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"Real Financial Heroes" needed in CA!


               
2007 May 10, 9:30am   27,573 views  246 comments

by HARM   follow (0)  

Housing woes to continue, expert says
Economist says downturn could weaken state's financial future
Contra Costa Times 05/10/2007

"The malaise in California home building will hound the state for a while longer, a top state government economist told an East Bay gathering Wednesday. Even worse, California is particularly vulnerable to ripple effects because the state depends on housing and home building for a greater share of its economic activity than other regions, said Howard Roth, chief economist with the state's Department of Finance.”

"‘I see no signs that the housing downturn will abate any time soon,' he said during an interview after his speech.”

"...Roth warned that the weakness could be even more severe based on the first-quarter home building activity. ‘To keep us out of recession, we need for consumers to continue to spend through the rest of 2007,' Roth said.”

Have YOU been doing your part for Clownifornia's economy? How many bidding wars have you "won" lately? How many plasmas, boats, RVs or spousal "enhancements" have you bought with the house ATM this year? None?!? Why do you hate Amerika...?

Do we really need to make renting and saving a criminal offense? Enough already --stop your whining and get out and start spending, dammit!!

Uncle HARM

#housing

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1   Glen   @   2007 May 10, 9:46am  

Is that Uncle Ben?

2   HARM   @   2007 May 10, 9:47am  

@Glen,

Yes.

3   Peter P   @   2007 May 10, 9:49am  

The law should require at least one sushi dinner per week.

4   Peter P   @   2007 May 10, 9:50am  

Scrap that! I do not want sushi bidding wars. The restaurants are already overcrowded.

5   Glen   @   2007 May 10, 9:54am  

You have to buy sushi and sake for your entire office every day. You must charge it on your credit card. Do not pay it off, though. Just keep paying for it for the next 12 years.

6   HARM   @   2007 May 10, 9:59am  

Glen,

Ok, you've clearly got the right idea! Now, let's take it just a little further... Pay off that credit card with your HELOC and now you'll be paying for that lunch for 30 YEARS! Even better, keep serially refi'ing and NEVER pay it off.

7   HARM   @   2007 May 10, 10:08am  

I am attempting to go for the FB Grand-Slam:

A custom RV with solid gold diamond-studded rims & spinners, that comes equipped with a speedboat & self-contained launch ramp and enough 60" plasmas & X-Boxes for every passenger. It should also have its own built-in plastic surgery clinic & rent-a-doc, for whenever the random desire for a quick Botox or "enhancement" happens to strike you.

8   e   @   2007 May 10, 10:09am  

Scrap that! I do not want sushi bidding wars. The restaurants are already overcrowded.

Have you been to the place in Sunnyvale on Champs-Elysees - er El Camino Real - called "Chocolate Sushi"?

9   GammaRaze   @   2007 May 10, 10:38am  

Don't worry uncle HARM, I am sure our overlords at the governments will make us all pay for this downturn, one way or another, all in the name of compassion.

From each according to his means, to each according to his needs. Remember?

10   OO   @   2007 May 10, 12:12pm  

I am looking forward to a fire sale of LX470. Will it happen soon? Or should I bite the bullet now?

Any chance that 400h will be on fire sale soon from the FBs? Or FBs are highly unlikely to go for hybrids?

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