Daily Kos

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  •  Driving us off the cliff.... (none / 0)

    This administration is behind the wheel of a Hummer and driving us right off the cliff.

    And there is also no way to account for what another attack might cause--and yet even they say that is only a matter of "when", not "if"....

    I figured I had until this summer to bail out of my stocks, but I have already started.  This was also in part due to the predictions by Seymour Hersh, who predicted the Iran invasion for the summer.

    Hmmm....isn't that an interesting coincidence, 6 months to a year on the recession, time to call a war!  Look, over there, bad muslims!

    Gold, here I come....

    by mem from somerville on Sun Feb 20, 2005 at 04:39:16 PM PDT

    •  I jsut watched (none / 0)

      Bill Daley, (Chicago Mayor Daley;'s son, and  former Clinton Budget Director(?), and a real estate mogul by the name of Zell, on CNBC. They were going on about how stable the economy was and how much money was being made in real estate and corporate earnings. I also saw Clinton's former Treasury Sec (can't remember his name right now), on c-span a couple of days ago, and even his rhetoric was toned down in terms of the economic outlook. Wonder what's up.  

      "conservatives are the worshipers of dead radicals".

      by gandalf on Sun Feb 20, 2005 at 06:31:55 PM PDT

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      •  Daley's BROTHER...Not son. n/y (none / 0)

        No one can terrorize a whole nation, unless we are all his accomplices. ~Edward R. Murrow

        by mlkisler on Sun Feb 20, 2005 at 06:46:18 PM PDT

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      •  Real estate (none / 0)

        in Phoenix AZ is (and has for over a year) been going nuts.  It is so bad now that within hours of a house going on the market, there will be at least two offers, both over market and often in cash.  Propertie's values are doubling annually.  I spoke with my realtor about this.  She told me an agent she spoke with recently who was in the market in the 80's said it is exactly the same now as it was then.  And then, when the recession kicked in rates went up, folks couldn't pay, banks foreclosed and the market was awash in cheap property.  

        by clb8 on Sun Feb 20, 2005 at 06:49:38 PM PDT

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        •  I believe it. (none / 0)

          I put off buying until I see what happens down the line. I am gambling on interest, but in a few years, I will have a much bigger downpayment.

          Signature Impaired.

          by gttim on Sun Feb 20, 2005 at 08:40:39 PM PDT

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        •  the phoenix indicator (none / 0)

          some of it could be the huge popolation shift from the coast to sunny phoenix.. but I was in phoenix in the early 90's to see the effects of the RE bust.   Depressing is too kind a word.  Whole office buildings standing empty, took until 95-96 for things to start looking normal again.

          If Phoenix is a reliable indicator, watch out.

          "..we've got to make it look like an accident."

          by cdelia on Sun Feb 20, 2005 at 11:07:34 PM PDT

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          •  Californian's (none / 0)

            have been moving here since the quake and fires in the 90's...this is different.  These are investors cashing out of the market and buying land.  

            Until recently many would buy a spec home and sell it the week it was finished coz the home would acrue about 10% just in the months it would take to build it.  There is now a law requiring that the buyer live in the place for at least a year; the state had to do something to help local folks who were finding it increasingly hard to buy a home; our average income is below the national average enough so that we couldn't compete with outsiders for our own homes!

            There are alot of rental homes and condos on the market right now, from these investors buying and waiting for interest rates to go up and folks no longer being able to finance mortgages, who will then need to rent.  It feels a little like watching 'gators taking position on the shore as a weak deer flails around in a shrinking flood pool...creepy.

            by clb8 on Sun Feb 20, 2005 at 11:59:51 PM PDT

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