Some folks think the economy might totally crash. Right now County Wide is the biggest mortage lender in America and they are in trouble with all the subprime morgages, and they had borrowed a lot of money from Bank Of America which is the largest bank chain in the United States, so Bank of America has bought out Country Wide and is attempting to save it because if Country Wide goes under, so will Bank Of America because they had lent all that money to them. The real estate bubble has burst atleast for now and between the morgage crisis and deflating values hardly anyone is buying, so people are losing serious money all over the country with these homes they can't get sold and their equity is disappearing. Also it is predicted the stock market bubble might burst as well in the coming months. Lets not forget higher oil prices to come as well. It is predicted that if all this happens we will see a depression far worse than 1929. Personally, I don't see how land could double and triple in price from what it is now because its already to the point where people can hardly afford it. inflation has been outpacing wages for awhile now. Back years ago people bought their farms cheap and during their farming careers land went up up up, making them millionaires, but I don't see this happening again.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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