[coyote]

$this->bbcode_second_pass_quote('rwwff', 'S')orry, but planting broccoli seedlings, showing my daughter how to not kill the small, three week old daikons with the watering can, and tending to my nectarines needed the time, more than I needed to be a MFP.

[Tapas]

This hilarious commercial encapsulates what is wrong with some henpecked husbands - always eager to please their wives … and getting stuck with a 30 year long slavery contract with the banksters!


Suzanne Researched This


Loved the viewer comments

Tapas

[emersonbiggins]

Hear that bubble hissing now?

$this->bbcode_second_pass_quote('', '[')b]Foreclosures jump to '80s level

Nearly 4,000 homes up for possible sale; gas prices, debt blamed

Home foreclosure postings in the Dallas-Fort Worth area have surged to their highest level since the 1980s.

Nearly 4,000 homes in Dallas, Tarrant, Collin and Denton counties have been posted for possible sale in November, up 49 percent from the same period a year ago.

"It's high, much higher than normal," said George Roddy, president of Addison-based Foreclosure Listing Service, which compiled the data.

Fueling the foreclosures are interest rate hikes, rising living expenses and consumer debt, and aggressive lending practices.

Home foreclosure postings reached about 35,300 so far this year, increasing 20 percent over the same period a year ago. That figure has already surpassed the total for 2005, which was about 32,500.

Foreclosures typically have their roots in a family calamity, such as divorce, death or job loss. Making things worse this year, said Mr. Roddy, were high energy prices and ballooning credit card debt. Meanwhile, real wages have stagnated.

"If you look at gasoline charges up until a month ago, they were up to the moon," he said. "And obviously, there's the cost of electricity and the high credit card balances people are holding."

Another likely culprit: aggressive lending, in which mortgage companies sell homeowners products that might not be suitable in the long term.

[PrairieMule]

Those nearing foreclosure in the Dallas area all suffered from "Big Hat No Cattle" syndrome of optimism from the last 10 years of growth here. The market is cooling off and rightfully so. The decline in Dallas is a mere speedbump compared to the crater California, Nevada and Florida has begun to hit.

BTW-I survived the 1st and 2nd round of layoffs here at Countrywide.

[emersonbiggins]

$this->bbcode_second_pass_quote('PrairieMule', 'T')hose nearing foreclosure in the Dallas area all suffered from "Big Hat No Cattle" syndrome of optimism from the last 10 years of growth here. The market is cooling off and rightfully so. The decline in Dallas is a mere speedbump compared to the crater California, Nevada and Florida has begun to hit.

BTW-I survived the 1st and 2nd round of layoffs here at Countrywide.

[PrairieMule]

$this->bbcode_second_pass_quote('emersonbiggins', '')$this->bbcode_second_pass_quote('PrairieMule', 'T')hose nearing foreclosure in the Dallas area all suffered from "Big Hat No Cattle" syndrome of optimism from the last 10 years of growth here. The market is cooling off and rightfully so. The decline in Dallas is a mere speedbump compared to the crater California, Nevada and Florida has begun to hit.

BTW-I survived the 1st and 2nd round of layoffs here at Countrywide.

[Fergus]

Theres two houses in my neighborhood right now that were foreclosed on. Thats just on the route we walk our dog. I am in D/FW.

[TreebeardsUncle]

Well, how far down should the real estate market go and when is it likely to recover, do you all think?
g

[bobbyald]

Have a look at Mish:

http://globaleconomicanalysis.blogspot.com/

[TommyJefferson]

$this->bbcode_second_pass_quote('PrairieMule', 'B')TW-I survived the 1st and 2nd round of layoffs here at Countrywide.

[PrairieMule]

Our office is moving to Richardson this spring. I'll have to go from a 3 mile commute right now to 25 mile each way. I may get a DART pass.

[galacticsurfer]

I read Mish all the time. Great stuff. My question is when will the unemployment stats and the market finally react to this and how big a recession or depression will there be? Is this the big one like the great depression? The Japanese had ten years of almost no growth and the govt. spent money like water to pump up the economy to no avail. Only demand from China helped overcome the problems there but now everybody is doing temp jobs(no more iron rice bowl). But people were not starving. So will great depression come next year but nobody will starve due to govt. handouts?

[Tuike]

$this->bbcode_second_pass_quote('CNNMoney.com', '[')b]Prices post nearly a 10% decline from a year earlier and more than 15% from peak; lower prices lift September sales 5.3%.

New home prices took their biggest hit in more than 35 years in September, the government said Thursday, the latest sign that builders are struggling to unload a glut of unsold homes as the nation's real estate market cools.

[emersonbiggins]

Just a few unsold homes spells big trouble for builders and developers.
The party is over.

[ColossalContrarian]

Not to hijack this thread but can anyone tell me why the housing bubble isn't effecting Las Vegas?

I'm not the type of person who could live in Vegas but over the past few years the housing market in Vegas has skyrocketed and I'm trying to understand what the big draw to living in Vegas is all about.

It's the desert, no easy access to water or food... Seems like a bad place to be if PO hits!

[ThunderSnow]

$this->bbcode_second_pass_quote('Sabibaby', 'N')ot to hijack this thread but can anyone tell me why the housing bubble isn't effecting Las Vegas?

I'm not the type of person who could live in Vegas but over the past few years the housing market in Vegas has skyrocketed and I'm trying to understand what the big draw to living in Vegas is all about.

It's the desert, no easy access to water or food... Seems like a bad place to be if PO hits!

[firestarter]

Below is how the markets dealt with today's housing news:

[emersonbiggins]

$this->bbcode_second_pass_quote('Sabibaby', 'N')ot to hijack this thread but can anyone tell me why the housing bubble isn't effecting Las Vegas?

[ThunderSnow]

$this->bbcode_second_pass_quote('emersonbiggins', '')$this->bbcode_second_pass_quote('Sabibaby', 'N')ot to hijack this thread but can anyone tell me why the housing bubble isn't effecting Las Vegas?