You're talking as if the CRA forced banks to open the flood gates and hand out loans to anyone who asked for it. This may be what the banks did, but it was not what the law was designed or intended for.
The CRA was designed to keep banks from arbitrarily rejecting loans just because the applicant happened to be from an area deemed low-income/high-risk. The only forcing the CRA does is make banks specifically assess an individual applicant's borrowing ability. The approval/denial process is still left to the banks. There is no provision requiring banks to make high-risk loans it knows will end in a loss. There isn't even a set standard for judging a bank's compliance; it's based entirely on a bank's specific location and capacity.
And I notice in your reply you completely glossed over the part where I mention the majority of the subprime loans made weren't regulated by the CRA.
The banks could have enforced income verification.
The banks could have approved loans for amounts congruent with the applicant's income, rather than whatever the applicant asked for.
The banks could have continued to require down payments.
I'm not saying people didn't play a part, but they weren't the ones holding the purse strings. And no, there wasn't a law forcing the banks to hand out money they knew it would never get back. That is simply not true.
I'm sure the banks knew they were making crap loans too. But you're assuming the greed in people wanting the "American Dream" is greater than the greed of an industry whose sole purpose is making money. What is ridiculous is thinking that an industry filled entirely with people who want to make as much money as possible wouldn't go for the chance to make huge, fast profits.
I'd like to see a study done on books, music, movies, etc that graphs out how much money they make each year after their release. My guess is that 95% (if not more) of the money is made in the first 5 years. After that, money made on most works likely plummets each year until it brings in a bare trickle of funds. Yes, some works (e.g. the original Star Wars movies) continue to make tons of cash decades after they were released, but I'm betting those are few and far between. We definitely shouldn't shape copyright law to protect 2% of works which are still making money thus locking the 98% of works which aren't from going into the public domain.
Will you please suggest some geographical areas where that ratio is significantly better? Preferably with programmer jobs available. I might consider relocating.
Also, what would you think is a reasonable house cost / income ratio, and where do you get that figure?
Please don't read any sarcasm into these questions, I'm asking out of sheer practical interest.
In Indiana, Most of our Arrow lights are in this configuration or they are part of their own turn lane. Again, if you mistake what the light means you aren't paying attention because the placement of the light itself means something.
At any rate, most of the comments are spot on. If a driver is paying attention the the situation then they should be okay unless they are a total newby to the area or they are in a state of panic.
I concur. Why have a huge box when you can have a little portable machine that is barely slower than a desktop? After over 20 years of strictly owning desktops, I bought a notebook and can't imagine why I never did earlier. Cost was certainly a factor, but now notebooks are damned cheap with lots of sub $1000 machines with decent specs. I went cheap and got an Acer Aspire 14" and the size and weight are pretty nice. 3gb RAM, 2ghz dual core athlon turion with cores from the latest phenom and hypertransport 3 for like $500 and a nvidia 9100m that will at least play some decent 3d games really kind of made it a nice machine. No crappy intel gma here. At this point the only thing I wish it had was a discrete video card, but seing as how the 9100M is at least pretty equivalent to an 8400GS, its a whole lot better the aging radeon 9250 PCI I used for years was. Don't think it will play oblivion all that well, but any games up to 2005-2006 run pretty good. Not bad for an integrated chipset. After 6 months this machine has been super stable, though virtualbox doesn't seem to play when I try to use both cores in a VM, but I'm suspecting it is how my bios implements AMD-V though, and probably not anything with the virtualbox code, though it is one of the things they keep tweaking for stability looking at the changelogs Turning off IO APIC seems to make things nice and stable.
No amount of careful planning will ever replace dumb luck.