Morning news (Special "Why I'm right and you're not" edition)

[boztopia]

Since I need to charge my MP3 player up before going to the gym, I figure I shall share some health, wealth, and wisdom while I wait.

Comments

[squid_ink]

After the administration monkeyed with the way the job count is calculated I don't believe ANYTHING they say. (okay it was a lot more than that but...)

I studied statistics for a long time.. I was well on my way to becoming an actuary before I got sidetracked and sick of taking tests. Numbers can be made to tell you whatever you want, really. And in this case they lie.

:(

thx for the post.. you're always bringing up such valid points. Have a great weekend.

Awww

[boztopia]

Thank you! And thanks for reading. I worry that my stuff may be too dense and wonktastic sometimes, but I'm glad people are gaining valuable insight from it. ;)

[tuesdays__grace]

Not wonkastic at all. In fact I wish I had half the brain to reply coherently on some of these issues. being a workaholic newly single mom"The Real World" has taken its toll I suppose.

that major urban markets are just overdeveloped and have no more room in real property space to build new property in. heh, that could explain why there is so much development going on in the job mecca (not) that is upstate NY.

"creative" mortgage, such as adjustable-rate mortgages, Good thing - I DO have some brainpower left - I convinced 2 people to stay the hell away from ARMs. They've been fully "armed" against ARMS. ba-da-bing.

*hugs*

[boztopia]

Quite the contrary--I'm always impressed at how smart your commentary is and how well-informed you are, even with all the stuff you deal with on a daily basis. I can only get away with this because I'm not seriously dating and write about this for a living. ;)

I actually saw a report somewhere that said Rochester was an underrated housing nexus. I'm certainly pleased at the idea of bringing new jobs into your area--that means more work for you!--but what kind of jobs will they be? What will people do once all those houses are built?

ARMs are the root of housing market evil. As the market gets more bearish, I urge everyone I know to go for a fixed-rate unless they're absolutely sure of two things. One, that they can save enough money to pay for an ARM, and two, that they can "flip" their property and pay off the ARM via gaining enough equity.

See, this is why I rent. Why would I want to gamble my financial future on this sort of insanity? It's just not worth it.

[blishlock]

On the subject of sharing the wealth, blishlockMike K. and I got into it regarding how well the economy is doing. Mike's answer to me basically consisted of agreeing with me and then parroting some current GOP talking points to prove why he was right. Tsk tsk--you can do better than that, Mike.

Martin, one can do no better than the truth. You and I are both right-- and both wrong.

I'll have something more substantial to write tomorrow.

[blishlock]

I've replied.

My boss caught me replying and now I have a new project. Rest assured that future replies won't be so long in the future. :-(