December 31, 2007
Happy New Year by ABBA (circa 1980):
A little melodramatic but I like this song (and the way Agnetha pronounces champagne is hilarious). A sample:
Seems to me now
That the dreams we had before
Are all dead, nothing more
Than confetti on the floor
It’s the end of a decade
In another ten years time
Who can say what we’ll find
What lies waiting down the line
In the end of eighty-nine…
On that happy note, Happy New Year bitches!
December 29, 2007
December 29, 2007
December 28, 2007
The bad news: Home-Price Declines Biggest on Record*:
Single-family home prices in the top U.S. markets declined in October at a record pace from year-ago levels, signaling that the gloom in the housing market may be far from over.
The Standard & Poor’s/Case-Shiller Home Price Index showed an annual decline of 6.7% in the 10-city composite, according to data released yesterday. The previous largest decline on record was 6.3%, recorded in April 1991.
That is scary. Home prices fell 6.7% from October 2006 to October 2007. One thing they don’t mention: home prices rose 175% from October 1997 to October 2006. Shouldn’t that be taken into consideration? That, in turn, brings me to the good news. Homes are now more affordable:
The silver lining behind the latest home-price data is that they signal the market is making what most economists see as a necessary adjustment, dragging home prices back into closer alignment with Americans’ ability to pay. The market is working its way “back to reality,” says David Seiders, chief economist of the National Association of Home Builders.
For those that bought at the peak, it sucks (if you have to move anytime soon). For those looking to buy a house, start looking for some deals.
*As the article states, this is a measure of twenty major metropolitan areas . Here in podunk, we never saw the incredible price appreciation that they did and are still enjoying modest YoY gains. Your mileage may vary.
A little late but I love Martha’s prison bitch creche (12/25 episode).
December 26, 2007
Now I get it (thanks, Jonathan)
proven (proved?) here: