Octopodial Chrome

Mark Gimein argues that the mortgage crisis will worsen considerably, especially in California. Apparently year-over-year prices have dropped 28%. One might wonder if they’ve bottomed out, but there’s an issue which will result in an even worse drop. It turns out that the fall in prices (due to the sub-prime crisis) means that it will become economically sound for prime mortgagers to simply leave their homes rather than owe (and pay for…) twice their market value.

This in turn will lead to still more foreclosures and abandonments. It could be a real estate perfect storm.

The president of Blue Jeans Cables recently received a cease & desist letter from Monster Cable. His response is a stunning smackdown of them, their claims and their business. The best line is perhaps this: Not only am I unintimidated by litigation; I sometimes rather miss it. It’s a long read, but every bit is worth it.