[spdrun]

Yeah, strange case — granted, he was involved in a high-speed chase, but why did they choose to hose him down with bullets AFTER he got out of the car?

[spdrun]

I wouldn’t be so much worried about the zombie apocalypse. I’d be much, much more worried about the hangers-on and long-lost “friends” and “relatives” popping out of the woodwork once your name and likeness were splashed across the press

Since I’ve spoken to 99% of the people whom I care about in the last year, it would be easy to tell any such folks to perform physically impossible acts with fire.

[spdrun]

Personally, I really don’t like the things. I can appreciate the right to own one, but I’d rather not personally do so.

[spdrun]

Except that the public is both the shareholder AND the consumer. Shareholders have the right to sanction management for ill-use of money.

By your philosophy, any amount of public waste would be acceptable and the public should just suck up and deal with it. Unacceptable.

[spdrun]

Population density in urban Spain vs SoCal is a whole different ball game. I don’t see housing shooting up much further, not straight up at least.

Remember — that’s what everyone was saying in 2005. Blah, blah, yap, yap, buy now because homes will never be cheaper.

You’re also assuming that the LTV on the homes was sane in the first place. I’ve recently seen units where the total LTV of all loans was 20% ABOVE peak bubble value, so even if values exceeded bubble pricing, they’d still need a short sale.

[spdrun]

The 2003 blackout was extremely widespread and lasted 2-3 days in some places. Same with post-Sandy blackouts. It wasn’t just lower Manhattan; a lot of NJ and Long Island was out for 7-10 DAYS.

Problem with the farmhouse idea is getting there if you’re not there when TSHTF. Sailboat or an ultra-light aircraft might work if the place is in coastal (i.e. 5-20 miles inland, not right on the coast) Maine, I guess.

Car or motorcycle is too likely to be stolen at gunpoint or worse. Not to mention fuel, though old diesels are often able to run on a combination of yak excrement and nose grease.

[spdrun]

Afaik, the warnings are about 2004-5 HELOCs coming up on ten years, not loans from 2009 or 2010.

[spdrun]

Interestingly, you should also read about HELOCs. A lot of 10-year HELOCs are coming up on their reset date (either become amortizing vs interest-only, or come due in full). If this increases distress levels, it may not have a dramatic effect on pushing down home prices, but it won’t be pretty either.

[spdrun]

A more recent article, saying that prices and demand have at least flattened.

http://ktar.com/155/1680053/Subdued-holiday-shopping-season-for-Phoenix-home-buyers

… …
“It’s pretty quiet,” said Arizona State University Director of Real Estate Michael Orr on his weekly appearance on That Real Estate Show. “‘Subdued’ is the word I’d probably use for the current market.”

“Subdued” is not what many current home sellers want to hear, especially after witnessing a sudden shift in market conditions during the summer.

“Phoenix [real estate] is very volatile, and this just proves it again,” said Orr. “I’d say as late as (this past) June we were still in a very strong sellers’ market.”

[spdrun]

Say you have a good dispatcher (who’s not a sworn officer). Can you really let her go due to her choice of husband, especially if the marriage only happened after she was hired?

[spdrun]

And by leaving, I meant that the pace of buying has slowed down, not that they’re not holding their current properties. No contradiction here.

[spdrun]

I wasn’t implying that properties were being dumped, just that sales to investors have slowed down. Overpriced crap isn’t flying off the shelves as it did this spring.

[spdrun]

Shareholders and customers aren’t generally forced to give up their money, taxpayers are. Therefore, taxpayer money is generally held in higher regard, and government hiring should be held to higher standards.

[spdrun]

I’d say that it would take longer than two days without power for collapse. The Lower Manhattan blackout lasted 5+ days last year, and parts of rural VA routinely have their power go out for 2-3 days at a time after ice storms.

[spdrun]

Happens in Jerkwater, USA (look up Daniel Harmon-Wright), no reason why it can’t happen in a big city. Not really surprising — only surprise is that it took as long to come out as it did.

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