Posted on 04/24/2008 9:02:16 AM PDT by Lorianne
Unfortunately, he and his wife “Patsy Cline” have moved on (as far as I know). The building’s still there, but I’m pretty sure that it isn’t called the Lantern Inn any longer.
The sad details surrounding the end of a 41 year tradition in North Georgia.
http://bca.ns.ca/forum/showthread.php?t=726
This is GREAT NEWS!! Mrs. VanShuyten and I are planning to move right to that area in a month or two. If prices keep going down, we might be able to afford TWO dogs (and maybe a new pistol or two for me).
When my lease comes up I'm gonna give some nice $700K+ vacant properties I've been eyeing a rental offer. Same math. I expect it to work. Paying their mortgage for a year is better than nothing for them. I'll continue this 'til the market hits bottom, then buy.
I think it totally depends on location. `In my city, the overall effect has been negative but that is almost exclusively in the “far out” parts of town no one wants to live in because its a 2-hour commute. We got our mortgage for the same as what we were paying down the street in rent (including taxes, insurance, etc.), and no one’s rent is going down despite housing price drops (not here anyway).
But in other cities the overall downturn is so significant I imagine there would be many ways to save by renting. Especially if $700,000 houses are sitting around empty! Dang!
in spite of the left-wingers’ economic ignorance combined with their arrogance...
Free markets and the way they produce results baffle and scare lefties. Their worldview/paradigm is such that the best way to get results is to have some elite smart people at the top telling everyone at the “bottom” what to do.
Predictable and to be expected. The more expensive fuel becomes the more expensive that commute becomes. I would never ever ever live 40 miles from my job voluntarily... I want to keep that 1-2 hours a day to myself, let alone the cost of gas and wear and tear on a vehicle.
As commuting becomes more expensive, downtown locations for businesses will become more desireable as well, as companies will find it more difficult to recruit employees when they are located so far from city centers supported by public transportation, and convient/short commutes.
The NPR environuts are in their glory. Everyone will soon ride public transit! OR, they can trade the SUV in and get a smaller commuter car - which is also happening in large numbers. That way, they can stay out in the sprawling suburban towns away from the crime and dirt and pollution in the cities....oh and the libs running the city governments and the associated HIGH taxes.
Isn’t it amazing that the lefties squawk about gas prices even though they are producing exactly the society that they’d like (for everyone else).
It does expose their motives - they want everyone else to stop using THEIR resources and living in THEIR open spaces.
“I live in a nice part of Alexandria, VA. Believe me, the creeping crud of lower real estate prices has finally arrived.”
Sorry to hear that. In North Arlington, near the Ballston Metro station (where my home is located), we’re not having any problem. Values have actually increased. And homes are selling — an open house I looked into a couple of weeks ago was SWAMPED! I think the article is correct — if you live within walking distance of a subway station in the Washington area, your property value is assured, thanks to the horrendous traffice in this region.
I’m within 200 yards of a subway station. Got lots of people in to see the house during several open houses. No offers...until I dropped the price a mite.
Sorry, but I don't believe a word of it. oil prices are going through the roof to pay for the arab/muslim war against us, the US.
> The increase in gas prices IS hyper-inflation of gas prices. I was just talking about gas, not the general economy <
As Friedman taught, and as countless others have demonstrated both logically and empirically, “Inflation is always and everywhere a monetary phenomenon.” Taken in isolation, gasoline prices really have nothing to do with inflation. Pick your own definitions of “inflation” and “hyper” if you will. But if you do so, then reasoned discourse isn’t possible.
Futures markets are very much a part of the supply-and-demand mechanism. Indeed, they are an extremely useful and important part of our economy. Without them, the efficiency of our truly miraculous econmic system would decline significantly.
In fact I'd go so far to say that by dismissing futures markets in such an offhand way, you seem to throw in your lot with Marxists, other leftwing "progressives," most of the MSM, and populist demagogues like Lou Dobbs and Pat Buchanan -- none of whom have a proper appreciation for the workings of a free-market, captialist economy.
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