The Flip Board

I just read an article earlier today that really puts into perspective exactly what the mortgage collapse was all about. Check it out here.

The mess has gotten so complicated and convoluted that it has affected banks, savings & loans and other such institutions worldwide. As we move forward and keep our eyes focused on better days ahead, let us not forget the behaviors that led us into this mess in the first place. For if we forget our past, we are doomed to repeat it.

-Richard - www.TheFlipBoard.com

The weekend before Christmas 2008 is upon us! Beware! Streets will become crowded, retail prices lowered and people more obnoxious than ever. It’s time to jump into the fracas that is last minute Christmas shopping. Or better yet, go look at houses and build your business. It’s safer and a lot less stressful. Here’s a rhetorical one for ya… If we have been in a recession for a year now, then why are people literally breaking down doors at Wal-Mart to purchase things like TVs?

Instead of bowing to the gods of consumerism, we should be getting back to basics this holiday season. And those basics are family, God and country.  Spend some quality time with your kids. Instead of cramming them in car and driving all over the place, sit down and read them a story. And if you do have to get out, go look at houses. You never know when you will find a good investment deal.

-Richard

U.S. housing starts unexpectedly surged the most in more than two years in June because of a change in New York City’s building code that overshadowed a slide in single-family home construction.

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Housing starts rose to a seasonally adjusted annual rate of 1.032 million, far more than the 954,000 estimated for March or the 939,000 that economists had been anticipating for April.

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I saw yet another news article this morning giving the same old non-sequitors and passing it off as good journalism and financial reporting.  The headline read, “US’s housing prices fall at record rate”.  Yeah, well, DUH?!

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