The facts about removing odor from the fridge
By Brian Clark Howard
Related topics: How-To, Cleaning More from The Daily Green News blog.
The nontoxic, natural cleaning powers of baking soda have been known for generations, and many people leave a box of the stuff in their refrigerator to try to fight odors. But many of us aren't using it correctly. There are some things you should know about how baking soda works to get real results and the best value for your money.
Baking soda, which is really 100% sodium bicarbonate, eliminates odors by neutralizing strong acids and stabilizing strong bases – the root causes of most bad odors.
According to Leslie Stein of the Monell Chemical Senses Center in Philadelphia, there aren't any real-world studies that prove the odor-eating effectiveness of baking soda, but there are reams of anecdotal evidence and lessons from the lab.
To get the most out of baking soda, follow these three guidelines.
1. Replace it often
Most of us leave an open box of baking soda in the fridge for months, if not years. But experts recommend changing out a fresh box every one to three months.
Baking soda neutralizes odors by turning them into inert crystalline salts, according to Ray Brown, a research and development scientist with Church & Dwight, the company that makes Arm & Hammer. Over time, the salts build up (that's the crust that develops on the top) and baking soda loses its effectiveness. Brown says the odors work their way through the box, and stirring it up doesn't really help.
After its odor-fighting ability is exhausted, the used baking soda will still have enough power to use for cleaning counters, trash cans, or drains, Brown says, but don't use it for baking or personal care.
[ Related: DIY Green Cleaning Recipes Using Baking Soda and Other Simple Ingredients ]
2. Open the box in the right location
It's critical that the baking soda powder actually come in contact with the odors. Tear off the box top, and make sure that airflow around the baking soda isn't restricted by a shelf or other items in the refrigerator.
The best bet is to place an open box as close as possible to the refrigerator's fan.
"Baking soda is not like a fragrance, which goes into the air to cover up odors," says Brown. "Baking soda reacts with the bad odors. When the fridge door is closed, air is circulating past the baking soda, and odors are continually removed."
[ Related: Six Surprising Sources of Indoor Air Pollution ]
3. Use the right tool for the job
If baking soda isn't working on a tough odor, or if you want to get rid of all odors, including chemically neutral ones like fruity or floral scents, try activated carbon (sometimes called activated charcoal). This material is treated to make it extremely porous, like a sponge for the air, so it can absorb a large amount of odor – but it still must be replaced.
Activated carbon is used in water filters, shoe inserts, cat litter, and fish tanks, and can be purchased at pet stores or ordered online. The downside? It's not as widely available as baking soda, and it costs more (about five times as much, per pound.) So most of the time, you'll be better off sticking with baking soda
Sunday, October 24, 2010
Top 6 Mortgage Mistakes
Top 6 Mortgage Mistakes
by Mark Riddix
During the 2007-2009 financial crisis, the United States economy crumbled because of a problem with mortgage foreclosures. Borrowers all over the nation had trouble paying their mortgages. At the time, eight out of 10 borrowers were trying to refinance their mortgages. Even high end homeowners were having trouble with foreclosures. Why were so many citizens having trouble with their mortgages?
More from Investopedia:
• 5 Steps to Attaining a Mortgage
• Top 8 House-Hunting Mistakes
• Financing For First-Time Homebuyers
Let's take a look at the biggest mortgage mistakes that homeowners make.
1. Adjustable Rate Mortgages
Adjustable rate mortgages seem like a homeowners dream. An adjustable rate mortgage starts you off with a low interest rate for the first two to five years. They allow you to buy a larger house than you can normally qualify for and have lower payments that you can afford. After two to five years the interest rate resets to a higher market rate. That's no problem because borrowers can just take the equity out of their homes and refinance to a lower rate once it resets.
[Click here to check home loan rates in your area.]
Well, it doesn't always work out that way. When housing prices drop, borrowers tend to find that they are unable to refinance their existing loans. This leaves many borrowers facing high mortgage payments that are two to three times their original payments. The dream of home ownership quickly becomes a nightmare.
2. No Down Payment
During the subprime crisis, many companies were offering borrowers no down payment loans to borrowers. The purpose of a down payment is twofold. First, it increases the amount of equity that you have in your home and reduces the amount of money that you owe on a home. Second, a down payment makes sure that you have some skin in the game. Borrowers that place down a large down payment are much more likely to try everything possible to make their mortgage payments since they do not want to lose their investment. Many borrowers who put little to nothing down on their homes find themselves upside down on their mortgage and end up just walking away. They owe more money than the home is worth. The more a borrower owes, the more likely they are to walk away.
3. Liar Loans
The phrase "liar loans" leaves a bad taste in your mouth. Liar loans were incredibly popular during the real estate boom prior to the subprime meltdown begining in 2007.
Mortgage lenders were quick to hand them out and borrowers were quick to accept them. A liar loan is a loan that requires little to no documentation. Liar loans do not require verification. The loan is based on the borrower's stated income, stated assets and stated expenses.
They are called liar loans because borrowers have a tendency to lie and inflate their income so that they can buy a larger house. Some individuals that received a liar loan did not even have a job! The trouble starts once the buyer gets in the home. Since the mortgage payments have to be paid with actual income and not stated income, the borrower is unable to consistently make their mortgage payments. They fall behind on the payments and find themselves facing bankruptcy and foreclosure.
4. Reverse Mortgages
If you watch television, you have probably seen a reverse mortgage advertised as the solution to all of your income problems. Are reverse mortgages the godsend that people claim that they are? A reverse mortgage is a loan available to senior citizens age 62 and up that uses the equity out of your home to provide you with an income stream. The available equity is paid out to you in a steady stream of payments or in a lump sum like an annuity.
There are many drawbacks to getting a reverse mortgage. There are high upfront costs. Origination fees, mortgage insurance, title insurance, appraisal fees, attorney fees and miscellaneous fees can quickly eat up your equity. The borrower loses full ownership of their home. Since all of the equity will be gone from your home, the bank now owns the home. The family is only entitled to any equity that is left after all of the cash from the deceased's estate has been used to pay off the mortgage, fees, and interest. The family will have to try to work out an agreement with the bank and make mortgage payments to keep the family home.
5. Longer Amortization
You may have thought that 30 years was the longest time frame that you could get on a mortgage. Are you aware that some mortgage companies are offering loans that run 40 years now? Thirty five and forty year mortgages are slowly rising in popularity. They allow individuals to buy a larger house for much lower payments. A 40-year mortgage may make sense for a young 20-year-old who plans to stay in their home for the next 20 years but it doesn't make sense for a lot of people. The interest rate on a 40-year mortgage will be slightly higher than a 30 year. This amounts to a whole lot more interest over a 40-year time period, because banks aren't going to give borrowers 10 extra years to pay off their mortgage without making it up on the back end.
Borrowers will also have less equity in their homes. The bulk of payments for the first 10 to 20 years will primarily pay down interest making it nearly impossible for the borrower to move. Besides, do you really want to be making mortgage payments in your 70's?
[What It Takes to Get a Loan]
6. Exotic Mortgage Products
Some homeowners simply did not understand what they were getting themselves into. Lenders came up with all sorts of exotic products that made the dream of home ownership a reality. Products like interest only loans which can lower payments 20-30%. These loans let borrowers live in a home for a few years and only make interest payments. Name your payment loans let borrowers decide exactly how much they want to pay on their mortgage each month.
The catch is that a big balloon principal payment would come due after a certain time period. All of these products are known as negative amortization products. Instead of building up equity, borrowers are building negative equity. They are increasing the amount that they owe every month until their debt comes crashing down on them like a pile of bricks. Exotic mortgage products have led to many borrowers being underwater on their loans.
The Bottom Line
As you can clearly see, the road to home ownership is riddled with many traps. If you can avoid the traps that many borrowers fell into then you can keep yourself from financial ruin.
by Mark Riddix
During the 2007-2009 financial crisis, the United States economy crumbled because of a problem with mortgage foreclosures. Borrowers all over the nation had trouble paying their mortgages. At the time, eight out of 10 borrowers were trying to refinance their mortgages. Even high end homeowners were having trouble with foreclosures. Why were so many citizens having trouble with their mortgages?
More from Investopedia:
• 5 Steps to Attaining a Mortgage
• Top 8 House-Hunting Mistakes
• Financing For First-Time Homebuyers
Let's take a look at the biggest mortgage mistakes that homeowners make.
1. Adjustable Rate Mortgages
Adjustable rate mortgages seem like a homeowners dream. An adjustable rate mortgage starts you off with a low interest rate for the first two to five years. They allow you to buy a larger house than you can normally qualify for and have lower payments that you can afford. After two to five years the interest rate resets to a higher market rate. That's no problem because borrowers can just take the equity out of their homes and refinance to a lower rate once it resets.
[Click here to check home loan rates in your area.]
Well, it doesn't always work out that way. When housing prices drop, borrowers tend to find that they are unable to refinance their existing loans. This leaves many borrowers facing high mortgage payments that are two to three times their original payments. The dream of home ownership quickly becomes a nightmare.
2. No Down Payment
During the subprime crisis, many companies were offering borrowers no down payment loans to borrowers. The purpose of a down payment is twofold. First, it increases the amount of equity that you have in your home and reduces the amount of money that you owe on a home. Second, a down payment makes sure that you have some skin in the game. Borrowers that place down a large down payment are much more likely to try everything possible to make their mortgage payments since they do not want to lose their investment. Many borrowers who put little to nothing down on their homes find themselves upside down on their mortgage and end up just walking away. They owe more money than the home is worth. The more a borrower owes, the more likely they are to walk away.
3. Liar Loans
The phrase "liar loans" leaves a bad taste in your mouth. Liar loans were incredibly popular during the real estate boom prior to the subprime meltdown begining in 2007.
Mortgage lenders were quick to hand them out and borrowers were quick to accept them. A liar loan is a loan that requires little to no documentation. Liar loans do not require verification. The loan is based on the borrower's stated income, stated assets and stated expenses.
They are called liar loans because borrowers have a tendency to lie and inflate their income so that they can buy a larger house. Some individuals that received a liar loan did not even have a job! The trouble starts once the buyer gets in the home. Since the mortgage payments have to be paid with actual income and not stated income, the borrower is unable to consistently make their mortgage payments. They fall behind on the payments and find themselves facing bankruptcy and foreclosure.
4. Reverse Mortgages
If you watch television, you have probably seen a reverse mortgage advertised as the solution to all of your income problems. Are reverse mortgages the godsend that people claim that they are? A reverse mortgage is a loan available to senior citizens age 62 and up that uses the equity out of your home to provide you with an income stream. The available equity is paid out to you in a steady stream of payments or in a lump sum like an annuity.
There are many drawbacks to getting a reverse mortgage. There are high upfront costs. Origination fees, mortgage insurance, title insurance, appraisal fees, attorney fees and miscellaneous fees can quickly eat up your equity. The borrower loses full ownership of their home. Since all of the equity will be gone from your home, the bank now owns the home. The family is only entitled to any equity that is left after all of the cash from the deceased's estate has been used to pay off the mortgage, fees, and interest. The family will have to try to work out an agreement with the bank and make mortgage payments to keep the family home.
5. Longer Amortization
You may have thought that 30 years was the longest time frame that you could get on a mortgage. Are you aware that some mortgage companies are offering loans that run 40 years now? Thirty five and forty year mortgages are slowly rising in popularity. They allow individuals to buy a larger house for much lower payments. A 40-year mortgage may make sense for a young 20-year-old who plans to stay in their home for the next 20 years but it doesn't make sense for a lot of people. The interest rate on a 40-year mortgage will be slightly higher than a 30 year. This amounts to a whole lot more interest over a 40-year time period, because banks aren't going to give borrowers 10 extra years to pay off their mortgage without making it up on the back end.
Borrowers will also have less equity in their homes. The bulk of payments for the first 10 to 20 years will primarily pay down interest making it nearly impossible for the borrower to move. Besides, do you really want to be making mortgage payments in your 70's?
[What It Takes to Get a Loan]
6. Exotic Mortgage Products
Some homeowners simply did not understand what they were getting themselves into. Lenders came up with all sorts of exotic products that made the dream of home ownership a reality. Products like interest only loans which can lower payments 20-30%. These loans let borrowers live in a home for a few years and only make interest payments. Name your payment loans let borrowers decide exactly how much they want to pay on their mortgage each month.
The catch is that a big balloon principal payment would come due after a certain time period. All of these products are known as negative amortization products. Instead of building up equity, borrowers are building negative equity. They are increasing the amount that they owe every month until their debt comes crashing down on them like a pile of bricks. Exotic mortgage products have led to many borrowers being underwater on their loans.
The Bottom Line
As you can clearly see, the road to home ownership is riddled with many traps. If you can avoid the traps that many borrowers fell into then you can keep yourself from financial ruin.
Wednesday, October 20, 2010
"Mirror Image", Puzzle of Life- Poems by Debbie Camp
"Mirror Image"
I stand before you mirror
And begin to reach inside
My hand ventures through
So fast it glides
Into a world that reflects
The wishes,dreams and hopes
And artistic intellect
I dive right in
And kiss this world goodbye
As I take off the blindfold to reveal my eyes
That sparkle and shine
With delight
A world of acceptance
Comforting as the wind
Holds and caresses
My bare shoulders
As it whispers in my ear
"Debbie there's nothing to fear"
I'll always be here
For I am your soul
I was always in you
Only you got the power to choose what to do
Cast off that negative view of that earth
On the other side
Let your thoughts and mine collide
In your heart and mind
For we got the power to do anything
It's always within your grasp
I live in your dreams, visions and past
I was always here
And will always be near
Come to the future with me
It's shining so bright
Come, Come Debbie
There's the white light!
Just take my hand.....
Puzzle of Life
The shards of your dreams
Merge in a clouded vision
Slowly at the seams
With an exact precision
Twinkling orbs filled with hope
Begin their journey softly closed
For it is within the self aspirations form
In the deep, dark crevices of the mind
Conjoined with the heart's desires they are born
Within a heartbeat's time
What is it that you want?
What do you desire?
Close your eyes to see
And then aim even higher
The pieces float together slowly
Sometimes misaligned
But it's within the journey
That makes the collisions sublime
Slowly the big picture begins to surface
Take a step back, what do you notice?
A few missing pieces
From this perplexing work of art
Did they dissipate into the abyss?
You would never let them part
You feel incomplete without those dreams
The struggle surmounts
Frantically you dig between the seams
Only to discover
The tiny gaps let the light of mystery shine in
All along your life's portrait was a work in progress
Forever we work at it, getting our hands gritty
The reflection in the end is as majestic as what we see
Desire greatness and it shall be achieved
Give up easily then prepare to grieve
Open your eyes once more
Awaken from your sweet slumber
With a renewed energy and drive
To achieve anything, desire loud as thunder
Pounding from within
Lightning charges your veins
Bathing in an aura of light beaming
Sparkling, gleaming
Blinding others who get in your way
This is your time to shine and soar beyond the heavens
I believe in you, I believe in me
Dreams can become a reality just wait and see!
I stand before you mirror
And begin to reach inside
My hand ventures through
So fast it glides
Into a world that reflects
The wishes,dreams and hopes
And artistic intellect
I dive right in
And kiss this world goodbye
As I take off the blindfold to reveal my eyes
That sparkle and shine
With delight
A world of acceptance
Comforting as the wind
Holds and caresses
My bare shoulders
As it whispers in my ear
"Debbie there's nothing to fear"
I'll always be here
For I am your soul
I was always in you
Only you got the power to choose what to do
Cast off that negative view of that earth
On the other side
Let your thoughts and mine collide
In your heart and mind
For we got the power to do anything
It's always within your grasp
I live in your dreams, visions and past
I was always here
And will always be near
Come to the future with me
It's shining so bright
Come, Come Debbie
There's the white light!
Just take my hand.....
Puzzle of Life
The shards of your dreams
Merge in a clouded vision
Slowly at the seams
With an exact precision
Twinkling orbs filled with hope
Begin their journey softly closed
For it is within the self aspirations form
In the deep, dark crevices of the mind
Conjoined with the heart's desires they are born
Within a heartbeat's time
What is it that you want?
What do you desire?
Close your eyes to see
And then aim even higher
The pieces float together slowly
Sometimes misaligned
But it's within the journey
That makes the collisions sublime
Slowly the big picture begins to surface
Take a step back, what do you notice?
A few missing pieces
From this perplexing work of art
Did they dissipate into the abyss?
You would never let them part
You feel incomplete without those dreams
The struggle surmounts
Frantically you dig between the seams
Only to discover
The tiny gaps let the light of mystery shine in
All along your life's portrait was a work in progress
Forever we work at it, getting our hands gritty
The reflection in the end is as majestic as what we see
Desire greatness and it shall be achieved
Give up easily then prepare to grieve
Open your eyes once more
Awaken from your sweet slumber
With a renewed energy and drive
To achieve anything, desire loud as thunder
Pounding from within
Lightning charges your veins
Bathing in an aura of light beaming
Sparkling, gleaming
Blinding others who get in your way
This is your time to shine and soar beyond the heavens
I believe in you, I believe in me
Dreams can become a reality just wait and see!
Job Hunting
Know when to hide your liabilities and when to confront them head-on.
Debra Ann MacDougall advises job seekers with troubled pasts or obvious disabilities on how to present themselves to hiring managers. She and Elisabeth Harney Sanders-Park lay out their strategy in a new book, The 6 Reasons You'll Get the Job: What Employers Look For — Whether They Know It Or Not.
More from Forbes.com:
• In Pictures: Get Hired Despite Red Flags in Your Story
• 13 Big Mistakes Job Seekers Make
• 10 Companies Share What They Look For In Nontaditional Hires
MacDougall started her career at the Salvation Army, working on programs for homeless families. She was determined to come up with ways to help the chronically unemployed find jobs and build careers. Eventually she teamed up with Sanders-Park, and the two started WorkNet Solutions and WorkNet International, sister career-consulting firms that work with institutions like trade schools, federally funded workforce centers and prisons, to help people with challenges in their personal stories find and land good jobs.
When a job-seeker's challenges are highly visible, like some physical disabilities or a serious weight problem, MacDougall recommends a direct approach. Although the Americans with Disabilities Act prohibits job discrimination based on disability, it's nevertheless wise to be upfront about a potential employer's possible concerns.
A client of hers who had lost an arm in a motorcycle accident would routinely answer the ubiquitous first job interview question — tell me about yourself — by saying, "You may have noticed that I have only one arm." Then he'd proceed to explain how he coped, using a specialized computer keyboard on which he could type 85words a minute. "He had a positive, can-do attitude that inspired other workers," MacDougall says. He landed a job as an administrative assistant at a large company in Los Angeles.
Older job-seekers should also consider potential employers' concerns, MacDougall says. Hiring managers might worry about an older person's health, his capacity to learn new systems quickly, his ability to adapt to technology and his energy level. MacDougall had a 59-year-old client who mentioned in interviews that she enjoyed running several times a week and participated in discussion groups on LinkedIn. MacDougall also advised her to get an updated haircut, if she didn't want to dye her hair, and a fashionable suit. She was hired as a sales manager in Denver.
[9 Jobs That Are on the Decline]
For job-seekers with less obvious physical challenges, MacDougall recommends what she calls the "make them love you first" approach. For instance, if you have a vision problem that would require you to use a special computer screen or a bad back that makes it impossible to sit through long meetings without getting up, she recommends keeping quiet until you get a job offer. Before accepting, let the employer know about your challenge."Tell the employer about it, but tell them after they already love you," MacDougall says.
She explains that hiring managers are always weighing the benefits and risks of new employees. You want to convince your potential employer that you have a surplus of benefits before revealing your risks.
For more serious challenges like a criminal conviction, MacDougall says you should be prepared to talk about what you did and how you've changed. She tells the story of a client she calls Chuck who had been jailed on drug charges. Chuck had a moment of clarity and life change when he had to tell his 10-year-old daughter that he would miss her soccer final because he was going to jail. MacDougall recommended that Chuck share that revelation with potential employers and talk openly about how he had remade his life. She also told him to volunteer to take regular drug tests. He is now clean and working, she says.
Job-seekers with criminal records, who are HIV-positive or have alcohol or drug issues do have legal protections, and there are nonprofit organizations that advocate for people who encounter discrimination. The Legal Action Center's website is a good resource, and the federal government has a site loaded with information about the Americans with Disabilities Act.
Sometimes your serious struggles may be far enough in the past that you don't need to address them at all with a potential employer. For instance, if you were hospitalized for a mental illness years ago but you're now healthy and your work performance won't be affected, you don't need to discuss it. "The deciding factor is whether the employer will find out about it," MacDougall says. "If it's not going to affect your ability to do the job, because you've stabilized, don't bring it up." The same applies to drug and alcohol problems, she says.
If you've had a long period of unemployment, MacDougall recommends listing yourself as a consultant on your resume. Include both paid and unpaid experience. Nowadays, she says, employers are increasingly receptive to resumes that include long stints of consulting or freelance work. "They know what the situation is out there," she says.
Debra Ann MacDougall advises job seekers with troubled pasts or obvious disabilities on how to present themselves to hiring managers. She and Elisabeth Harney Sanders-Park lay out their strategy in a new book, The 6 Reasons You'll Get the Job: What Employers Look For — Whether They Know It Or Not.
More from Forbes.com:
• In Pictures: Get Hired Despite Red Flags in Your Story
• 13 Big Mistakes Job Seekers Make
• 10 Companies Share What They Look For In Nontaditional Hires
MacDougall started her career at the Salvation Army, working on programs for homeless families. She was determined to come up with ways to help the chronically unemployed find jobs and build careers. Eventually she teamed up with Sanders-Park, and the two started WorkNet Solutions and WorkNet International, sister career-consulting firms that work with institutions like trade schools, federally funded workforce centers and prisons, to help people with challenges in their personal stories find and land good jobs.
When a job-seeker's challenges are highly visible, like some physical disabilities or a serious weight problem, MacDougall recommends a direct approach. Although the Americans with Disabilities Act prohibits job discrimination based on disability, it's nevertheless wise to be upfront about a potential employer's possible concerns.
A client of hers who had lost an arm in a motorcycle accident would routinely answer the ubiquitous first job interview question — tell me about yourself — by saying, "You may have noticed that I have only one arm." Then he'd proceed to explain how he coped, using a specialized computer keyboard on which he could type 85words a minute. "He had a positive, can-do attitude that inspired other workers," MacDougall says. He landed a job as an administrative assistant at a large company in Los Angeles.
Older job-seekers should also consider potential employers' concerns, MacDougall says. Hiring managers might worry about an older person's health, his capacity to learn new systems quickly, his ability to adapt to technology and his energy level. MacDougall had a 59-year-old client who mentioned in interviews that she enjoyed running several times a week and participated in discussion groups on LinkedIn. MacDougall also advised her to get an updated haircut, if she didn't want to dye her hair, and a fashionable suit. She was hired as a sales manager in Denver.
[9 Jobs That Are on the Decline]
For job-seekers with less obvious physical challenges, MacDougall recommends what she calls the "make them love you first" approach. For instance, if you have a vision problem that would require you to use a special computer screen or a bad back that makes it impossible to sit through long meetings without getting up, she recommends keeping quiet until you get a job offer. Before accepting, let the employer know about your challenge."Tell the employer about it, but tell them after they already love you," MacDougall says.
She explains that hiring managers are always weighing the benefits and risks of new employees. You want to convince your potential employer that you have a surplus of benefits before revealing your risks.
For more serious challenges like a criminal conviction, MacDougall says you should be prepared to talk about what you did and how you've changed. She tells the story of a client she calls Chuck who had been jailed on drug charges. Chuck had a moment of clarity and life change when he had to tell his 10-year-old daughter that he would miss her soccer final because he was going to jail. MacDougall recommended that Chuck share that revelation with potential employers and talk openly about how he had remade his life. She also told him to volunteer to take regular drug tests. He is now clean and working, she says.
Job-seekers with criminal records, who are HIV-positive or have alcohol or drug issues do have legal protections, and there are nonprofit organizations that advocate for people who encounter discrimination. The Legal Action Center's website is a good resource, and the federal government has a site loaded with information about the Americans with Disabilities Act.
Sometimes your serious struggles may be far enough in the past that you don't need to address them at all with a potential employer. For instance, if you were hospitalized for a mental illness years ago but you're now healthy and your work performance won't be affected, you don't need to discuss it. "The deciding factor is whether the employer will find out about it," MacDougall says. "If it's not going to affect your ability to do the job, because you've stabilized, don't bring it up." The same applies to drug and alcohol problems, she says.
If you've had a long period of unemployment, MacDougall recommends listing yourself as a consultant on your resume. Include both paid and unpaid experience. Nowadays, she says, employers are increasingly receptive to resumes that include long stints of consulting or freelance work. "They know what the situation is out there," she says.
The Eleven Reasons People Can't Sell Their Homes
The Eleven Reasons People Can't Sell Their Homes
by Douglas A. McIntyre
The environment for home sales becomes more difficult with each passing month. Some estimates put 11 million mortgages, about 20% of the U.S. total, underwater, meaning that homeowners owe their banks more than the underlying properties are worth. Home repossessions reached more than 100,000 for the first time in September. Rising foreclosure rates continue to further depress housing prices.
The federal government let its tax benefit for homeowners expire in April and has not renewed it since them. The program did boost sales earlier this year. Shoppers must now face a market without the credit in which many home prices continue to fall.
More from 24/7 Wall St.:
• The Best and Worst Run States in America
• More Evidence Apple Will Eventually Rule the PC World
• Many Doomed Americans Aren't Saving for Retirement
The clamor over flawed foreclosure paperwork and robo-signers could further chill the housing market. People who might buy have bought a home in foreclosure will now worry about obtaining proper documentation and effective transfer of title.
24/7 Wall St. spoke with experts at real estate research firms Zillow.com and RealtyTrac to find the best way to sell a home. We also interviewed management from the National Association of Realtors, a number of real estate brokers, bank managers and elected officials in affluent communities. What emerged from these conversations and our research is the following: successful home sellers often do the same small number of things correctly. Often, these tactics are the difference between finding a buyer and not.
1. Pick the Best Broker
Many people who decide to sell contact a real estate brokerage with a sterling reputation or go to one that has the largest number of listings. Frequently, when potential sellers call these firms, they are turned over to the first available broker in the office. That person is often not the best representative. As a matter of fact, what is a successful broker doing in the office anyway? There are a small number of brokers in most markets who have a better track record than their peers. Most of them have been brokers for a long time and did not lose their jobs when the housing bubble collapsed.
2. Get an Appraisal
Sellers should obtain an appraisal for their home before they put it on the market. One of the major reasons house sales fall apart is that the bank assesses the home for less than the buyer has agreed to pay. For example, a buyer and seller agree on a price of say $250,000. Then the buyer goes to his bank to get a mortgage. But, the bank appraises the house for $200,000. Now, the buyer has to put up more money. Sellers who get their own appraisals get a realistic idea of what price a bank would value a house at before they enter into a sale. Most appraisers already do some work for banks. An appraisal often tells a seller what a "safe" price is. And an appraisal's average cost is only about $200.
3. Get the Right "Comp"
Sellers must make sure that foreclosures in their area are included in the "comps" the Realtor gives them. Traditionally, a broker will give a seller a list of similar properties in the market and that information is part of what is used to set a price. What brokers do not always do is put the price of any foreclosed properties that are comparable into the calculation. A typical foreclosed home sells for 25% to 30% less than similar inventory in the same area. If sellers don't take that into consideration, their home will not be priced competitively and they put themselves at a disadvantage. Sellers wind up slashing prices after their overvalued properties are on the market for several months without success.
4. Tax Assessment
Low property taxes are critical to finding buyers. Property taxes in most cities, towns and counties have gone up for years as home values appreciated. This revenue is used to run schools and other local services. However, now home values have dropped sharply, and the appraisals by local authorities on which taxes are based are too high. Many cities have a process for homeowners to request lower appraisals, and as a consequence obtain a reduced property tax. Some states even have a board of appeals for homeowners who do not think they were treated fairly. One way for people to get local authorities to cut the tax assessment of their home is to put it on the market at below the appraised price. If the home does not sell for several months, they can present empirical evidence of the lower value. A home assessed for $300,000 that goes on the market for $275,000, but does not sell for a year, is probably not worth $300,000.
5. Conserve Utilities
Turn the lights off! Most buyers ask for utility bills. "Energy wasters" who sell a home will rue the times they forgot to turn off lights, turn down the air conditioner or left the TV on all day. It would be ill-advised to fake the amount of energy being used by simply living in the dark and cutting utility costs to nearly zero. However, careful and prudent use of energy can cut bills by enough so that a buyer does not have sticker shock about what it costs to maintain electricity, gas or oil to run a house.
6. Sell "Green"
Not very many homes are actually built with environmentally friendly material or heated by solar panels or wind. But those that are have a special appeal to the crowd that buys green cars such as the Prius. A seller may have one of only a few "green" homes in their town or city. That may make it highly desirable to many shoppers.
7. Curb Appeal
This item appears on most lists, and many sellers don't bother to take the advice to prune the hedges or clean the gutters. But it is even more complex than that. Walk to the road on which your home is located. Now walk toward the house. What does a buyer see for the first time? Most sellers never bother to look at their homes through a buyer's eyes. Do the shingles need a paint job? Are the shutters looking shoddy? "Love at first sight" is no less rare with homes than with people.
8. Everything Is Negotiable
Negotiate the fee with the broker. The fee paid to a Realtor for selling a home is traditionally 6%. Sellers often believe that they can get that down to 5% or even 4%. But, in a market where brokers are desperate for business, pressing for 3% or even 2% may work. Whatever the savings are, they can materially affect how much a seller can drop the price of his home and still walk away with a profit.
9. Get an Inspection
Sellers should do some of the inspection work and testing before their home goes on the market. Inspectors for buyers are often aggressive when they report what is "wrong" with a home to their clients. For as little as $250, an inspector will go through your house and tell you what the inspector is likely to flag such as a roof leak or old, energy-wasting windows. That gives the seller a chance to fix the problem for less than the buyer may want to lower the price by, or at least know the items that a buyer will use to negotiate down the price.
10. Hire a "Stager"
For as little at $200, you can hire someone who can make your home look better by moving pictures, furniture, lights and addressing problems that may make the home show poorly. These people are cousins to the men and women who "fix" expensive homes before magazines come in to photograph them for stories. "Stagers" have lists of tricks that few Realtors and almost no homeowners know. The "better" your home looks, the more appealing it will be to potential buyers.
11. Fix It First
Sell a house that does not need any work. In a market in which people count every penny and worry about job security, fewer buyers want homes that are "fixer uppers" that require work that could cost thousands or even tens of thousands of dollars to address. These days, a buyer choosing between two homes will most likely take the one that needs the least work. It may cost some money to get your home to the point where a buyer can walk in and do almost no work. However, it may be the difference between selling a home and having it languish on the market.
by Douglas A. McIntyre
The environment for home sales becomes more difficult with each passing month. Some estimates put 11 million mortgages, about 20% of the U.S. total, underwater, meaning that homeowners owe their banks more than the underlying properties are worth. Home repossessions reached more than 100,000 for the first time in September. Rising foreclosure rates continue to further depress housing prices.
The federal government let its tax benefit for homeowners expire in April and has not renewed it since them. The program did boost sales earlier this year. Shoppers must now face a market without the credit in which many home prices continue to fall.
More from 24/7 Wall St.:
• The Best and Worst Run States in America
• More Evidence Apple Will Eventually Rule the PC World
• Many Doomed Americans Aren't Saving for Retirement
The clamor over flawed foreclosure paperwork and robo-signers could further chill the housing market. People who might buy have bought a home in foreclosure will now worry about obtaining proper documentation and effective transfer of title.
24/7 Wall St. spoke with experts at real estate research firms Zillow.com and RealtyTrac to find the best way to sell a home. We also interviewed management from the National Association of Realtors, a number of real estate brokers, bank managers and elected officials in affluent communities. What emerged from these conversations and our research is the following: successful home sellers often do the same small number of things correctly. Often, these tactics are the difference between finding a buyer and not.
1. Pick the Best Broker
Many people who decide to sell contact a real estate brokerage with a sterling reputation or go to one that has the largest number of listings. Frequently, when potential sellers call these firms, they are turned over to the first available broker in the office. That person is often not the best representative. As a matter of fact, what is a successful broker doing in the office anyway? There are a small number of brokers in most markets who have a better track record than their peers. Most of them have been brokers for a long time and did not lose their jobs when the housing bubble collapsed.
2. Get an Appraisal
Sellers should obtain an appraisal for their home before they put it on the market. One of the major reasons house sales fall apart is that the bank assesses the home for less than the buyer has agreed to pay. For example, a buyer and seller agree on a price of say $250,000. Then the buyer goes to his bank to get a mortgage. But, the bank appraises the house for $200,000. Now, the buyer has to put up more money. Sellers who get their own appraisals get a realistic idea of what price a bank would value a house at before they enter into a sale. Most appraisers already do some work for banks. An appraisal often tells a seller what a "safe" price is. And an appraisal's average cost is only about $200.
3. Get the Right "Comp"
Sellers must make sure that foreclosures in their area are included in the "comps" the Realtor gives them. Traditionally, a broker will give a seller a list of similar properties in the market and that information is part of what is used to set a price. What brokers do not always do is put the price of any foreclosed properties that are comparable into the calculation. A typical foreclosed home sells for 25% to 30% less than similar inventory in the same area. If sellers don't take that into consideration, their home will not be priced competitively and they put themselves at a disadvantage. Sellers wind up slashing prices after their overvalued properties are on the market for several months without success.
4. Tax Assessment
Low property taxes are critical to finding buyers. Property taxes in most cities, towns and counties have gone up for years as home values appreciated. This revenue is used to run schools and other local services. However, now home values have dropped sharply, and the appraisals by local authorities on which taxes are based are too high. Many cities have a process for homeowners to request lower appraisals, and as a consequence obtain a reduced property tax. Some states even have a board of appeals for homeowners who do not think they were treated fairly. One way for people to get local authorities to cut the tax assessment of their home is to put it on the market at below the appraised price. If the home does not sell for several months, they can present empirical evidence of the lower value. A home assessed for $300,000 that goes on the market for $275,000, but does not sell for a year, is probably not worth $300,000.
5. Conserve Utilities
Turn the lights off! Most buyers ask for utility bills. "Energy wasters" who sell a home will rue the times they forgot to turn off lights, turn down the air conditioner or left the TV on all day. It would be ill-advised to fake the amount of energy being used by simply living in the dark and cutting utility costs to nearly zero. However, careful and prudent use of energy can cut bills by enough so that a buyer does not have sticker shock about what it costs to maintain electricity, gas or oil to run a house.
6. Sell "Green"
Not very many homes are actually built with environmentally friendly material or heated by solar panels or wind. But those that are have a special appeal to the crowd that buys green cars such as the Prius. A seller may have one of only a few "green" homes in their town or city. That may make it highly desirable to many shoppers.
7. Curb Appeal
This item appears on most lists, and many sellers don't bother to take the advice to prune the hedges or clean the gutters. But it is even more complex than that. Walk to the road on which your home is located. Now walk toward the house. What does a buyer see for the first time? Most sellers never bother to look at their homes through a buyer's eyes. Do the shingles need a paint job? Are the shutters looking shoddy? "Love at first sight" is no less rare with homes than with people.
8. Everything Is Negotiable
Negotiate the fee with the broker. The fee paid to a Realtor for selling a home is traditionally 6%. Sellers often believe that they can get that down to 5% or even 4%. But, in a market where brokers are desperate for business, pressing for 3% or even 2% may work. Whatever the savings are, they can materially affect how much a seller can drop the price of his home and still walk away with a profit.
9. Get an Inspection
Sellers should do some of the inspection work and testing before their home goes on the market. Inspectors for buyers are often aggressive when they report what is "wrong" with a home to their clients. For as little as $250, an inspector will go through your house and tell you what the inspector is likely to flag such as a roof leak or old, energy-wasting windows. That gives the seller a chance to fix the problem for less than the buyer may want to lower the price by, or at least know the items that a buyer will use to negotiate down the price.
10. Hire a "Stager"
For as little at $200, you can hire someone who can make your home look better by moving pictures, furniture, lights and addressing problems that may make the home show poorly. These people are cousins to the men and women who "fix" expensive homes before magazines come in to photograph them for stories. "Stagers" have lists of tricks that few Realtors and almost no homeowners know. The "better" your home looks, the more appealing it will be to potential buyers.
11. Fix It First
Sell a house that does not need any work. In a market in which people count every penny and worry about job security, fewer buyers want homes that are "fixer uppers" that require work that could cost thousands or even tens of thousands of dollars to address. These days, a buyer choosing between two homes will most likely take the one that needs the least work. It may cost some money to get your home to the point where a buyer can walk in and do almost no work. However, it may be the difference between selling a home and having it languish on the market.
Wednesday, October 6, 2010
5 Spices That Can Help You Lose Weight.
5 Spices That Can Help You Lose Weight.
by Kaboodle.com
Athough we’re inclined to scour the Web in search of the best diets and meal plans, the truth is, some of the tools to weight-loss success are already on your spice rack! Here are five ingredients that not only add flavor to your favorite dishes but can help in your battle against the bulge.
1. Cinnamon
A 2003 study published in Diabetes Care showed that as little as one teaspoon of cinnamon per day can boost the body’s weight-loss ability by reducing blood sugar and promoting healthier processing of carbohydrates. It also lowers LDL cholesterol (bad cholesterol) by seven to 27% and total cholesterol by 12 to 26%. Plus, cinnamon has been shown to prevent the metabolic syndrome commonly seen in pre-diabetics. But before you go on piling the spice by spoonful, note that cinnamon contains a chemical called coumarin, which can lead to liver damage if consumed in very large amounts.
Browse the coolest food-prep tools.
2. Cayenne
The main ingredient in spicy cayenne—capsaicin, which is also found in other hot peppers—has long been studied for its fat-burning abilities and thermogenic properties (the stimulating of the central nervous system to produce heat in the body, leading to an increase in calorie burning). In fact, Nicholas Perricone, M.D., cites several of these studies in his wildly popular The Perricone Weight-Loss Diet and concludes that capsaicin acts as an appetite suppressant. Many think that cayenne pepper promotes weight loss because it’s simply difficult to overindulge in spicy food. However, later studies performed by the Journal of Obesity also found that the spice increases fat oxidation, “ramps up energy expenditure, and stimulates activity by the sympathetic nervous system”—all which help the body to shed excess weight. Not a fan of fiery cuisine? Not to worry! Research has found that cayenne’s ability to reduce appetite is equally effective whether ingested as food or in capsule form.
Discover must-have kitchen gadgets.
3. Black Pepper
Among the dozens of health benefits of this common household ingredient is its ability to improve digestion and promote the absorption of nutrients in tissues all over the body. Plus, its main component—piperine (which gives pepper its pungent taste)—boosts fat metabolism by as much as 8% for several hours after ingesting it. If you want your pepper to pack the most punch, use freshly ground pepper, which has the most concentrated amounts of piperine.
Check out the latest stylish and comfortable workout clothes!
4. Mustard Seed
Like the other hot ingredients on this list, spicy mustard helps boost metabolism and allows you to burn fat more quickly, thanks in part to its thermogenic properties. Scientists at England’s Oxford Polytechnic Institute recently found that eating just one teaspoon of hot mustard can “boost metabolism 20 to 25% for several hours after eating, resulting in an additional burn of about 45 calories if a 700-calorie meal is consumed.”
See effective and super cute workout gear for women.
5. Ginger
Long used for its medicinal properties, ginger is also an effective diuretic (a substance that increases the elimination of urine). It improves gastric mobility (i.e. it pushes food and waste through the digestive system) and hinders the absorption of cholesterol. Although according to the Mayo Clinic, more study is needed, preliminary evidence suggests that this versatile spice helps to increase metabolism.
by Kaboodle.com
Athough we’re inclined to scour the Web in search of the best diets and meal plans, the truth is, some of the tools to weight-loss success are already on your spice rack! Here are five ingredients that not only add flavor to your favorite dishes but can help in your battle against the bulge.
1. Cinnamon
A 2003 study published in Diabetes Care showed that as little as one teaspoon of cinnamon per day can boost the body’s weight-loss ability by reducing blood sugar and promoting healthier processing of carbohydrates. It also lowers LDL cholesterol (bad cholesterol) by seven to 27% and total cholesterol by 12 to 26%. Plus, cinnamon has been shown to prevent the metabolic syndrome commonly seen in pre-diabetics. But before you go on piling the spice by spoonful, note that cinnamon contains a chemical called coumarin, which can lead to liver damage if consumed in very large amounts.
Browse the coolest food-prep tools.
2. Cayenne
The main ingredient in spicy cayenne—capsaicin, which is also found in other hot peppers—has long been studied for its fat-burning abilities and thermogenic properties (the stimulating of the central nervous system to produce heat in the body, leading to an increase in calorie burning). In fact, Nicholas Perricone, M.D., cites several of these studies in his wildly popular The Perricone Weight-Loss Diet and concludes that capsaicin acts as an appetite suppressant. Many think that cayenne pepper promotes weight loss because it’s simply difficult to overindulge in spicy food. However, later studies performed by the Journal of Obesity also found that the spice increases fat oxidation, “ramps up energy expenditure, and stimulates activity by the sympathetic nervous system”—all which help the body to shed excess weight. Not a fan of fiery cuisine? Not to worry! Research has found that cayenne’s ability to reduce appetite is equally effective whether ingested as food or in capsule form.
Discover must-have kitchen gadgets.
3. Black Pepper
Among the dozens of health benefits of this common household ingredient is its ability to improve digestion and promote the absorption of nutrients in tissues all over the body. Plus, its main component—piperine (which gives pepper its pungent taste)—boosts fat metabolism by as much as 8% for several hours after ingesting it. If you want your pepper to pack the most punch, use freshly ground pepper, which has the most concentrated amounts of piperine.
Check out the latest stylish and comfortable workout clothes!
4. Mustard Seed
Like the other hot ingredients on this list, spicy mustard helps boost metabolism and allows you to burn fat more quickly, thanks in part to its thermogenic properties. Scientists at England’s Oxford Polytechnic Institute recently found that eating just one teaspoon of hot mustard can “boost metabolism 20 to 25% for several hours after eating, resulting in an additional burn of about 45 calories if a 700-calorie meal is consumed.”
See effective and super cute workout gear for women.
5. Ginger
Long used for its medicinal properties, ginger is also an effective diuretic (a substance that increases the elimination of urine). It improves gastric mobility (i.e. it pushes food and waste through the digestive system) and hinders the absorption of cholesterol. Although according to the Mayo Clinic, more study is needed, preliminary evidence suggests that this versatile spice helps to increase metabolism.
Sunday, October 3, 2010
The Grey-Haired Brigade
My "Uncle" Bing sent this to me. You may or may not agree with parts of it,
but it's an eloquent statement none the less.
The Grey-Haired Brigade !!!
They like to refer to us as sr. citizens, old fogies, geezers, and in some cases dinosaurs. Some of us are "baby boomer" getting ready to retire.
Others have been retired for some time. We walk a little slower these days and our eyes and hearing are not what they once were. We have worked hard, raised our children, worshipped our God and grown old together. Yes, we are the ones some refer to as being over the hill and that is probably true.
But before writing us off completely, there are a few things that need to be taken into consideration. In school we studied English, history, math, and
science which enabled us to lead America into the technological age. Most of us remember what outhouses were, many of us with firsthand experience. We remember the days of telephone party-lines, ten cent gasoline, and milk and ice being delivered to our homes. For those of you who don't know what an
icebox is, today they are electric and referred to as refrigerators. A few even remember when cars were started with a crank. Yes, we lived those days.
We are probably considered old fashioned and out-dated by many. But there are a few things you need to remember before completely writing us off. We
won WW II and fought in Korea and Viet Nam. We can quote the pledge of allegiance, and know where to place our hand while doing so. We wore the uniform of our country with pride and lost many friends on the
battlefield.
We didn't fight for the Socialist States of America, we fought for the "land of the free and home of the brave." We wore different uniforms but carried the same flag. We know the words to the Star Spangle Banner, America, and America the Beautiful by heart, and you may even see some tears running down our cheeks as we sing. We have lived what many of you have only read about in history books and we feel no obligation to apologize to anyone for America.
Yes, we are old and slow these days but rest assured, we have at least one good fight left in us. We have loved this country, fought for it, and died for it, and now we are going to save it. It is our country and nobody is
going to take it away from us. We took oaths to defend America against all enemies, foreign and domestic, and that is an oath we plan to keep. There are those who want to destroy this land we love but, like our founders,
there is no way we are going to remain silent. It was the young people of this nation who elected Obama and the Democratic congress. You fell for the "Hope and change" which in reality was nothing but "Hype and lies." You have tasted socialism and seen evil face to face, and have found you don't like it after all.
You make a lot of noise but most are all too interested in their careers and "Climbing the social ladder" to be involved in such mundane things as patriotism and voting. It appears that we care more about our grandchildren than some care about their children. Many of those who fell for the "great lie" in 2008 are now having buyer's remorse. With all the education we gave
you, you didn't have sense enough to see through the lies and instead drank the kool-aid. Now you're paying the price and complaining about it. No jobs, lost mortgages, higher taxes, and less freedom. This is what you voted for and this is what you got. We entrusted you with the Torch of Liberty and you traded it for a paycheck and fancy house.
Well, don't worry youngsters, the Grey Haired Brigade is here, and in two months we are going to take back our nation. We may drive a little slower than you would like but we get where we're going, and in November we're
going to the polls by the millions. This land does not belong to the Muslim in the White House or to Nancy Pelosi and Harry Reid. It belongs to We the People,
and We the People plan to reclaim our land and our freedom. We hope this time you will do a better job of preserving it and passing it along to our grandchildren.
So the next time you have the chance to say the Pledge of Allegiance, stand up, put your hand over your heart, honor our country, and thank God for the old geezers of the Grey-Haired Brigade.
but it's an eloquent statement none the less.
The Grey-Haired Brigade !!!
They like to refer to us as sr. citizens, old fogies, geezers, and in some cases dinosaurs. Some of us are "baby boomer" getting ready to retire.
Others have been retired for some time. We walk a little slower these days and our eyes and hearing are not what they once were. We have worked hard, raised our children, worshipped our God and grown old together. Yes, we are the ones some refer to as being over the hill and that is probably true.
But before writing us off completely, there are a few things that need to be taken into consideration. In school we studied English, history, math, and
science which enabled us to lead America into the technological age. Most of us remember what outhouses were, many of us with firsthand experience. We remember the days of telephone party-lines, ten cent gasoline, and milk and ice being delivered to our homes. For those of you who don't know what an
icebox is, today they are electric and referred to as refrigerators. A few even remember when cars were started with a crank. Yes, we lived those days.
We are probably considered old fashioned and out-dated by many. But there are a few things you need to remember before completely writing us off. We
won WW II and fought in Korea and Viet Nam. We can quote the pledge of allegiance, and know where to place our hand while doing so. We wore the uniform of our country with pride and lost many friends on the
battlefield.
We didn't fight for the Socialist States of America, we fought for the "land of the free and home of the brave." We wore different uniforms but carried the same flag. We know the words to the Star Spangle Banner, America, and America the Beautiful by heart, and you may even see some tears running down our cheeks as we sing. We have lived what many of you have only read about in history books and we feel no obligation to apologize to anyone for America.
Yes, we are old and slow these days but rest assured, we have at least one good fight left in us. We have loved this country, fought for it, and died for it, and now we are going to save it. It is our country and nobody is
going to take it away from us. We took oaths to defend America against all enemies, foreign and domestic, and that is an oath we plan to keep. There are those who want to destroy this land we love but, like our founders,
there is no way we are going to remain silent. It was the young people of this nation who elected Obama and the Democratic congress. You fell for the "Hope and change" which in reality was nothing but "Hype and lies." You have tasted socialism and seen evil face to face, and have found you don't like it after all.
You make a lot of noise but most are all too interested in their careers and "Climbing the social ladder" to be involved in such mundane things as patriotism and voting. It appears that we care more about our grandchildren than some care about their children. Many of those who fell for the "great lie" in 2008 are now having buyer's remorse. With all the education we gave
you, you didn't have sense enough to see through the lies and instead drank the kool-aid. Now you're paying the price and complaining about it. No jobs, lost mortgages, higher taxes, and less freedom. This is what you voted for and this is what you got. We entrusted you with the Torch of Liberty and you traded it for a paycheck and fancy house.
Well, don't worry youngsters, the Grey Haired Brigade is here, and in two months we are going to take back our nation. We may drive a little slower than you would like but we get where we're going, and in November we're
going to the polls by the millions. This land does not belong to the Muslim in the White House or to Nancy Pelosi and Harry Reid. It belongs to We the People,
and We the People plan to reclaim our land and our freedom. We hope this time you will do a better job of preserving it and passing it along to our grandchildren.
So the next time you have the chance to say the Pledge of Allegiance, stand up, put your hand over your heart, honor our country, and thank God for the old geezers of the Grey-Haired Brigade.
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