MONEY: Your Home Is Not An Investment

Wednesday, August 19, 2009

http://www.bargaineering.com/articles/your-home-is-not-an-investment.html

Your Home Is Not An Investment
from Bargaineering.com by Jim

*** begin quote ***

There are many benefits to owning a home and I’m a huge fan of it, but don’t justify buying a home by thinking its home is an investment. It’s not.

It is, however, a place to live, a place to make your own, and a place to make yours. It’s a place to put down roots, a place to raise a family, and a place to grow old in. It’s a place to call your own, it’s just not an investment. It’s a home.

*** end quote ***

Had this discussion a few weeks ago with an OLDER friend and his family. Couldn’t seem to break thru that “rent” was not “lost”. Sigh.

It’s only an investment if you get rent for it.

Frau is enamored with HGTV and all the renovation, vacation, and first time. (I don’t understand how they can ignore labor cost in the renovations. I don’t understand buying an international vacation home for several 100K$; how many times can you go there? I don’t understand first time buyers who exceed their budget consistently.)

It’s only a legacy.

It’s not an ATM like how people were refinancing to get cash out.

Everything is great when the market is going up; down, not so good.

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RANT: Look at government health care survival rates!

Wednesday, August 19, 2009

Breast cancer survival rate is twice England; prostate cancer survival rate is similarly higher.

No gooferment health care!

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RANT: Lemonade sellers to jail!

Wednesday, August 19, 2009

http://www.nypost.com/seven/08162009/news/regionalnews/sweet_lemonade_kid_lapped_184770.htm

SWEET LEMONADE KID $LAPPED
BITTER AGENTS WRITE $50 TICKET
By FRANK ROSARIO and TIM PERONE
JUST FINE! Clementine Lee holds the ticket that agents handed her and her dad. Parks boss Adrian Benepe voided it.

Last updated: 4:13 am
August 16, 2009
Posted: 2:13 am

*** begin quote ***

Three sourpuss Parks Department agents put the squeeze on a 10-year-old girl in Riverside Park yesterday, slapping the tyke with a $50 ticket for hawking lemonade without a permit.

*** end quote ***

Sorry, but where did the bureaucrat get off “voiding” the ticket? And, what about Federal charges for practicing chemistry without a license.

The City (an imaginary entity) needs the fifty bucks.

Yeah, it’s absurd. But then, gooferment is absurd.

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RANT: We have some “yahoos” here?

Tuesday, August 18, 2009

*** begin quote ***

I was encouraged to learn that former President Jimmy Carter had decided to sever ties with the Southern Baptist Convention, after a lifetime in that denomination, because of its position that Eve was responsible for original sin, that wives must be subservient to their husbands, and that women were prohibited from serving as deacons, pastors, or chaplains in the military service. This is indeed an abomination and must be challenged at every opportunity. Bravo to Jimmy Carter for having the courage to speak the truth in love.

*** end quote ***

I’m thankful that the rest of the world keeps their women down. As one radio host used to say “with one hand tied behind my back”, these Yahoos manage to deprive themselves of a whole lot of human resource. Good for us! Then I read that we still have some of the same Yahoos here in country.

Wow!

How dumb?

Carrying a grudge from the beginning of time. Based on a book of unknown veracity. About a time when time began.

Reminds me of the movie about the primitive worshipping a Coke Bottle that fell out of a plane.

Makes as much sense.

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RANT: Slandering the insurance companies!

Tuesday, August 18, 2009

Did Health and Human Services Secretary Kathleen Sebelius just accuse the insurance companies of being dishonest?

Isn’t Obama the chief law enforcement officer?

So which is it?

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FUN: WALK NAKED IN AMERICA DAY

Tuesday, August 18, 2009

FROM ONE OF MY EFRIENDS WITH CLEARLY TOO MUCH TIME ON HIS HANDS!

*** begin quote ***

I felt compelled to pass this on and do my part.

WALK NAKED IN AMERICA DAY

Don’t forget to mark your calendars. As you may already know, it is a sin for a Muslim male to see any woman other than his wife naked. He must commit suicide if he does. So next Saturday at 4 PM Eastern Time, all American women are asked to walk out of their house completely naked to help weed out any neighborhood terrorists. Circling your block for one hour is recommended for this anti-terrorist effort. All patriotic men are to position themselves in lawn chairs in front of their house to prove they are not Muslims and to demonstrate they think its okay to see nude women other than their wife and to show support for all American women. Since Islam also does not approve of alcohol, a cold 6-pack at your side is further proof of your anti-Muslim sentiment. The American government appreciates your efforts to root out terrorists and applauds your participation in this anti-terrorist activity.

God bless America!

It is your patriotic duty to pass this on. If you don’t send this to at least 5 people, you’re a terrorist-sympathizing, lily-livered coward and are in the position of posing as a national threat.

*** end quote ***

ROFL!

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MONEY: Hyperinflation

Tuesday, August 18, 2009
http://www.spiegel.de/international/germany/0,1518,641758,00.html
MILLIONS, BILLIONS, TRILLIONS
Germany in the Era of HyperinflationBy Alexander Jung

*** begin quote ***

During the hyperinflation in Germany of 1920s, the country’s currency, the mark, went crazy. The government of the Weimar Republic may have been able to clear its debts, but it came at the cost of the citizens’ savings. It’s an era that is still part of the national psyche today.
*** and ***

Take for example the family that sold its house to emigrate to America. On arrival at the port of Hamburg, they found that the money wasn’t enough to pay for their crossing — in fact, it didn’t even pay for their tickets back home. Then there was the man who drank two cups of coffee at 5,000 marks each, only to be presented with a bill for 14,000. When he asked why this was he was told he should have ordered the coffees at the same time because the price had gone up in between. And then there’s the story about the couple that took a few hundred million marks to the theater box office hoping to see a show, but discovered it wasn’t nearly enough. Tickets were now a billion marks each.

*** end quote ***

And that kiddies is what faces us here in the USA in the near future.
But It CAN’T happen here!
Can it?
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RANT: The USA is broke!

Monday, August 17, 2009

http://www.lewrockwell.com/paul/paul566.html

Healthcare Plan Based on Economic Fantasy
by Ron Paul

*** begin quote ***

As the healthcare debate rages on, there is one reality that even the proponents of this hostile takeover of healthcare by government cannot ignore – and that is money. The government simply does not have the money for a new, expansive, public healthcare plan. The country is in a deep recession that will deepen even further with the coming collapse of the commercial real estate market. The last thing we need is for government to increase and expand taxes to pay for another damaging, wasteful program. Foreigners are becoming less enthusiastic about buying our debt, and creating another open-ended welfare program when we cannot pay for what is already in place, will not help. Champions of socialized medicine want to tax the rich, tax businesses that already cannot afford to provide health plans to employees, and tax people who don’t want to participate in the government’s scheme by buying an approved healthcare plan. Presumably, all these taxes are to induce compliance. This is not freedom, nor will it improve healthcare.

*** end quote ***

“Where’s the beef?” Clara of Wendy’s fame asked that question every few minutes on the commercials of yesteryear.

One would hope youngsters of all ages would begin to ask the same question!

And, it’s the money, honey. Where is it going to come from?

Economics is called the “dismal science” because it recognizes that resources are limited.

A six pack of … doughnuts … can only go so far.

Can’t print more! The FED can fool us by printing more “money”, but it doesn’t increase the supply of doughnuts. Some one has to bake them.

Somewhere in the world someone has to forego a doughnut for it to magically appear here.

Cut to the bottom line, No one will buy the American IOU. Would you?

Sorry but there is no “beef”. The congress critters “ate” it all.

Get Rid of Incumbent Politicians. Both the D’s and the R’s. No difference.

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INTERESTING: Authors@Google: Dan Roam

Monday, August 17, 2009

INTERESTING: Authors@Google: Dan Roam

Dan Roam visits Google’s Mountain View, CA headquarters to discuss his book “The Back of the Napkin: Solving Problems and Selling Ideas with Pictures.”

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INTERESTING: WWJD with health care

Monday, August 17, 2009

http://www.cato-at-liberty.org/2009/08/13/health-care-reform-wwjd/

Health Care Reform: WWJD?
Posted by Michael F. Cannon

*** begin quote ***

Sympathy and sentiment are wonderful but do not always work well as criteria for good policy.

*** end quote ***

A very funny quick read. I think EVERYONE should read it.

ROFL, about J being a policy wonk.

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