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how is the economy effecting you?

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Grasshopper:

--- Quote from: ark_ader on August 10, 2010, 08:19:53 pm ---With the spare cash invested in commodities, I can make money by paying those around me less than they are worth.  Because I can do it.  Tradesmen, builders and even coders are all not exempt and have to bid on any work that I need to contract out.  I also pay 90 days.  I can do it,  as do many others.

--- End quote ---

Charming. If it's in your nature to behave like a --cream-filled twinkie-- then so be it. But do you really need to brag about it?

danny_galaga:

--- Quote from: RayB on August 11, 2010, 11:26:21 am ---
--- Quote from: danny_galaga on August 11, 2010, 04:17:30 am ---He suggests that because gold (but especially silver) is supposed to be set to increase dramatically in value in the coming years...
--- End quote ---
Again??   It was under $900 usd just over a year ago. Now its around $1200.



--- End quote ---

Silver especially. Word is, we are just about done with what we can easily get out of the ground. But silver is used a lot in industry. Therefore the value is set to soar. Of course that's not necessarily going to happen. For instance, maybe there'll be some huge new discoveries of silver reserves. Or maybe some other more common material will be discovered to be a viable alternative...

javeryh:
The depressing thing about all of this is that people are just going to get bailed out.  I save, spend responsibly and I have no debt other than my mortgage (which is pretty reasonable).  Everyone around me works less, spends more and just doesn't care.  I'll be the idiot paying full tuition for my kids to go to college while everyone else gets financial aid and BS scholarships.  A guy I know just walked away from his house.  It was underwater so he just moved and there will be barely any repercussions.  I get angry thinking about it.

Dartful Dodger:

--- Quote from: javeryh on August 12, 2010, 09:47:13 am ---Everyone around me works less, spends more and just doesn't care.
--- End quote ---

The problem now is that people who have jobs are working more, so more people are out of work and the people with money are spending less, so the money that is out there isn't being spread around.


--- Quote from: javeryh on August 12, 2010, 09:47:13 am ---The depressing thing about all of this is that people are just going to get bailed out.  I save, spend responsibly and I have no debt other than my mortgage (which is pretty reasonable). 

...

I get angry thinking about it.

--- End quote ---

You're just as guilty when it comes to being bailed out. 

You got your bail out when you bought your house at a good price and all the spending the government is doing to keep you employed.

Making/saving money is all about luck. 

You're lucky to have a job, you were lucky to buy a house at a good time.

Your friend and I are lucky that the economy is so in the toilet that laws are protecting us from our overpriced mortgages.



I might be able to sell my place and still make money, but if I can't I need to be behind 3 months before the bank will consider refinancing or allowing me to do a short sale.  My lawyer says it's better to stop paying now, because if I do have to do a short sale any money I pay the mortgage company now will just be lost.

CheffoJeffo:

--- Quote from: Dartful Dodger on August 12, 2010, 12:01:08 pm ---You're just as guilty when it comes to being bailed out. 

You got your bail out when you bought your house at a good price and all the spending the government is doing to keep you employed.

Making/saving money is all about luck. 

You're lucky to have a job, you were lucky to buy a house at a good time.

--- End quote ---

That is the most ridiculous nonsense I have ever heard and a complete abdication of personal responsibility.

I have the job that I do because I made that happen.

I bought my house and didn't end up underwater with my mortgage because I did the math.

I totally understand that the economy has had adverse effects and put people in unfortunate circumstances that they did not forsee and could not avoid, but that definitely doesn't mean that people who have been responsible and prepared and work hard are just lucky.

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