On just a couple of blocks in Chula Vista, CA, multiple homes are for sale. Given many have the same square footage, they probably have the same floor plans. Those who bought a few years ago have a paper profit of $200,000 -300,000. But wait, several homes in the same area were bought recently with 100% financing, no money down, and one is already in foreclosure with apparently no payments ever being made. Looks like the flipping flopped.

So when the foreclosed house sells for $150,000 less than similar homes nearby, and it will, the value of those homes will take a hit too. Worse, the homes for sale are basing their sale price on that of the 100% financed homes. And that’s just not sustainable, or even realistic, is it?

Bubble Markets Inventory Tracking has full info and is a solid resource for tracking the now deflating real estate bubble. No, it’s not happening everywher. But areas where speculation got insane is where pain is now. D.C. and South Florida condos. Phoenix. Las Vegas. Parts of southern California. This shakeout is just now taking hold too.

1 Comment »

George Monbiot charges that infatuation with the 9/11 conspiracy film Loose Change turns opponents of the Bush government into “gibbering idiots.”People believe Loose Change because it proposes a closed world: comprehensible, controllable, small. Despite the great evil which runs it, it is more companionable than the chaos which really governs our lives, a world without destination or purpose. This neat story draws campaigners away from real issues — global warming, the Iraq war, nuclear weapons, privatisation, inequality — while permanently wrecking their credibility.

What poor ignorant fools they are. The truth is - the 9/11 theorists don’t go FAR ENOUGH. Why have NONE of them spoken of the space aliens who telepathically commandeered the planes, causing them to crash??? Only the DELIBERATELY BLIND will not see the space aliens were acting on behalf of their OVERLORDS in the FEDERAL RESERVE and WALL STREET who made BILLIONS from it and who are TIGHTENING their control on all of us. In fact, by NOT REVEALING the OBVIOUS TRUTH, the 9/11 theorists clearly show themselves to be PART OF the conspiracy they pretend to uncover. (Wiping foam from mouth…)

Hundreds of scientists with no axe to grind as well as CounterPunch have conclusively shown that the Twin Towers and Pentagon damage happened because planes hit them. That the evidence is consistent this, and not with some bizarre conspiracy that tens of thousands participated in for no apparent motive will, of course, not dent the skulls of the 9/11 theorists. That’s the weakest link in their long chain of flimsy logic. What’s the motive for US government to destroy the Twin Towers? Answer. There is none nor do they present a motive. Apparently they can’t believe that a handful of Arabs and Muslims could have done it alone, so therefore it must have been a massive conspiracy involving all levels of US government - which is a racist and elitist assumption, America as the superior power.

There are plenty of real injustices and problems out there. So why waste time with 9/11 conspiracy garbage which deflects potentially useful energy into unproductive back channels where it accomplishes nothing. Predatory capitalism and global warming are two obvious problems which need attention now. Not half-baked 9/11 conspiracy theories.

14 Comments »

Earthship Biotecture designs and builds homes that…

Heat and cool themselves naturally via solar/thermal dynamics…
Collect their own power from the sun and wind…
Harvest their own water from rain and snow melt…
Contain and treat their own sewage on site…
Produce a significant amount of food…
And are constructed using largely the byproducts of modern society;
like cans, bottles and tires.

Earthfamilyalpha has more. This is both visionary and highly practical stuff. Some of their homes are off the grid completely.

No Comments »