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lostkitty
ParticipantIt is working again now.
ParticipantDo any of you have a problem with me cutting and pasting your comments into my email response to her?
I will end it with a “P.S.” about baies not stampeding to buy houses.
ParticipantFunny! : )
ParticipantI guess one I should put in there is “Babies dont buy houses.”
ParticipantMy note to the author of the latimes article:
“This story is terribly misleading. There is no “population stampede” INTO Southern California aside from that by illegal immigration. The housing prices did not rise because of demand for housing. The prices rose due to shady new loan products and speculative buying. Many who used these products are finding themselves unable to pay their mortgages as their interest rates are resetting. Inventories are rising fast, frighteningly fast. Your artice does a disservice to the readers of the LA Times who expect to get unbiased reporting of facts, not half-truths.”
And her reply:
“I beg to differ—as would the economists I spent weeks talking to. There is, indeed, a large population increase–aside from illegal immigrants–from international migration and from births of U.S. citizens. Housing prices rose because of a huge demand for housing—I’ve covered this for five years and humbly feel I know these facts—as well as low-interest mortgage loans–which I mention in the story. Every expert I talked to about interest-only loans says that down the line there may be foreclosures because of those who cannot afford the payments. But right now, most who have those shaky loans can sell their homes. THis story is a comparison between the housing market in 2000 and now—and I stand by its accuracy.
Diane Wedner
Los Angeles Times Staff Writer”I’d like to send her a follow-up email with a few juicy facts thrown in – like the fact that 40% of real estate sales last year were due to second home and speculative buying alone. Is this not true of L.A.? Anyone have a good statistic I ought to add?
ParticipantI actually did enjoy it! I too am very concerned with the chemicals/etc in our foods. We bought some milk recently that had suck a bad chemical aftertaste that i had to pour it all out.
I’ve taken to cutting all the skin off our apples, etc. like the Japnese do. Too much residue.ParticipantI’m guessing it was an oversight… the link sends us to an “organic..” something or other website.
ParticipantMy nighbor has one, and they have parked it facing out on the side of their driveway – but rarely use it anymore. My kids said it would be funny of they opened the hood and used the whole thing as a planter.
ParticipantI just sent her a message as well. Good idea!
ParticipantOh my…. This site is fun, in a sick kind of way…
Maybe this one posting accounts for how quiet it is on piggington today… everyone off looking up their friends and neighbors tax bill?
ParticipantThis is why they say:
“Possesions are a prison.”
ParticipantIt bothers me that these same stories show up again and again… People believe it, and make huge decisions based on the articles full of half-truths. It is totally misleading to claim that housing prices climbed due to a “population stampede” into LA – and that there is no end in site.
June 3, 2006 at 2:35 PM in reply to: Financial book review – “The Creature from Jekyll Island – A Second Look at the Federal Reserve” by G. Edward Griffin #26145ParticipantThanks – I’ll read it.
If anyone else can suggest top titles for good basic economics books – please post them! Unfortunately, my economics courses went in one ear and out the other…
ParticipantAll of you need to read “BLOWBACK”! It puts so many of your comments and guesses into perspective historically without having to go out and reread US & world history texts, and, (for true balance), the world history texts of foreign countries.
I actually heard of this book from a journalist friend I met in Japan. His name is Murray Sayle (Australian – but has lived in Japan for decades). We were the only foreigners living where we did, and we had fantastic conversations over dinner regarding world-wide politics, historical events, etc. It was terribly eye-opening to discuss these things with someone who not only covered the events, but is not American.
Interestingly – the author of Blowback (Chalmers Johnson) is one of Murray’s best friends – and get this… he lives in Cardiff, CA!!!!!
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