:: Solutions to the Homeless Problem ::

:: Wednesday, November 19, 2008 ::

Section 8 Voucher from HUD and IRS Tracking Loan is the Solution

Here is the letter I just wrote to President Elect Obama. I would feel guilty, as probably the only one in this country know the solution, if not sharing it to the new President.

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I have been helping you and the country by "bashing down" the gas price since June 17 when I filed an Anti-Trust Law Investigation with DOJ on Big Oils. There after, the gas price dropped, and I continue "bashing down" the gas price, therefore, the oil price, which will eventually save you and the country huge amount on US Trade Deficit since 1/3 came from Oil Imports, paying $54 or $147 per barrel, makes huge difference, i.e. $2B a day, or $700B a year difference, the scale of $700B Bail Out.

In the mean time, I also convinced Shiela Blair of FDIC to lobby increase FDIC insurance limit from $100,000 to $500,000 (only half accept and temporariy till end of 2009, which is WRONG! why? Wealthy people may not put million of 5 year CD's which the long term cash all banks desperatedly need, NOT short term that can not create stability)

The next thing I was going to share with next President is the key solution to solve all financial problem in one stone, that is deal with the ROOT problem. The root problem is sub prime, alt-A, housing mortgage ...etc. By applying Section 8 from HUD, all homeowner who need emergency to pay their mortgage payment will come from Section 8 Voucher, and therefore all mortgage payments are FED guaranteed, and all derivatives and mortgage paper values will be restored immediately. When that happen, all banks or financial institution including Fannimae and Fredimae will have all their lost paper values back instantly.

As I have documented the solution in the blog US government does NOT need to reinvent the wheel, HUD is there, Section 8 is there, and even better, IRS is there.
US government wants to help millions of Americans to "keep their promise", paying the mortgage payment they signed; therefore, all mortgage papers will be valuable again. That is to say, US government will provide some Section 8 vouchers to millions home owners need assistance (the grand), and together with a housing loan that will be collected back by IRS in the future. that is to say, if one desperated homeowner borrow $20,000 from US government for 5 years, going forward, their income will be deducted by IRS or increase the withhold amount each month.

This will be true for Americans looking to buy an American made cars. Banks may not want to loan money to buyers, fearing buyers may not be able to pay car payment, whereas US government will NOT because IRS can always collect future income from the car loan borrower. Even better, since most American worked for years, and they have submit FICA or Social Security for years, the government can consider to let them BORROW back the contribution.

In any case, if my proposal is NOT adopted, I will still continue helping you and US by basing down gas price, and you shall see that Oil price collapsed in the near future, and, of course, US Dollars appreciated, and Trade Deficit shrink and may be eliminated altogether.

As you know, with President's adoption, the solution is like placed into encyclopedia, and will work very fast. Otherwise, I will still let the solution placed in Wiki and it shall work very fast as well. Either way, you will be the greatest President in the US.

Why I have all these insights whereas all US scholars, experts, officials ... never able to see? It is because I have a unique experience of helping thousands of homeless to move off homelessness USING MY OWN money. When one using others' money can not get the fact and efficiency. And, I have seen all these homeless issues expanded into huge scale, but, fortunately, I got Homeless Solutions. Without homeless solutions, it will cost YOU huge to help.

For example, it cost Bloomberg, NYC mayor, $33,000 and 11 months averagely to help move off homeless. But, it costs me a few hundreds. You can see if you are dealing with millions of homeless rather than thousands like in NYC, your burden is huge!!!

On the other hand, if you can find anyone who spend his own money and resources to help thousands homeless to move off street, that person can provide you the same very cost effective solution on Housing issue in general, after all, each homeless was evicted by landlord or foreclosure or lost job ...etc at one time of their life. How to quickly and cost effectively restore their life and productivity is the key.

Subject Thanks for sharing your vision
From The Obama-Biden Transition Project
Date Wednesday, November 19, 2008 1:20 am

Thanks for writing to share your thoughts on where the country should go.

There will be many more ways to get involved in the weeks and months to come -- and with a lot of hard work ahead of us, we'll be counting on you to help.

Thanks,

The Obama-Biden Transition Project
http://change.gov
:: Mr Cheng 1:22 AM [+] ::
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DOJ should investigate Anti Trust Law Violation of Major Oil Companies in the US.

On June 17, 2008, I filed a petition to Department of Justice to investigate big oil companies on the violation of Anti-Trust Law. Ever since then, the oil price came down from $147 all time high to below $90, and I expect it to continue going down to $50's or much less. Then, there was news saying the oil price surged was NOT due to demand and supply as Senate report said but hedge funds pump $60B into oil commodity since early this year. In any case, it is obvious that big oil companies do NOT have sufficient competition, and DOJ should break them up to many smaller companies.

The impact on this oil price collapse is that millions of ex homeless or barely homeless American families would be more likely to afford heating oil for the cold winter to come. And, charity organizations short of funding to subsidize expensive heating cost of poor American families can have some breath. Instead of sending hundreds dollars here or there to help many poor families to get heating oil or paying heating bill, we should all continue requesting DOJ on investigation of Anti Trust Law violation of Big Oils is the solution.

Whoever supports Obama or McCain should pass this working solution to their favoriate Presidential candidate, and I believe, whoever can solve this oil price issue will not only be a great President of the US and will win the Nobel prize.
:: Mr Cheng 11:15 PM [+] ::
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Give Top University Opportunities to talent kids from Homeless Families

In respond to letter from dean of John Hopkins University below, I was thinking that wealthy top universities in this country should provide more opportunities to talent kids from American homeless or poor families, especially, wealthy universities such as Harvard, Yale, Princeton, Stanford ...etc that have accumulated billions of donations sitting there idling.

Talent kids from homeless or poor families often under disadvantage situation, and it is not their fault to be poor as high school graduates. High tuition barrier from top wealthy universities is a shame. If the wealthies top univesities with the means and numerous talented faculty and students do not care of 30 millions of homeless or poor American families, you know we are far from great nation of the world.

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Dean of Undergraduate Admissions
John Hopkins University

Dear John Latting,

Thanks for your kind letter and invitation to JHU for my son who just got admitted to UC Berkeley major Chemistry. He applied for UC Berkeley because Berkeley ranked #1 in Chemistry.

Nonetheless, JHU is one of the best universities in the world, and we visited JHU in the past, among all other top universities. I have to say JHU's visitor program is one of the best. In fact, we also visit JHU quite a few times by ourselves.

Unfortunately, after visiting UC Berkeley, my son Larry decided not to accept the admission because there are too many homeless people all over the campus, at Berkeley streets. Not that he is unsympathetic to homeless American, in fact, we have helped thousands of homeless to move off homelessness. He felt $200,000 going to UC Berkeley (just non residence fee itself cost $20,000 a year) could be better spend to help hundreds of homeless Americans to move off homelessness.

For the same reason, he did not apply for JHU because every time we visit Baltimore, especially, on the route to JHU, we inevitably saw so many homeless people, here and there. His broken heart prevent him from dreaming to go to luxury university like JHU.

I wish you and JHU understand that we all regard JHU is one of top universities, and I encourage my son that even if he will not go to JHU for undergraduate, he could still consider its graduate school in the future. In the mean time, please remove him from your mailing list so that more admission resources can be redirected to other talent kids.

Sincereley Yours,

Cheng
:: Mr Cheng 12:43 AM [+] ::
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Reflective Survival Blanket and cut A/C and Heating Cost a lot

Reflective Survival Blanket when hanging on the window can keep heat and sunlight out of the house and cut your A/C cost tremendously. If use properly, you may be surprised that you do not need to turn on A/C at all.

In the winter, if you hang it on window inside out, it will prevent heat inside the house to leak out in radiation way. If combine with other measure, such as let sunlight shine in in sunny day to have green house effect, you may not need to turn on heat because sunlight may heat up the house 10 degree, and cooking a dinner may heat up 5 to 7 degrees, and taking a shower may heat up 1 to 3 degree ...etc.

This is the same effect as Reflective Auto Shade of $5 but can effectively reduce the heat inside the car when placed at dashboard window.

You can get Reflective Blanket at stores like Target, Walmart or Sears at camping section, and someone found one big sheet at dollar section of Target. Just got one or two and tape it at the window with facing south west could obtain immediate cool down cost effectively.
:: Mr Cheng 12:34 AM [+] ::
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Pack Rat can help moving, storing or save money

Pack Rat may be a good solution for families facing foreclosure or need to save mortgage or rent for a few months to recover.

For example, if one family can not afford to pay mortgage, may need to pack all the valuables such as furniture, books, clothes ...etc, and store somewhere, and temporarily move to relative's home for a few months, or shelter, ...etc. Later, when able to rent a place, can move the items back.

For example, a student may save money by moving all the items into a container and store in the warehouse while taking a vacation home before coming back after summer vacation.

For example, one may help their brother or sister family to store all the stuff in the container and park at the driveway while helping them to getby and move to the new place when available, and they and share the home, while access their items in the storage container at driveway, instead of moving everything in to crowd the guest house. Accessibility to their stuff often help a "homeless family" with a "home" feeling.

Many homeowners who got a buyer but not able to align with a new place to move to may be able to store all their stuff and stay in motels for a few weeks or with parents or friends.
:: Mr Cheng 12:24 AM [+] ::
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DirectExpress Debit MasterCard will Help Many Homeless and Poor Families


DirectExpress Debit MasterCard will Help Many Homeless and Poor Families, especially, 4 millions of American families without bank accounts due to the fact U.S. Treasury Introduces Direct Express(R) Debit Card for Social Security Payments.


From my first hand experience of helping thousands of homeless, former homeless or to be homeless families, without bank account cost lots of check cash fees and transaction cost of getting the cash assistance into the families' hand in a timely manner, e.g. to avoid eviction or electricity service cut ...etc. I often had to ask the homeless family to find a friend who has bank account to direct deposit emergency cash assistance to the account to avoid fee, or even more importantly to reach to the needed family safely and in time. Sending a check often been lost or cashed by neighbors (also poor families, after all, former homeless families can only afford to rent at poor community).


Timing is also very critical. Many poor families came to me for help simply because their SSI check did not arrive on time on 3rd of the month. Many to be homeless families simply short of temporary cash and cash assistance from government arrives on time is very critical.


The government should also work with major US banks to waive the fees of the homeless or poor families. For example, many families I helped, I often found it is easier to go talk to branch manager to "waive" the late fees, which could accumulate to a few thousands a year, and some later late fees even depend on earlier late fee to make the account overdrafted, and eventually force the families to either give up the bank account or denied the service all together. The 4 millions American families do not have bank account has a lot to do with this.


So, I often told the bank managers that I do not ask them to help homeless families (after all, it is so difficult to ask bank managers who making 6 digits to help homeless families any way, try it!), but if bank do not rob money from poor families in an institutional way, many of the 8 millions American homeless families could not have become homeless at the first place.
:: Mr Cheng 9:35 AM [+] ::
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I just picked up this great news from Trulia, and many people are getting excited that real estate is turning back up in Greater Edison NJ area and New Jersey.


We need to continue helping millions of prospective buyers to buy a dream home at collapsed mortage rate effectively that way millions of sellers would be able to sell and move up to buy their dream home.
:: Mr Cheng 5:26 PM [+] ::
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