




| Some Thoughts About Our Tax Nightmare Feb 2010 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. Read the full article here PDF |
| 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. Read the full article here PDF |