Philosophy Behind The Business Model Will This Be A Good Business Past Next Year? See The Next Slide For An Opinion From the Wall Street Journal....
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WSJ.com
Sept 24, 2009
T h e Fore c losure P a in M a y Dra g on for Y e a rs
By J a m e s R . Ha g e rty
Delays in dealing with home foreclosures are stretching out the pain for the U.S. housing market, as we reported in Wednesday’s Journal. That has stirred lots of debate over whether it is better for the nation to face the pain of millions of foreclosures immediately – to get it over with fast — or to draw the process out over several years in hopes that the economy and housing demand will recover. It looks like we’re taking the latter course, for better or worse. The foreclosure process takes about twice as long as it used to for a variety of reasons, including efforts to modify loans to keep borrowers in homes, staffing shortages at loan servicers, bankruptcy filings and a “strategic rationale” by lenders hoping that home prices will recover, ....... While efforts to modify loans will help some borrowers, she says, they mostly will amount to “kicking the can down the road.”.............. Henry Fishkind, an Orlando-based housing economist, says some banks tell him they “are holding back [foreclosedhome] inventory” to avoid depressing prices any more than necessary. “It’s in their interest” to avoid flooding the market, and regulators haven’t forced them to do so, he says. That suggests that the backlog of homes
headed for foreclosure will be stretched out over several years. That will be less disruptive to the housing market, Dr. Fishkind says but may mean that it takes longer for financial institutions to shed dud assets and regain the health required to extend new credit. In some of the former bubble markets, including Florida, (& California, adds DJR) the problem will be aggravated by looming defaults on option adjustable-rate mortgages ............
Is This Glass Half Full or Half Empty? Is This Good News or Bad News? G r e e n E a r t h E q u i t i e s . C o m
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Working On Foreclosed Homes Has MANY Benefits The next slide shows some cost comparisons between working while occupied by an owner and working on an empty house
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3405 E Fedora Worn Out T-111 Plywood Siding ($51,500) 3 Ton Condenser On Roof G r e e n E a r t h E q u i t i e s . C o m
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Fujitsu 2 Ton Heat Pump 16.5 SEER Inverter Technology Means Variable Speed For Both The Compressor And THe Fan G r e e n E a r t h E q u i t i e s . C o m
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Checking The Charge Note 3 and 4 ton units on neighbor’s homes. G r e e n E a r t h E q u i t i e s . C o m
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We’ll see how foam blocks forced into the cavity between the batt and the plate work... You probably have never seen this tried. I hadn’t either. One of the benefits of working with foreclosed homes is that you can try things. (like this whole job with the Ducted Mini Split) I’ll let you know the CFMs of infiltration at the Test Out at the end. G r e e n E a r t h E q u i t i e s . C o m
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Typical Inside Unit G r e e n E a r t h E q u i t i e s . C o m
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Concealed Unit With Return From Side (Will be modified to bottom return) G r e e n E a r t h E q u i t i e s . C o m
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Close Up Of Motor, Blower & Electronics G r e e n E a r t h E q u i t i e s . C o m
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Remember you have to provide a condensate Drain to the outside. (or pump, which we dont like because they have a tendency to fail sooner or later)
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Solution to the worn out plywood. Additional 1 inch of foam plus stucco G r e e n E a r t h E q u i t i e s . C o m
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Additional Gable Vent All Eave Vents Will Be Abandoned because keeping them open ruins R Value of the ceiling assembly G r e e n E a r t h E q u i t i e s . C o m
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Weeps must be left free to weep and flashing must slope down and away. G r e e n E a r t h E q u i t i e s . C o m
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The Former Side Draft Is Now An Up Flow G r e e n E a r t h E q u i t i e s . C o m
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Fujitsu Name Plate Condensers come in 2 or 3 tons G r e e n E a r t h E q u i t i e s . C o m
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Looking up at the key to the system and (we believe) the key to opening the American Market and Consumer to Mini Split Technology G r e e n E a r t h E q u i t i e s . C o m
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Proud Papa in the Inventor’s Workshop G r e e n E a r t h E q u i t i e s . C o m
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Gary Richardson, CBPCA and BPI trained HVAC & Building Performance Contractor, filling in for his job superintendent, who was on vacation. Showing the world that Old Guys Still Got It!
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Evacuating the System
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Rogelio Covarrubias Job Superintendent, checking out the SEER Rating or the Fujitsu heat pump.
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Smooth “Hard Pipe” and gentle square to round transitions minimize friction loss and deliver maximum air to the rooms. This was our main concern but these short, smooth ducts were our solution.
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Yahoo! It’s working better than we expected.
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718 feet per second. This is good velocity, which is what we were concerned about. The small ducts work because of the reduced heat load produced by the foam wrap, insulation and other energy measures.
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806 f.p.m. Is a little high but this unit is on its highest speed here at start up. It will slow down with the Inverter Technology when it is only having to hold its temperature. (Slower is quieter, but we still need enough velocity to get the air across the room. This is perfect. Saving G r e e n E a r t h E q u i t i e s . C o m
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