This is a "lease back" and became an illegal practice in Illinois while Obama was a senator here.

Furthermore, it's interesting how Obama won't respond to the fact that so man charity organizations are now hurting because one of their main revenue streams was getting beater/clunkers and reselling them for a profit.

I figure, if inflation or crash or whatever, I want all my wealth to be in physical assets, and assets that I actually want to own, that can be productive, and can be traded. even in a great economy, that makes sense.I want to hedge my bets to work, 100% certain if possible, not to risk. and diversified.used to be wealth was productivity and multiplication, still is for businesses. look at nature, seeds, animals, look how everything multiplies.now we work to pay recurring bills, it really is quite opposite. but people are getting paid those bills so it depends on which side you're on.yes wealth can be created. please write obama and explain that.

The Republican’s stance may also put him in line with President-elect Barack Obama, who said yesterday that “we’ve got to start helping homeowners in a serious way.†“More needs to be done,†Bernanke said in a speech to a Fed research conference on housing and mortgage markets in Washington today. “Policy initiatives to reduce the number of preventable foreclosures should be high on the agenda.†The government could buy “delinquent or at-risk mortgages in bulk,†then refinance them through the federal Hope for Homeowners program, Bernanke said.

As I wrote on my blog today about preparing for the Obama Coronation in January, the truly wealthy pay only as much tax as they choose to pay.

The refi of up to 105% is part of the Obama housing relief plan.

So, might as well keep it.I worry that Obama might discover that potential tax money is going uncollected and get the law changed to eliminate that home-owner's primary residence exemption.Yes, moving is a pain, but if it puts an additional $100k in my pocket, what the heck, I'll move for $100k.

And no - I won't ask you to leave this thread if you dare to dissent from Obama or dare to agree with him.

I've actually had a bank 'discover" that I transferred to LLC on 3 occasions because they wanted me to refi using one of Obama's programs.

I'm not paying any utilities, so those amounts need to be backed out.Another thing in my area is that some offices require the landlord to provide a stove and fridge and others don't.As far as the longevity of the Section 8 program, I don't think Obama will do anything to end it.