"The fabric of our lives".... Our Credit Scores?

230330 — Wed, 20 May 2009 13:38:00 GMT

Wow.

Where we live and how we live....What drives us? Are we, each of us, the sum total of our credit scores? These scores affect our ability to rent a car, acquire and keep property and casualty insurance...open a bank account...and for 32% of all employers, the ability to choose the "best" candidate for the job. (?)

Mortgage reform, led by appraisal reform, is now followed by credit card reform....

According to USAToday, the Senate gave the House permission to work on a bill that would limit credit card companies' ability to raise lending rates without providing a clear cut understanding of why the rates were raised, and how to return to a lower rate at a future time....

President Obama requested this action, and is therefore expected to sign this bill into law....Opposition states that more than 5,000 people may lose their jobs....Well, so what?

Their employers are engaging in predatory practices....Not the employee's fault, and it affects us all...millions of us, on a daily basis. Should we do what's right and lose a few jobs? Uh, yeah.

Unfotrtunately, cotton has been replaced by your credit score as "the fabric of our lives"....

When it's time to decide where you should live, should we talk?

Has the market hit rock bottom?

230330 — Wed, 04 Feb 2009 21:24:00 GMT

Has a bottom in real estate been reached? Well at least some buyers think some. The National Association of Realtors reported today that The Pending Home Sales Index rose 6.3% to 87.7 in December from a revised reading of 82.5 in November. What happened? Homes are simply becoming more affordable. NAR's House Affordability index rose 10.9% in December to 158.8, the highest since NAR began tracking affordability in 1970.

Lawrence Yun, NAR chief economist, said the pending home index shows a modest rebound. "The monthly gain in pending home sales, spurred by buyers responding to lower home prices and mortgage interest rates, more than offset an index decline in the previous month," he said. "The biggest gains were in areas with the biggest improvements in affordability."

Now, on to our real estate investing section...www.dowelltaggart.com....

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"The fabric of our lives".... Our Credit Scores?

Has the market hit rock bottom?