Sympathy for the Devil

That really is one of my favorite songs. But that’s beside the point.

Today I’m talking politics (I know….here we go again). Since last week’s post on Obama’s foreclosure prevention program, friends have come down on my pretty hard. It appears that a good chunk of my friends are one of two things:

1 – in agreement with me but felt no need to preach to the choir, so they felt no need to comment/email.

2 – complacent (highly unlikely in that opinionated lot)

3 – bleeding heart liberals (this is Massachusetts, after all).

Funny, although I never considered myself a liberal of the bleeding-heart persuasion, I do find I’m distancing myself from that direction as I get older.

Anyway, certain articles I’ve since read (thanks to friends emailing them to me) have given me a better understanding of this package. In the end, I still disagree with it, though many valid points were made that I’d not considered before. Unfortunately, there still wasn’t enough to convince me of the fairness of the plan (responsibility=no reward, irresponsibility=reward).

So, I guess I do have sympathy for the devil (the devil being the foreclosure plan). I may not agree with it, but I can understand how it could possibily help. And doing something is better than doing nothing, I suppose.

But even with real estate prices in the state dropping by 20% or so (as stated in the Boston Globe the other day), i’m still shocked to see that condos in the metro Boston area (specifically, Cambridge, Somerville, Arlington, Back Bay, Beacon Hill, Waterfront) are still going for $400 – $600K for just a decent 2 bed/2bath unit. The “nice” units/homes are selling for even more than that.

What a Difference a Day Makes!

OK, maybe not so much a day, but two months. After our usual game night on Friday night (thanks to Brett we learned a new game: Apples to Apples) Randy and I headed to the Cape on Saturday to celebrate my father’s 80th birthday.

The last time I saw him was at Christmas, shortly after his second round of pneumonia and before being diangosed with two new diseases (hyperthryroidism and diabetic neuropathy). Consequently, he was collapsing, slurring his words, and unable to think straight. To be brutally honest, it was completely frightening and I had fears he wouldn’t even make it to his birthday (let alone next Christmas).

Well, a correct diagnosis, an adjustment in medications, and some hospital and rehab time and my father is the same as he was before. A complete transformation. It’s wonderful.

But that also means that he’s back to his old self…asking non-stop questions about the computer and his iPod. It can be exhausting, but i think I’d much rather have that than to not have him around at all.

Anyway, after returning to Boston (I mean, Somerville) Randy and I went straight to the gym. Worn out after all of the entertaining I’d been doing over the past few weeks (we were either staying with people or having people stay with us for nearly every single weekend since the year began), I had to bail on an Oscar party last night. Randy, always the trooper, went without me.

Give Me a (Financial) Break!

No, seriously! If the government is in hand-out mode I want part of the action. Unfortunately, I’m responsible. I didn’t purchase my homes with no money down and 100% financing. I didn’t purchase a home twice as large as I needed. I didn’t purchase a home twice as expensive as I could afford.

Now, I know I always interpret these things wrong, but from what I gather, this new “Homeowner Affordability and Stability Plan” will make lenders reduce your mortgage amount to 38% of your annual income if you’re having trouble paying your mortgage. Then another 7% will be matched by the government so that borrowers are paying a maximum of 31% of their income on the mortgage. In addition, if you pay on-time/in-full for 5 years, you will get a $1,000 bonus each year.

So, let me get this straight: you act irresponsibily, then get your mortgage payments reduced to unfairly low rates (for this region). On top of that, you’ll get a $5,000 bonus? Oh, and you can still claim the interest paid on your tax return?

Sign me up! I’d like a McMansion in Weston, please. Preferably something with a pool and/or hot tub. There are only two of us so i think we’ll need a minimum of 4 bathrooms and 6 bedrooms.

Give me a break. I’m all for packages to boost the economy. But this seems completely unfair. Hell, a rental apartment in Boston typically costs more than 31% of your annual income. Shouldn’t renters then get the discount, too? Maybe we should cap rents based on salary. Again, I’ll take the luxury hi-rise 4-bedroom penthouse unit that previously rented for $4,500/month please. You wouldn’t mind adjusting that monthly rent by a couple of grand, would you?

I’m not an economist. I’m not a politician. Hell, I’m not even smart. Buy why can’t the mortgage lenders simply adjust the mortgages from 30 year loans to 50+ year loans? While they’re at it, they could possibly reduce the interest rate. This way, the bank still gets the money it was promised and the buyer still pays the amount they agreed to. And in a few years when the economy rebounds, the borrower can refinance to a shorter term and/or sell for a profit.

But I’m 100% against lowering the amount of the money people borrowed. And speaking of the borrower selling the property in a few years….are there any rules on that? Is it fair for the seller to keep the profit after they were GIVEN tens of thousands of dollars of our tax money?

UGH – I’m disgusted.

Stop Yelling At Me!

Sheesh, I don’t blog for a few days and the emails come pouring in (yet, people STILL don’t leave comments on the actual blog…perhaps if I got more comments, I’d post more frequently?).

Anyway, it’s been a busy (long) weekend entertaining my friend, Mark. He arrived from Paris on Friday afternoon. That night, we ordered wings and did our usual Friday night games with Chris and Pete. On Saturday morning, we brought Mark to Costco and Target to stock up on necessities that are difficult, and expensive, to come by in France. Then Mark’s friend, Brett, joined us for a day trip to Salem.

That night, it was more games and more food.

On Sunday Mark and I attempted to go to the Gibson House Museum in the Back Bay, but missed the tour by 5 minutes. Instead, we had just walked around, had lunch, and got ice cream. That night, we got together with our friends, Jason and Bryan. They prepared a yummy meal and then we played more games. There sure seems to be a significant thread of “food” over the course of this weekend, huh.

On Monday, which was a holiday for me, Mark and I headed back into the city for more shopping and eating. Last night, we got together with Brett again, his partner Greg, and Ben and Brad. After even more card games, we all went to RedBones for dinner.

Now it’s Tuesday, and I’m exhausted. We have one more dinner tonight (probably Wagamama) with Ben and Brad, then mark heads to New York City tomorrow for the rest of his trip.

And after all this Randy expects me to go to the gym tomorrow night? He’ll be lucky if I’m stil awake at 7PM.

Let Me Entertain You

My friend, Mark, arrives from Paris this afternoon. This will be his second visit to Boston (both during the crappiest weather times of year). At least this time it’s supposed to be bright sunshine every day (albeit a bit chilly).

We only have a few plans set in stone (wings and cards tonight…the usual Friday night), dinner Sunday night with Bryan and Jason, and dinner Monday night with Ben and Brad. Other than that, we’ve left the schedule pretty open. Now that the sidewalks are no longer icy, we were thinking a nice trip up to the North Shore would be nice (McIntire Historic District in Salem, Marblehead, Crane Estate, Hammond Castle).

Who knows. I used to be such a good tour guide/host in my youth. But back then I lived in the city and could just walk out my door and show people the history and architecture in Boston. Now that I live a bit out of the way (not walkable to anything) it seems I’m guiding people on tours outside the actual city. For example, we may show him Costco tomorrow morning (don’t mock me…he actually requested it).

Anyway, if any of you have ideas of places to see or things to do, leave it in the comments!

Stimulate My Package

Ok, I’m a bit perplexed about my taxes. Instead of hiring a CPA, I’ll just solicit answers from the world at large.

Last year I was eligible to receive one of those stimulus package rebates. Now, I was under the impression that those were designed to stimulate the economy by having you spend it. I also thought it was associated with my 2007 taxes, not the current year (at the time) of 2008.

Anyway, I was preparing my taxes last night using a tax software program and throughout the process, your refund amount (based on the numbers you’d entered so far) appears on the top right. It goes up and down each time you enter something new (interest from banks, etc…). Well, I got to the page that discussed the tax rebate from last year. It said to enter what the government gave me. I did.

…AND MY TAX REFUND FOR THIS YEAR WAS REDUCED BY THAT AMOUNT!

I don’t get it. How did that stimulate the economy? It was basically the government saying “here’s some money.”…then 6 months later saying “Psyche – I was only kidding!”

So where was all this fuss about how this rebate would cost the country so much money if they were just going to be taking it back, dollar for dollar, a few months later? And how does that help the everyday person who was expecting a much larger refund at the end of the year?

I mean, I was against the rebate checks in the first place (as I was the first time Bush did it in 2001). So I suppose it seems rather hypocritical of me now to complain about having it taken away.

But I’m wondering if I’m doing my taxes wrong somewhow. I mean, essentially this rebate did nothing for me. It slipped into my hands and then the exact same amount slipped right back out. I guess in my mind it was supposed to be like the bail-outs the corporations are getting.  Do they have to pay it back?

Anyway…if anybody knows what the story is, please let me know. I don’t have the energy to check out the IRS website. Besides, comments from online readers are usually much more interesting, filled with rants and sarcasm that you simply can’t find on those stuffy government websites.

Vegetables: Good and Bad

I generally love vegetables: cauliflower, broccoli, carrots, grean beans, peas, asparagus, zuchini, okra. You name it, and chances are I like it: steamed, baked, or raw.

But there’s another vegetable that I’m not so fond of. This isn’t one you eat, it’s one you become. After a  whirlwind weekend getaway to San Francisco, the three hour time difference screwed up with my system. Making matters worse, our return flight was the red eye, leaving San Francisco at 11:25PM (though it didn’t leave until nearly 12:15 in the morning) and arriving in Boston around 8:15 this morning.

We quickly dropped off luggage at the house, showered, and headed back out the door to work.

And that’s where I am now. In a semi-vegetative state not quite sure if I’m in the here and now or the there and later. I noticed in my office fridge that I’d left an energy drink (free sample from the gym) in there some time back. Now might be as good a time as any to pop it open and see if it works.

Oh, and we had a great trip in California. But I’ll write about that tomorrow when I can better guarantee my sentence structures will be logical.

A Reason Randy Shouldn’t Want Me Going to the Gym

Randy forced me to go to the gym last night. I hadn’t gone in weeks (not since my cold kicked in over two weeks ago). I’ve occasionally used my Wii Fit during this time, but I am the first to admit that i’ve not stepped foot in the gym in ages.

And Randy should be happy about that after what happened last night! Things started out normally, with us using the nautilus equipment (I think that’s what it’s called) and then moving on to the cardio equipment for 30 minutes on that step/treadmill/ski thingie.

Since Randy had packed my gym bag (at the last minute since I hadn’t planned on going to the gym), he’d placed my bathing suit in there. It was his way of hinting that he wanted to use the hot tub after we worked out. Now, I’m all for hot tubs. I’d love to get one for our backyard. I love the idea of the outside temperature being 20 degrees and then sliding into a 98+/- degree pool of bubbling water with the one I love. Even better if it’s snowing while we’re in it.

I am not, however, fond of working up a massive sweat on exercise equipment only to then add more heat to the situation by jumping in a hot tub. Yet that is what I did last night. After leaving my glasses in my locker (since they’d fog up) Randy and I sat side by side chatting mostly about his work (and the economy). There were a few other people in there (2 men and 1 woman). Across from me was one of the men. He would occasionally submerge his whole body up to his head (unlike me who sat on the seat/ledge in the water). Anyway, as he lowered himself for submersion, his foot brushed against mine. Thinking nothing of it, I just slide my foot a bit to the side.

Then it happened once more. Again, I’d slide my foot slightly to the other side. I wasn’t trying to be obivious about it (I didn’t want to appear rude or act as if I was freaking out because somebody accidentally bumped my foot). I wasn’t even looking at the guy…I was facing Randy and chatting with him.

Anyway, this started happening repeatedly. And only then did it dawn on me that this was what gay men call flirtation. Soon after, Randy and I got up to head to the showers. I told Randy what was happening and he said he’d picked up on it (from the beginning…he’s a sharp tack, that Randy).

Now, because I didn’t have my glasses on, I was almost completely blind. It’s true…I can see shapes (I could tell there was a man across from me in the hot tub) but I couldn’t tell you at all what he looked like. Was he like Brad Pitt? Or was it more like Mr. Magoo? I will never know. But from what I could tell from a brief squint at the end as we were leaving he was an older gentleman (early 60’s?) in fairly decent shape.

We got to the showers and cleaned up. As we were towel drying, Randy noticed that Mr. Hot Tub Man was there and had opened his shower curtain enough to a) watch us and b) allow himself to be watched. Again, my glasses were in the locker and I noticed none of this until Randy pointed it out. Even then, all I could see was a black strip where the shower curtain wasn’t closed completely. I couldn’t even see a human behind it. Had Randy not told me, i’d have thought the shower was empty).

Anyway, we finished drying off, got dressed, and left.

This was the second time something like this happened to me at the gym. The first time was a month or so ago when we were (again) toweling off after showering and a man in a nearby shower had his shower curtain open and kept splashing me. Of course, my instinct was to think it was accidental. Randy pointed out that it was most definitely intentional.

And yet again, being without glasses, I missed the whole thing.

Note to self: start wearing contact lenses to the gym.

 

Isn’t That Counter-Productive?

I’m a bit perplexed about something. Back in the good ole’ days, when Americans weren’t buying McMansions and didn’t feel the sense of entitlement that they do today, people would put 20% down to purchase a home or a condo. The rest would be financed.

As the economy soared in the 1990’s and 2000’s, that threshold was reduced to 10% and 5%. As real estate prices skyrocketed to absurd levels, mortgages were offered with no money down. Now, I’m the first to admit that I find that insane. And, quite frankly, I feel no sympathy towards the people who purchased homes well beyond their means when they couldn’t even prove themselves capable of saving enough money to put down even a modest down payment. I mean, come on, the fact that you had no money saved to even purchase a residence in the first place should be the biggest warning sign to any lender that you’re not ready for ownership.

Anyway, although I find “no money down” to be absurd, in areas of the country where real estate is rather high (northeast, west coast, etc…) I can understand requiring 10% down.

But now with banks no longer lending as freely as they once did, and the economy effectively in the shithole, banks are increasing the down payment requirement to 25% for condos. TWENTY-FIVE percent! That’s insane. Considering Boston area condos start in the $200K range and can go for as much as $500K for a decent 2 bedroom place (even in areas like Somerville, Medford, and Arlington), this means some people will need to have $50,000 to $125,000 (or more) in cash up front.

Add to that the fact that you should keep a reserve of 3-6 months worth of expenses in savings, and this is going to severely limit the ability of many (if not most) people to purchase a new residence. I thought the whole purpose of these stimulus packages was to increase bank lending and increase purchasing? If somebody has 10% ($50,000 in cash), plus 6 months in reserves, plus a solid job, plus a stellar credit rating….shouldn’t they be able to buy?

I don’t think there should be exceptions to the rule…that’s how this whole mess started. But is it too much to ask to just implement some realistic rules in the first place?

Meteorology Addict

Meteorologist was one of the career choices I had as a kid. In no particular order, I either wanted to be a chef, architect, meteorologist, cartographer, or bus driver (don’t ask). So it goes without saying that I like to eat, I enjoy looking at buildings, I could study maps for hours, I’m a big proponent of public transit…and I’m addicted to watching the weather on the news.

Since late last week the local forecasters have ben predicted a storm of sorts today. And for the first time in ages (since effective computer technology/forecasing has become available) they simply could not pinpoint this storm. It’s gone from huge storm to possible rain, to possible near-miss, to big storm again. In some ways, it all excites me. I get all worked up over it, I eagerly await the updated weather forecast. But at the same time it annoys me; this is New England and we get storms…so stop sensationalizing it as if it’s the storm of the century.

Still, you can guarantee that every night at 10:28 Randy (who is as much of a weather freak as I am) and I will stop what we’re doing and watch the local weather. Hell, it doesn’t even have to be local. We’re both fascinated that London got 6 inches of snow yesterday (even Paris and Milan were hit by the storms). Volcanoes in Alaska and Japan? Also catching our attention. Granted seismic activities aren’t necessarily weather, but it seems that all meteorological geeks I know are into both.

Anyway, I’m glad this storm is today since we are flying to San Francisco in two days and I’d like a smooth flight, thank you very much.