South Florida bankruptcies up 73 percent in April

[SOH Must go]

Every person that bought in the last 5 years thats been paying (OTHER PEOPLES PROPERTY TAX FOR THEM) should be hoping that the State is sued over SOH/PORTABILITY and that the 2 tiered tax system is gotten rid of.

The SOH / PORTABILITY people that have been paying next to nothing in taxes, your so smart, look in part what you have done to the counties / cities in this state.

[BenFTL]

Sumballo wrote:

<quoted text>
You are right on.
People should not have the option of bankruptcy and just be allowed to walk away and make someone else pay for their debts.
If someone buys too much house, too many clothes, a nice car, etc. they should have to pay off what they enjoyed. It sucks that other have to pay more to cover their selfishness.

Sounds reasonable, do you extend that same standard of personal responsability to credidors like Bear Stearns, or is it ok for the fed to come in and relieve their irresponsibly generated debts?

[Ronald-RON- Scott]

For Florida foolish uneducated, but think they are smart. Here is the real meaning of recession.
A recession is traditionally defined in macroeconomics as a decline in a country's real Gross Domestic Product (GDP) for two or more successive quarters of a year (equivalently, two consecutive quarters of negative real economic growth). However this definition is not universally accepted. The National Bureau of Economic Research defines a recession more ambiguously as "a significant decline in economic activity spread across the economy, lasting more than a few months." A recession may involve simultaneous declines in coincident measures of overall economic activity such as employment, investment, and corporate profits. Recessions may be associated with falling prices (deflation), or, alternatively, sharply rising prices (inflation) in a process known as stagflation. A severe or long recession is referred to as an economic depression. A devastating breakdown of an economy is called economic collapse.
Market-oriented economies are characterized by economic cycles, but actual recessions (declines in economic activity) do not always result. There is much debate as to whether government intervention smooths the cycle (see Keynesianism), exaggerates it (see Real business cycle theory), or even creates it (see monetarism).
Contents
[hide]
1 Causes of recessions

[what-once-was]

No worries " Real estate never goes down ", or" Now is a great time to buy", now it's " We have hit the bottom ,and prices will be going up from here" Just read a story from the St. Joe Co. shill..he agrres buy now it's the bottom...Oh please, please buy now..it's the bottom really !! BUy ,now..Too funny.. House prices went up 300%,and now have dropped 25% in 3 months ,and it's the bottom?? We can't even see the bottom from here..Fannie mae just posted a 6 biilion dollar loss...if you buy now or in the market you really deserve to lose every last penny you have . Believe the hucksters at your peril. They were shouting that the market will be going up while the whole thing ws crashing..D.Lereah( NAR), AMozillo(countrywide),B.Corcor an (Corcoran grup), S.ZEll(CMG group) Almost every single majot home builder was cashing out all their stock while pumping it up..All sold out 2005-2006 ,pocketed the cash and telling the fools to hold on..it's not bad and the btoom is here..Nothing but blue skies ahead..hahahaha

[freddyfish130]

lab-rat wrote:

<quoted text>
This post is the most brilliant thing in the world. Mind if I print it out and frame it and hang it on the wall next to my picture of the WTC?

Your a one issue joker who still has his head in the sand. You obviously are one of the 27% approval people. Wake up.

[moved]

so how is it that everyone looks like a millionaire. driving bmws and mercedes benz.

[Dice]

Joe wrote:

how is it that 80% of Americans know we are in a recession and Bush is in denial?
Just wish the whole Bush family would move to another country. Be done with them. Just GO!

The whole family should be neutered to insure that this scourge does not continue.

[lab-rat]

freddyfish130 wrote:

<quoted text> Your a one issue joker who still has his head in the sand. You obviously are one of the 27% approval people. Wake up.

No, I'm a right wing hate monger. You haven't been paying attention.

[Just Two Cents]

Wow,,, is Florida the next Jamaica in the making?

[Sumballo]

BenFTL wrote:

<quoted text> Sounds reasonable, do you extend that same standard of personal responsability to credidors like Bear Stearns, or is it ok for the fed to come in and relieve their irresponsibly generated debts?

People and/or businesses should be responsible for the choice they make. The gov. shouldn't bail them out.