Another first of the month has come and gone and it's another month where I made my mortgage payment based solely on commissions earned. No big deal, right? It is, after all, my job.
I am embarrassed to say, we don't have a large savings account. For the past 4 years, we have used all of our "extra" money to fix up and add on to our home. We (like a lot of Americans) thought that adding equity to our home was a GOOD investment.
So when we received notice that our equity line was closed and our home has lost value we were fairly disappointed. Not to say, we have lost all equity because luckily we did make significant improvements, but it isn't liquid value in this current state.
I turn on the news and hear panic and hysteria in the voices of the news commentators and empty promises from every politician. It is difficult to not get wrapped up in the negativity of the world right now.
We had dinner with friends last week and the conversation turned to economy, real estate and politics. Of course it started to go south as that is the feel of people in general. But I have to say wait a sec., we are sitting at dinner looking at our beautiful lake, our children are healthy and we have jobs! That doesn't really sound very negative to me. The response? "Well, we live in a bubble."
Hmmm...I think I'll stay here in my bubble, if you don't mind.
It's not to say that I don't know people who are struggling. My dad's company shut down (after 30 years employment) and left him unemployed and he hasn't found work in 2 years! My younger brother just graduated college and has settled for a job at Starbuck's making $7 an hour. My mom is getting downsized and my husband quit the railroad after 10 years because of paycuts. I recognize the struggles, but choose to think positive.
I am involved in listing and selling REO properties. I get to meet people every day who all have a story with why they are struggling. For the most part the people I talk to are positive. They have prospects and hope. That is what I wish the media would portrey, hope. It keeps us going and makes us all stronger.
There are still a lot of investors out there and people are buying. Hopefully today, so I can pay my mortgage again next month. I'll just pray about it. Maybe my title should have been God payed my mortgage again, because after a day of listening to negative people it seems like a miracle!
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