Scottish woman spent more than week locked in trunk
Where the jobs are: US Military having no problems with re-ups or finding new recruitsFestive goat burned down in Sweden for the 23rd time since 1966
Bank Robbery Plot Halted by Savvy Hostages, Trooper
Bank Robbery Plot Halted by Savvy Hostages, Trooper
The Coming Cash TsunamiGood old German know how invents "Passive Heated" homes which use 1/20th the energy of a normal same sized home with the exact same appliances.
Shoplifting dog had a Merry Christmas with a clean getaway
Man shoots talker at movies, police say
Must read. As retiring Boomers sell off assets, it's time to duck and cover: MSNBC's Jon Markman: An ugly, unrecognizable Recession - Most of us haven't seen an economic decline like this one before, and as the slowdown gets slower, few will be unaffected. Are you ready for the 'frugal future'?
Christmas tree farmers began their work in earnest yesterday preparing for next year's crop
Islamorada, Florida Keys: Man's body with gunshot wound to head found inside a trailer which was burning from "suspicious" fire
At least 20 die in Baghdad car bomb blast
An 850 pound emerald said to be worth $370 Million, is in the hands of Los Angeles Police as dispute to ownership heats up
Shark attacks and takes snorkeling Australian father
NFL: Scores, Schedule, Standings before tomorrows last week of the regular season ends
Late surge leaves Celtics stunned . . . Warriors hand champs 2d straight loss
NBA: Scores, Schedule, Standings
AIG's rescue has a long way to go. When will the government's costly bailout of the deeply distressed insurance giant be over? Don't expect it to be anytime soon.
Oil finishes the week a tad above $36 a barrel
3 out of 4 Americans glad to see Bush go
Stocks that beat the market meltdown of 2008
What happened to the American Dream?
Retailers cut loose unsold inventory with blowout fire sale type prices, and yet crowds still not forming in post-Holiday shopping
Want to save money commuting and get some exercise? Wired gives 2 thumbs up to Giant's latest version of "The Hybrid Bicycle"
An 850 pound emerald said to be worth $370 Million, is in the hands of Los Angeles Police as dispute to ownership heats up
Shark attacks and takes snorkeling Australian father
NFL: Scores, Schedule, Standings before tomorrows last week of the regular season ends
Late surge leaves Celtics stunned . . . Warriors hand champs 2d straight loss
NBA: Scores, Schedule, Standings
AIG's rescue has a long way to go. When will the government's costly bailout of the deeply distressed insurance giant be over? Don't expect it to be anytime soon.
Oil finishes the week a tad above $36 a barrel
3 out of 4 Americans glad to see Bush go
Stocks that beat the market meltdown of 2008
What happened to the American Dream?
Retailers cut loose unsold inventory with blowout fire sale type prices, and yet crowds still not forming in post-Holiday shopping
Want to save money commuting and get some exercise? Wired gives 2 thumbs up to Giant's latest version of "The Hybrid Bicycle"
Breaking: Israel launches air strikes on Gaza, at least 195 dead
Barron's this weekend: Coming in 2009: Stockpickers' Paradise
The US Madoff suicide investor (there was another big Madoff investor who committed suicide last week in Britain) was totally ruined by the Ponzi scheme as he had not invested money for clients, but for himself and family
Vanity Fair cover of Kate Winslet with 11 photo slideshow: After five nominations, Kate Winslet may get the Oscar she deserves, doubling down with back-to-back tours de force in The Reader and Revolutionary Road.
How to shoot better low light photos with that digital camera you just got for Christmas
Former Governor of Alabama who has bipartisan support of 54 States Attorneys to overturn his conviction says, "Karl Rove Destroyed My Life"
Post holiday shopping in Florida was quiet
Bargain hunter shoppers sink gift card sales, which are major profit generators for Retailers
Post holiday shopping in Florida was quiet
Bargain hunter shoppers sink gift card sales, which are major profit generators for Retailers
Must read. As retiring Boomers sell off assets, it's time to duck and cover: MSNBC's Jon Markman: An ugly, unrecognizable Recession - Most of us haven't seen an economic decline like this one before, and as the slowdown gets slower, few will be unaffected. Are you ready for the 'frugal future'?
Christmas tree farmers began their work in earnest yesterday preparing for next year's crop
Islamorada, Florida Keys: Man's body with gunshot wound to head found inside a trailer which was burning from "suspicious" fire
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1 comment:
Jon Markman's (sp?) really hit home with me.
My sister lost her home to foreclosure this past summer. She only bought it after constant pressure from her Realtor and lender to buy a house which had cost $120,000 new in 1996 for $580,000 in 2003.
The reasoning behind the purchase, with an Option ARM no less, was, the house would doulbe in price in 4 to 5 years at the least and probably 6 to 7 years at the most.
These RE professionals convinced my sister that is she didn't buy then, she'd never be able to afford Real Estate as, so they claimed, Real Estate prices never fall.
Here we are today with my sister living in government Affordable Housing. She's working two jobs to pay off her student loans and to repair her destroyed, blackened credit. She uses only debit cards. She walks to work or takes the bus.
And she tries to save a little bit of money every week to go into an IRA where she buys boring stocks of companies which have nothing to do with the financial business.
Markman is right. This country is going to flatline for a long time. Or it might get worse than we already are. But the days where people who couldn't pass elementary math became either Realtors or Morgage Brokers and made gobs of money of panicky buyers will never, never come back.
Name one person in this country whose wages have increased in the same job they had since 2005. There are none.
Housing has a long way down to fall and people don't think of housing as "homes" like they used to, but rather, they think of homes as "money pits" and "traps".
Our mindset is changed for generations to come. All because greedy bastards had to have more.
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