does any of this Recession talk scare you?


JaguarNation99 said:
That's not exactly accurate. A recession is two or more successive quarters of negative economic growth (measured by GDP), not just slower or lessened economic activity. Right now we have slowed economic activity, but not negative growth, at least not yet.

As far as your question about selling property, that depends on your area, as real estate is an extremely local business. What is happening with real estate in Nashville, for example, has little to do with real estate in Dallas. Markets vary greatly even in the same city or metro area. While most places are having tough times in real estate, there are markets, like Charlotte and Seattle for example, where real estate is still booming. You would have to evaluate your indivual market to decide.
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gotcha. :tup:
 

jag4life said:
It never lived in some places (some households). It is thriving in others.
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well dang, do you know how much money I could have living with
momma!!!!!

Maybe all this moving out, gettin' a mortgage isn't so smart.

I still don't understand the dude that has a job, living at home
and always broke :confused:
 
Tony said:
You are right.

Most of the upper income people I know are talking about saving the money.

All the lower income people say they have already spent the the money.

Thank you for you responses.

Now can you help me make sense of this

Every tax season, usually before I even receive a W2
I see lower income people getting
4- 10k back in taxes, And less than 30 days later, they?re broke again.
Then 11 month later they receive the same 4-10k again, but they?re
Habitual broke-ness, and quality of life never changes.

WHY???
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General statement - We (americans) don't understand money and basic economics.

These are many of the same people that pay to get their money back early, because they cant wait 4 weeks or take a loan at a high interest rate on their returns. There are many reasons for these things, some have bills to pay, other go and buy things that some would consider a waste. There is no one simple answer, some is waste, some is need. The working poor are squeezed, but also due to a lack of understanding about money, many times bad decisions about money are made.
 
jag4life said:
Well we COULD decide to open up oil reserves in the U. S. and also allow more drilling in the gulf and Alaska and POSSIBLY reduce our dependence on OPEC... but that ain't happening any time soon.
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There is NO interest by the people in power and oil interest in lowering the price of oil or on energy independence, the best you can do is own interest in Oil.

When the government is SERIOUS about fighting terrorism, you will see a major investment in energy alternative research. Until you see that, the war on terrorism is just a quest for power.
 
Tony said:
well dang, do you know how much money I could have living with
momma!!!!!

Maybe all this moving out, gettin' a mortgage isn't so smart.

I still don't understand the dude that has a job, living at home
and always broke :confused:
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If I had the option of living at home during my 20s, I would have. Save as much money as you can, pay off ALL of your debt, save for your house and other investments. Get a room when you need your privacy. :swink:
 
Olde Hornet said:
There is NO interest by the people in power and oil interest in lowering the price of oil or on energy independence, the best you can do is own interest in Oil.

When the government is SERIOUS about fighting terrorism, you will see a major investment in energy alternative research. Until you see that, the war on terrorism is just a quest for power.
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WOW!!!

I'll be purchasing some oil stock today, thanks :tup:
 
Olde Hornet said:
If they really want the money spent, they would give it to the working poor through the lower middle income brackets. In reality, most of the people that I work with will save their checks.
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Once the government puts that money out there, even if you SAVE IT, it is still put back into the economy. When you put that money into a SAVINGS ACCOUNT. The bank gives you interest on that money. The bank can only give you interest on that money IF they receive more interest than they give. That will allow them to LOAN/INVEST that money. Who wins? The government because when you put that money into the bank, the bank pays the government INTEREST on the money it borrows from the government.

So outside of burning the check up, it goes back into the economy and generates more money than the government could by holding on to it.
 
Da_Sperm said:
Once the government puts that money out there, even if you SAVE IT, it is still put back into the economy. When you put that money into a SAVINGS ACCOUNT. The bank gives you interest on that money. The bank can only give you interest on that money IF they receive more interest than they give. That will allow them to LOAN/INVEST that money. Who wins? The government because when you put that money into the bank, the bank pays the government INTEREST on the money it borrows from the government.

So outside of burning the check up, it goes back into the economy and generates more money than the government could by holding on to it.
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True, but they want you to buy stuff.
 
Tony said:
yeah you could call it Tony's PayDAy Loan!!!

have a bunch of small writing like this
and make $100 on every dollar
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If you were a bank you could "lend" $9900 for every $1000 in cash deposited. That way you'd make even more in interest.
 
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