I thought it would be interesting to look at the sale prices of condos in the condo complex where we rent in Downey, CA. The graph speaks for itself. Prices in Southern California were completely out of touch with reality. Look at the bubble in the early 90’s. Prices only went up by 50% and [...]
Tagged with: bubble, california, economy, Housing, prices
Posted under: Money Stuff
I shared a couple posts about this in Google Reader, but I thought it warranted a full post because this is big. Montana just signed into law the Montana Firearms Freedom Act which has the following summary:
AN ACT EXEMPTING FROM FEDERAL REGULATION UNDER THE COMMERCE CLAUSE OF THE CONSTITUTION OF THE UNITED STATES A FIREARM, [...]
Tagged with: constitution, economy, firearms, freedom, government, guns, law
Posted under: Political Stuff
The full Stimulus bill got posted up tonight, about 10 hours before it goes to the floor of the House. I started skimming through the massive document to see for myself what we’re going to spend hundreds of billions of dollars on. Down in Title X – Military Construction and Veteran Affairs, Sec. 1002 caught [...]
Tagged with: economy, stimulus
Posted under: Political Stuff
Obama rallies Democrats with tough partisan speech
“We can’t embrace the losing formula that says only tax cuts will work for every problem we face; that ignores critical challenges like our addiction to foreign oil, or the soaring cost of health care, or falling schools and crumbling bridges and roads and levees.”
“They didn’t vote for the [...]
Tagged with: economy, Obama, speech, spending, stimulus
Posted under: Political Stuff
Back in August of 2007 I wrote this post, Someone forgot to refill the Real Estate ATM, and predicted that we would see a continued drop in prices, foreclosures would go up and so on. What I didn’t see coming was a big drop in the stock market, sharp increase in unemployment and the massive [...]
Tagged with: bubble, economy, Housing
Posted under: Money Stuff
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