News about the cap-and-trade bill this month concerns the internal
analysis done by the Obama administration but buried until a FOIA
request forced its release showing that the cost per household for the
bill would go higher than $1750/yr that has already escalated from
$175/yr as Obama promised (he lied - again).

Now comes news that the cap and trade bill in both the Senate and
House contain 375 new regulations - one of which will knee cap the
refi/foreclosure/fixer-upper market and put a huge crimp in ordinary
home sales.

http://www.politico.com/news/stories/0909/27448.html

If people can’t sell when they get in financial trouble — because
financial trouble usually means one cannot replace older appliances
and windows — then we can expect to see foreclosures rise as people
walk away. Will banks be able to sell foreclosures without a similar
inspection? If not, then we can also expect to see lenders get a lot
more particular about their borrowers. It’s bad enough to get stuck
with a foreclosure, which are usually not in sellable shape even
without worrying about the Green Police. And if banks get a pass, why
should they get more privilege than a responsible homeowner does?

If one were to write a prescription for a housing-sector depression,
imposing these regulations on resales would be one of the most
effective. It’s a ludicrous encroachment of the federal government
into private transactions, and it would seriously wound an industry
already reeling from the government interventions at Fannie and
Freddie over the last ten years.

Obama and his congressional enablers are out of control and people are
starting to realise it.

2010 can't come fast enough.

On Wed, 23 Sep 2009 08:11:18 -0700 (PDT), Toots Sweet
wrote:

News about the cap-and-trade bill this month concerns the internal
analysis done by the Obama administration but buried until a FOIA
request forced its release showing that the cost per household for the
bill would go higher than $1750/yr that has already escalated from
$175/yr as Obama promised (he lied - again).

Now comes news that the cap and trade bill in both the Senate and
House contain 375 new regulations - one of which will knee cap the
refi/foreclosure/fixer-upper market and put a huge crimp in ordinary
home sales.

http://www.politico.com/news/stories/0909/27448.html

If people can’t sell when they get in financial trouble — because
financial trouble usually means one cannot replace older appliances
and windows — then we can expect to see foreclosures rise as people
walk away. Will banks be able to sell foreclosures without a similar
inspection? If not, then we can also expect to see lenders get a lot
more particular about their borrowers. It’s bad enough to get stuck
with a foreclosure, which are usually not in sellable shape even
without worrying about the Green Police. And if banks get a pass, why
should they get more privilege than a responsible homeowner does?

If one were to write a prescription for a housing-sector depression,
imposing these regulations on resales would be one of the most
effective. It’s a ludicrous encroachment of the federal government
into private transactions, and it would seriously wound an industry
already reeling from the government interventions at Fannie and
Freddie over the last ten years.

Obama and his congressional enablers are out of control and people are
starting to realise it.

2010 can't come fast enough.

For the corrupt Republican who'll be thrown from office? Grassley,
Wilson, Ross, Ensign, Boner, Viter, Sanford, McConnell?

Toots Sweet wrote:
News about the cap-and-trade bill this month concerns the internal
analysis done by the Obama administration but buried until a FOIA
request forced its release showing that the cost per household for the
bill would go higher than $1750/yr that has already escalated from
$175/yr as Obama promised (he lied - again).

Now comes news that the cap and trade bill in both the Senate and
House contain 375 new regulations - one of which will knee cap the
refi/foreclosure/fixer-upper market and put a huge crimp in ordinary
home sales.

http://www.politico.com/news/stories/0909/27448.html

If people can’t sell when they get in financial trouble — because
financial trouble usually means one cannot replace older appliances
and windows — then we can expect to see foreclosures rise as people
walk away. Will banks be able to sell foreclosures without a similar
inspection? If not, then we can also expect to see lenders get a lot
more particular about their borrowers. It’s bad enough to get stuck
with a foreclosure, which are usually not in sellable shape even
without worrying about the Green Police. And if banks get a pass, why
should they get more privilege than a responsible homeowner does?

If one were to write a prescription for a housing-sector depression,
imposing these regulations on resales would be one of the most
effective. It’s a ludicrous encroachment of the federal government
into private transactions, and it would seriously wound an industry
already reeling from the government interventions at Fannie and
Freddie over the last ten years.

Obama and his congressional enablers are out of control and people are
starting to realise it.

2010 can't come fast enough.

Obama better get busy setting up shelters for all of these walk-a-ways.
Of course we'll foot that bill too; as usual.
http://i673.photobucket.com/albums/v...64908/BUSH.jpg