The Housing bubble is now a fact, as illustrated by the graphs that can be found here,  such as the this one below showing the composite home prices in 10 major markets over the past 15 years…

How low it will go is anyones guess.
However I doubt I’ll be shedding any tears over those poor saps […]

By Resless
Need help? In the market for a house? Kill two birds with one stone at nerve.com:
Sometimes I’m too tired for sex, and my boyfriend takes it personally. How can I let him know that it has nothing to do with him?
I have the opposite problem. My husband is always tired and I’m always ready […]

By Restless
A Pyramid Block by Block

You buy a house for $300,000. Several years later, it’s appreciated to $400,000.

You take out a $100,000 2nd mortgage.

Your lender bundles it together with other mortgages and sells the bundle to S&W Financial.

Using your bundle for collateral, S&W gets a loan for a million that it invests in a leveraged […]

 
I stumbled upon this pretty incredible picture today.
Apparently this guy refused to sell, so the developers are building around his building.

By Restless
Well, the Fed, the US Treasury and the Bush administration–the real axis of evil–would like to forestall the inevitable recession-depression until they carry out their forthcoming attack on Iran. That’s why Bush is sending another carrier group to the Gulf as well as a squadron of F-16s to Turkey. The US is clamping down […]

From YahooNews: 
World’s smallest country up for sale
LONDON (Reuters) - For sale: the world’s smallest country with its own flag, stamps, currency and passports.
Apply to Prince Michael of Sealand if you want to run your own storm-tossed nation — even if it is just a wartime fort perched on two concrete towers in the North Sea.
Built […]

By Restless
Last Sunday, I phoned a friend of mine who is now a professor in a small college town in Iowa. She and her husband still own a small house in Cincinnati where there is now double-digit deflation.
Because the house isn’t worth near what they bought it for, they may have to […]

 
When I was a little kid, I loved digging holes.  I dug holes all the time.  You know how some kids are pyros?  (I was a pyro too) well I was a holyo.  I would dig holes in the backyard, or down the street, or if we had a big snowstorm in the winter, that […]

 
After last weeks analysis of minimum wages .vs. congressional wages, I thought it might be interesting to take a look at a similar economic topic, especially one that’s on the minds of a lot of other X-Generation folks out there like myself.  
Buying a home
Everyone wants to buy a home, its part of the American dream.  […]

(larger version here)
It looks like Red-Topia is still Red-Topia, even if they are turning on Bush.
It’s good to see our friend Joshua here has such a grasp of the issues over there in district 46 in Oklahoma. If I understand his flyer correctly, these are the main issues in his district that he believes voters are […]

 
You think you owe a lot on your credit card, mortgage or student loans?   That’s nothing compared to the $510,678 every single American will have to pay in order to pay off the national liabilities our nation owes.
The National Debt is just one piece of the puzzle, add in Medicare, Social Security, Government retirement benefits etc.  […]

 
From CNN.COM: 
Dracula castle returns to bloodline
BUCHAREST, Romania (AP) — More than 60 years after it was seized by communists, the Romanian government is to hand back one of the country’s most popular tourist sites, the fabled Dracula Castle, to its former owner, the culture minister said Tuesday.
The hand-over ceremony will take place Friday noon in […]

It’s heartening to see a small community like Hercules fight off the Wal-Mart Schlockization of their town.
Hercules is making a concerted effort to try something new.  They are trying to have a REAL community using smart urban planning that is pedestrian friendly and based around small commercial businesses. 
God forbid Wal-Mart is being denied the opportunity […]

From YahooNews: 
Civil War-Era Fort Up for Sale on EBay
ROUSES POINT, N.Y. - A Civil War-era fort is for sale on eBay. Fort Montgomery, built in 1844, was manned during the war but never saw any action.
“This is the first time it’s been formally for sale,” said Victor Podd of Boca Raton, Fla., whose family has […]