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An incredible number of houses and townhomes on the rental market for high prices, ie. 2400/month. Why pay such high rent when you can buy for the same price, even in this abysmal bubble market?
The explanation is of course they cannot sell these newly built townhouses and try to get the mortgage payment out of renters.
also, people renting are trying to attain rent based on the bubble mortgage prices!!! There is a reason that 13% of the homes in the US are vacant - either in foreclosure or asking way too much in rent!
Around here - it seems like every other office space is vacant. I live in one of the better markets in the US for both housing and biz.....I see so many little guys closing left and right ...
This:
http://i.imgur.com/qDhCz.jpg
Actual Bear: $12
Digital Bear: $17.49
So I am looking for a new to me (used) pair of home stereo speakers... have been browsing the local Craigslist.
Lots of comments like "need some cash now" , or more ominous, "we had to move into a smaller place and now these speakers are too large" .
Lots of downsizing, selling things to raise cash, etc.
Lots of people who couldn't afford their house mortgage are now living in apartments or condos here in soCal. What will happen when they don't have any money to pay the rent on these places, I wonder?Quote:
Originally Posted by ShortJohnSilver
Four 9x12 flat mailing envelopes (not padded): $1.99 + tax at Target!! :o
Am seeing "Help Wanted"/"Now Hiring" signs more & more in storefronts this week.
all the blockbusters in my town shut down last month
one is turning into a 7-11...
http://www.geekatsea.com/lessons-fro...e-entrepreneur
3 lessons from a Coffee Entrepreneur
1 and 2. lower overhead - he cut out credit card processing, computer point of sale terminal and went cash-only, along with IOUs from his regulars - who, glad they are being trusted, do in fact pay up.
3. "John too used to order $70 worth of baked goodies every day, but only sell about half. One day the bakery raised their prices, and that was the tipping point." - started making some homemade baked goods and bought inexpensive donuts, which customers love and which drives his coffee and drink sales...
Economy must be better in the neighborhood this year. Already hearing fireworks after dusk several nights in a row. Typically it's only around the 4th of July week.
Rural northern Minnesota church my relatives belonged to, robbed recently. Snips from an email from my Mom:
At least it wasn't vandalized. But sill, sheesh!Quote:
...church was "robbed" of everything in the kitchen, everything of the silver service, coffee pots,
communion sets, toilet paper, paper towels, silverware, dishes, even "Swiffers"!
The coffee pots stolen were the old-fashioned blue enamel pots used constantly
by Nellie as she cooked egg coffee for everybody at xxxxxx.
The thieves took everything, including air fresheners in the two bathrooms and garbage
cans. No damage to stained glass windows or pews etc. upstairs, but the "basement is
picked clean". They even stole the gallon jugs of communion wine!
I remember Mom and Dad talking about how much the silver communion set cost and otherkeepsakes given to xxxxxx in honor of various family members, from the funeral
memorial money etc. I know the silver was engraved with xxxxxxx names, and the
total collection amounted to more than $7,000 over the space of the decades
with the chalices, candelabras for the altar and communion sets being the most costly.