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EconProf
ParticipantDepression is the usual cause of suicide, and it is far more common than we think. Will probably get worse with the rise in unemployment that is coming.
People with clinical depression are often very good at hiding it and not seeking help, especially men. Then they can snap and sometimes feel the need to take others with them. It is good to recognize the symptoms of depression in others and get them help. Often suicides mention the possibility to others–never ignor such talk.ParticipantDepression is the usual cause of suicide, and it is far more common than we think. Will probably get worse with the rise in unemployment that is coming.
People with clinical depression are often very good at hiding it and not seeking help, especially men. Then they can snap and sometimes feel the need to take others with them. It is good to recognize the symptoms of depression in others and get them help. Often suicides mention the possibility to others–never ignor such talk.ParticipantDepression is the usual cause of suicide, and it is far more common than we think. Will probably get worse with the rise in unemployment that is coming.
People with clinical depression are often very good at hiding it and not seeking help, especially men. Then they can snap and sometimes feel the need to take others with them. It is good to recognize the symptoms of depression in others and get them help. Often suicides mention the possibility to others–never ignor such talk.ParticipantOne factor that will make this downturn worse than previous ones is peoples’ current use of credit cards as a substitute for savings accounts to cushion for emergencies.
A generation or two ago, people regularly saved about 8% of their paychecks, on average. This fraction was fairly constant for many decades until about the mid-1990s. Families tended to have a “rainy day” fund for emergencies: medical, car breakdowns, etc., as well as a growing fund for planned vacations, car and house downpayments, and retirement. As a result, people learned to budget, defer gratification, plan their future, and watch proudly as their nest egg grew.
Rampant consumerism encouraged by marketers and lenders changed all that. It was abetted by schools and parents that abandoned teaching the values of thrift, saving, and any other old-fashioned values.
Nowadays, emergencies are met by credit, as are vacations, vehicles, holidays, etc. So as deleveraging hits our big financial institutions with such pain, the same process will confront individuals now deeply in debt.
The ratcheting up of CC interest rates for missed payments, or the yanking of allowable limits is the whack upside the head many people need. Its going to hurt, but its time to sober up.ParticipantOne factor that will make this downturn worse than previous ones is peoples’ current use of credit cards as a substitute for savings accounts to cushion for emergencies.
A generation or two ago, people regularly saved about 8% of their paychecks, on average. This fraction was fairly constant for many decades until about the mid-1990s. Families tended to have a “rainy day” fund for emergencies: medical, car breakdowns, etc., as well as a growing fund for planned vacations, car and house downpayments, and retirement. As a result, people learned to budget, defer gratification, plan their future, and watch proudly as their nest egg grew.
Rampant consumerism encouraged by marketers and lenders changed all that. It was abetted by schools and parents that abandoned teaching the values of thrift, saving, and any other old-fashioned values.
Nowadays, emergencies are met by credit, as are vacations, vehicles, holidays, etc. So as deleveraging hits our big financial institutions with such pain, the same process will confront individuals now deeply in debt.
The ratcheting up of CC interest rates for missed payments, or the yanking of allowable limits is the whack upside the head many people need. Its going to hurt, but its time to sober up.ParticipantOne factor that will make this downturn worse than previous ones is peoples’ current use of credit cards as a substitute for savings accounts to cushion for emergencies.
A generation or two ago, people regularly saved about 8% of their paychecks, on average. This fraction was fairly constant for many decades until about the mid-1990s. Families tended to have a “rainy day” fund for emergencies: medical, car breakdowns, etc., as well as a growing fund for planned vacations, car and house downpayments, and retirement. As a result, people learned to budget, defer gratification, plan their future, and watch proudly as their nest egg grew.
Rampant consumerism encouraged by marketers and lenders changed all that. It was abetted by schools and parents that abandoned teaching the values of thrift, saving, and any other old-fashioned values.
Nowadays, emergencies are met by credit, as are vacations, vehicles, holidays, etc. So as deleveraging hits our big financial institutions with such pain, the same process will confront individuals now deeply in debt.
The ratcheting up of CC interest rates for missed payments, or the yanking of allowable limits is the whack upside the head many people need. Its going to hurt, but its time to sober up.ParticipantOne factor that will make this downturn worse than previous ones is peoples’ current use of credit cards as a substitute for savings accounts to cushion for emergencies.
A generation or two ago, people regularly saved about 8% of their paychecks, on average. This fraction was fairly constant for many decades until about the mid-1990s. Families tended to have a “rainy day” fund for emergencies: medical, car breakdowns, etc., as well as a growing fund for planned vacations, car and house downpayments, and retirement. As a result, people learned to budget, defer gratification, plan their future, and watch proudly as their nest egg grew.
Rampant consumerism encouraged by marketers and lenders changed all that. It was abetted by schools and parents that abandoned teaching the values of thrift, saving, and any other old-fashioned values.
Nowadays, emergencies are met by credit, as are vacations, vehicles, holidays, etc. So as deleveraging hits our big financial institutions with such pain, the same process will confront individuals now deeply in debt.
The ratcheting up of CC interest rates for missed payments, or the yanking of allowable limits is the whack upside the head many people need. Its going to hurt, but its time to sober up.ParticipantOne factor that will make this downturn worse than previous ones is peoples’ current use of credit cards as a substitute for savings accounts to cushion for emergencies.
A generation or two ago, people regularly saved about 8% of their paychecks, on average. This fraction was fairly constant for many decades until about the mid-1990s. Families tended to have a “rainy day” fund for emergencies: medical, car breakdowns, etc., as well as a growing fund for planned vacations, car and house downpayments, and retirement. As a result, people learned to budget, defer gratification, plan their future, and watch proudly as their nest egg grew.
Rampant consumerism encouraged by marketers and lenders changed all that. It was abetted by schools and parents that abandoned teaching the values of thrift, saving, and any other old-fashioned values.
Nowadays, emergencies are met by credit, as are vacations, vehicles, holidays, etc. So as deleveraging hits our big financial institutions with such pain, the same process will confront individuals now deeply in debt.
The ratcheting up of CC interest rates for missed payments, or the yanking of allowable limits is the whack upside the head many people need. Its going to hurt, but its time to sober up.ParticipantI think you can freely chose, so it is something to check out (outside of the fact that I would in general not rent to a friend or relative–it has never worked out for me).
Once you pick a Section 8 tenant you are married to them, so it is the one time you really can and should be picky. The usual rules about discrimination of course apply.ParticipantI think you can freely chose, so it is something to check out (outside of the fact that I would in general not rent to a friend or relative–it has never worked out for me).
Once you pick a Section 8 tenant you are married to them, so it is the one time you really can and should be picky. The usual rules about discrimination of course apply.ParticipantI think you can freely chose, so it is something to check out (outside of the fact that I would in general not rent to a friend or relative–it has never worked out for me).
Once you pick a Section 8 tenant you are married to them, so it is the one time you really can and should be picky. The usual rules about discrimination of course apply.ParticipantI think you can freely chose, so it is something to check out (outside of the fact that I would in general not rent to a friend or relative–it has never worked out for me).
Once you pick a Section 8 tenant you are married to them, so it is the one time you really can and should be picky. The usual rules about discrimination of course apply.ParticipantI think you can freely chose, so it is something to check out (outside of the fact that I would in general not rent to a friend or relative–it has never worked out for me).
Once you pick a Section 8 tenant you are married to them, so it is the one time you really can and should be picky. The usual rules about discrimination of course apply.ParticipantAs a landlord for many years, I’ve found the best policy is to discover the average market for my units, then ask slightly less and be very picky about chosing tenants. I also raise them slightly each year, always keeping them under (presumably rising) market comps. Tenants are told up front of this policy.
Yes, I’ve seen foolish landlords ask for higher than market rents and then sit on vacancies for a while, or else rent to dregs as tenants. Can’t cure stupid. -
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