WAKEUP

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    • Mon Dec 1st 14:53 PM
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      Rating: +1 0
      Commented on:
      The Real Problem? People Are Scared to Spend
      Yard sales will blossom until all that junk (some of which was expensive at the time of its original purchase) is sold off for pennies. Ironically, this will lengthen the depression, because people who actually NEED a toaster, or computer, or a pair of shoes will buy same from the previous owners, instead of spending their money in retail stores.
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    • Fri Nov 28th 14:32 PM
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      Rating: 0 0
      Commented on:
      Help the Housing Market with a Buyback Program
      Here we go, again. Another attempt to deny the obvious, which is that the housing market is shot to hell. There is no way "out." Housing is done for, as an investment, and, for that matter, it's pretty much done for, period. There are so many houses involved in this disaster that soon EVERYBODY is going to realize that houses will be selling at fire sale prices in the foreseeable future. At that point a house will be just another stack of wood, bricks, and nails, and that's about what their value will be. It's pretty obvious at this point, though, that those who have lived their entire lives seeing home prices go up simply cannot stand the fact that the air has been let out of this balloon, forever, and these folks are going to continue writing articles about how to dodge the inevitable. No matter. It's over. Try to get used to it.
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    • Thu Nov 27th 14:53 PM
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      Rating: 0 0
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      A Prefabricated Future?
      What's wrong with simply waiting for the current oversupply of well-built homes to fall to completely affordable price levels? This IS going to happen in the next few years, and that's not long to wait for one's final, permanent home purchase. For that matter, what's wrong with renting a home? It's cheaper, it provides the same product - a dwelling, of the same sort as those that are bought. The old myths of homeownership benefits are dying hard, but they are dying. Wait. That house will be affordable.
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    • Thu Nov 27th 14:30 PM
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      Rating: +1 0
      Commented on:
      The Fundamental Value of Real Estate
      On November 26, 2008, at 06:30pm, Tiny Tim wrote, "I look at my home as a shelter and I own it outright, There are no comparable rentals in terms of privacy, flexibility & stability." When I first read that statement, I thought I had mis-read it. But no, this commentor is claiming that there is NO rental house like HIS owned house, in terms of "...privacy, flexibility & stability." HOGWASH. I have associates and friends who rent perfectly private, flexible, and stable dwellings. I don't know where Tiny Tim lives, but if Tim can't find ANY comparable rental(s) there, maybe he's living a little too far out on a finger of land, jutting into the ocean, in which case he will simply have to realize that there are prices to pay for any chosen situation. Tim's rationalization about there being something that is somehow "special" about a particular house, and that the house becomes magically even more "special" because someone "owns" it, along with the bank, for oh, say, twenty or thirty years (!), is just another aspect of this ridiculous, dog-eared myth of the great benefits of owning a house. I suppose it is difficult for most people to admit to themselves that they made a fundamental mistake many years ago, a mistake that cost them a great deal of money and offered few real advantages. However, that is exactly what all of us did,who paid, and paid, and paid, and paid for the right to be called a "homeowner"

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    • Wed Nov 26th 13:28 PM
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      Rating: 0 0
      Commented on:
      Annual Decline in U.S. Home Prices Accelerates
      Charlotte is grossly overbuilt, in mostly expensive homes. I'm not completely sure why Charlotte has not stumbled previously, probably because there are so many thousands of highly paid bank employees there. But the fortunes of bank employees are a-changin', and the home foreclosures coming for bank employees, after the inevitable wholesale cutbacks in bank jobs will tell, soon. I have been told repeatedly by friends who are themselves banking executives in Charlotte that a high percentage of McMansion dwellers will be out on the street if either of two breadwinners lose their job. That fact, and the fact of so many already standing, unsold homes will bring Charlotte more in line with the rest of the country's homeowners by the end of 2009, if not much sooner.
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    • Wed Nov 26th 13:12 PM
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      Rating: 0 0
      Commented on:
      The Fundamental Value of Real Estate
      I bought and paid for a nice house, on a 30 year mortgage (old school.) I have done the math countless times, now, and I can tell you I would have been better off renting comparable housing. Now the full cycle has run its course. It's simple, now. DO NOT BUY A HOUSE. You can rent the same kind of housing, and have a very noticeable amount of money left over. And, of course, if you do buy a house you will lose money, because you who are living now will never be able to sell that house for a profit, and you will have absorbed an unbelievable amount of expenses along the way.
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    • Tue Nov 25th 12:56 PM
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      Rating: +1 0
      Commented on:
      Deflation Dementia
      Ah, what the hell? Let's get real, and admit there is absolutely NOTHING that can be done to avoid the LOOOOOONG recession that has already started. Most U.S. citizens are badly overextended financially, and it takes a long time to come back from that. Get used to eliminating all those luxuries from your life. You danced, and the piper wants his pay, now.
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    • Mon Nov 24th 21:11 PM
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      Rating: 0 0
      Commented on:
      The Really Scary Thing is the Debt Itself
      Bad, isn't it? It's always hell, when the chickens come home to roost. I said, a year or more ago, in these pages, that the compost was going to hit the air conditioner unless those mental midgets on Wall-Eyed Street were reined in. No one stopped them, and here we are, up the creek with a very slender paddle. It's amazing what a handful of greedy fools can do to even a great and powerful economy. In Southeast Asia, in the 1960's I saw some bankers and other financial types stood up in front of a wall, and shot dead, for doing what has been allowed to happen here.
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    • Mon Nov 24th 20:56 PM
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      Rating: 0 0
      Commented on:
      Home Price Plunge Produces Sales Spikes In Many Cities
      Nah. It's bottom-feeding. This will happen sporadically, as prices of better maintained, owner occupied properties continue to fall to their real values.
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    • Mon Nov 24th 15:13 PM
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      Rating: 0 0
      Commented on:
      Calling for Fed Intervention in the Housing Market
      Another hare-brained scheme to rob taxpayers. When will these damned fool leeches, i.e., bloodsucking worms stop sniveling and realize that homeowners' gravy train ride is OVER? House prices are going to fall, and fall, and fall until they reach their true value, that is, when wages are adequate to afford these structures. Get over it, and stop obsessing on these dwellings.
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    • Mon Nov 24th 14:52 PM
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      Rating: 0 0
      Commented on:
      South Carolina: Ten Ways to Invest
      First Financial Holdings Inc.
      34 Broad Street
      Charleston, SC 29401
      Don't know about Sandusky, Ohio, but the Charleston, South Carolina address is the lead address shown in the company's profile.
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    • Mon Nov 24th 14:33 PM
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      Rating: 0 -1
      Commented on:
      The U.S. Economic Outlook for 2009 Does Have a Silver Lining
      Who writes this s - - t? Whomever Shah Gilani is, I presume they got most of the mandala material from C. G. Jung's volume, "Memories, Dreams, Reflections," which I read as a teenager and again as a middle age man. Whoever the writer of this particular piece may be, it reads as if they have been hitting the medidation trail a little heavy, lately. Trying to compress the current early-stage depression into a 12-18 month time frame is sheer lunacy. I suspected that if the losses got bad enough, the lunatic fringe would come out of the woodwork, and so they have.
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    • Mon Nov 17th 14:47 PM
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      Rating: 0 -1
      Commented on:
      Peak Oil, Cars, and Depressions
      Analyzing the pieces of the puzzle is all very well, but it's the Socialism Express that's coming through, no matter what rhetoic is thrown at it. If somebody in the government wants GM, et. al. to survive, they will simply buy a majority of the stock, and continue on. It's been a long time coming, but the Socialism Express will be a long time running. We've been dancing to the capitalism boogie, but now the socialism foxtrot is the dance of the decade.
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    • Sat Nov 15th 15:57 PM
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      Why AIG Was in the CDS Business
      AIG knew exactly what they were doing. This is part of the biggest conspiracy in the history of finance. AIG's top management gave in to the lure of a fantastic profit at the cost of the company's assets, and the possible end of AIG. Every man has his price, and AIG's top management found theirs, in this gigantic robbery.
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    • Sat Nov 15th 15:48 PM
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      Rating: 0 0
      Commented on:
      YouTube Will Be Obama's 'Fireside'
      Obama is to FDR as Dan Quale is to JFK.
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