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What does it say when a job usually, and traditionally reserved for teens approaching entry into the job market, for a summer gig, are pushed out for carreer working class people trying to get off unemployment roles? Is that the sign of a strengthening ecomony? Not in my book.
j-mac
remember when one of his cronies wnated to have hamburger flipping changed from service to manufacturing?
but it was when bush was president? for me, any sign of life is a good sign.
More than 28 percent of U.S. homeowners owed more than their properties were worth in the first quarter as values fell the most since 2008, Zillow Inc. said today.
Homeowners with negative equity increased from 22 percent a year earlier as home prices slumped 8.2 percent over the past 12 months, the Seattle-based company said. About 27 percent of homes were “underwater” in the fourth quarter, according to Zillow, which runs a website with property-value estimates and real-estate listings.
Home prices fell 3 percent in the first quarter and will drop as much as 9 percent this year as foreclosures spread and unemployment remains high, Zillow Chief Economist Stan Humphries said. Prices won’t find a floor until 2012, he said.
if you wait a year, in most places prices will be significantly lower
i understand
being an aged california public school teacher who paid off his house when he was 51, i have a huge surplus income and nowhere to put it
i believe in real value, whatever that is, but these days it might be an 18 wheeler full of guns
or a big tank of gasoline
a house, even if paper is worthless, still has some instrinsic worth
i feel forced to move up
my point---when home prices are low, the differential between my modest 3 bedroom and that mini mansion in the gated retirement community is constantly shrinking
so i wait
and i don't really want to move, i finally got this place exactly like i want it
oh well
we all got problems in tuff times like these
stay up
There's always "The Villages". :mrgreen:
What does it say when a job usually, and traditionally reserved for teens approaching entry into the job market, for a summer gig, are pushed out for carreer working class people trying to get off unemployment roles? Is that the sign of a strengthening ecomony? Not in my book.
j-mac
america's friendliest home town!
LOL!
do you know hgtv?
if they did a show researching the best places in america to retire---prices, amenities, weather, commutes, tax rates...
it'd be a HIT, baby!
bigger than house hunters international
One more reason why our money spent bailing out the auto industry was money well spent.Now onto the other part of your post.:2wave:
I’ve been through a few recessions in my time, the one in the eighties had men with master’s degrees unloading trucks at grocery warehouses; they were/are called lumpers.
Lumpers unload for cash payments of a few cents a pound,they go by the freight bill weight. I don’t deliver to grocery warehouses now but I do know that when I pull into a city with an oversize load, the help offers come fast and furious, the difference now is that the help offers come most of the time without a Spanish accent...now.
One could say at times very articulate. Better educated? Of course.
if you can throw forty thousand pounds of of Tide/Clorox/whatever onto pallets in four hours you can make yourself a living wage off of the grid... if you do that a couple of times a day. In other words a person will do what is takes to keep food on the table when their/ family is hungry, regardless of the perceived step down of the social structure of the job.
As an aside the chatter on CB channel 19 seems to have taken a turn towards…well, maybe not exactly a discussion of "Canterbury Tales" by Chaucer.I also haven’t heard much chatter on which months "Hustler" was better lately either.Bummer
In other words people will do what it takes to put food on the table.
i understand
being an aged california public school teacher who paid off his house when he was 51, i have a huge surplus income and nowhere to put it
i believe in real value, whatever that is, but these days it might be an 18 wheeler full of guns
or a big tank of gasoline
a house, even if paper is worthless, still has some instrinsic worth
i feel forced to move up
my point---when home prices are low, the differential between my modest 3 bedroom and that mini mansion in the gated retirement community is constantly shrinking
so i wait
and i don't really want to move, i finally got this place exactly like i want it
oh well
we all got problems in tuff times like these
stay up
Explain to me why Ford succeeded whereas GM/Chrysler needed the govt. take over?
[QUOTE Conservative;
So you think it is the Federal Taxpayer's responsibility to bailout any business that is on the verge of failure?
No but the precedent was set with the Troubled Asset Relief Program, commonly referred to as TARP. SSOoo…when the faucet was turned on for stimulus, what better return than saving jobs in this country?then of course the gov.made a few billion in 1979 with a $1.5 billion loan guarantee that saved the company and tens of thousands of jobs.
Better car, better management.That,s why i bought shares in the company at $5.00...good investment.Might buy some GM later when it hits my trigger point.:2wave:
ll
ll
I guess during your hazardous stroll through the jungles of goggle you inadvertently overlooked this article eh prof? :mrgreen:
Monday May 9, 2011, 1:09 pm EDT
DETROIT (AP) -- A union official says General Motors plans to add 250 to 400 jobs at its transmission factory in Toledo, Ohio.
Local union President Ray Wood says GM will invest $260 million to build fuel-efficient, eight-speed automatic transmissions in Toledo starting late next year.
CEO Dan Akerson and United Auto Workers Vice President Joe Ashton are scheduled to make the announcement on Monday, along with local and state elected officials.
ll
I guess during your hazardous stroll through the jungles of goggle you inadvertently overlooked this article eh prof? :mrgreen:
Monday May 9, 2011, 1:09 pm EDT
DETROIT (AP) -- A union official says General Motors plans to add 250 to 400 jobs at its transmission factory in Toledo, Ohio.
Local union President Ray Wood says GM will invest $260 million to build fuel-efficient, eight-speed automatic transmissions in Toledo starting late next year.
CEO Dan Akerson and United Auto Workers Vice President Joe Ashton are scheduled to make the announcement on Monday, along with local and state elected officials.
ll
I guess during your hazardous stroll through the jungles of goggle you inadvertently overlooked this article eh prof? :mrgreen:
Monday May 9, 2011, 1:09 pm EDT
DETROIT (AP) -- A union official says General Motors plans to add 250 to 400 jobs at its transmission factory in Toledo, Ohio.
Local union President Ray Wood says GM will invest $260 million to build fuel-efficient, eight-speed automatic transmissions in Toledo starting late next year.
CEO Dan Akerson and United Auto Workers Vice President Joe Ashton are scheduled to make the announcement on Monday, along with local and state elected officials.
QUOTE Conservative;
You want proof?
The govt. paid $52 a share to buy GM and that price is in the low 30's today so you tell me how much of a loss the taxpayers will have?
What did i ask for proof of?
The loan was signed by President Jimmy Carter in the White House on January 7, 1980, on August of 1983, Chrysler paid off the loan, seven years early, at a profit for the government.
What hits you in the face with the above paragraph conservative? Did your partisan blinders fail to see the three and a half years between the Gov. loan and the payoff and profit? If anyone cares to look it up they will find that Iacocca was trying to get the Gov. to forgive the loan.
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