Housing Lift Proves Fleeting

“Existing-home sales dropped 3% to a seasonally adjusted 4.91 million in September, the National Association of Realtors said Thursday. That followed a sales bump in August, as the housing market remains stuck in neutral despite lower prices and interest rates at near-historic lows.

Meanwhile, a Labor Department report hinted at modest growth in the job market, showing new claims for unemployment benefits dropped by 6,000 last week to 403,000.

The national median price for existing homes fell to $165,400 in September, a 3.5% drop from a year earlier, the Realtors association said. Housing inventory fell last month, leaving the equivalent of an 8½-month supply at the current sales pace. That means it would take about that long to sell the current inventory.”

Bring the rates back down. Until unemployment claims fall down.

Underemployment Rate: 17.40% for Oct 17 2011

“Underemployment Rate is at 17.40%, compared to 17.50% yesterday and 18.30% last year. This is lower than the long term average of 18.87%.
Value One Year Ago: 18.30%”

When all are said and done and dead
Does he tax you the way that they do
Breathing in lightning tonight’s for fighting
We feel the hurt so physical

Think twice ‘fore you touch our checks. Come around and you’ll feel the burn
Think twice ‘fore you touch our checks. Come around, come around no more
Think twice ‘fore you touch our checks. Come around, I’ll let you feel the burn
Think twice ‘fore you touch our checks. Come around no more

They spreads their love, then burns it up
We can’t let go We can’t get out
We said enough, enough right now
We can’t let go, We can’t get out.

Wait till the day you finally see they’ve been here waiting patiently
Crossing their fingers and their t’s. You cried on their shoulder begging please
Think twice ‘fore you touch our checks. Come around, I’ll let you feel the burn
Think twice ‘fore you touch our checks. Come around, come around no more
Think twice ‘fore you touch our checks. Come around, I’ll let you feel the burn
Think twice ‘fore you touch our checks. Come around no more

They spreads their love, then burns you up
We can’t let go We can’t get out
We said enough, enough right now
We can’t let go, We can’t get out.

What is it you really want? We’re tired of asking!

When we showed up and he was there we tried our best to grin and bear
And took the stairs but didn’t stop at the street and as we speak we’re going down

They spreads their love, they burns you up
We can’t let go We can’t get out
We said enough, enough right now
We can’t let go, We can’t get out.

Think twice ‘fore you touch our checks. Come around, I’ll let you feel the burn
Think twice ‘fore you touch our checks. Come around, come around no more
Think twice ‘fore you touch our checks. Come around, I’ll let you feel the burn
Think twice ‘fore you touch our checks. Come around no more

Another week, another round of saving.
Pay. Tax. Save. THEN spend
If you aren’t putting forth the capital now
That snowball won’t ever build, much less picking up the proverbial dirt with its weight

We’ve all built snowballs that eventually become so heavy with their weight
That picking up the snow turns into picking up snow along with dirt
Then you’ve got to go in and pack nice clean snow around
So the snowman looks presentable…
Then maybe spread the snow around so your parents don’t see the damage to the lawn

Saving is building the snowball
The weight is your cumulative effort
The dirt is the eventual earnings you cannot see when initially building the snowball
Use additional savings or earnings to round out the appearance
Use what you were savings or the earnings and spend them to cover the damage

Then build another snowball
Or maybe an igloo (Later Post)

Where can you cut costs? Big ticket items (rent, car, food, and phone/TV), routine costs
Where can you put savings? Roth, IRA, THEN taxable accounts (Don’t forget emergency fund)
What do you invest in? Index funds, straight up S&P 500 (Warren Buffet’s Recommendation)
What to avoid? If you’re under 50, fixed income (interest rates no good, target date retirement funds, funds with high fees)
When should you start? As soon as you get a job
Should I wait til I can afford to save? Tax man wants his end regardless, so do your savings…and your savings have a lot greater impact in the long term and very little enforcement mechanism, the only real defense is your action

Can’t I have any fun? Yes, that is what a budget does, over time, the control you gain over spending allows you to, eventually, spend your income on what you enjoy

“And so we remained till the red of the dawn began to fall through the snow gloom. I was desolate and afraid, and full of woe and terror. But when that beautiful sun began to climb the horizon life was to me again.” Bram Stoker

“Earth teach me to forget myself as melted snow forgets its life.
Earth teach me resignation as the leaves which die in the fall.
Earth teach me courage as the tree which stands all alone.
Earth teach me regeneration as the seed which rises in the spring.”
-William Alexander

“For once you have tasted flight you will walk the earth with your eyes turned skywards, for there you have been and there you will long to return.” -Leonardo da Vinci

“Vanity is as ill at ease under indifference as tenderness is under a love which it cannot return.” -George Eliot

/Commence the Friday dance
Thor Dance