[quote]Just read FLU’s post about his assessment going up. No wonder he’s so gloomy. He sees the value of his house going down every day while at the same time his property taxes keep going up.
Luckily for me, I’m a Prius driving renter, so I don’t have those problems. High gas prices are only going to make things better for me.
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Wrong jackass. The remaining balance on my mortgage represents 58% of the total cost of my purchase back in 2004. Of which, btw, an equal house only “emergency fund” that covers that entire principle amount is safely tucked away in 5 CD’s at 5 distinct institutions earning a pidly 4% APR, to I have to admit, I’m slightly losing money since my 30year jumbo mortgage rate is slightly higher at 5.5%.. I guess I’m sort of counting on rates not staying this low on the emergency fund, though I could be wrong. This obviously excludes any highly speculative dumbass shit I do in stock/index/reverse index/options, which so far I’m proud to admit is down 25% this year.
Do I feel comfortable about the economy? Hell no. Do I look forward to seeing some folks around me eat shit? Hell no. Do I think I’m going to be not impacted someway? Hell no…We haven’t even seen the real impact of massive unemployment yet in SD. You wait until you’re unemployed. Let’s see you figure out what to do with that plasma/lcd that you bought over memorial day once you have to relocate to another location…I normally don’t think this way, but as an exception this time, Breeze, I’m sure I’ll be in the economic shithole long after you’re drowning in it. Case in point, how’s your “dollar cost averaging portfolio” doing these days??????
