Mohave.net

I’ve kind of stopped posting on here because of hostility from the real estate groupies.  But there is so much “un” truth being tossed around, I decided to at least start posting links again.  I don’t know if any “real” people read this, but I hate to think the realtors “buy now before prices shoot up again” spiel is being bought by anyone.  The country is in trouble and no one should buy a house thinking they can sell it for a profit.  If you want to buy and can afford the payments and have money in the bank to cover the payments if you lose your job, then you should be OK.  Otherwise buying now is a real gamble and could create major financial problems in the near future for those unprepared.

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Chrysler to shut down for 2 weeks in July
http://www.marketwatch.com/news/story/chrysler-shut-down-two-weeks/story.aspx?guid=%7BB6AC5A33%2D1C78%2D470A%2DBDF6%2DAD8B7D51E53B%7D&siteid=bnb

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Freddie Mac sees home prices falling further
http://www.marketwatch.com/news/story/ceo-says-freddie-mac-sees/story.aspx?guid=%7B4980245A-5B7E-4EA6-B68B-8119100162E4%7D

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U.S. regulators unveil plan to revamp mortgage rules
http://www.reuters.com/article/bankingFinancial/idUSN1225290820080313

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The Fed is delaying the day of reckoning
http://www.ft.com/cms/s/0/5e9f14d6-f039-11dc-ba7c-0000779fd2ac,s01=1.html?nclick_check=1

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Most Economists in Survey Say Recession Is Here
http://online.wsj.com/article/SB120534519452630845.html?mod=hpp_us_whats_news

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Dollar Slumps Below 96 Yen to 12-Year Low on Subprime Losses
http://www.bloomberg.com/apps/news?pid=20601083&sid=a9Z0lnYk3QBQ&refer=currency

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Bear fire sale sparks rout on eve of Fed rate cut
http://www.reuters.com/article/newsOne/idUSN1650564120080317?pageNumber=4&virtualBrandChannel=0