Tons. Just have to wait it out. Right now our dollars is going "out" (inflation, China buying our treasury bills, bad performances in many small businesses, etcetc) instead of in.
Our kid and our generation (if you're like me in the 20s) are pretty much screwed.
Ditto. I think the worst generation in the US's history is the Baby Boomer generation. They've raised a bunch of emo kids and have been by far the most selfish (and not in a good way) generation. They have managed to spend this country into oblivion. Both in their individual lives and the ones in our govt that are of the Baby Boomer age. Young people mostly want autonomy with their lives, but the Baby Boomers refuse to allow that.
George Carlin tore the Baby Boomers a new asswhole once. Reps to whoever can find the video for it.
__________________
---ATTENTION ALL FATASSES: stop whining and put the fork down!!
Trying to cure poverty with government is like trying to sober up with whiskey shots.
Why do people run around crying, as if these are the worst things that have ever happened to our country? Yes, some things are bad. And others are fine. And, as always, we'll continue to move forward and improve over time.
__________________
"The deadliest weapon in the world is a Marine and his rifle". - Gen. John "Black Jack" Pershing, U.S. Army
"How do those guys on submarines hold their breath for so long?" - Kelly Bundy
I am NOT a Marine. Just a Sailor who had the awesome opportunity to work with Marines for several years.
Why do people run around crying, as if these are the worst things that have ever happened to our country? Yes, some things are bad. And others are fine. And, as always, we'll continue to move forward and improve over time.
Not crying just concerned because I have 2 boys I brought into this world and I want the best for them.
All you hear in the news is all this Bull**** about how bad things are.
Not crying just concerned because I have 2 boys I brought into this world and I want the best for them. All you hear in the news is all this Bull**** about how bad things are.
^^^ Key words highlighted above. . .
Since when has the Media ever been accused of providing too much Good News?
__________________
"The deadliest weapon in the world is a Marine and his rifle". - Gen. John "Black Jack" Pershing, U.S. Army
"How do those guys on submarines hold their breath for so long?" - Kelly Bundy
I am NOT a Marine. Just a Sailor who had the awesome opportunity to work with Marines for several years.
Bitching about gas prices, the housing problem, inflation and global warming sure is a great solution..
Gas problem? Ride a bike, take the train, take the bus, if you can afford it..buy a Prius..or how about a 3,000$ motorcycle that gets 70mpg?
The housing problem? Did you default on your mortgage? If not..dont worry about it.
Inflation? Always had it..always will have moments where inflation goes up higher then normally.
Global warming? Natural occurrence..cant stop it. And if we are causing it with all the pollution? Oh ****ing well..go start up your own wind farm or something to put the big power companies out of business.
An interesting fact about white people is that they firmly believe that all of the world?s problems can be solved through ?awareness.? Meaning the process of making other people aware of problems, and then magically someone else like the government will fix it.
This belief allows them to feel that sweet self-satisfaction without actually having to solve anything or face any difficult challenges. Because, the only challenge of raising awareness is people not being aware. In a worst case scenario, if you fail someone doesn?t know about the problem. End of story.
What makes this even more appealing for white people is that you can raise ?awareness? through expensive dinners, parties, marathons, selling t-shirts, fashion shows, concerts, eating at restaurants and bracelets. In other words, white people just have to keep doing stuff they like, EXCEPT now they can feel better about making a difference.
Raising awareness is also awesome because once you raise awareness to an acceptable, aribtrary level, you can just back off and say ?Bam! did my part. Now it?s your turn. Fix it.?
So to summarize - you get all the benefits of helping (self satisfaction, telling other people) but no need for difficult decisions or the ensuing criticism (how do you criticize awareness?). Once again, white people find a way to score that sweet double victory.
Popular things to be aware of: The Environment, Diseases like Cancer and AIDS, Africa, Poverty, Anorexia, Homophobia, Midde School Field Hockey/Lacrosse teams, Drug Rehab, and political prisoners.
The housing problem? Did you default on your mortgage? If not..dont worry about it.
Actually, plenty of reasons to worry if you are effected by it in the short term.
Boy, talk about barely understanding the economic impact of a bear market in the housing sector. When home prices fall home owners have less equity. When homeowners have less equity, they have less access to alternative cash flow sources. When homeowners have less access to alternative cash flow sources they buy less stuff for their home. When homeowners buy less stuff for their home, corporations make less money. When corporations make less money their earnings go down. When corporate earnings go down their stock price goes down and what was once a simpe bear market in the housing sector now becomes a secular bear market and recession.
This cuts much deeper too. When homeowners have less equity to tap into, they buy less consumer durable good which are typically made in foreign countries based on manufacturing. When foreign manufacturing companies have less deman, they purchase few hard assets like metals and such from commodity based economies. When both of these two types of emerging economies slow down they have less free cash flow to invest, and they typically invest in US Treasuries. When fewer countries invest in US Treasuries that keeps a fresh flow of capital coming into the US, that forces the Fed to increase the amount of currency in the economy which spurs inflation.
There's a third tack too. When home values decrease, those that didn't default but bought a new home four years ago can't sell our home to buy a new one in the absolute best environment to purchase a new home because either a) the current home is worth less than the finance amount or b) no-one else can buy a home either so no-one wants to buy yours.
yeah alot of diffrent areas affecting the country in general.
I happen to be safe now but what about for our kids?
What's in it for them in the future if we continue to let all these ****s ruin this country.
Well, I've decided not to have children b/c America has reached it's peak. It is now on a downhill trend that will be very long. We don't produce anything, and we are gluttons. We let millions of illegal aliens in every year and don't bat an eyelash.
Our military spending is more than the whole world combined and we will be involved in many wars in the coming years to secure the dwindling oil reserves in the gulf region. As the economy declines severely, the people will demand action and war will most likely be the option. What a sad state it has come to.
Actually, plenty of reasons to worry if you are effected by it in the short term.
Boy, talk about barely understanding the economic impact of a bear market in the housing sector. When home prices fall home owners have less equity. When homeowners have less equity, they have less access to alternative cash flow sources. When homeowners have less access to alternative cash flow sources they buy less stuff for their home. When homeowners buy less stuff for their home, corporations make less money. When corporations make less money their earnings go down. When corporate earnings go down their stock price goes down and what was once a simpe bear market in the housing sector now becomes a secular bear market and recession.
This cuts much deeper too. When homeowners have less equity to tap into, they buy less consumer durable good which are typically made in foreign countries based on manufacturing. When foreign manufacturing companies have less deman, they purchase few hard assets like metals and such from commodity based economies. When both of these two types of emerging economies slow down they have less free cash flow to invest, and they typically invest in US Treasuries. When fewer countries invest in US Treasuries that keeps a fresh flow of capital coming into the US, that forces the Fed to increase the amount of currency in the economy which spurs inflation.
There's a third tack too. When home values decrease, those that didn't default but bought a new home four years ago can't sell our home to buy a new one in the absolute best environment to purchase a new home because either a) the current home is worth less than the finance amount or b) no-one else can buy a home either so no-one wants to buy yours.
I think this man just owned everyone in this thread
Actually, plenty of reasons to worry if you are effected by it in the short term.
Boy, talk about barely understanding the economic impact of a bear market in the housing sector. When home prices fall home owners have less equity. When homeowners have less equity, they have less access to alternative cash flow sources. When homeowners have less access to alternative cash flow sources they buy less stuff for their home. When homeowners buy less stuff for their home, corporations make less money. When corporations make less money their earnings go down. When corporate earnings go down their stock price goes down and what was once a simpe bear market in the housing sector now becomes a secular bear market and recession.
This cuts much deeper too. When homeowners have less equity to tap into, they buy less consumer durable good which are typically made in foreign countries based on manufacturing. When foreign manufacturing companies have less deman, they purchase few hard assets like metals and such from commodity based economies. When both of these two types of emerging economies slow down they have less free cash flow to invest, and they typically invest in US Treasuries. When fewer countries invest in US Treasuries that keeps a fresh flow of capital coming into the US, that forces the Fed to increase the amount of currency in the economy which spurs inflation.
There's a third tack too. When home values decrease, those that didn't default but bought a new home four years ago can't sell our home to buy a new one in the absolute best environment to purchase a new home because either a) the current home is worth less than the finance amount or b) no-one else can buy a home either so no-one wants to buy yours.
Repps!
__________________
Bulging_Biceps- "If people actually read the bible, they would know Rainbows are a sign from god. No, before the flood. Rainbows did not exist and Rain did not exist."
Bulging_Biceps- "Swine Flu vaccine contains LIVE H1N1 VIRUS!!!"
StinkerX- "Swine Flu Vaccines Contain LIVE H1N1 VIRUS!"
StinkerX- "It looks like police forces are occupying cities... can anybody confirm this?"
StinkerX- "Why is being in love with animals worse than being gay?"
Actually, plenty of reasons to worry if you are effected by it in the short term.
Boy, talk about barely understanding the economic impact of a bear market in the housing sector. When home prices fall home owners have less equity. When homeowners have less equity, they have less access to alternative cash flow sources. When homeowners have less access to alternative cash flow sources they buy less stuff for their home. When homeowners buy less stuff for their home, corporations make less money. When corporations make less money their earnings go down. When corporate earnings go down their stock price goes down and what was once a simpe bear market in the housing sector now becomes a secular bear market and recession.
This cuts much deeper too. When homeowners have less equity to tap into, they buy less consumer durable good which are typically made in foreign countries based on manufacturing. When foreign manufacturing companies have less deman, they purchase few hard assets like metals and such from commodity based economies. When both of these two types of emerging economies slow down they have less free cash flow to invest, and they typically invest in US Treasuries. When fewer countries invest in US Treasuries that keeps a fresh flow of capital coming into the US, that forces the Fed to increase the amount of currency in the economy which spurs inflation.
There's a third tack too. When home values decrease, those that didn't default but bought a new home four years ago can't sell our home to buy a new one in the absolute best environment to purchase a new home because either a) the current home is worth less than the finance amount or b) no-one else can buy a home either so no-one wants to buy yours.
Full of awesome stuff and commentary. I saw the writing on the wall a good year before the subprime mess hit the fan. Lots more resets have yet to occur, which will make those homes unaffordable less than a year for the home "owners." Using a baseball analogy, I'd say we are in about in the bottom half of the 3rd or top of the 4th inning in the US housing bust. Lots more crashing is yet to occur. Homes in many bubbled cities will go down another 30%.
I live in a city that didn't bubble up in prices despite a great local economy. But I may live in one of the top 10 housing bubbled cities soon. In that case, I'll be renting for a year or two until house prices come more in line with household incomes.
One phrase describes all everyone needs to know about the housing sector. It has to do with housing prices compared to the average income in a city. The phrase is 'regression to the mean.' That encompasses it all really.
__________________
---ATTENTION ALL FATASSES: stop whining and put the fork down!!
Trying to cure poverty with government is like trying to sober up with whiskey shots.
Our kid and our generation (if you're like me in the 20s) are pretty much screwed.
I remember thinking the same thing when I was 21 in 1980. The prime interest rate was 21% inflation was double digit. Gas prices were $1.35 when just 5 years before it was 35 cents. The hostage crises was in effect and the nuclear war seemed a constant threat.
But you know what it worked out ok, I got married raised a family and you know what I had a great life and am still having a great life.
Sure we need to be concerned but don't let it cause you to loose hope. Just go on with your life, plan for the future and get involved with making the world a better place. In the end I believe that 20 years in the future you also will look back and see that you had a pretty damn good life to.
Wow. Three people read that whole post with all its typos and all. Sweet.
Yeah, the ****ty part is my wife and I built a custom home here in North Texas four years ago. We are definitely not a market value bubble area, but there are way too many people in a two mile radius of us that have defaulted and thus driven home prices down via foreclosure.
Our household income has more than doubled in the last four years and we're ready to move to a significantly nicer area, but doing so would cause us to have to pay to sell our house because it is currently worth less than the remaining mortgage balance. I'm campaigning to keep it and rent it, but my wife isn't having that idea despite the fact we could afford it.
Oh well... it's making home builder stocks look very attractive even though the sector doesn't.
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