Why Obama Wants High Home Prices

I told you so, didn't I?

I've kept to point out that inflating housing price is the Washington's policy many times in the past 2 years. Now you know that fact; but you still didn't dig out the real reason behind the scene. Work harder to ask yourself more why, please, my friend.

Obama is working on an approach that I called "top down" method many times. He eyes on the symptoms "shown up there" only and uses scientific "drugs" (man-made toxic substance) to control or depress the pains. On the other hand, I am trying to use "bottom up" approach to cure the disease "deep down here" Naturally (not man-controlled and all nature essence) by market forces of Adam Smith.

Well, don't blame the capitalist "Invisible Hand" not working since all the Washington politicians (as many of them openly admitted that they don't understand the financial world) and New York fat cats try to use toxic formula to eliminate the function of natural market forces.

Also, don't blame Obama since he is by no means a Chinese (Don't ask me why the famous Reagonist Jude Wanniski could be a Chinese in terms of culture, knowledge and wisdom.) Conversely he treats "KING", the predators said by James Galbraith or the ruling class called by Karl Marx), the most important.

As Confucious said "People First, Country Next, and the King Last 『民為重﹐社稷次之﹐君為輕』." I am his follower as Jude is.

The first chart shows how little money was actually allocated to supporting homeowners.

The Obama's key policies to keep housing price high are as the following chart (please keep in mind that "reducing dollar's value= high inflation" is one of means in the last of high price expectation):

NOTE: Congratulations. In some areas of Califronia, US government has been very successful in inflating housing price. A condo with 989 sqft was listed for about $200,000 one year ago and now today it is listed for $319,000 that is the price level seen at the peak back in 2006.

If you don't believe it, please see this web link and do your reserach to see it yourself what the similar unit was listed for a year ago: http://www.redfin.com/CA/Diamond-Bar/23518-Silver-Spring-Ln-91765/home/8049580

Estimated Home Values:

$250,966

Low $213,321 - High $288,610

Our estimated home value range, an eppraisal, is determined using historical data from public records for properties in the area. However, public records are not always accurate or complete.

The estimated home value range can not capture current market trends or be used in lieu of a visual inspection of the property. These conditions and other local "on the ground" differences can sometimes affect estimated value range.

To obtain a more accurate home valuation, please contact a local real estate professional.

$277,500

$269,973

You can attend Walnut Schools without residing in school district boundary by filling the lottery application. Senate Bill 680, the District of Choice measure, gives parents the option to decide which school district best serves the academic needs of their children.

It is a lottery program that gives parents from other school district to apply for enrollment in the Walnut Schools. You need to submit the application by 12/31/09 and the chances are excellent according to the Walnut School District.

Here's the process:

I: Fill out the lottery application:

Click here for the application form

II: Drop off the application form to:

Walnut Valley Unified School District
880 S. Lemon Avenue
Walnut, CA 91789
(909) 595-1261, extension 31360

Housing costs a lot more with houses in Walnut Schools, the lottery program provides an alternative solution to parents who like to send their kids to Walnut Schools and be able to afford a more comfortable homes in nearby cities.

Have you notice a lot of for rent signs on the street lately? Why are we having so many houses for rent this time of the year? Here are the 3 main reasons:

1. Investors move into the rental market:
Since there are a lot of bargain buys of bank owned and short sale properties, investors are moving into the market to secure good deals and rent them out.

2. Quality renters make purchases:
Quality renters with good credit and enough savings for down payment are buying now creating large quantities of available rentals.

3. Holiday seasons:
Traditionally, very few people like to move during the holiday seasons especially from November to January. Rental activities do not normally resume again until March.

Because of this, this time of the year is the best time for bargain conscience renters to secure good deals.

For landlords, be sure to keep your house in the optimal condition at an aggressive price in order to attract quality renters who have so many option to choose from.

The months of supply of homes for sale is low for single family homes in Diamond Bar. From this time last year, the supply of homes for sale has decreased by 57%.

In the city of Diamond Bar over, since last September, the median sales price has decreased by 2%. Additionally, this is not the only good news. Since last year, the average days on the market has increased by 21%. This means homes are on the market approximately 10 days longer.

So what does all this mean for you? It means that there are many buyers looking in Diamond Bar, homes continue to sell for close to the same price as this time last year but they are staying on the market a little longer than last year.

Keisha Hosea is a local Market Expert and Realtor in Chino Hills, California with Keller Williams Realty, She is the Team Director and CEO of KASI Homes. She has been a local resident of Chino Hills and the Inland Empire for over 22 years and enjoys volunteering with the City of Chino Hills in her spare time. You may call her direct at (909) 261-6377 for further questions on this information or any other real estate advice. You may also visit the website at http://KASIHomes.com

Navigating through any home sale can be full of bumps and pitfalls just in general. Now in our current climate, let's add on a short sale issue on top of all of our every day bumps. Okay, so now that we have navigated our way through three months of the murky waters that we currently call a 'short sale negotiation' now let me introduce you to our next delightful pain in my side. I'd like to introduce you to the fine gentleman who runs the Home Owners Association. We'll just call him MR. HOA.

Home Owner Association documents were requested in writing from Mr. HOA weeks ago. Numerous people have called to inquire about the status of the HOA documents to no avail. So here we are down to the final week before closing and we are still looking for these documents. I put in another call to Mr. HOA and inquire about the documents when Mr. HOA rudely announces, "All these reminder calls are not going to make me move any faster. We process them in the order received. I told you guys earlier that I would have them out today. I have ten escrows closing and I will get to them when I can."

This response absolutely appalled me. I understand that many people are a little stressed out on the job right now but what ever happened to professional courtesy and decorum. Needless to say, I responded by saying "Mr. HOA, I certainly appreciate hearing how you work and what your normal protocol is. It is my job to continue to represent the interest of my client My client is due to close escrow and requires that documentation immediately to do so. I will continue to call until such documents are received."

My question is and still remains, what goes on behind this Homeowners Association? I happen to be representing a seller in this case and truthfully would be very skeptical about ever introducing a buyer to this development after this interaction. What Mr. HOA fails to understand is that this interaction, on perhaps what was just an unfavorable day, has left an indelible impression on me. We must truly be careful of our approach or it can do irreparable harm. Mr. HOA you have managed to leave an absolutely dreadful impression.

Keisha Hosea is a local Market Expert and Realtor in Chino Hills, California with Keller Williams Realty, She is the Team Director and CEO of KASI Homes. She has been a local resident of Chino Hills and the Inland Empire for over 22 years and enjoys volunteering with the City of Chino Hills in her spare time. You may call her direct at (909) 261-6377 for further questions on this information or any other real estate advice. You may also visit the website at http://KASIHomes.com