Socal Multiunit Real Estate

DANCING PRESIDENTS TO DELIGHT U

As a holiday delight, please enjoy these disco dancing presidents courtesy of www.elfyourself.com

Click on

http://elfyourself.jibjab.com/view/9L025guZb3dngeLSREh0

and prepare yourself for some holiday cheer.

ON DECK FOR THE NEW PRESIDENT: COLLAPSING FORECLOSURES AND RISING HOME VALUES

ON DECK FOR THE NEW PRESIDENT: COLLAPSING FORECLOSURES AND RISING HOME VALUES

Recently, the Today Show, NBC’s traditionally reliable source of information, reported that nearly 20% of homeowners are upside down in their mortgages. Forget how we got there. What the next president inherits is a state of panic where people don’t know how they are fiscally going to make it through the next phase.

It is critical that the next president – be it John McCain or Barak Obama, takes an optimistic view that the housing market can indeed be fixed. Issues must be tackled piece by piece - rampant foreclosures, collapsing residential property values, and bad banking judgement. And these elements were part of an even larger governmental issue – what Inman News calls, “too much liquidity chasing bad loans in an unaffordable housing market.”

The economic shift has solved issues of excess liquidity + bad loans. Now the elements specifically affecting the housing market must be tackled. The pendulum of bad banking judgement has now swung to the other extreme, and only the best qualified can get a loan.

On deck for the new administration, to rising foreclosures and collapsing home values into collapsing foreclosures and rising home values. He needs to turn the current wave of fear into optimism.

Inman News has come up with a to-do list for the next occupant of the Oval Office, which includes:

· Institutionalize loan modification activity

· Rebuild faith in the secondary mortgage market

· Expand the Scope of the FHA

· Bring dignity to renting

· Re-tool federal housing programs

· Re-think regulation

· Beef up RESPA

· Housing leadership

· Resist quick housing stimulus packages

Please go to http://www.inman.com/news/2008/10/29/what-next-president-must-do for all the details.

THE McCAIN�S REAL ESTATE HOLDINGS

THE McCAIN�S REAL ESTATE HOLDINGS

Are we seeing shades of Ronald Reagan already?
John McCain’s inability to recall the extent of his personal real estate holdings was certainly the chuckle around the Labor Day barbeque this weekend. Ironically, as Inman New notes, the Republican presidential candidate�s property collection has been the subject of more ink than his thoughts on housing policy.

For the record, according to the Los Angeles Times, McCain and his wife Cindy own:

� a nine-acre property with a main residence and two guest cabins in Sedona, Ariz.;
� a separate six-acre parcel also in Sedona;
� a 2,100-square-foot condominium in Arlington, Va.;
� three condominiums, one of approximately 6,600 square feet, in Phoenix;
� two condominiums in Coronado, Calif.; and one condominium in La Jolla, Calif.�

All the dirt @ http://www.inman.com/buyers-sellers/columnists/marciegeffner/mccain-keeps-hands-housing
Pix: http://www.esoterically.net/weblog/wp-content/uploads/2008/02/mcain_cindy_john.jpg
http://blog.mlive.com/elections_source/2008/02/large_20080221-john-cindy-mccain.jpg