Happy Halloween!

 

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 From Fox News: 

Housing Vampires Walk Streets After Halloween

The more serious threats to the economy and life as we know it, though, will come from the undead who will still roam the streets well after this year’s Halloween candy has been eaten. They will be those folks who overextended themselves to buy a handsome Gothic mansion in a friendly subdivision. And they will have one thing on their minds – needing more cash to make their monthly mortgage payments, particularly after their adjustable-rate mortgages are re-set. One estimate suggests that 2007 will be the Year of the Vampire, as $1 trillion-worth of ARMs (or 12 percent of all U.S. mortgage debt) will be readjusted upward, increasing monthly payments and adding to homeowners’ burdens. The mortgage companies will want more blood from their mortgagees, yet these homeowners have already been bled white: where will they find the cash to make the payments?

As prices of both new and existing homes fall in many parts of the nation, more ordinary people will become unwilling footsoldiers in the vampire empire, because they won’t be able to refinance their homes. Or, to use the vampire vernacular: They won’t be able to get any more blood from their houses, which will be cold relics of themselves.

Those who own their own homes or who can handle the mortgage or the rent payment may need to start carrying garlic and wearing crosses. Suppose your favorite sister calls to say that she and her husband need some help making ends meet with the mortgage. How will you respond – send the money each month or offer room in your own home? Suppose your friends receive an unwelcome letter coldly stating that their new monthly payment has just increased 50 percent. Will they lose all color from their faces? Will they suddenly feel a strong need for cash – or what Lugosi used to call ‘blahd’ in his thick accent? And — again — where can they find the cash?

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43 Responses to Happy Halloween!

  1. Jay says:

    A Taste for Debt
    by Robert Kiyosaki

    As most of us know, in 1492 Columbus sailed the ocean blue. Financed by King Ferdinand and Queen Isabella of Spain, Columbus not only discovered the new world, he helped Spain become one of the richest empires of its time.

    Soon after Columbus’ voyage, Spanish galleons traveled the world to loot and plunder. It wasn’t long before Spain’s vaults were filled with gold stolen from the New World. While the Spanish conquistadors did spread their religion and civilization to much of the new world, they did so with a potent mix of greed, cruelty, and violence.

    Apparently, it was contagious. In 1557, Spain became the first sovereign nation in history to declare bankruptcy. Phillip II, Spain’s ruler, had such a hunger for warfare and conquest that he continually borrowed money from Genoese lenders so that Spain could continue to fight and steal. His greed bankrupted the country a second, third, and fourth time.

    The Spanish Empire eventually collapsed because of its expensive taste for warfare and conquest. I’m concerned that the modern world will itself be conquered because it’s developed an expensive taste for debt. So what do I recommend? For now, enjoy the party, don’t drink too much, and stay close to the exits.

    http://finance.yahoo.com/columnist/article/richricher/11429

  2. Pat says:

    Boo (ya)

  3. UnRealtor says:

    Look at this Greedy Grubber, relisted 3 times — same price each time — and just can’t figure out why it isn’t selling:

    110 Hartshorn Drive
    Short Hills

    Jul 20, 2006 – $2,300,000 (MLS 2301422)

    Aug 20, 2006 – WITHDRAWN

    Sep 29, 2006 – $2,300,000 (MLS 2325381)

    Oct 29, 2006 – WITHDRAWN

    Oct 31, 2006 – $2,300,000 (MLS 2335926)

    How about adding a coy pond, or burying a statue? That will help.

  4. SAS says:

    Is John Kerry really that stupid?

    SAS

  5. Pat says:

    Stupid as a fox.

  6. Sapiens says:

    SAS Says:
    October 31st, 2006 at 10:15 pm
    Is John Kerry really that stupid?

    SAS

    LOL, did you watch the speech?

    The audience laughed!

    We are there by design, although some people don’t know it, Kerry isn’t one of them.

    -Sapiens

  7. SAS says:

    “The audience laughed!”

    I didn’t laugh.. I’m x military.
    I’d ring that guys god damn neck if I could…

    SAS

  8. UnRealtor says:

    SAS, I assume you’re referring to this:

    “You know, education — if you make the most of it, you study hard, you do your homework, and you make an effort to be smart, uh, you can do well. If you don’t, you get stuck in Iraq.”

    John Kerry
    Speech at Pasadena City College
    October 30, 2006

    http://www.youtube.com/watch?v=vLuMWiQ6r2o

    Shameful. Decades ago he said our troops were “war criminals,” and today he says they’re uneducated losers. He voted to send those ‘uneducated losers’ to Iraq, by the way.

  9. Jersey City Guy says:

    Yes, Kerry is that stupid. But as usual on this site, conservative venom and pile-on idiocy stands as the only kind of politic venom not qualified, not repudiated, not pulled from the responses. Get a life, Unrealtor. By contrast, SAS’s righteous indignation seems justified in the largest sense to me, though Kerry is simply obtuse in the end, not even worth commentary, really.

    Gotta say, though, Bush is the real ass in the end. People saw through Kerry. They were blinded by Bush, however, and that has made all the difference. I’ll never understand why.

  10. SAS says:

    SAS,

    Get off the high horse. I was an LT on Desert Storm 1.0

    -Sapiens

  11. Sapiens says:

    Gotta say, though, Bush is the real ass in the end. People saw through Kerry. They were blinded by Bush, however, and that has made all the difference. I’ll never understand why.

    Can you say Dogma?

    The guy claims God talks to him for Xrist sakes!

    -Sapiens

  12. UnRealtor says:

    “But as usual on this site, conservative venom and pile-on idiocy stands as the only kind of politic venom not qualified, not repudiated, not pulled from the responses. Get a life, Unrealtor.”

    LOL, no doubt the hypocrisy of your comment is lost.

    If you have some evidence to refute one of my posts, provide it. Otherwise, you’re just pissing into the wind.

  13. UnRealtor says:

    “The guy claims God talks to him for Xrist sakes!”

    How do you know God doesn’t? I’m not religious, but why begrudge someone their beliefs? Is that how “tolerance” and “open mindedness” works for you?

    Would you rather he talked about fighting an “unholy axis”:

    “We must exercise responsibility not just at home, but around the world. On the eve of a new century, we have the power and the duty to build a new era of peace and security.

    We must combat an unholy axis of new threats from terrorists, international criminals, and drug traffickers. These 21st century predators feed on technology and the free flow of information… And they will be all the more lethal if weapons of mass destruction fall into their hands.

    Together, we must confront the new hazards of chemical and biological weapons and the outlaw states, terrorists, and organized criminals seeking to acquire them. Saddam Hussein has spent the better part of this decade and much of his nation’s wealth not on providing for the Iraqi people but on developing nuclear, chemical, and biological weapons and the missiles to deliver them.”

    President Clinton
    State of the Union address
    January 27, 1998
    http://freedomagenda.com/iraq/wmd_quotes.html

  14. Sapiens says:

    How do you know God doesn’t?

    Because God talks to me and he has told me that he is not talking to him!

    -Sapiens

  15. you guys are off the mark! This is a housing forum. By the way, politicians are all greedy bastards. We should build a prison for them and let them run things from there.

  16. UnRealtor says:

    “you guys are off the mark! This is a housing forum.”

    I agree.

  17. Jay says:

    ““The guy claims God talks to him for Xrist sakes!”

    How do you know God doesn’t? I’m not religious, but why begrudge someone their beliefs?”

    Unrealtor, you have shed your last bit of credibility. How can anyone take you seriously now? It’s obvious you will say anything to prove your far right points, no matter how exaggerated or ridiculous.

  18. rhymingrealtor says:

    How do you know God doesn’t? I’m not religious, but why begrudge someone their beliefs?”

    Why? because he leads our country based on his beliefs as does Osama Bin Laden.

    I not interested in either of their damn beliefs.

    KL

  19. UnRealtor says:

    Got it. So an “unholy axis” is OK, but when someone with an “R” next their name refers to God in any way, they’re a nut. (And Bush = Bin Laden. Got it.)

    Like I said, just because you and I don’t believe in God, doesn’t mean everyone else doesn’t believe in God. This is how tolerance works — you don’t mock and belittle the beliefs of others, you respect them.

    We observe today not a victory of party but a celebration of freedom — symbolizing an end as well as a beginning — signifying renewal as well as change. For I have sworn before you and Almighty God the same solemn oath our forbears prescribed nearly a century and three-quarters ago.

    The world is very different now. For man holds in his mortal hands the power to abolish all forms of human poverty and all forms of human life. And yet the same revolutionary beliefs for which our forebears fought are still at issue around the globe — the belief that the rights of man come not from the generosity of the state but from the hand of God.

    With a good conscience our only sure reward, with history the final judge of our deeds, let us go forth to lead the land we love, asking His blessing and His help, but knowing that here on earth God’s work must truly be our own.

    Let every nation know, whether it wishes us well or ill, that we shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe to assure the survival and the success of liberty.

    And so, my fellow Americans: ask not what your country can do for you–ask what you can do for your country.

    John F. Kennedy
    Inaugural Address
    Washington, D.C.
    January 20, 1961

    I don’t agree with JFK’s religious beliefs, but I can respect them.

  20. Jay says:

    from C.S. Lewis:

    “Theocracy is the worst of all governments. If we must have a tyrant, a robber baron is far better than an inquisitor. The baron’s cruelty may sometimes sleep, his cupidity at some point be sated; and since he dimly knows he is doing wrong he may possibly repent. But the inquisitor who mistakes his own cruelty and lust of power and fear for the voice of Heaven will torment us infinitely because he torments us with the approval of his own conscience and his better impulses appear to him as temptations…

    The nearer any government approaches to Theocracy the worse it will be. A metaphysic, held by the rulers with the force of a religion, is a bad sign. It forbids them, like the inquisitor, to admit any grain of truth or good in their opponents, it abrogates the ordinary rules of morality, and it gives a seemingly high, super-personal sanction to all the very ordinary human passions by which, like other men, the rulers will frequently be actuated. In a word, it forbids wholesome doubt. A political programme can never in reality be more than probably right.”

  21. UnRealtor says:

    Are you saying JFK ran a “theocracy”? Is it time for tinfoil hats, or what?

    Saudi Arabia is a “theocracy” — can you tell the difference between democracy and “theocracy”?

  22. Jay says:

    You know exactly what I mean.

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