Northvic

3 Comments

    • ON: Thu Aug 7th 19:14 PM
      Commented on:
      Why Big Mortgage Losses Are Here To Stay
      All those who say to "stick it" to those who bought too much house or got in over their head with a loan they did not understand are merely broad-brushing the issue. The fact is, not everyone acted irresponsibly and yet they are stuck with 5 foreclosures on their block (like me) making it impossible to sell their home for anywhere near what they owe. With kids graduated and moved on-I'd like to move on myself but instead am stuck with a big house that is literally underwater...a position I may be in for years until this mess unwinds itslef. I am sorely tempted to walk away and go live on my boat in Florida until this all blows over.

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    • ON: Wed Apr 30th 10:18 AM
      Commented on:
      From Housing to Employment: We're in Big Trouble
      I think the writer needs a refresher course in economics and to think about the indomitable human spirit for a moment. New industries and opportunities will be created from the rubble of any failed economic endeavor (or disaster; be it natural or man-made). Health care is and will remain a huge economic engine across every region and jobs will sprout in support. People need to eat and cannot possibly produce milk, eggs and butter in their backyard-and so on. The point is-while some will fall through the cracks-just as they always have under our economic system, most will find a way to go on and even prosper. The fear of the housing bust is simply that-fear driven by overzealous journalists fanning the flames of the 24/7 media monster. The reality is that over 90% of homeowners do not need to move and will not take a loss on their homes. They may cut back spending reflecting their reduced equity and ability to borrow and that will dampen the economy in the short-term but people will not suffer the disaster portrayed by this article-it won't happen.
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    • ON: Mon Apr 28th 09:46 AM
      Commented on:
      Wall Street Breakfast: Must-Know News
      Good thing Buffet's wallet is big enough to satisfy his sweet tooth- letting him add Mars to his already well-stocked pantry of Coke, Dairy Queen and See's Candies.
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