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peterb
ParticipantGod is doing you favors. Hang on to your cash. We’re headed into the worst economy in many decades. Do not fall in love with a property. It’s inanimate. Wait until Jan 1, 2009. Then look again. I think you’ll like what you see. But it’s gonna get a lot worse before it gets better. This is global and very bad!
ParticipantGod is doing you favors. Hang on to your cash. We’re headed into the worst economy in many decades. Do not fall in love with a property. It’s inanimate. Wait until Jan 1, 2009. Then look again. I think you’ll like what you see. But it’s gonna get a lot worse before it gets better. This is global and very bad!
ParticipantGod is doing you favors. Hang on to your cash. We’re headed into the worst economy in many decades. Do not fall in love with a property. It’s inanimate. Wait until Jan 1, 2009. Then look again. I think you’ll like what you see. But it’s gonna get a lot worse before it gets better. This is global and very bad!
ParticipantSounds like your biggest debt service is your student loans of $100K and credit card at $40K. If you default of the cc, you can kiss anymore use good bye. The Student loan is probably a GSL? If so, you cant default on it. The govt will always want that money back. The rest are expenses for living. reduce where you can. Am I missing anything?
At this point it’s all about cash flow for you. You’re young and trying to increase your lot in life. To be honest, servicing you debt is a small part of your monthly expense. Maybe $500 or $600? If you’re making $85K and a debt service load of $8K per year is draggin you down, you need to seriously re-evaluate your life style as you’ll need to cut expenses big time.ParticipantSounds like your biggest debt service is your student loans of $100K and credit card at $40K. If you default of the cc, you can kiss anymore use good bye. The Student loan is probably a GSL? If so, you cant default on it. The govt will always want that money back. The rest are expenses for living. reduce where you can. Am I missing anything?
At this point it’s all about cash flow for you. You’re young and trying to increase your lot in life. To be honest, servicing you debt is a small part of your monthly expense. Maybe $500 or $600? If you’re making $85K and a debt service load of $8K per year is draggin you down, you need to seriously re-evaluate your life style as you’ll need to cut expenses big time.ParticipantSounds like your biggest debt service is your student loans of $100K and credit card at $40K. If you default of the cc, you can kiss anymore use good bye. The Student loan is probably a GSL? If so, you cant default on it. The govt will always want that money back. The rest are expenses for living. reduce where you can. Am I missing anything?
At this point it’s all about cash flow for you. You’re young and trying to increase your lot in life. To be honest, servicing you debt is a small part of your monthly expense. Maybe $500 or $600? If you’re making $85K and a debt service load of $8K per year is draggin you down, you need to seriously re-evaluate your life style as you’ll need to cut expenses big time.ParticipantSounds like your biggest debt service is your student loans of $100K and credit card at $40K. If you default of the cc, you can kiss anymore use good bye. The Student loan is probably a GSL? If so, you cant default on it. The govt will always want that money back. The rest are expenses for living. reduce where you can. Am I missing anything?
At this point it’s all about cash flow for you. You’re young and trying to increase your lot in life. To be honest, servicing you debt is a small part of your monthly expense. Maybe $500 or $600? If you’re making $85K and a debt service load of $8K per year is draggin you down, you need to seriously re-evaluate your life style as you’ll need to cut expenses big time.ParticipantSounds like your biggest debt service is your student loans of $100K and credit card at $40K. If you default of the cc, you can kiss anymore use good bye. The Student loan is probably a GSL? If so, you cant default on it. The govt will always want that money back. The rest are expenses for living. reduce where you can. Am I missing anything?
At this point it’s all about cash flow for you. You’re young and trying to increase your lot in life. To be honest, servicing you debt is a small part of your monthly expense. Maybe $500 or $600? If you’re making $85K and a debt service load of $8K per year is draggin you down, you need to seriously re-evaluate your life style as you’ll need to cut expenses big time.ParticipantLooks promising, but from a historical perspective….when has the govt actually been successful doing anything for the common man. It’s politically expedient to look like they care and are doing something. They’re busy blowing their wad on making sure their buddies are ok. Wont be much left over after that.
ParticipantLooks promising, but from a historical perspective….when has the govt actually been successful doing anything for the common man. It’s politically expedient to look like they care and are doing something. They’re busy blowing their wad on making sure their buddies are ok. Wont be much left over after that.
ParticipantLooks promising, but from a historical perspective….when has the govt actually been successful doing anything for the common man. It’s politically expedient to look like they care and are doing something. They’re busy blowing their wad on making sure their buddies are ok. Wont be much left over after that.
ParticipantLooks promising, but from a historical perspective….when has the govt actually been successful doing anything for the common man. It’s politically expedient to look like they care and are doing something. They’re busy blowing their wad on making sure their buddies are ok. Wont be much left over after that.
ParticipantLooks promising, but from a historical perspective….when has the govt actually been successful doing anything for the common man. It’s politically expedient to look like they care and are doing something. They’re busy blowing their wad on making sure their buddies are ok. Wont be much left over after that.
ParticipantThreadkiller makes a very good point that most people on here should listen to. Unemployment! All this talk of ratios of income/prices and rents being less than buying, etc….wont mean a hoot-in-hell if we’re at 10% unemployment.
Try not having a job against those ratio’s and justifications!!! I assure you, they lose every time.
It gets bad enough and we’ll see lots of places that will have a higher rent cost than a mortgage. People are becoming VERY risk averse and this sentiment will grow. That’s when I’ll get interested.
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