What happened to all of the doom and gloom economic threads?

[richard_daily]

Ok, if you say so. , as you know best and you know EXACTLY what happened.

(by the way, because there was a "bidding war" of sorts, and all of this was coming in rather quickly, then perhaps in the fact that there was not time for me to sign what I would have, does not enter into your equation. As far as the escrow checks, you never mentioned them, you asked about a contract.)

It really should be of no concern for you if my house sold or not, unless, of course, you care to buy it. Then, a completely different story. If that is the case, please feel free to pm me.

So here's your summation of the way things supposedly played out:

You put your house on the market:

There was a "bidding war" and you got three signed offers (which would have included escrow checks had you actually accepted them).

All 3 offers backed out because Obama was re-elected.

You're now, less than two weeks later later, talking about investment companies taking over your property, or renting it.

Is that all correct?

 

[julybaby04]

So here's your summation of the way things supposedly played out:

You put your house on the market:

There was a "bidding war" and you got three signed offers (which would have included escrow checks had you actually accepted them).

All 3 offers backed out because Obama was re-elected.

You're now, less than two weeks later later, talking about investment companies taking over your property, or renting it.

Is that all correct?

The investment company came about because of a friend mentioned it.

The 3 offers were withdrawn, as I said, the first one the day after election, and they called my realtor. The next two were called by my realtor, one at a time, to let them know that their offer would be accepted, and they chose to not want the house any longer.

Did any of the 3 cite Obama's re-election as the reason? Nope. Do I blame them? Nope. (Hence the reason for thinking about an investment firm or auction).

I was asked if my life had been affected. I said yes. If I believe it was because of Obama being reelected, that is my opinion. The timing led to that opinion.

If that fact that I have one empty house that I am trying to sell makes me seem untruthful, then there is truly nothing more to be said about it. Truth be told, I have the one empty house and the one I live in now, that I would LOVE to sell. I have plans to move next summer and would like to not have these houses to deal with. Only one is on the market right now, but hopefully, after the new year, I will have the other ready to go.

 

[richard_daily]

The investment company came about because of a friend mentioned it.

The 3 offers were withdrawn, as I said, the first one the day after election, and they called my realtor. The next two were called by my realtor, one at a time, to let them know that their offer would be accepted, and they chose to not want the house any longer.

You said you accepted all three offers. Which one is it? Did you accept them, or not? Sounds like more BS.

Did any of the 3 cite Obama's re-election as the reason? Nope.

Actually, you stated that it was their reason...

Of course, but in the span of one month, I had 3 people bidding on a house I am selling....and all 3 have withdrawn bids. I don't really see how that is my personal responsibility when all three of the reasons were the election and fear of their own financial future.

(and in bidding, I mean, made offers).

That is very funny. Perhaps they have an indication of how much/or how little money they would have depending on the result of the election.

Someone's voting preference was never discussed. Could it be that there are people who just don't feel comfortable spending money because Obama was elected...no matter who they voted for?

Try to at least keep your lies straight.

If that fact that I have one empty house that I am trying to sell makes me seem untruthful, then there is truly nothing more to be said about it. Truth be told, I have the one empty house and the one I live in now, that I would LOVE to sell. I have plans to move next summer and would like to not have these houses to deal with. Only one is on the market right now, but hopefully, after the new year, I will have the other ready to go.

So you just bought a second house, and next year, you will have it "ready to go" on the market again?

 

[mercury14]

I was asked if my life had been affected. I said yes. If I believe it was because of Obama being reelected, that is my opinion. The timing led to that opinion.

She's playing her opinion game again.

 

[IrezumiKiss]

This is getting good.

http://hypnothai.files.wordpress.com/2012/03/scarjo_popcorn.gif

 

[julybaby04]

You said you accepted all three offers. Which one is it? Did you accept them, or not? Sounds like more BS.


I said the offers were made....I was ready to accept the last offer, which was the highest..


Actually, you stated that it was their reason...





Try to at least keep your lies straight.

They said it was financial reasons and concern for future. I said it was because of Obama, which is, to me, the same thing.


So you just bought a second house, and next year, you will have it "ready to go" on the market again?

I built a home and live in it now. There is some painting that still needs to be done to have it ready to go (to be put on the market)

 

[richard_daily]

I built a home and live in it now. There is some painting that still needs to be done to have it ready to go (to be put on the market)

Yes, and none of that answers any of the questions I had.

Why would you build a second home, only to put it on the market next year?

Do you have a large inheritance that you're trying to squander, because I can't think of any other reason for someone to go about dealing with properties in the way that you're describing in your posts.

 

[julybaby04]

Yes, and none of that answers any of the questions I had.

Why would you build a second home, only to put it on the market next year?

Do you have a large inheritance that you're trying to squander, because I can't think of any other reason for someone to go about dealing with properties in the way that you're describing in your posts.

Life circumstances change.

 

[islandman]

The offer was made, then they changed their minds. Call it what you wish to, "offer", "contract", whatever. If they had no interest in the house, the number would had never been given to their realtor and then shared with me.

As someone who purchased a home some 14 months ago, I can say with certainty that when your wallet is legally on the line, you know whether the piece of paper you have in front of you is an offer or contract. The former is a phone call; the latter can get you sued.

Not knowing the difference between the two is yet one more hole in this highly amusing story.

 

[RobDownSouth]

The investment company came about because of a friend mentioned it.

Your friend is no friend!

I've dealt with those investment companies, back when I owned rental properties.

They're small-scale vulture capitalists. They'll try and convince you to surrender any and all equity in your property as their "investment fee" or "management fee". Then they will make the payments on the existing mortgages (not having put a dime of equity into the place) and rent it out to tenants. Usually this requires a highly illegal wraparound mortgage, which is usually not recorded.

I typically went For Sale By Owner (FSBO) because I knew the neighborhoods pretty well and knew the value of property there. Inevitably I'd get some bird-dog who had been to a "Nothing Down!" seminar calling me and pitching these "investment company" services.

 

[richard_daily]

Life circumstances change.

So you built a new house, during an economic downturn, and when the housing market is at it's worst since the mid-70s, and somehow you want to blame Obama for your being stuck with a house that you can't sell?

 

[julybaby04]

Your friend is no friend!

I've dealt with those investment companies, back when I owned rental properties.

They're small-scale vulture capitalists. They'll try and convince you to surrender any and all equity in your property as their "investment fee" or "management fee". Then they will make the payments on the existing mortgages (not having put a dime of equity into the place) and rent it out to tenants. Usually this requires a highly illegal wraparound mortgage, which is usually not recorded.

I typically went For Sale By Owner (FSBO) because I knew the neighborhoods pretty well and knew the value of property there. Inevitably I'd get some bird-dog who had been to a "Nothing Down!" seminar calling me and pitching these "investment company" services.

Thank you for the advice. I have not done anything yet. I was going to call him and hear what he had to say.

 

[IrezumiKiss]

http://25.media.tumblr.com/tumblr_mdq1o0R8hE1r8o8q1o1_1280.jpg http://25.media.tumblr.com/tumblr_mdq1o0R8hE1r8o8q1o2_400.jpg

pinkohasspoken:

Somebody posted the first picture on Facebook, which apparently has been going around on the conservative circuit. When I saw it, I knew that the words on the sign were totally photoshopped. Nobody in the early 20th century made signs in computer font. So using a simple Google search, I found the real image. This is one of the problems with the modern technology and modern Republicanism/conservatism—nobody takes the time to do the research and verify whether the things they are reposting are true! They see an image that confirms their worldview and are complacent, instead of doing the work themselves to find out the real truths.

On that note, yes, Henry Ford DID hate unions, it’s a historical fact. HOWEVER, he gave his workers a good living wage and produced cars at a price that the middle class could afford. Ford was a GOOD capitalist.

goodreasonnews:

What of the fact that it’s corporate lobbyists for oil companies, not auto unions, who killed the electric car, setting us back in progress 30+ years? Isn’t that the more accurate comparison?

I think it says something that conservatives are always having to lie and distort facts to push their agenda.

abaldwin360:

In case you see this going around: faked!

 

[eyer]

Cost of Family Turkey Dinner 2012 Up from 2011...

...the cost of the bird itself has risen an astounding 3% in the last year.

Turkey, stuffing, mashed potatoes, green beans, rolls w/butter, cranberries, pumpkin pie, and beverages will set a family back slightly under $50 this year...

...that's up a whopping .28 from 2011.


Is there anyway to get this crippling cost covered by Obamacare?

 

[richard_daily]

...the cost of the bird itself has risen an astounding 3% in the last year.

Turkey, stuffing, mashed potatoes, green beans, rolls w/butter, cranberries, pumpkin pie, and beverages will set a family back slightly under $50 this year...

...that's up a whopping .28 from 2011.


Is there anyway to get this crippling cost covered by Obamacare?

.28 is a crippling cost to you?

Perhaps you have bigger problems than Obamacare, if that's truly the case.

 

[Sean Renaud]

More than Hostess are likely to shrug in the days to come.

Let em. They aren't holding up the world and that inane plot barely functioned in a fictional universe. The producers kept shrugging and time after time after time people rose to the occasion. They had to declare open war on every front.

.28 is a crippling cost to you?

Perhaps you have bigger problems than Obamacare, if that's truly the case.

I'm sure his decimal is the wrong place. I mean otherwise he should either praise Obama for a job well done keeping inflation low, or get on his case for what may be a case of stagflation.

 

[IrezumiKiss]

.28 is a crippling cost to you?

Perhaps you have bigger problems than Obamacare, if that's truly the case.

You forget, Eyer (supposedly) lives "off the grid."

That means when he hikes the fifty miles from his sweat lodge to the nearest roadside 7-Eleven and he sees milk and toilet paper increased by a quarter and three pennies, his Draconian-tight monthly budget is fucked.

 

[coastal-boy]

...the cost of the bird itself has risen an astounding 3% in the last year.

Turkey, stuffing, mashed potatoes, green beans, rolls w/butter, cranberries, pumpkin pie, and beverages will set a family back slightly under $50 this year...

...that's up a whopping .28 from 2011.


Is there anyway to get this crippling cost covered by Obamacare?

I wonder what average gas prices were last year at this time.

http://gasbuddy.com/gb_retail_price_chart.aspx

So, let's see if I can do this...wow...look at that...gas prices were higher when GW was president!!!

 

[richard_daily]

I'm sure his decimal is the wrong place. I mean otherwise he should either praise Obama for a job well done keeping inflation low, or get on his case for what may be a case of stagflation.

Shit, if it's $28.00, that's hardly "crippling", even to a homeless person.

You forget, Eyer (supposedly) lives "off the grid."

That means when he hikes the fifty miles from his sweat lodge to the nearest roadside 7-Eleven and he sees milk and toilet paper increased by a quarter and three pennies, his Draconian-tight monthly budget is fucked.

Maybe he can start camming with veteman to earn a few extra bucks?

 

[eyer]

Too friggin' funny...

 

[richard_daily]

Too friggin' funny...

You know, I was wondering if maybe this was the 2nd time that you were being funny.

 

[Busybody]

NIGGER CARE


Orlando Health to cut record number of jobs to save money


For the first time in its nearly 100-year history, Orlando Health is reducing its workforce by up to 400 positions starting immediately, hospital officials announced this morning.

The elimination of 300 to 400 jobs will occur in two phases, and represents a 2- to 3-percent decrease in the system’s 16,000 employees, said Orlando Health spokeswoman Kena Lewis. The reductions affect all departments and all eight of its hospitals, including Orlando Regional Medical Center and Arnold Palmer Hospital for Children.

The first wave of employees affected by the “labor expense reduction” portion of the initiative received their notices Friday, said Lewis. The next wave of downsizing will happen after the first of the year.

The non-profit health network also will reduce positions through attrition of the workforce and by not filling any new positions, Lewis said.

Other aspects of the cost restructuring include eliminating “admirable but not sustainable” programs, streamlining some health-care delivery systems and supplies, and delaying capital spending.

However, the hospital system will move forward with its $300 million expansion and renovation of Orlando Regional Medical Center, which is underway, and its $50 million acquisition of Physician Associates, a large, primary-care medical practice, which is set to be complete Dec. 31.

Facing challenges

Orlando Health officials called the move necessary.

“Health-care reform mandates and changes in reimbursement structures for Medicare and Medicaid are forcing health-care organizations throughout the U.S. to confront new challenges,” said Sherrie Sitarik, president and CEO of Orlando Health. “We must find better ways to deliver enhanced value to patients and lower the overall cost of care.”

 

[trysail]

Tick, tick, tick, tick,...




U.S. Debt Clock:
http://www.usdebtclock.org/


​

 

[Busybody]

Now they tell us.......But we knew all this

DIDNT WE?


Over at the Washington Post, Neil Irwin explains that just how disappointing this recovery has been:


This economic recovery has been a big disappointment relative to what the United States has usually experienced after a recession. Growth has been 9 percent below what was seen in past recoveries on average in its first three years. The CBO report tries to disentangle where that underperformance is coming from and its answer is deeply unsettling: The U.S. economy just isn’t as good at growing as it used to be.

The new CBO report claims that two-thirds of the underperformance of the economy over the past three years compared to a typical recovery is due to a slower rate of growth in potential GDP. Only one-third, in this analysis, is due to factors related to this recession.

The Congressional Budget Office’s chart, on the cover of a recent report, makes this clear:

http://www.washingtonpost.com/blogs/wonkblog/files/2012/11/cbo_recovery_chart1.jpg

Irwin concludes:


So what the CBO study is really saying is that there remains a gigantic cyclical gap in the U.S. economy, and this recovery has been awfully slow. And it has also occurred at a time when our potential economic growth isn’t rising as fast as it used to, mainly for reasons unconnected to the unique impact of the financial crisis. And while both those trends are big, the second one is bigger than the first.

This conclusion includes two pieces of bad news: The economy has not recovered its lost output from the recession, and the economy seems to have settled in a pattern of lower growth (certainly lower than this country has experienced in the past). How long will that last? Unfortunately, I am worried that this slow growth — which is the product of the joint legacy of big-government policies of the Bush and Obama administrations – is here to stay until we finally reduce the size of government. For evidence that when government spending grows, the economy shrinks, see here, here, and here.

The other bad news, I guess, is that without real reforms of the programs that are the drivers of our long-term debt, things will get worse before they get better. Sadly, it looks like the kind of policy prescriptions that Congress and the president seem likely to adopt (more spending and more taxes) are exactly the kind of policies that will make things worse in the short and long term. That’s unfortunate considering that we know what successful fiscal adjustments look like and what types of policies should be implemented to get there.

 

[unregistered]