Almost half of all mortgages underwater by 2011 – See how

Austin Kilgore wrote an article about predictions from Deutsche Bank concerning the mortgage market and the financial position of homeowners. While we certainly saw mortgage blues on the horizon well before the summer of 2007, Kilgore’s article shocked even us.

Continue reading Almost half of all mortgages underwater by 2011 – See how

Bob Seger explains buying on credit

When I returned from a trip on Friday, Bob Seger’s Against the Wind was playing. I sat listening to the lyrics after I parked the truck. It seems funny, I started the truck on Saturday and “Against the Wind” was playing again. I looked at the dash where the CD player would be and realized I was in my old truck and didn’t have a CD player. Almost exactly 20 hours later, the same song was playing on the radio, parked in my driveway almost exactly where I left off the day before, an omen, a subject or the mood.

Continue reading Bob Seger explains buying on credit