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Originally posted by marg6043
Hey I have to add that due to the hurricane also 30 years fixed rate loans are at a 5.6 low, and that is a great opportunity for refinancing.
Is always somebody that will profit from death and destruction, that is the way things are.
Originally posted by 12m8keall2c
Anyone considering the purchase of a house now, or in the near future, please make sure you can still afford the mortgage payments even if you were to lose a substantial portion of your overall income. (i.e. either spouse's income, layoff, downsizing, etc.)
Greenspan stepping down as head of the federal reserve commenting on the volatility of the current housing market/trend. He's been at the reins of the longest surge in the US economy in many years. Historically, the longer/greater the growth/surge . . . the harder/bigger the fall.
Just be careful, and most importantly confident as to your overall income's long term security
Originally posted by dr_strangecraft
I still don't see how anyone is supposed to profit from this mess.
The housing sector will be depressed for years, since a lot of people just lost their savings and property (and thus their ever-important ability to borrow money).
The oil business is missing a lot of profits, since American company's aren't bringing it in out of their holdings in the gulf--it'll have to come from overseas, and that means more money for OPEC, and higher prices (profits) for Big Oil's overseas competitors.
Originally posted by robertfenix
False the current big three US oil Companies have posted records profits this year to the tune of an additional 65% increase over last year.
Originally posted by chaosrain
Consider the situation of Galveston/Houston. Galveston was once an up and coming town. After repeated abuses from Gulf hurricanes, the town is little more than an historic district and a port center. All the good stuff moved north to Houston.
Why not do the same thing to NO? Restore the French Quarter. Drop in a refinery or two in the areas that will likely have to be razed as a result of flooding and move all of the culture/people/industry up to Baton Rouge.
....The new city must be something very different, Mr. Reiss says, with better services
and fewer poor people.....
Those who want to see this city rebuilt want to see it done in a completely different way:
demographically, geographically and politically, he says...
Thursday, September 08, 2005 at xymphora.blogspot.com...
Originally posted by robertfenix
Perfect time for wealthy real estate financiers to come in and buy land at a discount.
CONTRADICTORY INFORMATION RE: Public Health
From the outset, FEMA and other security officials were warning the public that the flood waters carried high risks from infectious disease.
At the same time, official information released by the CDC contradicted the warnings about disease risk coming from security agencies: "Centers for Disease Control and Prevention said it did not expect serious outbreaks. ...Decaying bodies create very little risk for major disease outbreaks, and the CDC noted that outbreaks of infectious diseases following hurricanes are rare in developed countries such as the United States. It said foodborne illness such as salmonella poisoning was more likely."
The OFFICIAL FLIP FLOP came on Wednesday, September 7:
"Police and soldiers went house to house in New Orleans Wednesday to try to coax the last 10,000 holdouts to leave the shattered city because of the risk of disease from the sewage-laden floodwaters. ...In fact, the first government tests confirmed Wednesday that the amount of sewage-related bacteria in the floodwaters is at least 10 times higher than acceptable safety levels. Dr. Julie Gerberding, chief of the Centers for Disease Control and Prevention, warned stragglers not to even touch the water and pleaded: "If you haven't left the city yet, you must do so." "
Originally posted by FredT
2)The survivors who chose to stay can't stay because NO needs to be considered ''completely destroyed,'' and depopulated for the land to be appropriated, so Halliburton and cronies can make hay. The survivors who chose to stay are in the way.
Hmmm can't have it both ways now can we. If the government does not and leaves them to thier fate, then we get another op/ed decrying the ethnic clensing going on. However since a case was attempted to be made in the other ATSNN thread linked above that looting im not sure if any responce of the government would fit the your expectations.