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Whoops, ended up with 2 copies…

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Yep, it’s no problem finding poorly educated spokespeople from the extreme end of either the right or left wing. Rush Limbaugh, for example, dropped out of Southeastern Missouri State University after one year.

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This is a lot more than a $27K loss. Figure in commisions and transaction costs and it’s probably close to $40K.

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So maybe you could estimate 5% annual rent increases and then your fixed payment/taxes becomes cheaper after 3-5 years or so? Maybe that’s a better way to calculate it than just saying “…wait until it’s cheaper to buy”. Right now it would take a lot more than 3-5 years of 5% rent increases to equalize…

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That’s good to know that buying is more expensive than renting, even at a low. I didn’t know that — but it shouldn’t be a great deal more expensive, right? With 20% down, fixed rate, etc… it seems like the monthly load should be very close to the market rent for the place after you figure in the tax break. Because even if the monthly cost is the same, owning will always be more expensive when you consider maintenance, etc…

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Don’t buy until it is cheaper than renting.

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It’s not a topic anywhere as far as I know, it’s just something I’ve noticed. In this interview with Rush Limbaugh, he says “Democrat Party” twice:

“…than the Democrat Party does and liberalism.”

“…in the victory of the Democrat Party…”

http://mediamatters.org/items/200611090005

Every single GOP mouthpiece calls it “The Democrat Party”. It’s deliberate misuse, designed to give a subliminal negative connotation.

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We have meddled in Iran before. Our CIA and British intelligence engineered a coup to overthrow Iranian President Mossadegh back in 1953. For those who are rusty on your Middle Eastern history, President Mossadegh was democratically-elected and a fierce anti-communist ally. Why then did we overthrow him? He nationalized Iran’s oil, shutting out the Anglo-Iranian Oil Company. Whoopsie! Goodbye, democratic government, hello repressive monarchy. In order to get that oil money flowing to its proper owners in England again, we backed a coup to install the last Shah, Mohammad Reza Pahlavi. His brutal, CIA-trained SAVAK police kept the opposition at bay and helped to foster anti-US sentiment until it finally exploded in the Iranian revolution of 1979. Now the people live under a system even MORE repressive than the Shah. If we interfere again, I wonder what Iran will look like next?

Here’s a good overview of Iranian history since WWII at Wikipedia.

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Rents may go up here and there across SD, but there are a lot of landlords in very comfortable positions here. Those who purchased their properties after the early 90s downturn and before the bubble have a LOT of pricing flexibility. The “weak hands” who got into the game late using toxic mortgages will try raising their rents, but their tenants should be able to relocate to a property owned by a “strong hand” landlord to save money. Of course, if we move out on the demand curve due to population growth, that will apply upward price pressure across the board. But just because 10% of the landlords are “weak hands” that must raise rents to cover costs doesn’t mean that all rents are going up. As a personal anecdote, my landlord (who I happen to know is a “strong hand”) just offered me another year at the same rate I’m paying now. Barring a big increase in population, I just don’t see rent increases outpacing inflation.

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No, it has nothing to do with general decay of the language. Every single time you hear a representative of the GOP refer to the Democratic party, they’ll call it the Democrat party. It’s possibly a Karl Rove invention, but it is definitely GOP policy. For example, our president even uses the wrong name for the party. Just yesterday when asked about the election, President Bush said:

“It’s clear the Democrat Party had a good night”.

http://www.truthout.org/docs_2006/110906Q.shtml

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The name of the party is the Democratic party, not the Democrat party. All the right-wing media types like to say the “Democrat Party” because it sounds like the “rat party”. They started this a few years ago and now even the man in the street (or posting on a housing bubble blog) uses the wrong term.

DemocratIC party, say it with me one time. DemocratIC majority.

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I think Rumsfeld has resigned his position so that he can take the fight directly to the terrorists using his 1000 Fighting Styles! Twin Cobra Fist! HAAAAAIYAAH!!

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I’ll miss not only Rumsfeld’s amazing poetry, but also his 1000 Fighting Styles.

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Both parents “need” to work now because everyone tried to get ahead of one another back in the 60s and 70s. It started with one family on the block realizing that if mommy went to work and left the kids home to fend for themselves, they could afford a nicer house than everyone else. Once their neighbors saw how high they were living, they wanted in on the game too. Pretty soon everyone had two incomes, the prices of homes had been pushed higher, and we had a country full of kids raised by the TV.

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L Thek, that’s quite a powerful debate technique, calling folks you don’t agree with “cockroaches”. As I recall, this was also popular in Rwanda back in 1993 and 1994. The Hutu radio stations used to broadcast propaganda labeling the Tutsi minority “cockroaches” before they eventually broadcast orders to their listeners to go out and exterminate as many as they could.

Don’t take my word for it, you can read about it here… Or just watch the excellent “Hotel Rwanda”, which features great performances from Don Cheadle and Nick Nolte.

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