SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (53417)2/10/2006 2:27:10 PM
From: ild  Read Replies (1) | Respond to of 110194
 
Fewest in O.C. on record can afford a single-family house
Only 10% earn $171,000 a year, enough to buy a $702,290 home, Realtors report.

By JEFF COLLINS
The Orange County Register


Only 10 percent of Orange County residents could afford to buy a house here at the median price or higher in December, the lowest level ever, new figures released Thursday show.

Buyers would have to earn more than $171,000 a year to afford a median-priced single-family home in Orange County at the end of 2005, according to the California Association of Realtors. Just 10 percent of local households earn that much.

That figure assumes that buyers used a 30-year fixedrate loan, made a 20 percent down payment and paid the $702,290 that the association determined to be the median single-family home price.

Early January figures from DataQuick Information Systems show the median price for an Orange County home, including condominiums, fell to $582,000, down from December's record median price of $621,000, because of a decrease in median new-home prices in that period.

DataQuick analyst John Karevoll has previously said such fluctuations in new-home prices likely are caused by home shoppers switching from houses to condos, which are less expensive.

Financing the purchase became more costly. Fixed-rate mortgages rose above 6 percent for the first time this year, and adjustable-rate mortgages, or ARMs, hit their highest level in three years, according to the National Financial News Services.

The region's average rate for a 30-year fixed loan with a one-point fee was 6.03 percent this week, the service reported.

A one-year ARM with a two-point fee was just under 4.2 percent.

ocregister.com



To: mishedlo who wrote (53417)2/10/2006 2:37:07 PM
From: NOW  Respond to of 110194
 
The Minds of Madmen

After the President’s conveniently-timed revelation about a foiled attack on Los Angeles, I contacted a few friends in the intelligence community and was able to get my hands on this IM conversation between Al Qaeda’s number two guy and Bin Laden’s second-in-command (on that org chart, everyone’s a VP).

OsamaMama : u there?
72Virgins : yeah, sup?
OsamaMama : martyr 4 life, bitch!
72Virgins : lol
72Virgins :
OsamaMama : turn on fox
72Virgins : k
OsamaMama : shes hot
72Virgins : who? the angry blonde?
OsamaMama : yup
72Virgins : dude, she looks like barney fife with a wig
OsamaMama : whatever. anns my gril
OsamaMama : girl
OsamaMama : i cant tpe today
OsamaMama : type today
OsamaMama : ARRGGGGGHHHH!!!!
72Virgins : nice.
OsamaMama : where you wanna hit the infidels?
72Virgins : i dunno. sears tower
OsamaMama : las vegas
72Virgins : space needle
OsamaMama : disenyland
72Virgins : disneyworld
OsamaMama : i just said that
72Virgins : no, you said land, I said world
OsamaMama : aren’t they the same?
72Virgins : no, dumbass
72Virgins : the white house
OsamaMama : the washington monument
72Virgins : brb
72Virgins : im back
72Virgins : the tallest building in texas
OsamaMama : the tallest building in los angeles
72Virgins : i got skills
OsamaMama : what?
72Virgins : nunchuck skills
72Virgins : bowhunting skills
OsamaMama : it’s a liger
72Virgins : flippin sweet

Seriously though, it’s hard to know what to think about all of these vague threats when the President is so blatant about politicizing them and mum on the details. Where these guys stopped at the airport or was this “plan” just something jotted down on a bar napkin? If revealing the existence of a spying program undermines our ability to fight terrorism, what are we to make of the President’s self-congratulations being on the cover of every newspaper? If it was so important to keep this incident a secret then, what were the changes that made it perfectly acceptable to blab about it now?

tom tommorw



To: mishedlo who wrote (53417)2/10/2006 3:33:04 PM
From: UncleBigs  Respond to of 110194
 
Yes I did Mish. Scott Reamer is devout deflationist. I wish he posted more on Minyanville. I would definitely stay if he did.