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  1. M

    Your financial moves for 2008

    <p>Trying to balance investments between American and foreign investments</p> <p>Thinking about gold - hopefully not too late if I do take a plunge in this arena</p> <p>Thinking about foreign currency cd's</p> <p>making the assumption that buying a house is still a year of two away</p>...
  2. M

    The effect of the credit crunch begins in December

    Thanks Anonymous - very interesting graph - doubled since last year this time. It will be interesting to see what this year will hold.
  3. M

    changing in contract

    <p>that would be a big deal to me - very big deal - It is like saying we just decided to raise your price by 7752. But, I have no clue about legality.</p>
  4. M

    What are your predictions for 2008?

    didn's someone predict that Brittany Spears would fall farther in 2008 - can't find the comment but it is already coming true. I can't help but feel for her - and actually I have more faith that she can turn her life around than that the housing market can be turned around! :)
  5. M

    Crash Proof Peter Schiff

    <p>This email with video was sent out by Europac today - the video is a little long but interesting - especially if you haven't read the book.</p> <p></p> <p>Dear Investor,</p> <p>The link below will take you to a video interview that I taped a few months ago. Because of some internal...
  6. M

    The effect of the credit crunch begins in December

    I read about these situations such high credit card debt, over-used HELOC, financing super expensive cars and it is just so hard for me to believe that it is the way so many people are currently living - it is like I can believe it in my head but I really can't internalize it - very strange...
  7. M

    The effect of the credit crunch begins in December

    <p>if there are only 30 yr mortgages left then WHO! is still buying these homes? People with large down payments? As I have been saying about CA for real estate for as long as I can remember - </p> <p>I just dont get it!!!!!!!</p>
  8. M

    The effect of the credit crunch begins in December

    Without the extras - such as BMW's as compared to Toyota's and without the credit card debt I personally believe this mortgage would be doable on that income - it would be tight but definetely doable. However, as someone mentioned earlier - with kids in college it would be pretty tough...
  9. M

    The effect of the credit crunch begins in December

    1195 in credit card a month! Is that normal?
  10. M

    Many foreign buyers, capitalizing on a weaker dollar, are snapping up some of these high-end condos

    Am I missing something or couldn't this just be the same statistical movement we see going on everywhere - higher end properties selling - lower end properties not? Obviously the low end in Manhatten is different than the low end in OC but still..... Also, I imagine in the same way that...
  11. M

    The effect of the credit crunch begins in December

    <p>I agree - they should be able to handle that payment. But it isn't going to be a "rich" lifestyle - at least compared to our "OC" expectations - compared to most of the world - who we easily forget at times - they are doing just fine. </p>
  12. M

    Presidential Candidate Thread: Is Ron Paul good for the country?

    <p>I see a difference between cars and guns - there are numerous uses for a car that are not destructive to anybody's life at all. The purpose of a car is not to kill - it is to transport. That is not true of guns for the most part. </p> <p>I think that if someone even threatens to use a...
  13. M

    Presidential Candidate Thread: Is Ron Paul good for the country?

    <p>cm dude - forgive me if I am picking on one point of your statement but why (and I do really want to hear your answer) do you feel that since the govt allowed you to handle large scale weapons while in thier employment should you now, as a regular citizen, continue to have the right to do so...
  14. M

    Presidential Candidate Thread: Is Ron Paul good for the country?

    <p>I don't want to live in a society where people are allowed to own any type of life destroying device they want - I do not believe the constitution was intended to allow people to behave in any way they see fit - and that includes their purchasing behavior, collecting behavior and...
  15. M

    The effect of the credit crunch begins in December

    <p>I assume there are figures that come out indicating how many people have filed bankruptcy? Are those up - or are we still ahead of those statistics showing up? I really have no concept as to how bankruptcy works except the little I have read on calculated risk about the whole idea of cram...
  16. M

    The effect of the credit crunch begins in December

    What always amazes me about foreclosure numbers is when you think about what might be underneath them - for every foreclosure how many people are barely still paying thier mortgage, looking at a mortgage re-set - or are in a regular 30 year mortgage that they are barely affording. The numbers...
  17. M

    Political Philosophy and Economics

    If true capitalism is at work then shouldn't things only fall in price because there is no more demand for them. Since there is no true capitalism and we regularly practice corporate welfare among other types of monetary shenanigans then shouldn't we allow for some deflation in the same way we...
  18. M

    Political Philosophy and Economics

    <p>I believe both Abama and Clinton are right - people respond to very simple financial incentives.</p> <p>I am still not fully understanding why deflation is something that so desperately needs to be avoided - does it really hurt me - the regular middle class person who would really like to...
  19. M

    Reverse Mortgage: Friend or Foe?

    <p>Based on what I read it is nice that both sides are being held responsible - the lenders lose money by accepting a lower price and the owner doesn't get to benefit from a poor decision. For some people the process of physically moving to an apt - although it might be financially better - is...
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