A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
Keith! All your problems are solved!See CNN ARTICLE...Mexico set to legalize personal amounts of pot, cocaine, heroinhttp://www.cnn.com/2006/WORLD/americas/04/28/mexico.drugs.ap/index.htmlI believe this will cause Mexico’s tourism and property values to explode from the influx of American dollars. I think it will take revenue away from tourist destinations like Las Vegas, Atlantic City, Hawaii, and New Orleans. I think that this will happen on such a scale that Illegal aliens will actually return to Mexico for employment opportunity, a better standard of living, and to be close to loved ones and their homeland. This will all happen as our property bubble deflates from the Bush Regimes irresponsible flooding of the market with fiat dollars and run away spending on foolishness. The next influx of Mexican immigration will be that of the super wealthy Latinos coming to America to buy land and reclaim their historic past.
AWESOME!! - Hopefully this made the news on Telemundo and all 54 other Spanish channels. i support anything that will drive them back to their own country and NO, I AM NOT A RACIST, I'M A REALIST:)
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I don't think that pot heads, crack addicts and heroin queens have that much money. However, if it will get those dregs of society to leave this country, then all the better. We can begin to dump our unwanted problems on Mexico like they've been doing to us for decades.
Well Said, anon:)
Is this the same thing as encouraging local demand? We keep lecturing China and India to improve their economies by increasing domestic consumption spending. Looks like Mexico is taking our advice too!Of course the down side is now we'll have cruise ship passengers coming home with lots of digital pics and a budding heroin habit. Oh well...Personally, I favor Singapore's approach to drug control. Simple, effective, and far less costly to society in the long run.
Those hardworking Mexicans are contributing a lot more to this country than all the latte-drinking, BMW-driving Yuppie debt addicts.
What will Mexicos drug policy do to bubble border towns like San Diego???Keith/ we need a thread on this!
An illegal alien cleaning a restaurant does not make enough money to support his wife and five chilren. Guess who pays for the difference? The illegal alien does not pay income taxes. The illegal alien only benefitted the restaurant owner. Will the restaurant owner lower prices? No. He pockets the money. Thw owner now has a frightened employee that he can bully around. He doesn't have to follow safety rules. He doesn't have to provide workers comp if the illegal alien gets hurt. The taxpayers will pick up the hospital bill. The owner has no interest in hiring a legal alien or citizen, because that person would have and use his rights.
The Illegal alien also skips out on child support and alimony. I wouldnt doubt alot of these Illegals jumped the border "either direction" to avoid paying for all the kids they bore.
Back to the image: It's funny because it's true. People buying today are putting a huge portion of their monthly costs into debt owed; use debt for everything.
I don't think that pot heads, crack addicts and heroin queens have that much money. Don’t kid yourself. America’s drug problem is not restricted to the poor or lower class. Two thirds or more of the people using DRUGS are professionals with considerable earning power.
http://moneycentral.msn.com/content/Banking/bankruptcyguide/P102899.asp?GT1=8003Why going broke is a fact of life in America---Others see bankruptcy as a tool----Alana of Indianapolis filed for bankruptcy six years ago after the birth of a critically ill child and a subsequent divorce left her with substantial medical and legal bills. Both her sisters have since filed, after their husbands lost their jobs. So did Alana’s current husband, who lost his job shortly after a divorce left him with $50,000 in debt. Most of her friends have also declared bankruptcy, she said. What’s more, everyone -- Alana, her husband, her sisters and her friends -- was 25 or under when they filed.“We aren't deadbeats,” insisted Alana, who asked that her last name not be used to protect the privacy of her friends and family. “We are all basically in the same boat . . . unprepared for life's bumps and bruises.”Since her bankruptcy, Alana has bought two houses and a car, which she recently refinanced from the dealer’s 13% rate to 7% with her credit union.
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If a "hot" real estate area cools off, who's going to argue that it does not have larger implications? , Florida, may have some valuable lessons for the real estate industry as a whole. Read more ....
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Even if you sell your home "as is, subject to inspection" � you can do a lot to . A top-notch Realtor� will probably hand you a list of at least a dozen things you can do to help improve your sale. If they don't, well, maybe you need to .
Your blog was fun to visit. Not exactly what I was looking for. But fun. BTW, while the broad brushstrokes of successful marketing remain the same on the cyber battlefield of selling homes today, the rule book has changed. That's what we deal with on our websites. ... .
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Hint #7 for . Safety First: Keep halls and stairways clear. Avoid cluttered appearances and possible injuries
Someone knows how to bring a lot of into your home, over a single weekend. Opportunity attracts them. Emotion captures them. Competition excites them. Their wallets open. Top dollar for your home pops out in an open bidding process that concludes on a single Sunday afternoon .
The average home is currently on the for about 4 months before it goes to contract. Around 15% of initial real estate contracts never make it to a successful closing ... something goes wrong, and the frustrated seller puts the home back on the real estate market .
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. Noise does not sell well. Let the Realtor� and buyer talk, free of disturbances. Background "soft playing" music is okay, but the wrong sounds will turn buyers off. Noisy children and animals are roadblocks to a contract � and traffic, trains, and planes must be dealt with honestly, if they are part of the deal. Go here for more ideas.
watch "absorption rates" closely. It's a time-tested yardstick for home sales. Does it prove that the Housing Bubble has already popped? You bet it has.
Hint #11 for . You Can Sell Pride Of Ownership. Cleanliness counts. Potpourrie works. So does a nice-smelling stew simmering on the stove. Happy buyers often tell us: "I liked the smell of the home." And you'd be surprised how many people walked away from a "perfect" home because "the owners were smokers."
Has the Housing Bubble popped? says "Yes!" A typical subdivision -- the Boca Country Club -- characterizes the area, and the problem.
Hint #10 for . Arrange Bedrooms Neatly: Remove excess furniture. Use attractive bedspreads and window treatments, with freshly laundered curtains if you use them.
In this "cooling off" real estate market, suggest that the average residence is shown about 4 times a week during the first 3 weeks of a real estate listing. After that, an unsold home goes "stale" ... it gets shown less .
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Hint #4 for . Fix That Faucet! Dripping water suggests faulty plumbing, one of the greatest fears that savvy buyers have.
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