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This video is part of a great series on the story of how and why the Federal Reserve was created and how it impacts us here in the US.  As you will see our entire economy is based on a scam.

This video is part of a great series on the story of how and why the Federal Reserve was created and how it impacts us here in the US.  As you will see our entire economy is based on a scam.

This video is part of a great series on the story of how and why the Federal Reserve was created and how it impacts us here in the US.  As you will see our entire economy is based on a scam.

This video is part of a great series on the story of how and why the Federal Reserve was created and how it impacts us here in the US.  As you will see our entire economy is based on a scam.

Leave it up to regulators to ruin it for everyone else.  They get the first right to buy foreclosed properties before anyone else.  That includes families who what to live there.

So what does this mean?  The government will basically get a the good deals and leave the  junk for everyone else.  How does this help anyone?

I think this will in the end hurt the neighborhoods.  Why?  The government is not allowed to make a profit.  They can only break even or lose money.

For Example:  The government gets good deal and they fix it up for a total of $80,000.  Basically they will put it back on the market at $80K and sell to qualified low income families.  Here is the issue.  An investor would be able to sell for $130,000 because that is what the neighborhood can support.  So the government would sell a fixed up house for $50K less than it is worth.  What happens then?  That is a bad comparable home for the neighborhood which will pull the rest of the values down and in the end hurt the neighbors.  How does that make sense?  My opinion is to let captialism work things out (it has so far) and put taxpayer money elsewhere.

Let me know what you think by commenting below.

Interesting article concerning women and investment.  I see several opportunities here for new startup financial companies (possibly women owned) to be more focused on Women and investments.  It seems like there could be something missing in the Man driven industry.

Check it out here and let me know what you think.

How Retirement Investing Shortchanges Women

In a horrible move, our local government has put more regulation on the real estate industry.  They have put regulation on a part of the business that has been humming along now for years and that has helped several banks and homeowners out of a bad deal.  What I am talking about is Short Sales.

Short Sale investors usually flip their deals to other investors or homeowners at a discounted price and make a little money by going through a horrible long and drawn out process of negotiating with banks.  Their money is well deserved and they employ a lot of people both here and nationwide.  There is a lot of paper pushing and it is always not a done deal.  Sometimes the bank just forecloses and takes the house back.

Because of the time and risk involved, Short Sale Investors make good money on some deals.  Sometimes over $20,000 to $30,000 on one deal.  That is well deserved if you have ever tried to short sale real estate.

Now here in Colorado, and probably soon to be in other states, the short sale investor needs to disclose how much he/she is going to make on each transaction.  This is only the case with a double close which is the way that most of them work their business.  They have to disclose to both the seller, the sellers lender, the buyer and the buyers lender how much they are making.  This will for sure start to blow up several short sales because everyone will think the short sale investor is making too much and they want that money.  Or the bank wants to keep that money.  Or maybe both sides just see another opportunity to negotiate.

Lets compare this new law to buying a car at a great deal.  Lets just pretend I bought a Honda at half price at $5,000.  I made a great deal!  Instead of using this care myself I decide to resell this car at $10,000 (which is my right anyway).  Do I have to disclose to my seller that I am going to make $5,000?  NO!  Do I have to disclose to my buyer that I purchased this car at $5,000?  NO!  Do you see the disadvantage I would have if I had to do so?  They would beat me up on my price or want me to pay more, don't you think?

Whatever the case may be, I just think these new regulations will slow everything down and mess up a lot of deals.  For some reason some people in government think that it is not ok for investors to make any money.  It is this investors opinion that these changes are just not American.

See the more on the regulations here: Short Sale Changes

So what is happening to the market now that this tax credit has gone away?

Looks like it was a false market to me - especially on the lower end houses.  There was a flood of buyers into the market when the tax credit was introduced.  I remember thinking, "this can’t last" and "this isn't helping anything over $300,000".  I even remember family members coming to me for advice on how to beat out all the other people scrambling to buy a ugly house that they wanted.  The only reason my family was buying was the “free money” they would get from the government.  Otherwise they would still be renting.  I am assuming that everyone else they where bidding against (which inflated the price by probably $20,000 over what I would pay) where in the same boat.  The only thing that the tax credit accomplished was to sell and falsely inflate the prices on lower end homes under $200,000.  Now homeowners, banks and investors holding onto these homes will be sitting on them for a long time.

I bet at least in my town (Denver) is the lower end homes will start dropping again and keep going down for some time.

See the following article on pending home sales dropping more than 30%!!  That is the most in 47 years since they started tracking this statistic.

Article -> Pending Home Sales Drop Big Time

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Ian Gordon who is a Strategist with Longwave Group stated back in February believes that the Dow Jones Industrial average could fall and fall a lot over the next 3 years.  He thinks that fall could easily be 90% in only 3 years!!!  He states that the US markets will move into a "winter" period of a 50 year economic cycle.  We are now on the 4th cycle in which Longwave believes we are headed down again.  This cycle or "Kondratieff Waves" can easily be traced back until 1789.  See Longwave's interactive graph here: Kondratieff Waves in US

So how long will this winter last?

Gordon stated that the Dow will likely bottom out in 2012.  Not so bad, right?  Wrong.  He thinks this phase could last as long as 2020!!  This is very bad news for stock market investors who invest in long term stock which is most of the investors out there.  Your financial planners will tell you, "just to wait it out, it will come back, it always does."  Well, there is a possibility that it won't and not for a longtime.

A Word of Caution

I would just error on the side of caution and watch out for your own investments, because, no one else will even if they say they will.  Invest in something you can control.  Invest in something that doesn't drop to nothing, fast.  Don't rely on these companies to SAVE you so you can retire.  Don't rely on people who make less money than you to make you rich, because they won't.  Take charge of your investments.