[sstearns2]

What kind of a car is it? It might be worth selling and buying something economical, like a 3-4 year old honda or something. You might save a lot on insurance and registration.

I agree with using your credit cards and paying the balance. I just started doing that. I was at 780 and am hoping to get over 800. I know, I think it’s stupid too, but you have to play the game.

Scott

[sstearns2]

At this point it’s more correct to say that if the government spends more it has to borrow more.

We should all (including me) start writing our congress members everyday telling them not to try to bail out sub prime.

Scott

[sstearns2]

For the rent calculation you need to subtract the standard deduction, $5,150 if you single or $10,300 if you married.

So the rental would be $24,000 + $10,600 – $5150 (or $10,300) = $29,450 or $24,300 if your married.

And, I think it would be tough to get a 6% interest rate anymore, especially with 0 down.

If you do have a significant down payment then you have to take into account the lost return on you down payment. You can easily get 5% in a short term CD right now, so if you put $100,000 down that’s $5,000/year (say $4,000 after taxes) your giving up too.

Of course the big unknown is what real estate values are going to do. If you’re renting a house and it’s going down in value by $25,000 a year….

Scott

[sstearns2]

The point about steel melting at 2750 degrees is misleading. Yes, steel melts around that temperature and yes, kerosene will not burn above about 1500 F, but the steel will loose structural integrity above about 1000 F.

The point about how fast the buildings fell is also misleading. The structure one each floor is designed to hold that floor, so once you get a few floors worth of equipment, furniture, etc., falling onto the one below it’s like dropping a bowling ball through a toothpick. It doesn’t slow it down much. Also, the main structure of the building is designed to primarily take the vertical load, so it comes apart pretty fast once you start twisting and bending the individual members.

Also, I’m sure the firefighters heard explosions. A 10 inch steel I-beam snapping will make an explosion like you wouldn’t believe.

A little internet research will make it obvious that dropping a building like that by explosive demolition would be a monumental effort and impossible to hide.

So, yes, it’s BS.

Scott

[sstearns2]

I’m thinking that all the new house/condo developments are working everyone they can find to get their projects done so they can get their projects sold as soon as possible. There are still two major projects here in Ventura county that are going up fast. I think the job market for skilled labor is going to collapse after those projects are completed.

I fly all over California and all I see are nearly completed developments, nothing new.

Scott

[sstearns2]

It wasn’t oil that Goldman Sachs sold off. It was unleaded gasoline futures, a very direct way of controlling the price at the pump. Oil has to be processed so there’s a lag time. I wonder what gas prices are going to do in December?

Scott

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