Showing posts with label mortgages. Show all posts
Showing posts with label mortgages. Show all posts

Monday, October 13, 2008

An amazing video and song that I believe accurately encompasses the entire campaign process (no matter which side you vote for). Enjoy.

http://www.peteyandpetunia.com/VoteHere/VoteHere.htm


It makes one ponder, would the millions (and millions and millions) of dollars being spent on campaigns be better served in bailing out Main Street? or at least in serving the needs of the less fortunate?

Personally, I am in favor of a plan where the government "renegotiates" with the banks in lowering mortgages to be consistent with the value of the house. Yes, I am obviously a homeowner and statistics (83% of which are made up) show that 1 in 6 homes are worth less than the amount owed. I wonder if that takes into account the amazing amount of home equity loans that were taken and used for new cars and trips to Disney. Always good to be reassured by the fiscal responsibility of Americans (the government and public alike).

Monday, June 16, 2008

Can you believe what you read?



Is the sky falling? Or am I just burying my head in the sand? I believe I am a glass-half-full type of person, but I am having a harder and harder time discerning the current state of affairs. The evening news is filled with crime, horror and is altogether depressing (at least I get updates on the weather every 4-6 minutes). So according to the "devil-box" in my living room, the end or the world is here. Contrary to that information is that of the Wall Street Journal. I recently perused an article with the title, "Life Is Good, So Why Do We Feel So Bad?" by Gregg Easterbrook. To summarize:

  • Unemployment is low (5.5%).
  • Income is rising ahead of inflation.
  • Even with the current media-induced housing market, the average home is still worth 30% more than it was in 2000.
  • Only 6% of Americans actually have "threatened" mortgages, and the majority of those will keep their homes.
  • Inflation is getting a great deal of press for being on the rise, however the 16 years prior to 2008 were almost inflation-free!
I could go on, but you get the point. The real question is where do we go from here?