OCTOPUS GARDENS (gated community)

[JAMESBJOHNSON]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aOpE4o.BuHfM&refer=home

I'd like to be under the sea
In an octopus's garden in the shade
He'd let us in, knows where we've been
In his octopus's garden in the shade

I'd ask my friends to come and see
An octopus's garden with me
I'd like to be under the sea
In an octopus's garden in the shade

We would be warm below the storm
In our little hideaway beneath the waves
Resting our head on the sea bed
In an octopus's garden near a cave

We would sing and dance around
Because we know we can't be found
I'd like to be under the sea
In an octopus's garden in the shade

We would shout and swim about
The coral that lies beneath the waves
(Lies beneath the ocean waves)
Oh what joy for every girl and boy
Knowing they're happy and they're safe
(Happy and they're safe)

We would be so happy you and me
No one there to tell us what to do
I'd like to be under the sea
In an octopus's garden with you
In an octopus's garden with you
In an octopus's garden with you

 

[Goldie Munro]

I can't hold my breath underwater for very long so that community is not for me

 

[JAMESBJOHNSON]

8 million Americans have the same problem.

 

[incubus666]

Nearly 5 years ago I bought a new home. I had a 5/1 ARM with a pretty good rate. Last june I got a little nervous about the intrest rates increasing so I refinanced into a 30 yr. fixed rate.

Over the previous 3 years I had managed to knock about about $24K of the principal above and beyond the 10% down payment.

Today according to Zillow.com I am a few thousand below what I paid for it but, I am not worried.

I bought a home for my family and me. I did not buy an ATM to use for vacations, big screen TVs, or new cars. It is still my home and it is damn well going to stay that way.

 

[incubus666]

Sorry. Double Post

 

[JAMESBJOHNSON]

INCUBUS

RICHARD III offered his kingdom for a horse!

Your property taxes and insurance costs should decline.

The BIG concern is whether deflated home prices presuppose deflation in construction costs.

 

[sr71plt]

Your property taxes and insurance costs should decline.

Apparently that isn't going to happen in at least the short term--or unless voters manage to put a stop to it. Localities are just upping the tax rate on properties (or signaling they intend to) to maintain their total take. Basic services cost what basic services cost; the money's got to come from somewhere.

 

[JAMESBJOHNSON]

SR71PLT

In my ville the appraisals are dropping like rocks down a well. The county money cruncher was in the paper crying about a 30 MILLION hole in the budget. The school board has a 16 MILLION hole.

 

[incubus666]

Same thing is happening Arizona. I saw a couple of weeks ago AZ is the worst state in terms of expected deficit as a percentage of total budget. No my property taxes aint going down in the foreseeable future.

So as I said before I bought a home I didn't see it as an investment. Sure times are tough and money is a little tight. Still there are a lot of things I can cut back on before It affects my mortgage payment. Red beans and rice is a pretty good dinner and Raman is, at least, an edible lunch. <G> It isn't that bad now but that is my final fall back plan.

 

[JAMESBJOHNSON]

INCUBUS

The local paper is in angst about the city pier. The city leases the pier to assorted vendors, but loses 1 MILLION Dollars to keep the place open. The bottomline is, people go to the pier to fish, they dont go there for the upscale restaurants and boutiques. Its a shit sandwich no one wants to eat OR throw away.

Now! My little hamlet has a pier without the frills. People use it to fish, and there's a burger joint beside the parking lot. The folks buy coffee and sandwiches and sodas and bait. It makes money. The burger joint pays the town for a lease, and the town keeps the pier, etc. in good condition.