[sreeb]

I don’t think you will see the lines drawn across income levels. I’m expecting it to come down to the productive class vs the leaching class. Much of the financial class has now joined the leaches.

I believe we are already so far gone that default is inevitable, the only question is who gets defaulted on.

It is going to come down to either the entitled (voters) or the bond holders (foreigners and bankers). By the time the 2012 elections are over, the bond holders will realize that it won’t be the entitled. Then we become Greece. Interest rates will spiral rapidly as first risk is priced in and then the budget effect of the higher rates creates positive feed back.

[sreeb]

[quote=CricketOnTheHearth]However, with a current deficit that is some 10% of the overall federal budget, something’s gotta give.[/quote]

Uh, no. The deficit is about 40% of the overall federal budget. It is about 10% of the total GNP.

You are right that something is going to give….

[sreeb]

[quote=CricketOnTheHearth]However, with a current deficit that is some 10% of the overall federal budget, something’s gotta give.[/quote]

Uh, no. The deficit is about 40% of the overall federal budget. It is about 10% of the total GNP.

You are right that something is going to give….

[sreeb]

[quote=CricketOnTheHearth]However, with a current deficit that is some 10% of the overall federal budget, something’s gotta give.[/quote]

Uh, no. The deficit is about 40% of the overall federal budget. It is about 10% of the total GNP.

You are right that something is going to give….

[sreeb]

[quote=CricketOnTheHearth]However, with a current deficit that is some 10% of the overall federal budget, something’s gotta give.[/quote]

Uh, no. The deficit is about 40% of the overall federal budget. It is about 10% of the total GNP.

You are right that something is going to give….

[sreeb]

[quote=CricketOnTheHearth]However, with a current deficit that is some 10% of the overall federal budget, something’s gotta give.[/quote]

Uh, no. The deficit is about 40% of the overall federal budget. It is about 10% of the total GNP.

You are right that something is going to give….

[sreeb]

In addition to chlorine, use a copper based algaecide. They are expensive but actually work. Follow the initial directions for start up and maintenance for the first summer. Then cut back to 1/2 the maintenance dose.

A fancy pump won’t help much unless your piping or filter is under size. Do you have gages that tell you the suction and filter pressures?

There is no magic formula for how long to run the pump. Cut back until it looks like you need more. Add a third. You can cut way back in the winter.

[sreeb]

In addition to chlorine, use a copper based algaecide. They are expensive but actually work. Follow the initial directions for start up and maintenance for the first summer. Then cut back to 1/2 the maintenance dose.

A fancy pump won’t help much unless your piping or filter is under size. Do you have gages that tell you the suction and filter pressures?

There is no magic formula for how long to run the pump. Cut back until it looks like you need more. Add a third. You can cut way back in the winter.

[sreeb]

In addition to chlorine, use a copper based algaecide. They are expensive but actually work. Follow the initial directions for start up and maintenance for the first summer. Then cut back to 1/2 the maintenance dose.

A fancy pump won’t help much unless your piping or filter is under size. Do you have gages that tell you the suction and filter pressures?

There is no magic formula for how long to run the pump. Cut back until it looks like you need more. Add a third. You can cut way back in the winter.

[sreeb]

In addition to chlorine, use a copper based algaecide. They are expensive but actually work. Follow the initial directions for start up and maintenance for the first summer. Then cut back to 1/2 the maintenance dose.

A fancy pump won’t help much unless your piping or filter is under size. Do you have gages that tell you the suction and filter pressures?

There is no magic formula for how long to run the pump. Cut back until it looks like you need more. Add a third. You can cut way back in the winter.

[sreeb]

In addition to chlorine, use a copper based algaecide. They are expensive but actually work. Follow the initial directions for start up and maintenance for the first summer. Then cut back to 1/2 the maintenance dose.

A fancy pump won’t help much unless your piping or filter is under size. Do you have gages that tell you the suction and filter pressures?

There is no magic formula for how long to run the pump. Cut back until it looks like you need more. Add a third. You can cut way back in the winter.

[sreeb]

I don’t think you need to worry about prices running away but it is only a matter of time until interest rates do.

Be more concerned about taking a big loss. If you were to be forced to sell within the next couple of years, you will eat it big time. A great mortgage won’t help you if you can’t afford it. I wouldn’t expect any appreciation in the short term and you will lose 10% in buying/selling expenses.

You don’t have enough saving to insure that you can sell on your terms and your credit may not support a good loan.

It sounds like you should be able to save $1500 a month so you should be able to build cash fairly quickly. In two years you will be in good shape to buy with better credit.

[sreeb]

I don’t think you need to worry about prices running away but it is only a matter of time until interest rates do.

Be more concerned about taking a big loss. If you were to be forced to sell within the next couple of years, you will eat it big time. A great mortgage won’t help you if you can’t afford it. I wouldn’t expect any appreciation in the short term and you will lose 10% in buying/selling expenses.

You don’t have enough saving to insure that you can sell on your terms and your credit may not support a good loan.

It sounds like you should be able to save $1500 a month so you should be able to build cash fairly quickly. In two years you will be in good shape to buy with better credit.

[sreeb]

I don’t think you need to worry about prices running away but it is only a matter of time until interest rates do.

Be more concerned about taking a big loss. If you were to be forced to sell within the next couple of years, you will eat it big time. A great mortgage won’t help you if you can’t afford it. I wouldn’t expect any appreciation in the short term and you will lose 10% in buying/selling expenses.

You don’t have enough saving to insure that you can sell on your terms and your credit may not support a good loan.

It sounds like you should be able to save $1500 a month so you should be able to build cash fairly quickly. In two years you will be in good shape to buy with better credit.

[sreeb]

I don’t think you need to worry about prices running away but it is only a matter of time until interest rates do.

Be more concerned about taking a big loss. If you were to be forced to sell within the next couple of years, you will eat it big time. A great mortgage won’t help you if you can’t afford it. I wouldn’t expect any appreciation in the short term and you will lose 10% in buying/selling expenses.

You don’t have enough saving to insure that you can sell on your terms and your credit may not support a good loan.

It sounds like you should be able to save $1500 a month so you should be able to build cash fairly quickly. In two years you will be in good shape to buy with better credit.

[Author]

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