Temat: COM PLAN How To Save the USA and WORLD

VERY IMPORTANT and time related material!

Time to act is NOW, before the homes prices will plummet another 20% as they did this year!

Each day wasted another 3 families are loosing their homes in Florida!

THE COM - PLAN

THE TURNAROUND USA ECONOMY PROPOSAL & SOLUTION:

The Biggest Problem that we are facing currently is the diving economy, collapsing markets and collapsing real estate prices and existing mortgage market diving down together with home prices.

Solve these and you will save the Nation and the World since the world is following the sickness which started in USA.

Save the US and you will save the world!

The Banks bailout plan activated by Bush administration failed because the Banks used the money to buy other financial institutions and not to provide the loans like it had been intended!

The current plan giving homeowners in default money to pay their mortgage is wrong because it will encourage homeowners currently paying the mortgage payments to default on their payments to get the “easy money”. These solution will only make the problem worse!!! , and will not solve the problem ( like the welfare program).

No money thrown at the banks or at people will solve the problems!!!!!

The COM Plan provides the only working solution which will turn the economy around, NOW.

Will stop the stock market from crashing further,

Will resume confidence in the US economy, will provide the mechanism to stop lowering the prices of the homes,

Will increase the prices of the homes on the market, and because of these will increase value of securities written on the existing mortgages and in turn will stop the banks from failing and will end the crash of the markets, will revive the markets and will increase confidence in US economy and in turn will help to revive the Global economy which is “tied to USA economy like tail to the dog”.

THE PLAN:

The key to turning the economy:

IS TO START SELLING THE HOMES AND REAL ESTATE AT THE INCREASING PRICES PROVIDED BY BIGGER DEMAND THAN SUPPLY!

Which is opposite to what is happening today where supply did overwhelmed dwindling demand .

THE PEOPLE HAVE TO START BUYING THE HOUSES!

The USA people will not do that currently because:

1. They are scared of further home price deterioration
2. The Banks are very scared to loan them the money
3. People and investors are waiting for the “bottom prices”
4. They are scared whether they keep their jobs because of all the negative media and info impact .
5. They don't have the money/savings necessary.
6. Investors will not be actively buying because they wait for the real estate prices bottoming.

SOLUTION:

THE FOREIGN INVESTORS:

1 In Europe and Japan homes cost 3-10 times more than in US.

2 The Europeans want to buy in safe area of the world (USA).

3 They know that the prices will go lower in Europe and in US are close to the bottom at these time, so they have incentive to buy here.

4There is similar picture in all industrialized world so they are millions of potential buyers for USA houses and real estate!

Barack Obama as President and/or his advisers must introduce THE PLAN which will solve the foreigners hesitations and problems with buying houses by them!

Potential Problems foreign investors are facing:

1 Lack of knowledge how easy and beneficial will be for them to buy house/houses in USA

2 Problems with getting visa to USA and problems with renewing it every 6 months by having to leave the country in order to return again to get the visa extension

3 Lack of financing help so it makes necessary for them to buy for cash only

SOLUTION TO THEIR PROBLEMS AND TO AMERICA PROBLEMS:

1 Financing available to FOREIGN BUYERS not on employment records but strictly based on the value of the house (they will pay 40% cash down payment and the bank or if the banks will not like the idea than government sponsored program ( Fannie Mae, Fredi Mac), will provide the loans for foreigners at the current rates. ( This is 100% win- win program: government will loan the money which will be secured by the 40 % cash down payment + value of the home. (I had been asked by Polish investors to find them income rental houses in US and they where prepared to pay cash, so the interest is there, but not all can afford all cash immediately). The 200 Billion dollars set aside for this program will be enough to provide mortgage for roughly 2 million houses bought by foreigners, will turn tables on supply-demand picture, will stop the current reverse mortgage spiral, will create income for the Nation (interest on the mortgages) and will not be a waste of money as the current plans (giveaway to Banks and homeowners)

2) “Green light visa program”: foreigners will receive 5/3 years visa at the time of the purchase and valid only as long as they own the home. Plan with the visa could be renewed yearly and stopped when the prices would go so high that would be difficult for US citizens to afford the homes. These must be done either by President Decree or by the USA Congres.

3. Granting the foreigners home owner tax exemption on their first house for 3 years with possible extension.
4. Campaign in the Europe, Japan and other effluent countries to explain and advertise the advantage of buying homes in USA at the rock bottom prices. Creating government and government/local real estate websites and PR programs promoting the plan. Organizing the charter planes and buying/shopping tours for prospective foreign buyers with possibility of whole or partial payback for the cost of airline tickets (travel to US to buy the house).
These is the only valid plan to end the US and Global crisis and restore the confidence in financial markets and Barack Obama as President and/or his advisors CAN DO IT!

On top of it the plan will not cost US taxpayers any money and increase post election voter confidence and approval!

I will be happy to discuss further THE COM - PLAN and provide further assistance with exploring and than implementing it.

Kris Manczarski, PhD,
“The man who cares”Krzysztof Manczarski edytował(a) ten post dnia 09.03.09 o godzinie 08:26