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15 Comments on The Crisis of our time - history repeating itself?
Howdy Tim and Pam
God Bless America!
It never does anygood to keep thinking about what happened to ya yesterday, thats for sure.
Just like you, I also learned you never leave a fallen man behind. When I served our Grand Country.
If folk's would stop and think, there has been a lot worse times in our History. They learned about them in school.
God Bless America and each and every American!
We have had worse times in the country. I think we have had worse times in my life time. Homes are affordable, employment is around 94%, rates are low, the Internet is opening avenues of knowledge and awareness.
We are likely at the dawn of a new renaissance, with new technologies bringing better lives. I am excited about our future.
Richard
Tim.. we are fortunate here in Clarksville that our market has actually faired pretty well compaired to most of the country.`
Nationally - Foreclosures and mortgage defaults are at an all time high, as is unemployment, as is the price of food, housing and energy. Major businesses important to our national economy are folding up. Banks aren't loaning money. The stock market is tracking a crazy roller-coaster course, never seen before in history.
Unlike some of you, I have NEVER seen worse times for our country in my life, and I'm middle aged.
In my market, foreclosures are so rampant that I have developed a new website and e-Book to help people deal with it. http://www.AvoidGeorgiaForeclosure.com
Tim - I agree with you. The Glom and doom talk has to stop before customers can get the confidence that the sky will not fall. I am expecting a record year for myself in 2009. Am i a lottle too optimistic? I don't think so,
If we could just get the media to promote good news, about how good interest rates are and that there are a lot of really good deals out there now, instead they talk about massive foreclosures and how much properties values have declined.
I suggest that everyone visit: www.FixHousingFirst.com and take a stand!
We can hope for the best but I will be prepared for the worst.
Tim & Pam---just an ironic note from Michigan; today on WJR the news stated that "...unemployment
has risen to 7.-%. All I could do was shake my head and wonder why that is so bad when
Michigan is 10.6% & not too many out of Staters commented when we had 7.7%. We are in this to stay, as are many in our area who are PROMOTING home ownership here in Michigan.
We must beware of "prophecy fulfilled" through out this time. We have lived through
other rough times here and AMERICA always rebounds; So, thanks for reminding us.
Barb & Sal
What I don't hear often is that foreclosures are all an all time high because in the past few years more people than ever before were give the opportunity to own a home - even with no money down. We don't hear about all the people that were given that opportunity and are making their payments and are homeowners because of the opportunity they were given. We hear about the ones that didn't make their payments and are losing their homes.
I think it was on The Early Show the other morning that they were talking about these poor people that lost their home to foreclosure. These details may be a little off, but it went something like this: They bought a house for $250,000, no money down. They refinanced it for $370,000. They got behind on their payments and were foreclosed on. They stripped the house & left it a mess. The anchors sounded like they felt sorry for these poor people that had lost their home. I couldn't help thinking these poor people pulled $120,000 out of their home and made more money than I did last year!
I wish we could get more stories about the people that were given an opportunity to buy homes, even with no money down, are making their payments and are now home owners. I guess that doesn't make a very interesting story on the morning news or in the newspaper.
I would challenge all of you to try to get your local real estate reporter to report on some of these success stories. We live in a great country with a lot of great stories. I think it would be wonderful if we could get that story told by the media.
Tim and Pam, these are the times that serve to help us re-think the important things in our lives, if we choose to use the times, instead of complaining and looking for a quick fix. I read that for the first time since 1973, Americans are saving more. Evidently, some are re-thinking.
My main concern is the slide towards socialism. For the last hundred years, people fled socialism to come here to the land of opportunity. Now what are we doing, but getting closer to the type of government they fled. I hope the wall gets built soon to keep illegal immigrants and smuggling out...before it's too late.
Otherwise, the wall will then be built...to keep us in!
God bless America
I have three words written on a piece of paper and taped to my monitor; they are: persevere, diligence and patience.
Hi to all. I'm a new group member. I live in Jamestown, TN on the edge of the Big South Fork. Both my husband and I are veterans of the SEA War and the Cold War. It really is hard for those who never been in the Third World to understand how well off we are and how great this country is. Yes, times are tough but, trust me, "tough" is relative! If you don't believe me, travel to...say...Africa,live on the economy,then come back here! Your relief will be palpable!
We had a saying in the Air Force that the U.S. was "The Land of the Big BX." It is. So, if the shelves are a bit bare, no big deal, they will fill up again...because we will work hard to fill them.
This is THE best place in the world! We've lived in Thailand, Korea, the UK, and Germany...none of them compare to this country. Not even close!
And, as noted in a comment above, people from "away" are still beating down our doors to get in. There is a good reason for that. It is BETTER here than THERE!
I agree with just about everything you have said. I am concerned tha this time is different. I believe there truly are forces out there trying to undermine the freedoms we have taken for granted. There seems to be a subtle and not too subtie actions steering us into a global currency and global governance. When you look at how so many of the worlds crrencies are debasing or holding their currencies down to support our dollar, then you can easily see why a global currency may eventually be seen as the solution to stabize all markets. I certainly do not wish to lose the sovereignty of our nation and I am frightened that this could be a reality if we do not wake up and fight it on every front.
Very well said. The East TN area has faired very well through all of this. The Knoxville area actually has some areas that have expeirienced appreciation during this "horrific ecomonic time".
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