Bellingham Housing Sales Plummet

It looks like the market has finally dived into the dumpster. Sales for 2008 have dropped of a cliff and landed with a splat. It looks like the market has finally dived into the dumpster.

Sales for 2008 have dropped of a cliff and landed with a splat.

It looks like the market has finally dived into the dumpster. Sales for 2008 have dropped of a cliff and landed with a splat.

From the front of the Bellingham Herald: Bellingham Single Family Sales down 38%

Recent drops in interest rates have homeowners rushing to call local banks and mortgage lenders about refinancing. Loan applications are pouring in.

Yet, South Florida homeowners are mostly getting a big fat ''No!'' from the bank when they ask to refinance. The chief reason: Falling home values mean they owe more than their homes are worth.

This could finally be the end.

In 2009, we should see:

1. Cats and dogs living together
2. Helicopters flying
3. TEOTWAWKI
   

Light posting today ... I'm traveling. Best to all.

Comments are now open!

Ok, now any idiot can post a comment.  Please only comment if you are an idiot.

Bananas for Bonzo

As Sartre would say:

Once a banana, always a banana.

This is the problem with the current state of the fruit industry. As philosophers can philosophate, so can fruit go bad on the vine. If we cannot muster support for the troops, all is lost. But this is not the essence of goofballism.

It is the dawg that barks loudest.

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