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View Diary: The Euro Crisis by the numbers (165 comments)

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  •  Karmsy everybody is broke (4+ / 0-)
    Recommended by:
    karmsy, Odysseus, ozsea1, Actbriniel

    after 4 years at 40% of my former income I have no more savings and neither do most of the people I know. As a  small business to business owner, I'm hooked into the larger messed up 'economy' just as much as someone who works for a too big. We all are interlinked. I paid down all debts in 2007-08 and paid down our mortgage to where it's kind of affordable. I moved all money and mortgage to a CU. If it crashes again I still need a income to make my mortgage and pay my living expenses how can most of us hang onto what we have  let alone save and invest in property.      

    •  You ask fair questions, ones I'm (2+ / 0-)
      Recommended by:
      ozsea1, shaharazade

      grappling with, myself :)

      I live in an area that has traditionally had exorbitant property values. It frustrates me enormously that right at the moment the real estate market bottoms out, I can't take advantage of it.

      I could not buy real estate in my area, with my current means and resources. Period. I couldn't scrape together a down-payment, I couldn't qualify for a loan. Even if I were willing to spring for a foreclosed property--which I'm unsure I'd do, for moral reasons--it wouldn't be possible.

      It's here they got the range/ and the machinery for change/ and it's here they got the spiritual thirst. --Leonard Cohen

      by karmsy on Sun Nov 27, 2011 at 06:33:27 PM PST

      [ Parent ]

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