News To Us, Friday December 4th 2009

dubai News To Us, Friday December 4th 2009War of valuesSan Francisco Magazine

An epic battle has been raging over who can afford to live in San Francisco. The paper trail reveals that the city’s dominant landlords, the Lembi family of CitiApartments fame, bought up every building they could get their hands on, from the Tenderloin’s rattiest dumps to Nob Hill’s ritziest penthouses, with an audacious plan to drive up everyone’s rent. And their money came from the same financial geniuses who brought the world economy to its knees.

How Dubai’s burst bubble has left behind the last days of Rome – The Times Online

What the FHA’s New Criteria Mean for Housing – US News & World Report

Is “Helping Homeowners” Washingtonspeak for Bailing Out Banks? – OurFuture.Org

Star of Real Estate Boom Is Confronting Hard Times – The New York Times

The Dark Side of Home Ownership – Maui Time

With more than 8 percent of Hawaii’s mortgages ‘underwater’ it’s time to revaluate our values

America Without a Middle Class – Elizabeth Warren

Can you imagine an America without a strong middle class? If you can, would it still be America as we know it?

Today, one in five Americans is unemployed, underemployed or just plain out of work. One in nine families can’t make the minimum payment on their credit cards. One in eight mortgages is in default or foreclosure. One in eight Americans is on food stamps. More than 120,000 families are filing for bankruptcy every month. The economic crisis has wiped more than $5 trillion from pensions and savings, has left family balance sheets upside down, and threatens to put ten million homeowners out on the street….

Arnold Schwarzenegger unveils dramatic climate change map which shows flooded San Francisco of the future - The Daily Mail

The map, which demonstrates the devastating effects of global warming in just a century, shows how San Francisco Airport would be completely underwater if sea levels were to rise by 150cm (60in).

The coastline on the map was also coloured, highlighting how nearly half a million Californians are at risk from rising sea levels.

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Greg Fielding

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About Greg Fielding

I am a longtime real estate agent who has pretty much seen it all during the housing boom as bust. With experience in selling high-end property and low-end foreclosures, raw land, short sales, development work, apartment buildings, and working with investors, I bring a well-rounded perspective to my work.I also have started to do some paid real estate consulting. If you have questions or just need some good real estate advice, book an appointment at http://whattodorealestate.com/In addition to selling real estate, my insights have been featured in The New York Times, The Big Picture, and regularly on Patrick.net. I have also done consulting work with ForeclosureRadar.Starting my career, in 2003, I have sold homes throughout Alameda and Contra Costa counties, specializing in Danville, Alamo, Blackhawk, San Ramon, Dublin, Pleasanton, Walnut Creek, Lafayette, and Orinda. I live in Danville with my three kids.


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