Pedicab Man

The latest deal announced today is a $79 billion home mortgage bale out of people who owe more money on their home than the home is worth.  Here we go again: taking responsible tax paying  citizens money and giving it to people who made bad decisions. What's the lesson? Sounds like the lesson is buy a house you can't afford and the Federal Government  will kiss the bobo and make it go away.  The problem with housing today is inflated prices caused by artificial demand from so many of these stupid loans.  A bale out will only service to prolong the afforability problem and keep some responsible people from owning their own home.  

There is plenty of money available to buy homes!!!! If you have good credit, a 10% down payment and the house cost is no more than 2.5 times your annual salary.  In other words it's back to the old business model.  The problem is people aren't making enough money to afford homes.  This is  due to the hyper-inflation of home costs over the last 10 years caused by creative financing. The affordability gap widened as house price when up10-15% per year and salaries only went up 5-6%.  In Charleston the mean household income in 2007 was $46k and the mean house cost was $365K. You already know what happened.... some folks were buying houses they couldn't afford using loans  that did not have a chance of being paid back.   Make no mistake about it, these excessive loans were a major cause of the hyper-inflation.  Now it's time to get back to the real world of supply and demand.  No one want to hear this but that 2007 mean housing cost of $365K is going to have to get down to the $175K range before most families will start qualifying for loans again.   The only thing that will stop this cycle is the if the Federal Government throws enough money into housing and the bad loan practises are continued.  AND..why wouldn't the feds get involved?  AMERICANS ARE PERFECTLY HAPPY TO STAND AROUND WHILE THE GOVERNMENT BANKRUPTS OUR CHILDREN.

1. You can make $3,500 a week doing Google Searches from home and no experience is necessary. Even if your not unemployed why not quit that stupid job and go for this one?

2. BUT..what if your have a government job and 2 hours on the computer  a day,  doing Google searches,  sounds like too much work?  Here is the deal for you.  In just  two easy steps you can get a government grant.  Over 15 billion in funding available. 

Once you have all that cash flow you'll want to improve your life.  Again the Internet is the place to go.  Here are just a few opportunities:

1. Live to be 150 with America's number one anti-aging pill.  

2. Flush out extra weight with Belly Bulge Be Gone.  Guaranteed 10 pounds a week weight loss.

3. Get Magic Jack and never pay for phone service again. NEVER.

4. Never Scrub Toilet Bowl Cleaner.  

Then again,  you may just want to wait till until my new product hits the market? Your very own $100 dollar bill printing press.  It's free with the standard terms and a 30 day money back guarantee.  Note: Part of the GREEN Movement, they only run on hot wind power--you can buy some of mine if you run out.  

I know most of you aren't going for any of this stuff.  Your thinking why go to the trouble?  All you have to do is wait for the millions Microsoft and Yahoo are sending you for forwarding all those emails to me!  Right?  Fess up, you know you did it.