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TELLING THE TRUTH -- NOT IN THIS PERSON'S VOCABULARY

I'm a Dallas Realtor.

 
A while back, I co-oped with a listing agent whose license hangs with a well-known Dallas real estate firm.  It was obvious from the beginning that the agent not only knew the ropes, but practiced them.  Practiced them so well that I can say here and now that person has to be within the top five in competency of all of the agents I've worked with since 1964.

There couldn't be a Realtor on this planet who, if they worked with this agent once, wouldn't say it was technically an incredible experience.  And believe me, that's a rare bird these days.

There was one problem:  The agent lied to me over and over again.  I mean big lies.  One after another; all told to me straight-faced.  Lies that didn't gain the agent any ground; just lies for the sake of telling a lie.

If that agent worked for me, I'd fire the agent, and then I'd morn the loss forever. 

What is it about the real estate business that somehow encourages this kind of behavior?  Whatever it is, I abhor it, don't you?

What about the Realtor you used when you bought your home?  How about those you come in contact with in the business you're in?

 

BILL CHERRY, REALTORS

DALLAS

1 800-314-7110 - 24 hours

Our 43rd Year Selling Texas

 
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Letter to Those At Home About Obama's Visit to Bagram

 When this blog was posted, its contents was an email letter that one of my close friends had gotten for what she thought was a very reliable source.  Interestingly, the email letter was apparently verified to have been sent by the email's author, but its contents have been refuted by Army Officials.
 
New York Daily News' James Gordon Meek of their Washington Bureau, called me the other day as he attempted to get to the bottom of whether or not the email's allegations about Senator Obama were true.
 
This afternoon, Mr. Meek sent me a copy of his copyrighted pieces.  You can read them at the Daily News' web site. 
 
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GOVERNMENT BACKED MORTGAGES - A THOUGHT

If one were to go back in time and review the sequence of events that not only caused the Federal Deposit Insurance Corporation and the Federal Savings & Loan Insurance Corporation to be formed and then what happened thereafter, it might be eye-opening.

But you'd have to consider the various bank and savings and loan association problems that caused it to evolve to what it is today.

Nevertheless, from almost the beginning, for a financial institution to be a member of the appropriate insurer, the institution had to be a member and pay dues based on its risk to the insurer.

If you owned a member bank that made lousy loans, you paid more in premium percentage than did the conservative bank of the same size.

So in essence what this meant was to be able to borrow Fed funds and insure the accounts of clients, each bank had to participate in the losses of the whole.

Perhaps the lack of membership by mortgage brokers in the federal backed loans they broker is the fly in the ointment. Perhaps mortgage brokers should be required to be members of an insurance corporation that guaranteed mortgage lending losses.

And perhaps that premium would be calculated and assessed on the default ratio of the mortgage broker.

After all, it's not very smart to allow mortgage brokers to generate income for themselves all the while knowing that they will not be held financially responsible for the loans they made that turn out to be burdens.




Copyright 2008 - William S. Cherry

All Rights Reserved
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THE PROS AND CONS OF REVERSE MORTGAGES

Reverse mortgages have been around for a number of years, but only recently have they been legal to market in Texas.
 
Basically, the idea is that senior citizens needing more cash and income than they have, can borrow a substantial portion of the cash equity from their home, and they can then live in their home without making a mortgage payment for the remainder of their lives. 
 
I have been in the real estate business for the majority of my life.  And I have also been an officer and director of three banks.  On top of that, my graduate education is in real estate, banking and life insurance.  Combining all of that into a big pile, one would probably think I would be licensed to sell reverse mortgages.  I'm not and I don't plan to be.
 
Thus far, everyone who has spoken with me about reverse mortgages, at least in my mind, has been a poor candidate for that product.  Reverse mortgages are not cheap, and they are predicated on what the future holds for the borrowers.  In most cases, seniors have no business going into the waters of the mysterious.
 
If you would like to have an easy to understand four-page piece that explains Reverse Mortgages in a question and answer format, I have written one and I'll be glad to send you a copy.  You may email cherrysells@aol.com or you can order it toll free by calling 1-800-314-7110 and leaving your name, mailing address and email address.  You can be assurred that you will not be called.
 
Should you then decide that a reverse mortgage is a proper product for you or a friend or family member, I'll be glad to put you in contact with a specialist who is honorable and above board. 
 
BILL CHERRY, REALTORS
DALLAS
1-800-314-7110
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SOME HOTELS HAVE BECOME DEADBEATS

           BILL CHERRY
 
I want to tell you of two recent and interesting experiences.

While in "real life" I am a Realtor, for years I have also tuned pianos. Why? Because I have always loved pianos. And I've played side gigs for more than 40 years. Why? Because I love pianos.

Now the way you find me is from a referral from one of your friends or from my piano tuner web site wee.billcherrypianotuner.com

And the web site makes clear what the price is, that I only take cash or check, and that there is no credit for anyone. Period.

And when people call to schedule my services, I tell them the price and that I must be paid by cash or check at the time of the tuning. No credit cards, no accounts payable.

Individuals understand this. And until recently, hotels did as well.

However,during the past two months both a Marriott brand and a Hilton's Doubletree in Dallas called at the last minute begging that I come quickly and tune the hotel's piano...they had a function that required the instrument be in tune.

I rearranged my schedule each time and tuned the pianos. And that's when the person who hired me told me that it was against the hotel's policy to pay at the time of service.

I would have to turn in my invoice and a 1099 and wait for a few days before the check would be sent to me. Nevermind that wasn't our deal!

"You knew the deal. You chose to deceive me"

And then I said, "You know if I brought six people in for dinner in your dining room, and when the waiter brought the bill, I told him I'd send my personal check in a few days, you would call security, wouldn't you?

"And that would be because I had no credit arrangements with you.

"Now you made no credit arrangements with me, yet I'm supposed to play by your rules because you are a national hotel chain."

So how did things come out? The Marriott took more than a month to pay me. The Hilton Doubletree near NorthPark still hasn't.
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Texas Escapes Magazine -- You'll Enjoy It -- Free, too

I don't remember the reason or the occasion, but about a year ago or so, I came across a web site magazine called Texas Escapes.  The address is www.texasescapes.com.
 
I've been writing stories and tales about Galveston, Texas' colorful past for many years, primarily for its local newspaper, but also in a book Bill Cherry's Galveston Memories.  Interestingly, and much to my surprise, thousands of the book have sold.  And readers of the Galveston County News, "Texas Oldest Newspaper," have endured more than six hundred of my stories.
 
Well, Texas Escapes had a front page that reminded me of a store window at a 1948 Woolworth dime store.  Everything inside the magazine had a place on the cover to click to see it.  And there were a handful of writers who had monthly columns, and they were using them to tell their Texas tales and memories.
 
I thought I might like to write a monthly column, too.  So I contacted the publishers/editors, husband and wife team John and Kate Troesser.  And as we got to know each other via back and forth emails, I realized that we were all sort of eclectic American literature eggheads.  John has stories about the famous Algonquin Round Table.  I do, too.
 
So I couldn't resist writing for them, and fortunately they couldn't resist wanting me to.
 
John told me the other day that Texas Escapes has just celebrated its tenth anniversary and that it now has a monthly readership that approaches 500,000.  That seems to me to be a lot.
 
This month my column is a personal story about Dr. Michael DeBakey, the famous Houston heart doctor who passed away last week at 99.  The guy apparently liked to drive passenger buses.  You'll enjoy this one.
 
Those of you who are interested in all things Texas -- old photos, travel guides, stories like I write -- will enjoy www.texasescapes.com.
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WAY TO GO, YOUNG BANKERS! HOW MANY MORE BILLIONS?

I am related by marriage to a major bank's headhunter.  He's approaching 40.  He's offering $200,000 a year jobs to those in their twenties and thirties who will be personal and corporate bankers of sorts. 
 
Their very reason for existence is to talk people and companies into depositing and borrowing.  They are sales people, not bankers, not financial wizards. 
 
When I was a banker more than thirty years ago, that same guy making loans and soliciting business was lucky to make $18,000-$25,000 a year.  And prior to the bank job, after college he had probably served at least three to five years as a Federal bank examiner. 
 
So he knew how a bank worked, inside and out, and he had done enough credit auditing of loans gone bad to recognize their components.
 
And every bank back then had at least one credit officer.  His job was to accumulate all of the financial information about the prospective borrower, then to apply the good-sense credit formulas he had learned in school.  The credit officer had the final say as to whether it was prudent to make a loan or not.
 
If a bank had an overall delinquency of more than 3 or 4 percent when the examiners came, the bank was seriously repremanded for loose lending policies.  Foreclosed property seriously hindered a bank.  They not only had to write down the value of the asset, but they had to set aside an extra reserve for loss.  That affected capital and profits.
 
Recently, I began thinking it would be fun and interesting to return to working for a bank.  It seemed to me it would make great sense for any bank to want a senior citizen like me to represent its senior customer base.  So I asked my headhunter relative by marriage about that idea.
 
"If we see any work experience on a resume that begins prior to the middle-seventies, we don't read any further.  The bank won't consider anyone that old," he said.  I suppose the federal law regarding employment discremination against older Americans is disregarded.
 
I responded, "So the fact that I have posted a bank's general ledger, run books of accounts with old-fashioned machines, made loans, audited car dealer floor plans, and have graduate degrees in banking and economics, have taught banking and finance on the college level is not what any bank wants?"
 
"That's right," he said. 
 
Well I have really been basking in the banking and mortgage messes these young financial wizards have manufactured with their own hands and wits.  Every real banker -- those of us who actually learned and know banking --on this planet knew that they would crash and burn.
 
Now it will be interesting to see if it occurs to them to hire some of us old-timers back to straighten things out, or if they would prefer to loose billions of dollars more of depositors' and taxpayers' money. 
 
Paradoxically , they are the ones worrying about what continuing the Social Security program will do to the country's economy.

"Shoot for the moon.
Even if you miss, you'll land among the stars!"
- Band Leader Les Brown


BILL CHERRY, REALTORS
Our 43rd Year Selling Texas
214 503-8563
1-800 314-7119

www.billcherrybroker.com

 
 
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Ralph Kramden & Dr. Michael DeBakey Had a Common Passion

Dr. Michael DeBakey, RIP

 

By Dallas Realtor Bill Cherry

 

It was the early spring of 1972.  We had gone to Washington, D.C., to handle the politicking necessary to establish an investment company I was to head for a Texas financial institution. 

 

We were rushing to get through with our business because Congress was to recess on Friday for the Easter holidays. 

 

Although our plane was to leave Washington-Dulles for Houston about 5 o’clock, we decided we’d go early so as to make certain we’d have a cab and that the terrible traffic that would surely be leaving town with us wouldn’t cause us to be late for our plane.

 

We got to the airport in the nick of time.  After we checked in with the agent and threw our luggage on the platform next to the desk, within moments the lobby began to quickly fill-up.

 

I started getting star struck.  One after another, congressmen and senators who I had seen on TV and read about in Time came into the huge room.  There were so many of them that for me it soon lost its glamour. I swear it did. 

 

But then fellow-Texan John Connally, who at the time was the Secretary of the Treasury, came in the door that was at least a football field away from where we were sitting.  I have never experienced anything like it.  All I could see was John Connelly among a sea of what to me were now out of focus Little Orphan Annie-esque, eyeless people. 

 

It was the first time that I ever truly experienced seeing someone that I knew without a doubt had charisma.  Very tall, in a dark and perfectly tailored suit, white shirt and rep-striped tie, with square, chiseled face and mounds of white hair.  He was all I could see.

 

Now if you’ve flown in or out of Washington-Dulles you’ll recall that they have what they called mobile lounges.  Passengers ride out to their planes on these big busses.  And when the bus arrives, it has a scissor jack underneath that lifts the bus’ cabin so that its door and the plane’s door are side by side.  Then the passengers simply walk onto the plane.  These things hold at least a hundred people..

 

My associate and I were among the first to get on the mobile lounge, a few others came on, then a familiar looking person got on.  He was dressed in black pants, a black turtle neck sweater and black motorcycle boots with the silver chains across the fronts.  His hair looked greasy and it was way too long, and he had on very large-lens glasses. And this fellow wasn’t a kid.

 

And then it hit us.  It was famous heart-surgeon Dr. Michael DeBakey.  He sat down to my right, one row up, and was totally unrecognized by the other passengers.

 

John Connelly was the last person, everyone recognized him, so he got a round of applause.

 

As we were getting ready to leave for the ride to the plane, the driver came back to Dr. DeBakey and said, “Doctor, are you going to drive us to the plane today?”

 

I couldn’t believe my eyes when Dr. DeBakey got up from his seat, took the driver’s seat and drove the mobile lounge to the plane.  And when he got there, as if he had done it a thousand times before, he engaged the scissor jack, and raised us so that our door and the plane’s met perfectly.

 

He stood up, turned around, and everyone by now knowing who he was, gave him a standing ovation.  Mr. Connally stood and clapped, too.

 

With that, Dr. DeBakey smiled and walked on to the plane.  John Connally did, too. 

 

But interestingly, as we walked off of the plane, that Mr. Connelly had ridden with us was no longer such a big deal. 

 

Last month, I found one of my Tulane University yearbooks.  I knew Dr. Debakey had done his undergraduate and medical school work there, but I was surprised to see that his son, Michael, had as well, and we had been classmates.

 

Copyright 2008 – William S. Cherry
www.billcherrybroker.com

All Rights Reserved

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T. Boone Pickens

CNN and MSNBC are running commercials bought by and featuring 80-year old oil icon T. Boone Pickens.  In less than a minute he tells viewers exactly what the oil crisis has cost the United States so far.  And he reminds us that there is no end in site. 
 
He's right on when he says that the problem isn't as much the cost of oil to the consumer, as it is that billions of U.S. dollars are leaving our economy to the nations were we are forced to buy our oil.  Mr. Pickens says one new formula to quickly reduce our dependency is by creating energy through wind turbans, and that's the direction he plans to take his company.
 
Whether or not wind turbans will make a significant difference or not, I don't know.  What I do know is that the majority of our economic problems have their genesis in our inability to produce at least the major portion of our energy.  It is further complicated by the idiotic lending policies of several major financial institutions.
 
And American's have had more than enough of this mess.  However, Congress and the administration don't seem to have gotten the message yet.  They will in November.  Mr. Pickens is a hero.  Mr. Greenspan isn't.
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Jesse Wasn't a Friend of "Fox & Friends"

This is the lead from a story in today's paper about Jackson and Obama and Fox & Friends:
 
"CHICAGO (July 10) - The Rev. Jesse Jackson apologized Wednesday to Barack Obama for making a 'regretfully crude' comment about the Democratic presidential hopeful during what he thought was a private conversation three days ago."
 
Apparently Mr. Jackson was visiting one on one with another guest off-stage at Fox.  What he said was captured by an open mike.  Fox threatened to air what he said, so in advance of that, he publically apologized.  Who ought to be apologizing is Fox and the producers of their program, "Fox & Friends."
 
It would not be very credible for them to claim that the mike was inadvertently left open, and that the recorder hooked up to it was inadvertently on "record" and running.  No, they set this all up to listen in on a conversation to which they were uninvited.
 
It's the "gottcha" thing that makes me crazy.  It's bullying and totally lacks professional decorum.  And then Fox makes it worse by adding on to it the threat that it will be used as a source of embarrassment for Mr. Jackson.
 
I don't know as I'm a fan or not a fan of Mr. Jackson's.  I don't pay more than cursory attention to him.  Nevertheless, I think he was treated unfairly, and that's what I'm very much oppossed to.  That's unquestionably bad and unforgivable journalism.
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OBAMA & MC CAIN COMPARE TAX PROPOSALS

OBAMA VS. MC CAIN OR.....

It's Time to Consider Your Pocketbook
  

CAPITAL GAINS TAX

MCCAIN:        
0% on home sales up to $500,000 per home (couples). McCain does not propose any change in existing home sales income tax.
OBAMA:   
28% on profit from ALL home sales
             
 
If you sell your home and make a profit, you will pay 28% of your gain on taxes. If you are heading toward retirement and would like  to down-size your home or move into a retirement community, 28% of the money you make from your home will go to taxes. This proposal will adversely affect the elderly who are counting on the income from their homes as part of their retirement income.

 
DIVIDEND TAX
 
MCCAIN :      15% (no change)
 
OBAMA  :      39.6%
       
 
If you have any money invested in stock market, IRA, mutual funds, college funds, life insurance,  retirement accounts, or anything that pays or reinvests dividends, you will now be  paying nearly 40% of the money earned on taxes if Obama becomes president. The experts predict that 'Higher tax rates  on dividends and capital gains would crash the stock market, yet do  absolutely nothing to cut the deficit.'

INCOME TAX  (find your bracket)

MCCAIN         (no changes)
 
Single making 30K - tax $4,500 
Single making 50K - tax $12,500
Single making 75K - tax $18,750
Married making 60K- tax $9,000
Married making 75K - tax $18,750
Married making 125K - tax $31,250
 
OBAMA  (revers
e all tax cuts)
 
Single making 30K - tax $8,400  
Single making 50K - tax $14,000  
Single making 75K - tax $23,250  
Married making 60K - tax $16,800  
Married making 75K - tax $21,000  
Married making 125K - tax $38,750
 
Under Obama, your taxes will more than double!
           

INHERITANCE TAX
 
MCCAIN   0%     (No change, Bush repealed this tax)
 
OBAMA               Restore the inheritance tax
 
Many families have lost businesses, farms, ranches, and homes that have been in their families for generations because they  could not afford the inheritance tax. Those willing their assets to loved ones will only lose them to these taxes. 

NEW TAXES BEING PROPOSED BY OBAMA
  
New government taxes proposed on homes that are more than 2400 square feet.
 
New gasoline taxes (as if gas weren't high enough already)
 
New taxes on natural resources consumption (heating gas, water, electricity)
 
 
New taxes on retirement accounts, and last but not least....
 
New taxes to pay for socialized medicine so we can receive the same level of medical care as other third-world countries!!!

 You can verify the tax information at http://money.cnn.com/news/specials/election/2008/index.html

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Conservative Hosts Are Getting on My Nerves

It is bewildering to me that some of the important conservative talk show hosts continue to air their displeasure with the decision that John McCain will no doubt be the Republican Party's candidate.
 
What is the benefit of this?  The hosts' preferred candidates lost.  Their candidate, whomever it was, was not the choice determined in the primaries. 
 
Their continuing to criticize, complain and berate Senator McCain has no value for the Republican Party or the nation.  Instead and it aids the Democratic candidate. 
 
Great idea! Do what you can to help the opposition's candidate win. 
 
Then we'll have at least four years of listening to the hosts tell us how the Republican Party could have won the election.  I, for one, won't be listening.
 
As much as I have always like Laura Ingraham...and I mean for years...I'm no longer listening to her program because of her broken- record-displeasure. 
 
But then several others of them aren't far behind.
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It All Started with Trumps "The Art of the Deal" - By Realtor Bill Cherry

I THINK IT STARTED WITH DONALD TRUMP'S "THE ART OF THE DEAL"

I blame it on Donald Trump and his personal how-to books.  Actually not him, but the public's interpretation of his how-to books. 

And I do because it seemed to have started about six months after The Art of the Deal hit the bookstores and was a run-away success.

While most Gentiles probably intuitively knew it, most didn't know that proper business dealings followed a Jewish mitzvah which paraphrased means, "Make certain there is something on the table for everyone."

The idea is that even if you have the upper hand in a negotiation, it is your moral obligation to make sure that the terms are fair and fair to all concerned.  When you don't, to Jews it is similar to having broken one of the Ten Commandments. 

I think I must have been about fifty when The Art of the Deal made amateur negotiators into pseudo-Donald Trumps.  I remember how appalled I was that one of my clients of many years started unfairly beating up --- making impossible demands --- on a poor fellow who was trying to sell his property to him for a fair price.

I stopped the meeting, and asked my client if I could speak with him in the hall.  When we went out of earshot of the others, I all but yelled at him, "What in God's name are you doing?"  He told me that he was doing what he had learned Donald Trump did.

Well, I told him, "That's not real, and even if it is, you're too honorable of a man to take those ideas into your bag of tricks."  Then I said, "There is a Jewish mitzvah  that says 'Make certain there is something on the table for everyone.'  We're going to continue doing our business together that way, or you need a new Realtor."  He knew I meant it, and we'd had too many successful dealings together for him to let me go on my way.

Then I learned he wasn't an anomaly.  Lots of people began thinking they were Donald Trump.  Even those guys on TV who push the books that tell you how to buy million dollar mansions with a buck and no risk to your credit.

Saturday, I presented a clean and full-price contract to a listing agent.  In the old days, the seller would have signed his name and been thrilled.  Not this time.  The contract was sent back to me countered with about twelve ridiculous Donald Trump Demands.  And, in reality, they didn't mean a darned thing to the seller except he didn't want my client to have them.

So what is my point?  It is that real estate agents and attorneys have a professional obligation to all parties.  They must do their very best to restrain their clients from being Donald Trump The Art of the Deal interpreters.

 

BILL CHERRY, REALTORS

DALLAS

1-800 314-7110

OUR 43RD YEAR SELLING TEXAS

 
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OFFICE MAX IS REALLY "OFFICE MINIMUM"

Recently I’ve had three interesting experiences with the Office Max store in Dallas that is near the intersection of Park and US 75.

 

Let me set this up for you.  I have an HP printer for my computer that uses small ink cartridges.  In fact, so small that I buy at least one black cartridge a week, and one color cartridge every two weeks.  Both Office Max and Office Depot give you a $3 discount when you return the empty ink cartridge.

 

I’m a built-in $100 monthly annuity for an office supply store.  And since Office Max is the closest to my office, they got the annuity.  And with that came the other office supplies I picked up each time I went for ink.
 

Last week, I bought a new black cartridge, installed it, and it had no ink in it.  I took it back.  The clerk, who appeared to be some sort of manager, insisted that I had brought back a cartridge I had already used, so he refused to replace it.  (I'm 68-years old, and was dressed in a coat and tie...hardly the age and look of someone on a binge to steal 15 bucks from an office supply store.)

 

He suggested that I let him refill the empty cartridge from some gizmo the store has so I could at least save a couple of bucks.  I was trying my best not to get into an argument.  So, OK, I let him refill it.  That cartridge spattered ink all over everything when I tried to print with it.  I took it back for a replacement.  Same guy told me it couldn’t possibly be the refilled cartridge, it had to be a malfunctioning printer.

 

I left and went to Office Depot, bought a new HP cartridge, installed it and it worked fine.  I swore I wouldn't go back to Office Max again, I'd watch how their corporate stock traded instead.

 

Today I was in a big hurry.  I broke my promise to myself to never buy anything from Office Max again.  I was inadvertently out of printer ink, and I didn’t have time to drive the extra distance to Office Depot.

 

I handed my empty cartridge to the cashier for my $3 discount, and she told me that the store no longer does that.  Instead, she said I’d need to apply for some sort of card and they would then give me a credit on the card.  I guess that would be used to purchase prizes or something.

 

I told her I didn’t want to apply, to give me back my empty cartridge, to charge me the normal shelf price for the cartridge I was buying, and to count me as a former customer, effective July 6, 2008.

 

In the past 52 weeks, Office Max’s stock has dropped from a high of $40.16 to the close this past Friday of $13.98.  And that’s because gross sales and profits have dropped.  The chairman of the board notified stockholders that he thinks this can be solved by raising prices and cutting overhead.  He says the whole thing has been caused by the lowering of the economy.

 

The real problem is he, his officers and directors, and his store managers and employees don’t get it.  All they have to do is read this piece to know almost all they need to know about what to do.

Tags: office max  
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TEXAS POWER HAS LOST ME, By Dallas Realtor Bill Cherry

Texans’ arms were seriously twisted and they gave into the idea that deregulating the state electricity providers would bring better rates and better service than they were used to with the single, state-regulated franchise method.

 

I recall sitting in a Rotary Club meeting of 200.  The guest speaker was trying to convince us deregulation would be a good thing.  When he finished, I stood up and asked for a show of hands of the members who agreed.  Not one hand went up.

 

As it turns out, apparently just as the Rotary members speculated, rates and service have gone in the opposite direction.  Since January 2008, the state utility commission reports that it has processed 3,168 customer complaints. 

 

There are some thirty-seven providers with TXU having the most customers.  The commission shows that it has received 1,037 about it and its practices.  Texas Power is fifteenth on the list, and the commission has heard from forty-one of its customers.  I don't know what this means except that apparently a lot of people were dissatisfied enough to write the state a complaint letter.

 

Because my wife and I were dissatisfied with TXU, we decided to support one of KSKY-AM’s advertisers and change our service to Texas Power.  We’ve been dealing with them for about six months, and since I’m the bill payer of our family, I am ready to dump them.

 

Texas Power uses a bank box located in Dallas.  Most businesses that have large numbers of payments coming to it through the mail use a bank box.  The idea is quite simple. The post office box where you mail your check and payment stub is emptied everyday by the bank.  For a fee to the vendor, the bank updates your account with the vendor's customer, and clears your check.

 

Three months in a row, I mailed our check to the DAllas bank box the day after we got the bill from Texas Power.  Three months in a row, the check was apparently not processed by the bank until after the delinquency date.  We're talking about two weeks or so.  My checks to other vendors at their lock boxes cleared quickly.  Not Texas Power's/

 

But it gets even more perplexing.  Three months in a row, my check to them had cleared my account at my bank, so Texas Power was paid, yet a day or two afterwards, they sent me a letter threatening to turn off the service.

 

So this month, our bill jumped about 63% over the previous month.  No explanation.  It just did.  My wife called to ask that we be transferred to an accounting that would allow us to pay an average year around.

 

“Nope, can’t do that until you’ve been a customer for a year,” the person said, even though our payment records with both TXU and Texas Power are easily available.

 

So Texans are putting pressure on their legislators to go back to individual franchises and regulated rates.  And these birds don’t seem to understand that not staying on top of service to their customers is nailing their coffins shut.
 
Next week, I'm going to move our account from Texas Power to another company. I doubt it will help.  You see, it is unhealthy for any business to be a menopoly or a member of a subset of a menopoly
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