Monday, June 09, 2008

OIL AND HOUSING

Well, last week was a tough week, wasn't it? Oil is pushing up close to $140 a barrel; foreclosures are up in some markets; FHA seems to be the lender of choice for homes due to its interest rate for every borrower, no matter what their credit score is.........

All three of those are "dings" on the market. And they are, indeed, slowing things. However, there's always an answer. http://johncmartin.com has answers.

Move to Tyler, Texas. That's the answer. Drive five or ten minutes to work, rather than an hour where you are. Buy a home or a ranch for the money that's a small percentage of the one you live in. Put the rest in the bank. Work in your garden, or go fishing.

Are those not "answers"?

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