Sunday, October 14, 2007
Week Past 10/08-10/14/07
Its been a rainy week creating conditions ideal for fungi to fluorish. So Wed 10/10 as I was about to do my mowing I see these mushrooms thriving in our lawn. Edible? That would be incredible. Finally the mystery car that I wrote about last week is gone. I didn't notice the exact date when it was taken, hauled or towed. I just happened to look at that specific spot and voila something's missing...the car is gone.
Footnote...the housing slump is far from over. One observer said that there's still no light at the end of the tunnel. What is interesting is I read an article at TIME Magazine (I would like to thank my brother Jo for gifting me a 1-year? subscription) that from 1890 to 1990, with inflation factored in, housing prices hasn't change that much. It was pretty much on the same level. It was in 2000 to 2006 that there was a sudden increase. The middle income cannot cope with the price hence mortgage companies with the aid of investors offered sweet deals like no downpayment, interest only payment and what have you. All these in the impression that prices would continue to go up and buyers can sell for profit or refinance. It did not happen. Foreclosures became like an epidemic. The rich will just get richer. They are the ones with money to spare to take advantage of the glut and low prices in housing and properties. Buy now and sell later.
