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svelteParticipantI’m seeing a huge mind shift toward outsourcing, even for finance jobs that require a significant amount of judgment and expertise. This has been going on in IT for some time, but it is rapidly working it’s way up the food chain.
It’s been going on for 30 or 40 years, with manufacturing being shipped overseas prior to IT. It’s just finally hit your neck of the woods.
Is it any wonder that we have enjoyed such a vibrant consumer based economy when a working class couple with perhaps $60,000 per year of household income can borrow over $500,000 (tax free) and buy whatever they want with the money?
Oh, it isn’t just consumers. It appears to me they’ve learned it from the executive and legislative branches of their government- look at how the federal debt took off around 1980 and has barely looked back.
svelteParticipantI’m seeing a huge mind shift toward outsourcing, even for finance jobs that require a significant amount of judgment and expertise. This has been going on in IT for some time, but it is rapidly working it’s way up the food chain.
It’s been going on for 30 or 40 years, with manufacturing being shipped overseas prior to IT. It’s just finally hit your neck of the woods.
Is it any wonder that we have enjoyed such a vibrant consumer based economy when a working class couple with perhaps $60,000 per year of household income can borrow over $500,000 (tax free) and buy whatever they want with the money?
Oh, it isn’t just consumers. It appears to me they’ve learned it from the executive and legislative branches of their government- look at how the federal debt took off around 1980 and has barely looked back.
svelteParticipantI am baffled that people thought the US Govt would sit by idly and do nothing. That’s what Hoover did in 1929 and they aren’t about to repeat that purist “no federal relief” stance of his that prolonged the pain for years.
This time around, there will likely be a 3 pronged attack to head off dire straights:
– Government bailout to the greatest extent possible.
– Infusions from countries that we have a trade deficit with (witness the oil producing region and Citibank)…they don’t want us to stop buying their stuff!
– If the first two don’t work, I would look for a spike in inflation….they have a built-in excuse with rising energy costs. If paychecks increase, house values may stop falling and the number of owners underwater can be minimized. The big losers if this does indeed happen: renters and those living on fixed incomes.This is gonna be painful, but I doubt it will be catastrophic given the new interdependencies of economies around the world.
Should one buy or rent right now? The consensus here is clearly that renting is the only way to go. I’m not so sure it is that black and white. Ladies and gentlemen, place your bets and let’s roll those dice!
svelteParticipantI am baffled that people thought the US Govt would sit by idly and do nothing. That’s what Hoover did in 1929 and they aren’t about to repeat that purist “no federal relief” stance of his that prolonged the pain for years.
This time around, there will likely be a 3 pronged attack to head off dire straights:
– Government bailout to the greatest extent possible.
– Infusions from countries that we have a trade deficit with (witness the oil producing region and Citibank)…they don’t want us to stop buying their stuff!
– If the first two don’t work, I would look for a spike in inflation….they have a built-in excuse with rising energy costs. If paychecks increase, house values may stop falling and the number of owners underwater can be minimized. The big losers if this does indeed happen: renters and those living on fixed incomes.This is gonna be painful, but I doubt it will be catastrophic given the new interdependencies of economies around the world.
Should one buy or rent right now? The consensus here is clearly that renting is the only way to go. I’m not so sure it is that black and white. Ladies and gentlemen, place your bets and let’s roll those dice!
svelteParticipantI am baffled that people thought the US Govt would sit by idly and do nothing. That’s what Hoover did in 1929 and they aren’t about to repeat that purist “no federal relief” stance of his that prolonged the pain for years.
This time around, there will likely be a 3 pronged attack to head off dire straights:
– Government bailout to the greatest extent possible.
– Infusions from countries that we have a trade deficit with (witness the oil producing region and Citibank)…they don’t want us to stop buying their stuff!
– If the first two don’t work, I would look for a spike in inflation….they have a built-in excuse with rising energy costs. If paychecks increase, house values may stop falling and the number of owners underwater can be minimized. The big losers if this does indeed happen: renters and those living on fixed incomes.This is gonna be painful, but I doubt it will be catastrophic given the new interdependencies of economies around the world.
Should one buy or rent right now? The consensus here is clearly that renting is the only way to go. I’m not so sure it is that black and white. Ladies and gentlemen, place your bets and let’s roll those dice!
svelteParticipantI am baffled that people thought the US Govt would sit by idly and do nothing. That’s what Hoover did in 1929 and they aren’t about to repeat that purist “no federal relief” stance of his that prolonged the pain for years.
This time around, there will likely be a 3 pronged attack to head off dire straights:
– Government bailout to the greatest extent possible.
– Infusions from countries that we have a trade deficit with (witness the oil producing region and Citibank)…they don’t want us to stop buying their stuff!
– If the first two don’t work, I would look for a spike in inflation….they have a built-in excuse with rising energy costs. If paychecks increase, house values may stop falling and the number of owners underwater can be minimized. The big losers if this does indeed happen: renters and those living on fixed incomes.This is gonna be painful, but I doubt it will be catastrophic given the new interdependencies of economies around the world.
Should one buy or rent right now? The consensus here is clearly that renting is the only way to go. I’m not so sure it is that black and white. Ladies and gentlemen, place your bets and let’s roll those dice!
svelteParticipantI am baffled that people thought the US Govt would sit by idly and do nothing. That’s what Hoover did in 1929 and they aren’t about to repeat that purist “no federal relief” stance of his that prolonged the pain for years.
This time around, there will likely be a 3 pronged attack to head off dire straights:
– Government bailout to the greatest extent possible.
– Infusions from countries that we have a trade deficit with (witness the oil producing region and Citibank)…they don’t want us to stop buying their stuff!
– If the first two don’t work, I would look for a spike in inflation….they have a built-in excuse with rising energy costs. If paychecks increase, house values may stop falling and the number of owners underwater can be minimized. The big losers if this does indeed happen: renters and those living on fixed incomes.This is gonna be painful, but I doubt it will be catastrophic given the new interdependencies of economies around the world.
Should one buy or rent right now? The consensus here is clearly that renting is the only way to go. I’m not so sure it is that black and white. Ladies and gentlemen, place your bets and let’s roll those dice!
svelteParticipantThe former owner of 691 Avenida Cordoba in San Marcos told me that, as an individual home owner, they paid off the Mello Roos early – they did this during the mid 1990s. I have not verified that through county records, but I’m sure you realtors have ways to do that.
svelteParticipantThe former owner of 691 Avenida Cordoba in San Marcos told me that, as an individual home owner, they paid off the Mello Roos early – they did this during the mid 1990s. I have not verified that through county records, but I’m sure you realtors have ways to do that.
svelteParticipantThe former owner of 691 Avenida Cordoba in San Marcos told me that, as an individual home owner, they paid off the Mello Roos early – they did this during the mid 1990s. I have not verified that through county records, but I’m sure you realtors have ways to do that.
svelteParticipantThe former owner of 691 Avenida Cordoba in San Marcos told me that, as an individual home owner, they paid off the Mello Roos early – they did this during the mid 1990s. I have not verified that through county records, but I’m sure you realtors have ways to do that.
svelteParticipantThe former owner of 691 Avenida Cordoba in San Marcos told me that, as an individual home owner, they paid off the Mello Roos early – they did this during the mid 1990s. I have not verified that through county records, but I’m sure you realtors have ways to do that.
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