[Allan from Fallbrook]

Ex-SD: Since we both spend quite a lot of time on this blog, it is probably safe to assume you are staying fairly well abreast of developments in the housing market, and the economy at large.

I have been noticing a new behavior emerging amongst reporters, economists and bankers: The willingness to say that no one has a clear cut picture of how truly bad this might become, and to be prepared for the worst.

Just a few months back, Bernanke and Co. (and I include pretty much all of banking and finance in that little cabal, as well as the reporters and economists associated with the industry), were pronouncing the problem “contained” and asserting that prompt action by the FED and the ECB would bring a swift end to things.

Now, there is very much a sense that this might get out of control, and no one is entirely sure how big the blast pattern could be. Kind of alarming and refreshing, all at the same time.

[Allan from Fallbrook]

Ex-SD: Since we both spend quite a lot of time on this blog, it is probably safe to assume you are staying fairly well abreast of developments in the housing market, and the economy at large.

I have been noticing a new behavior emerging amongst reporters, economists and bankers: The willingness to say that no one has a clear cut picture of how truly bad this might become, and to be prepared for the worst.

Just a few months back, Bernanke and Co. (and I include pretty much all of banking and finance in that little cabal, as well as the reporters and economists associated with the industry), were pronouncing the problem “contained” and asserting that prompt action by the FED and the ECB would bring a swift end to things.

Now, there is very much a sense that this might get out of control, and no one is entirely sure how big the blast pattern could be. Kind of alarming and refreshing, all at the same time.

[Allan from Fallbrook]

Ex-SD: Since we both spend quite a lot of time on this blog, it is probably safe to assume you are staying fairly well abreast of developments in the housing market, and the economy at large.

I have been noticing a new behavior emerging amongst reporters, economists and bankers: The willingness to say that no one has a clear cut picture of how truly bad this might become, and to be prepared for the worst.

Just a few months back, Bernanke and Co. (and I include pretty much all of banking and finance in that little cabal, as well as the reporters and economists associated with the industry), were pronouncing the problem “contained” and asserting that prompt action by the FED and the ECB would bring a swift end to things.

Now, there is very much a sense that this might get out of control, and no one is entirely sure how big the blast pattern could be. Kind of alarming and refreshing, all at the same time.

[Allan from Fallbrook]

Ex-SD: Since we both spend quite a lot of time on this blog, it is probably safe to assume you are staying fairly well abreast of developments in the housing market, and the economy at large.

I have been noticing a new behavior emerging amongst reporters, economists and bankers: The willingness to say that no one has a clear cut picture of how truly bad this might become, and to be prepared for the worst.

Just a few months back, Bernanke and Co. (and I include pretty much all of banking and finance in that little cabal, as well as the reporters and economists associated with the industry), were pronouncing the problem “contained” and asserting that prompt action by the FED and the ECB would bring a swift end to things.

Now, there is very much a sense that this might get out of control, and no one is entirely sure how big the blast pattern could be. Kind of alarming and refreshing, all at the same time.

[Allan from Fallbrook]

Ex-SD: It is interesting to note that there is a gathering chorus of criticism of Greenspan and his monetary policy, and not only for the housing bubble, but throughout his tenure.

He has been spending a considerable amount of time as of late trying to protect both his reputation and his legacy.

It is also heartening to see that the larger MSM outlets are no longer buying the NAR/RE/MBA spin, and are choosing to produce some fairly balanced, well-researched articles and pieces on the bust. Even more heartening is the willingness to address the magnitude of the situation openly.

It will be an interesting half year heading into summer.

[Allan from Fallbrook]

Ex-SD: It is interesting to note that there is a gathering chorus of criticism of Greenspan and his monetary policy, and not only for the housing bubble, but throughout his tenure.

He has been spending a considerable amount of time as of late trying to protect both his reputation and his legacy.

It is also heartening to see that the larger MSM outlets are no longer buying the NAR/RE/MBA spin, and are choosing to produce some fairly balanced, well-researched articles and pieces on the bust. Even more heartening is the willingness to address the magnitude of the situation openly.

It will be an interesting half year heading into summer.

[Allan from Fallbrook]

Ex-SD: It is interesting to note that there is a gathering chorus of criticism of Greenspan and his monetary policy, and not only for the housing bubble, but throughout his tenure.

He has been spending a considerable amount of time as of late trying to protect both his reputation and his legacy.

It is also heartening to see that the larger MSM outlets are no longer buying the NAR/RE/MBA spin, and are choosing to produce some fairly balanced, well-researched articles and pieces on the bust. Even more heartening is the willingness to address the magnitude of the situation openly.

It will be an interesting half year heading into summer.

[Allan from Fallbrook]

Ex-SD: It is interesting to note that there is a gathering chorus of criticism of Greenspan and his monetary policy, and not only for the housing bubble, but throughout his tenure.

He has been spending a considerable amount of time as of late trying to protect both his reputation and his legacy.

It is also heartening to see that the larger MSM outlets are no longer buying the NAR/RE/MBA spin, and are choosing to produce some fairly balanced, well-researched articles and pieces on the bust. Even more heartening is the willingness to address the magnitude of the situation openly.

It will be an interesting half year heading into summer.

[Allan from Fallbrook]

Ex-SD: It is interesting to note that there is a gathering chorus of criticism of Greenspan and his monetary policy, and not only for the housing bubble, but throughout his tenure.

He has been spending a considerable amount of time as of late trying to protect both his reputation and his legacy.

It is also heartening to see that the larger MSM outlets are no longer buying the NAR/RE/MBA spin, and are choosing to produce some fairly balanced, well-researched articles and pieces on the bust. Even more heartening is the willingness to address the magnitude of the situation openly.

It will be an interesting half year heading into summer.

[Allan from Fallbrook]

Double taxation comes with a Chapter C corporation. You are taxed once as a corporation, and then again as an individual (in the case of dividends, corporate income, etc). You can avoid the double taxation bugaboo by incorporating as a Subchapter S corporation.

Don’t incorporate in Nevada if you can help it. Nevada corporations are a favorite of the IRS when it comes to auditing. That being said, however, your best bet is to pay an attorney for a few hours of their time and get proper advice.

I don’t know that putting your house into the corporation’s name is such a good idea, though. It sounds as like you might be more interested in an APT (asset protection trust). Again, speak with an attorney. My background is in accounting and finance. I understand corporations from that perspective, but you need an attorney specializing in corporate formation and business law.

[Allan from Fallbrook]

Double taxation comes with a Chapter C corporation. You are taxed once as a corporation, and then again as an individual (in the case of dividends, corporate income, etc). You can avoid the double taxation bugaboo by incorporating as a Subchapter S corporation.

Don’t incorporate in Nevada if you can help it. Nevada corporations are a favorite of the IRS when it comes to auditing. That being said, however, your best bet is to pay an attorney for a few hours of their time and get proper advice.

I don’t know that putting your house into the corporation’s name is such a good idea, though. It sounds as like you might be more interested in an APT (asset protection trust). Again, speak with an attorney. My background is in accounting and finance. I understand corporations from that perspective, but you need an attorney specializing in corporate formation and business law.

[Allan from Fallbrook]

Double taxation comes with a Chapter C corporation. You are taxed once as a corporation, and then again as an individual (in the case of dividends, corporate income, etc). You can avoid the double taxation bugaboo by incorporating as a Subchapter S corporation.

Don’t incorporate in Nevada if you can help it. Nevada corporations are a favorite of the IRS when it comes to auditing. That being said, however, your best bet is to pay an attorney for a few hours of their time and get proper advice.

I don’t know that putting your house into the corporation’s name is such a good idea, though. It sounds as like you might be more interested in an APT (asset protection trust). Again, speak with an attorney. My background is in accounting and finance. I understand corporations from that perspective, but you need an attorney specializing in corporate formation and business law.

[Allan from Fallbrook]

Double taxation comes with a Chapter C corporation. You are taxed once as a corporation, and then again as an individual (in the case of dividends, corporate income, etc). You can avoid the double taxation bugaboo by incorporating as a Subchapter S corporation.

Don’t incorporate in Nevada if you can help it. Nevada corporations are a favorite of the IRS when it comes to auditing. That being said, however, your best bet is to pay an attorney for a few hours of their time and get proper advice.

I don’t know that putting your house into the corporation’s name is such a good idea, though. It sounds as like you might be more interested in an APT (asset protection trust). Again, speak with an attorney. My background is in accounting and finance. I understand corporations from that perspective, but you need an attorney specializing in corporate formation and business law.

[Allan from Fallbrook]

Double taxation comes with a Chapter C corporation. You are taxed once as a corporation, and then again as an individual (in the case of dividends, corporate income, etc). You can avoid the double taxation bugaboo by incorporating as a Subchapter S corporation.

Don’t incorporate in Nevada if you can help it. Nevada corporations are a favorite of the IRS when it comes to auditing. That being said, however, your best bet is to pay an attorney for a few hours of their time and get proper advice.

I don’t know that putting your house into the corporation’s name is such a good idea, though. It sounds as like you might be more interested in an APT (asset protection trust). Again, speak with an attorney. My background is in accounting and finance. I understand corporations from that perspective, but you need an attorney specializing in corporate formation and business law.

[Allan from Fallbrook]

marion: If you read my response on the prostitution question, I said that it, too, was a matter of personal choice. I have some moral issues with prostitution, and I don’t believe it is a “victimless” crime.

As a father of two, no, I would never support using drugs around children. You are correct when you say that represents morally reprehensible behavior. However, and taking the children out of the equation, what about someone using marijuana (post-legalization, of course) in their own home? Regardless of your feelings about marijuana, isn’t it that person’s choice to make?

I think drinking and driving is morally reprehensible, but if you want to get trashed in your own house and pass out, well, that’s your choice to make.

The danger of any one person or group of people anointing themselves the arbiters of what is right and what is wrong is that people are inherently flawed and completely fallible. The founding fathers of this country had witnessed firsthand the problems with “divine right” and the English royal family, and so created a system of checks and balances to prevent that from happening here.

What I choose to do is my business, and should remain that way. Whether it is buying a gun, buying Jack Daniels or buying a Ferrari capable of doing 165mph. I then assume responsibility for my choice in what I do with any of those purchases. I will not, however, abdicate my rights or allow some police force or governmental agency to dictate what is right and what is wrong. If you use this same logic as regards your personal choices on the matters of contraception, I think you’ll see we’re coming from the same place.

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