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Name: T
Country: United States
State: California
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Member Since: 12/20/2002

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Tuesday, January 20, 2009

Barack Obama - Real Change or Just a Mirage

Yes, I for one hate big government. I don’t like paying more taxes to pay for other idiots’ mistakes. I don’t like being punished for being a healthy, productive member of society. I don’t like government telling me what to do or how to feel. In fact, I even think Senator McCain’s ideas were, well, too liberal. I thought Ron Paul had it right, but I guess he was too radical for most people. Makes sense. I wake up 5:30 AM to go to gym, raw cucumbers make up 80% of my food base, and shun the notion of job securit, labor unions, or anything related to self-entitlement. Only crazy people like me would vote for Ron Paul.

Barack Obama in the whitehouse is much better than McCain. Even though McCain has better economic policies, Obama instills hope in people. Hope for change. Hope for progress.  Of course, hope and inspiration will cause more change than any stinkin’ tax policy.

But I wonder, is he going to be the real change or is it just a mirage?

Not to say that Obama won’t be a great leader. I think he will. His approval rating is through the roof. Pretty clear sign that he is the favored leader. Not a proof or even a sign of good leadership (it’s just day 1), but still, better than a hated leader that 1/2 the people in the country would rather punch in the face.

Let’s look at the facts… how is one man going to change a multi-trillion dollar economy? Even if he has the entire congress with him on everything he does, the economy is an entity of its own. If government policies actually do work, we wouldn’t even be in the financial mess. People aren’t gonna buy more houses because we have a new freakin’ president. They will buy based on one and only one fact: their income and the perceived notion of price stability. Can the new president help this? Who knows.

People say that the racial relations will get better because we have a black president in the white house. Well, will that make a suburban, middle aged white guy actually reach out to his minority neighbors? Will people start going to multi-racial churches during the most segregated hour? Will people stop cracking racial jokes behind others’ backs? Probably not.

I’m not being a downer. In fact, I welcome the new presidency. I even watched the inauguration (well, a big chunk of it). My cynical thought came when I saw two TVs (in gym) side by side. One was a debate about how Obama’s healthcare policy is going to make an impact. The other one was the actual inauguration, where MILLIONS of people showed up since 4-5 AM (i bet some even camped out there closeby). I look BACK at my gym and there’s maybe a DOZEN or so people in gym.

There’s millions of people out there willing to be lemmings, following anyone who might give them a sense of hope … hope of change, but when it actually comes to making some changes and doing something GOOD in their life (i bet a ton of people has “lose weight” in their new year resolution), they’re NOT doing it.  

Change is automatic. Progress is not.

Well, I get all worked up thinking about this… but instead I thought this: even though the economy is in shambles, people managed to get enough money to buy tickets to the inauguration. Go Obama. His economic policies are working already.


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Friday, January 16, 2009

California Foreclosure Report for Year 2008


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Tuesday, January 13, 2009

What percentage of web is porn?

Who knows. According to CNET, there’s some dude named Marty Rimm who’s suppposed to have analyzed the the web and have found that it’s only 1%. But then again, the same dude said it was 83.5% in this other article. IT security firm Optenet thinks it’s more like 35%.

You kinda have to wonder how much money was made because of delivering and storing porn traffic.  More porn = more traffic = more broadband requirements = more content = more storage. Beneficiaries like Cisco, Netgear, Linksys, SBC, Comcast, Maxtor, Seagate, Western Digital, etc.

I’m sure the lure of porn money must be extremely attractive. Yet, I wonder how people can live with that stigma of having made selling porn. ;/


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Thursday, January 08, 2009

How to jumpstart to real estate market (and the economy)

This is my two cents so here goes…

1. Gay people bring up real estate value (and this conservative Roman Catholic lady who happens to be a real estate agent agrees) - Cities that are heavily affected by the real estate market correction need to start importing gay people b/c quite frankly they dress good, buy nice stuff (incl. big ass luxury homes), and are role model citizens. Ok, this probably a strereotype, but I wouldn’t having this stereotype.

2. Invite foreign buyers - There is lack of moolah in the system. So let people with moolah BUY them, even if they happen to be foreigners. I’m not the only advocate of this concept. The real estate market is tanking because there are lack of buyers, not because of lack of American buyers. Let the foreign buyers absorb the surplus. Don’t bring up “patriotism” or “nationalism” into this subject. The biggest “patriot” won’t give a damn about it if his house tanks another 25-50% in market value. I guarantee he’ll be the biggest advocate of immigration when he sees foreigners stabiliing his biggest nest egg.

3. Lower debt to income ratio - The traditional mortgage guidelines, i would argue, fueled the explosion of subprime, alt-A mortgages. I definitely see the logic behind having a maximum debt-to-income ratio as far as approving loans, but the average median income in US is just about $30k… which means there’s a BIG chunk of the population that cannot afford loans that’ll cover the cost of an average home in US. How does Uncle Sam expect to encourage home ownership when that stupid debt-to-income ratio is so low? I would say.. RAISE the damn ratio. What the gov’t doesn’t realize is that most people would rather pay the mortgage and live cheaply than to go homeless but live lavishly. Fear of homelessness, oddly enough, is a good motivation for people to not foreclose.

4. Make flipping primary residence houses ultra-painful - Set real estate taxes for capital gains (for any profit realized within, say, 5 years on a primary residence) to 100% (unless they moved the profits up to a bigger place). Yeap. This is an un-capitalist statement, but heck, better safe than sorry. Besides, most people bought homes beyond their means because they thought they could flip it in a few years. 

5. Let people burn for their mistakes - Not gonna say anymore about this, but people need to pay for their mistakes. No government bailout and no lame excuses. The faster that the market can correct itself, the faster that it can recover. Don’t believe me? Buy liquor to a recovering alcoholic and see how much loner he stays in rehab.

    My 2 cents.


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    Tuesday, December 30, 2008

    Never too late to go for your dreams

    I can’t stand people in their late 20’s to mid 40’s who keep saying they can’t start a business, pursue their passion, etc. b/c they’re too old. Tell that to THESE people.

    An age is nothing but a changing number, but the dream is eternal.


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