Monday, May 4, 2009

WHAT Real Estate Market Crash?

Okay, we have heard a bunch on the news about a crash in the real estate market but I'm just not seeing it...

Take this property for sale near Batesville on Craigs Store Road for example (MLS 464941). It's selling for $169,000, even though the owner bought it for $105,000 on 11/27/2007. To put this in perspective, the DOW was about 13300 then, and now the DOW is at 8300...

Add to that the fact of limited access to the property due to a stream crossing the front of the property and the mandated buffer requirements, and critical slope requirements that would render the vast majority undevelopable.

So, where did that extra $69,000 dollars come from? If the stock market is at 2002 levels then why aren't we seeing 2002 prices?

Friday, May 1, 2009

What's in the Milk?

I made a weird discovery. For some reason 2% organic milk doesn't foam up nearly as well as conventional 2% Shenandoah's Pride when steamed. I tried both the Whole Foods generic brand and Horizon, and both seem to just not foam very well.

It really makes you wonder... just what is in that conventional milk that foams so well? Here's a photo of my experiment with the organic milk on the left. In the name of science I'd be interested to see if anyone else out there has replicated my results or has a working theory on this important matter of concern to latte drinkers everywhere.