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"The Bolivian economy, never strong, was wrecked by hyperinflation in the 1980s.â€
Were they even complaining back in the 1980s when they were shipping cocaine to the US raking in millions in profits.
4X
2009 Oct 29, 2:54am
I am so tired talking about this crap, when is Obama going follow through with his "Change" agenda and let the markets reset?
I am so tired talking about this crap, when is Obama going follow through with his “Change†agenda and let the markets reset?
Why would you ever think Obama is going to let the markets reset? Everything they have done is just throw money at problems - they are trying to reinflate the bubble. I don't mean this as political, but if you think Obama is going to let markets reset, you have been seriously mislead. He has always said he is going to help homeowners and "keep people in their homes." That's not letting the market reset.
Perhaps it could be posed as a question--how many big companies want the credit party to end? They're going to push for market extensions as long as possible--because that's all they know. I'm also sick of this "too big to fail" argument. "Creative destruction" is a popular "free market" concept-- provided it's not your company facing the axe.
4X
2009 Oct 29, 5:05am
@camping
I was being sarcastic. I dont think Mcain, Palin or Clinton would have done anything differently...the only thing that would have been executed differently would have been the amounts of money thrown that the issue and where the money wound up. In this case, Obama put a lot of ral money into the middle class tax breaks where by Mccain would have lowered taxes on businesses hoping for a trickled down of peanuts.
So, actually if i look at it that way...we are actually getting our money back. LOL
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Its frustrating to keep waiting. This is the area I am actively looking, but None of the houses listed are considering there is a housing crash happening. This is a good example, look at the history:http://www.redfin.com/CA/Sunnyvale/705-W-Fremont-Ave-94087/unit-2/home/1137946
So, this koolaid drinker bought it for 380K in 2003, and now wants 500K. Yes, thats right, a whooping 30% Â for keeping this treasure for 6 years. Unbelievable! If its back to normal, this should be selling about 270-290K range.This might go for about $1800 rent, deducting the HOA, your net is about 1550, so, ideally 270 is the top most bracket. But, hey this is "fortress"....
#housing