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The Watercooler
Are you afraid of the economy on the skids? Are you affected?
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<blockquote data-quote="Shari" data-source="post: 197662" data-attributes="member: 1848"><p>I am very concerned about what's gonna happen in the next few months/years. In the past year, I've seen four families move to "better" themselves, and when their original houses didn't sell, they just "let them go back to the bank". Three of these homes were $175k+ homes built in a city where the median income is $30k. These people see nothing wrong with doing this, and that attitude really scares me. A small town bank can't take too many of those, yet I think they're taking a lot of them. Many, many people have an almost "invincible" attitude towards our country and the economy. While they're worried, its not bothering them enough to make those personal changes.</p><p>***</p><p>I work in the financial industry, so I have no idea what the future holds. My company has never had layoffs, but... I try not to dwell on it - it might actually be a good thing for difficult child. lol Being frugal is why I've tried to learn to do my own mechanic work and have parked my truck and now drive a $400 clunker (that gets pretty good gas mileage) that I piece-mealed together. We have an edge because we raise and butcher our own meat and can from the garden, etc, but even with those things already covered, we are still really, really far from being self-sufficient people, and its scarey.</p><p>***</p><p>I don't think I would be in danger of losing my home, simply because of the arrangement we have, but it is still very daunting to me. I think its going to get a lot worse before it gets better.</p></blockquote><p></p>
[QUOTE="Shari, post: 197662, member: 1848"] I am very concerned about what's gonna happen in the next few months/years. In the past year, I've seen four families move to "better" themselves, and when their original houses didn't sell, they just "let them go back to the bank". Three of these homes were $175k+ homes built in a city where the median income is $30k. These people see nothing wrong with doing this, and that attitude really scares me. A small town bank can't take too many of those, yet I think they're taking a lot of them. Many, many people have an almost "invincible" attitude towards our country and the economy. While they're worried, its not bothering them enough to make those personal changes. *** I work in the financial industry, so I have no idea what the future holds. My company has never had layoffs, but... I try not to dwell on it - it might actually be a good thing for difficult child. lol Being frugal is why I've tried to learn to do my own mechanic work and have parked my truck and now drive a $400 clunker (that gets pretty good gas mileage) that I piece-mealed together. We have an edge because we raise and butcher our own meat and can from the garden, etc, but even with those things already covered, we are still really, really far from being self-sufficient people, and its scarey. *** I don't think I would be in danger of losing my home, simply because of the arrangement we have, but it is still very daunting to me. I think its going to get a lot worse before it gets better. [/QUOTE]
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Are you afraid of the economy on the skids? Are you affected?
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