About Downey's Cerritos, California

Recently, Senator Alex Padilla,D San Fernando introduction or revival of SB407 Point of Sale retrofit requirement that all sellers of residential real estate would be burden with a cost that has far reaching affects that many homeowners can ill afford. This is not the time when homeowners have been facing a deep resission, high unemployment, and for what, another backdoor buracractic department to collect fees for the state.

Perhaps Senator Padilla doesn't reconize the real problems of the state, it's called living within your means. Cut back on salarlies and those expensive trips he's been taking, perhaphs if stayed a home, maybe he'd realize his low flow toilet requires him to flush it 2 and 3 times to make it go down, what ever the case, maybe he's in bed with those energy retrofit companies.

Regardless Senate Bill SB 407 does not come at the right time. The real problem is the lack of thinking of the consequences, that's how we got into this mess in the first place. I don't know what behind Senator Padilla's agenda, but I think it imposes more harm than good, especially at a fragile time like this for the real estate industry and to impose this burden on all California property owners who want to sell their home or investment property is darn right ill responsible on the part of Senator Padilla.

If you want to solve the shortage of water and help solve the global warming issue and envormental problems that we are facing, try desalination plants to add ocean water to our water systems and pipe in water to desert areas to plant trees and other oxigenated plants that displaces carbon dioide. Now thats something to work on. If we tried some constructive thinking instead of ways to create backdoor taxation, we would be better off. I hope comon sense prevails and SB407 is defeated. Comments are welcomed.

Thank you.
Carlos R. Arvizu Sr

thedon1950@aol.com

The problem of waiting, is one of the reasons why the real estate and mortgage industry is such a shambles. If you know what the problems are, take decisive action to fix the problem.

Unfortunately, too many people in government, analyst, politicians, (and news media included which exacerbate the problem and prolong the agony without rationalizing what are all the components of the problem.

There are too many people in the leadership position, that sometimes second guess, procrastinate or are opportunist for self purposes, until the problems are so out of control, that eventually everything's comes to a halt, making it worst for everyone.

Like in the case of the Federal Reserve, for an example, they always take a wait and see attitude, which is one of the components that was partially to blame for the credit crunch and why were in the mess today.

They increased the short term interest rates for a long 17 months, and waited for the reaction to be full blown, instead of adjusting interest rates that would soften the real estate market to a soft landing. What did they think was going to happen?

They waited well over a year and several months before they started to lower the interest rates.

It's like a car, ... if you know your brakes are in need of repairing, and find it difficult to come to a stop, you don't wait until you killed some innocent family, that happens to be in the way of your fast moving car. The momentum will finally catch up to you. Why does someone have to get hurt or killed, because your brakes failed?

The same thing is happening to the country. The other part of the equation is the lending industry is stymied because of the conforming loan limits are far below, the threshold of the medium home price. How many people have to lose their homes, how many people have to lose their jobs, how many lives do you destroy. I am at the point of running for office myself, but unfortunately, I don't have the financial backing or time.

The reality is self evident. Why do you think, we are having all of these problems with mortgages, home values dropping, people losing their jobs, recession and so forth. Not taking action, or relying on someone else to fix the problems we have.

Carlos Arvizu Sr.

TheDon1950@aol.com