[TenthAmendmentChampion]

“A primary bulwark against foreclosures and destitution is about to give way. Almost 500,000 Americans will exhaust their unemployment insurance benefits by September. That includes 354,000 for that month alone. The economic consequences will be severe. Social unrest is inevitable.”

On Fox News tonight they predicted that half of all mortgages will be “under water” (the balance due will be more than the value of the house) by 2011 (I think that was the year).

I wonder how many will try to sign up for Obama’s “volunteer” force.

This is very frightening.

[CottonBall]

On Fox News tonight they predicted that half of all mortgages will be “under water” (the balance due will be more than the value of the house) by 2011 (I think that was the year).

yickes! On a personal level, that would mean I should sell now while the house is worth more and wait around with the money to buy later. On the other hand, IF there is hyperinflation or anything close to it, hanging around with cash would be bad while holding some property would be good.

Tough scenarios with diametrically opposed solutions.

My best solution for either is to buy somewhere very rural where we can be self-sustaining. Like what DW has. (Hubby just applied for a job in a very rural section of PA, so there is hope we can escape Mexifornia! It makes me nervous to be here with all the entitlement-demanding illegals when things go bad.)