A Pittsburgh Post-Gazette article from 1960, found in Google’s new newspaper scans search:

[By Philipp Lenssen | Origin: Computer Is a Gentleman (Pic) | Comments]
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A Pittsburgh Post-Gazette article from 1960, found in Google’s new newspaper scans search:

[By Philipp Lenssen | Origin: Computer Is a Gentleman (Pic) | Comments]

Filed under: Transportation

ABCNews says that more and more people who are facing foreclosure are just buying cheaper homes and then just walking away from their original mortgage. It only works for people who can afford the down payment on a new home and carry both mortgages until they're in the new home, but for some people whose payments are about to balloon, it's the most attractive option out there right now.
From ABCNews:
Eble owes $334,000 on his first house, which is now worth only $219,000 and is still dropping in value. He has an adjustable rate mortgage that has doubled to more than $4,000 a month, more than Eble can afford to pay.
So before the bank forecloses on his first house he is taking advantage of falling real estate prices to buy a new home for $285,000, with a fixed rate mortgage he can afford. Once inside the new home, he can either sell the first property for a huge loss to the bank or walk away completely and let it slip into foreclosure.
This exit strategy only helps homeowners who can afford the down payment on the second home as well as carry both mortgages until they are in their new home.
Like Jim Eble, homeowner Kim Hinske just bought a new home — for $280,000 — as a way to get out of an expensive mortgage.
"Yes, it's a scary thing, but I know that my family's taken care of 'cause we have another house, a bigger house and a mortgage that's less," Hinske said.
ABCNews says that the practice is prompting lenders to improse more strict guidelines for approving a second mortgage. A spokesperson from RealtyTrac, the firm that compiles foreclosure statistics, says that the trend is caused by desperation on the part of both borrowers and lenders.
"Desperate people do desperate things and again, we're at a point now where the relationships between the borrowers and lenders really seem to have devolved into a survival of the fittest mode," said Rich Sharga, a spokesman for RealtyTrac, an online marketplace for homes in foreclosure.
In Foreclosure? Buy a Second Home [ABCNews]
(Photo: stirwise )
I like it. This is a perfect analogy to creationist argument.
Read the comments on this post...The theory of childhood, also known as child origin, is a damnable, loathsome and indefensible lie. How can any thinking person suppose all humans used to be babies once? There is no development path from babies to adults, no transitional forms between these two species. Show me even one baby with the head of a grown man on his body. Can you? No? Not even a bearded toddler? No adults with unfused skullbones, outside unfortunate disorders? Not even a tiny little newborn girl suddenly sprouting a respectable bosom? You can't find them, because they don't exist. There isn't a single transitional form between children and adults, and you will never find one because the theory simply is an unscientific lie.
The development of children has been well-researched in our six-month study following a sample of one thousand children and adults of various ages. We have conclusively proven that while there are minor changes in features like height and body fat, and replacement of deciduous teeth with permanent teeth, incontravertibly still every creature in the study that started out as a child had only slightly more adult features at the end of the observation period than at its beginning. Children and adults are separate kinds and there will never be sufficient changes to change one into the other. We reject any evidence from longer-term studies as we believe the laws of physics have changed within the last year.
To claim people come from children is demeaning and morally degrading. We have observed how children behave. If we acted like small children we'd all be demanding and impatient, and we'd be cheating, lying, and stealing from each other all the time. If the theory of childhood were true there would be no morality, and with no morality to build one on, no society. Childhood is a wicked lie used by charlatans to justify evils such as public schools.
There is no consensus on the theory of childhood in the scientific community. We should teach the controversy. Our children will be served well to learn that the prospect of them becoming adults is merely a theoretical idea. Many children come from families that do not subscribe to the theory of childhood, and they could be disturbed if the theory were taught as fact.
Spore seems to be having a rocky launch: gamers are fighting back over what they perceive as unacceptable DRM, carpet-bombing Amazon with one-star reviews. The uninspiring game play isn't making things better.
I’m very excited to announce the launch of Design Jobs on the Wall. It is a job board mainly focused on design jobs. The pricing for posting a full-time job is only $75 and $50 for freelance jobs. Don’t miss out the opening special; enter the coupon code ‘promo’ to receive 50% off the first job listing. When you post your job openings here, it will be instantly featured on Web Designer Wall as well as other design related websites. Hopefully this board will bring more job opportunities to Web Designer Wall’s readers.
Thanks to Justin from Scheetz Designs for coding the backend of the job board.