The Recession
Hold on to your hats people. Or your wallet.
But especially, hold on to your house.
Eric G. wrote in a thread recently about overbuying early on - and then doing everything he could to hang on to the house through a bad time. I'm paraphrasing here - but his thoughts were spot on.
Do whatever you have to do to stay in your homes. Foreclosures are up ridiculously. I hope *you* are not one of them (and I hope I'm never one of them).
Get an extra job for awhile - do what you have to do, but losing a house strikes me as something that would be extremely painful (both emotionally and financially).
I'm going without things that I think I need (or want anyhow). I'm trying to stockpile funds in case their needed down the road.
And President Elect Obama - we, the people who put you in office, would frown deeply if you decided to install Lawrence Summers as your Treasury Secretary.
If you want to weigh in on this, sign a petition here registering your disapproval of this move.
Hopefully we still can make a difference.
s
But especially, hold on to your house.
Eric G. wrote in a thread recently about overbuying early on - and then doing everything he could to hang on to the house through a bad time. I'm paraphrasing here - but his thoughts were spot on.
Do whatever you have to do to stay in your homes. Foreclosures are up ridiculously. I hope *you* are not one of them (and I hope I'm never one of them).
Get an extra job for awhile - do what you have to do, but losing a house strikes me as something that would be extremely painful (both emotionally and financially).
I'm going without things that I think I need (or want anyhow). I'm trying to stockpile funds in case their needed down the road.
And President Elect Obama - we, the people who put you in office, would frown deeply if you decided to install Lawrence Summers as your Treasury Secretary.
If you want to weigh in on this, sign a petition here registering your disapproval of this move.
Hopefully we still can make a difference.
s
Total Comments 4
Comments
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While I agree people should do what they can do hold on to their homes. I am also concerned that we the tax payers are now paying for others lack of responsibility.Posted 11-18-2008 at 02:48 AM by kyle1745
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I agree Kyle.
Even more so when it comes to the Auto Industry (who had years and years and years to get their sh!t together - and still didn't manage it).
I am just mentioning the owners need to do what they can to stay in place. Nothing regarding any other aspect of owning a home (i.e. - bailout).
sPosted 11-18-2008 at 11:06 AM by Scott
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Ah the auto industry... I was actually impressed with congress calling them out. Since they showed up to beg for billions with no plan, no data, and apparently no brains.
I say let them fail as from everything I have read bankruptcy will be better for them in the long run and a bailout would most likely mean a repeat in less than a year.
They have built the same "crap" for 40 years and with the same business practices... I mean lets keep making the mustang and camaro until we all die... get real. On top of that lets pay people $50 an hour to push a button. I wonder why they are not doing great. 30k cars that are worth about 10k the second you take them off the lot. Sorry but American cars are just junk.Posted 11-25-2008 at 11:32 PM by kyle1745
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How stupid is that to show up in 3 different private jets?
I think we can say we're in agreement - on one issue at least!
s
Posted 11-26-2008 at 12:09 AM by Scott
