Renters can acquire wealth as well as homeowners

Renters who save and invest can acquire wealth just as well as homeowners who rely on their house as their biggest asset.

Over the long term, home ownership is superior to renting because homeowners fix their housing costs whereas renters pay an ever-increasing housing cost. In fact, I believe… – Renters can acquire wealth as well as homeowners


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our real estate agent testimonials. Discover why you should register with the OC Housing News and how to use the OC Housing News. Utilize the advanced property search, or the MLS map search.

See our special real estate offers: property search guide, housing market reports, home ownership cost guide, guide to rent or own decision, home financing guide, foreclosure 101, short sale guide, how to sell your home without a realtor, The Great Housing Bubble free PDF, 1.5% rebate on new home construction, no cost home sale program, and maximum impact real estate marketing.

Also read Renter News, SD Housing News, Housing Bubble News & Information, Housing Market Forecast US, Housing Market News & Information, Real Estate Ruin, USA Housing News, California Real Estate News, Housing Market News, USA Foreclosure News, Mortgage and Foreclosure News, Mortgage Refinance News, Real Estate Loan News, Debt Default News, Ponzi Debt, Loan Modification and Default News, Mortgage News Clips, and Fay Mortgage News.


With the foreclosure crisis past, why are foreclosures rising?

The financial media perpetuated the fantasy that the foreclosure crisis is past. Now, can-kicking ends and foreclosures rise once again.

The foreclosure crisis never ended, it was merely delayed by lender can-kicking. Bankers designed policies to promote loan modification over foreclosure, … – With the foreclosure crisis past, why are foreclosures rising?


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our real estate agent testimonials. Discover why you should register with the OC Housing News and how to use the OC Housing News. Utilize the advanced property search, or the MLS map search.

See our special real estate offers: property search guide, housing market reports, home ownership cost guide, guide to rent or own decision, home financing guide, foreclosure 101, short sale guide, how to sell your home without a realtor, The Great Housing Bubble free PDF, 1.5% rebate on new home construction, no cost home sale program, and maximum impact real estate marketing.

Also read Renter News, SD Housing News, Housing Bubble News & Information, Housing Market Forecast US, Housing Market News & Information, Real Estate Ruin, USA Housing News, California Real Estate News, Housing Market News, USA Foreclosure News, Mortgage and Foreclosure News, Mortgage Refinance News, Real Estate Loan News, Debt Default News, Ponzi Debt, Loan Modification and Default News, Mortgage News Clips, and Fay Mortgage News.


3% down mortgage announcement more sizzle than meat

Mel Watt’s announcement of 3% down loans pandered to left-wing constituents, but credit standards haven’t changed, and some lenders won’t offer it.

Whenever home sales slow down, people who depend on transactions to make a living cry and complain about tight lending standards…. – 3% down mortgage announcement more sizzle than meat


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our real estate agent testimonials. Discover why you should register with the OC Housing News and how to use the OC Housing News. Utilize the advanced property search, or the MLS map search.

See our special real estate offers: property search guide, housing market reports, home ownership cost guide, guide to rent or own decision, home financing guide, foreclosure 101, short sale guide, how to sell your home without a realtor, The Great Housing Bubble free PDF, 1.5% rebate on new home construction, no cost home sale program, and maximum impact real estate marketing.

Also read Renter News, SD Housing News, Housing Bubble News & Information, Housing Market Forecast US, Housing Market News & Information, Real Estate Ruin, USA Housing News, California Real Estate News, Housing Market News, USA Foreclosure News, Mortgage and Foreclosure News, Mortgage Refinance News, Real Estate Loan News, Debt Default News, Ponzi Debt, Loan Modification and Default News, Mortgage News Clips, and Fay Mortgage News.


Socialist solutions to housing affordability problems suck

Socialists want to regulate outcomes and deny or ignore the forces of markets. Their solutions to difficult housing problems are dangerously foolish.

“Show me a young Conservative and I’ll show you someone with no heart. Show me an old Liberal and I’ll show you someone with no… – Socialist solutions to housing affordability problems suck


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our real estate agent testimonials. Discover why you should register with the OC Housing News and how to use the OC Housing News. Utilize the advanced property search, or the MLS map search.

See our special real estate offers: property search guide, housing market reports, home ownership cost guide, guide to rent or own decision, home financing guide, foreclosure 101, short sale guide, how to sell your home without a realtor, The Great Housing Bubble free PDF, 1.5% rebate on new home construction, no cost home sale program, and maximum impact real estate marketing.

Also read Renter News, SD Housing News, Housing Bubble News & Information, Housing Market Forecast US, Housing Market News & Information, Real Estate Ruin, USA Housing News, California Real Estate News, Housing Market News, USA Foreclosure News, Mortgage and Foreclosure News, Mortgage Refinance News, Real Estate Loan News, Debt Default News, Ponzi Debt, Loan Modification and Default News, Mortgage News Clips, and Fay Mortgage News.


More homeowners restart personal Ponzi schemes

As home prices go up, homeowners can’t resist tapping their home equity to restart their personal Ponzi schemes.

When the credit crunch of 2007 abruptly curtailed the flow of money into residential mortgages, every homeowner who ran a personal Ponzi scheme was suddenly cut off. Many… – More homeowners restart personal Ponzi schemes


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our real estate agent testimonials. Discover why you should register with the OC Housing News and how to use the OC Housing News. Utilize the advanced property search, or the MLS map search.

See our special real estate offers: property search guide, housing market reports, home ownership cost guide, guide to rent or own decision, home financing guide, foreclosure 101, short sale guide, how to sell your home without a realtor, The Great Housing Bubble free PDF, 1.5% rebate on new home construction, no cost home sale program, and maximum impact real estate marketing.

Also read Renter News, SD Housing News, Housing Bubble News & Information, Housing Market Forecast US, Housing Market News & Information, Real Estate Ruin, USA Housing News, California Real Estate News, Housing Market News, USA Foreclosure News, Mortgage and Foreclosure News, Mortgage Refinance News, Real Estate Loan News, Debt Default News, Ponzi Debt, Loan Modification and Default News, Mortgage News Clips, and Fay Mortgage News.


Pension-fund risk transfers. The next Too-Big-To-Fail debacle? – Nom de Plumber’s Thought of the Day

ndp1  Nom de Plumber is a Nom de Plume
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As background, please read the following:

http://news.prudential.com/article_display.cfm?article_id=6977

http://www.bloomberg.com/news/2014-10-30/metlife-losing-pension-deals-to-prudential-cites-margin-of-error.html

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Without any fiduciary-duty reason, each pension beneficiary is forced to select one of two LOSING choices:

1.)     a deeply discounted lump-sum payout

2.)     an unsecured insurance company annuity.  

In Choice 1, the upfront payouts typically are far below the Full Present Value of the lifetime pension-stream obligations.   The employer harvests this gap for itself.

 In Choice 2, defined-benefit pension beneficiaries relinquish their pension portfolio assets, which had long been dedicated solely to them. These assets are transferred non-recourse to the general account of some insurer, which then owns them free and clear.  These beneficiaries receive an unsecured promise from the insurer to pay future retirement benefits.  They bear counterparty risk (if the insurer later fails) but enjoy no compensation, for losing both that hard-asset coverage and any US Pension Benefit Guarantee Corporation pension protection.

In either employee choice, the employer unwinds the defined-benefit pension plan, freely walks away from any existent pension plan funding deficit, stops paying PBGC insurance premiums, and offloads all future longevity risk.

It keeps all these cost savings, sharing none with any employee.

Motorola, Verizon, and GM recently did so…..notably right before actuarial tables were updated to reflect much greater US longevity projections.  Convenient timing!

Before accepting such annuities, employees were the sole, secured beneficiaries of a bankruptcy-remote pension asset portfolio.  Afterwards, they become unsecured claimants on a non-dedicated asset portfolio, commingled with totally unrelated policyholders, exposed to insurer bankruptcy.   In such plausible event, they must compete with those other claimants, reliant on meager state-regulated catastrophe pools for partial compensation of unpaid benefits.

What a deal everyone gets…..except all these pension beneficiaries, who bear default-correlation risk exposure to a Too-Big-To-Fail insurer.  Many brand-name insurers, once highly rated for claims-paying ability, have either failed or hit financial distress, forcing policy benefits cuts, premium increases (whether annuity, long-term care, life, or investment policies), or even full-blown bailout.

·         AIG

·         Genworth

·         UNUM

·         Conseco

·         Hartford

·         Confederation Life

·         Baldwin United

·         MGIC

·         Executive Life.

The employees should be allowed a third choice…..to do nothing and just keep intact their existing pensions.

What happened to concept of fiduciary duty?  This may be the next big Too-Big-To-Fail systemic risk event.

Thank you.

realtors predict rising home sales and rising mortgage rates

The National Association of realtors predicts home sales will rise in 2015 despite rising mortgage rates — not going to happen.

A project manager is concerned with time, quality and price, and in any project it’s only possible to get two of the three. To obtain high quality work… – realtors predict rising home sales and rising mortgage rates


Visit the OC Housing News, and read the OC Housing News blog. Learn why you should use a home guide. Meet the Akason Realty Consulting home guides and housing market analysts, and read our real estate agent testimonials. Discover why you should register with the OC Housing News and how to use the OC Housing News. Utilize the advanced property search, or the MLS map search.

See our special real estate offers: property search guide, housing market reports, home ownership cost guide, guide to rent or own decision, home financing guide, foreclosure 101, short sale guide, how to sell your home without a realtor, The Great Housing Bubble free PDF, 1.5% rebate on new home construction, no cost home sale program, and maximum impact real estate marketing.

Also read Renter News, SD Housing News, Housing Bubble News & Information, Housing Market Forecast US, Housing Market News & Information, Real Estate Ruin, USA Housing News, California Real Estate News, Housing Market News, USA Foreclosure News, Mortgage and Foreclosure News, Mortgage Refinance News, Real Estate Loan News, Debt Default News, Ponzi Debt, Loan Modification and Default News, Mortgage News Clips, and Fay Mortgage News.