Response to post #10 (and others): A blurb from http://abcnews.go.com/Business/Economy/story?id=6… (though I don't generally trust the alphabet agencies) - Nearly one in six homes -- roughly 12 million households -- are underwater or "upside down," and it is a growing problem.
"All indications are that prices are still falling, and if they fall anywhere close to what the consensus believes they will, we'll have 15, 16 million homeowners underwater by this time next year," said Zandi.
Also, this site: http://www.phoenixrealestateguy.com/half-of-arizo… sources the Wall Street Journal by saying "Not surprising, but sobering numbers…
The Wall Street Journal reports that the number of people underwater on their mortgages (those who owe more than the property is currently worth), has increased to 23% nationally.
Arizona is second only to Nevada with 47.9% of all home owners with a mortgage having negative equity in the third quarter of 2009. Another 4.5% are classified as “near negative” – within 5% of being in a negative equity position. (Nevada is at 65% / 3.7%)
Yep, drive through a neighborhood in Arizona and statistically speaking, every other house you drive by is worth less than what is owed on it. Drive through a development built in the last five years and the odds are outstanding that every homeowner is underwater."
— February 14, 2010 7:39 a.m.
Prowling the Park
Good article, thanks for bringing it. Just want to point out that Summer is more than a month long. Otherwise, good job.— September 3, 2010 9:24 a.m.
News Mixed in Unemployment Report
Re: post #39. I meant to mention: check the dates on the 2 website articles I linked. The first is from October of 2008, and the second is from, if I recall correctly, November of 2009.— February 14, 2010 7:43 a.m.
News Mixed in Unemployment Report
Response to post #10 (and others): A blurb from http://abcnews.go.com/Business/Economy/story?id=6… (though I don't generally trust the alphabet agencies) - Nearly one in six homes -- roughly 12 million households -- are underwater or "upside down," and it is a growing problem. "All indications are that prices are still falling, and if they fall anywhere close to what the consensus believes they will, we'll have 15, 16 million homeowners underwater by this time next year," said Zandi. Also, this site: http://www.phoenixrealestateguy.com/half-of-arizo… sources the Wall Street Journal by saying "Not surprising, but sobering numbers… The Wall Street Journal reports that the number of people underwater on their mortgages (those who owe more than the property is currently worth), has increased to 23% nationally. Arizona is second only to Nevada with 47.9% of all home owners with a mortgage having negative equity in the third quarter of 2009. Another 4.5% are classified as “near negative” – within 5% of being in a negative equity position. (Nevada is at 65% / 3.7%) Yep, drive through a neighborhood in Arizona and statistically speaking, every other house you drive by is worth less than what is owed on it. Drive through a development built in the last five years and the odds are outstanding that every homeowner is underwater."— February 14, 2010 7:39 a.m.
Lovely Bones (when they're not broken)
I have a sneaking suspicion that Josh has been 86'ed...any verification? Hope not...he's one of the reasons I keep coming back to the Reader, even though I'm stationed 3000 miles away. I do pick up the hard copy when I'm in town, and bring it back with me, but the interplay between the staff and other readers of the Reader is what makes it for me. If true, all the best, JB.— January 19, 2010 3:58 p.m.
Stealing Christmas Gifts (where's McGruff the Crime Dog?)
Quoting Josh: "...the book stores and shops in Hillcrest; the restaurants in Little Italy, and this time, antiquing in Solana Beach...." Dang, now I gotta tell my wife I'm gay. Consignment shops are always a good bet for some of your better quality used furniture (and clothing). There are a number of them in the North County area. We bought some stuff in Encinitas, on South El Camino Real. Quality, real wood. We got one wardrobe thingie that I dubbed "the bedroom apartment complex," as it took four guys to manhandle the damn thing into our house. My wife had a momentary weakness and allowed it to stay when we sold the place.— January 3, 2010 7:31 a.m.
Best Job Ever? Best Husband Ever?
I rarely watch television anymore. The content that keeps interrupting those all important commercials is driving me crazy. Josh is probably too young to remember, but I remember one of the big hype points about switching to cable was the lack of commercials - you wouldn't have to pay to watch commercials. Throw a flag on that play! That reminds me, Josh; topic for your next blog: http://www.nypost.com/p/news/national/nba_gunpoin…— January 3, 2010 6:56 a.m.
RUSHed to the Hospital
Rumor has it that since Obama and Nancy Pelosi are likewise in Hawaii, vacationing on the taxpayer's dime, Rush had a heart attack when he spied the Nancy in a bathing suit. If that isn't enough to burn your retinas, then nothing will.— January 3, 2010 6:50 a.m.
Bay Watch
I wonder if they're really that clueless, or they're covering something up? Since I love conspiracy theories, I'm hoping it's the latter, and not the former.— January 3, 2010 6:28 a.m.
Lynn Hubbard III filed, 2000 lawsuits in the past ten years in California
Unfortunately, I currently reside in the great state of Maryland (motto: "we never thought of a new tax we didn't want to impose"). After having moved here from Ventura, and before that, 30 years in San Diego (10+ in North County), culture shock doesn't even begin to describe the experience. I'm convinced that the rampant stupidity here is why the earth tilts on its axis. They even have a name for themselves here: Southern Maryland Inbreds (SMIBs). They're actually quite proud of the name. I'm ready to take a job at China Lake, just to escape. Did I mention that it's Zero degrees outside, with the windchill? Sorry about the hijack, Don.— January 3, 2010 6:13 a.m.
Amy Wallen Will Give You Crickets
I remember back in the day (early '90s) that there was only one open mic in San Diego county (disclaimer: that I knew of). I went to a few, which was no small feat, given that I lived in Vista, and it was somewhere downtown and didn't let out until around 10:00 pm. It's not just hearing the sound of your own voice; it's actually quite cathartic. Reading what you've hopefully put your heart and soul into, putting it out there into the public space, risking having that child you've given birth to meeting with apathy - or beaten with sticks - can be liberating, in an AA 5th step kind of way. Just the act of getting up in front of an audience, more frightening than combat for some of us, facing possible embarrassment and/or rejection, once done, can be a kind of freedom.— January 1, 2010 3:49 a.m.