Holiday season foreclosure news, the economy, the deficit, Occupy and the real estate market

Most of the major foreclosing entities (FNMA, FMCC, etc.) have proclaimed that they will not be evicting homeowners during the holiday season. Generally they're not halting the proceedings, just the actual eviction. Banker's heart?

CNN Money says that there have been 89,000 foreclosure auctions scheduled per month in 2011.

Many reports say that this last day-after-Thanksgiving was the best "Black Friday" ever for retailers.

The Occupy movement has had much more steam than anyone would have predicted.

In Seattle, there appear to be more active private construction projects underway which must be evidence of development loans occurring.

And then there's the democrats vs. the republicans AKA Spy vs Spy AKA Laurel and Hardy...

No political entity with any actual power seems capable of thinking outside the box on the deficit or anything else for that matter. They keep having the same arguments. (It seems those entities that do think outside the box tend to be theoretical extremists that don't mind if the average joe gets run over by their wheels of progress). Solutions are in front of us that are not likely to harm the populace but would take unusual (for Washington) political courage. Someone with the political courage to question the size of all the federal bureaucracies and/or legalize + tax the dickens out of marijuana and/or a needs test of sorts to exclude the wealthy from Social Security. There's more of course, but you get my drift. They exist.

Meanwhile, right now we are in a climate where real estate and mortgage loans are ridiculously cheap.

Does it all add up?

Date: Wednesday, December, 7th 2011 @ 12:26:01 PM
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