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Whence housing? by Jack on Mon Sep 28, 2009 5:48 pm
One of the developing themes over at tickerforum.org is housing - both foreclosures, and the avoidance of foreclosures by the banks. It seems that if a bank forecloses on a property and sells it, the bank must recognize the loss, representing a major hit against capital. And with too many losses, the bank ceases to be viable and must (by law) be dissolved. So - the banks don't foreclose. The property may be occupied by the former owners (but how can one be an owner with no equity?), or is abandoned and becomes prey for squatters and worse.

The problem, of course, is that the economy may stagnate with high unemployment and reduced business activity - or, worse, peak will hit with a vengeance and force the economy into another slide. In either case, we could easily see an increase in abandoned properties. If gasoline takes another run to $4 per gallon, it seems likely that the suburbs will be notably vulnerable to such developments (pun intended).

This creates a variety of interesting...

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4 Comments Viewed 13525 times
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Book IV: Stone Warriors by eastbay on Mon Jul 08, 2013 12:17 pm
I hope you enjoy this excerpt from Chapter Three of Book IV, "Stone Warriors."

He told CJ the story of that day in early March when six brave explorers from Corbett walked up the Columbia River...

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0 Comments Viewed 9030 times
If confronted by a mob, by wisconsin_cur on Wed Apr 25, 2012 2:04 am
I heard the question asked recently, how do you defend yourself from a mob. Assuming you have...

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6 Comments Viewed 236562 times
Buck, a Survivor of the Shut Down by eastbay on Mon Jan 02, 2012 1:45 pm
Deleted the rough first few chapters, just like last time.

The book is done, submitted and should be on Amazon (paperback and Kindle) and available through major bookstores this spring.

0 Comments Viewed 35116 times
Reflection on something lost by Jack on Wed Sep 21, 2011 6:46 am
I'm not usually into poetry, but this reminds me of what we've lost. It's been years since I've seen one of these -

POETRY
Monarchs of the 70s
By Sheila E Sanchez Hatch

More astounding than snow in...

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1 Comment Viewed 26684 times
Ten Years and Done Waiting by wisconsin_cur on Sun Sep 11, 2011 2:50 am
On September 11th 2001 my wife and I arrived home from night shifts at a metropolitan hospital to the news that one of the two towers of the World Trade Center was burning. We followed events closely...

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1 Comment Viewed 74416 times
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Re: If confronted by a mob, by eastbay on Thu Apr 26, 2012 8:08 pm
The tae kwon do instructor where my kids studied (a few years back) wouldn't give out a black belt unless the student could run fast and far ... I don't recall exactly the time/distance, but it was about...

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Re: If confronted by a mob, by General Doom on Wed Apr 25, 2012 1:30 pm
I've been in one (out in the street), and barricaded inside my house for 3 days from another one.

In the first one I was a young adult and I ran - it's always good to have an escape route planned ahead....

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Re: If confronted by a mob, by Newfie on Wed Apr 25, 2012 6:49 am
You are correct, we mostly agree. In fact I went back to edit my post after rereading you and couldn't find an edit button. I realilized that in my actions where the girl was being beaten I did just...

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Re: If confronted by a mob, by Newfie on Wed Apr 25, 2012 6:49 am
You are correct, we mostly agree. In fact I went back to edit my post after rereading you and couldn't find an edit button. I realilized that in my actions where the girl was being beaten I did just...

[ Continued ]

Re: If confronted by a mob, by wisconsin_cur on Wed Apr 25, 2012 5:29 am
If I may quibble but on a distinction that I think is important?

Quote: "a mob occurs when the collective instinct over rides the individual rational thought process."... "Fighting is ineffectual...

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