Tuesday, March 27, 2007
Sunday, March 18, 2007
With every passing day the memories of my youth become more strained. But I am not so old that all clarity has faded. I can still remember much about growing up in this great nation of ours. Our family was large. Only my father worked. We had little. But we never asked, nor would we have accepted, anything from anybody else. The envelopes that we put in the church collection basket were filled with coins and dollar bills. There was a “mission bank” in our cupboard. Its contents were periodically sent to the poor in Africa and then filled nearly as quickly as it had been emptied. Our clothes were handed down. So was an ethic of hard work and responsibility.
Here is the link to his letter.
Friday, March 16, 2007
I guess I don't understand why people choose to live like pigs. One can only imagine what the inside looks like. Why not take pride in your home? It only hurts the value of your home and your neighbors' homes to leave this junk up year 'round. There is a house in another neighborhood where they celebrate Christmas, Easter, 4th of July, Fall, and Halloween all at once. I'll have to get a picture of that one too.
Wednesday, March 14, 2007
Thursday, March 8, 2007
There still are places in America where one can cash out and have basically no worries, with nothing to do. A home within the city limits of this itty bitty town can be as low as $25,000. The same house that in southern California could go for $600,000.
Everyone has their own idea of paradise. What is yours?
Tuesday, March 6, 2007
In the year 2008 a trillion dollars worth of adjustable loans will be due. That means either people will have to refinance for a fixed loan, pay the new adjustable rate (i.e. a $1500 mortgage payment could become a $2000 payment), or sell.
Just to show how much a trillion dollars is:
A trillion dollars is so large a number that only politicians can use the term in conversation... probably because they seldom think about what they are really saying. I've read that mathematicians do not even use the term trillion! Here is some perspective on TRILLION:
Trillion = 1,000,000,000,000. The country has not existed for a trillion seconds. Western civilization has not been around a trillion seconds. One trillion seconds ago – 31,688 years – Neanderthals stalked the plains of Europe.
You can find the above quote here.
Sunday, March 4, 2007
This picture was taken in Lake Havasu City, Arizona, when one could buy a house for $109,000, and I did! I turned around and sold that house for $212,000 six years later.
I moved back to the midwest where I grew up, and where my wife was accepted into nursing school, but still follow the real estate market in Arizona and the west coast. Now that my wife is finished with nursing school, we are planning to move back out west and buy a house within a year.
I am making this blog to chronicle the real estate market, because that is what I enjoy doing. I am by NO MEANS a professional. This is just a hobby for me. I welcome comments and suggestions as I blog about real estate news and my opinions.
I chose the name for this blog, because that is how the real estate market seems right now. We just recently sold our home in Illinois after being on the market for over 90 days for $157,000, original list price of $169,500. Since then, similar houses are listing at $154,000, with one selling for $150,000. We are now renting until June, when we will be moving back out west, and will rent there for about a year to see how the market goes.