Signs Point That Things Are Still Really Tough

We've been in this "co-called" recession for two years...



I happen to believe it is beyond a recession in many areas of the country...

One that has been hardest hit is Sin City...



We continue to see housing costs plummet and foreclosures still at the highest levels of any city in the U.S.



But I noted something this week that speaks volumes about this current fiscal mess...

Guess who is late in payments on his homestead?




They are just about ready to put it on the auction block...

You'd never think of this guy...

He has been in the public eye over three decades and one would think he owned all the banks in his home town...

But nope, this cat is just like many in the world today...

PRINCE is looking to have his house taken back by the bank...

Word is that they are just about ready to put his parcel on the auction block, though many think he will come up with the dough in order to put off the financial wolves...

Here's the whole story:

The Sheriff's Office in CARVER COUNTY has reported that PRINCE has fallen behind $368,382 on the mortgage to his 20-acre estate in CHANHASSEN, the MINNEAPOLIS suburb that he has owned for 31 years.
Although the report has been denied by his publicist; a local legal firm was quoted as saying there is a reasonable likelihood that PRINCE  will send the payment before the property hits the auction block.
According to the foreclosure notice, PRINCE bought the property in 1994 for $605,000 and leveled the place in 2005, leaving only the tennis court and gatehouse. The property is currently valued at $1.5 million. Given that PRINCE came up with $.13 million last year in current and delinquent property taxes on 14 parcels in CHANHASSEN, it would seem unlikely that he would allow the property to go into foreclosure

Just goes to show that nearly everyone is affected today...But PRINCE?  Geez, what has he been doing with all that dough, buying fleets of motorcycles?



Oh well, I have enough dough to get through this weekend and I hope you do too...



Onward to much better times...



Personally I have seen some lift in my business locally...One can only hope that the NFL doesn't let us all down this Fall...



Stay frosty friends!