Let’s get straight to the heart of the matter:
Issue #1: Would it bother you if you learned that the Obama administration has specifically targeted investors like you and me for massive tax hikes? These tax hikes apply only to investors and nobody else… Because you are an investor, you have specifically been targeted by this administration for financial penalization and increased government control of your business! (More about this to come…)
Issue #2: And would it bother you if you learned that the Obama administration has written regulations that make it illegal for you to sell any of your property via seller financing without first passing a government-created test and being registered with the federal government? That’s exactly what’s happening, and all current information suggests these new regulations will take effect on July 1, 2010. Again, because you are an investor, you have specifically been targeted by this administration for financial penalization and increased government control of your business! (More about this to come…)
Issue #3: And how does it make you feel that the Democrat-controlled U.S. House of Representatives has already passed a bill that will require that every home in America – including your personal residence, and every investment property you own or acquire in the future – will have to pass a government inspection and certification before your home can be sold to any third party? Obama has stated with perfect clarity that when this “cap and trade” bill passes the U.S. Senate, he will sign it into law. The net effect is that your private property is no longer really yours, because you will not have the authority to do with it as you please, nor will you have the right to sell the property to any willing buyer. Let me repeat: Because you are an investor, you have specifically been targeted by this administration for financial penalization and increased government control of your business!
If you’re getting the impression that this administration is doing all it can to insert itself into YOUR investing business, and to minimize your income through excessive regulation and high taxation, you are 100% correct.
I’ll give you some more details about these issues in the coming days. I’ll also respond to those who have legitimate, good-faith questions and comments about these issues. And for those who support these initiatives due to blind loyalty to the Democrat party, your comments are welcomed too. Nothing illustrates insanity like the actions of the insane.
Watch this blog over the coming days for some very specific details about these attacks on real estate investors by the Obama administration. And of course, your comments are thoughts are welcomed here in the space below. Thanks for reading http://realestate.BryanEllis.com!
What else could be expected from the King Obama, the Queen Pelosi and that lovable Court Jester Reid.
“Would it bother you if you learned…”
Yes it would and yes it does. Unlike many, though, I’m not just sitting here being bothered and watching my property rights be taken from me. I’m raising Almighty Hell about it!
I commented on the proposal to stop owner financing, and even wrote my Congressman about it. I’ve written dozens of letters of protest over this and other usurpations to many government officials.
I realize many people can’t afford to make substantial political contributions, or finance lawsuits, but we can all afford to raise hell about the things we disagree with. Please join me!
Robert J. O’Toole
You are right on the money
I spend so much time raising hell that it’s tough to focus on business anymore. Democrat party needs to be dismantled. Obama needs to get the boot but good before he begins steps to swallow up all the nation’s real estate, which is what I think he wants to do. De-incentivize investors; keep the economy in the tank; more job losses; more foreclosures that investors will no longer want. Here comes Uncle Sam Dostoevsky. KEEP YOUR EYE ON NOVEMBER.
The Dirt Diva
I am a hell raiser as well. Please tell me where do I start. Who do I write to and where? I am so tired of this. I’m sure there are others as well.” WE the people” must organize. ” WE the people” must stop this. “WE the people” have to stop whining like little Bit**s and do something. I don’t blame Obama (to a point) . I blame his blind followers who have no concept of what freedom is and how we achieved it and when it’s being taken away. When you support blindly and not know what you support, then you are to blame as well. WAKE UP!!!! Read the fine print stop looking at it in black and white (no pun intended, although it fits) Dig into the details. Don’t just read what Bryan writes. Research it for goodness sake. The internet gives you everything you need to make your own opinions. Bryan’s blog is a starting point. “WE the people ” must educate ourselves and stop this.
I am not familiar with the proposed legislation of which you are speaking. I will say however that every state already has usury laws in place. This is neither a new concept nor an unwise one, particularly in the wake of the near collapse of the US economy of which “bad” lending was a major catalyst.
Unfortunately unscrupulous individuals and entities make regulation a necessary evil.
As for issue # 3, I have not heard of this, but it does concern me… however your wording baffles me a bit. Who is this third party to which I would sell a home, and what happened to the second party?
I am a follower of you, and although what your saying may be true.
I feel like that you are a bitter republican, that just doesn’t wanna see obama n office for other reasons also. Give the man a chance, he can’t do any more damage than Bush, a republican caused.
I know crazy me… We REI’s need to write every representative at every level from city, county, state, and congress. We are the only people to blame, because we allowed our government to pass this crap. Tea party or whatever party, we need to take back our government.
Get out and vote, get on your box and shout.
While everyone was looking at Congress, “House passes Wall Street Reform Act HR 4173;” Texas was slipping in a harsh change including Mortgage Reform Provisions of HR 1728 Regulating Owner Financing.
As long as my heart beats, and I take breath, I will fight for individual rights established in our Constitution.
If these allegations are true, they would indeed be of major concern. However, please cite and LINK to the bills, executive orders, whatever so that we can examine them directly.
After all, a “I heard about…” story isn’t credible. Without citations and links, it’s like an urban myth. Like the “black UN helicopters” and “FEMA concentration camps”.
Does Obama think people are stupid ? But what besides complaining can investors do to get around this problem?
Hey Bryan,
You know me, and you know that I’m not a “party” guy (voted for both Blue and Red in my past)…but I’m curious to get your take on the cover of Business Week (April 19th issue).
Take a look….
Your friend,
Justin