Some Reactions

Whether you watch current events with fear or amusement depends on your politics and the state of your bank account I guess, but in this charged campaign environment we're all a little like Alice in Wonderland where nothing is exactly as it seems. The politicians talk to us as if we're all gullible and simple twits, and since we put them in office with regularity, perhaps they're right. The State Of The Union message tells us that the government is going to hand out some money to save us from our reckless spending habits, which should solve the housing problem pretty well, and other than that, things are going along pretty well apparently. At least from Presidential perspective. We see that the Kennedys have not endorsed the Clintons. These two families, paragons of virtue both, simply don't like each other, and with so much in common you would expect them to be more supportive. One family acquired it's wealth from bootlegging during prohibition and the most vocal of the group is a drunk who ran and hid while his girl of the moment slowly drowned while trapped in his car. The other is a consummate liar who perjured himself in court and lied to us and investigators about his affairs, and horror of horrors, he was messing around on company time. Power does strange things to people. Remember Gary Hart? He was going to be a candidate for president and had a woman problem. Essentially he told the press to catch him if they could. So they did. There were some really great pictures of him with his sweetie on his lap sitting on a boat. Great enough that he decided he didn't want to be president after all. Don't know what his wife did to him. It's amazing really that people we wouldn't allow in our living room, and surely wouldn't want hanging around our kids,we put into positions of considerable influence. Speaks to our resilience I suppose that we survive these disastrous decisions, but future generations are really going to have a tough time bailing out.
News on the mortgage front has the FBI descending on several lenders to investigate their behaviour. It would be easier to hear them approaching and closing the barn door if it weren't for the deafening sound of the horses hooves disappearing in the distance. If you do happen to hear the barn door closing, I'll bet you anything you won't hear any jail cells slamming on the likes of the Countrywide crowd and their ilk. It really is an election year, and appearances are very important to politicians. Looking like you're doing something is just as good as doing something, except for those of us with real jobs.
For the stuff I should be talking about, mortgages and real estate, our local market is in pretty good shape. Interest rates are quite low, buying interest is picking up and with a ton of mortgage programs to pick from we can place almost anyone in a home. The capacity to pay is the major criterion. We're a certified CalPERS lender, so for those members there are some significant mortgage advantages we can bring you, and for everyone else the opportunities are also out there. The Chico housing market is reasonably active, the Orland market is not. Nothing meaningful in this, it's just the current state of affairs. We're still excited in our offices, maybe because we're a segment of the gullible twit group, but real estate and real estate mortgages are fun and helping people with them is exciting.
If I've offended any politicians with this blog; good. For everyone else,
as usual,
thanks for visiting.