Archive for the 'Collapse' Category
A Deconsumption Post!
March 29th, 2007Steve wrote, “Whatever decisions I might make for the future, they should only be ones I’d want to make anyway, regardless of what may actually come to pass in the world.” How do you improve on that?
34% of Homeowners Don’t Know What Type of Mortgage They Have
March 27th, 2007WOW! Via: Yahoo: In the survey conducted by Gfk Roper, homeowners with mortgages were asked what type of mortgage they had. A stunning 34 percent of the homeowners had no idea.
California’s Hidden Third World Slums
March 27th, 2007Via: Los Angeles Times: Like most of their neighbors in the sprawling, ramshackle Oasis Mobile Home Park, the Aguilars have no heat, no hot water. On cold nights, the family of eight stays warm by bundling up in layers of sweaters and sleeps packed together in two tiny rooms. Bathing is a luxury that requires […]
Foreclosures Force Suburbs to Fight Blight
March 25th, 2007Via: New York Times: In a sign of the spreading economic fallout of mortgage foreclosures, several suburbs of Cleveland, one of the nation’s hardest-hit cities, are spending millions of dollars to maintain vacant houses as they try to contain blight and real-estate panic. In suburbs like this one, officials are installing alarms, fixing broken windows […]
Florida: City to Seize Homes Over Parking Tickets
March 25th, 2007Via: The Newspaper: The city council in Brooksville, Florida voted this week to advance a proposal granting city officials the authority to place liens and foreclose on the homes of motorists accused of failing to pay a single $5 parking ticket. Non-homeowners face having their vehicles seized if accused of not paying three parking offenses.
U.S. Mortgage Crisis Forces Former Homeowners to Live in Their Cars
March 25th, 2007Via: Scotsman: THEY are victims of the United States’ growing mortgage crisis – low-paid workers whose homes have been repossessed amid rising interest rates, a stagnant property market and a lax lending regime. But in Los Angeles, where having a car is as essential as owning a home, many are sleeping in their vehicles to […]
Are GM Crops Killing Bees?
March 24th, 2007Via: Der Spiegel: A mysterious decimation of bee populations has German beekeepers worried, while a similar phenomenon in the United States is gradually assuming catastrophic proportions. The consequences for agriculture and the economy could be enormous. Walter Haefeker is a man who is used to painting grim scenarios. He sits on the board of directors […]
BullionVault
March 23rd, 2007WARNING: This is not a recommendation to buy sell or hold any financial instrument. PLEASE NOTE: BullionVault is also mentioned heavily on Money: Going Tactical. UPDATE 2: 28 April 2007: BullionVault Moving Vaulting Operations to Viamat All BullionVault clients received this email today: Dear BullionVault user, There is an important change concerning your gold. BullionVault […]
Houses Cheaper than Cars in Detroit
March 20th, 2007Detroit collapsed. Then what? Gardens. Lots of gardens. And livestock. Via: Yahoo / Reuters: With bidding stalled on some of the least desirable residences in Detroit’s collapsing housing market, even the fast-talking auctioneer was feeling the stress. “Folks, the ground underneath the house goes with it. You do know that, right?” he offered. After selling […]
Subprime Apocalypse Bailout?
March 18th, 2007Via: PR Newswire: One of the nation’s biggest and most respected advocates for fair housing, the National Community Reinvestment Coalition, urged the Administration and Congress to amend federal regulations to allow the Federal Housing Administration to refinance sub-prime borrowers’ loans in default, preventing a torrent of defaults and foreclosures expected to deluge the mortgage market […]
