admin
03-02 12:52 PM
it`s not working
One needs Realplayer to listen to the hearings. But even then I only get a high pitched sound.
One needs Realplayer to listen to the hearings. But even then I only get a high pitched sound.
wallpaper She lived with her mother,
vactorboy29
07-20 11:14 PM
Check this web site and do ur calculations;
http://www.dhs.gov/xabout/structure/gc_1183751418157.shtm
Thanks,
Ashish
http://www.dhs.gov/xabout/structure/gc_1183751418157.shtm
Thanks,
Ashish
Macaca
09-12 04:11 PM
Greg Aamot
JIM ABRAMS
JOSE MARIA ALVAREZ
CHARLES BABINGTON: cbabington@ap.org *
WOODY BAIRD
MATTHEW BARAKAT
JULIANA BARBASSA
DEVLIN BARRETT
JACQUES BILLEAUD
REBECCA BOONE
LYNN BREZOSKY
Garance Burke
DESMOND BUTLER
ALICIA A. CALDWELL
TRACI CARL
JOHN CHRISTOFFERSEN
DAVID CRARY
MARYCLAIRE DALE
JULIE HIRSCHFELD DAVIS: jdavis@ap.org *
JIM DAVENPORT
Giovanna Dell'Orto
ALEX DOMINGUEZ
Kirstin Downey
ELIZABETH DWOSKIN
BEN EVANS
BRENDAN FARRINGTON
BEN FELLER
RON FOURNIER rfournier@ap.org
Alan Fram afram@ap.org
Anabelle Garay
OSKAR GARCIA
SUZANNE GAMBOA: sgamboa@ap.org *
JON GAMBRELL
ANDREW GLAZER
ANABELLE GARAY
DEEPTI HAJELA
ROXANA HEGEMAN
JOHN HEILPRIN
TOM HESTER Jr.
ROBERT JABLON
Henry C. Jackson
GENE JOHNSON
MARCUS KABEL
SARAH KARUSH
RACHEL KONRAD rkonrad@ap.org *
Lisa Leff
STEVE LeBLANC
SCOTT LINDLAW
TRAVIS LOLLER
AMY LORENTZEN
JANET FRANKSTON LORIN
NORMA LOVEA
JENNIFER LOVEN jloven@ap.org
JOANN LOVIGLIO
Jeremiah Marquez
BARRY MASSEY
KAREN MATTHEWS
William McCall
HOLBROOK MOHR
GABRIELA MOLINA
Amanda Lee Myers
LARRY NEUMEISTER
DAISY NGUYEN
STEPHEN OHLEMACHER
ISTRA PACHECO
JOHN PORRETTO
PETER PRENGAMAN pprengaman@ap.org
LIBBY QUAID
TRAVIS REED
DEB RIECHMANN
MICHELLE ROBERTS
JORDAN ROBERTSON
OLGA R. RODRIGUEZ
ARTHUR H. ROTSTEIN
Michael Rubinkam
ANGELA DELLI SANTI
SUSANNE M. SCHAFER
MARK SCOLFORO
MICHAEL J. SNIFFEN
ELLIOT SPAGAT
MITCH STACY
TIM SULLIVAN
Nafeesa Syeed
CHRIS TALBOTT
JENNIFER TALHELM
TIM TALLEY
Sophia Tareen
MICHAEL TARM
ANDREW TAYLOR
CHRISTOPHER TOOTHAKER
JULIE WATSON
CHRISTOPHER WEBER: cweber@ap.org
WILL WEISSERT
Laura Wides-Munoz
Matt Yancey: 202/776.9403 or myancey@ap.org *
Email pattern: firstNameInitiallastName@ap.org
JIM ABRAMS
JOSE MARIA ALVAREZ
CHARLES BABINGTON: cbabington@ap.org *
WOODY BAIRD
MATTHEW BARAKAT
JULIANA BARBASSA
DEVLIN BARRETT
JACQUES BILLEAUD
REBECCA BOONE
LYNN BREZOSKY
Garance Burke
DESMOND BUTLER
ALICIA A. CALDWELL
TRACI CARL
JOHN CHRISTOFFERSEN
DAVID CRARY
MARYCLAIRE DALE
JULIE HIRSCHFELD DAVIS: jdavis@ap.org *
JIM DAVENPORT
Giovanna Dell'Orto
ALEX DOMINGUEZ
Kirstin Downey
ELIZABETH DWOSKIN
BEN EVANS
BRENDAN FARRINGTON
BEN FELLER
RON FOURNIER rfournier@ap.org
Alan Fram afram@ap.org
Anabelle Garay
OSKAR GARCIA
SUZANNE GAMBOA: sgamboa@ap.org *
JON GAMBRELL
ANDREW GLAZER
ANABELLE GARAY
DEEPTI HAJELA
ROXANA HEGEMAN
JOHN HEILPRIN
TOM HESTER Jr.
ROBERT JABLON
Henry C. Jackson
GENE JOHNSON
MARCUS KABEL
SARAH KARUSH
RACHEL KONRAD rkonrad@ap.org *
Lisa Leff
STEVE LeBLANC
SCOTT LINDLAW
TRAVIS LOLLER
AMY LORENTZEN
JANET FRANKSTON LORIN
NORMA LOVEA
JENNIFER LOVEN jloven@ap.org
JOANN LOVIGLIO
Jeremiah Marquez
BARRY MASSEY
KAREN MATTHEWS
William McCall
HOLBROOK MOHR
GABRIELA MOLINA
Amanda Lee Myers
LARRY NEUMEISTER
DAISY NGUYEN
STEPHEN OHLEMACHER
ISTRA PACHECO
JOHN PORRETTO
PETER PRENGAMAN pprengaman@ap.org
LIBBY QUAID
TRAVIS REED
DEB RIECHMANN
MICHELLE ROBERTS
JORDAN ROBERTSON
OLGA R. RODRIGUEZ
ARTHUR H. ROTSTEIN
Michael Rubinkam
ANGELA DELLI SANTI
SUSANNE M. SCHAFER
MARK SCOLFORO
MICHAEL J. SNIFFEN
ELLIOT SPAGAT
MITCH STACY
TIM SULLIVAN
Nafeesa Syeed
CHRIS TALBOTT
JENNIFER TALHELM
TIM TALLEY
Sophia Tareen
MICHAEL TARM
ANDREW TAYLOR
CHRISTOPHER TOOTHAKER
JULIE WATSON
CHRISTOPHER WEBER: cweber@ap.org
WILL WEISSERT
Laura Wides-Munoz
Matt Yancey: 202/776.9403 or myancey@ap.org *
Email pattern: firstNameInitiallastName@ap.org
2011 selena gomez mother and father
sri1309
08-14 09:05 AM
Dear IV,
Its not about me. I am planning to do a flower or some campaign that all will agree upon in less than a week. We must do before the next bulletin comes out.
Is it possible for IV to send a very good number of flowers to the departments.
The basis for this is that some of the people here probably may not be comfortable to send to all the members due to whatever restrictions they may have(ideally they must be able to do themselves). If so, we can start a new campaign and make some fund and once again shoot that may flowers to make some difference. IV can go to a big place and place a huge order. Just my 2c.
Sorry if I sounded stupid.
Sri..
Its not about me. I am planning to do a flower or some campaign that all will agree upon in less than a week. We must do before the next bulletin comes out.
Is it possible for IV to send a very good number of flowers to the departments.
The basis for this is that some of the people here probably may not be comfortable to send to all the members due to whatever restrictions they may have(ideally they must be able to do themselves). If so, we can start a new campaign and make some fund and once again shoot that may flowers to make some difference. IV can go to a big place and place a huge order. Just my 2c.
Sorry if I sounded stupid.
Sri..
more...
pcs
07-05 10:57 AM
We need to have sticky & web fax on this issue
JunRN
10-03 11:50 PM
Yes, I am from Philippines.
Just read Matthew OH's website confirming with a ? the 800,000 figure. If the 800,000 figure is true, then be prepared to renew our EAD more than 2 twice.
I still have reservations until official figure from USCIS comes out.
Just read Matthew OH's website confirming with a ? the 800,000 figure. If the 800,000 figure is true, then be prepared to renew our EAD more than 2 twice.
I still have reservations until official figure from USCIS comes out.
more...
ganguteli
03-12 02:26 PM
I mean really stupid.
.
If you do not want to pay, get your employer and your lawyer to contribute to IV :D:D
.
If you do not want to pay, get your employer and your lawyer to contribute to IV :D:D
2010 Selena Gomez arrives at LAX
gcgonewild
04-29 04:23 PM
Pappu,
Just called all Senators
The Phone number of last few senators is wrong.
Please change 244 to 224.
Just called all Senators
The Phone number of last few senators is wrong.
Please change 244 to 224.
more...
speddi
07-06 09:36 AM
http://avatarsofslavery.googlepages.com/home
hair pics of selena gomez mother.
skark
07-11 11:59 AM
Hi,
My wife is on H4 and she has her H4 extension approval. But the local DMV says that they need to see a visa stamp in her passport to issue a DL. Its actually exchanging her out of state DL! Can anyone from NC (Raleigh, Cary, RTP, Durham etc) share their experiences please.
My wife is on H4 and she has her H4 extension approval. But the local DMV says that they need to see a visa stamp in her passport to issue a DL. Its actually exchanging her out of state DL! Can anyone from NC (Raleigh, Cary, RTP, Durham etc) share their experiences please.
more...
micofrost
07-18 06:57 PM
Does PD exist just to be able to file I-485? Or as some members say, does it also play a role after filing I-485 for adjudication? Does CIS go by PD or RD when the visas are limited?
Let's say A has PD(Priority date) Dec 2004 and RD(Receipt Date) Jul 25 2007, and B has PD Mar 2007 and RD Jul 2 2007. Who would be adjudicated first?
If visa numbers are current for both of them, then its a matter of luck, whose application gets processed quickly and which guy's application reaches to the approval officer first. That time both have equal chance.
Ofcourse PD is considered for VISA numbers, not the RD. RD is good for portability issues like AC21/180 days rule. So B can switch jobs 23 days before A. Again that (180 days rule)also as per some lawyers isnt a hard n fast rule. Hope it helps.
Let's say A has PD(Priority date) Dec 2004 and RD(Receipt Date) Jul 25 2007, and B has PD Mar 2007 and RD Jul 2 2007. Who would be adjudicated first?
If visa numbers are current for both of them, then its a matter of luck, whose application gets processed quickly and which guy's application reaches to the approval officer first. That time both have equal chance.
Ofcourse PD is considered for VISA numbers, not the RD. RD is good for portability issues like AC21/180 days rule. So B can switch jobs 23 days before A. Again that (180 days rule)also as per some lawyers isnt a hard n fast rule. Hope it helps.
hot Selena Gomez on The Tonight
Jimi_Hendrix
11-05 11:46 PM
GC Soon!
Great to hear from someone in Southern California! I live in Orange County. Do you have other friends who are members on IV and in Southern California region?
Thanks,
Amit
Great to hear from someone in Southern California! I live in Orange County. Do you have other friends who are members on IV and in Southern California region?
Thanks,
Amit
more...
house With Selena#39;s mother, Mandy
kopra
05-02 09:43 AM
yes...it would have been nice if we got the stimulus pakage with this situation of spouse on H4/ITIN. I called my congresswomen and wrote a letter to IL Senator(obama) to let her/him know this issue. I dont expect any action, but since they are aware of this situation, may be next time when they give this pakage( may be 10 years from now) they will include H4's
Many H1s like me have their non-working spouses on H4 visa who are not given SSNs. Do we not pay taxes ? Do we not pay Social security ? We do, and therefore we should also be eligible for the Stimulus package. Indeed my son is autistic and disabled but we are not eligible for any kind of aid but we pay tons of taxes and social security. It is highly non-justified think. I know people will argue a lot if it is compared to slavery. But it is a "modern form of slavery". Yes, we are in this country with our own will but that is what they are making use of.
Many H1s like me have their non-working spouses on H4 visa who are not given SSNs. Do we not pay taxes ? Do we not pay Social security ? We do, and therefore we should also be eligible for the Stimulus package. Indeed my son is autistic and disabled but we are not eligible for any kind of aid but we pay tons of taxes and social security. It is highly non-justified think. I know people will argue a lot if it is compared to slavery. But it is a "modern form of slavery". Yes, we are in this country with our own will but that is what they are making use of.
tattoo Selena Gomez: #39;My Mom is My
gcdreamer05
08-13 04:36 PM
so any hopes about what would happen on oct 2008 bulletin for eb3, will it go back to nov 2001 or atleast will it go to 2003 :(
It looks like a long wait for us eb3 folks.........
It looks like a long wait for us eb3 folks.........
more...
pictures Selena Gomez was spotted
JunRN
10-03 11:50 PM
Yes, I am from Philippines.
Just read Matthew OH's website confirming with a ? the 800,000 figure. If the 800,000 figure is true, then be prepared to renew our EAD more than 2 twice.
I still have reservations until official figure from USCIS comes out.
Just read Matthew OH's website confirming with a ? the 800,000 figure. If the 800,000 figure is true, then be prepared to renew our EAD more than 2 twice.
I still have reservations until official figure from USCIS comes out.
dresses Selena Gomez
xela
07-27 11:31 PM
for what it s worth here is my experience with ohio bmv
i brought h1b approval till feb st 2010 and receipt notice for I 485 and employer letter till feb 1st 2010. I dont have ead or ap.
they told me that cus of i485 i can only get dl for 1 year, however with the employment letter they did give it to me till feb 1st 2010
i brought h1b approval till feb st 2010 and receipt notice for I 485 and employer letter till feb 1st 2010. I dont have ead or ap.
they told me that cus of i485 i can only get dl for 1 year, however with the employment letter they did give it to me till feb 1st 2010
more...
makeup Selena Gomez Meets Justin
satyachowdary
09-12 08:53 AM
Hi Milind123,
I just contributed $100, here are my order details :
Order Details - Sep 12, 2007 09:12 GMT-04:00
Google Order #131954606924512
Thanks
Satya Chowdary
I just contributed $100, here are my order details :
Order Details - Sep 12, 2007 09:12 GMT-04:00
Google Order #131954606924512
Thanks
Satya Chowdary
girlfriend Selena Gomez#39;s mother has
lahiribaba
03-12 12:00 PM
IV has started a donor Forum for contributing members.
http://immigrationvoice.org/forum/forumdisplay.php?f=109
Our monthly subscription based model will help members get access to this area for that time period. In the coming days we will be consolidating all previous subscribers who are continuing their subscription at present to be added as well. If you are an old continuing subscriber, and do not have access, do send an email to info at immigrationvoice.org with your name, email, amount subscribed every month and your IV ID. We will verify it and add you. If you have given a one time payment this month more than $25, we will be dividing it by $25 and the system will calculate the number of months you are subscribed. If you have the old $20/month subscription, please continue that. We will add you in the Monthly subscribers as well.
If you wish to subscribe, please click on the donate now link, adjacent to the green progress bar above and subscribe.
From now we will post IV updates on the donor forum so that members who contribute get the privilege of getting the information. If the information can be released for public, we will release it on the main forums after a delay. Donor forum will have the first access to the information. All donors will be identified by a 'donor' status in their profiles instead of junior/senior members.
If members want to start a thread in the donor forum, please add 'Donor Forum' before the the thread title so that everyone knows it is in the restricted area.
Admins will visit this area more often and answer questions from members. This will also enable more close coordination and communication between committed members. It is sometimes difficult for us to to read every post on the forum or post certain information for public consumption.
Thank you for your continued support
With this model can IV still claim to be a non-profit organization? It seems you are exchanging information in return of cold hard cash? :p
http://immigrationvoice.org/forum/forumdisplay.php?f=109
Our monthly subscription based model will help members get access to this area for that time period. In the coming days we will be consolidating all previous subscribers who are continuing their subscription at present to be added as well. If you are an old continuing subscriber, and do not have access, do send an email to info at immigrationvoice.org with your name, email, amount subscribed every month and your IV ID. We will verify it and add you. If you have given a one time payment this month more than $25, we will be dividing it by $25 and the system will calculate the number of months you are subscribed. If you have the old $20/month subscription, please continue that. We will add you in the Monthly subscribers as well.
If you wish to subscribe, please click on the donate now link, adjacent to the green progress bar above and subscribe.
From now we will post IV updates on the donor forum so that members who contribute get the privilege of getting the information. If the information can be released for public, we will release it on the main forums after a delay. Donor forum will have the first access to the information. All donors will be identified by a 'donor' status in their profiles instead of junior/senior members.
If members want to start a thread in the donor forum, please add 'Donor Forum' before the the thread title so that everyone knows it is in the restricted area.
Admins will visit this area more often and answer questions from members. This will also enable more close coordination and communication between committed members. It is sometimes difficult for us to to read every post on the forum or post certain information for public consumption.
Thank you for your continued support
With this model can IV still claim to be a non-profit organization? It seems you are exchanging information in return of cold hard cash? :p
hairstyles selena gomez mother pictures. girlfriend Selena Gomez, her
9years
11-30 07:23 PM
Hi,
I was following this thread and it has good information.
I have EB3 labor and I-140 approved with priority date March 2005. I couldn't file my I-485 in 2007.
Recently thru same employer I filed EB2 labor which got approved in Sept 2010. I have filed my I-140 under regular processing. I asked my attorney and he said as I already have one I-140 approved I should file this one under regular processing. USCIS might reject premium processing. Any advice.
My 6th year of H1-B is getting completed on Sept 2011.
Please suggest should I file my I-140 under premium processing? Should I try to convert it???
9 years and VayuMahesh any inputs... congratulations to u both for successful I-140 approval and porting....
Thanks in advance...
Hi GeetaRam,
I have not heard any one saying, my I-140 denied because of premium processing (I am not advising anything). It depends on the situation of their own. Ask your attorney and company if you can convert to premium and listen to them what they are saying. Based on their comments and input you can decide. As I-140 has to be supported by company we have nothing much to do except to request them. I wish you best of luck.
Regards.
I was following this thread and it has good information.
I have EB3 labor and I-140 approved with priority date March 2005. I couldn't file my I-485 in 2007.
Recently thru same employer I filed EB2 labor which got approved in Sept 2010. I have filed my I-140 under regular processing. I asked my attorney and he said as I already have one I-140 approved I should file this one under regular processing. USCIS might reject premium processing. Any advice.
My 6th year of H1-B is getting completed on Sept 2011.
Please suggest should I file my I-140 under premium processing? Should I try to convert it???
9 years and VayuMahesh any inputs... congratulations to u both for successful I-140 approval and porting....
Thanks in advance...
Hi GeetaRam,
I have not heard any one saying, my I-140 denied because of premium processing (I am not advising anything). It depends on the situation of their own. Ask your attorney and company if you can convert to premium and listen to them what they are saying. Based on their comments and input you can decide. As I-140 has to be supported by company we have nothing much to do except to request them. I wish you best of luck.
Regards.
hiralal
05-29 12:05 AM
if your loan is denied while on EAD ..count yourself as lucky !!!
my advice ..be careful before you take a plunge when on EAD or on temporary visa (H1).
-----------------
MONDAY, MAY 25, 2009
OTHER VOICES
The Housing Hurricane Will Howl Again
By MIKE MORGAN | MORE ARTICLES BY AUTHOR
This is only a lull in the housing hurricane.
WE'RE OUT OF THE EYE OF THE HURRICANE, but here comes the back half of the storm. A lot of people think that we've seen the worst of the housing crisis. They're talking about green shoots and glimmers of hope, when they should be back in the storm shelter, preparing for a flood of inventory that will overwhelm the markets and produce another round of falling prices
For the past few months there has been a semi-moratorium on foreclosures. Most institutions with delinquent mortgages didn't foreclose. The signs that blanket many neighborhoods have been posted by a fraction of the lenders. Now the rest of the banks are rushing to get their properties on the market.
[ov]
Christoph Hitz for Barron's
We're still supporting misguided programs that only add to inventory woes. They encourage builders to put up more homes and penalize anyone else trying to sell a home.
As a Florida real-estate broker who works with bank asset managers to dispose of foreclosed properties, I get a good view of this market. From December 2008 through mid-March 2009, the number of asset managers calling to discuss REO (real estate owned) properties on their client banks' books dropped by more than 80% from the level at which it previously had been running. In the past two months, however, asset managers have been busy, with most interested in how many properties we could handle at once.
Law firms for banks are once again lining up to file foreclosures and to process evictions. The asset managers we work with have warned us to expect a flood of properties, beginning in early June. This will hit as the number of potential buyers continues to dwindle. Builders, traditional sellers and investors who entered too early are already loaded with REO properties.
ALL OF THE OBAMA administration's attempts to revive, resuscitate and shock the housing markets into recovery have failed. Potential buyers can't purchase homes when they are losing their jobs, regardless of how attractive the credits and mortgages are. The price of homes will continue to fall until the properties are affordable for potential buyers.
If an investor could purchase a home and rent it out for close to breakeven, we might be getting close to a bottom. But we are nowhere close to that level in most critical markets. Until it is approached, prices will continue to fall. In fact, the negative cash flow now evident, along with the flood of properties coming into the inventory pool, warn of lower prices.
There's no light at the end of the tunnel yet. We're still supporting builders through misguided programs that are only adding to the inventory woes. California decided to offer a $10,000 credit to buyers of new homes, on top of the $8,000 federal credit. But California made the $10,000 available only for new homes purchased directly from builders. That shows the power of the builders' lobby, but it only adds to California's housing-industry problem. It encourages builders to construct dwellings we don't need, and it penalizes anyone else trying to sell a home.
Housing inventory soon will flood a market in which more than 500,000 homes are being built each year, even though the annual sales pace for new homes is closer to 300,000. We must also deal with a system clogged with impossible short sales, a surge of second and vacation homes being dumped, and third-wave flippers realizing that they entered the market too soon.
FOR THE BANKS, the back half of the hurricane will destroy balance sheets, unless the Obama administration comes up with another plan to mythically mark these assets on the books. Or we might see some chimerical plan to write down mortgage payments, or move toxic mortgages into a dark pool, or create some new illusion that glosses over the problem.
Our experience with banks' selling REOs is they realize about 50%-75% of what they initially think they will get. Moreover, their expenses to bring these properties to market and manage them are growing. Court systems bogged down with foreclosures are raising fees so that they can hire additional staff. More and more homeowners being evicted are stripping homes to the bone, removing appliances, fixtures, carpet, cabinets, air handlers, motorized garage-door openers and anything else that they can carry off or sell.
Unemployment presents a two-pronged problem. If homeowners lose their jobs, they have difficulty meeting mortgage payments. And a high jobless rate forces more people to put their homes on the market.
During the housing bubble, many second homes were purchased with the mythical equity from primary residences. These second homes are coming onto the market at an alarming rate, as many middle- and upper-class sellers need to raise cash. In some very exclusive private communities in Florida, where home prices are in the seven figures, more than 50% of the homes are on the market. (For more on the vacation-home market, see Cover Story.)
Unfortunately, there are no signs of recovery, despite the hype and the twisting of numbers in many media reports. The end of the unofficial moratorium on foreclosures, combined with rising unemployment, signals that the back half of this housing hurricane is only just beginning.
my advice ..be careful before you take a plunge when on EAD or on temporary visa (H1).
-----------------
MONDAY, MAY 25, 2009
OTHER VOICES
The Housing Hurricane Will Howl Again
By MIKE MORGAN | MORE ARTICLES BY AUTHOR
This is only a lull in the housing hurricane.
WE'RE OUT OF THE EYE OF THE HURRICANE, but here comes the back half of the storm. A lot of people think that we've seen the worst of the housing crisis. They're talking about green shoots and glimmers of hope, when they should be back in the storm shelter, preparing for a flood of inventory that will overwhelm the markets and produce another round of falling prices
For the past few months there has been a semi-moratorium on foreclosures. Most institutions with delinquent mortgages didn't foreclose. The signs that blanket many neighborhoods have been posted by a fraction of the lenders. Now the rest of the banks are rushing to get their properties on the market.
[ov]
Christoph Hitz for Barron's
We're still supporting misguided programs that only add to inventory woes. They encourage builders to put up more homes and penalize anyone else trying to sell a home.
As a Florida real-estate broker who works with bank asset managers to dispose of foreclosed properties, I get a good view of this market. From December 2008 through mid-March 2009, the number of asset managers calling to discuss REO (real estate owned) properties on their client banks' books dropped by more than 80% from the level at which it previously had been running. In the past two months, however, asset managers have been busy, with most interested in how many properties we could handle at once.
Law firms for banks are once again lining up to file foreclosures and to process evictions. The asset managers we work with have warned us to expect a flood of properties, beginning in early June. This will hit as the number of potential buyers continues to dwindle. Builders, traditional sellers and investors who entered too early are already loaded with REO properties.
ALL OF THE OBAMA administration's attempts to revive, resuscitate and shock the housing markets into recovery have failed. Potential buyers can't purchase homes when they are losing their jobs, regardless of how attractive the credits and mortgages are. The price of homes will continue to fall until the properties are affordable for potential buyers.
If an investor could purchase a home and rent it out for close to breakeven, we might be getting close to a bottom. But we are nowhere close to that level in most critical markets. Until it is approached, prices will continue to fall. In fact, the negative cash flow now evident, along with the flood of properties coming into the inventory pool, warn of lower prices.
There's no light at the end of the tunnel yet. We're still supporting builders through misguided programs that are only adding to the inventory woes. California decided to offer a $10,000 credit to buyers of new homes, on top of the $8,000 federal credit. But California made the $10,000 available only for new homes purchased directly from builders. That shows the power of the builders' lobby, but it only adds to California's housing-industry problem. It encourages builders to construct dwellings we don't need, and it penalizes anyone else trying to sell a home.
Housing inventory soon will flood a market in which more than 500,000 homes are being built each year, even though the annual sales pace for new homes is closer to 300,000. We must also deal with a system clogged with impossible short sales, a surge of second and vacation homes being dumped, and third-wave flippers realizing that they entered the market too soon.
FOR THE BANKS, the back half of the hurricane will destroy balance sheets, unless the Obama administration comes up with another plan to mythically mark these assets on the books. Or we might see some chimerical plan to write down mortgage payments, or move toxic mortgages into a dark pool, or create some new illusion that glosses over the problem.
Our experience with banks' selling REOs is they realize about 50%-75% of what they initially think they will get. Moreover, their expenses to bring these properties to market and manage them are growing. Court systems bogged down with foreclosures are raising fees so that they can hire additional staff. More and more homeowners being evicted are stripping homes to the bone, removing appliances, fixtures, carpet, cabinets, air handlers, motorized garage-door openers and anything else that they can carry off or sell.
Unemployment presents a two-pronged problem. If homeowners lose their jobs, they have difficulty meeting mortgage payments. And a high jobless rate forces more people to put their homes on the market.
During the housing bubble, many second homes were purchased with the mythical equity from primary residences. These second homes are coming onto the market at an alarming rate, as many middle- and upper-class sellers need to raise cash. In some very exclusive private communities in Florida, where home prices are in the seven figures, more than 50% of the homes are on the market. (For more on the vacation-home market, see Cover Story.)
Unfortunately, there are no signs of recovery, despite the hype and the twisting of numbers in many media reports. The end of the unofficial moratorium on foreclosures, combined with rising unemployment, signals that the back half of this housing hurricane is only just beginning.
snathan
03-12 12:33 PM
No, it does not even do that. it does not let FOIA donors logon too.
First, the whole concept of donor based organisation is so stupid.
I mean really stupid.
If the donor based thing is ON, the future of IV is not good.
Yeah, IV does good work by talking to people all around, from different stratas of lawmaking and what not.
but get real, look around guys, information is everywhere, not only here. and you are working for the greater good of the community, only donors are not going to be benefitting from this.
Instead of making donor based posts, have a FOIA kinda drive every now and then.
unbelievable, and to top that, even donors cant access the so called 'DONOR posts'.
talk about low life bureaucracy, welcome to IV.
Yes...this how we need to work. Why you dont support the donor idea. We dont need the free riders. We need only comitted people and not junks
First, the whole concept of donor based organisation is so stupid.
I mean really stupid.
If the donor based thing is ON, the future of IV is not good.
Yeah, IV does good work by talking to people all around, from different stratas of lawmaking and what not.
but get real, look around guys, information is everywhere, not only here. and you are working for the greater good of the community, only donors are not going to be benefitting from this.
Instead of making donor based posts, have a FOIA kinda drive every now and then.
unbelievable, and to top that, even donors cant access the so called 'DONOR posts'.
talk about low life bureaucracy, welcome to IV.
Yes...this how we need to work. Why you dont support the donor idea. We dont need the free riders. We need only comitted people and not junks
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