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Published on Mar 22, 2014 by yazchat
Michael Cristofaro talks eminent domain [Kelo v. City of New London]
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Posts Tagged ‘Real Estate’
Seized Property Lies Vacant 9 Years After Landmark Eminent Domain Case
by 1389AD ( 28 Comments › )Filed under SCOTUS at March 26th, 2014 - 6:00 pm
Mitt Romney helped a poor couple buy a home
by Phantom Ace ( 1 Comment › )Filed under Business, Elections 2012, Headlines, Mitt Romney at August 10th, 2012 - 2:16 pm
Mitt Romney is the target of the most vicious ruthless assault ever seen in recent political times. He is being portrayed as an evil sinister monster. I am no fan of Romney,.but this is bunch of baloney. If anything Romney is your typical Rockefeller Milquetoast Moderate, not seem fire breathing monster. The NY Times for some odd reason ran a positive story about him. It turns out, Mitt Romney helped a poor family buy a house.
MISSOURI CITY, Tex. — Look closely and it is there, sandwiched between Goldman Sachs Hedge Fund Partners II and D3 Family Bulldog Fund: the mortgage on Timothy and Betty Stamps’s modest home on Gentle Bend Drive here.
Nearly lost among the blizzard of hedge funds, thoroughbred horses and other gold-plated investments in Mitt Romney’s personal financial disclosures, the interest from the $50,500 mortgage is loose change to Mr. Romney, whose net worth has been estimated at close to a quarter-billion dollars.
Yet for the Stampses, who have been writing $600 monthly checks to “Willard M. Romney” for 15 years, the money they borrowed from him to buy their home in 1997 was life-changing.
[….]
Mr. Stamps said that he and his wife had received calls in recent months from strangers who “seemed to be looking for negative stuff” about Mr. Romney, but that the couple had nothing to say to them. (The Stampses recently refinanced the original 30-year loan; the new mortgage, still with Mr. Romney, was dated June 12 but signed just two weeks ago. Details of the interest rate were not included in the public record.)
[….]
When Mr. Stamps took the call from Mr. Romney, he and his wife, a nurse, had all but given up hope of being able to buy the house they had been renting for five years. Mr. Romney told him it looked like the couple had been taking good care of the property and that “we would be good people to buy it,” said Mr. Stamps. Mr. Stamps said he never heard from Mr. Romney again, and only became aware of who he was when he started running for president four years ago.
Mitt Romney should get this story out. He needs to counter this portrayal as an evil monster, by highlighting people’s lives he help. Mitt needs to take a 2 track approach. Use Alinsky tactics to destroy Obama the symbol and make him into the failed politician he is and stories about how Romney helped people’s lives. The clock is ticking and Romney needs to counter attack, or Obama will win again.
Media proclaims new Housing Boom!
by Phantom Ace ( 1 Comment › )Filed under Economy, Headlines at June 26th, 2012 - 12:52 pm
Despite evidence the economy is in the tank, the Progressive media proclaims the housing market is booming. One month of decent data, they calla spike! This leads the media to claim things are hunky dory again in real estate.
For the first time in seven months, home prices as recorded on the S&P/Case Shiller Home price Indices saw month-to month gains. The press release even referred to it as a “spike.” A 1.3 percent rise for the 10 and 20 city composites. When you seasonally adjust, the number dips to 0.7 percent, but it is still in the positive, and these days in housing, that apparently constitutes a spike.
“Some of this is probably because this is the spring selling season really hitting its stride,” notes S&P’s David Blitzer, “but certainly not all of it. My guess is half of what we’re seeing is real gains, not just seasonal shifts.”
[….]So is this the end? Have home prices nowhere to go but up? The analysts aren’t so sure.
“We are coming back and this looks like a solid turn. It’s going to take a few more months to cement all the evidence in place, but it looks very good,” said Blitzer.
The Obama Boom is dead, long live the new Housing Boom! Does the media really think people can believe this crap?
The Obama Boom: Housing starts fall; housing permits rise!
by Phantom Ace ( 2 Comments › )Filed under Economy, Headlines at March 20th, 2012 - 10:09 am
The Obama Boom defies more economic rules again. Last month, housing starts dipped. Clearly demand is not a strong as the media would claim. Despite this drop, permits for new housing jumped to its highest level since 2008. Clearly something is out of whack here!
U.S. housing starts fell in February, but permits for future construction jumped to their highest level since October 2008, according to a government report on Tuesday that showed steady improvement in the housing market.
The Commerce Department said housing starts slipped 1.1 percent to a seasonally adjusted annual rate of 698,000 units. January’s starts were revised up to a 706,000-unit pace from a previously reported 699,000 unit rate.
Economists polled by Reuters had forecast housing starts little changed at a 700,000-unit rate. Compared to February last year, residential construction was up 34.7 percent, the biggest year-on-year rise since April 2010.
New building permits surged 5.1 percent to a 717,000-unit pace last month, far exceeding economists’ expectations for an advance to a 690,000-unit pace from January’s 682,000-unit rate.
This report is very contradictory. Actual sales are not increasing but expectations are. Clearly the home builders have bought into the Obama boom myth.
