patrick.net

This is just another of the wonderful benefits of renting: the owner gets foreclosed on and your lease and agreement with him become null and void (here in California). You have to continue paying or risk your credit rating and if the bank forecloses you might be sent packing and be forced to look for another place. Not much of a problem if you barely have two nickels to rub together and don't own much furniture etc. But a real problem if you are renting a large house and you have books and art~work along with your furniture.

Some people need to check their facts more carefully before speaking out. No one gets to be a doc in 8 years, the minimum is 11 years for a family practice doc. 4 years to a ba, 4 years of medical school, 3 years of residency. At least during residency you get paid more or less minimum wage. Most family practice docs make in the very, very low 100's. Not bad for racking up a debt of 200-400,000 dollars in tuition and giving up 11 years of your life. Many of our family practice friends joke they will make their last student loan payment with their first social security check. Since the top of the food chain docs make maybe 400k in today's market if they work lots of hours I would be very interested in finding out how someone becomes a serious multimillionaire in less than 10 years practicing medicine. The numbers just don't add. Total malpractice PAYOUTS are less than 1% of medical costs. NOT total malpractice costs. Premiums and defensive medicine (a very real expense but impossible to quantify) add a considerable amount. That being said it is probably no more than 2-4% of total healthcare costs. So malpractice isn't the PRIMARY driving factor in health care costs, but represents a real expense nevertheless. The real cost of malpractice is in the rapidly approaching crises in the specialties that most affected by malpractice rates. Ob's for one are rapidly becoming an extinct species. My wife is an Ob. We are overseas and she will never practice in the states again. We know many Ob's who are going out of the country or leaving medicine altogether. Want your baby delivered, call your lawyer to do it. The AMA has nothing at all to do with the supply of doc's. Medical schools, residencies, USMLE testing, state medical boards all have their own independent accrediting boards and have no association with the AMA at all. To the people who hold this idea the training of docs is being limited by some type of grand unspecified conspiracy, you really need to look into the cost and effort involved in expanding a medical school or a residency program. It's not like a law school where you can throw a couple extra chairs in the back of the room. Despite the extremely high cost, 4 new medical schools have opened in the last 4 years, bringing the total to 131. The first students of these new schools will become practicing docs in 2019. H1B docs? Sure why not. It won't change the cost of medical care one cent. Insurance companies set the reimbursement rates. The only effect will be each Doc will see less patients. The number of patients seen will still be the same, no one will be less sick if there are more docs around. The rates paid by the insurance companies will be the same. Net effect on costs - Zero. Anyone who feels the training level of american docs is excessive to their needs or who desires to save money on their health care is free to go anywhere in the world they would like to get their health care.

"Las Vegas and parts of Florida and California will see 90 percent or more of their loans underwater by 2011". Last night I was watching "R.E. Virgins" and the woman buying the house was concerned b/c the house was only 90% of what she REALLY wanted. The Realtard reorted (to the camera) that as far as the housing market goes, 90% is as good as it gets. Well guess what folks, 90% underwater is as good as it gets.

"Anyone who feels the training level of american docs is excessive to their needs or who desires to save money on their health care is free to go anywhere in the world they would like to get their health care" Why should we go elsewhere in the world ? why not here in US ? why i am not free to get prescription from a less trained doc in US. why am i not able to get a doc who has only highschool + 5 years medical school in US.I know many countries do that and accredit them so that patients make the decicion wheather to use them or go to someone with more training.WHY CAN"T A CONSUMER HAVE THAT FREEDOM ? I thought freedom is so important in this country. what happened to "freedom to choose" We make life and death decisions everyday. do you think people are not smart enough to choose the doctor with the right training based on what they want the treatment for? I want to go to a 10+ years trained surgeon for my heart surgery but not for my common cold.

H1B docs? Sure why not. It won’t change the cost of medical care one cent. Insurance companies set the reimbursement rates. The only effect will be each Doc will see less patients. The number of patients seen will still be the same, no one will be less sick if there are more docs around. The rates paid by the insurance companies will be the same. Net effect on costs - Zero. This is hilarious ...its like saying " H1b's won't affect cost of software development because its the software companies which set the salaries and cost of software products" Economics 101 : more labor supply reduces labor cost.

renter for ever_san jose says

in a free market, a human service can never become a bottleneck..example : prostitution will never be a limited resource in a free market unless govt intervenes.

No, prostitution will not become legal in US. Sarcasm Things that will be legal are those that add greatest contribution to GDP and economy. Economists at Wall street firms have identified that prostitution is not that beneficial to economy as perversion is. If people can get their sexual needs fulfilled, think of millions of jobs lost in perversion industry also known as porn. Goldman Sucks has estimated that the total size of porn industry is around 10 billion dollars, this includes porn on internet and porn video industry in Calipornia near north of LA. Also, even though ban on prostitution will be enforced rigidly, govt will let nudie bars flourish. Cops will be posted in nudie bars to enforce the law that the patrons cannot touch the dancers. All these actions will make sure that perversion industry flourishes and Goldman sucks and JPM make billions. Abby Joseph Cohen, the evil incarnate of Goldman sucks, has again predicted a bull market in porn industry. end of Sarcasm

renter for ever_san jose says

“Anyone who feels the training level of american docs is excessive to their needs or who desires to save money on their health care is free to go anywhere in the world they would like to get their health care” Why should we go elsewhere in the world ? why not here in US ? why i am not free to get prescription from a less trained doc in US. why am i not able to get a doc who has only highschool + 5 years medical school in US.I know many countries do that and accredit them so that patients make the decicion wheather to use them or go to someone with more training.WHY CAN”T A CONSUMER HAVE THAT FREEDOM ? I thought freedom is so important in this country. what happened to “freedom to choose” We make life and death decisions everyday. do you think people are not smart enough to choose the doctor with the right training based on what they want the treatment for? I want to go to a 10+ years trained surgeon for my heart surgery but not for my common cold.

You can. They are called nurse practitioners. Granted they have to be working under the supervision of an MD, but they can prescribe drugs and treat basic illnesses.

Then there is the issue of incentive. what incentive does a patient have in going to a nurse when the copay is the same whether he goes to a nurse or to a M.D ..nothing. the co-pay is the same. looks like health care is broken from both supply and demand side.

Wanker, no where but up from here, jetblue, where are you guys?

A buddy had the same thing happen and ended up losing his deposit. The management sent in the deposit to the home owner then gave him a 14 day notice to vacate. Told him he was SOL on the deposit.

Maybe tenants should start asking for credit reports from their landlords, seems fair. When I recently moved I did check out my potential landlords on Property Shark to see what the mortgage situation was on the property I was considering renting. I was surprised to find most were in pretty good shape, on paper.

Lending was frozen for several months so it had to go up because it was at a complete standstill. Price rises are very small and probably indicate a better grade of house is now being dumped on the market. The biggest price rise was in San Francisco where it's always ridiculously overpriced and that was only 5800 dollars even with all the tax incentives. If average prices went up by more than 8000 dollars that might indicate something, but below that the buyer is simply paying less because of the tax rebate.

1/2 the people in this country don't have a mortgage. My mortgage is through a local credit union. The venom on this board is getting to the stupid phase. Money will be valueless before homes. Everyone in cash has lost 10% this year playing it safe.

So Nomo, considering you are still posting, where do you fall in your list? -trolls, wing nuts, conspiracy theorists, and the tin foil hat crowd. Or do you happen to be the exception...

And by the way, you missed a fact: "Prime conforming loans make up two-thirds of mortgages..." But yes, they do make projections without fully stating what they are basing their projections on.

knewbetter says

Money will be valueless before homes. Everyone in cash has lost 10% this year playing it safe.

I presume you mean that for most people, paying down the mortgage is the best "investment." If so I wholeheartedly agree. After credit cards and other high interest loans are taken care of, of course. I had saved up enough money during my 15 year AF career that when I retired (they allowed 15 year retirements then because of the drawdown) to be able to pay $138k cash for a house, plus $12k cash for a Nissan Sentra for the wife. I chose to live in an area (Hampton VA) where $138k buys a new 2400 sq ft 4 bed 2.5 bath 2 car. Paying cash also knocks down the price, along with avoiding loan points, etc. Wages aren't low here either, I currently make over $100k not including retirement pay. Since I owned my home outright since retiring in 1995, I have been able to put away the cash. I do not agree that cash has lost 10%. At least, I don't want to think that because I have over $500k in CDs in various local credit unions. Some of these CDs are long term and paying 6%. Unfortunately, all those come due by next year and I will be lucky to get 2% after that. Also, I bought a new loaded Honda Odyssey in April to replace my wife's 14 year old Sentra. I was able to buy it for less than what used 2008 Odysseys were going for. In fact, we checked out Toyota, Nissan, and Hyundai vehicles as we were shopping. All the dealers were knocking $5,000 or so off the sticker within minutes of us showing interest in the car. For now at least, it seems cash is becoming more valuable. Since I plan to buy another house in two years, it seems that as prices fall my cash is yet becoming more valuable. I have been hearing the "cash is stupid" and "paying off your mortgage is dumb" for quite some time. Yet those people who had the same pay as me (other AF Officers), who took out big mortgages to "invest" in a "leveraged" asset, had "brokers" and "financial advisors" have not managed to build assets like I have. So far, I have done quite well by paying off debt first and putting cash in long term insured CDs. Living within ones means makes this possible. You may recall from my other posts that I did own rental property, and sold all but one during 2003-2005. But I did use savings to pay cash for one of these properties, and selling them only contributed about $100k to my $500k savings, along with allowing me to pay off the mortgage on the one rental property I kept. Nothing wrong with paying off the mortgage on the residence, and packing the rest into rate shopped insured CDs.

Today's continuing unemployment claims show that another 240,000 people have been added to the "extended" benefits program and therefore are no longer being counted in the official number of 6.3 million who have lost there jobs in the current "recession". This brings the total actual number of unemployment recipients to 9.5 million but all we will hear on the news today is the 6.3 million number. There is no mention of the 150,000 new jobs we need monthly that were not created in July. We also had a drop of 5 percent in average wages which when spread over the entire workforce equates to several million job losses in terms of lost buying power.

nowhere but up from here says

camping says

So Nomo, considering you are still posting, where do you fall in your list? -trolls, wing nuts, conspiracy theorists, and the tin foil hat crowd. Or do you happen to be the exception…

You and your cohorts are the only “tin foil hat’s” I see….probably never landed on the moon because it was statistically improbable huh cheesy…I mean campy…

As usual, I don't understand what you are talking about. I didn't come up with the set of labels, I just asked which applied to him. I'm not sure if he included your label in his list.

Interesting article about universal care in France: http://online.wsj.com/article/SB124958049241511735.html France Fights Universal Care's High Cost When Laure Cuccarolo went into early labor on a recent Sunday night in a village in southern France, her only choice was to ask the local fire brigade to whisk her to a hospital 30 miles away. A closer one had been shuttered by cost cuts in France's universal health system. Doctors, trade unions and others have called national protests against French health-care cutbacks this year. One petition signed by prominent physicians said they feared the intent of the reform was to turn health care into a 'lucrative business' rather than a public service. France claims it long ago achieved much of what today's U.S. health-care overhaul is seeking: It covers everyone, and provides what supporters say is high-quality care. But soaring costs are pushing the system into crisis. The result: As Congress fights over whether America should be more like France, the French government is trying to borrow U.S. tactics. In recent months, France imposed American-style "co-pays" on patients to try to throttle back prescription-drug costs and forced state hospitals to crack down on expenses. "A hospital doesn't need to be money-losing to provide good-quality treatment," President Nicolas Sarkozy thundered in a recent speech to doctors. And service cuts -- such as the closure of a maternity ward near Ms. Cuccarolo's home -- are prompting complaints from patients, doctors and nurses that care is being rationed. That concern echos worries among some Americans that the U.S. changes could lead to rationing. The French system's fragile solvency shows how tough it is to provide universal coverage while controlling costs, the professed twin goals of President Barack Obama's proposed overhaul. [France Fights Universal Care's High Cost] French taxpayers fund a state health insurer, Assurance Maladie, proportionally to their income, and patients get treatment even if they can't pay for it. France spends 11% of national output on health services, compared with 17% in the U.S., and routinely outranks the U.S. in infant mortality and some other health measures. The problem is that Assurance Maladie has been in the red since 1989. This year the annual shortfall is expected to reach €9.4 billion ($13.5 billion), and €15 billion in 2010, or roughly 10% of its budget ... Please let me know if you can read this (I have WSJ access).

renter for ever_san jose says

Then there is the issue of incentive. what incentive does a patient have in going to a nurse when the copay is the same whether he goes to a nurse or to a M.D ..nothing. the co-pay is the same. looks like health care is broken from both supply and demand side.

Absolutely a problem. This highlights the issue of why our current insurance system causes costs to spiral, because patients don't use health insurance as insurance (which by definition should cover catastrophic things not day to day charges). Unfortunately IMO, universal care tends to make this a larger problem as now everything is paid for by the government and patients aren't responsible for any of their spend on healthcare. This is why I feel that things like HSAs are the right answer, whereby a patient (or government subsidy) pays for the first X dollars of healthcare. Patients then are inclined to shop around and get the best value for their money. Then at a point once costs go over X dollars, all costs are paid for by insurance. This requires a serious amount of clarity in costs that currently do not exist in our system today.

The Original Bankster says

knewbetter says

Money will be valueless before homes.

BINGO!

Possibly. But let me point out that a house can be a liability where the owner must cough up for maintenance and taxes, where cash in the bank incurs no liabilities. Think Detroit, Buffalo, and even some recently built Cali developments where the houses have low to zero market value, but significant costs to the owner. Homes can have a negative value, but not cash. What did you mean in your earlier post about "Amero?" Do you believe USA and Canada will merge, declare the dollar invalid and issue a new currency? Or do you mean some kind of devalue scheme to invalidate foriegn debt?

The Original Bankster says

knewbetter says

Money will be valueless before homes.

BINGO!

And with all those inflated money, did you see a salary increase?

pinnacle says

We also had a drop of 5 percent in average wages which when spread over the entire workforce equates to several million job losses in terms of lost buying power.

Yep. Unemployment will only slow and reverse when wages decrease to a level where people can be affordably employed. This may not be the loss in buying power you say, since the prices for goods will continue to fall as well.

>> France Fights Universal Care’s High Cost I am not surprised that WSJ is busy finding imperfections in other countries' universal health care, and trying to plant the seeds of doubt with it. Certainly, no health care system is cheap, nor perfect. But we have the worst care and LEAST cost effective system in the western hemisphere. France not being 110% perfect is NOT a valid excuse to do nothing.

Fireballsocal says

A buddy had the same thing happen and ended up losing his deposit. The management sent in the deposit to the home owner then gave him a 14 day notice to vacate. Told him he was SOL on the deposit.

Is that a property manager you are talking about? In most states, the deposit belongs to the tenant, and any witholding of deposit funds must be accompanied by a itemized list, usually within 30 days after the end of tenancy. Landlord and management companies that violate the deposit rules open themselves up to an easy lawsuit.

http://www.rentalforeclosure.com Click on Comments. btw, I wouldn't call the landlord, however, I would forward the NOD onto him/her. If you have questions relative to letters/notices/creditor contacts/ I would write the LL a letter asking for clarification so that I could make plans - after all, we are talking about shelter here. If you choose this route, keep a copy of any letter sent and make a copy of any response received and put into a large envelope or file folder to keep in case things continue to go south. If the property goes to foreclosure, you will need these documents in any case you choose to pursue. Another thing would be to make a photocopy of the NOD ENVELOPE received in your mailbox. DO NOT OPEN IT, merely make a copy of the front of the envelope. One thing: You can file a Small Claims action in Small Claims Court for the amount of your security deposit, should you not get it back due to the foreclosure. Judgments are good for ten years and are renewable. Who knows what sort of money the LL may come into in the future (inheritance, etc)? If you are in California, the documents are online and are self-explanatory. http://www.courtinfo.ca.gov/selfhelp/smallclaims Finally, a number of newer landlords got involved in rental properties during 2001-2007 using funny-money loans. Those loans are probably resetting, which is why there has been an increase in this sort of thing.

justme says

>> France Fights Universal Care’s High Cost I am not surprised that WSJ is busy finding imperfections in other countries’ universal health care, and trying to plant the seeds of doubt with it. Certainly, no health care system is cheap, nor perfect. But we have the worst care and LEAST cost effective system in the western hemisphere. France not being 110% perfect is NOT a valid excuse to do nothing.

Right on dude....WSJ, Goldman Sach, JPM ...These are the parasites that have eaten the america's basic fabric. I knew this great engineer who was so good at doing what he used to do..that is code and design....He started reading WSJ and the story of evil people that it tries to narrate and make them like role models...within 2 years the guy is completely broke...he lost lot of money in the stock market also...and since he stopped putting his time in his core skills he also became a prime candidate for layoffs...

TPB shows exactly why they protest, not because they don't want healthcare - but because they fear becoming a white minority. Pathetic. Here is who these dummies screaming at the town hall meetings are protecting. http://sickforprofit.com/ceos/

Absolutely a problem. This highlights the issue of why our current insurance system causes costs to spiral, because patients don’t use health insurance as insurance (which by definition should cover catastrophic things not day to day charges). Unfortunately IMO, universal care tends to make this a larger problem as now everything is paid for by the government and patients aren’t responsible for any of their spend on healthcare Cannot agree more ! HSA's are the right solution but have come too late in the game. The chicken have come home to roost for insurance companies.They tried to milk the system by never offering HSA's and thus dug thier own grave.When they saw that their days' are numbered , they started HSA's as a last gasp effort....but its too late. Its hard to imagine that a simple thing like mandatory high deductible HSA's can fix the entire health care system but it works. A russian diplomat (from planned economy)was equally amazed when he saw a supermarket and asked " how are you able to plan and deliver so many goods so efficiently ?" no market can be more efficient than a well regulated free market ..period. Health care problems : demand side : Insurance making patients price insensitive. supply side : regulation/red tape/licensing..etc limiting supply of doctors, medical schools Any market will break when both demand and supply side are screwed. We never had a free market in health care !

"This is hilarious …its like saying ” H1b’s won’t affect cost of software development because its the software companies which set the salaries and cost of software products” Economics 101 : more labor supply reduces labor cost." Economics 102 says that Economics 101 is only true in free market system. The entire health system is far from free market. Remind me again when exactly it was that the health insurers passed cost savings back to consumers rather than increasing profits or investing in the stock market? "If you can afford a Caddy, you get a Caddy — but if you can only afford a ‘72 Pinto, then that is what you get. Why should those who can pay for a Caddy be forced to: A) Buy everyone a Caddy, B) Give up their Caddy and get a Pinto forced upon them, C) Do both and pay for it all." That is EXACTLY what most of the univeral health systems around the world are. You get basic health care with the public system and if you want access to the private system then you buy private insurance. You get ACCESS to use the pinto for basic transportation but can move up to the caddy if you want to pay for it. Anyone who has health insurance is paying for the uninsured in the US anyway through increased premiums and taxes. Economics 103: ass, gas, or grass no one rides free. "HSA’s are the right solution but have come too late in the game" Big weakness in HSA's (which are a very good idea) is the question why would the 30-40% of people who don't pay any or minimal taxes participate. The entire premise of HSA's is that the contributions are tax deductible.

Economics 102 says that Economics 101 is only true in free market system. why can't we focus on making health care a free market system ? nobody interested or all parties have vested interest in something else?

staynumz says

Thanks for the input. It is a house that has been in thier family for years. The LL bought it from the mother in law for 179K back in 98. I mean, the house has got to be worth high 3’s now. They have thier primary residence and a thriving business, well it used to be thriving anyway. Not sure how it is doing now. I am thinking they must have took out loans against the rental property and are just going to let it go? Either way, I dont mind paying the rent. I just would like to put off moving for as long as possible. If I can last close to a year, maybe I can be in position to buy something.

Seriously, this is one of the hassles of renting that I like the least. I have been renting for some years now, and at least 2 of those years, with this final year being the most crucial, the rental has been teetering on foreclosure. The creditor's letters that arrive for the property owner, the photos of my Hummer in the drive~way on foreclosure sites and the fact that it would cost me at @ 15k to have a company move me out lock stock and barrel is not something I want to deal with ever again. If the owner were to be foreclosed while I am the tenant, would then force me to move into something temporary and it is not the sort of problem I need. Who does? I considered withholding rent payments and putting them into an escrow account so that I could pay the bank~~but my attorney informed me that I could be sued by the errant landlord and it could affect my credit rating. I have platinum credit and I don't want to screw it up for the sake of a rental. I have kept my fingers crossed and I am due to move into my newly renovated home in @ a month or so. Enough time to deal with the bank if they come and foreclose on the errant owner. Good luck to you on your rental. Hopefully you will be able to stay there and save up your money to take advantage of the bargains in real~estate.

A good question would be to ask why these notices are being sent to your address in the 1st place. Most people don't even see these notices, just a letter from the bank telling them about the forclosure and the "send all rent money to us" notice. Surely the landlord doesn't have your apartment as his primary address?

Anyways else laughing at Sarah idiot hot ass palin's comment on Obama health care plan as evil...Sooner americans take this woman off their political stage, better for America.

This happened to me last summer. I opened the mail by mistake. We don't usually get the landlords mail and I just tore the top off the envelope and started reading before I realized what I was looking at. First of all the Countrywide rep....yeah, Countrywide, ha, ha, was very rude and told me I had absolutely no right to know what was going on. She sneered at me like I was a piece of trash. (Our family income is most likely higher than hers but I rent so I'm sure that possibility never occurred to her) Anyway there was no way they were going to share any status of info with me. Then I called a lawyer. Now that was a very interesting conversation because he became very irritated with me. He told me that opening someone else's mail was a federal offense that I could be put in jail for. He basically told me I had no rights to protect myself. So do you think he owns rental properties? I made a note to myself (its a very small area where everyone knows each other) not to use his office when I did find a house to buy as it was obvious he had difficulty putting aside his own self interests. We haven't seen any more notices. Perhaps Countrwide contacted the owners and made a change of address, or perhaps they only got behind on the mortgage while on vacation. I do know one thing, they've got this thing levered up way beyond its worth. And they have problems paying their bills on time. (A few utility people were glad to chat w/me on the subject) so I'm preparing myself for a security deposit issue.

I'm with misstrial. It really sucks that a ll would screw someone, and I hope that someone isn't you. But I'd be saving $ to move just in case.

Nomo,
I voted for you, and stand by my choice. That you were born in Mombassa doesn't matter much to me, 'cause I'm a useless POS liberal who is unable to pull my head out of my ass long enough to examine the "evidence" that you've presented. I'm going to buy some of your art, tho:

http://www.regmombassa.com/ (look at the pictures, they're pretty cool).

There's also a really cool artist, Scott A. Blackwell, with a site called mombo company. I have one of his cajun pieces.

Democrats - For the not have's, trying to get free rides for them and getting the vote bank. Republicans - Always been for the insurance, drug companies , super rich. Lobbies - Doctors lobby (for limiting supply of doctors - protectionism), drug lobby ( for monopoly and for profits) , insurance ( for profit) Citizens - for Free market ! Lets fight to get the free market which never existed in health care because we ( the common man ) are the only people who benefit from it, not the democrat party, republicans, insurance companies, drug companies or the lobbies.

Real liberals do have a plan. It's called single payer, like the rest of the civilized world. But conservatives in both parties won't even let it come to the floor. And mindless douchebags like yourself are too busy screaming about liberals and Obama to notice that other countries pay less and get more.

@bap33 "End welfare, outlaw insurance" I concur. Generally complicated problems have simple solution. I don't agree when people say that we don't have a silver bullet for health care. There is a silver bullet ""End welfare, outlaw insurance (except medical catastrophy that too with mandatory % deductible)" Other things will automatically be fixed- its called free market - which made US the most powerful nation economically... .and we somehow magically missed to look at the free market option for health care ?