|Some Thoughts About Our Tax Nightmare
With all this “Tea Bag” movement going around the country, we thought
we’d take a look at some other issues relating to taxes and the scope of
the money involved. Since the 2008 and 2009 bailouts the word “Billions”
seems to not mean anything any more. Now “Trillions” is the unit of
measurement they think about.
So the next time you hear a politician use the word “Billion” in a casual
manner, think about this: A billion is a difficult number to comprehend, but
we did some calculating, and put that figure into some perspective:
A. A billion seconds ago it was 1978.
B. A billion minutes ago Jesus was alive.
C. A billion hours ago our ancestors were
living in the Stone Age.
D. A billion days ago no-one walked on the earth on two feet.
|Has The Housing Market Finally Bottomed
Out??? March 2010
Has the housing market has finally bottomed out. Is this really the case?
Some experts say yes…but others think that the current uptick in prices is
just a quick head fake, and state that some markets still haven’t bottomed
out yet. We’ve read a number of articles on the subject, and here’s what
various folks are saying. Some people they think that the housing prices
are going to continue to decline as a whole, and that we’ve not yet hit the
basement in most states. However, these economists warn that there are
some states that aren’t close to hitting their bottoms yet, like New York, for
example. Other people say that we have mostly hit rock bottom, and the
consistent population growth we have in the US, an estimated 10 million
or more new people in home buying mode per year will cause the
demand to buy homes to be driven up, and thus prices to slowly but
steadily increase. New home buyers to the market include new US
residents, young adults entering the work force and people who had lost
their homes, and over the next few years will have re-established credit
and saved enough money for down payments. One of the main reasons
several experts who think we still have more price declines ahead of us
cite the fact that while home sales have hit rock bottom, prices haven’t.