May 26, 2009

NEWSFLASH:

There is talk about another party emerging. We'll have to see if anything worthwhile comes to fruition. The democrats and republicans can't seem to resolve our economic crisis. Throwing money at the problem does not seem to be giving us the results needed. And, the deficit is surely making me nervous.

I spoke with a gentleman from southern California this weekend. We both agree that the housing crisis must be resolved before the United States can get back to normal business. The problem started with Housing. We have to fix Housing. This gentleman felt the $250-$300 to each citizen was a waste, if for no other reason, the mailing expenses from the government to us. He felt the government needed to get the money into the hands of the people on their way to foreclosure. If we reduce foreclosures then the housing slump will end. He felt all stimulus money needed to get into the hands of struggling homeowners because this is the root of the problem. For families in trouble, he suggested that the government reduce the mortgage rate and pay the monthly mortgage for up to one year. Then the govenment subsidy could be added to the loan at the end of one year. The government keeps giving money to the banks but the money does not get to the people. Banks are hoarding the money and spending it on administration costs including yearly bonuses. The government can get the money directly to the people through FannieMae and FreddieMac programs.


I believe every individual with bank payment problems should get some sort of refinance, regardless of credit worthiness. At this point, we need to keep people in their homes. Rather than funding unemployment, fund the home mortgages. The banks receive their payments cleaning up their financial portfolio. For the unemployed, the government needs to require them to find a job to qualify for assistance. Even a lower income job is better than providing unemployment benefits. Easy loan modifications include a 40 year loan at 4% interest. The individual principal and interest payments would be reduced, therefore providing relief. The government needs to require the homeowner keep the property for 3-5 years. Yes, maybe their home has lost value, but this type of loan modification may entice more to stay in their home through the crisis.


For those with multiple investments, we also need to allow a similar program. After all, these people are the risk takers. They believe in free-competition. Without them the United States would not exist as it does today. Maybe give the investors parameters. One, they must be U. S. citizens. Two, provide the same 40 year loan at 4% interest to the investor for up to 3 developed properties (home or multi-family) and require ownership for 2 years. Then allow for 2 land properties and require the land owner to delay development for one year. The existing property owners could refinance. And, new investors could enter the market. We really need new investors.


Obviously, we cannot rely on the government to provide stability in the market place. The government got out of control when it comes to enforcing regulations put in place to prevent deep recessions and depressions. Congress was warned, but did nothing. So, we as United States citizens have to rely on ourselves and save more. The government is just too unreliable.


One article feels we must speak more openily about our financial circumstances and spending patterns http://tinyurl.com/p34xu6 to reduce our bad spending habits that pass from one generation to the next. For example, parents who cannot live within their budget, turn to credit card debt. The children often develop the same bad credit card debt and behavior. Although I agree that finance patterns are passed down, I feel boundaries should be developed when discussing finances. Parents should definitely discuss financial situations with their children. Discussions about what and why something is a good or bad investment is a great way for our children to comprehend and analyze real life situations. Children learn the value of the dollar, young. I believe these children will be able to make better decisions as adults.


Bid2Own.Org NEWSFLASH:
http://bid2own.org

Twitter has quickly provided Bid2Own.Org many new resources and direct messaging is great. I am following many new Twitter people who are asking questions. So, I am devoting this week to those new to the Twitter system. Make sure you follow me too.

To get good followers, with common interests, you might type your interest in the Twitter "Search" area. People will come up. Research them. Tell them you are following them and please follow you. Join the free Twitter Follower programs out there and then decide who you want to keep. (In the search box, type "Twitter Followers". After you receive ample followers, this link http://TwitPWR.com/axR/ provides Twitter Tools for maintaining Twitter followers. This looks like a must to me.

Everyone should sign up to "Twellow" the Twitter Yellow Pages. Twellow can really be helpful in finding sources and people with common interests. Every internet gathering place needs a yellow page directory so people can find people. So, support the free Yellow Pages that are easy to join, provide ample categories and function well. Join "Twellow".

For your information, here is a good blog that gives you 100 blog directories http://snipurl.com/if261. Blog Yellow Page Directories seem more complicated and less organized than Twellow. The best directory I found, is Blog Catalog. If anyone has found a better source or several, let me know in the comment section below.

Are you interested in some on-line marketing blogs.
Here is an on-line advertising blog http://bit.ly/by4fx.
There is also a blog for live links at http://openzap.com.
How about this radio ad link http://wemagazineforwomen.com/.
All of these links look very interesting for new businesses.
I have not tried them yet but plan to put them to use shortly.
Then I plan to get involved in internet forums and viral marketing.


I hope everyone had a nice Memorial Day holiday. I look forward to all the new sources and will pass the information on. Have a great week.