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Richard Sellers, Realtor DRE#01148405

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Real Estate Rate and Market indicators.

11-05-09
Richard Sellers, Realtor DRE#01148405

Market Outlook

Thursday, November 05, 2009 7:05 AM

Price Trend: Neutral

Price Volatility: High

_________________________________________________________________

Current Conditions:

FNMA 4.5 100-29 (+1)

GNMA 4.5 101-03 (+1)

10yr Yield 3.539

Today's Economic Data

(PST)

Productivity & Costs 5:30

Jobless Claims 5:30

_________________________________________________________________

Commentary:

Mortgage prices are mostly unchanged this morning in spite of some positive economic data being released.

Productivity surged in the 3rd quarter which is good news for inflation and earnings, but not so good for

people who are out of work. The rate at which people are joining the unemployed ranks slowed last week,

though, as initial jobless claims declined. Mortgages have held up better than Treasuries just as they did

after the Fed announcement yesterday. The FOMC policy statement kept the section about keeping rates

low for an extended period of time. The initial reaction was negative in the bond markets. Mortgages

managed to climb back through the afternoon even as Treasuries struggled.

Tomorrow we get the release of the employment report. Payroll reductions are expected to slow while the

unemployment rate is expected to rise to 9.9%.

Last but not least... Order was restored in the baseball world last night when the New York Yankees

returned to their rightful spot atop the baseball world.

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Common Sence, Where has it gone?

11-03-09
Richard Sellers, Realtor DRE#01148405

Subject: Common Sense

> An Obituary printed in
> the London Times -
>
> Today we mourn the passing of a beloved old friend, Common
> Sense, who has been with us for many years. No one knows for
> sure how old he was, since his birth records were long ago
> lost in bureaucratic red tape. He will be remembered as
> having cultivated such valuable lessons as:
> - Knowing when to come in out of the rain;
> - Why the early bird gets the worm;
> - Life isn't always fair;
> - and maybe it was my fault.
>
> Common Sense lived by simple, sound financial policies
> (don't spend more than you can earn) and reliable
> strategies (adults, not children, are in
> charge).His
> health began to deteriorate rapidly when well-intentioned
> but overbearing regulations were set in place. Reports of a
> 6-year-old boy charged with sexual harassment for kissing a
> classmate; teens suspended from school for using mouthwash
> after lunch; and a teacher fired for reprimanding an unruly
> student, only worsened his condition.
>
> Common Sense lost ground when parents attacked teachers for
> doing the job that they themselves had failed to do in
> disciplining their unruly children.
>
> It declined even further when schools were required to get
> parental consent to administer sun lotion or an aspirin to a
> student; but could not inform parents when a student became
> pregnant and wanted to have an abortion.
>
> Common Sense lost the will to live as the churches became
> businesses; and criminals received better treatment than
> their victims.
>
> Common Sense took a beating when you couldn't defend
> yourself from a burglar in your own home and the burglar
> could sue you for assault.
>
> Common Sense finally gave up the will to live, after a
> woman failed to realize that a steaming cup of coffee was
> hot. She spilled a little in her lap, and was promptly
> awarded a huge settlement.
>
> Common Sense was preceded in death, by his parents, Truth
> and Trust, by his wife, Discretion, by his daughter,
> Responsibility, and by his son, Reason.
>
> He is survived by his 4 mean and ugly stepbrothers;
> I Know My Rights
> I Want It Now
> Someone Else Is To Blame
> I'm A Victim
>
> Not many attended his funeral because so few realized he
> was gone. If you still remember him, pass this on. If not,
> join the majority and do nothing.
>
>
> >
> You must give some time
> to your fellow men. Even if it's a little thing,
> do something for others - something for which you get no pay
> but the privilege of doing it. - Albert Schweitzer (1875 -
> 1965)

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Morning Humor- What do you believe in.

11-03-09
Richard Sellers, Realtor DRE#01148405

Al Gore, Bill Clinton and Barrack Obama go to heaven

God addresses Al first.. ''Al, what do you believe in?''

Al replies: "Well, I believe that I won that election,

but that it was your will that I did not serve..

And I've come to understand that now.''

God thinks for a second and says:

"Very good. Come and sit at my left.''

God then addresses Bill. "Bill, what do you believe in?''

Bill replies: "I believe in forgiveness.

I've sinned, but I've never held a

grudge against my fellow man,

and I hope no grudges are held against me.''

God thinks for a second and says:

"You are forgiven, my son. Come and sit at my right.''

Then God addresses Barrack. "Barrack, what do you believe in?''

He replies: "I believe you're in my chair."

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Nancy Pelosi's new health bill, HR 3962

11-02-09
Richard Sellers, Realtor DRE#01148405


Highlights on Nancy Pelosi's new health bill, HR 3962, all 1,990 pages. Think anybody in Congress will be reading it? If you believe a bill that creates over 50 new government agencies and commissions will not raise your taxes and costs, do nothing. If you believe it will cost you, and it will in more ways than just money, call your representatives to stop them from passing it. This is a House bill so call your Congressmen, especially if they are Democrats. I've included a list of some of the effects this bill will have. I can't tell you that the list is totally accurate because I have not fully checked it out, but if just a third is correct, do you want it. If not make the calls. Remember this...A socialist government does what they decide is best for the people. This does not mean it's good for the people, it just means they don't care as long as they decide and run it. Also remember they don't get what we get. If they did, this bill would not be on the table. If it's good enough for us, it's good enough for them, yet they have admitted they won't take it. Please make some calls.
1. RAISES TAXES ON MIDDLE CLASS FAMILIES. Speaker Pelosi’s health care bill imposes a range of tax increases on families with income below $250,000, breaking a promise made by President Obama. Tax increases on middle class families include: an individual mandate tax of up to 2.5 percent of income for taxpayers earning as little as $9,350; repeal of a tax break on medicine purchased with funds from an HSA (health savings account); limits to tax relief through FSAs (flexible spending accounts); taxes on medical devices that will inevitably be passed on to consumers; and a new tax on all insurance policies.

2. MASSIVE CUTS TO MEDICARE BENEFITS FOR SENIORS. Despite grave warnings from CBO, FactCheck.org, and the independent Lewin Group that cuts to Medicare of the magnitude included in Speaker Pelosi’s bill would have a negative impact on seniors’ benefits and choices, Speaker Pelosi’s health care bill stays the course and cuts Medicare by hundreds of billions of dollars.

3. NO PROTECTIONS FOR SMALL BUSINESSES. Speaker Pelosi’s health care bill claims to exempt small businesses from the steep eight percent ‘pay or play’ employer mandate. The facts tell a different story. Using Census data compiled by the Small Business Administration, this so-called ‘exemption’ hammers small employers with only, on average, 17 or more employees to new taxes and mandates. The outfits affected employ 70 percent of all small business employees, or 42.3 million workers. Adding to the assault on small businesses, the bill does not index the small business “exemption” amounts, meaning more and more small businesses will be ensnared by this job-killing employer mandate each year.

4. INCREASES THE COST OF HEALTH INSURANCE. Imposing a new $2 billion tax on insurance policies will be passed on to patients in the form of higher premiums. Changes to the Medicare Part D prescription drug benefit will, according to estimates by CBO, will raise Medicare Part B premiums by $25 billion and Part D premiums by 20 percent. And imposing an unfunded mandate on the states to pay for the bill’s Medicaid expansion will shift the burden of this expansion on state taxpayers who may experience tax increases to cover the cost.

5. USES GIMMICKS TO HIDE BUDGET-BUSTING COST, PILES UP DEBT ON FUTURE GENERATIONS. Speaker Pelosi’s health care bill claims to be deficit neutral, but uses budget gimmickry to hide its massive total cost. Working families across America know they cannot simply decide that a bill they get in the mail doesn’t exist, but that’s exactly what congressional Democrats are doing. In order to meet the President’s ‘target’ spending total of $900 billion, Democrats have simply swept costly provisions under the rug, including the $245 billion ‘doc fix.’

6. IMPOSES JOB-KILLING EMPLOYER MANDATES. Additional taxes on employers and new government mandates that dictate acceptable insurance will place new and crushing burdens on employers. These are burdens that will ultimately fall squarely on the backs of workers in the form of reduced wages, fewer hours or lost employment. CBO agrees that "[e]mployees largely bear the cost of... play-or-pay fees in the form of lower wages." According to the National Federation of Independent Business (NFIB), the nation’s largest small business association, an employer mandate of this magnitude will disproportionately impact small businesses, triggering up to 1.6 million lost jobs. Two-thirds of those jobs would be shed by small businesses.

7. TILTS THE PLAYING FIELD IN FAVOR OF THE GOVERNMENT-RUN INSURANCE COMPANY. Speaker Pelosi’s health care bill promises not to give the government-run plan advantages over private insurers in the market, but the opposite is true. The bill provides billions in start-up funding for the government-run plan, and while it requires the plan to repay the money over time it does not require the plan to pay interest on this “loan.” This interest-free, taxpayer-subsidized loan is potentially worth millions of dollars and tilts the playing field in favor of the government-run plan.

8. THREATENS CASH-STRAPPED STATES WITH UNFUNDED MANDATES. Speaker Pelosi’s health care bill swells the number of Americans on the government rolls by expanding Medicaid eligibility. Medicaid is financed through a federal-state partnership, but the bill dumps nearly ten percent of the mandated expansion included in the bill onto the states. States, already struggling with fiscal constraints, would be left on the hook for billions of dollars due to this unfunded mandate.

9. CREATES A NEW MONSTROSITY IN THE TAX CODE. Starting in 2011, Speaker Pelosi’s health care bill imposes a 5.4 percent tax on adjusted gross income above $500,000 for individuals and $1 million for married couples. Yet, the dollar amounts for which the tax kicks in are not indexed for inflation. We’ve seen this horror film before: the Alternative Minimum Tax, another Frankenstein’s monster of the tax code, also wasn’t indexed for inflation and now affects millions of middle class families with incomes below the Democrat’s surtax.

10. MISSES AN OPPORTUNITY TO CURTAIL JUNK LAWSUITS. Speaker Pelosi’s health care bill misses a critical opportunity to rein in junk lawsuits and costly defensive medicine. The bill includes only a voluntary grant program to deal with the medical liability crisis instead of including real reform, which would produce tens of billions of dollars in savings, improve efficiency in our health care system and reduce costs for patients and providers.
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Gun Control

11-02-09
Richard Sellers, Realtor DRE#01148405

Our forefathers enlisted the Second Amendment for a good reason. We should uphold the constitution or move to another country!



A LITTLE GUN HISTORY

In 1929, the Soviet Union established gun control... From 1929 to 1953, about 20 million dissidents, unable to defend themselves, were rounded
up and exterminated.

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In 1911, Turkey established gun control. From 1915 to 1917, 1..5 millionArmenians, unable to defend themselves, were rounded up and
exterminated.


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Germany established gun control in 1938 and from 1939 to 1945, a totalof 13 million Jews, and others who were unable to defend themselves, were
rounded up and exterminated.


------------------------------
China established gun control in 1935. From 1948 to 1952, 20 million political dissidents, unable to defend themselves, were rounded up and
exterminated


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Guatemala established gun control in 1964. From 1964 to 1981, 100,000 Mayan Indians, unable to defend themselves, were rounded up and
exterminated..


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Uganda established gun control in 1970. From 1971 to 1979, 300,000 Christians, unable to defend themselves, were rounded up and exterminated


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Cambodia established gun control in 1956. From 1975 to 1977, one million educated people, unable to defend themselves, were rounded up and exterminated.


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Defenseless people rounded up and exterminated in the 20th Century because of gun control: 56 million!


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You won't see this data on the US evening news, or hear politicians disseminating this information.

Guns in the hands of honest citizens save lives and property and, yes, gun-control laws adversely affect only the law-abiding citizens

Take note, my fellow Americans, before it's too late!

The next time someone talks in favor of gun control, please remind them of this history lesson.

With guns, we are 'citizens.'


Without them, we are 'subjects'.

During WWII the Japanese decided not to invade America because they knew most Americans were ARMED!

If you value your freedom, please spread this anti-gun control message to all of your friends.

The purpose of fighting is to win. There is no possible victory in defense. The sword is more important than the shield, and skill is more
important than either. The final weapon is the brain. All else is supplemental.


SWITZERLAND ISSUES EVERY HOUSEHOLD A GUN!


SWITZERLAND 'S GOVERNMENT TRAINS EVERY ADULT THEY ISSUE A RIFLE.


SWITZERLAND HAS THE LOWEST GUN RELATED CRIME RATE OF ANY CIVILIZED COUNTRY IN THE WORLD!!!


IT'S A "NO-BRAINER"!


DON'T LET OUR GOVERNMENT WASTE MILLIONS OF OUR TAX DOLLARS IN AN EFFORT TO MAKE ALL LAW ABIDING CITIZENS AN EASY TARGET.

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