Month August 2007

The coming mortgage drought

Comments from readers of Housing Bubble Blog “Wells Fargo just raised the interest rate on their jumbo mortgage to 8% this morning. Last week the rate was 6.78%.” A jumbo is any mortage above $417,000. As an example, let’s say…

UN issues desertification warning

Tens of millions may be displaced within the next ten years by desertification, says the UN, calling it an “environmental crisis of global proportions” Overuse of land, unsustainable irrigation, and climate change are the primary causes. When millions migrate, it…

We’re moving to a new server

Tonight, Sat. Aug. 4, Polizeros will be migrating to a High CPU server at Bluehost, where we’ll have lots more bandwidth. So, you won’t be able to access the site for anywhere for an hour to a day, depending on…