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how is the economy effecting you?

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danny_galaga:

--- Quote from: WhereEaglesDare on August 10, 2010, 07:52:28 am ---
--- Quote from: jamesjones626 on August 09, 2010, 11:15:33 pm ---
--- Quote from: ark_ader on August 08, 2010, 09:02:24 am ---It is effecting me in a positive way.

There is a lot more cheap labor out there.

Why pay anyone $15 an hour when you can get people for $6.50.

Let's hope it stays this way for a while.   :applaud:

Happy days.

--- End quote ---
i love mexican labor too my friend.  Why pay someone full price when you can get us for a case a beer?  I like this attitude of "get the illegals out!".  Now for most people when they hear illegal aliens they think mexicans and nothing else.  In my opinion the USA need us here, its a necissary evil.

--- End quote ---

Okay here I go, off the deep end....

If there was no minimum wage then employers could play legal workers what they thought they were worth.  With Minimum wage at 7.25 they have to sit and think, is that guy WORTH my 7.25 an hour....  Plus all minimum wage increases do is create a false sense of a pay raise, when it goes up, so do the costs of most products because the people making, ordering, selling, shipping these products also may get a "pay raise" which in turn increases the cost of the labor across the board. 

If the government wasnt making employers pay a minimum wage at a point of a gun, then labor would be cheaper for legal citizens and workers and the cost of most products would go down.

--- End quote ---

No, if employers could pay whatever they wanted, most of us would be 'serfs' living from day to day. Cost of living would be way out of reach of most people. The difference employers save in not paying you so much won't go to services and products being cheaper. It will mostly go to their pockets  ;)

there's a book called 'Going Postal' By Mark Ames. I recommend it. Part of the book goes to explaining why the average worker in the US is worse off now than in the 70's...

Dartful Dodger:
I just bought a house so I want to unload the condo.  There's a bunch of condos in my building that are going for 4 grand less than I owe on mine and they aren't even selling.  I'm going to talk to a lawyer this week to see if I should let the condo go into forecloser or try and negotiate a short sale with the bank.

It'll screw my credit rating, but I have a house, a car and credit cards so I figure by the time I need a good credit score again I'll have built it back up.

Again, I'm not sure how forclosers/short sales work especially when you can afford to pay your mortgage and you’re just choosing not to. If they can take the difference out of my paycheck or take the other house, I won’t do it.

HaRuMaN:
They can most definitely hit you for the difference.  Your best bet would be to take the $4K loss and be done with it, no fouled up credit, no one coming after you for money.

Dartful Dodger:
In Illinois a house loan is like a car loan.  They should just take the car/house if you can’t make the payments. Since I can make the payments I might have some issues.

It might take a few months for them to actually foreclose so I need to know what bills I need to keep paying.  Because the utilities, tax and association fees are separate from the house. Plus I need to make sure my insurance is kept up to date.

That's why I need to talk to a lawyer to make sure I have all my ducks in a row.

HaRuMaN:
Is finding a renter an option?

Might allow you to keep the place until the housing market gets better... 

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