Poster’s Paradise

Hi Equiz.. I read the article. It gives an fairly good overview but does not seem to  draw a correct conclusion  ..The article’s conclusion throws the article into a mixed message position but they gotta sell magazines right? ..What I mean  is that on the one hand you have a picture of a house tied to a balloon about to be pricked on the front cover of the mag which denotes a POP and DEFLATE  but then his conclusion suggests something different..

The below clip from the article is not gonna happen,  IMO   :

“Canada’s lenders generally have legal recourse to borrowers, meaning they can pursue a borrower’s other assets in court in the event of foreclosure. That makes it more difficult to simply abandon a home that has become a financial albatross, as countless Americans have done. Rather than a cataclysmic surge in mortgage defaults, most overextended Canadians will likely absorb the damage on their personal balance sheets. This should contain the slide in prices — but it might also mean more Canadians retiring in poor financial condition in the years ahead. And it would also imply a substantial reduction in labour mobility, with stricken homeowners shackled to their real estate.”

Doubtful ….. This will not contain the slide in prices . First,  the Gov’t and CMHC front loaded the housing market to save ??? the economy in 2008 .. A temporary solution to goose the economy by bringing forward future buyers. However , it was short sighted because  you cannot support an economy by nurturing  prolific personal debt and a house bubble via ultra low interest rates and mandating CMHC to open the spigot , and they know that too..the cruds

Second, yes there is recourse but so what, you cannot get blood from a stone.. I don’t know how he expects people to absorb it onto their balance sheets  .. It’s a ridiculous statement.. In my experience, people who are struggling under a financial albatross eventually succumb to the burden thus falling behind in payments especially since there is not a lot of cash and savings on hand if one is mortgaged and indebted  to the hilt …. Everything tends to go to pot at this point .. I think you  will see a lot of people whom got in over their heads trying to sell their homes especially if they think the market is now turning.. Course it’s game over to sell as the tide turns. Inevitably , prices start to ratchet down as houses start lanquishing on the market thus the bear market starts…It’s not like we haven’t been here before with housing corrections but I gotta tell you this  seems to be one mother of a house bubble that we’ve ever seen around here .

Also, as he correctly pointed out , a lot of boomers consider their home to be their retirement nest egg. So what happens when all this negative press in housing starts to seep in? The light bulb starts to flicker and they collectively say  , hey honey we should put the house on the market now……… ooooops

Oh there was more I wanted to say but I can’t find the article now, anyways have a great weekend. cheers

My Models are older, Model NB-750.

I am very glad Claptona has taken it upon himself to broadcast the sights and variations of Belize…I am not the one for that as you all may have figured out by now…It is a pleasure to have him here…he listens to the facts …processes the information moves about and presents what he sees…

I’ll be getting a new laptop soon, and I will want an external mouse to use with it…………..probably, an external everything, in fact.

 Now, do you know if they sell “edit buttons” too?

When your unemployment check runs out Obamas gonna offer a ReTraining at Gubberment expense .Wow thats wonderful ! Re Training!  for new jobs picking fruit .  I’m thrilled !   Maybe we can layoff  the 50,000 lawyers in DC and save a pant load for the taxpayers or the soon to be unemployed Democratic Politicians.

They can trade in their three piece suits for a new Union Job Pickin Fruit ….they certainly are going to have to be retrained to do something useful .

It’s a USB powered mouse.

No Batteries at all.

Have used the wonderful battery free mouse for years, ..have 2, one on both computers. (Actually, have 3, one for a present).

So if interested, a Tentster can check to see what they are selling them for these days. Maybe some will find the darn thing a blessing, as did I.

The new model has a rectangular tablet.
Mine is an 8″ circle. But it doesn’t matter whether it’s a circle or a rectangle. Works just fine.

Learned this from Turtle, over on Goldies.

www.techtastic.ca/reviews4/batteryfree.html

www.a4tech.com/products.asp?cid=142&scid=92

New pictures posted here on The Big Mozey. Scroll down the page to get to the pictures.
Went to the only golf course on the mainland in Belize. Paul Martin, an expat from South Africa, was a great guy, showed me around and even treated me to a coke.
I was impressed with the work and results that the guy got from his effort.
Hope you enjoy this brighter side of Belize.
Cheers
John

And I didn’t even know that gold and silver drank…………………………

ASTROLOGY FOR TO THE MOON AT GOLD TENT

Mercury turned retrograde on August 20^th @ 19* Virgo and will move direct in motion on September 12^th @ 5* Virgo. Mercury rules buying and selling and when retrograde, such matters are in a flux. The Mercury retrograde period is a time to finish up previously started projects, to avoid beginning anything new…a time to put off signing contracts but if not possible, to go over all documents with a fine-tooth comb. It is not a good time to travel but if necessary, carry extra essentials because lost luggage is not out of the question. Mercury retrograde is a time of delays, of scheduled meetings running aground. In the sign Virgo, the best use of time is to analyze your daily routine to see how improvements can be made…to analyze your diet and eliminate what is destroying your health…and your mind.

Financial: Transiting Pluto in retrograde motion is and has been opposing the USA Venus for the past year and a half…Venus is the planet ruling our currency, slowly - and insidiously - being dismantled by corptocracy. Not too surprising that Pluto co-rules the banksters in the inception chart, disclosing those responsible for the currency destruction.

On Sept. 14^th Pluto stations and once again moves direct in motion, forming an exact opposition aspect to the USA Venus on October 19, 2010…the final nail in the dollar’s coffin. As the Pluto influence will still be of influence into the end of December, the American public might not get sucker-punched until after the fact. In the meantime, spend as much of those dollars as you can prior to October 19^th, purchasing essential items such as food, bottled water, all-season clothing, medicine if you aren’t able to make your own, a sleeping bag for those living in states where it gets cold for when power is lost, etc.

Best wishes, Moggy.

Oh yeah, he’s a screamer

Well now it looks like he was saved  by the button so to speak

Here I sit with a broken handle, a worn out button, and me name keeps changing more often than

Augirl changes her shoes…………………………………

at least temporaraly. wj

related to bruce known as ‘the goose’ the mafia jester. a funny kinda guy!
wj

Sorry, but Wal-Mart Greeter is away, looking for a hot new button………,,,,,

Will the Mafia booty give me an answer to you simultaneous handles ?

I wonder if I am related to Frank?

I can’t watch your vid because this computer don’t have flash on it.  Sooooooooooooo, basically I am “flashless”, buttonless,  and correct handleless.  That’s it.  I am heading off to the Labor Day celebration to get drunk.  That should take me all of one beer.   Heck, when I get home I probably won’t even realize my button and handle are missing.  Where can one find a good Canadian mountie when one needs one?

Bibs and cheap wine..how can an Au girl resist. lol

Say, ya think you got any long forgotten gold treasures buried in the back yard  ..Like maybe some Mafia booty

……..weeks, ago, and my edit button worked just fine till Augirl started messsing with it. 

you know a double registry’s edit buttons cancel one another! ha we got to the bottom of this perplexing saga of where oh where has my little button gone! success at last…wj

Goldtent in my favorites just led me to another site.   I corrected it by changing .com to .net.    I think there was a discussion about this some time ago, but I don’t know why suddenly I would be directed to Goldtent.com instead of Goldtent.net.

I already “lost” my computer, had to borrow this one, and had to get a new handle that Augirl already wore out.  That’s it.  I am going to the Labor Day picnic to get drunk.  That oughta take about one beer……………………….