Archives for September 2011

WE NEED CONGRESS TO EXTEND LOAN LIMITS: Home Builders

fb_frame_1With the Oct. 1 deadline rapidly approaching when the conforming loan limits for Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) will be lowered, the National Association of Home Builders (NAHB) recently called on Congress to move swiftly to extend the current loan limits to prevent further damage to the already fragile housing market and lackluster economy.

“Congress must act now to prevent the loan limits from reverting to lower levels,” says NAHB Chairman Bob Nielsen, a home builder from Reno, Nev. “A drop in mortgage loan limits would reduce housing demand, and place downward pressure on home prices in major markets. This would exacerbate the current housing downturn, trigger more foreclosures, impede job growth and endanger the fragile economic recovery.”

As a result, NAHB is engaged in a major grassroots push and association members are being urged to contact their members of Congress and seek their support for immediate efforts to extend the current loan limits.

If Congress fails to act, the loan limits will revert to the lower levels for high-cost areas established under the Housing and Economic Recovery Act of 2008.

The national ceiling for mortgages securitized by Fannie Mae and Freddie Mac or insured by the FHA, would drop from $729,750 to $625,500 and the formula for establishing area loan limits would become more restrictive, producing decreases for areas in addition to those currently bound by the national ceiling.

Loan limits are based on a percentage of median area home prices. A recent NAHB study found that if the limits are allowed to revert to 2008 levels, millions of homes would no longer be eligible for Fannie Mae, Freddie Mac and FHA funding and would have to be financed with mortgages requiring higher interest rates, fees and down payments and more stringent credit standards.

While the changes would affect only a minority of counties in the nation, those areas represent large concentrations of homes and population. The counties affected by the changes in the FHA limits contain nearly 60 percent of all owner-occupied homes; the counties affected by the Fannie-Freddie changes contain nearly 30 percent of all owner-occupied homes.

Bipartisan legislation to extend the current federal home loan guarantees is pending in both chambers of Congress, but with the Oct. 1 deadline looming, time is running short.

“Credit conditions for home builders and home buyers are already extremely tight,” says Nielsen. “Reducing the loan limits would further restrict overall mortgage liquidity and make it even more difficult for potential buyers to purchase a home. Congress must not allow this to happen.”

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Hit Man Returns: Music Review

hitman2When I was in Edmonton this past summer, my dear friend John played me a DVD from the David Foster concert “Hit Man Returns”, the follow-up to the 2008 “Hit Man”. While there is a CD, it is a shortened 11 song selection. What follows is a review of the DVD version of the show.

David was introduced to the crowd by 2 Olympian skaters, Kristi Yamaguchi and Brian Boitano, both of whom have skated and performed to David Foster’s music back when they were actively competing. David nails his “Winter Games” Theme from the Calgary 1988 Games.

Kenny Loggins joins the stage with a couple of songs, "Heart to Heart" and "Forever". He was followed by Gary Wright, one of those artists that I have never seen, but certainly heard. "Dreamweaver" was very tastefully done.

Chaka Khan’s first appearance (one can never get enough Chaka) was her signature "Through the Fire". It was spot-on Chaka, accompanied by the EWF horn section.

Next, "All-4-One" took the stage, more of the stage that is… They are a little bigger now. They nailed two of their chart toppers "I Can Love You Like That" and "I Swear".

Natalie Cole is so elegant. Her voice, sultry while mellow, gives me chills. “When I Fall In Love”, is a wonderful duet with American Idol champion Ruben Studdard.

Jackie Evancho – of “America’s Got Talent”, has the voice of an angel. Her interpretation of “Pie Jesu” is outstanding and her innocence is disarming. She was followed by the "Canadian Tenors".

Michael Bolton and Seal (may I say, that guy can flat out sing!), perform an interesting medley of "When a Man Loves a Woman" and "It’s a Man’s Man’s Man’s World", which segued to Chaka Khan’s "I’m Every Woman".

David Foster described "Earth Wind & Fire" as his favorite band of all time. They open the second act with a horn filled explosion: “In the Stone”, “September” and a little “After The Love Has Gone”. Seriously, these guys sound better than ever. The band is unparalleled in groove and tightness.

For a change of pace, Lara Fabian presented an enthralling version of "Caruso".

A major shift happens, when some Broadway artists presented the tear-jerker “Say You Remember It” from “Betty Boop: The Musical”

A sharp contrast follows when Ne-Yo sings “Miss Independence”. He’s joined by Charice, doing her best impression of Michael Jackson on “Earth Song”, climaxing with the lament of a howling slide guitar, magnificently played by Robert Randolph.

Martina McBride does a whimsical rendition of Chaplin’s classic, “Smile”, followed by a powerful “We’ve Got Tonight”.

Ruben Studdard returns to the stage to sing the almost over-sung “Home”. In my opinion, his take on this Foster tune makes the others pale in comparison.

The vocal highlight of the concert is Charice singing "All By Myself", a performance way beyond her young age. She nailed it, and was rewarded with the longest standing ovation of the night.

What would a David Foster concert be without “The Prayer”?! Laura Fabian is joined by Michael Bolton in a respectable presentation. However, this is not the quintessential version of this now landmark piece.

The incomparable Donna Summer closes out the concert with a quartet of tunes. Seal joins her for a couple, and she ends the show with the appropriately titled "Last Dance".

Exploded in 3D: Architectural Perspective Projections [Pics]

Isometric, dimetric, trimetric and oblique axonometric … it sounds like a slew of geometrical gibberish, but these kinds of representations are some of the richest ways to show off key aspects of a work of architecture (or furniture or industrial designs, for that matter).

Constructing such a drawing used to take incredible amounts of time, but digital modeling makes slicing, dicing and reorienting a building a simple task once the elements are all in place (and switching between having lines in parallel or perspective as easy as the push of a button).

But creating a perspectival snapshot is only half of the equation – from there, all kinds of information can be layered in and around the picture, turning it into the backdrop for further visual communication rather than the finished work.

Some architects and engineers stick to pure and simple functionality, using rigid axons to show the material and structural palette in play with a given project, or using basic contrasts to reveal a core feature in the design.

Others play with angles and context, to give a sense of the larger picture, the look and feel of the building itself, and the methods of assembly all in the same image that can be readily understood by even a casual viewer (but contains additional details upon closer examination).

Wood Wallpaper: Peeling Paint has Never Looked So Good

Organized patterns are easy – controlling chaos is complex. Comparably, buying new is simple, but even simulating age takes time. These vintage-style wall coverings are quite seamless solutions to a quick-and-cheap vintage look.

Dutch designer Piet Hein Eek has created black, white, pastel and natural wood combination papers perfect for adding an accent wall alongside painted companions.

Each of the six rolls is made of quality high-resolution, non-woven, colorfast and washable FSC-certified paper, and contains four square meters of scrap wood-style sheeting.

All of it is conveniently and appropriately packaged in a simple set of brown cardboard boxes, elegant but efficient as well.

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How Big a Backyard Would You Need to Live Off the Land?

backyard_farm

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Changing Our English One Thumb at a Time | It Thing!

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Monsanto: Portuguese Village

Monsanto was voted in 1938 the “most Portuguese village in Portugal” nestles on the slope of a steep hill (the Monsanto head, known in Latin as Mons Sanctus), which rises abruptly above the prairy and reaches a height of 758 meters (2486 feet).

The most typical aspect of Monsanto is the fact that the village developed around impressively big and miraculously balanced granitic boulders.

One of the most symbolic traditions of Monsanto is the Festival of the Holy Cross, held on the 3rd of May, to commemorate the resistance to a long history of sieges: the women carry to the top of the castle typical rag-dolls (known as “marafonas”) and clay jars full of flowers are thrown from the walls.