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Selling the duplex! |
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By iwrate on
2/7/2007
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A lot of stuff has been going on with real estate. My parents just bought a new house and are about to list their old one. All the talk of huge capital gains has motivated me to find a buyer for my duplex.
I'll keep you posted.
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Acidification of the Earth's oceans |
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By iwrate on
11/19/2006
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I'm reading an article in the New Yorker.
Did you know?
- The ocean has absorbed about half of all the carbon dioxide man has spewed into the air since the beginning of the Industrial Revolution.
- The surface pH of the oceans has lowered by .1 - representing a 30% increase in the acidity of the ocean.
- The CO2 combines with the ocean's H20 producing H2C03 (carbonic acid - a weak acid found in most sodas)
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Money flowing from housing investments to Wall Street |
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By iwrate on
9/28/2006
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Currently, investors are pulling money from real estate and putting it in the market. While this probably is propping up the market in the near term (6 months or so), it won't sustain it through 2007. It's good to be in equities now, but I'm going to begin looking for safer, dividend paying stock funds (Equity/Income) and medium term bond funds for the future.
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Interest rates |
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By iwrate on
9/19/2006
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The Fed is meeting today. Prior to the last meeting, there were 17 consecutive 25 basis point raises. They're expected to hold steady today. My money is on rates increasing up to 50 basis points over the next six months or so, and then dropping to ease the cash crunch brought on by over-extended home buyers.
If inflation reappears and the Fed is forced to raise rates more drastically, the housing market crash will be even more severe. Currently, I'm anticipating a 40-60% correction in the OC market.
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