Obamacare Uncontitutional, Hysteria in Bonds, Groundhog Day 2

Good Monday,

News Flash !!! A federal judge declared the Obama administration's health care law unconstitutional Monday, siding with Virginia's attorney general in a dispute that both sides agree will ultimately be decided by the U.S. Supreme Court. 

Bond hysteria rocked the country in the last ten days. Palin and Pelosi, the two P's in a pod, are sinking into irrelevancy (double phew). And there is enough snow in the Minneapolis area to cause the stadium roof to collapse. (Note to my out of area readers - it is 80+ again today here in lalaland.)

I'm not really a football fan (how un-American is that!), but I do know about Bret Favre's iron man record. So what favors (favre's?) did he have to call in to get a snow day. And does anyone know how his name is pronounced - is it Favor, Favro, Faver or does it really matter? And for you football fans who spend countless hours in front of your tv on Sunday, Monday and all the other days, Sports Illustrated clocked the amount of time the ball was in motion in a typical football game. Less than 28 minutes. Really. And that was in the late 60's when the game was faster. Oh well...

When I was a kid, growing up (?) in Winnipeg, there was a slogan on the radio that encouraged winter employment - "Why wait for spring, do it now (when there are men who know how)".  I'm going to paraphrase that slogan and tell you how that slogan applies to the house and mortgage market. I've attached a short video that will show you the price difference between acting now, and buying your new home, or waiting for the market 'to change' . It changed  !! What are you going to wait for now? Another change. You have to be really lucky to pick the bottom of the market. Don't hold your breath! Of course, personally, I'd rather be that lucky and win the Mega Millions lottery ! I'm not holding my breath.

Bottom line is this -- call your friendly realtor today and get on with it. You will need to call me first (818.305.4695) so I can get you approved for your loan now. Sometimes, we need to make sure that you are structured properly to make sure you actually can get the home you want! If you want a great realtor, from San Diego to Eureka, I will have a referral for you.

And we are now in mid December - the month when most major religions have major holidays: Judaism - Hanukkah;  Islam - Hijra-New Year; Christianity - Christmas; and there are several minor observances too. If everyone could get together for a meal, that would be one incredible eating event !

Happy Holidays to all.

Les

And here are Les' Factoids of the Week:

Beaver teeth are so sharp that Native Americans once used them as knives!
Half of your body's water is lost and replaced every 10 days.


Les Berman is a Senior Mortgage Advisor with First California Mortgage. His specialty is residential loans and 1-4 unit investment properties. He can be reached at 818.305.4695 or by email at les@lesberman.com