Comments on: Stimulus Bill: Putting $900 Billion in Perspective http://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/ Phoenix real estate | Search Phoenix Homes for sale | Real Estate Blog Sun, 21 Mar 2010 05:31:39 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Real Estate Marketinghttp://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/#comment-59501 Real Estate Marketing Sat, 11 Jul 2009 09:22:22 +0000 http://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/1877#comment-59501 TAX!!!!! many business are being affected with this issue, The RE agent drop in income story has other facets.Agents incomes are way down. The figures calculated are probably directionally correct overall. What makes things worse for the agents is that they're not doing 54% less work, or incurring 54% less out of pocket costs. Many pay for system access and certain RE related services out of pocket. With income reduced but expenses holding steady, the reduction in their net income is more pronounced. Many of these agents are also spending significant amounts of time and energy working on short sales. Few of these transactions end up closing and yielding commission $ as many banks are dragging their feet on dealing with problems. The only people who seem to have it worse are the spec builders. Many are being boiled alive as the problems they put off in 2008 by renting out unsold inventory are now snowballing into massive losses. TAX!!!!! many business are being affected with this issue, The RE agent drop in income story has other facets.Agents incomes are way down. The figures calculated are probably directionally correct overall. What makes things worse for the agents is that they're not doing 54% less work, or incurring 54% less out of pocket costs. Many pay for system access and certain RE related services out of pocket. With income reduced but expenses holding steady, the reduction in their net income is more pronounced. Many of these agents are also spending significant amounts of time and energy working on short sales. Few of these transactions end up closing and yielding commission $ as many banks are dragging their feet on dealing with problems. The only people who seem to have it worse are the spec builders. Many are being boiled alive as the problems they put off in 2008 by renting out unsold inventory are now snowballing into massive losses.

]]> By: Real Estate Marketinghttp://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/#comment-57846 Real Estate Marketing Sat, 11 Jul 2009 07:22:22 +0000 http://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/1877#comment-57846 TAX!!!!! many business are being affected with this issue, The RE agent drop in income story has other facets.Agents incomes are way down. The figures calculated are probably directionally correct overall. What makes things worse for the agents is that they're not doing 54% less work, or incurring 54% less out of pocket costs. Many pay for system access and certain RE related services out of pocket. With income reduced but expenses holding steady, the reduction in their net income is more pronounced. Many of these agents are also spending significant amounts of time and energy working on short sales. Few of these transactions end up closing and yielding commission $ as many banks are dragging their feet on dealing with problems. The only people who seem to have it worse are the spec builders. Many are being boiled alive as the problems they put off in 2008 by renting out unsold inventory are now snowballing into massive losses. TAX!!!!! many business are being affected with this issue, The RE agent drop in income story has other facets.Agents incomes are way down. The figures calculated are probably directionally correct overall. What makes things worse for the agents is that they're not doing 54% less work, or incurring 54% less out of pocket costs. Many pay for system access and certain RE related services out of pocket. With income reduced but expenses holding steady, the reduction in their net income is more pronounced. Many of these agents are also spending significant amounts of time and energy working on short sales. Few of these transactions end up closing and yielding commission $ as many banks are dragging their feet on dealing with problems. The only people who seem to have it worse are the spec builders. Many are being boiled alive as the problems they put off in 2008 by renting out unsold inventory are now snowballing into massive losses.

]]> By: Obama’s Mortgage Plan: What is, and isn’t, in the Homeowner Affordability and Stability Plan — The Phoenix Real Estate Guyhttp://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/#comment-44736 Obama’s Mortgage Plan: What is, and isn’t, in the Homeowner Affordability and Stability Plan — The Phoenix Real Estate Guy Thu, 19 Feb 2009 19:13:50 +0000 http://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/1877#comment-44736 [...] (if people can take advantage of them) are generally a good thing. It’s the slinging around of staggering amounts of money that concerns me. $75,000,000,000 here, $200,000,000,000 there, $787,000,000,000 for what some are [...] [...] (if people can take advantage of them) are generally a good thing. It’s the slinging around of staggering amounts of money that concerns me. $75,000,000,000 here, $200,000,000,000 there, $787,000,000,000 for what some are [...]

]]> By: Jim Dolanch-Pittsburgh Real Estate Experthttp://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/#comment-44099 Jim Dolanch-Pittsburgh Real Estate Expert Fri, 13 Feb 2009 05:57:57 +0000 http://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/1877#comment-44099 That is really rather disconserting. MaryAnn Knell has a good point-I wonder what all this debt will do for our econony; it is a possibility all this bail out spending is only making the problem worse, just further down the road. That is really rather disconserting. MaryAnn Knell has a good point-I wonder what all this debt will do for our econony; it is a possibility all this bail out spending is only making the problem worse, just further down the road.

]]> By: MaryAnn Knell-Peoria Real Estatehttp://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/#comment-44087 MaryAnn Knell-Peoria Real Estate Fri, 13 Feb 2009 05:12:54 +0000 http://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/1877#comment-44087 That had me laughing at the end! Wonderful history lesson there and a GREAT comparison of the 900 BILLION dollors to seconds; very sobering thoughts there. I wonder how many years it will take for our children's grandchildren's grandchildren's children to work off this debt we are digging here?*<em>*<em>MaryAnn Knell-Peoria Real Estate´s last blog post..<a href="http://peoriahomeoffice.com/blog/?p=206">10 Steps to Achieving the American Dream of Home Ownership!</a></em></abbr></abbr></em> That had me laughing at the end! Wonderful history lesson there and a GREAT comparison of the 900 BILLION dollors to seconds; very sobering thoughts there. I wonder how many years it will take for our children’s grandchildren’s grandchildren’s children to work off this debt we are digging here?

**MaryAnn Knell-Peoria Real Estate´s last blog post..10 Steps to Achieving the American Dream of Home Ownership!

]]> By: Colleen@Kennewick Real Estatehttp://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/#comment-43990 Colleen@Kennewick Real Estate Wed, 11 Feb 2009 13:42:05 +0000 http://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/1877#comment-43990 @Michael Oliver , Good points. In fact, because of this we are paying off all debt, including our personal mortgage and investment properties. This is a first for us as we have always leveraged our mortgages against investments producing a greater return. I think we are headed to incredibly bad times. Perhaps a slight lift economic lift (like a caffeine or sugar shot) in the next half year or so because of the stimulus package, but when we come down, we will come down hard. IMHO!*<em>*<em>Colleen´s last blog post..<a href="http://www.joelane.com/real-estate-blog/west-richland-homes-for-sale/">West Richland Homes For Sale</a></em></abbr></abbr></em> @Michael Oliver ,
Good points. In fact, because of this we are paying off all debt, including our personal mortgage and investment properties. This is a first for us as we have always leveraged our mortgages against investments producing a greater return. I think we are headed to incredibly bad times. Perhaps a slight lift economic lift (like a caffeine or sugar shot) in the next half year or so because of the stimulus package, but when we come down, we will come down hard. IMHO!

**Colleen´s last blog post..West Richland Homes For Sale

]]> By: Mickey Kickhttp://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/#comment-43985 Mickey Kick Wed, 11 Feb 2009 07:48:11 +0000 http://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/1877#comment-43985 I hope the government will try to stabilize real estate market, because what is happening now is simply said a mess. I hope for a new ideas, but this crisis will last for at least a few years. Let's wait and see how the things will be going.*<em>*<em>Mickey Kick´s last blog post..<a href="http://www.europewallpapers.com/?p=1341">WHAT SHOULD I GO VISIT IN DUBROVNIK, CROATIA THIS SUMMER?</a></em></abbr></abbr></em> I hope the government will try to stabilize real estate market, because what is happening now is simply said a mess. I hope for a new ideas, but this crisis will last for at least a few years. Let’s wait and see how the things will be going.

**Mickey Kick´s last blog post..WHAT SHOULD I GO VISIT IN DUBROVNIK, CROATIA THIS SUMMER?

]]> By: Michael Oliverhttp://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/#comment-43982 Michael Oliver Wed, 11 Feb 2009 05:13:04 +0000 http://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/1877#comment-43982 The good news is (this is going to blow people away I'm sure) that it will cost a lot more then the $900 billion if the US economy blows up into a depression. The reason is a falling tax base. As people spend less government takes in a lot less in tax revenue. (think sales taxs, etc) All this means it actually costs more to not do it assuming you think there's a fair chance the economy goes to depression without some demand side economics which is exactly what they are currently doing. This is why a ton of states are bankrupt right now (or on the verge) everything was great during the great economy and even a "decent" one but once things started into recession territory the tax base dried up and the sprial down only gets going faster and faster until everything locks up.One more thing to realize is actually during the depression they did the same exact thing but it wasnt enough money and the stimulus wasn't quickly enough infused into the economy and this is when the real "depression" took hold and economic contraction took place for I think it was 42 solid months. Right now I think were going on 15 months of economic contraction and the next two worse recessions EVER both lasted each a grand total of 16 months. We will easily blow past that I think they should spend $2 trillion what difference does it make? Whatever's needed to reverse the course we are on is exactly what's needed. The good news is (this is going to blow people away I’m sure) that it will cost a lot more then the $900 billion if the US economy blows up into a depression. The reason is a falling tax base. As people spend less government takes in a lot less in tax revenue. (think sales taxs, etc) All this means it actually costs more to not do it assuming you think there’s a fair chance the economy goes to depression without some demand side economics which is exactly what they are currently doing. This is why a ton of states are bankrupt right now (or on the verge) everything was great during the great economy and even a “decent” one but once things started into recession territory the tax base dried up and the sprial down only gets going faster and faster until everything locks up.

One more thing to realize is actually during the depression they did the same exact thing but it wasnt enough money and the stimulus wasn’t quickly enough infused into the economy and this is when the real “depression” took hold and economic contraction took place for I think it was 42 solid months. Right now I think were going on 15 months of economic contraction and the next two worse recessions EVER both lasted each a grand total of 16 months. We will easily blow past that I think they should spend $2 trillion what difference does it make? Whatever’s needed to reverse the course we are on is exactly what’s needed.

]]> By: James Boyer @ Morristown NJ real estatehttp://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/#comment-43980 James Boyer @ Morristown NJ real estate Wed, 11 Feb 2009 04:30:54 +0000 http://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/1877#comment-43980 Can they at least have jail sentences for all the bank CEOs who contributed to this mess?*<em>*<em>James Boyer´s last blog post..<a href="http://www.jboyerhomes.com/nj-real-estate-blog/?p=128">Morristown NJ Home Sales / January 2009</a></em></abbr></abbr></em> Can they at least have jail sentences for all the bank CEOs who contributed to this mess?

**James Boyer´s last blog post..Morristown NJ Home Sales / January 2009

]]> By: Colleen@Kennewick Real Estatehttp://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/#comment-43978 Colleen@Kennewick Real Estate Wed, 11 Feb 2009 04:09:58 +0000 http://www.phoenixrealestateguy.com/stimulus-bill-putting-900-billion-in-perspective/1877#comment-43978 I cannot fathom the debt we will be incurring, however, I know our children will not be better for the money that is spent in the near future by our government.*<em>*<em>Colleen´s last blog post..<a href="http://www.joelane.com/real-estate-blog/west-richland-homes-for-sale/">West Richland Homes For Sale</a></em></abbr></abbr></em> I cannot fathom the debt we will be incurring, however, I know our children will not be better for the money that is spent in the near future by our government.

**Colleen´s last blog post..West Richland Homes For Sale

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