FREEDOM & LIBERTY is for EVERYONE!!!. . . . .

Folks from all over the world have accessed this site. The desire to be free of the shackles of fascism, socialism, communism and progressivism are universal. Folks just want to live their lives and be left alone... Dammit!

"People don't like to be meddled with. We tell them what to do, what to think. Don't run. Don't walk. We're in their homes, and in their heads, and we haven't the right. We're meddlesome." River Tam referring to the government.

Not Politically Correct. . .

"Be not intimidated...
nor suffer yourselves to be wheedled out of your liberties by any pretense of politeness, delicacy, or decency.
These, as they are often used, are but three different names for hypocrisy, chicanery and cowardice."
- John Adams

Abraham Lincoln

To quote Jack Donovan’s Violence is Golden: ‘Without action, words are just words. Without violence, laws are just words. Violence isn’t the only answer, but it is the final answer.’

In a world gone mad we are the villains. We wield the truth and the light. In the end we will only be answerable to ourselves and our God. If we win then we inherit the earth, if we lose we get to Heaven.

Wednesday, December 30, 2009

If you're waiting to buy a house, maybe you should wait a little longer.

False Hope in the Real Estate Comeback

 12/30/09 London, England – The Los Angeles Times tells us that mortgage defaults in the prime category rose in the 3rd quarter. If you are wondering what might happen to housing prices in the US…should the depression continue…you might want to keep an eye on the default rate.

 Housing prices are down about 30% nationwide. In some areas, they are down much more.

In the early stages of a depression, people may believe that “prices will come back.” They wait. They hope. Sometimes, prices do come back. Sometimes they don’t. But if the depression continues, people will give up hope and lose confidence. They will begin to put unwanted properties up for sale – even at much lower prices. And they will begin to default even when they can still make mortgage payments.

 There were only 2 million houses in the subprime mortgage sector. There soon may be as many as 30 million houses that are ‘underwater.’ When those homes stop expecting prices to recover, they will want to get rid of these waterlogged properties. And they can do so easily. They just send the keys to the mortgage company and walk away.

 Hold onto your hats.   This ride is going to get bumpy!!! 

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