patrick.net

Another point we should look at when talking about health insurance... Has any one looked at how much money frivolous law suites are costing us? I think people have forgotten that when you are getting treated in the emergency room the doctor is doing what he can with the little time he has to save your life. There are laws that protect good samaritans and I think we need to have the same to protect doctors as well. People seem to think that if a doctor is unable to fix something or that there is a remote possibility that another doctor could have done better they should sue. A lot of money is spent on these cases which is why malpractice insurance is through the rough. Suing a doctor these days and making a mint seems to be the new way of obtaining the american dream. The ease in which one can sue a doctor ends up increasing the cost for everyone else to get treatment. I due not feel we should take away ones right to sue but must need to raise the bar on what constitutes wrong doing by someone who is trying to help you. I strongly believe that in order for someone to be able to sue against a doctor they must have a case that is strong enough to show gross negligence. For example in order to sue a doctor, that doctor must do something like used the wrong patient chart, or left a tool in you. I also think a neutral third party should be used to determine if a case is even worthy of going to trial before lawyers have to be brought in.

P2D2 says

Teddybearneil says

anks NOT foreclosing on properties and the existing inventory of foreclosed properties pretty much cleared out, I don’t see how and when prices will come down further.

Foreclosures in Silicon Valley continue to climb:

There were 591 foreclosures in Santa Clara County in June, up 22 percent compared with May, ForeclosureRadar, a Discovery Bay company that tracks California foreclosure activity, reported Tuesday. Foreclosures were up 63 percent in May from April. In a sign that the trend would continue, notices of default — the first step leading to foreclosure — rose by 11.5 percent. Foreclosure sales statewide jumped by 24.7 percent, the company said, marking the third consecutive month of increase following a moratorium pending announcement

Can anyone explain me how I can infer inventory of foreclosed properties will clear out soon?

Just because foreclosures are increasing does not mean inventory overall is going up. And if those foreclosures are selling faster than they come on the market, inventory will go down. In places that I've been watching, I know inventories are much lower right now than they were last year. I think in Fremont, CA there are actually about half the number of homes listed (around 500, down from over 1000). This is what bugs me and is causing me to have my doubts. Hopefully, it's just because of several things (CA moratorium, temp blip with spring/summer selling season, extremely low interest rates). I guess we'll see.

"liberal data" my ass What a jerk off you are, drfelle. Now you are plying semantic games with the data. Not that anyone should be surprised.

There is no ignore button. It would mean N x N possible relationships of ignoring, probably slowing down the site. On the other hand, maybe it would improve the user experience. Commenters who got ignored by pretty much everyone could just be put into some mode where they comment into the ether. On the third hand, it's character building to deal with difficult people. Not fun, but there's some real skill in doing it well. BTW, I'm a liberal, big time! But fiscally conservative.

chrisborden says

I do not go to the doctor because I keep myself healthy, and it is not in my best interest to waste $3000+ a year on “insurance” I will never use.

...which is all well and good when you are healthy. Now, what happens if you're born a diabetic? What if you get cancer? Nobody dies from "old age". We all die from some disease or physical trauma. Most of us will die from some form of cancer. Funnily enough, regular check ups are the best way to fight cancer (early detection almost always results in effective treatment, and late detection almost always results in death). I can not for the life of me figure out what kind of brain damage (probably not covered by insurance) is required to think that the current system is somehow as good as it can be, or that it's even rational to pay such ridiculously high prices for medical care. I don't really care if you're pro-single payer, pro-government option, pro-government ownership, or anything. There are plenty of other options with a lot less government involvement, and ALL OF THEM are better than what we do in the U.S.

Tenpoundbass says

Don’t confuse “Theory” and “Law”

Well, no, because scientists don't really use the term "Law" anymore. Newton called his reasonably-close approximations "Law", and then people with more knowledge came along and showed that Newton didn't get everything right. We still call some things "Laws" for historical reasons, but scientists learned long, long ago never to claim that anything is "absolute", even if it has been hundreds of years since any contrary evidence has been presented. So, yes, gravity is "just a theory" (albeit one without much contrary evidence). That's how science works. You learn something new, and that new evidence becomes the basis for your understanding of the universe. Tenpoundbass says

The same thing could be said about “String Theory”, “The Big Bang”, “theoretical physics” and “quantum mechanics”. It’s all Scientific “Bull Shit” no different than religious Bull shit. But in the spirit of education you tolerate or humor these views. As they often may expand your mind to see innovation in something you might have not seen otherwise.

Except every single one of those things is supported by scientific evidence, with thousands upon thousands of scientists researching them actively in order to attempt to refine the theories until we have exhausted the limits of human observation. Creationism is supported by some books written by crazy people (that the books refer to as "prophets"). I'm going to assume that you don't know the first thing about any of those topics if you call them "Bullshit" or claim that they're "no different" from religion. Putting quantum mechanics into the same realm as String theory in terms of scientific evidence is absurd (not that there's anything terribly wrong with string theory, it's just that quantum mechanics is a far more thoroughly researced arena), and I don't even know what that "theoretical physics" thing is supposed to be. All physics are "theoretical". Sounds like pseudo-science to me. You have no idea what you're talking about. Tenpoundbass says

Surely you don’t have a problem with Greek or Mayan mythology? One mans mythology is another mans religion.

In a theology, mythology or maybe even a history class, I have no problem with that at all. We should absolutely be teaching our children about the world's religions and what people who follow those religions believe -- but it is NOT science. The difference between science and religion is this: - In science, you perform research in order to explain the world. As you learn more from your research, your understanding of the world around you grows. - In religion, you accept some collection of stories and /or people as infallible truth. You do not investigate or learn about the world around you, because all truths are laid out by the religion. There are certainly scientists who are also religious, but there aren't very many credible scientists who are Creationists.

drfelle, not all people have opinions that are derived from some media outlet or other. It is true that too many have, and given the enormous pseudo-conservative slant of the media since _forever_, the results are appalling and the misconceptions are astoundingly severe.

TOB, >> ..., or pro peace and have zero problems with producing litters of illegitimate children, well known to be the primary cause of crime and social unrest. Uh, you should have watched the program "Lost Royals" on PBS last night. I think the real title of the British program was "Royal Bastards" (a term which was used, uh, liberally, during the program), but of course that title was a little too pointed for the local sensibilities. Anyway, the point I'm making is that War and Crime has more likely been the result of the bastard children of Kings and Nobility, if at all (and that would include the elite on Wall St here in the US, by extension).

SomeGuy, You did in some sense clarify what you mean by "socialist" (somewhere above) by writing the sentence: >>That ASPECT of the government would be a socialist one. I agree with what Kevin is saying about how the term socialism and socialist is being abused. It is counterproductive to claim that an aspect /program/action/policy/law/whatever of a state/country is "socialist", especially when there are plenty of non-socialist countries that have similar or identical programs. For example, Nazi Germany invaded Poland in 1939 under false pretenses. And the US invaded Iraq in 2001 under equally false pretenses. Does that USA make a Nazi nation? Well, as you know, not exactly. I have to disagree with labeling of government programs as "socialist". I think it is just a smear tactic, and should be avoided.

Bap33, >>but the Army is not for profit … LOL, tell that to Haliburton.

drfelle says

elliemae says

How would those poor private health insurance companies compete with the public plan? That would be horrible. As it is, the execs of those poor private companies are barely eeking by:

Once the dust settles and there is still no OBAMA Health Care Plan…. Homeless Man: How is ellimae going to be able to afford Health Coverage with her $35-$75K salary? drfelle: It looks like she might have to downgrade to Basic Cable. Homeless Man: Oh no, that’s horrible! drfelle: yeah, and she might have to rid herself of a huge car payment. Homeless Man: Does that mean she’ll have to walk like me? drfelle: No, elliemae has more than one vehicle. Homeless Man: Why does she need more than one vehicle? drfelle: It’s a long story. She, and many others that can’t afford Health Coverage have a spending problem. Homeless Man: Why doesn’t she learn to save? drfelle: She feels entitled to steal from the most successful (wealthy) citizens. She doesn’t need to save. Homeless Man: But haven’t the successful citizens earned their money through hard work? drfelle: Yes, but people like elliemae are Prideful, and can’t stand the success of others. Homeless Man: Isn’t being Prideful a sin. drfelle: yes. Homeless Man: Wait, if elliemae is entitled to the money of people who are wealthier than her, then I must be entitled to her money!!!! drfelle: sigh! Wealth IS relative!

I really want some of what you're smoking.

But haven’t the successful citizens earned their money through hard work?

Of course. The hardest workers are always the ones who enjoy the most wealth. Wealth is rarely if ever accumulated through exploitation, fraud, larceny, nepotism or luck.

Do other countries have nationalized health care that covers everyone? Yes. Do they pay for it? Yes. Are the populations of these countries wandering the streets dying of disease. No. Are we in the USA so stupidly incompetent that we can't do that too without bankrupting our populace or creating a rationing worse than that created by private insurers? That, apparently, is what's being argued by the conservative members of this forum.

ian807 says

Are the populations of these countries wandering the streets dying of disease. No.

Umm, wow....Where did that fact come from. I would argue that in every country there are going to be people are wondering the streets dying of diseases because almost every one will get one at one point or another. I would feal that by being in the US will currently get me faster and better treatment then what I would get in one of the countries with nationalized healthcare plan in place. The US system needs to be fixed, but I do not think handing it over to the government is the solution. d3 - aka knightparzival

Tenpoundbass says

d3 says

The US system needs to be fixed, but I do not think handing it over to the government is the solution.

Wow, um if not the Government to take the task then who would fix it. Those making a killing on the system now?

Just because I don't let the government run healthcare, does not imply that we have to keep things the way they are. I would be fine with the government helping to subsidize the cost or preventative care and emergency treatments for those who are not able to afford commercial coverage. I however do not think they should run the system. Politicians are not the patients waiting for treatment nor are they doctors; they should not have any say in how people’s health should be managed. For this reason I have made the following suggestions 1. Give doctors more legal protection from law suits. I feel that at doctor should be treated as a good Samaritan when it comes to treatment http://definitions.uslegal.com/g/good-samaritans/ . Although I strongly feel that people should maintain the right to compensation if a doctor is negligent, I feel we should have much higher standards to what negligence is when someone is trying to save your life. As is one of the MAJOR costs associated with being a doctor is malpractice insurance. The costs associated with malpractice and malpractice insurance has scared away people from entering certain fields of medicine (i.e. primary care) and has driven costs up so much for doctors many small practices can no longer afford to stay in business. 2. Loosen Medicare and health insurances power over price control. Although price control seems good, it has only managed to create high profitability for insurance providers and it has been hurting primary care provider’s ability to stay in business. Although it may seem counter intuitive to loosen this control, I strongly believe by allowing primary care providers to have more control over their prices you will create new competition. This competition will give doctors a reason again to become primary care providers. This will create more competition and lead to more doctors. When the number of doctors has increased less resources will need to be spent on emergency rooms. 3. Stop allowing foreign nations from capitalizing off of US medical research. Currently a lot of nations have laws that allow them to limit how much they can be charged for drugs. Because of these limits, the citizens have to pay for most of the drug research for the drugs that get sold overseas. If someone wants to buy US medicine they should be required to pay the US price for that medicine. The only subsidizes should be ones provided to nonprofit charitable organizations. 4. Make medical billing more transparent. From my understanding one of the reasons why bills are so high for an emergency room is because paying customers are indirectly subsidizing the cost of non-paying customers through having to pay exuberant prices for things. My guess is that the reason a getting a basic shot at an emergency room can cost over $1k is because I am paying for all of the people who could not afford to pay here their bills. This is probably the only way for some hospitals to stay in business. Even in an emergency room a shot should not cost a few hundred dollars at most + the cost of the medicine. By lowering the costs of emergency medical bills and insurance should become a lot cheaper. 5. For those who cannot afford insurance, there should be a government program in place that helps subsidize the cost of treatment. For example unemployed people should be able to get vouchers for preventative care. If someone goes in to the emergency room without insurance the government should have a scale in place to determine what % of the treatment they will subsidize. Yes, these things would require more taxes, however I believe doing these things would make regular healthcare cheaper. As I said before we are already paying the bills of uninsured people through having to pay higher medical bills for our own treatment. I really do not think the medical field is making a killing off people like we think they are. People just do not understand how things are currently getting paid for. The reason why I am against complete government control is that I think in order for the US to have the best doctors we need to fairly compensate them and I do not believe the government can do a better job than the market. If the government ended up setting pay rates from for doctors what would be the advantage for someone to spend a lot of money and work hard to become the top of their class at an IV league school. In order to get people to spend 8 years in school and work there 4ss off, you have to pay them a lot of money. Most of the money though we are currently spending is not going to the doctors, to is going to the costs associated with being a doctor (ie insurance, tools, facility) and the cost associated to cover the medical bills for those who could not pay. Money is a powerful motivator and we can’t just expect that if we take it away everything will work out just fine.

Tenpoundbass says

I think paying more than $100 a month per household, is grossly too much for health insurance.

Finally found a point on which I agree with TPB ... True...

Funny how they can write a bill to funnel trillions of dollars to their bankster buddies in a month, but anything inside of a year to get health care for the millions of uninsured Americans is “rushed”. Well said. Also interesting how they can justify billions for un-necessary wars under the pretense of being in danger of attack from the "advanced weaponry" of a third world nation. Yup, them armored camels and scimitar swords sure cause me to lose sleep at night.

We have socialized, government-run systems for public schools, law enforcement, fire department, military, buses (transportation), parks, and others. Why wouldn't a socialized health care system be feasible? I need health care more than I need a bus ride. We need a civilized, moral health care system and private industry has allowed insurance and pharmaceutical companies to take costs higher and higher for profit. Steps towards universal health care and wide availability of generic drugs need to happen. The state of our system right now is embarrassing on a global level. Americans are even leaving the US to get health care and are combining health care with their vacations. Its really bad right now.

drfelle -- Love your sense of humor. FYI, my husband and I share a car (year 2003) that we own outright. We both do take the bus occasionally, but I still need health care more. And regarding vacations -- I meant that it is actually cheaper in some cases to go out of the country for treatment or to buy needed drugs. Some people just can't afford health care or insurance in the US. Personally, my husband needed some drugs and they weren't covered by our plan, so we got them at 1/5 the price in Canada. Even including all travel expenses it was cheaper to buy them in Canada one weekend. Isn't that pathetic considering the US is supposed to be a world superpower? The health care system is not taking proper care of US citizens.

Failure in this country is almost always attributed to laziness, poor planning, sense of entitlement, and poor-decision-making.

Yes, but I wasn't referring to people marginalized by their own bad attributes - rather, to hard work and how equal parts toil rarely results in equal parts wealth. It should, but it doesn't. It could even be said that the harder you work, the less you earn. Almost always, wealth in the West comes from knowing the right people, exploiting loopholes, usury, speculation, skimming, bribery, and...luck! Only occasionally is wealth the result from sacrifice, concept, R&D, production, invention or service.

Wait - I thought that we have a Democratic stronghold that's filibuster-proof. So how can the republicans block it? (this is a serious question, not an invitation for libs v. conservatives trashtalk)

Actually, although there are 60 democratic members, Edward Kennedy is still recovering from his health problems and the 90 something year old senator, Robert Byrd, from West Virginia is also having health issues. Further, it is highly unlikely that you'll get all 60 democratic senators there for a vote on the same day. The 60 seat "filibuster proof majority" is just an illusion. Unless they all show up on the same day and vote for cloture, they can't stop any filibuster.

all this talk of filibuster proof majority is ridiculous. Neither Democrats or Republicans for that matter can ever agree on any one topic. Especially Dem's. Every state has it's own needs, so votes before the house or senate are always issue based, not just party based.

ian807 says

Do other countries have nationalized health care that covers everyone? Yes. Do they pay for it? Yes. Are the populations of these countries wandering the streets dying of disease. No. Are we in the USA so stupidly incompetent that we can’t do that too without bankrupting our populace or creating a rationing worse than that created by private insurers? That, apparently, is what’s being argued by the conservative members of this forum.

Well put, Ian807. Whenever any of the wingnuts bring up some strawman blah-blah about some irrelevant aspect of the whole health care debacle, we would all be well served in going back to basics and remember that there at least a dozen western nations that have already proven that healthcare can be universal, and at half the cost we expend. End of story.

WitchOnWheels says

I am very curious to know if the people here, and all over the country, screaming about socialized medicine, communism, etc have any plans to turn down medicare when they’re old enough. If govt run healthcare is so terrible, it would seem as if they would pass it up and stick with their private insurance plans instead. But nobody ever mentions it. It’s very curious. Some Guy, you’ll be turning down medicare, surely. Right?

The government forces us to pay 3 percent of our entire lifetime earnings into Medicare, we have no say in the matter they force us to do it. So yes, since we are forced to pay into the program of course no one should walk away from it. But many people do get supplemental insurance in addition to their Medicare. Even worse, the program is fast approaching bankruptcy and now represents a nearly $ 100 Trillion unfunded liability. Basically, the government spent all that money on other things and did not set it aside for Medicare. As a result we are now in deep trouble just as millions of baby boomers approach retirement. This is why the government is so concerned about driving down costs, because they know they cannot afford to deliver the services everyone has been promised all these years. Just another example of criminal government mismanagement, and so typical. How anyone would think we should give these idiots any more control than they already have is a mystery to me.

JJ says

We have socialized, government-run systems for public schools, law enforcement, fire department, military, buses (transportation), parks, and others. Why wouldn’t a socialized health care system be feasible? I need health care more than I need a bus ride. We need a civilized, moral health care system and private industry has allowed insurance and pharmaceutical companies to take costs higher and higher for profit. Steps towards universal health care and wide availability of generic drugs need to happen. The state of our system right now is embarrassing on a global level. Americans are even leaving the US to get health care and are combining health care with their vacations. Its really bad right now.

1. Public schools are ran out the county level, not the federal level and most public schools have major problems even at the county level. 2. You don't need a PHD to drive a bus. 3. You are not going to find a lot of people with PHDs or even bachelor degrees who would be willing to join the military. With that said there are government employees in skilled positions. However most of these positions have non-government contractor equivalent jobs. One thing I have noticed in my own job field is that the people who are really skilled will not accept or stay in a government positions because the government would not pay them what they are worth.

patrick, Could you moderate my previous post in this thread? It is waiting for moderation from yesterday.

After using socialized medicine in other countries, I am all for it. Although, taxes may be slightly higher or not at all, the quality of healthcare provided is better than what the "average" American gets presently. This is because all the money is spent on care of patients instead of insurance, excessive drug cost (drug cost are lower where goverments can negoiate price), doctors are paid fair salaries (not $500,000/yr) and primary care is widely available to closely manage patients which avoids many complications (instead of people waiting to see a doctor until it is late). Skipping your family doctor to see a specialist does not improve patient outcomes. Having a good and readily availble family doctor (who is not spending excessive time on paperwork due to insurance demands) does improve outcomes. Just think how much more energy your and your doctor would have to focus on your health if all your insurance issues went away or were greatly reduced....

Its interesting to me that in the healthcare insurance debate, I don't hear anything about the individual having to pay his own premiums. The notion of employer paid health care is an abberation, driven by wage and price controls in the WWII era and is responsible for much of the drive to send US jobs overseas. It should be abolished. I favor an individual mandate paid through a payroll tax. That forces everyone into a system at a young age so that when they reach the age when health care becomes an issue, they have put some money into the system. The young and healthy tend to think that they do not need health insurance, but the young and healthy are much more likely to be injured in accidents are not immune to catastrophic illnesses. When that happens and they are uninsured, they become as much a burden on society as do the elderly, z and for a much longer time. Unless there is an enforcable individual mandate, there will always be a large segment of society that is willing to freeload on the rest of us. Families with lots of kids should be required to pay more than individuals or childless couples. All of this would be enforcable through the federal tax reporting system. We require people to have liability insurance to drive a car, to me, its not a great stretch to say that to protect society as a whole from the costs of treating the uninsured, everyone must pay into the system.

It is likely, in my opinion, that should the so called government option be put in place that over time it will morph into some form of a single payer system. I believe this is well understood by the insurance companies and their minions as well as those in congress and the administration that are promoting this. This "reform" is to be a transition to single payer. You cannot do it in one fell swoop without huge disruptions to an economy that is already in some state of collapse. It is seen by those that can look at this objectively that the only way to get costs under control is through government intervention. A free market approach which really is not what we have or will ever have, cannot control costs without leaving people to die and or live in misery until they die. There are those that may like the survival of the fittest approach or reliance on private charities for help but unless the economy completely collapses and we enter some sort of apocalyptic future that is not going to happen. Obama has taken a different approach to reform than Clinton did in that he has presented congress with a basic outline of what he wants and congress is developing the legislation. He is vulnerable to attacks like those noted above that he "doesn't even know what is in the bill". This type of criticism shows a complete lack of understanding of the legislative process and or a merely is a way to torpedo reform and gig Obama. The bill if it ever emerges from the House and Senate as well as a reconcilation committee and is presented to Obama to sign will not look much like the bill in the House. Everyone with even a gain of knowledge of the process knows this but as they say politics ain't bean bag and in avoiding the Hillary top down approach to reform that was stopped by congress Obama has opened himself up to other problems. Still I believe his tactics may prove successful and a bill could emerge. It will only be successful if the government option is included otherwise we are just rearranging the deck chairs on the Titanic. While other reforms may help a bit to patch the rupture the ship is still going to sink in what can be called the sea of red ink.

I like the new health care bill already. I see the part cutting back and rationing on medicare and medicaid, very nice.

camping says

Just because foreclosures are increasing does not mean inventory overall is going up. And if those foreclosures are selling faster than they come on the market, inventory will go down. In places that I’ve been watching, I know inventories are much lower right now than they were last year. I think in Fremont, CA there are actually about half the number of homes listed (around 500, down from over 1000).

Ok, let's look at some facts now. As you mentioned Fremont., let's look at it. Check out these charts in following site http://www.rereport.com/alc/monthly/fremont.html The first chart tell you number of units (SFH) sold (the black line). Number of sold homes in June 2008: 100 Number of sold homes in June 2009: 105. Now, look at the inventory data here - http://www.altosresearch.com/research/CA/fremont-real-estate-market Go to the last chart at bottom. Aug 2008 inventory: about 600 July 2009 Inventory: 384. So where is the magical volume of sale that ate up all inventory in last one year? Number of sale increased marginally from 100 to 105. The only change I see here is inventory dropped 35%. It indicates that two things 1. Many homeowners took their homes off from market, as they are not selling (waiting for good time to come back). 2. Banks are holding foreclosed properties. They are not listing them at the same rate they did in last summer. Bottomline, inventory drop is not due to sale volume increase (because there were no substantial increase). But the real question is how long can banks hold their properties. Someday they have to sell. Want proof? Check out foreclosure database in SF Chronicle - http://www.sfgate.com/webdb/foreclosures/ Numbers for Fremont's four zipcode - 94536: 240 94538: 209 94539: 31 94555: 85 Total: 565 and more to come. How long banks can hold properties do you think?

chrisborden says

My mother, 85, is in a nursing home since a stroke and broken hip earlier this year, and no way does she have quality of life. She won’t eat, has to be fed from a tube, won’t walk, etc. If it were legal to let her die, I would, and that is compassion, NOT cruelty. As it is, she is a burden to herself AND society, and no, I do not believe God is going to somehow miraculously restore her. I don’t even want to contemplate how much her care costs the feds and CA (in addition to her share, $761 a month). This stuff isn’t even part of the debate. Thank god I have it in writing that I’m not going to end up that way, no matter what. I’ll find a way to kill myself.

If she truly has no quality and if SHE no longer wants to live like that - or if she isn't able to make the decsions and her Power of Attorney believes that is the way that she would want it to be (or if there is no POA, the majority of adult children who can be reasonably found agree), stop feeding her through the tube (but keep it in so that she can receive hydration and medications if necessary), and allow her to die. Or call a hospice, end the feedings and allow her to die. If her doctor won't support this, find another doctor. It is legal, people do have choices. It's called Palliative Care. Read the articles on the nursing home page: http://patrick.net/?p=16361 http://patrick.net/?p=16353 http://patrick.net/?p=16352 (elliemae hops off her soapbox again)

I'll bet you conservatives have alot of the good stuff - you need it to help you remain believers...

Here's a summary of the bill H.R. 3200, also known as H.R. 3200—“America’s Affordable Health Choices Act of 2009” http://energycommerce.house.gov/Press_111/20090714/hr3200_summary.pdf Recommended reading if you have not read it already. Especially if the goal of this thread is enlightened discussion. It has been lacking lately.

The word “Transparency” in the first Paragraph gave me the willies… [ughwugh] i got that warm funny sensation running down my leg when i got to the America's AFFORDABLE part

There was another thread that discussed how banks aren't foreclosing and have less incentive to because of the gov't. Where do pending sales fall in the charts? Or are they a gap? I've heard that the time to close on a house lately is 2-4 months. So if a pending sale doesn't count as sold but also isn't considered part of the inventory, then this could create a gap. We'll see in a couple of months if things go up more.

camping says

Where do pending sales fall in the charts? Or are they a gap? I’ve heard that the time to close on a house lately is 2-4 months. So if a pending sale doesn’t count as sold but also isn’t considered part of the inventory, then this could create a gap. We’ll see in a couple of months if things go up more.

Go to redfin and search for homes for four zipcodes in Fremont. Search first by clicking checkbox "Exclude under contract" and then re-search unchecking that checkbox. Different of search result is sale pending. So these are the pending sales: 94536: 109-98=11 94538: 67-59=8 94539: 184-176=8 94555: 51-47=4 If escrow-closing is taking 2-4 months, it did in all the recent months - March, April, May, June. Why do you think July or August number will be any dramatic different last few months? Does not make too much sense. In a nutshell, so far 2009 sale increase is not any dramatic different from seasonal change that start from Spring. Numbers are marginally better than 2008, but that's all. It isn't enough to digest foreclosed inventory.

Damn! everytime I put a link in my post, it says "Your comment is awaiting moderation".

chrisborden says

To all, you need to read this excellent analysis by the Associated Press (based on today’s news conference) to learn some of why this plan is grossly misleading. This is the kind of reporting we need in this country: FACT CHECK: Obama’s health care claims adrift?

Dude, Be careful. How many of these articles are being written by paid agents of Insurance companies, you will never know. Power of propaganda is very great. Don't underestimate it. At least in Communist countries and Nazi Germany right to propaganda was confined to State and so you knew where it was coming from. But in democracy everyone has to right to propaganda and big businesses know it full well. Before you know, you have been had. All of us who trade in stock market know it full well.....So beware and don't spread other people's propaganda. I will prefer Obama plan anyday and give the man credit for thinking of ordinary people.