100,000 living for free in Inland Empire

[Nor-LA-SD-guy]

New ghost towns: Industrial communities teeter on the edge

(and you thought TV was bad off)

http://www.usatoday.com/news/nation/2010-03-01-townhangingon_N.htm?se=yahoorefer

Ravenswood, with 4,000 people and one big factory, is like many towns in the USA where things still are made: caught in a winter between recession and recovery, hoping the latter will arrive before the former kills the last decent blue-collar job.

If the rest of the aluminum works closed, “would this become a ghost town?” muses Jim Frazier, principal of the Henry J. Kaiser Elementary School.

Whether it’s textiles in the Carolinas, paper in New England or steel in the Midwest, most industrial cities and mill towns “are on pins and needles,” says Donald Schunk, an economist at Coastal Carolina University. “Day to day, week to week, any manufacturing facility seems vulnerable. People don’t know if they’ll be there.”

That’s true in:

• Georgetown, S.C. (pop. 9,000), where the closing of the local steel mill last year left International Paper as the last major private employer.

• Madawaska, Maine (pop. 4,000), where workers voted last month to take an 8.5% wage cut to keep the financially strapped paper mill going.

• Glenwood, Wash. (pop. 500), where flat lumber prices and rising land prices are crippling the forest products industry.

One-horse towns such as Ravenswood risk losing their reason for being, says Juravich, who teaches about labor at the University of Massachusetts. Without a hospital or university campus or county seat, “they’re one plant shutdown from oblivion.”

[Nor-LA-SD-guy]

Not every situation is the same,

I will add this Idea here as well as I think in a lot of cases depending on the location and amount under water and the financial position of the owner, the Idea of stopping to pay your mortgage is probably the worst advice I have ever heard (but to each their own).

as an example:

I know of a Guy in L.A. who is a 100K under water on his home (he still can easily afford it currently), he ask if it would be a good Idea to walk away.

I said are you planning to live the north L.A. area for the next 10 years ???

He said yes.

I said why ruin your credit (possibly your employability) when in ten years it will all be water under the bridge most likely.

But what ever you want to believe.

IMHO

[Nor-LA-SD-guy]

Not every situation is the same,

I will add this Idea here as well as I think in a lot of cases depending on the location and amount under water and the financial position of the owner, the Idea of stopping to pay your mortgage is probably the worst advice I have ever heard (but to each their own).

as an example:

I know of a Guy in L.A. who is a 100K under water on his home (he still can easily afford it currently), he ask if it would be a good Idea to walk away.

I said are you planning to live the north L.A. area for the next 10 years ???

He said yes.

I said why ruin your credit (possibly your employability) when in ten years it will all be water under the bridge most likely.

But what ever you want to believe.

IMHO

[Nor-LA-SD-guy]

Not every situation is the same,

I will add this Idea here as well as I think in a lot of cases depending on the location and amount under water and the financial position of the owner, the Idea of stopping to pay your mortgage is probably the worst advice I have ever heard (but to each their own).

as an example:

I know of a Guy in L.A. who is a 100K under water on his home (he still can easily afford it currently), he ask if it would be a good Idea to walk away.

I said are you planning to live the north L.A. area for the next 10 years ???

He said yes.

I said why ruin your credit (possibly your employability) when in ten years it will all be water under the bridge most likely.

But what ever you want to believe.

IMHO

[Nor-LA-SD-guy]

Not every situation is the same,

I will add this Idea here as well as I think in a lot of cases depending on the location and amount under water and the financial position of the owner, the Idea of stopping to pay your mortgage is probably the worst advice I have ever heard (but to each their own).

as an example:

I know of a Guy in L.A. who is a 100K under water on his home (he still can easily afford it currently), he ask if it would be a good Idea to walk away.

I said are you planning to live the north L.A. area for the next 10 years ???

He said yes.

I said why ruin your credit (possibly your employability) when in ten years it will all be water under the bridge most likely.

But what ever you want to believe.

IMHO

[Nor-LA-SD-guy]

Not every situation is the same,

I will add this Idea here as well as I think in a lot of cases depending on the location and amount under water and the financial position of the owner, the Idea of stopping to pay your mortgage is probably the worst advice I have ever heard (but to each their own).

as an example:

I know of a Guy in L.A. who is a 100K under water on his home (he still can easily afford it currently), he ask if it would be a good Idea to walk away.

I said are you planning to live the north L.A. area for the next 10 years ???

He said yes.

I said why ruin your credit (possibly your employability) when in ten years it will all be water under the bridge most likely.

But what ever you want to believe.

IMHO

[danielwis]

[quote=UCGal]Reading this thread is a good reminder to get my veggie seeds in the ground. You never know what the future holds.[/quote]

LOL, last year I went out and bought a whole bunch of stuff. I stocked up on TP, bought large containers of peanut butter, etc. Now i’m trying to use all that stuff. Its never a bad idea to err on the side of caution though. One never knows…..

[danielwis]

[quote=UCGal]Reading this thread is a good reminder to get my veggie seeds in the ground. You never know what the future holds.[/quote]

LOL, last year I went out and bought a whole bunch of stuff. I stocked up on TP, bought large containers of peanut butter, etc. Now i’m trying to use all that stuff. Its never a bad idea to err on the side of caution though. One never knows…..

[danielwis]

[quote=UCGal]Reading this thread is a good reminder to get my veggie seeds in the ground. You never know what the future holds.[/quote]

LOL, last year I went out and bought a whole bunch of stuff. I stocked up on TP, bought large containers of peanut butter, etc. Now i’m trying to use all that stuff. Its never a bad idea to err on the side of caution though. One never knows…..

[danielwis]

[quote=UCGal]Reading this thread is a good reminder to get my veggie seeds in the ground. You never know what the future holds.[/quote]

LOL, last year I went out and bought a whole bunch of stuff. I stocked up on TP, bought large containers of peanut butter, etc. Now i’m trying to use all that stuff. Its never a bad idea to err on the side of caution though. One never knows…..

[danielwis]

[quote=UCGal]Reading this thread is a good reminder to get my veggie seeds in the ground. You never know what the future holds.[/quote]

LOL, last year I went out and bought a whole bunch of stuff. I stocked up on TP, bought large containers of peanut butter, etc. Now i’m trying to use all that stuff. Its never a bad idea to err on the side of caution though. One never knows…..

[Author]

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