For one thing, there are the escalating property taxes and inflation in food, fuel, and everything else. So, even if I have a fixed mortgage payment that is very low, I can count on taxes, heat, and maintenance costs continuing to ratchet northward in lockstep with inflation and depleting oil.

Then,there is having savings for retirement and/or continuing education, and being able to eat and dress reasonably well.

Then, of course, all life’s nasty little surprises, like a medical emergency your insurance co won’t reimburse you for, or $20K worth of dental work, or a surprise plumbing emergency.

Lastly, isn’t it nice just to be able to BREATHE and sleep at night without the sword of a monster mortgage payment hanging over your head?

The median prices are going up in your area because lower-end buyers have been blown out of the market, and only high-income buyers remain.

Here in Chicago, moderate-priced condos and houses are languishing on the market for 180 days to 600 days, but downtown condos in the $2MM and above range are selling quickly. Those are the people who can always buy no matter what.

Fewer lower-income buyers vs high-income buyers means higher median prices.

The site bills itself as “the leading semi-satirical wiki about foreclosure blogs”, and I’d say that’s accurate, given the predictably rather vertical market for “semi-satirical wikis on the topic of foreclosure blogs.” Still, it’s a good read.

Address:
http://www.caseypedia.com/

Hotlink:
Casey Serin

For the Democrats — Mike Gravel and Dennis Kucinich are the only good choices.

But since Republican Libertarian Ron Paul would immediately abolish the Federal Reserve Act — he’ll get my vote. I can think of only one area of disagreement with Dr Paul:

Backing our monetary system with gold is probably not the wisest move. I’m sure most of you have read about the gold confiscation during the Fed-engineered Great Depression… David “Welfare Queen” Rockefeller and friends would do it to us all over again, just like his criminal father did.

No more federal income tax and no f***ing more inflation tax — I’m tired of supporting David Rockefeller’s lazy, useless ass.

Dr. Ron Paul for U.S. President in ‘08.