My husband has what is considered to be one of the most secure jobs out there, and even he is looking at a possible 15% pay cut. Then there’s the very real possibility that healthcare and pension cuts are on the way, too.
Perhaps I’m too cynical, but when Obama was saying that this was going to be a long, drawn-out recession, and that it would “get worse before it gets better,” he was roundly criticized and told to be more cheerful and optimistic. All of a sudden, everyone in the MSM is seeing “green shoots” everywhere and claiming that the worst is behind us. I’m just not buying it — though admit I could very well be wrong. Something just doesn’t feel right about the whole “end of the recession” meme.
We’re still on the sidelines, but are looking at areas that haven’t fallen much yet. In the lower-end/more affordable areas, there is admittedly less risk if one should choose buying over renting.
