He Lives!
Steve Aragon, 30, gets ready to take a picture of his sons Giovanni, 7, and Esteban, 4, outside the 7-Eleven in Burbank, Calif. Monday, July 2, 2007. Over the weekend, 7-Eleven Inc. turned a dozen stores into Kwik-E-Marts, the fictional convenience stores of the television show ‘The Simpsons.’ (AP Photo/Damian Dovarganes)
Tuesday, July 03, 2007
Housing Prices are Just Plain Wrong
Check this graph out. It’s appalling.
Of course, many people go rich flipping houses. Good for them. Except those same people caused what amounts to a speculator boom which will make buying a new home all but impossible for many people for years to come. When the loans dry up, as they’re beginning to. As the defaults and foreclosures escalate and cascade, as they are now, it will crash the value of a lot of properties bringing more misery and defaults. And many of those flippers will be burned.
The only salvation, I think is, so much inventory will be on market, sellers will be desperate to unload their properties. But if the problem levels out, the cycle could repeat.
Housing prices here in Nevada have gotten absurd. And forget about California. Despite what they say about real estate, I think some hard times will be ahead for people who play too much with it. Unless they can ride tings out.
A lot of flippers have too many mortgages to maintain. And people aren’t buying like they were.
Hello, Michael!
What was that Michael Moore was saying about the quality of health care in Britians NIH hospitals? I don’t remember the part about terrorists doctors plotting to kill patients.
Medical Issues • Terrorism • (6) Comments • Permalink •
McDonalds Refuses Service to Robots
UPDATE: Now this isn’t funny.
This Explains Everything
By Brent Anderson
My friend Brent Anderson did this sketch of me in 1990. I found it while cleaning up my boxes, getting ready for my move to Washington soon. It was for an auto-biographical story I was going to write for a British comic that never got published. The comic went under before it could happen.
Copyright © 2008 James D. Hudnall. All Rights Reserved
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