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how is the economy effecting you?
Benevolance:
I completely agree with CheffoJeffo.
CheffoJeffo:
That's because, as saint says, I'm right. >:D
FWIW, I have had my job yanked out from under me in the past, right when my wife was about to deliver twins and we were trying to close on a new house. I had expensive new responsibilities and had to secure a mortgage with no job and no income. I was fortunate to be able to make it work, but the only role luck played was in losing that job.
Chance, in either direction, favours the prepared.
shmokes:
BTW you can't just walk away from a house and rely on the foreclosure to wash your hands of it. You owe the bank a certain amount of money. If the bank forecloses and sells your condo for less than you owe them you still haven't fulfilled your end of the contract and you are liable for any deficiency. Bankruptcy can erase the debt, but the trustee can come after your assets (including your house in most states).
Ed_McCarron:
--- Quote from: danny_galaga on August 10, 2010, 09:33:55 am ---No, if employers could pay whatever they wanted, most of us would be 'serfs' living from day to day.
--- End quote ---
Not sure if I agree. I'd like to think there'd be a magic number where labor and management meet in the middle.
polaris:
--- Quote from: Ed_McCarron on August 12, 2010, 01:52:02 pm ---
--- Quote from: danny_galaga on August 10, 2010, 09:33:55 am ---No, if employers could pay whatever they wanted, most of us would be 'serfs' living from day to day.
--- End quote ---
Not sure if I agree. I'd like to think there'd be a magic number where labor and management meet in the middle.
--- End quote ---
i don't think unions would exist if that were the case
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