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DWCAP
ParticipantAre those a dozen single family houses hitting the NOD’s, or townhomes, condo’s included too? Just wondering, cause it seems that the “attached” groups would hit before the houses do.
Participant[quote=jpinpb]I have one criticsm w/that post:
Americans need to increase their savings rate from today’s 5% (a vast improvement from the 0% rate of two years ago) to the 10% long-term average
Americans may need to increase savings, but since most/few Americans even understand the concept of saving, that is just unlikely to happen.
This new breed/generation knows consumption. Someone needs to teach them how to save. “Saving” is something foreign and unknown and rejected by many Americans.[/quote]
We have always had a range of savers. There were spendthrifts who never saved anything back when we were saving 10%. There were just other people who saved 20% and it averaged out. No one can save the willfully stupid, not even the government. Those who are smart will learn their lessons from reality and help set us up for long term prosperity. Those who dont wanna be smart wont, and will relive this over and over again.
No amount of teaching will stop that.
Participant[quote=jpinpb]I have one criticsm w/that post:
Americans need to increase their savings rate from today’s 5% (a vast improvement from the 0% rate of two years ago) to the 10% long-term average
Americans may need to increase savings, but since most/few Americans even understand the concept of saving, that is just unlikely to happen.
This new breed/generation knows consumption. Someone needs to teach them how to save. “Saving” is something foreign and unknown and rejected by many Americans.[/quote]
We have always had a range of savers. There were spendthrifts who never saved anything back when we were saving 10%. There were just other people who saved 20% and it averaged out. No one can save the willfully stupid, not even the government. Those who are smart will learn their lessons from reality and help set us up for long term prosperity. Those who dont wanna be smart wont, and will relive this over and over again.
No amount of teaching will stop that.
Participant[quote=jpinpb]I have one criticsm w/that post:
Americans need to increase their savings rate from today’s 5% (a vast improvement from the 0% rate of two years ago) to the 10% long-term average
Americans may need to increase savings, but since most/few Americans even understand the concept of saving, that is just unlikely to happen.
This new breed/generation knows consumption. Someone needs to teach them how to save. “Saving” is something foreign and unknown and rejected by many Americans.[/quote]
We have always had a range of savers. There were spendthrifts who never saved anything back when we were saving 10%. There were just other people who saved 20% and it averaged out. No one can save the willfully stupid, not even the government. Those who are smart will learn their lessons from reality and help set us up for long term prosperity. Those who dont wanna be smart wont, and will relive this over and over again.
No amount of teaching will stop that.
Participant[quote=jpinpb]I have one criticsm w/that post:
Americans need to increase their savings rate from today’s 5% (a vast improvement from the 0% rate of two years ago) to the 10% long-term average
Americans may need to increase savings, but since most/few Americans even understand the concept of saving, that is just unlikely to happen.
This new breed/generation knows consumption. Someone needs to teach them how to save. “Saving” is something foreign and unknown and rejected by many Americans.[/quote]
We have always had a range of savers. There were spendthrifts who never saved anything back when we were saving 10%. There were just other people who saved 20% and it averaged out. No one can save the willfully stupid, not even the government. Those who are smart will learn their lessons from reality and help set us up for long term prosperity. Those who dont wanna be smart wont, and will relive this over and over again.
No amount of teaching will stop that.
Participant[quote=jpinpb]I have one criticsm w/that post:
Americans need to increase their savings rate from today’s 5% (a vast improvement from the 0% rate of two years ago) to the 10% long-term average
Americans may need to increase savings, but since most/few Americans even understand the concept of saving, that is just unlikely to happen.
This new breed/generation knows consumption. Someone needs to teach them how to save. “Saving” is something foreign and unknown and rejected by many Americans.[/quote]
We have always had a range of savers. There were spendthrifts who never saved anything back when we were saving 10%. There were just other people who saved 20% and it averaged out. No one can save the willfully stupid, not even the government. Those who are smart will learn their lessons from reality and help set us up for long term prosperity. Those who dont wanna be smart wont, and will relive this over and over again.
No amount of teaching will stop that.
ParticipantIt sounds like your real problem is that your wifes income is lost. If she was working, it seems that you would be ok, regardless of what the housing value does. I am assuming she is looking for work, help her. And then all the rest will go away. Enjoy your house, forget about the “value”, and in 27 years you will have something of real value; Your own house.
I agree that rental income and location would be helpful in giving advice better advice.
ParticipantIt sounds like your real problem is that your wifes income is lost. If she was working, it seems that you would be ok, regardless of what the housing value does. I am assuming she is looking for work, help her. And then all the rest will go away. Enjoy your house, forget about the “value”, and in 27 years you will have something of real value; Your own house.
I agree that rental income and location would be helpful in giving advice better advice.
ParticipantIt sounds like your real problem is that your wifes income is lost. If she was working, it seems that you would be ok, regardless of what the housing value does. I am assuming she is looking for work, help her. And then all the rest will go away. Enjoy your house, forget about the “value”, and in 27 years you will have something of real value; Your own house.
I agree that rental income and location would be helpful in giving advice better advice.
ParticipantIt sounds like your real problem is that your wifes income is lost. If she was working, it seems that you would be ok, regardless of what the housing value does. I am assuming she is looking for work, help her. And then all the rest will go away. Enjoy your house, forget about the “value”, and in 27 years you will have something of real value; Your own house.
I agree that rental income and location would be helpful in giving advice better advice.
ParticipantIt sounds like your real problem is that your wifes income is lost. If she was working, it seems that you would be ok, regardless of what the housing value does. I am assuming she is looking for work, help her. And then all the rest will go away. Enjoy your house, forget about the “value”, and in 27 years you will have something of real value; Your own house.
I agree that rental income and location would be helpful in giving advice better advice.
ParticipantHow much you wanna bet me that in a few months we will “discover” that Fannie and Freddie will have a program to buy loans like this from banks. Lets do it both ways, TARP money in, Taxpayer dollars to buy the stuff (channeled through the former GSE’s) out.
ParticipantHow much you wanna bet me that in a few months we will “discover” that Fannie and Freddie will have a program to buy loans like this from banks. Lets do it both ways, TARP money in, Taxpayer dollars to buy the stuff (channeled through the former GSE’s) out.
ParticipantHow much you wanna bet me that in a few months we will “discover” that Fannie and Freddie will have a program to buy loans like this from banks. Lets do it both ways, TARP money in, Taxpayer dollars to buy the stuff (channeled through the former GSE’s) out.
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