Murder Suicide

Due to this economic crisis people are killing themselves and each other. Look at the story of the woman who faced losing her home and shot herself in an attempt to get attention. The company since have apologized and decided not to take her home, but how long will this promise last. One a more sad note in Los Angeles a man, who had a degee (master at that) was unemployed for a while. Apparently he could seek employment and as a result decided that his only option was to end his life. Only before doing so he took the life of his loved ones that he was unable to provide financially for. According to the Associate Press he killed his wife, mother-in-law and their three children ages 19, 12 and 7 years of age. This such a sad turn of events and more and more people today will be looking for a similar way out of this economic crisis or recession as one would call it.

The Housing Market

The Standard & Poor's showed that homes prices are tumbling more than the annual rate ever in July, even though it is happening slowly, there is no sign of a way out. According to the S&P index the city housing index fell a record 16.3 percent in July from the year-ago month, the largest drop since its inception in 2000. The 10-city index plunged 17.5 percent, its biggest decline in its 21-year history. However, the pace of monthly declines is slowing, a possible silver lining. Between May and July, for example, home prices fell at a cumulative rate of 2.2 percent — less than half the cumulative rate experienced between February and April. But there's "no evidence of a bottom," said David M. Blitzer, chairman of the index committee at S&P.

This does not make me feel very comfortable, because three years ago I recently purchased my first home. Of course they said it was the right time to buy before rates go up. So, we took the plung and now this economic crisis hits. What will happen to our money if the banks go bankrupt? We will not be able to pay our mortgages if we lose our jobs? The leap we took in purchasing this home was for security for our families future. Now this future looks very dim.

Tthe National Association of Realtors said the median sales price of an existing home fell 9.5 percent to $203,100 last month, the largest annual price decline on records dating to 1999. The median home price of a new home fell 5.5 percent to $221,900 in August, the Commerce Department also said last week. The Case-Shiller numbers have yet to reflect the effects of the recent turmoil in the financial industry. This economic recession seems so real right now.

According to the Associated Press "How many people are going to sit down and say: 'You know honey, it's a good time to buy a house?'" asked Thomas Lawler, a housing economist in Northern Virginia, as stock markets tanked Monday. "The government really needs to get its act together."

The children have been off for the past two days due to the Jewish holiday (Rosh Hashanah). Yesterday while at work they called me with some nonsense. Would you believe that the six year old made the 12-year-old cry? What is that all about, she is telling me that the baby always gets her way? Jasmine the 12-year-old took away her bear and would not give it back. I had to explain to her that you do not give someone something and keep taking it back when they do something you do not like. If that were the case every time they did something I would have to do the same, which I don’t of course. Then in the interim I also had to let her know that there are more important and pressing matters going on in the world today than her feelings.
For instance, her father works on Wall Street where the entire economic crisis is taking effect; right now he doesn’t know if he will have a job at the end of this month (October).

Additionally, when you love someone there are times when you have disagreements and just deal with it. Just avoid her as much as you possible can. So, I allowed her to take solace in my room until she calms down, because she was hysterically crying. Can you believe that? I still can’t! The problem is they pay Kayla (6 yr. Old) entirely too much attention. STOP!!!!!!