a trip through insurance world.....Follow

Bannana harvester?

Lots of NJ folks tend to head south. AKA Florida. Why, I am not sure. There are a lot less hot/wet places to call home afetr retirement.

Trust me if I could afford the buy in and start playing the Real Estate Game, I would make my money and get the **** outta Jersey.
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that is exactly what the retiring baby boomers are doing. anything near the water is skyrocketing.

there will be a bubble burst eventually. places like south florida, where i live, will not see it however. prices will level off for a while then start their slow climb at 4 to 5 percent again eventually, but they will not fall.

places like houston, and other large cities whose housing boom is fueled by easy cheap money from low interest rates and relaxed lending rules will crash, however.

people who stand to benifit the most are people who have owned a home for over 5 years and are close to retirement. and people in high interest areas who will be willing to sell and relocate to a less expensive area when they do retire.

people who stand to loose the most are the sheep who bought into the "get it now" craze from all the cheap money flowing around, but do not live in a high interest area, nor are close to retirement. when the interest rate goes up, their pot of gold will turn into a pot of lead overnight.

the best plan would be to sell before Bush leaves office and rent till the bubble burst, then buy, for those not living in a high interest area. when to sell, not if, will determine who ends up in bankrupcy court, and who ends up in a nice house in a good neibhorhood.

because of the manipulation with the lending rate and lending rules, housing has turned from a long term retirement plan into a short term commodity to be traded. the government shifted the economy from stocks and bonds to housing. from wholesale and retail to home building.

it is like a bridge to cover the gap from our floundering manufacturing structure dieing from outsourcing.

on the world view, we have become a user society instead of an industrial society. a user society cannot sustain itself and will eventually fall.

but we have one thing left to sell. freedom and democracy. as long as this place continues to be a place in the world like south florida is a place in the U.S., a place of interest, people will want to live here weather they make their money in china or mexico.

the downside to this rosey face down card are the masses of working class living here. they will be subjegated to low paying service industry jobs with little to no hope of anything more. teh U.S. will become like a third world country. a place where the wealthy of the world live in their shiny castles tossing coins at the pesants, with NO MIDDLE CLASS.

we are on the wrong path. our government is to far gone down this path to see any other path.

it is time for a change.

Might as well be. I Do stupid and mundane graphics for a Miller Lite Distributor. Basically anything that pays more than squat and does not involve math, I will jump at.

Just to mention about SR's claim of nationalizing the insurance industry into a gov't run program. Both in Manitoba and British Columbia(probaby more) they have taken over the auto insurance.

Overall the cost for insurance is lower than those where auto insurance is privatized but the pay outs are lower and there seems to be just the same amount if not more trouble in getting a payout because in the end you are dealing with insurance and the govt.



Edited, Wed Oct 5 12:19:46 2005 by bodhisattva

Nothing like a half-cocked ramble against the machine to ruin a somewhat intelligent discussion about the housing market.
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you consider it ruining the disscussion about housing, because, like the masses, you consider them two differant problems or events.

i am trying to show you there is a direct connection to the machine and the raging housing market for the last five years.

the problem with the masses, and our country for that matter, is people only focus on what directly affects them, and like checker players vs chess players, only look at the first or second layer of the problem.

the machine is directly responsible for the housing market skyrocketing in the last 5 years.

if you can begine to understand that, you can begine to see the ineviatable conclusion, and better plan to avoid the ineviatable crash.

the machine and the raging housing market are not two problems, they are one and the same. the insurance industry,s legal ability to ***** the consumer and the machine are one and the same problem. our failing industrial system and the machine are one in the same problem.

the machines soultion to the ineviatable crash? secure a commodity that will be valuable for atleast the next hundred years. and take steps to make sure that commodity stays in demand.

oil.

iraq.

no major spending on solar or hydrogen fuel. big tax breaks for oil industry and more drilling.

housing, the economy, big bussiness trampleing on consumers, iraq.

all connected. all the same problem. the path the machine chose.

you sheep can connect the dots when bush mentioned iraq and 9-11 in every speach on security, which makes you good checker players, now take it further. peel back a few more layers. connect the rest of the dots. become chess players.

The hurricanes in Florida stay mainly in the projects unlike the monsoons in China and Tsunamis in Japan. Without monkeys, why would the Mexican drug mules deliver the goods? It's because of freedom. Bob bless America.

Sexy!

Your kitty looks like a young George Burns. That's kind of cute.

you know an inasanely large portion of your insurance cost is all broker fees. I work at a car lot and my good friend is our insurance agent, she makes an ungodly sum of money off broker fees. She told me that the insurance portion is actually rather inexpensive but then the broker tacks on whatever amount they want to and thats where you get your total.

Godwins meets Duck Soup!

So you've made it your mission to stand around crying and demanding that people fix stuff.

How noble.

Bush is teh debil.

Here in the Sahara Desert, I insured my Icy-popsicle against melting, for $7 bajillion dollars, and the bastages are denying my claim.

Hey Shadowrelm. I hear ya buddy.

Vote Roosevelt next time!

I hadn't realized Clinton forced insurance companies to include flood insurance as part of regular homeowner's insurance. I also didn't realize that Bush had control over the insurance companies. Oh wait, Clinton didn't and Bush doesn't
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that is because you are uneducated. you do not pay attention.

THIS addministraition signed a bill that allowed insurance companies to seperate water damage from windstorm damage as a result of a natural disaster.

before the bill was signed, if a hurricane hit your home, but didnt do any structural damage, but rising water from the hurricane destroyed your house, your natural disaster clause in your insurance contract covered it.

now it does not.

as a result, over 70 percent of the people in new orleans, and a few thousand people here in shouth florida have NO COVERAGE for their homes that were destroyed by hurricane katrina. their houses survived the storm, but succumbed to rising water as a result of the storm.

the bill was signed, and little was mentioned about its impact on the consumer.

the people how paied attention went out and paid for a seperate flood policy, even if they were not in a flood zone. the people who didnt are standing in line at the banckrupcy court.

you are absolutly uneducated in this matter. this addministriation allowed this to happen, knowing full well the intent was to eliminate a good 70 percent of the libility to insurance companies from storm damage coverage.

and put that liabnility on the backs of the people who had NO IDEA they neede additional coverage as a result of this bill.