Monday, February 8, 2010

It's Still My House Until It's Sold at The Courthouse??

Here is a comment posted on FlaglerOnline’s General Forum about the complex issues the City of Palm Coast is facing in their efforts to keep forcloser properties from becoming a blight on the community while still trying to protect homowners’ Privacey rights.

I think the main problem is with the exterior of the houses.  If a forecloser's exterior is run down and in disrepair it affects the whole neighborhood. 

Inside it's a matter of housekeeping and up to the prospective buyer to devalue the house based on its interior condition.  Lets clean up the exterior appearace of dilapidated forecloser houses first. 

This forum post gives a nice explaintion of the City’s activity and the complexities of the issues:

fru fru 1

Active Member
Joined: 08/16/2007
No. of Posts: 84 Topic: I can't even believe this!!!!!!!
Posted: Today at 8:46am

The Police need a warrant to enter your home .....and now the town thinks they can send in the Code Enforement, with out a warrant, to deal with this. And from a group that can't even deal with watering your lawn on the wrong day. I can't wait for the "lock and load" to happen. What are they thinking?

PALM COAST-- Partly in response to foreclosures, Palm Coast officials are working on wielding a bigger legal hammer when property owners allow houses to turn into eyesores or neighborhood hazards.

The City Council will continue discussing at a workshop Tuesday rules giving the city more power to collect money faster when its crews must clean up or repair a dilapidated house. If the homeowner doesn't pay, the new ordinance would allow the city to place the charge right on the property owner's tax bill. If still unpaid, the city could eventually foreclose on the property.

The workshop begins at 9 a.m. at City Hall, 160 Cypress Point Parkway, Suite B-106.

The proposal could also give code enforcement officers more authority to demand entrance into a home, although that wouldn't mean they could just show up and demand to check a house, city staff said. The ordinance would also declare any house in the process of foreclosure as "abandoned real property" even if it is still occupied. That would shift responsibility to the bank or other institution foreclosing on the house, said City Manager Jim Landon.

"This is probably the most difficult to deal with," said Landon during a recent workshop. "You have somebody that's living in their home. They've quit making payments. They are not putting any time or money into that property because they know their time is limited. It's in that transition. The problem is that transition can take up to a year. I lived next to one of these. I know. It took about a year and a half before the bank finally took on responsibility."

During the workshop, city staff displayed pictures of past problems. One photo showed a home heavily damaged by fire. Another depicted a two-story house with boarded up windows and doors and graffiti scrawled on its red brick walls. Another shot showed stacks of rubbish, mattresses and furniture strewn on a front lawn.

Under current rules, the city could wait for years until a house is sold to collect on any liens it placed on the property. Putting the charge on the tax bill would speed up collection. If such a bill is unpaid, it would result in a tax lien and ultimately foreclosure, said city attorney William Reischmann.

To go the tax bill route, Palm Coast would have to establish a citywide special assessment district, Reischmann said. The tax lien would rank high in the hierarchy of liens, Reischmann said.

"It's only going to be on your tax bill if you fail to comply with the requirements," Reischmann said. "The city goes out and spends some money. You don't pay it then it gets put on your tax bill. If your property is fine, you're never really going to feel this."

The proposed rules would also give code enforcement more power to enter a house "as provided by law," said Community Development Director Nestor Abreu.

Mayor Jon Netts said the issue of the city's power to enter a house made him "very uncomfortable" and he wanted more information at a future workshop. If the house is not abandoned and there are no "horrific circumstances," Netts said he would not want to authorize government to enter a house.

Even if the person quits paying the mortgage and the bank moves to foreclose, Netts said, he would not want the city code enforcement officers to be able to enter a house unless there is some other health, safety or public welfare problem.

"I would just be very uncomfortable in my home, if somebody comes knocking on the door and saying I'm coming in and check your guard rail," Netts said.

A city staffer said code enforcement couldn't do that.

"Oh, I want to make sure you can't" Netts said.

frank.fernandez


THE LINK TO FLAGLER ONLINE'S FORUM AND THIS POST:
http://bit.ly/d520Pf
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Saturday, February 6, 2010

Namaste...I See the Christ In You

I like this word.  It's sort of ecumenical and "feel good".  I often worry if I spelled it right and if the person I send it to knows what I am trying to say. 

So I thought it would be good to include the Wikipedia definition in this blog in case I forget.  I also mean I bow to the good in them; not to their fear thoughts or ego actions...my A Course In Miracles philosopy

God Bless you.  Yesterday was the Muslim Holiday, today is the Jewish Holiday, tomorrow is the Christian holiday.  Walk Your Talk.
God Bless You and

Namaste

 (Sanskrit: नमस्ते, Hindustani pronunciation: [nʌmʌsˈteː], from external Sandhi between namaḥ and te) is a common spoken greeting or salutation in South Asia. It has multi-religious or else common usage where it may simply mean "I bow to you". The word is derived from Sanskrit namas, to bow, obeisance, reverential salutation, and te, "to you".[1]
When spoken to another person, it is commonly accompanied by a slight bow made with hands pressed together, palms touching and fingers pointed upwards, in front of the chest. This gesture, called Añjali Mudrā, can also be performed wordlessly and carries the same meaning.

LINK:

http://bit.ly/15Pa61
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Friday, February 5, 2010

Palm Coast...Going to Pot?

Last night I saw a newsclip about a Marajuana Superstore in California.  The talking heads had a hard time faking indignation and projecting calamady.

Today a guy was repairing my propane line.  I told I should have given up real estate, moved in with my son and his family in California, and started selling weed to conservative geriatrics like myself who need some pain relief medicine.  But my wife scowled at the idea, and that was that. 

I told the repair guy, maybe it would soon be legal in Florida.  He said 'Never'.  He didn't say "How Awful!"-just "Never".

Well, instead of dismissing the MaryJane idea out of hand, I think we should watch California and track what happens to the illegal pot trade and the increase or decrease in related social problems.

Here is an article I just read from an overseas publication:

Posted by RationalThought on February 3, 2010 17:45 ET


"I am 48m yr old American who just returned last week from week in Amsterdam as a "marijuana tourist". Aside from the weather I had a great time and felt totally safe from both the criminal element and the government, unlike at home. The only tourists I saw being unruly appeared to be young Brits who had all been drinking in the pubs. I think the so called conservatives are being counterproductive and playing right into the hands of organized crime. Legalize the wholesale market and you will completely eliminate criminal involvement the same as with alcohol. In general my impression of the Dutch is that they are conservative yet pragmatic and understand the meaning of personal liberties and privacy. I doubt Dutch parents expect the government to eliminate their childrens potential exposure to drugs and alcohol (an impossibility) but instead teach them to be responsible, hence the low drug and alcohol use among Dutch teens. I also doubt the Dutch parents really want to spend their taxes on incarcerating recreational cannabis use and prefer to spend these funds on their childrens education for future careers. I truly believe that the USA could learn from the Dutch."

There were some interesting comments.  To see them go to:
THE LINK:
http://bit.ly/9mkKTe
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It Pays to Default On Your Mortgage…It Pays Someone

I have been tweeting about ‘strategic defaults’ and what you can gain by defaulting on your mortgage payments and credit card debt.

Far from the values concerning the MoneyChangers in the Temple; today we have been led to believe that using the laws and defaulting on credit is “morally wrong”.

Here is how the big boys do it. Below is an article that gives a pretty good layman’s description of the ‘Derivitives’ scandal that has wrecked our economy.

It is copied from an article, ‘How To Stop Foreclosures” written on Wednesday, August 26. See below for the link.


"Thanks to new readers joining us from Alltop.com we are re-posting an article from last month.

How to Stop Foreclosures

If I default on my $300,000 mortgage Bank of America will collect approximately $550,000 to $650,000. If my friend defaults on their $500,000 mortgage Goldman Sachs will collect $900,000 to $1.2 million (depending on interest rates, term of the mortgages, and credit ratings).


Why do they collect such a big payout? Because they have insurance on the Mortgage-Backed Securities that hold the mortgages. When an MBS goes into default, the insurance pays. Why do they collect so much more than the face value of the mortgage? Because, over the life of the loan the mortgage would have generated 2 ½ to 3 times the face amount in cash flow, minus discounts; the insurance covers that anticipated cash flow, not the nominal value of the original mortgage.

What is this insurance? Credit Default Swaps are essentially insurance for Mortgage-Backed Securities. If a certain percentage of mortgages held in the MBS go into default then the MBS defaults and the insurance is paid. AIG Financial Products was the largest writer/issuer of CDS contracts. With the government’s backing AIG has paid out tens of billions in claims on CDS contracts.

CDS is not typical insurance; it is almost completely unregulated; an investor can purchase a CDS contract/insurance policy even though they have no insurable interest in the underlying mortgage or even the underlying MBS; if CDS insurance is purchased that covers my mortgage, I do not receive any notification. The homeowner has been unilaterally stripped of their mitigation rights as a party to the contract by the purchase of CDS contract. This, in effect, modifies the original contract without consideration to the homeowner for that modification.

We do not allow doctors to purchase life insurance policies on their patient's lives without the patient’s knowledge and then be in charge of making life and death decisions for the patient’s treatment. I trust my doctor but we all recognize that it is reckless and foolhardy to subject that trust to excessive temptation. We do allow mortgages investors to purchase default insurance policies without the homeowners’ knowledge and, if delinquency occurs, we recklessly tempt these investors to make the decisions on whether the loan will be modified or go into default.

CDS insurance offers a clear incentive for the investors or holders of pooling and servicing agreements (PSAs) to force a "default" either through foreclosure, short sales, short payoffs, or deed in lieu transactions. PSAs place limits on the number of modifications a mortgage servicer can perform.

Less than 3% of seriously delinquent borrowers receive concessionary modification in the first year following the first serious delinquency; concessionary modifications may be reductions in the principal balance or interest rate or extension of the term, or all three. Less than 5% of serious delinquencies receive non-concessionary modifications; their payments actually increase (half of these redefault within 6 months). Approximately 30% of serious delinquencies go the route of short sale or deed in lieu transactions; essentially, the borrower loses their home. Approximately 50% of serious delinquencies result in foreclosure proceedings and 30% of seriously delinquent borrowers lose their home through foreclosure in the 12 months following the initial delinquency. To recap: approximately 80% of serious delinquent borrowers lose their homes, 5% get a bad modification, 3% get a good modification, and the others are stuck in modification limbo.

In the first 6 months of the Hope for Homeowners Program only 25 homeowners were able to get refinancing under the plan, despite a nationwide appeal by President Bush. Federal programs have improved in the past few months but show no sign of making major inroads to solve the problem of foreclosure.

There are frequent anecdotal examples of investors/PSAs/servicers not really trying to help homeowners. I personally know a real estate attorney who offered a $350,000 settlement on a $510,000 mortgage; that offer was turned down and the property was offered at $200,000 in an REO sale. I know one man who has been attempting modification for 16 months. I know another woman who has been attempting modification for 8 months but Bank of America has lost her application 5 times. Bank of America shows remarkable efficiency in tracking billions of daily check and charge transactions to the penny, yet they show stupefying incompetence in tracking a modification application. The lack of competence is a direct result of a lack of incentive to modify. These examples are the norm, not the exception.

It would be easy to suggest that most foreclosures cannot be prevented, yet there are some excellent proposals to keep homeowners in their homes and stabilize house prices; the Milken Institute has proposed a plan “How to Rebuild US Home Prices and Fix the Economy” that could eliminate negative equity and lower monthly mortgage payments, and the price for this plan is less than what has already been spent on the AIG bailout. Regrettably, we may never see this plan put in place unless we can remove the incentive for investors and holders of PSAs to force default, unless we can stop the big CDS insurance payout for defaults.

Have the investors/PSAs/servicers actually been forcing defaults? We know CDS contracts offer the temptation of the largest possible compensation when claims are paid. We know investors/PSAs/servicers are in a position of power to create hurdles to modifications and to deny modifications. We know that defaults outnumber modifications by more than 10 to 1. We know that several financial institutions have posted exceptionally large earnings despite the worst economic downturn since the Great Depression. We have not seen (publicly disclosed) investigations or research that revealed the smoking gun. We have seen motive, opportunity, and results.

AIG, with the backing of the government, has been treating CDS claims in a most un-insurance like manner – they have been paying the claims in full without conducting full investigations or audits. Never in history has an insurance company paid out tens of billions of dollars in claims without denying at least some part of the claims.

Simple forensic audits of the original mortgage loans could discover fraud, predatory lending, or other violations on the underlying mortgages and give cause to rescind the CDS contract. If the CDS contracts are determined to be insurance, the only proper action would be to deny the claim and return the premium. It is strange that so far, no claims have been determined to be fraudulent, none of the money paid out has been determined to be laundered, and apparently all taxes have been paid; yes taxes should be due because CDS contract is not officially recognized by any state insurance department as insurance and does not share the tax exemption of insurance.

Nothing will stop foreclosures, stabilize US home prices, and fix the economy more than removing the incentive to foreclose created by the CDSs. The investors will negotiate in good faith to make it attractive for the homeowners to start to pay their mortgages and with fewer REO properties on the market the homeowner will not have the incentive to walk away and buy a cheaper comparable property down the street. Markets will be more rational and not be propped up by illegal insurance that distorts true values. The taxpayers will save fortunes being flushed down the AIG black hole. And the added benefit to society is that people will stay in their homes without speculators and profiteers placing side bets on their home.

THE LINK TO THE ORIGINAL ARTICLE:
http://bit.ly/a5kGtl
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Thursday, February 4, 2010

Heads Up Our Fannies

Since I have been posting about Fannie Mae and Freddy Mac I thought it would be good to see their current definition in Wikipedia.com. I think you will find their definitions interesting:


Fannie Mae

The Federal National Mortgage Association (FNMA) (NYSE: FNM), commonly known as Fannie Mae, is a stockholder-owned corporation chartered by Congress in 1968 as a government-sponsored enterprise (GSE), but founded in 1938 during the Great Depression. The corporation's purpose is to purchase and securitize mortgages in order to ensure that funds are consistently available to the institutions that lend money to home buyers.[3]

On September 7, 2008, James Lockhart, director of the Federal Housing Finance Agency (FHFA), announced that Fannie Mae and Freddie Mac were being placed into conservatorship of the FHFA. The action is "one of the most sweeping government interventions in private financial markets in decades".[4][5][6] As of 2008, Fannie Mae and the Federal Home Loan Mortgage Corporation (Freddie Mac) owned or guaranteed about half of the U.S.'s $12 trillion mortgage market.[7]

THE LINK:    http://en.wikipedia.org/wiki/Fannie_Mae



Freddie Mac

• The Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac (NYSE: FRE), is a government sponsored enterprise (GSE) of the United States federal government. Freddie Mac has its headquarters in the Tyson's Corner CDP in unincorporated Fairfax County, Virginia.[1][2]

• The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with other GSEs, Freddie Mac buys mortgages on the secondary market, pools them, and sells them as a mortgage-backed security to investors on the open market. This secondary mortgage market increases the supply of money available for mortgage lending and increases the money available for new home purchases. The name, "Freddie Mac", was an acronym of the company's full name that had been adopted officially for ease of identification (see "GSEs" below for other examples).

• On September 7, 2008, Federal Housing Finance Agency (FHFA) director James B. Lockhart III announced he had put Fannie Mae and Freddie Mac under the conservatorship of the FHFA (see Federal takeover of Fannie Mae and Freddie Mac). The action has been described as "one of the most sweeping government interventions in private financial markets in decades".[3][4][5]

Moody's gave Freddie Mac's preferred stock an investment grade rating of A1 until August 22, 2008 when Warren Buffett said publicly that both Freddie Mac and Fannie Mae had tried to attract him and others. Moody's changed the credit rating on that day to Baa3, the lowest investment grade credit rating. Freddie's senior debt credit rating remains Aaa/AAA from each of the major ratings agencies Moody's, S&P, and Fitch.


THE LINK:   http://en.wikipedia.org/wiki/Freddie_Mac
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Got Money? Buy Distressed

If you have cash on hand and want to avoid the aomost certain upcoming currency devaluation and take advantage of the probable inflation that will follow, buy some real estate.

But you need to be very careful.  Very informed.  Use a Buyers Broker and a good but inexpensive attorney.

Here an excerpt from one of my real estate newsletters:

Rising distress sales slash prices by 38 percent


"ORLANDO, Fla. – Feb. 3, 2010 – Distress sales are driving the region’s housing market to such a degree now that two-thirds of the existing-home closings in the Orlando area last month involved bank-owned or short-sale properties, according to a report released Wednesday.

That growing number of desperation sales, combined with the region’s free-falling condominium prices, drove down prices overall last year by more than one-third, to a median of $130,000, compared with a midpoint of $209,000 in 2008, the Orlando Regional Realtor Association said. "
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Fannie and Freddie Are Also Trying to Find Loopholes and Get Out of Their Loans!

If you thought somehow that Fannie Mae and Freddie Mac were government entities and not capitalistic entrepeneurs, read this.  In addition to offering incentives to purchase their houses and competing with private owners, they have their lawyers combing their contracts with banks and trying to find ways to get out of their committments...to find loopholes.

Check out this article: 

Fannie and Freddie go after bad loans


"WASHINGTON – Feb. 3, 2010 – Accountants at Fannie Mae and Freddie Mac are auditing mortgage files to uncover loans with improper documentation about a borrower’s income, and then forcing banks and savings and loans to buy the loans back.

Freddie required lenders to buy back $2.7 billion of loans in the first nine months of 2009. Fannie Mae won’t disclose its figures, but the mortgage trade publication Inside Mortgage Finance said Fannie made $4.3 billion in loan-repurchase requests in the first nine months of 2009.

One result is that banks are underwriting mortgage loans even more carefully than they were last year, which can further slow the lending process.

'If you’re being hit with a lot of repurchases very suddenly, the easiest thing to do is to tighten your standards rapidly,' said Glenn Boyd, a Barclays analyst.

Source: The Wall Street Journal, Nick Timiraos (01/30/2010)"
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Wednesday, February 3, 2010

Some New Home Builders Are Surviving...But How?

Toby Tobin published an excellent article in his newsletter on January 19th listing Palm Coast Builders and how many houses they "pulled Permits" for.  IE a building permit to enable them to build a new house.  He does not give details about the source of the information, but Toby has a reputation for providing very reliable information.   The key question...What is the quality of houses they are they building during these difficult times? 

Here is a summary of his report:
"Flagler County 2009 New Home Construction Report

Many builders are gone but a surprising number are still active. 157 building permits were issued to 37 different builders.

Palm Coast, FL – January 19, 2010 – 2009 marked a dismal year for local homebuilders, across the country and here at home in Palm Coast in Flagler County, FL. Homebuilders faced competition from distressed properties selling for about $80 per square foot. Lenders were not returning their calls. With few exceptions, the term "spec house" has become an anachronism. Though national builders abandoned our market when real estate sales dried up, an independent source reports that 157 new homes were permitted in Flagler County by 37 different builders who are gutting it out.

My hat is off to these 38 builders and their employees. I thought you would like to know who they are.

The following builders pulled more than 3 permits during the year:

• Seagate Homes – 39 permits

• Adams Homes - 23

• Moronda Homes – 14 permits

• Vanacore – 8 permits

• Habitat for Humanity – 6 permits

• Intervest – 5 permits

• CBV Resort Homes – 5 permits

• Amaral – 5 permits

Other builders who pulled permits in 2009 are:

• New Coastal

• Staughton

• Skyway

• Olsen

• Florida Green

• Paytas

• Lancia

• Ideal

• Country Club

• Auburn

• Applied Building

• Wayne Duffy

• Stajo

• Skyway

• Skyhawk

• Saltwater Homes

• Rinek

• Palm Coast Homes

• Morello

• Machin

• Longworth

• Harmon

• Delanoy

• Del

• Antonio Capela

• Haley

• Grandeur

• Gold Coast

• Gemstone

• Fontana



Reader Comments

So what is the cost new?

We can't see the actual turnkey cost new for the permitted construction, as the permits only reflect the base cost. The resales are still around $80 a square foot, for average construction on an average lot, many needing repairs and updating. Many will only buy Brand new homes as they have the money and don't want to rehab an old home. The estimate for new is around $135 plus the lot, and lots go for about $5 a square foot for average.So for $140 a square foot you get new turnkey. That's still way under the national average. The property taxes are also low, so people come here for the pricing. Resales will never go up in value at the current rate of demand, and may go down further, as they age and more foreclosures flood the market. We have a ways to go both localy and nationaly before things pick up. It is estimated thet 55% of all sales in late 2009 and early 2010 will be due to the tax insentives for new and move up buyers. After that expires and/or rates go up we will be in for another drop in values. We are waiting for jobs, and so far they can't be found, at a level paying enough, to drive the real estate prices up.

Posted by George Meegan"


To see the entire article go to Toby’s site at

http://www.gotoby.com/news/palm_coast_flager_2009_new_home_report.htm

TED SAYS:  Now more than ever prospective buyers need to work with a Buyers Agent who has a history of our local market and is up to date on the changes that have taken place. You a prospective buyer? Talk ToTed ! tedleshersr@gmail.com
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MEG: For the Rich and Medically Well Connected?

MEG…GET ME THAT TEST!



More than just the elderly are concerned about what kind of healthcare they will get when they move to Palm Coast. And now on TV we are seeing all kinds of goodies most people can’t get anywhere. MEG tests for example.

I have been treated for heart conditions since I was in college. Didn’t pay much attention to retirement plans. Felt my lifespan would be rather short. Burned the candle at both ends. Had a great life. Surprise! At 73 I am still here. Oh shit. Ran out of money! 

And my closest medical "connection" to help me with personal influence on our medical establishment is a dentist in Warren, PA.

But there’s some great new stuff hiding in the bushes, waiting for the rich and well connected. Like MEG testing.

Here are a few snippits about MEG Testing:

Definition:  "Magnetoencephalography (MEG) is a rare, complex neuroimaging technique that allows scientists a unique view of the dynamic, interactive brain. There are only a few research centers in the world that have the expertise and capital to incorporate this advanced level of technology into their brain studies."

Applications:  "MEG provides scientists a vital neuroimaging tool to gain critical perspectives into the basic mechanisms of the cognitive processes of the healthy, functioning brain in the same lightning speed at which the brain itself operates."

"MEG studies also allow researchers valuable insights into the dysfunctional brain with respect to neurological disorders and diseases such as: schizophrenia, stroke, mental retardation, dyslexia and Alzheimer’s disease through measuring these changes in the brain’s electro-magnetic fields."

"…researchers can now localize brain activity and measure it in the same temporal dimension as the functioning brain itself. This allows investigators to measure, in real-time, the integration and activity of neuronal populations while either working on a task, or at rest. The brains of healthy subjects and those suffering from dysfunction or disease are imaged and analyzed in these MEG studies.."

History:  "This ever-evolving technology began as a single-channel system in the 1970s. Since then, MEG technology has been constantly updated and refined into its current state-of-the-art status. The MEG instrument at the Brain Sciences Center, is one of the few of its caliber in existence. Its 248 SQUID sensors make this imaging machine one of the most powerful and technologically advanced in the world."

I saw something about MEG on a news snippet and googled it. Here is the link to the above quotes

http://www.brain.umn.edu/research/MEG.htm

This blog got too long as I ranted about how revising healthcare should prioitize a major speedup of government funding and proliferating new technology like MEG testing in order to get it quickly into large, regional hospitals all over the country. We need to make new, high tech treatments/studies available to many thousands of us 'just folks' (no money, not well connected).  We need to produce a negative incentive for doctors and their particular hospitals so they do not make their own fame and fortune a major criteria in patient selection. We need a practical and just patient selection criteria for advanced medical studies/treatments and we need transparency and public input.


Tell The Tea Party!

And if you want to hear my personal history (ugly) using Cardiologists and hospitals  in the Palm Coast area.  And my experience getting a heart valve replaced at the Cleveland Clinic, drop me a comment.  Boy, do I have opinions!  Send me a comment from this blog and we can dialog.

TALK TO TED !
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Tuesday, February 2, 2010

What The Hell Is Happening In Palm Coast?

Here are four demographic trends from the Urban Land Institute report:

TREND 4: Immigrants – both legal and illegal: They are nearly 40 million strong. They often prefer multi-generational households and if they can afford them, larger homes in neighborhoods with a strong sense of community.

I think the trend toward multi-generational households has had more effect on Palm Coast than any other and it is woefully underreported. Maronda Homes came into town offering very large, very low priced homes. Ugly two story Marondas sprung up in the middle of nice looking streets. Often two of them, side by side, because the builder purchased a ton of Palm Coast lots and sold primarily “spec” houses. That is they built the house and then offered it for sale. They suffered from poor quality. Today their quality has improved and, because of “size for price” and availability of a ‘spec’ homes, they are still selling lots of homes here. An example from a building permit they pulled in January…

Maronda Homes 13 Seathorn Path Sq. feet: 2,399 Value: $79,432

Many large, four bedroom houses were purchased by lower income families who wanted to move a relative or friend in with them to share the expenses. Look at the number of the cars in the driveways and yards.

Someone should do a count on how much the “average number of people over age 30 living in a single family house” has increased. I think we would be amazed.

But I disagree the best way to describe the trend is “Immigrants”. Yes, unlike modern Americans, foreign speaking residents seem to take more responsibility for caring for their relatives; have more tribal instincts in that respect. When I grew up in the 40’s having two generations in one house was common. My Grandparents took in newly married children (they had 9) and helped them get started. And occasionally, because average lifespans were then at about 65, a grown child would take in an aging parent.

Now the prime motivator for multi-family living and multi-person living is almost always economics, not compassion. We have defacto, multi-family houses all over the place. Especially in parts of the P and R sections where houses are filled with an assortment of “roommates” sharing the expenses and earning money in lets call it “the new underground” economy.

Unfortunately. Our leaders think it is not good politics or good for business to publish this information. Police reports on gang crime in our Palm Coast schools and in our neighborhoods is not given much, if any, airtime or newspaper time or newsletter time. The problem is buried. It may be very small. Is it? Is it growing? Where?? Public access to this politically incorrect information is limited and obscured.

I think a good reporter who befriended our police and first responders could write a blog or newsletter that would get more subscribers than the circulation of all our local papers put together.

Our emergency responders need community support to run bad guys out of town. Hiding the existence of drug dealers and gangs is not a good economic strategy. Identifying who and where they are is. If you want to write this type Blog or Newsletter, maybe I can help. Send me a note.

I have no young children. I don’t need a Predators List as badly as my children who are raising my grandchildren. I would like a similar report on where our convicted drug dealers and gang members live. We are a town of many retirees. We want to be safe. If you know someone in our local government who wants to take on the issues of exposing crime and drugs in Palm Coast in order to limit them; let me know.

I worked in NYC and knew what streets to avoid and where and when to be careful. This information is carefully guarded from me here in Palm Coast. If I am wrong and uninformed, let me know. Send me a comment about what you know or have heard. We need a Palm Coast internet Crime Watch!

The other trend I think is especially pertinent to Palm Coast is:



TREND 3.   Generation Y: They are larger than the baby boom generation (with a population of about 86 million). As they enter the housing market, they are less interested in homeownership than their parents were when they were young adults. “They will be renters by necessity or choice for years ahead,” says John K. McIlwain, author of the report.

I believe this is and will continue to happen. But Generation Y is not flocking to Palm Coast. We are jobless. However, in Palm Coast, divorces, foreclosures, lack of credit, retirees from cold climates and economically challenged downsizers are contributing to this paradigm shift to leasing instead of purchasing their homes. I like “leasing” and think long-term leases, where the tenant has an incentive to maintain and upgrade their home because he will be there long enough that it will become part of their identity, has already begun.

The stigma of being a “renter” and therefore, like “trailer trash”, someone who doesn’t maintain and take pride in their home because the physical structure is owned by someone else, is passing.

In my neighborhood within Pine Lakes you cannot tell by looking which houses are rented and which are owner-occupied. This trend is being accelerated by buyers from overseas who never did own their home, but took pride in its appearance.

Personal Anecdote: Recently I offered to put $10,000 in capital improvements into a rental property in Sea Colony. The absentee owners were committed landlords; they did not want to sell. I asked if they would give me a seven year lease. They turned me down. Not on the rent I offered. They did not want a long term lease. The place stayed unrented and run down and has depreciated along with the rest of the market.

This is the exact reverse of the commercial market. I rented several offices in NYC on a long term basis and made leasehold improvements. The landlords were delighted. This is how business space is rented. I think residential will catch up. If you have a residential property you are willing to rent for five or more years, Talk To Ted. I have made different arrangements, but maybe I can help you with my experience and advice.

The other two trends in the Urban Land Institute research are:

TREND 1.  Aging baby boomers (ages 55 to 64 years old): They will keep working, and many will be forced to stay in their suburban homes until values recover. Those who are able to move will choose mixed-age living environments that cater to active lifestyles. Walkable suburban town centers also will appeal to this group.

TREND 2. Younger baby boomers (46 to 54 years old): They are now entering their prime earning years but they will lack home equity and, unlike the older members of their generation, they won’t be able to purchase second homes. This will likely curb the prospects for the second-home market.

You can read the entire thing at:

http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=231520



Pass this Blog along to any of your friends who are thinking about moving to Florida. I am a single agent Buyers Broker who can help them find the best location.  tedleshersr@gmail.com
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Monday, February 1, 2010

Watch Your Fannie!

If you are trying to sell your house, there's a gorilla in the room!  Fannie Mae is trying to avioid bankruptcy.  So they are competing with the private market by offering freebies if you buy one of their distressed properties.  Check out this release from Friday...


"WASHINGTON – Feb. 1, 2010 – Fannie Mae, the largest provider of residential home funding in the United States, announced on Friday that it would start to pay closing costs for buyers of foreclosed homes in its inventory. Buyers of qualified properties will get up to 3.5 percent in closing costs or an equivalent amount for the purchase of new appliances.
Fannie wants to clear out the nearly 50,000 properties it has in inventory – listed on HomePath.com, the Web site created by Fannie Mae last year to sell the growing number of foreclosed homes. The offer is available to any owner-occupant who closes on the purchase of a property listed on HomePath.com before May 1, 2010. Applicable properties can be found on HomePath.com, along with property descriptions, photographs, community and school information, and more..."

To see the entire FloridaRealtors newsletter's article go to
 http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=231524

If you want to see the seven houses in Palm Coast that were on Fannie's list when I wrote this, click here...
Palm Coast's HomePath.com listings

Finding the right property to buy is complicated.  Don't just go touring houses.  Contract with a Buyers Broker.  Talk To Ted about how this could cost little or nothing and provide invaluable information to the sophisticated buyer.  tedleshersr@gmail.com 
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Sunday, January 31, 2010

Down With "The American People"

Both Republicans and Democrats keep appealing to "The American People".

 I object to the phrase.  It reminds me of the politically incorrect segregationist phrase  "You People".  I am a US citizen.  A U.S. voter.  Not a Canadian or just an "American".  I want to be addressed as a Citizen of the United States OF America.  Not as an "American".   Makes me feel better. 

And, politicians, don't say "The"  anything.  Say "We"..."We U.S. Citizens..."
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Conservative Attempt At Humor

The two most important events in all of history were the invention of beer and the invention of the wheel. The wheel was invented to get man to the beer. These were the foundation of modern civilization and together were the catalyst for the splitting of humanity into two distinct subgroups:


1. Liberals

2. Conservatives

Once beer was discovered, it required grain and that was the beginning of agriculture. Neither the glass bottle nor aluminum can were invented yet, so while our early humans were sitting around waiting for them to be invented, they just stayed close to the brewery. That's how villages were formed.

Some men spent their days tracking and killing animals to B-B-Q at night while they were drinking beer. This was the beginning of what is known as the Conservative movement.

Other men who were weaker and less skilled at hunting learned to live off the conservatives by showing up for the nightly B-B-Q's and doing the sewing, fetching, and hair dressing. This was the beginning of the Liberal movement...

Some of these liberal men eventually evolved into women. The rest became known as girlie-men. Some noteworthy liberal achievements include the domestication of cats, the invention of group therapy, group hugs, and the concept of Democratic voting to decide how to divide the meat and beer that conservatives provided.

Over the years conservatives came to be symbolize d by the largest, most powerful land animal on earth, the elephant. Liberals are symbolized by the jackass.

Modern liberals like imported beer (with lime added), but most prefer white wine or imported bottled water. They eat raw fish but like their beef well done. Sushi, tofu, and French food are standard liberal fare. Another interesting evolutionary side note: most of their women have higher testosterone levels than their men. Most social workers, personal injury attorneys, journalists, dreamers in Hollywood and group therapists are liberals. Liberals invented the designated hitter rule because it wasn't fair to make the pitcher also bat.

Conservatives drink domestic beer, mostly Bud.. They eat red meat and still provide for their women. Conservatives are big-game hunters, rodeo cowboys, lumberjacks, construction workers, firemen, medical doctors, police officers, corporate executives, athletes, members of the military, airline pilots and generally anyone who works productively. Conservatives who own companies hire other conservatives who want to work for a living.

Liberals produce little or nothing. They like to govern the producers and decide what to do with the production. Liberals believe Europeans are more enlightened than Americans.
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Saturday, January 30, 2010

Obama Mortgage Modification: 31% of Before-Tax Income

According to a news release by Florida Realtors in their newsletter, the administration is planning/attempting to steer delinquent mortgages into mortgage modifications that limit payments to 31% of before tax income.   The administration plan seeks to lower payments for troubled borrowers to 31 percent of before-tax income for five years, after which the interest rate on the mortgage begins rising.   To read the complete article, go to
https://mail.google.com/mail/?hl=en&shva=1#inbox/1267b7ccbd7b8a92
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Adopt a Child? Select a Doner? Clone One? Where We Headed?

I just finished a phone call to my son about him getting a dog. We had just seen ratings of intelligence by breed; Border Collies came out first.

Philosopher curmudgeon that I am, my mind jumped around to the news about adopting babies from Haiti, the selection of sperm donors and invetreo fertilization and the choice of an incubator Mommie. Throw in some random thoughts about the conviction of the abortion doctor murderer and my erectile dysfunction and I got off daydreaming about what I think is an interesting philosophical/moral issue:

It has always been politically correct to discuss whether if you want a dog, you should get a mixed breed from the pound-take your chances on the genetic personality, behavioral, size and shape and other latent possibilities within that adorable little pup and just expectantly wait to see what you get.

Or, if you don't like the uncertainty of adopting a “rescue” animal, and if you have the money, you can begin to do research on different breed's and their characteristics and the breeders and their track records and prices.

Now how about adopting a kid? Although it's not politically correct to discuss these issues, technological advances have presented us with some new and difficult choices.

When I was a child in the 1930’s-1950’s tradition was to adopt an illegitimate from a friend or relative often faced with a pregnant teen-aged child. Birth control was unreliable and it was hard for a teenager to privately acquire condoms. Religious doctrines frowned on birth control.

But copulation was great fun and one of the least expensive and most available forms of adolescent entertainment. "Going Steady" was one of our favorite pass times.  "It meant "getting it steady"  Today the game has been renamed getting "Hooked-Up", "  It's Dangerous and Exciting! Like Drag Racing. But....Coathangers or banishment to Auntie’s house to have it were about the only choices if she “got caught”.

AND NOW?  Always and correctly, Selling of babies is a high crime and misdemeanor. Consequently, legally adopting in America is a long and difficult process adopting across racial lines-and even more difficult.  So, follow the trend. We are shopping for overseas merchandise.

OUTCOMES ALMOST ALWAYS POSITIVE:  I was raised with an adopted cousin one year my senior. Lived with us for a couple years. She was like a sister to me. Her life worked out fine, it included a despotic stepmother and a loving, devoted father and all the rest of life’s dramas. Almost fine…it was a short life. She had her ups and downs like everyone else, but was very much loved. She is remembered by many for her goodness. Someone I wish I could be more like.  (No, I'm not a closet Queen!  I mean more good like)

My next most memorable adoption related experience was learning about successful adoptions by some of my lesbian friends of children from overseas; especially China. They seem to have resulted in many happy relationships and happy children. Of course the final result will not be known until the children are grown, become parents themselves, and can tell their stories and become statistics.

The gay community has been leading edge in the adoption movement. I have personal, positive feedback; but all anecdotal. For example, my daughter dated a Greenwich Village teenager being raised lovingly by two Dikes. Mamma left Pappa and took Chris with her to hook up permanently with her female love interest. Nothing unhappy about the kid at the time. Time will tell. But maybe not. If he screws up his life there probably will be lots of possible causes to blame-not just the Lezzies.  Another loved cousin did the same with better child rearing results than almost all the heterosexual parents we know.  Makes the issues surrounding same sex marriage more complex that just religious dogma would suggest.  But I digress...

Here's the rub. An in depth discussion of Adoption as an Option is Politically Incorrect, but will soon be a major issue all of us many will have to deal with. We will want to take  moral and ethical positions.

Try this on for emotional stimulation: 

Adopting a child is fast becoming fraught with difficult choices and very similar to deciding on whether to adopt a pet.

Infertility a Problem? Then Use a sperm donor? or a surrogate womb? or Adopt?  Why is Cloning such a No-No?

-If You Choose to Adopt??
     -How important is the DNA?
     -Do I want an infant? An adolescent? Or a full grown?
     -Will I/we raise HeSheIt ourselves? Home Teach? Or use the school system, day care and babysitters for most of the time, effort and knowledge required to fulfill our legal and moral obligations as parents?

I just heard an interesting TV News discussion about whether the government should give tax breaks to encourage more citizens to have children. The conversation was all about projecting the economic and social impacts; Should we provide stimulus incentives or offer tax deductions? Will our efforts result in Octo-Mom’s working the Nanny state system to its death? Nothing was said about the intriguing philosophical issues.

Don't murder of the messenger! Just give it some thought. The questions are already there. Opinions will need to be formed. You will need to weigh your churchy moral positions against your rational, ethical structures. Most will probably just stick our heads in the sand and hold our ears. A few of us confrontationalists will relish the thoughts and us philosophers will take them out to play.

What Think You?

Talk to Ted at http://aboutpalmcoast.blogspot.com/

You Gay?  Move to Palm Coast or Flagler Beach.  Ted will Tell you why!   Give you the straight scoop!  tedleshersr@gmail.com
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Wednesday, January 27, 2010

Flood of TV Home Improvement Ads is a Signal

The Home-Remodeling market is improving. The Joint Center for Housing Studies of Harvard University identified three areas of home improvement growth.: remodeling rentals, remodeling to reduce energy costs and improve the environment (“going green” ) and foreign homeowners as the most active remodelers.

This Harvard Housing Study caught my attention. Continued growth in home improvement spending by foreign-born homeowners — their spending levels have grown almost 13% per year since 2000- is well in excess of the 7% growth by native-born households.

If you live abroad and want to buy property in Palm Coast, you should work with a realtor who will also act as your personal property manager and take care of fixing up the place after you buy it.  Most bargain priced property will need repairs and upgrading; especially foreclosures, short sales and bank owned properties.  You need someone knowledgeable and trustworthy to help get the best prices and insure the quality of the work. Someone who knows our local handymen and subcontractors and can get your upgrades and repairs done well. The Home Inspection Report is your Blueprint; your real estate agent can be your Home Improvements Manager…Talk To Ted!.

IT SEEMS NOW-OR CLOSE TO NOW-IS THE BEST TIME TO BUY IN PALM COAST’S DEPRESSED HOUSING MARKET. Our inventory levels indicate we may have hit bottom. Canadians, Russians, Germans and South Americans are especially active in our market at this time. Send me a referral so I can start a dialog with them about their dream home in Florida, USA.

If you have a friend or relative living abroad who should be taking advantage of our bargain prices and weak dollar-Talk To Ted!   I can document I am honest and trustworthy and I will find your overseas friend or relative the right investment and follow through to make improvements after the sale. I work with my language translation assistants to be sure we communicate accurately and completely.

Are your friends and relatives planning to visit Palm Coast now? Want a free consultation about how to buy their lot or their vacation/investment home? The time is right!  Talk To Ted!


HARVARD STUDY LINK:
http://www.jchs.harvard.edu/publications/remodeling/remodeling2009/index.htm
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Tuesday, January 26, 2010

Note to Palm Coast's Russian Community

I read with interest this new STRAFOR report about the Ukraine. Two of my neighbors are from Kiev. I will get their comments on it.  I would like yours!

 If you have a friend or relative overseas.  If they are considering buying property in Florida.  If they need an honest, trustworthy real estate agent ...Talk To Ted!



January 26, 2010
1314 GMT

By Peter Zeihan

Ukrainians go to the polls Feb. 7 to choose their next president. The last time they did this, in November 2004, the result was the prolonged international incident that became known as the Orange Revolution. That event saw Ukraine cleaved off from the Russian sphere of influence, triggering a chain of events that rekindled the Russian-Western Cold War. Next week’s runoff election seals the Orange Revolution’s reversal. Russia owns the first candidate, Viktor Yanukovich, outright and has a workable agreement with the other, Yulia Timoshenko. The next few months will therefore see the de facto folding of Ukraine back into the Russian sphere of influence; discussion in Ukraine now consists of debate over the speed and depth of that reintegration.

The Centrality of Ukraine

Russia has been working to arrest its slide for several years. Next week’s election in Ukraine marks not so much the end of the post-Cold War period of Russian retreat as the beginning of a new era of Russian aggressiveness. To understand why, one must first absorb the Russian view of Ukraine.

Related Special Topic Page

• The Russian Resurgence

Since the break-up of the Soviet Union, most of the former Soviet republics and satellites found themselves cast adrift, not part of the Russian orbit and not really part of any other grouping. Moscow still held links to all of them, but it exercised few of its levers of control over them during Russia’s internal meltdown during the 1990s. During that period, a number of these states — Estonia, Latvia, Lithuania, Poland, Hungary, Romania, Bulgaria and the former Czechoslovakia to be exact — managed to spin themselves out of the Russian orbit and attach themselves to the European Union and NATO. Others — Azerbaijan, Georgia, Moldova, Uzbekistan, Kyrgyzstan and Ukraine — attempted to follow the path Westward, but have not succeeded at this point. Of these six, Ukraine is by far the most critical. It is not simply the most populous of Russia’s former possessions or the birthplace of the Russian ethnicity, it is the most important province of the former Russian Empire and holds the key to the future of Eurasia.

First, the incidental reasons. Ukraine is the Russian Empire’s breadbasket. It is also the location of nearly all of Russia’s infrastructure links not only to Europe, but also to the Caucasus, making it critical for both trade and internal coherence; it is central to the existence of a state as multiethnic and chronically poor as Russia. The Ukrainian port of Sevastopol is home to Russia’s Black Sea fleet, and Ukrainian ports are the only well-developed warm-water ports Russia has ever had. Belarus’ only waterborne exports traverse the Dnieper River, which empties into the Black Sea via Ukraine. Therefore, as goes Ukraine, so goes Belarus. Not only is Ukraine home to some 15 million ethnic Russians — the largest concentration of Russians outside Russia proper — they reside in a zone geographically identical and contiguous to Russia itself. That zone is also the Ukrainian agricultural and industrial heartland, which again is integrated tightly into the Russian core.

These are all important factors for Moscow, but ultimately they pale before the only rationale that really matters: Ukraine is the only former Russian imperial territory that is both useful and has a natural barrier protecting it. Belarus is on the Northern European Plain, aka the invasion highway of Europe. The Baltics are all easily accessible by sea. The Caucasian states of Armenia, Azerbaijan and Georgia are on the wrong side of the Caucasus Mountains (and Russia’s northern Caucasus republics — remember Chechnya? — aren’t exactly the cream of the crop of Russian possessions). It is true that Central Asia is anchored in mountains to the south, but the region is so large and boasts so few Slavs that it cannot be controlled reliably or cheaply. And Siberia is too huge to be useful.

Without Ukraine, Russia is a desperately defensive power, lacking any natural defenses aside from sheer distance. Moscow and Volgograd, two of Russia’s critically strategic cities, are within 300 miles of Ukraine’s eastern border. Russia lacks any natural internal transport options — its rivers neither interconnect nor flow anywhere useful, and are frozen much of the year — so it must preposition defensive forces everywhere, a burden that has been beyond Russia’s capacity to sustain even in the best of times. The (quite realistic) Russian fear is that without Ukraine, the Europeans will pressure Russia along its entire western periphery, the Islamic world will pressure Russia along its entire southern periphery, the Chinese will pressure Russia along its southeastern periphery, and the Americans will pressure Russia wherever opportunity presents itself.

Ukraine by contrast has the Carpathians to its west, a handy little barrier that has deflected invaders of all stripes for millennia. These mountains defend Ukraine against tanks coming from the west as effectively as they protected the Balkans against Mongols attacking from the east. Having the Carpathians as a western border reduces Russia’s massive defensive burden. Most important, if Russia can redirect the resources it would have used for defensive purposes on the Ukrainian frontier — whether those resources be economic, intelligence, industrial, diplomatic or military — then Russia retains at least a modicum of offensive capability. And that modicum of offensive ability is more than enough to overmatch any of Russia’s neighbors (with the exception of China).

When Retreat Ends, the Neighbors Get Nervous

This view of Ukraine is not alien to countries in Russia’s neighborhood. They fully understand the difference between a Russia with Ukraine and a Russia without Ukraine, and understand that so long as Ukraine remains independent they have a great deal of maneuvering room. Now that all that remains is the result of an election with no strategic choice at stake, the former Soviet states and satellites realize that their world has just changed.

Georgia traditionally has been the most resistant to Russian influence regardless of its leadership, so defiant that Moscow felt it necessary to trounce Georgia in a brief war in August 2008. Georgia’s poor strategic position is nothing new, but a Russia that can redirect efforts from Ukraine is one that can crush Georgia as an afterthought. That is turning the normally rambunctious Georgians pensive, and nudging them toward pragmatism. An opposition group, the Conservative Party, is launching a movement to moderate policy toward Russia, which among other things would mean abandoning Georgia’s bid for NATO membership and re-establishing formal political ties with Moscow.

A recent Lithuanian power struggle has resulted in the forced resignation of Foreign Minister Minister Vygaudas. The main public point of contention was the foreign minister’s previous participation in facilitating U.S. renditions. Vygaudas, like most in the Lithuanian leadership, saw such participation as critical to maintaining the tiny country’s alliance with the United States. President Dalia Grybauskaite, however, saw the writing on the wall in Ukraine, and feels the need to foster a more conciliatory view of Russia. Part of that meant offering up a sacrificial lamb in the form of the foreign minister.

Poland is in a unique position. It knows that should the Russians turn seriously aggressive, its position on the Northern European Plain makes it the focal point of Russian attention. Its location and vulnerability makes Warsaw very sensitive to Russian moves, so it has been watching Ukraine with alarm for several months.

As a result, the Poles have come up with some (admittedly small) olive branches, including an offer for Putin to visit Gdansk last September in an attempt to foster warmer (read: slightly less overtly hostile) relations. Putin not only seized upon the offer, but issued a public letter denouncing the World War II-era Molotov-Ribbentrop Treaty, long considered by Poles as the most outrageous Russian offense to Poland. Warsaw has since replied with invitations for future visits. As with Georgia, Poland will never be pro-Russian — Poland is not only a NATO member but also hopes to host an American Patriot battery and participate in Washington’s developing ballistic missile defense program. But if Warsaw cannot hold Washington’s attention — and it has pulled out all the stops in trying to — it fears the writing might already be on the wall, and it must plan accordingly.

Azerbaijan has always attempted to walk a fine line between Russia and the West, knowing that any serious bid for membership in something like the European Union or NATO was contingent upon Georgia’s first succeeding in joining up. Baku would prefer a more independent arrangement, but it knows that it is too far from Russia’s western frontier to achieve such unless the stars are somewhat aligned. As Georgia’s plans have met with what can best be described as abject failure, and with Ukraine now appearing headed toward Russian suzerainty, Azerbaijan has in essence resigned itself to the inevitable. Baku is well into negotiations that would redirect much of its natural gas output north to Russia rather than west to Turkey and Europe. And Azerbaijan simply has little else to bargain with.

Other states that have long been closer to Russia, but have attempted to balance Russia against other powers in hopes of preserving some measure of sovereignty, are giving up. Of the remaining former Soviet republics Belarus has the most educated workforce and even a functioning information technology industry, while Kazakhstan has a booming energy industry; both are reasonable candidates for integration into Western systems. But both have this month agreed instead to throw their lots in with Russia. The specific method is an economic agreement that is more akin to shackles than a customs union. The deal effectively will gut both countries’ industries in favor of Russian producers. Moscow hopes the union in time will form the foundation of a true successor to the Soviet Union.

Other places continue to show resistance. The new Moldovan prime minister, Vlad Filat, is speaking with the Americans about energy security and is even flirting with the Romanians about reunification. The Latvians are as defiant as ever. The Estonians, too, are holding fast, although they are quietly polling regional powers to at least assess where the next Russian hammer might fall. But for every state that decides it had best accede to Russia’s wishes, Russia has that much more bandwidth to dedicate to the poorly positioned holdouts.

Russia also has the opportunity. The United States is bogged down in its economic and health care debates, two wars and the Iran question — all of which mean Washington’s attention is occupied well away from the former Soviet sphere. With the United States distracted, Russia has a freer hand in re-establishing control over states that would like to be under the American security umbrella.

There is one final factor that is pushing Russia to resurge: It feels the pressure of time. The post-Cold War collapse may well have mortally wounded the Russian nation. The collapse in Russian births has halved the size of the 0-20 age group in comparison to their predecessors born in the 1970s and 1980s. Consequently, Russian demographics are among the worst in the world.

Even if Russia manages an economic renaissance, in a decade its population will have aged and shrunk to the point that the Russians will find holding together Russia proper a huge challenge. Moscow’s plan, therefore, is simple: entrench its influence while it is in a position of relative strength in preparation for when it must trade that influence for additional time. Ultimately, Russia is indeed going into that good night. But not gently. And not today.

THE LINK:

http://www.stratfor.com/weekly/20100125_ukraines_election_and_russian_resurgence?utm_source=GWeekly&utm_medium=email&utm_campaign=100126&utm_content=readmore&elq=5381f608e62249dfa807c7ba8dcbb57e
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Location, Location, Location-Seek The Truth!

There are terrific real estate bargains available today. Interest rates are at all time lows. It’s time to move some of your assets into owning a nice home in Palm Coast, Florida But where?

Say you have found several houses on a real estate web site that look like they might be what you want. What next? You have friends in Palm Coast; they know the place-call them and ask them to recommend an agent friend?  Or Call the Listing Agent directly about the house being promoted? You need to talk with someone with access to the MLS. Who???

Location is most important; everyone agrees to that.  But location is more than an address.  It is a lifestyle...Here is my opinion on why you should contact a Buyers Broker in order to get an unbiased opinion of houses you found on the internet and are considering. (Of course…I am a Buyers Broker!).

WHO REPRESENTS YOU? You really need objectivity to compare houses before you make your offer. Unbiased answers to your questions and all the relevant information-not just the surface story about the seller’s motivation to sell-you need to try to learn about confidential information sellers prefer you not find out.

You need to know whether you have someone working for just you.  As a Single Agent-they can do that.  But if your your real estate agent is acting as a Transaction Broker-they are pledged not to disclose confidential information and to work for both the Buyer and the Seller. Before your choose an agent, make sure you know who they will represent.  Most act as Transaction Brokers so they can sell their own, more profitable listings.

KNOW THE LISTING-SIDE AND THE SELLING-SIDE COMMISSION SPLITS AND SELLING INCENTIVES. The Listing Agent for the properties you want to investigate is likely to earn much, much more commission if they sell you one of their own listings. The properties they most need to sell are the ones they have listed themselves!

Most homes you see on internet sites are listed with a Multiple Listing Service. The Listing Brokers receive 100% of the final commission proceeds that are paid by the Seller at closing.

These Listing Brokers offer to “co-broke” with other MLS Brokers in order to get them to try to sell their listings. “Sell my Listing Agent’s listing and I will give you half the commission” kind of thing. This is called the “Selling- Side”Commission and often includes a bonus for selling a specific property.

The real estate commission pie has many different sized pieces. The Selling Side Broker receives this share of the commission and then pays their agent and also the Selling-Side Broker who, in turn pays his Sales Agent according to an individual subcontract between the Broker and the individual Agents working under the Broker’s license.

OK, so you can call an agent friend who lives in the town. Now you are well-aware and wary about the fact they probably will earn much more if they sell you their own listing. But you plan to ask them to help you investigate other listings you have found on the internet. This seems better. They can be more objective and you find the best house in the best location for the best price?

Almost. Percentages offered as Selling-Side commissions and incentive bonuses can still be very influential to your agent friend; your Selling-Side Agent.  The difference is often in the thousands.  Listing Brokers often offer cash bonuses, golf memberships and other incentives to entice Selling-Side agents to push a particular listing.

You need to know the commission splits. You are not shown commission information on the internet real estate the web sites. “For Buyers” listing print-outs and the ads Buyers receive intentionally do not disclose the commission or commission split information.  Buyers usually don’t learn until closing how much of the total commission the Listing Broker was paying to the Selling-Side. I think buyers need to know all about real estate commission details before they make an offer.

LOCATION, LOCATION, LOCATION. Your Selling-Side Agent needs to know and research the up-to-date history and lifestyles of the particular Palm Coast neighborhood and even the particular street the listings are on. Just a la-te-da tour in and out of listings is not enough. This is a very big investment.

For example. Maybe the house you see on the net is located in our well established, desirable, gated community of Grand Haven. Well, Grand Haven itself has 23 different Villages. If you plan to live in Grand Haven, you need to know a little something about all of them and a lot about the Village the listing you are investigating is in. I have been selling real estate in Palm Coast since 1996 and I still don’t know much about each of the Villages of Grand Haven. (But I do know the developer’s top salesperson and work together with her with every one of my buyers who wants to learn about a listing in Grand Haven.)

Buying real estate is entering a new paradigm. Buyers are more sophisticated. They are starting their searches on the internet and then selecting someone to communicate with in the local area about what they have found. However, most are still unsophisticated when it comes to choosing an agent. They think it really doesn’t matter that much and go with a friend of a friend, or the agent who has listed the house they saw on the internet, or go with a big name franchise, what’s the difference…If you're just looking for pleasure and just want house tours; none.  If you are a serious buyer; Lots!

A serious, qualified buyer needs an honest agent who Knows, Finds Out and Will Share all the important details about every house under close consideration. You one of those?   Then you need a Buyers Agent...Talk To Ted!



ADDENDUM: Here is a posting on Active Rain from another real estate agent that, like me, specializes as a BUYERS AGENT…





Home : Blogs : Kris Wales - Macomb County MI real estate blog & homes for sale search site : Macomb County MI real estate blog

Your seller may be very nice, but it isn't my job to make him happy.



I wrote a blog post earlier about appraisals, and what we as buyers agents can do to help our buyer clients to understand current market value and to avoid appraisal issues.



One of the comments I recieved said something like "You may not make the sellers happy..."



I'm a nice person. I like to think that I'm an easy agent to co-op with, and that I do perform my duties with care and diligence. My brokers have never received a complaint about me, nor do I ever expect them to. However, being nice and co-operating with the sellers agents doesn't mean that I won't do my job to the best of my ability for my client - the buyers.



My fiduciary responsibility as a buyers agent is to my buyers. When they find a home they wish to purchase my responsibility kicks in to high gear. I will analyze the current market for them and present them with all of the facts that I have on hand. They will then be able to make an educated decision about the price to offer for the home. I will then take their offer to purchase, along with my data and present it to the sellers.



Not long ago I heard these words from a sellers agent after my buyers offer was presented to them: "My seller is a nice man. He's worked hard, and his home is in good shape. He really deserves a better offer and isn't happy with this one."



My reply? "I'm a nice lady. I work hard. My home is in nice shape. I deserve good things to happen to me. But my home is still only worth XXX and it wouldn't appraise for more than XXX, and I surely wouldn't expect a buyer to pay more than XXX."



My buyer didn't overpay for that home, and we moved on to find them another home.

HERE’S THE LINK:
http://activerain.com/blogsview/1452920/your-seller-may-be-very-nice-but-it-isn-t-my-job-to-make-him-happy-
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How Much of the Reason Is The Season?

The Florida Realtors "News and Events" newsletter today talks about the increase in housing sales in general and condo sales in particular...


"Existing home sales rose 33 percent last month with a total of 14,630 homes sold statewide compared to 11,013 homes sold in December 2008, according to Florida Realtors. Statewide existing home sales last month increased 4.3 percent over statewide sales activity in November.

Florida Realtors also reported a 91 percent increase in statewide sales of existing condos in December compared to the previous year’s sales figure; statewide existing condo sales last month rose 22 percent over the total units sold in November.

Seventeen of Florida’s metropolitan statistical areas (MSAs) reported increased existing home sales and higher condo sales in December. A majority of the state’s MSAs have reported increased sales for 18 consecutive months."

Link to the Newsletter:
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=230708

OBoy!  Maybe real estate has turned the corner.  Maybe I will be able to sell a condo and make a commission.  Maybe my house will start to increase in value and be worth what I owe on it.  Maybe.  Maybe?

Our town is flooded with Snow Birds.  People who rent condos and homes each winter season are deciding to take advantage of the depressed market and buy the thing.   Will it last?  When they go home in March will the market go plop again?  I think the weak dollar and continued flow of foreclosures will still bring in foreign investors, but what the government does to stimulate home ownership will be a big factor.  I will be glued to the State of the Union message but doubt I will hear anything I can count on as going to happen.
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Saturday, January 23, 2010

No Gang Tours in Palm Coast...Maybe Miami?

Regardless of our depressed housing values and high unemployment, it's comforting to know how comparably safe we are living here in Palm Coast.  Whether we live behind the Gates of Grand Haven or on a lettered street in an open neighborhood.  Life is good.  Life is safe.  That is why folks are still moving here from cities.  Cities in Florida.  In the USA.   From cities all over the world.  Here is a bellweather happening...Take a Tour of Gangland!  Special discounts Friday and Saturday nights.

There is a new venture in Los Angeles offering tours through Los Angeles gang turf.
These are high end specialty tours of top crime scene areas of South Central Los Angeles.

The first tour on January 16th was sold out! Passengers received a discount of $35 on the regular $100 per head ticket and signed waivers that they were aware they could become crime victims and agreed to put themselves in the hands of ex-gang members who had negotiated a cease-fire in the most violent gang area in the U.S.

The objective of these tours, which are scheduled to run once a month, is to create jobs for residents of South Central and to inject money back into the community. It also promotes the continuation of a cease fire in certain designated areas in exchange for the tour operators hiring some of their youth for employment and training opportunities. Designated routes and times are being honored by participating gangs.

For more information on these tours visit L.A. Gang Tours."

It's for real.  Check out their website at  http://www.lagangtours.com/

Originally posted at: Your Los Angeles Town Crier: L.A. Gang Tours - Yes, L.A. Gang Tours!
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Thursday, January 21, 2010

The FHA Is Going Bankrupt

The FHA insures loans and it is going broke as the flood of bad loans continues to hit the market. 

They just passed two new rules to help keep them afloat...they are increasing the insurance premium they charge for FHA insured loans to 2.25% and they are requiring a credit score of 580 or more.  2.25% on a $200,000 loan is $4,500.

 Borrowers will still only need 3.5% downpayments for FHA insured loans; the mortgage premium will just be added to what they owe. 

I think the FHA will end up asking for a federal bailout.

Today's comments by our President failed to integrate how Barney Frank's push to make it easier to buy a house resulted in bad loans that greatly contributed to the financial crisis.  Or why there is no proposed tax on Fannie Mae and Freddie Mac's obscene profits.

"The Buck Stops Here!"  one day;
"It's Not My Fault!  It's Their Fault!"  the next. 

We are listening to a blame game with no popular, common sense solutions being proposed.  Florida postponed the problem by requiring all new foreclosures to first go through an arbitration process before a lein can be filed.  Then what?

To see the full article from Florida Realtors News, click here...

http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=230514

Hang on Sloopy,  Sloopy Hang On!
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Palm Coast Commercial Property

I specialize in residential property, but Palm Coast Florida is overflowing with commercial property bargains. Here is a listing by Jerry Maisello one of our top commercial brokers. I know them all. If you are interested in buying commercial property or buying a business in Palm Coast, Florida...Talk To Ted First !
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Tuesday, January 19, 2010

Some Foreigners Buying in South Florida Are Making A Big Mistake

If you live in Germany, Russia, Canada or one ot the other countries where many investors are now taking advantage of our weak dollar and investing in a bargain priced US home in a warm climate, you are on the right track. 

But if you are thinking of investing in any town on the east coast of Florida south of Ft. Lauderdale, or even south of Vero Beach, be very careful!

Many of our Palm Coast home buyers are coming in droves from Miami and southeast Florida.  The reason?  Well, they say it doesn't seem like you are even in America in most parts of Miami and many parts of the southeast Florida coast.  Spanish has become the first language and the predomimate culture.  Traffic is very congested.  Gangs and crime are flourishing.

The world is behind the curve on the Balkanization of southeast Florida. 

Note this article from the UK:

OVERSEAS PROPERTY PROFESSIONAL NEWS ARTICLE
"MIAMI PRICE DROP TRIGGERS FOREIGN ‘BUYING FRENZY’

US, Florida, Miami, Condo Vultures, discounts,


Miami developers saw a surge in condo sales in the second half of 2009 after lenders slashed property prices by 30%.

Buyers purchased 1655 new condos in Greater Downtown Miami in the latter part of the year, up by 133% from 711 sales in the first six months, according to tesearch from Florida-based consultancy Condo Vultures.


“Buyers, primarily with cash, purchased an average of 6.5 new condo units per day from developers in 2009,” said Peter Zalewski, principal at Condo Vultures. “The buying activity really picked up velocity in the second half of the year once retail condo prices were slashed by lenders from $300 per square foot down to $200 per square foot, which is in many cases below the replacement cost of the finished product.


“The new prices triggered a buying frenzy by foreign nationals with strong currencies and private equity groups that finally began to purchase, completing a dozen condo bulk deals in the Brickell Avenue Area, Downtown Miami, and the Biscayne Boulevard Corridor in 2009.”


Zalewski said it is unclear how much of an effect the lack of condo financing in Greater Downtown Miami had on the final transaction totals for 2009.


More new condo sales were made in the third quarter (977) than the whole of the first half of 2009, but transactions saw of a decrease of 27% to 700 in the fourth quarter"

OVERSEASE PROPERTY PROFESSIONAL ARTICLE:  http://www.opp.org.uk/news_article.asp?id=3597


Good PR for Condo Vultures, but very bad advice for non-spanish speaking foreign investors.  My advice is to find a friend or relative from your native country in Florida and couple that with a local real estate agent who knows about each sub-neighborhood in the town and what they offer in the way of a lifestyle and  investment opportunity. 

I start a dialog with my prospective buyers about what they want and need.  I then do a comparative analysis of different candidate places in Florida that meet their needs.  If they are planning to visit the US, I send them on an area tour to meet with competent local agents and check the towns out. 

The foreclosure bargains and depressed real estate market is universal in Florida.  You can find a great deal almost anywhere if you do the right research.   A reflexive reaction to buy in Miami could bite you. 

Location, Location, Location.  Talk To Ted !  tedleshersr@gmail.com.  Licensed Florida Real Estate Broker.
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Thursday, January 14, 2010

Dollars are Dying; Quick-Buy Real Estate

The debt position of the US plus the inability to stop spending on unfunded entitlements and new social programs makes it inevitable the US dollar will suffer from inflation and that the best way to deal with our debt to China will be to devalue the dollar. 

Currency devaluation due to inflation is a common strategy in European countries.   The ruble was redenominated on January 1, 1998, with one new ruble equalling 1000 old rubles. The redenomination was a purely psychological step that did not solve the fundamental economic problems faced by the Russian economy at the time, and the currency was devalued in August 1998 following the 1998 Russian financial crisis. The ruble lost 70% of its value against the U.S. Dollar in the six months following this 1998 Russian financial crisis. 

As a real estate Buyers Broker in Palm Coast Forida I am marketing to wealthy investors in Russia encouraging them to invest in property in Florida; in particular Palm Coast. The dollar is weak, the weather is great, we are on the east coast of Florida and an easy drive to Orlando. Talk To Ted? tedleshersr@gmail.com.

Below I have listed a quote from Wikipedia on the history of the Russian Ruble. (http://en.wikipedia.org/wiki/Russian_ruble). They have devalued it twice already from 1961.
First ruble, Antiquity - December 31 1921
The ruble has been the Russian unit of currency for about 500 years. From 1710, the ruble was divided into 100 kopeks.

The amount of precious metal in a ruble varied over time. In a 1704 currency reform, Peter I standardized the ruble to 28 grams of silver. While ruble coins were silver, there were higher denominations minted of gold and platinum. By the end of the 18th century, the ruble was set to 4 zolotnik 21 dolya (almost exactly equal to 18 grams) of pure silver or 27 dolya (almost exactly equal to 1.2 grams) of pure gold, with a ratio of 15:1 for the values of the two metals. In 1828, platinum coins were introduced with 1 ruble equal to 77⅔ dolya (3.451 grams).

On December 17, 1885, a new standard was adopted which did not change the silver ruble but reduced the gold content to 1.161 grams, pegging the gold ruble to the French franc at a rate of 1 ruble = 4 francs. This rate was revised in 1897 to 1 ruble = 2⅔ francs (0.774 grams gold).

With the outbreak of the First World War, the gold standard peg was dropped and the ruble fell in value, suffering from hyperinflation in the early 1920s.

Second ruble, January 1, 1922 - December 31, 1922
In 1922, the first of several redenominations took place, at a rate of 1 "new" ruble for 10,000 "old" rubles. The chervonets (червонец) was also introduced in 1922.

Third ruble, January 1, 1923 - March 6, 1924
A second redenomination took place in 1923, at a rate of 100 to 1. Again, only paper money was issued. During the lifetime of this currency, the first money of the Soviet Union was issued.

Fourth (Gold) ruble, March 7, 1924 - 1947
A third redenomination in 1924 introduced the "gold" ruble at a value of 50,000 rubles of the previous issue. This reform also saw the ruble linked to the chervonets, at a value of 10 rubles. Coins began to be issued again in 1924, whilst paper money was issued in rubles for values below 10 rubles and in chervonets for higher denominations.

Fifth ruble, 1947 - 1961
Following World War II, the Soviet government implemented a confiscatory redenomination of the currency to reduce the amount of money in circulation. This only affected the paper money. Old rubles were revalued at one tenth of their face value.

Sixth ruble, 1961 - December 31 1997
The 1961 redenomination was a repeat of the 1947 reform, with the same terms applying. The Soviet ruble of 1961 was formally equal to 0.987412 gram of gold, but the exchange for gold was never available to the general public. Following the breakup of the Soviet Union in 1991, the ruble remained the currency of the Russian Federation. New set of banknotes was issued in the name of Bank of Russia in 1993. During the period of hyperinflation of the early 1990s, the ruble was significantly devalued.

Seventh ruble, January 1, 1998 -
The ruble was redenominated on January 1, 1998, with one new ruble equalling 1000 old rubles. The redenomination was a purely psychological step that did not solve the fundamental economic problems faced by the Russian economy at the time, and the currency was devalued in August 1998 following the 1998 Russian financial crisis. The ruble lost 70% of its value against the U.S. Dollar in the six months following this 1998 Russian financial crisis.
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Tuesday, December 15, 2009

Anatomy of a Garage Sale

One of my sons lives in Ponte Vedra. He just bought a new home there and had to dispose of a lot of items from his old home. He is renting it until the market improves. He has found a good tenant who wants to move in right away and so he has to get rid of the left over household goods he did not take with him. My wife and I offered to hold a garage sale at the old home.




We are very familiar with Palm Coast garage sales. We have neighbors who go regularly as a form of entertainment. We have bought things from Comin Around Again (http://CominAroundAgain.com) and our friend runs At Your Service, another professional garage sale and estate sale organization here in town. Garage Sales are very popular here. Early Birds arrive in droves and cars fill the street around the sale houses.



Not so in Ponte Vedra. Different demographics. Palm Coasters are looking for bargains. Ponte Vedrans are mostly just nosy neighbors checking out other neighbors to better keep up with the Joneses-or at least bad mouth them and their poor taste. And no Early Birds. The rush didn’t come until after 10:00am.



But the Ponte Vedra address did attract some bargain hunters and the tenants themselves decided to purchase a number of things. We sold two oriental rugs, an antique vanity with a mirror, an antique roll top desk, a chest of drawers, a pool side set of wicker chairs and small tables, and a lot of geegaws and small things. This Thursday we are renting a trailer, going back to Ponte Vedra, and hauling the rest of the stuff home here to Palm Coast- where bargains are appreciated and garage sales tours have replaced model home tours as a fun way to spend a couple of hours.



Barb and I don’t like to haul stuff in and out of our garage. And the garage is full to the brim. And you can never tell if it will rain on your Garage Sale date and then you can’t use your driveway. But we want to downsize for when we get feeble and we have lots of things we want to dispose of. So I am creating www.PalmCoastGarageSales.com to sell my son’s stuff and some of my own.



We will attack the garage like this: We will make three piles…”Throw this crap out” “Try to Sell This Stuff” and “Give this to Goodwill”. With some luck we will have room in the garage for at least one car by spring.



My online-garage-sale thing is unique. Palm Coast does not have a CraigsList. We have to list on Daytona’s or St. Augustine’s. Sell on EBay? I just bought something from an EBay auction. What a pain in the ass. Staring at the deadline time and frantically punching in higher “maximum bids”-I got my thing at somewhat of a discount, but did not like the process. About a year ago I used the “Buy Now” feature of EBay and wound up owning two Dyson sweepers by mistake. And selling things? And EBay is putting the squeeze on the little guy and has made it much more restrictive and complicated to sell one or two items. They want storefronts with lots of items and five star ratings.



So I am doing an internet thing. I am developing my website using lots of videos on it to show items. Lots of pictures. And I have a unit at Champion Self Storage I call my “Inspection Station” where-if you see something you like on the website-you can arrange to see it in person at the Inspection Station. Like at a garage-based Garage Sale, you make me an offer using email and I either accept your offer or call you a nasty name. It should be fun.



Many of us Senior Citizens who go to Garage Sales break out in a rash when someone asks us if we have email or use a computer. But more and more of us Oldies are admitting computers are like indoor plumbing. You can’t really defend why you won’t use one. Well, you can and do, but I think you know you are sounding ridiculous.



I am offering www.PalmCoastGarageSale.com as a vehicle for other Palm Coasters to sell their stuff and give the proceeds to charity and I am also selling space on it real cheap-free to some-in order to get started with a good inventory so the site will be a good place to go and browse around and look at things… without the need to get up early in the morning and then hassle with where to park your car.



Got something you would like me to sell for you? Drop me a comment. Talk To Ted !
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Wednesday, December 9, 2009

Palm Coast Condos Are Not for Poor People

On Monday, the Federal Housing Administration started limiting the number of buyers in condo buildings that can get loans insured by the agency.



The rules put restrictions on buildings with poor finances, too many delinquent owners and a high number of rentals.  One change is that no more than 15 percent of total units can be more than 30 days behind on condo association fees. Another is a requirement that 50 percent of a condominium be owner-occupied. 



These tighter lending standards are designed to protect the financial health of the FHA. Roughly 18 percent of loans currently insured by the FHA are delinquent or in foreclosure. The agency’s financial cushion is below the federal minimum.



The FHA, a key source of mortgage financing, insures roughly one in four new loans. Primarily because buyers need only a 3.5 percent down payment.

Prices in qualifying condos will probably go up while “unqualified” units won’t sell at all. The move will be a blow to many Palm Coast condo owners who are trying to sell their units. And a boon to people with money who want to make a smart, long-term real estate investment.

This runs counter to political initiatives that encourage first time home buyers and other “economically disadvantaged” to buy a home.


Overall, poor folks and real estate agents like me will suck wind….government greenhouse gas.

I wish I knew which of our Palm Coast condos had “poor finances and/or a high number of rentals".   Canopy Walk?      I will keep tuned in to Toby Tobin’s newsletter at http://gotoby.com/ to see if he gets info about where and how this new, restrictive lending policy is affecting Palm Coast’s emergence from the real estate slump.

But the Rich Can Get Richer using the FHA Section 203k program to purchase ‘dream homes’. More and more distressed properties are hitting the market and mortgage lenders increasingly offer FHA Section 203k mortgages. These loans finance both home purchases and residential improvements, allowing buyers to purchase dwellings with possibilities and transform them into dream homes. In many instances, homes are in prime locales but need some work; and experts say the 203k mortgage program lets average buyers snap them up. I'm a Buyers' Agent!  Let me find one for you!
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Monday, December 7, 2009

Intellectuals Don’t Own Television Sets...Do They?

A friend of ours is very proud to let everyone know they don’t own a TV set. I know they are both very bright and have in-depth knowledge about subjects that are of interest to them. One also has considerable musical talent. In general they are justifiably people to admire.



But this put me off…”we don’t own a television set”.   Like everyone who does is intellectually deficient.



And I see the same thing with one of our Home-Schooler friends. “We don’t own a TV set”. “Our children spend time studying and taking music lessons and going to horsey camp”.



Watching too much TV is definitely on my ‘do not’ list. Watching no TV is not.



Not having an iPhone, bad-mouthing text messaging and not participating in social networking is more a signal that you are close-minded.  Not  that you are refined and “Conservative”.

And not owning a television set is a pseudo- intellectual accoutrement. Posturing. Trying to be “smarter than thou”, “better than thou”.



Common Sense has fallen into disrepute: 
"Those “commoners” want to take over control of their local and national governments, want to establish their moral values as our community’s moral values, to dictate what textbooks are used in schools.  To resist acceptance of co-ed college dormitory living where their student children can party and have sex under more favorable conditions.  How wrong.  How dare they!  A Populist Movement?  Pshaw. Nix. Nein. Those Commoners just aren’t qualified to be in charge of anything."

Or are they?

Since I am smarter than most and do not consider myself a Commoner, I understand my academic-elitist and pseudo-intellectual friends' arguments. However, my Common Sense (non sequitur) tells me many of their ideas won’t work. Including not watching a little TV. We need to keep in touch with the riff raff.

Almost everything is changing. So I better consider that ‘History Repeats Itself’ and give that shibboleth as much importance as ‘Rely on the Reasoning of Smarter People’.  And I better keep aware of what is going on around me.  Outside my comfort zone.

Please note how I use fancy words and expressions to be sure any possible reader of this tripe will recognize How Great I Am.
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Sunday, December 6, 2009

Joulupukki Wishes A Merry Christmas to all Palm Coast’s Nuuttipukki’s

Joulupukki, is the Finnish Santa Claus and he lives with his wife and helpers and reindeer in Lapland. (One of my favorite places)



I looked up Jolupukki on Wikipedia so I could ask him for something for Christmas.

I found out my fellow travelers are called Nuutipukki:



http://en.wikipedia.org/wiki/Joulupukki



What? You don’t know what a Nuuttipukki is either? No, it’s not some nut with a hangover, ralphing his heart out.



They are “people who perform for leftover food after Christmas” And they dress like goats. (Hopefully they don’t smell like them).



I expect there will be more Nuttipukki’s types than ever in Palm Coast this year. The unemployment rate is over 16%.

My PalmCoastGarageSale.com site isn’t up yet, so I will be among them.



Anyway, I’m an Aires Ram and think this link is a great read for us Wiko-philes
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Saturday, December 5, 2009

Riches to Rags…Palm Coast Accommodates Change, Ted Pioneers It !

About three years ago Flagler County was about the fastest growing area in the country.

Last month Palm Coast had Florida’s highest unemployment rate-16.1 %.

Before the large increase in population Palm Coast was predominantly a retirement community, Becoming a retired person immediately sharpens one’s bargaining skills and changes one’s shopping habits.

So does losing your job.

Before we retired to Florida my wife and I shopped in small, locally owned specialty stores for almost everything. Kings Market for groceries, and Roots for clothes.  A nearby farm for our eggs, a butcher shop for meat.   Even in a place on Main Street in Madison, NJ where you bought a live chicken and they killed and de-feathered it for you.

We watched Toys-R-Us be born and Two Guys from Harrison start up. And then we began shopping in Big Box stores

We grew older.  Retired to Florida and kept the same lifestyle. However, as the years passed we began to outlive our money. We had to rely more and more on Social Insecurity checks.

So we have joined the droves of Palm Coast Geezers and Gerties eating Early Bird Specials, shopping in The Dollar Tree and going to garage sales rather than Vegas Casino’s for our kicks.

Some of us 'Senior Citizens' are becoming computer literate and can shop Craig’s List, Amazon and Ebay for bargains.  But most of us oldies prefer more social interaction.

We have already been through the ‘Scratch and Claw’, ‘Upward Mobility or Bust’ phase of our lives. We no longer need to rub shoulders with 'type A' over-achievers and people with more money than us.

Now we are happy and amused checking out the tattoos and hearing the deep south, Russian, Jamacian, and ‘God only knows’ foreign accents at the Flagler Farmers Market.

Giving away to someone one of the bargains we discovered at Goodwill, or a consignment store, or Beal’s Clearance, or something that we spotted at a Garage Sale or Flea Market may still be considered Gosh by those with gelt; but we don’t think so.  Or care.

Especially when we give one of our bargain treasures to someone for no reason at all. No birthday. No Christmas present. Not for a wedding or graduation. Just because we love you and were thinking of you (and we love to shop and just had to buy it and it was sooo cheap!)..

Today Palm Coast is a gold mine for bargains of all kinds. Restaurant specials, two-for-one deals ("we can always give one away").  Coupons up the gazoo. Garage sales, Flea markets, Farmer’s Markets, Consignment Shops.

 Palm Coast makes being poor fun.

However...on seeing this happening...I just could not suppress my lifelong addiction to entrepreneurial adventures. To identifying trends; to starting new businesses.

So last week I piloted my Internet Garage Sale.

I’m working out the bugs at .   http://pontevedragaragesales.com/
It's under construction but online.
And I will migrate that site to my PalmCoastGarageSale.com site real soon.   Then we can downsize and I can empty out my garage. And (if I don’t lose my ass on it) maybe I will sell some of my friends and neighbors stuff on it, too. Hell, maybe I will become rich again and shop in Dubai. Look out Craigslist, here I come!

Check the site out and give me some advice. Tell me to “Forgettabout It”, give me some good interface design ideas... or some good stuff to sell cheap on my websites. Tell me something you have for sale.

That’s what this blog post was all about, right? People buying and selling good stuff at bargain prices!

http://pontevedragaragesales.com/
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Friday, December 4, 2009

Of Interest to Pilots: Sullenberger Public Record Release

I just received this YouTube link from a Facebook friend. I found it interesting...and I am not a pilot!

http://www.exosphere3d.com/pubwww/pages/project_gallery/cactus_1549_hudson_river.html
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