Gas Prices Are Trending Down
The head line at Marketwatch reads: “Happier days at the pump”
I filled up my car yesterday and it was $2.45 a gallon. I have not seen a price that low in Los Angeles in almost two years.
Russia or U.S.A. Voting?
Long lines to vote in Arlington Virgina! This is two steps from Washington D.C.
We are the leaders of the free world and we are making it this hard on citizens to vote. I don’t care if you are Democrat or a Republican, this is wrong. Voting is the core of what makes us a free democratic society. This needs to be fixed asap.
“voting lines three or four hours” and “We help people so they can feed the meter…” Really, this is insane.
Will College Tuition Drop During the Recession
Will the recession cause college tuitions to drop? Peter Schiff makes a pretty good argument in this video.
Record Home Price Drop
Home prices all over America are dropping fast. Clear proof we lived through a housing bubble of insame proportion. Home prices in Los Angels Ca have dropped 25% in just one year. Some think we are at the bottom, but I think we hit bottom when we see 2001 pricing. Look for more deep cuts. Maybe another 25%.
Read more here.
916 GRANVILLE Ave LOS ANGELES, CA 90049 REO
Make no doubt about it, times are tough. We find a new market emerging in Brentwood CA. REO? Yes, even in the riches neighborhoods, homes are being taken back by the bank.
This house was last sold in January 2005 for $1 million dollars. The bank took back the house in September 2008. It is now listed at $615,125.
See the listing here.
House details:
916 GRANVILLE Ave LOS ANGELES, CA 90049
Price: $615,125
Beds: 3
Baths: 2
Sq. Ft.: 1,238
$/Sq. Ft.: $497
Lot Size: -
Property Type: Single Family Residential
Area: Brentwood
County: Los Angeles
MLS#: 08-323765
Source: TheMLS
Status: Active
Gas Prices are Falling Fast
I live in Los Angeles California and we have some of the highest priced gas in the nation, excluding Hawaii and Alaska. However today I went to fill up and the prices was $3.09. I have not seen a price that low in over a year. According to the AP, “The national gas price average has dropped $.53 cents in two weeks.”
While the average American is paying $2.78 a gallon, while I am paying $3.09! However $3.09 is better than our summer high of $4.79!!! Yikes.
Layaway is Back
First we reported K-mart is offering layway for the holidays and now there is a story in the WSJ.
This could be good for America. It could help to limit credit card use and increase cash only purchases. Over spending on credit for the last 10 years has put America’s economic health in jeopardy. Maybe Layaway is the first step to economic recovery?
Greenspan Shocked at the Financial Failures
Former Federal Reserve Chairman Alan Greenspan says he is shocked at the failures of the financial system that led the U.S. economy to the brink of disaster.
Really? He has been in the drivers seat for 18 of the last 20 years!!! This is crazy! Greenspan should man up to his failure.
Housing: More Doom & Gloom Ahead
Ken Rosen, a real estate economist does not think we will hit bottom in the real estate market until 2010 or 2011. I agree with him.
Global Sell-off Stocks Down 5%
For a full update click Here.
