Cirrus satellite radio which is installed on our newly purchased car is not free after all. $240 per year. There is a discount if you buy 2 years. $420 for the two years. Now what do we do?
Grasshopper No.2 sold her house at an opportune time (that is a good thing). The term “bubble” is beginning to creep into more discussions. The cost to finance a home is probably as low as we are going to see. Mortgage rates are under 4%. Rates that low, encourage people to buy a new home now because they can afford the payment. Whoops! Because rates and payments are so low, it encourages people to buy a home that is more expensive than they can afford. When interest rates begin to rise (and they will), there will be people owning homes that they cannot afford. The “bubble” occurs when people try to sell the home they over-extended for and find because of rising interest rates, nobody can afford to buy.
Your Mom and I had lunch at the recent Kruschke reunion in Moorhead, Mn. with a relative. He had bought a home near Las Vegas because his wife had COPD (Nevada has dry weather). He paid close to $400,000 for a home in a new development. It was purchased before the financial crisis of 2006. His wife has “passed on” and he wants to sell his home. He can’t find a single interested party for $290,000 or even less. That is an example of a “bubble”. Be aware of “bubbles”. Just saying!
I see that Clay Matthews and Julius Peppers of the Green Bay Packers are being investigated for use of performance enhancing drugs. If they don’t cooperate, they will be suspended indefinitely by the League. Now there is a picture. The Packers could begin the season without the two best outside defensive ends in the league. If it isn’t an injured Jordy Nelson, it is drug accusations. It is tough to make a buck! Even ownership of the Packers comes with risk!
Packers Thurday night. Lambeau. Oakland Raiders. Matthews and Peppers probably wouldn’t have played anyway.
Love,
Dad