WE ARE NOT IN A RECESSION

[Shamus]

As T.Boone Pickens says...natural gas is too valuable to burn to make electricity.


shamus

[lazs2]

bgbmaw..  I don't know about there but here.. it is a renters dream..  houses for rent at former apartment rates.  Why would the bank kick out all the renters?  what they gonna do.. just leave it vacant? or bulldoze it?

the real problem for renters is the pent up demand that will come because of so few housing starts..  everyone got to live somewhere...   I own a duplex and more and more people are wanting to rent from me no matter the cost.   I don't work that way..  I don't ever raise rent except as the cost to me goes up.

I never did fall for the "house as an atm" scam anyway nor did I think that a million dollars was a reasonable price for a duplex..  I didn't sell because they wanted that same million for some crap hole in the country.

I will wait till everything stabalizes and.. being investment property,  mine goes up faster than the country, then I will sell and by a little place away from the hand wringers and panic mongers and socialists.

lazs

[Baitman]

Correct they are making more and more gas to electricity plants, but right now the natural gas is very abundent, they can also burn coal bed methane also.

There has been few nuclear plants built in the last 30 years because of the fear of another three mile island or chernoble. A few months ago though I was reading that green parties are realizing that nuclear can be clean and green.

 

[angelsandair]

Interesting that you mentioned' that.

As technology in the petroleum industry advances, with new drilling and extraction techniques, Formations' that have been known to exist for a long time, but have been previously inaccessible, can now be used.

However, there are things' we could do in our economy to simply reduce the demand, and stretch our reserves still further. For example...This country brought Nuclear power to the rest of the planet, And I don't think there's really any argument that it did. We've been using Nuclear reactors' in both Military and Civilian applications' for over 50 years' now.

And the newest power plants' built have to burn Natural Gas?

A nuclear power plant can be built to be safe. They can be controlled. They won't use the Petroleum we need for other things. And...If there's no petroleum need from a Nuclear power grid, What do you suppose the impact on Oil prices would be? The supply that normally goes' to power production would go to other things...Plus, we would be making a large step back towards self-suffiency in our economy. Nuclear plants don't burn Middle-Eastern oil or gas, remember.

If we had made the move to using Nuclear power for our grids here in the U.S. like they thought we would in the '50's, we coulda kept the sheiks' in Saudi Arabia by the short-hairs. Instead, It's now the other way around.

Nuclear power had gone down because of 3 Mile Island and Chernobyl. But Nuclear power could be out ticket out of this oil crisis thing... I think in the 1970s, in the first "Oil Crisis" the Europeans were working on Coal Driven cars or something like that and in Saudi ARabia, gas went to 8$$ a gallon or something... I sense, that's what's gonna happen here... 

That's another thing Congress and the Left-Wing nutts dont want us to have, is Nuclear Power. Because it "causes too much pollution" when it causes like 10% of the pollution that coal does (maybe less)

[Baitman]

Nuclear power had gone down because of 3 Mile Island and Chernobyl. But Nuclear power could be out ticket out of this oil crisis thing... I think in the 1970s, in the first "Oil Crisis" the Europeans were working on Coal Driven cars or something like that and in Saudi ARabia, gas went to 8$$ a gallon or something... I sense, that's what's gonna happen here... 

That's another thing Congress and the Left-Wing nutts dont want us to have, is Nuclear Power. Because it "causes too much pollution" when it causes like 10% of the pollution that coal does (maybe less)

Rudolf Diesel the designer of the diesel motor enginered it to run on among other thing COAL

[Fulmar]

That's another thing Congress and the Left-Wing nutts dont want us to have, is Nuclear Power. Because it "causes too much pollution" when it causes like 10% of the pollution that coal does (maybe less)

1 in 2 statistics are made up 47% of the time.

[Holden McGroin]

That's another thing Congress and the Left-Wing nutts dont want us to have, is Nuclear Power. Because it "causes too much pollution" when it causes like 10% of the pollution that coal does (maybe less)

The only things that come out of nuclear plants is electricity, heat, and spent fuel.  For coal, about twice the co2 per unit energy than natural gas.  But coal and natural gas we can F-T liquify to make gasoline and diesel to power our cars.

If we reprocessed spent nuclear fuel (like France does) we could reduce the spent fuel to a much smaller level problem than what there is now.  It really is not the problem we have made it out to be.  The biggest problem with nuclear power is the ignorance of the populace and the lack of leadership to bring us out of that ignorance.

[Hangtime]

 ....then I will sell and by a little place away from the hand wringers and panic mongers and socialists.

lazs

Damn, Laz... you planning on immigrating to China ?

 

Hang

[lazs2]

naaa.. but if you move even a little ways out.. even in kalifornia.. they are so busy watching each other and picking over each others bones that they pretty much don't have time for you.. the watchers are so busy being watched by other watchers that they are in a frenzy.



lazs

[crockett]

i captured this last 3 days driving from Tx to Ontario, i don't know if you guys have inflation or depression, but the cost of living in midwest/west south central from Texas,AR,Mo,IL,IN is very low comparing with Canada , Europe,Japan.  Billboards advertising new houses from 90K-120k in TX, but i seen same prices all over midwest.  You can't buy a new house/townhouse or condo in Ontario for that price range. The price of groceries is also lower in US,: lots of peoples from Windsor  are crossing the bridge to Detroit for shoopings.
 Canada is #1 exporter of oil to US .....and look at  our gas prices, ..

San Antonio ,TX
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south of Austin,Tx
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gas price Rockwall ,tx east of Dallas,  3.89$/gal
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gas price south of Sikeston,Missouri ( the lowest i seen 3.75/gal)
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south of Detroit,Mi
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what i payed for gas today here in Windsor,Ontario  1.33CAD/L x 3.7 L/G=4.9cad /gal x 0.99 usd/cad=4.87$/gal
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Texas is extremely cheap compared to much of the US. I was predicting Texas to be the next big growth state and take over Florida's place fore retirees. Well back when the housing market was sky high and before these current problems hit. Me and a friend of mine came so damn close to going out there to flip houses, but it was the start of the housing crunch so we decided to hold off. I'm glad we did now.

However even then you could find houses under $70k all day long. Austin was the most expensive place so I'd say everything was about 20% more there. I actually had the paper work done and only had to sign on a condo in down town Austin that was a half block from Town Lake (the river). It was an awesome pad in a great location, I almost still kick myself for not buying it even with this current housing crunch because it was a great location.

The biggest problem I saw with Texas even in Austin is there was just far too much open land in the sourounding areas so people could buy new houses as your billboard picture shows almost as cheap as a existing house. So it was kind of a tough market there but still a lot of great buys.

[crockett]

Last fall I did some comparisons with my current locale, Reno NV, versus my home town just outside of Charlotte NC.  While the standard of living in Charlotte was 6% lower than Reno, the median home prices were 20-30% lower than Reno, and cost of living was 8% lower than Reno.  Charlotte also still boasts an unemployment rate of approx. 3%, and is the only major housing market to see an increase (2%) in new home sales in the 1st quarter 2008.  From talking to family back in God's country, I know that fuel prices, while high, are still lower than Reno.

So, in sum, I'd assume that some of those home prices in Texas probably represent a very affordable home, even in a rural home market, with an overall lower standard of living.  In the end, you still save money...

Na, man as I posted I went to Texas and checked around in both Austin and Dallas.. Houses are just cheap out there because they never got a big housing boom. The prices reminded me of Florida about 10 to 15 years ago. Back then I bought a house was a 3 bdrm,2bth,2 car on a corner lot with a privacy fenced in back yard. The house had a minor fire in it so the entire place had been gutted and redone, talking new bathroom new kitchen the whole 9 yards. I paid $54k for it when I was 21. Today that same house had a tax appraisal value of $175k.

This was in Brevard county were some of the highest paid jobs are in Florida because of the tech industry. That place is second only to silicon valley in the amount of high tech companies. It's just Florida had cheap houses for a long time, Texas is the same way but for what ever reason Florida's prices went through the roof the last 10 to 15 years and Texas houses didn't.

Just on the flip side though, just for the hell of it I was looking at prices in Detriot and you could liturally buy houses fot $100. They may or may or may not be burt down..   

[indy007]

Texas is extremely cheap compared to much of the US. I was predicting Texas to be the next big growth state and take over Florida's place fore retirees. Well back when the housing market was sky high and before these current problems hit. Me and a friend of mine came so damn close to going out there to flip houses, but it was the start of the housing crunch so we decided to hold off. I'm glad we did now.

However even then you could find houses under $70k all day long. Austin was the most expensive place so I'd say everything was about 20% more there. I actually had the paper work done and only had to sign on a condo in down town Austin that was a half block from Town Lake (the river). It was an awesome pad in a great location, I almost still kick myself for not buying it even with this current housing crunch because it was a great location.

The biggest problem I saw with Texas even in Austin is there was just far too much open land in the sourounding areas so people could buy new houses as your billboard picture shows almost as cheap as a existing house. So it was kind of a tough market there but still a lot of great buys.

The time has never been better to snatch up rental properties.

[crockett]

Well, this may sound kinda, probably really cheesy but here it is from my point of view...

It takes millions of years to make oil (lets say 1 million years...) well, 1 million years ago this second, something died and probably helped make another small amount of oil.  It seems kinda stupid, but since that's what they tell us, there's got to be more oil in the making in the older dried up oil wells (hopefully, and if not, other places).

Okay, now that we're done with my dim view on how oil is made, Alaska has tons and tons of oil that we cant access either. China and Cuba are horizontally drilling 50 miles off the coast of Flordia when we cant touch it. 90% of this oil problem is Congress's fault. They got approval ratings in the single digits (last I checked 8 or 9%  )

You guys crack me up.. It was Bush Sr. who put the ban in place but now because Bush Jr gave a speech it's all congresses fault. Some of you are worse than the sheep the bish are always molesting in the MA's.

[crockett]

Interesting that you mentioned' that.

As technology in the petroleum industry advances, with new drilling and extraction techniques, Formations' that have been known to exist for a long time, but have been previously inaccessible, can now be used.

However, there are things' we could do in our economy to simply reduce the demand, and stretch our reserves still further. For example...This country brought Nuclear power to the rest of the planet, And I don't think there's really any argument that it did. We've been using Nuclear reactors' in both Military and Civilian applications' for over 50 years' now.

And the newest power plants' built have to burn Natural Gas?

A nuclear power plant can be built to be safe. They can be controlled. They won't use the Petroleum we need for other things. And...If there's no petroleum need from a Nuclear power grid, What do you suppose the impact on Oil prices would be? The supply that normally goes' to power production would go to other things...Plus, we would be making a large step back towards self-suffiency in our economy. Nuclear plants don't burn Middle-Eastern oil or gas, remember.

If we had made the move to using Nuclear power for our grids here in the U.S. like they thought we would in the '50's, we coulda kept the sheiks' in Saudi Arabia by the short-hairs. Instead, It's now the other way around.

Personally I don't have any issue with nuclear power plants. I live in Florida and we have more than any other state I think it's 6 or 7. There two within 1.5 hour drive from me. One in Orlando and one in Jacksonville. The deal is you guys here in the O Club love to just blame everything on liberal this or liberal that as to why there aren't any new reactors. However when was the last time you ever saw a politician push for a nuclear reactor in their state?

This is what really pisses me off about Bush. On 9/11 Bush was given the biggest open ticket this country has ever had to make the changes to country for the better and give us a very good future. Bush had the open ticket to do what was needed to close our boarders and curve the illegal immigration. He could have stood before our country and said we need to be self sufficient and make changes here at home. The American people would have stood behind him and did whatever had to be done. Hell the world would have stood behind us at the moment in time.

That is if he was a real leader.. Instead he invades Iraq because it's was the neocon thing to do and big business needed blood money. Not once did he tell the American people to get off your bellybutton and work together to solve our problems.. Instead it's war in middle east and push BS crap for the lobbyist like fuel from corn. Anything to make a buck and nothing to make any real change he has been a miserable failure to this country in the time it needed a real leader the most.

[Kaw1000]

Damn, Laz... you planning on immigrating to China ?

 

Hang

Laz won't have to worry about moving to China, The way its going, China will own us without firing a shot!