Daily Archives: April 24, 2009

Buying distressed mortgage notes at auction?

It’s the new boom industry. I’m going to check it out and will report back.

UPDATE: well that’s a bust. The two sites linked to in the NYT article don’t have Connecticut mortgages available. If you are familiar with Florida and California, you might want to prowl around but I’m not and wouldn’t consider buying anything I didn’t know the value of. Maybe they’ll get approval to expand into Connecticut.

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Stealth health

I asked a few minutes ago why the Democrats were afraid to have an open debate on global warming. Now the NY Times reports that they’re going to muscle through a radical reworking of our health system without debate, so I ask the same question.

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Only 52% of Americans consider television a necessity

Well I’d count myself in with the 48% who don’t if I could only get Hogan’s Heroes reruns on the internet. Next year, perhaps.

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So what are they scared of?

Demmerkrats refuse to let climate warming skeptic testify at hearing. I do believe that Obamaites rejoiced at his election because now we could have science, not religion guiding our country. I always thought that the hallmark of scientific inquiry was a probing analysis of facts and assumptions and a search for truth. As practiced in Washington, scientific inquiry is what Democrat showmen decided should be televised. This is hardly reassuring.

Washington, DC – UK’s Lord Christopher Monckton, a former science advisor to Prime Minister Margaret Thatcher, claimed House Democrats have refused to allow him to appear alongside former Vice President Al Gore at a high profile global warming hearing on Friday April 24, 2009 at 10am in Washington. Monckton told Climate Depot that the Democrats rescinded his scheduled joint appearance at the House Energy and Commerce hearing on Friday. Monckton said he was informed that he would not be allowed to testify alongside Gore when his plane landed from England Thursday afternoon.

“The House Democrats don’t want Gore humiliated, so they slammed the door of the Capitol in my face,” Monckton told Climate Depot in an exclusive interview. “They are cowards.”

According to Monckton, Rep. Joe Barton (R-Texas), Ranking Member on the Energy & Commerce Committee, had invited him to go head to head with Gore and testify at the hearing on Capitol Hill Friday. But Monckton now says that when his airplane from London landed in the U.S. on Thursday, he was informed that the former Vice-President had “chickened out” and there would be no joint appearance. Gore is scheduled to testify on Friday to the Subcommittee on Energy and the Environment’s fourth day of hearings on the American Clean Energy and Security Act of 2009. The hearing will be held in 2123 Rayburn House Office Building.

According to Monckton, House Democrats told the Republican committee staff earlier this week that they would be putting forward an unnamed ‘celebrity’ as their star witness Friday at a multi-panel climate hearing examining the House global warming bill. The “celebrity” witness turned out to be Gore. Monckton said the GOP replied they would respond to the Democrats’ “celebrity” with an unnamed “celebrity” of their own. But Monckton claims that when the Democrats were told who the GOP witness would be, they refused to allow him to testify alongside Gore.

Update: 1:55 PM ESTA GOP House source told Climate Depot that the Democrats on the Committee said “absolutely not” to allowing Monckton to appear during today's Gore hearing. The GOP committee “pushed at multiple levels” to bring Monckton in to testify but the Democrats “refused,” according to the GOP source. Former GOP House Speaker Newt Gingrich was called in to testify after Monckton was rejected by the committee Democrats, according to the Congressional source.]

 

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Here’s some encouraging news for sellers

Just heard from another agent. Of the seven houses he hoped to show today in the mid $2 range, three had accepted offers. These days, there’s no certainty that an accepted offer will translate into a sale because of the lack of financing, but buyers making legitimate offers are a good sign.

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Brokers who aren’t worth spit

I was talking to someone recently who bought a house here in town for half its original asking price. She was still ticked, though, at her agent, who she says (and I believe her) resisted her every effort to buy the house cheap, even refusing at one point to convey the offer because, “that’s not very nice”. The buyer finally took over, negotiated the deal with the relocation company herself and brought the deal home. The agent’s one bit of effort was to show up at closing and collect her commission check. 

Stories like this cheer me up to no end. I don’t really care what’s nice to a seller if I’m representing a buyer and I’m just mean enough to go for the jugular if I smell blood. Hey, what the heck are you using a buyer’s rep for, if not to have someone on your side? I am obviously not the only agent in town with this philosophy but I’ll bet half the competition is more concerned with hurting the feelings of their fellow Garden Club members than they are in representing their client to the best of their ability. Any time you can outdistance half your competition, you’re half way home, I figure.

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I can’t say I’ll miss them, but the 1960 models were neat

GM eliminating Pontiac

 

Al downhill from here

Al downhill from here

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