtle Beach South Carolina Marketing
Myrtle-Beach.com - Myrtle Beach, SC

Is everyone ready to vote?  Have you voted already?

Oct 31, 2008 08:58 AM