Monday, April 27, 2009
o The Swine Flu and the Economy
A few hundred people catch the swine flu and the very core of our economy is shaken. The stock market is down on the news of the outbreak. Is this new global economy so fragile that pigs can destroy it? Unfortunately yes. The economy caught the swine flu.
Saturday, April 25, 2009
o Banking Cartels
The world leaders have scrambled to set global interest rates low and set a global agenda of printing money to bailout sickened banks. How is this different than OPEC, the oil cartel that tries to set oil prices? Its no different, just a different set of players. Lets call it OTAEC, Organization of Toxic Asset Exporting Countries.
o Dispelling the Renting Stigma
Why is renting seen as negative and home ownership seen as positive.
The "leaders" of this country give people the false notion that buying is a better alternative to renting. Here are the top reasons to be a proud renter:
1) One typically does not build equity in a home for 10 years. No one's job or marriage or personal life is that stable. Home ownership made sense when people stayed in one place, things are much different now.
2) Houses are illiquid assets, its hard to sell once your are in.
3) Home prices go down as well us up. You could own a home for years and the house may be worth less than what you bought it for.
4) Maintenance is expensive.
5) Your nest egg is not tied into your home. A home is just a place to live that can be classified as an expense, too many people attach sentimental value to a house.
Renting has more upside for most over buying. Yet the outmoded politicians still advocate the backwards ideal of home ownership.
The "leaders" of this country give people the false notion that buying is a better alternative to renting. Here are the top reasons to be a proud renter:
1) One typically does not build equity in a home for 10 years. No one's job or marriage or personal life is that stable. Home ownership made sense when people stayed in one place, things are much different now.
2) Houses are illiquid assets, its hard to sell once your are in.
3) Home prices go down as well us up. You could own a home for years and the house may be worth less than what you bought it for.
4) Maintenance is expensive.
5) Your nest egg is not tied into your home. A home is just a place to live that can be classified as an expense, too many people attach sentimental value to a house.
Renting has more upside for most over buying. Yet the outmoded politicians still advocate the backwards ideal of home ownership.
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