CONTEST: "Top Ten" Presidential Solutions to the Real Estate Crisis...in "Ten Words or Less"

Real-Estate-Investing.com wants to know your opinion. Let's face it. We are all sick and tired of hearing about the global financial crisis. A lot of us have been talking about what we can do as individuals to help turn the tide so we can get back to business as usual. As investors we don't need a "buyers market" or a "sellers market" to be successful, we just need a market.

The Real Estate industry is extremely slow right now. Without movement, there's no money. Without money, there's no movement.

America has a new President. I hope he's better with money than the last White House tenant. Here's a quick look at how the Bush gang is spending the $700 billion bailout package for banks — throwing it at financial institutions with few strings attached.

As a result, many Wall Street institutions are using billions and billions of taxpayer dollars to pay for fat cats' bonuses.
• Goldman Sachs, which is getting $10 billion from the bailout plan, is paying out $6.85 billion in bonuses, according to media reports. That's $210,000 per employee for those of you going for the calculator. AND...that's despite a 47% drop in its profit and 53% drop in its share price.

• Morgan Stanley, which is also getting $10 billion from our government, is doling out $6.44 billion in bonuses or $138,700 per employee, even though its profits tumbled 41% and its shares are off by 69%.

• And even the failures at Lehman Brothers are collectively getting over $1 billion in bonuses.
With brand new President Barack Obama at the helm, there are many decisions to be made regarding the economy.

As a reflection of our new fully Democratic society, Real-Estate-Investing.com wants to hear what people have to say. They are backing a contest presenting $1,000 to the winner who submits the best "10 Word Solution" to the property crisis. The "Top Ten" list of suggestions will be submitted to the White House for consideration.

This is a list of the "Top Ten Presidential Solutions to the Real Estate Crisis"...in "Ten words or less". Submit your suggestions to the link below and you just might find yourself $1,000 richer a few weeks from now. In addition, it's just possible that Barack Obama himself may take a look at our list when submitted. Stranger things have happened.

1. REPEAL PROPERTY TAXES BACK TO 2002
2. ALLOW REFINANCES TO 80% OF CURRENT MARKET VALUE
3. FORGIVE ALL HOME EQUITY LINES ABOVE MARKET VALUE
4. NO PROPERTY TAX FOR 2 YEARS ON NEW PURCHASES
5. WIPE OUT STATED INCOME LOANS. (LOANS YOU LIE ABOUT)
6. BACK LOANS TO PREVIOUSLY PROVEN INVESTORS TO STIMULATE THE MARKET
7. BACK LEASES FOR THOSE WILLING TO WORK, REDUCE WELFARE HOUSING.
8. MANDATE SHORT SALE DECISIONS BE MADE IN UNDER 30 DAYS.
9. ALLOW PEOPLE TO DELAY FORECLOSURE BY MAKING PRINCIPAL PAYMENTS
10. ...YOUR SUGGESTIONS BELOW. $1,000 TO THE BEST SUGGESTION

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1. Come up with a way for me and my wife to pay off $120k in student loans thru service
2. Prosecute lenders that gave loans to people that could in no way afford them
3. prosecute shady investors that artificially inflated values to such an extent that it cost less to buy a house than it does to build one
4. open up down payment assistance again
1. Seize assets of perps who profited from packaging this mess
2. Bailout should be funded by shareholders of those companies that "profited"- Not by government
3. Do NOT reward stupid-risky decisions made by either lenders or borrowers with a government bailout
4- Let honest, free enterprise solve the problems..Congress encouraged stupid underwriting-pushing politics over economics.
5- Remove all congressional members who were involved in FNMA-FHMLC oversight from further influence over this
6- Remove "seasoning" of resales/refinances - employ good judgment instead of arbitrary "seasoning" as a substitute for good judgement.
Restore the truths about character's role in prosperity to education.
eliminate all income taxes, capital gains taxes, self employment taxes, social security taxes. Provide every citizen with a monthly stipend of $300 regardless of income. institute a consumption tax on NEW products. http://www.fairtax.org
LET INVESTORS HANDLE THE TOXIC ASSETS TO STIMULATE THE ECONOMY
RETURN TO THE VALUES THIS COUNTRY WAS FOUNDED ON - PERIOD! -Trisha L. Hogan
1. Stop making things worse.
2. Don't hire idiots.
3. Make the U.S. have a positive amount of money worldwide.
4. Pay off foreign debts.
5. Stop worrying so much about Iraq and focus on U.S.
6. Kill Obama.
7. Put Warren Buffett in charge of U.S. treasury.
8. Give me your money so I can afford to buy my first house.
1. Bail out the homeowners NOT the bank.
2. Reduce principal to current value of the property to avoid further foreclosures... really. Here's what happened to many- banks can hardly reduce the principal by 20% but they would rather sell a property by 60% lower. What a tragedy!
3. Help those who lost their homes to buy again not based on credit. If they can afford a higher rent of $1,000 a month... how about a mortgage of $500 a month? Crazy system we are in now.
4. Why are big companies can get away with something... bail out and pay themselves? The system really favors the big fish?
5. President Oboma help the people who cannot help themselves!!!!!!!!!!!!!!!!!!!!!!!!
1. No government action - let free markets work



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InvestorHeadStart.com's Real Estate Investment Simulator provides a virtual training environment for investors to practice their real estate skills
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For Motivated Sellers
My main suggestion is to allow investors to assume the existing loans that are non-assumable. That's like MOST of the Loans in place right now!! Certain criteria must be met. I'm not one to figure all of that out. We as Investors need to be credentialed in a way that proves we are honest, ethical and integrity driven. We have nothing like that so banks don't want their loans assumed by people who are dishonest and underminning. Can you blame them? We need to figure out a way to change that and fast! Make all non-assumable loans assumable again like pre-1980's loans were. There are still a few around. I have one of them! I didn't have to qualifiy for it either. I now pay those bank payments. They love getting paid every month now. Come on banks! Brag about how we investors save these loan from defaulting!! If we can collect enough proof that more loans are successfully assumed than NOT, maybe we have a chance.

Stacie Meeker said:
http://www.HurryHouseBuyers.com
For Motivated Sellers
Nice suggestions I got here. So much thanks to Matt Gerchow for starting such a wonderful thread.


http://www.cacoastalhome.com/
Scotts Valley homes, Capitola beach houses, Rio Del mar beach house

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