The Law of supply & demand dictates our market.

The persistent press dictates peoples atitiude.

The auto industry will build 20 million cars this year for a market that will only sell 8-10 million.
That’s a buyers market!

http://money.cnn.com/2009/01/26/news/economy/job_cuts/index.htm

Bloody Monday: Over 71,400 jobs lost
Seven companies announce massive job cuts in a scary start to the week.

They list each corporation laying off in the USA in 2009, and the tally to date. Trying to search for an industry type pattern buts it is broad based ie retail, finance, telecom, pharmceuticals, aerospace. Guess the real challenge is to find a group not representated on here.

Pepto Bismo anyone? (At least Proctor and Gamble dodged this weeks list)

Realistic real estate values should be compared to values from years that reflected reality. By this I mean values based on a fair and reasonable price to have a roof over your head based on income. Taking out speculative percentages – fueled by greed and compounded by instant gratification desires for unecessary “today’s style” luxury nonsense – gives a much better picture of the true value of a home. For that go back at least 5 years or more.

Denis

Joren, where did you get the 15 weeks from? If someone is laid off and they have worked 900 hours during the last year of employment, they will get I believe, at least 8 months of EI. If at the end of their EI cycle, they enter into a training program, their EI is extended for the duration of the program and a few weeks after.

I would never tell someone to ’stick with renting’. Renting to me is like flushing away money. You pay someone’s mortgage (plus profit)for them and years of renting gets you what? Certainly no equity. If housing prices are down (haven’t seen it here yet) then now for anyone with a stable income, is the time to buy.

For those who do get laid off, your first line of defence is to make an appointment post haste and TALK to your bank manager. If you are a client in good standing, you can with your manager’s help do a few things, you can consolidate your debt and even arrange to pay interest only on your mortgage sometimes up to a year. Banks really don’t WANT your house and will work with you. If it turns out you are truly in way over your head, that gives you time to liquidate some of your assets before you lose it all needlessly.

On the other point, if you are considered high risk by a bank, then yes, your down will be larger.

Leasa

MPs don’t sell houses. — Garth

Thanks for that info.
Yes, hydroponically sound good but for my space and $ situation. But for some others it sound good.

Thanks for the information on seed storage.

I always figured we as Canadians could just keep our oil in the ground or trade it amongst ourselves.

That is not the case in S/W Ont. The oil bearing structure under ground is a huge saucer that underlies L.P. Michigan, Lake Huron, and S/W Ont. If we stop pumping then the American companies will be sucking out some of what would have migrated to us. Also this field is a candidate for secondary or tertiery recovery methods like pumping water down hole to repressurize the structure. It also leads me to believe that if holes were drilled into the deepest part of the saucer under Lake Huron then water could flow downhole naturally by gravity eliminating the necessity of expending energy to a pumping project. It is also far less complicated than the fire flooding method. BUT, it requires a negotiated joint effort by all those companies who will benefit and by the governments who collect royalties from the subsequent increased production to plan, fund and participate in this project. I am not aware of the full extent, but this may also include Lake Michigan, and ILlinois/Wisconsin, too! The only safe guard required is that the water is fed through a downhole casing to below the oil so that no oil escapes up hole into the Great Lakes concerned. The technology is simple and exists now.

Those are foreclosures being sold. — Garth