Morning Reads for Tuesday, November 8

November 8, 2011 7:00 am

by saba · 4 comments

Here in Georgia…

National stories of interest…
A few that I like…
  • Praise God for He guides the football to my wide receiver for a touchdown. Of course this link is about Tim Tebow.
  • RIP Joe Frazier. “Boxing is the only sport you can get your brain shook, your money took and your name in the undertaker book.”
  • I prefer my men clean shaven although I am known to make an exception from time to time if it’s done right.
Bridget November 8, 2011 at 7:29 am

The the #5 woman article ::

“She said she didn’t witness any “inappropriate sexual behavior” at the group dinner. But she claimed he asked the waiter for two $400 bottles of wine, and then stiffed the rest of the group when it came time to pay.”

I’ll admit this article is grasping at stirrer straws, but I think the woman is really saying “errrbody got a cup, but they ain’t chipped in.” Oh c’mon – it’s funny.

Nathan November 8, 2011 at 9:14 am

In the same vein as the GQ article, here’s an article from the Art of Manliness on using a safety razor to shave rather than the n-blade monstrosities:

http://artofmanliness.com/2008/01/04/how-to-shave-like-your-grandpa/

Ed November 8, 2011 at 9:26 am

That shaving advice from GQ is actually pretty bad. Most of it is good actually but there are some big problems with it. Still not a bad place to start learning, but it’s the first step to a good technique.

John Konop November 8, 2011 at 9:30 am

Below is why Charlie and I have proposed multiple different solutions to the housing crisis. This is a key cornerstone issue we must tackle for the economy to recover. This is why I proposed interest only assumable loans for up to 10 years for 4% on government backed homes that are in default for qualified buyers with jobs and proper income to debt ratios. Also we should allow qualify buyers to put needed up-grades for the abandon homes in poor condition. I realize it seems strange since I was the one that warned about interest only lending fueled with CDS would hurt our economy years ago. The difference now is values are down, it is focused on government backed inventory in default, as values drop we are creating more defaults and the job market stinks now. The above solution deals with the problems we are facing.

Nearly 29% of mortgaged homes underwater, report finds

…..The rising percentage of homes with “negative equity” or “underwater” status is due largely to how long the foreclosure sale process takes rather than home value fluctuations, said Zillow chief economist Stan Humphries. Prior to the “robo-signing” scandal around foreclosures that came to light in 2010, the negative equity rate hovered in the 21 to 23 percent range, but has been in the 26 to 28 range since due to added delays in foreclosure sales. While the rate of foreclosures is dropping, the time required for foreclosures to sell has lengthened.

“We’re in uncharted waters,” Humphries said in an interview. “More than one in four homes underwater and about 9 percent unemployment is a recipe for more foreclosures.”…

…..In several cities, more than half of all homes with mortgages are underwater, including Phoenix (66.2 percent), Atlanta (58.7 percent), ….

http://bottomline.msnbc.msn.com/_news/2011/11/08/8687925-nearly-29-of-mortgaged-homes-underwater-report-finds

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