Lower Rates, Higher Foreclosures

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It’s funny how I mentioned there were little news in the real estate market. That was until the Feds reacted to lower rates.

In this  post from Calculated Risk, quotes Mathew Padilla saying: “We are nearing historic lows on these rates”. Will the fact that some lenders offering low rates of 5% for a 30-year fixed mortgage with a one-point fee on a conforming loan, which is up to $417,000 kick start the economy? It’s hard to tell yet.

With  Californian foreclosures on the rise, the measures taken haven’t fully contained the problem. And judging from the increased level of spam from lenders I am getting, we are not out of the woods just yet.

Internet TV = Freedom and Education

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Watching shows on  Miro from the Internet is the freedom I wanted when I watched TV but couldn’t chose.

With TV you have little choice but what is available and depending on whether you pay for premium channels or not. Though Miro doesn’t get everything that’s on TV and it being free, most of the shows are either indie productions or scientific. I’ve been watching a lot of NASA shows and other educational from Discovery. The great thing is I can download what I want and watch it when I want.

It’s really amazing to see what scientists are doing without much being reported on the news. While the battles rages with what politicians are saying and often won’t do, many scientist quietly work away making our lives better or revealing hidden secrets of the universe. It really makes you respect these people. When I watch the latest blurbs of how the Clintons are having it with the Obama clan, and much the same on the other side, it is sad to think these people will be our leaders tomorrow. Watching scientist with great educations making breakthroughs, working together with different cultures, it makes you wonder why we are shackled by politicians.

Watching these scientist gives me hope that people will eventually say: “Enough is enough.” with politicians. Either shape up or let others do something about making our lives better. I’ve develop an even greater respect for scientists watching these shows. And, it keeps me focused on relevant things instead of sterile political debates.