I can't remember where I heard it. It was on a faux news show. No, not Fox News, but I was half listening to some special, expert analyst saying that
the folks with the higher priced houses, were defaulting more and more, just to get rid of their debt. And in turn, they were downsizing. From the
gist of it, I figured, those that can afford a half million dollar house, can also afford to get out from under it and then buy a mere little house
like mine that cost 79,000 dollars. Makes sense to me.
Also, I was taking a finance course from a full professor. So I suppose that means he is really good at what he does, or he has been around for a long
He had a ARM loan for his house. He scoffed when another student mentioned something like when the SHTF economically he might be in deep
doo doo. And, yes, he scoffed again. Not, it won't happen.
By the way, the commercial property bubble is about to burst, slowly, not with a bang, but with a wimper here in central Kentucky. A major mall has
closed, a little plaze I pass often when I go to the "big city" is now half empty.
Thank goodness my wife works at a convenient mart that is the last one for 100 miles before you can buy beer. Otherwise she would probably be out of a
job. The beer sales and the pizza sales keep this place afloat. Yes, she works her butt off, but at least she doesn't have to work her butt off for
as many hours as she used to. That last sentence was sarcasm, by the way. Her hours have dropped, as has the number of employees.
I am so glad we are in a recovery period! Everything is much better now, yes? Oh, the neighbors just moved out of their home. No, it's too early in
the cold weather for them to just be relocating to Florida for the season. They are really, REALLY, gone.
Red and yellow, black and white, they get equal pay, ALRIGHT!!!!