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1.1 million last year. I hear predictions of 1.3-1.5 million this year. GW’s heart was in the right place when he wanted to get more working class people into homes, even if it didn’t make economic sense…or is that cents?
A good joke always reminds you of another… Gary Larson had a “Far Side” cartoon with a giant tree on its side, and Dad, chainsaw in hand, is pointing out to little Jimmy, “…and this ring shows where the old fellow survived a forest fire…”
Every time I hear about foreclosures, I remember when banks used to have loan officers whose job was to review all loan aplications, decide who was a good risk, and turn down the others.
If those precautions had still been in place, I doubt if we’d have all these foreclosures.
Major harvest of redwoods was for grape stakes. (then of course those high value decks and fences- pluse hot tubs) Considering it only takes 2,000 years to grow one to maturity, what would be the “sustained yield” model to replace what we cut? Oops! We blew that one.
Every time I hear about foreclosures, I remember when banks used to have loan officers whose job was to review all loan aplications, decide who was a good risk, and turn down the others.
If those precautions had still been in place, I doubt if we’d have all these foreclosures.
Which is why the Great Plains states mostly don’t have a lot of foreclosures, nor a lot of problems getting loans. Most of the problems are in a handful of states–especially Nevada, California, Arizona and Florida. Which is where the home finance markets went craziest in the bubble.
comicgos about 14 years ago
QUICK! Cut it down!
thirdguy about 14 years ago
If a tree falls in the forest, and no one is there to hear it, would it still crush the snot out of everything it landed on?
Boots at the Boar Premium Member about 14 years ago
1.1 million last year. I hear predictions of 1.3-1.5 million this year. GW’s heart was in the right place when he wanted to get more working class people into homes, even if it didn’t make economic sense…or is that cents?
Sandfan about 14 years ago
Having your heart in the right place is no substitute for having your brain make the decisions.
nickmangieri Premium Member about 14 years ago
His heart may have been in the right place but his head was up his keister.
GAMMACAT about 14 years ago
DOES NOT MAKE ANY SENSE MAKING NEW HOMES IF NO ONE AN AFFORD TO BUY THEM
bergamot about 14 years ago
OUCH. There’s a joke that hurts. What’s that they say? “There’s a little truth behind every just kidding.”
Barbaratoo about 14 years ago
I’m with you, bergamot. I was simply going to put: Yikes!
freeholder1 about 14 years ago
Shouldn’t it be an “after”closure?
freeholder1 about 14 years ago
And some of them may actually be legal.
freeholder1 about 14 years ago
The Grapes of the Wrath of Greed and stupidity.
Okie was another word everyone forgot about in History class.
autumnfire1957 about 14 years ago
Why make new ones when we have empty ones? Can’t we just move the empty ones. They’re empty they should be light.
steverinoCT about 14 years ago
A good joke always reminds you of another… Gary Larson had a “Far Side” cartoon with a giant tree on its side, and Dad, chainsaw in hand, is pointing out to little Jimmy, “…and this ring shows where the old fellow survived a forest fire…”
Destiny23 about 14 years ago
”Ooh, look at all those toothpicks!”
(Gotta see the Big Picture…)
BloomCo about 14 years ago
We don’t even use our natural resources ourselves. Lots of those trees go to Japan.
Justice22 about 14 years ago
,,,,, “or make 500,000 pairs of chopsticks.”
CogentModality about 14 years ago
freeholder1 Yes, it should. So, don’t you think that if you behead someone you’d be giving them another head. Bejeweled?
Cmlbx about 14 years ago
You can’t get a loan unless you prove that you really don’t need it!
Can't Sleep about 14 years ago
Every time I hear about foreclosures, I remember when banks used to have loan officers whose job was to review all loan aplications, decide who was a good risk, and turn down the others.
If those precautions had still been in place, I doubt if we’d have all these foreclosures.
Dtroutma about 14 years ago
Major harvest of redwoods was for grape stakes. (then of course those high value decks and fences- pluse hot tubs) Considering it only takes 2,000 years to grow one to maturity, what would be the “sustained yield” model to replace what we cut? Oops! We blew that one.
Dichotomous about 14 years ago
In Florida it would have been 5!
freeholder1 about 14 years ago
So my dual grapes of wrath reference finally got to SOMEBODY, dtrout!
bmonk about 14 years ago
NightShade09 said, about 4 hours ago
Every time I hear about foreclosures, I remember when banks used to have loan officers whose job was to review all loan aplications, decide who was a good risk, and turn down the others.
If those precautions had still been in place, I doubt if we’d have all these foreclosures.
Which is why the Great Plains states mostly don’t have a lot of foreclosures, nor a lot of problems getting loans. Most of the problems are in a handful of states–especially Nevada, California, Arizona and Florida. Which is where the home finance markets went craziest in the bubble.
Trebor39 about 14 years ago
Cut all the Redwood Trees down except one so that people can see it.
SaunaBeach about 14 years ago
You’re a sap if you believe ANY of this!!
treered about 14 years ago
didn’t RR say something to the effect, you only need a few trees by the road so people can stop and take a picture… ?
rockngolfer about 14 years ago
bmonk, One of my relatives was approved for a loan with payments of $1400 a month, with $12K down.
She coudn’t make the payments, so she lost the house.
She moved into an apartment for $775 a month and couldn’t make the rent.
So what loan officer figured out that she could pay almost twice as much as she could afford? Something fishy, I think.
hitman4cookies about 14 years ago
Let’s not forget RR’s warnings about the worst environmental threat of all: TREE POLLUTION!
MatureCanadian about 14 years ago
Wiley, right on the money as usual. Great social commentary folks.
S_T_F_U about 14 years ago
But I thought we all have the right to government subsidized housing?!?!