Barry’s Blog: Good Times

The 30 year fixed is up to around 5.375%. Rates have been stubborn to come down. It could be that banks just want to catch up from the recent wave of refinances, but I’m inclined to believe they are holding out for more ‘bailout’ money. Months ago the government promised to purchase 50 billion dollars worth of bad loans from the banks. To date, they have only purchased 8 billion of bad loans. Perhaps our government should hire my wife who just bought $800.00 worth of clothes when I told her our budget could only afford us $400.00. (anyone who knows my wife, please delete this email so I can’t get into trouble!).

Good Times
I’m referring to the housing market, not the 70s sitcom here. December Pending Home Sales rose 6% from November which is always a good sign. And more good times: As part of the stimulus plan, The Senate is considering a tax credit of up to $15,000.00 for the purchase of a home this year. Gear up for a great 2009, my Friends – all of the pieces are lining up in place.

Birthdays and Trivia Questions
Happy birthday to Jennifer Aniston who turns 39 today. Without Jen, the covers of US Magazine would only feature her good friends Brad and Angelina every week. For today’s trivia question we go back in time to 1990-91 when Jen starred in the TV adaptation of a 1986 John Hughes’ movie that was filmed right here in Chicago. What was the name of the movie/TV series? Email me your answer. Correct answers will receive a mystery prize from me valued at $4.00. Good luck to all.

Last week’s question was. . .
What animal did Alice Cooper throw into the audience at one of his concerts. The answer: A chicken. This took place at the Toronto Rock ‘n Roll Revival concert in 1969. A chicken somehow made its way on stage during Alice Cooper’s performance. Cooper presumed that, since the chicken had wings, it would be able to fly. He picked it up and threw it out over the crowd, expecting it to fly away. The bird instead plummeted into the first few rows of the crowd occupied by disabled people in wheelchairs, who reportedly proceeded to tear the animal to pieces.


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