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    • Tue Dec 2nd 15:28 PM
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      Commented on:
      10-Year Treasury Yield Lowest Since 1955
      When the current debilitating financial situation was beginning to show its potential devastation I said, with tongue in cheek, that we are headed back to 1955. Good Lord, it looks like I was right!!!
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    • Tue Dec 2nd 15:01 PM
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      Rating: 0 0
      Commented on:
      Now That It's Official, When Will This Recession End?
      Here we go, again. WHEN will "official" financial writers get it? The ramifications of this recession/depression are so large that the United States' population will be feeling its effects for at least ten years. Why? Because once a standard of living has been compromised, by home foreclosure, job loss, and generally depleted assets which once belonged to a particular citizen, it takes a VERY, VERY long time to recover. WHY? Think about it. WHERE is Mr. John Doe going to get the CAPITAL to start over? Remember, he's BROKE. Mommy and Daddy are no longer around to dish out that nice down payment on a house. Mr. Doe's credit rating is in the toilet. Mrs. Doe can't find work, as a teacher's assistant. Mr. Doe is now a draftsman (and fearfully thankful to have that job), instead of being an engineer as he once was, before the s--- hit the fan. Mr. and Mrs. Doe are (by this time) struggling mightily to help Junior pay his college expenses; they are renting a house, and cannot IMAGINE having the money for a down payment. Mr. and Mrs. Doe are racking up bills at the local auto repair shop, to keep those two ten-year old Toyotas running. Both Does worry continually about what they will do if either of them gets sick, requiring expensive medical care. If they are lucky, they will have some 50%-pay reimbursement-style medical coverage. How will they pay the other 50%? answer: They won't pay, because they CAN'T pay. Those medical bills will show up on their credit report, putting them even further behind the money curve. And on and on it will go. Remember, it took all the Doe families YEARS to get to where they were, before this financial tidal wave got to them. None of that accumulated wealth will be available to them as they START OVER. Ten years. (If they are relatively lucky.)
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    • Tue Dec 2nd 14:43 PM
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      Rating: 0 0
      Commented on:
      Now That It's Official, When Will This Recession End?
      Here we go, again. WHEN will "official" financial writers get it? The ramifications of this recession/depression are so large that the United States' population will be feeling its effects for at least ten years. Why? Because once a standard of living has been compromised, by home foreclosure, job loss, and generally depleted assets which once belonged to a particular citizen, it takes a VERY, VERY long time to recover. WHY? Think about it. WHERE is Mr. John Doe going to get the CAPITAL
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    • Tue Dec 2nd 14:38 PM
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      Commented on:
      A Little Known Fact, And Good News, About This Crisis
      "In six months or less, Americans will be back buying up houses for the tax advantage." BULL----.
      "Once Americans realize that the prices of housing have stopped falling, houses will be bought for their tax benefits once again if nothing else." MORE BULL----.
      "Disclaimer: The above is for educational and entertainment purposes only. Do your homework before investing" ENTERTAINMENT? Oh, you mean COMEDY!!!
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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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      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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      Commented on:
      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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      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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      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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      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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