Looking like a Long Winter

[Account Closed]

In the myriad responses to an upcoming vacancy, more then half have had some type of legal problem, eviction, felony, etc. and disappeared as soon as this was brought up.

The rest have not had an income stream near no less above three times the rent. Most are unemployed and receiving student stipends, something new of late.

I know that there is 11% unemployment statewide, highest since measurement began, and probably closer to 15% in our area, but this is looking like a depression.

I think it may be time to begin unwinding our market holdings as well, not that the dollar is actually worth anything.

It is going to be a long winter!

[G Simpson]

It really is sad that so many people were living above their means in so many ways...now it has all fallen apart and so many of them take no responsibility for their actions. Even once the economy recovers in the US...there will still be generations that have been completely crippled by this mess both financially and emotionally.