Scrappers control the Currency of the future! Hold your Copper, Silver, GOLD FINGERS

for the conspiracy theorists let me elaborate holding in a down amarket is usually a good move the dollar has fallen as far as 3rd wave of foreclosures what NEEDs to happen in this country is for house /home prices to come down to the least common denominator in the 40"s you could buy a house for $5600 in the 50's 7k in the 70"s $20k today in my area the median home price is $200k yet we have one of the highest unemployment rates and only a median salary average of $36k accross the sate in a state where somerset county holds th e highest capita of millionaires in the country WTF

home prices have top come down to make it affordable for people to move out and into a home

Fact homeownership creates jobs
Fact average person moves 7 times in their lifetime
Fact as home prices increased and Wages decreaded the middle class line was desimated

there asre more home in refinance right now than new mortgages

there are more college grads working in walmart than the government

us has invested money in mortgage backed liar loans so when the mortgage market tanked so did the loans



if we had our youth excited to buy starter homes that were affordable that would get $$$ flowing back into a already stagnant realestate system thus moving the economy forward

I disagree a bit. (ps i am a homeowner and 30 years old, bought in 08 just b4 the crash.)(licensed RE Agent)
(our housing market is the house of CARDS)

It the lending that is getting us in trouble. New Home Buyers Use FHA %90 of the time. Hence Freddy and Fannie are so In debt.

people are putting $2000 down on a house worth 60 k. This saving of 2k does not make a buyer qualified for such a commitment.

We built this country on DEBT
Now the DEBT is coming back for the rest of it.

More home buyers means more DEBT

Less Home Buyers means more UNEMPLOYMENT

then so be it. Go create your own job. I did.



Asking people to keep buying homes is like saying lets keep this tilt a whirl of death spinning.


like I said, preparing for another crash.

lets assume your right for a second that scrappers controll the currency holding doesn"t make it worth more any open mine producing puts you right back out of the running

the problem with commodities is they are based on limited supply if i am hodling and you are selling my commoditie becomes less valued

Originally Posted by ScrapmanIndustries

Buy a home? Not unless prices fall drastically. Or unless employers feel like actually paying us more. Once the oil fields went under i couldn't even afford to live in some crappy rv I had parked in some crappy rv park. Most of the jobs I was able to get were only around $10 an hour even after having spent 3 years in the Army. Meanwhile we would have meetings in the beginning of the day where the boss would tell us the numbers game. While the company was claiming record profits in the millions, their production force was making $8-$10 an hour no matter how much work we did. And they were still trying to find ways to not pay us as much.

Unsolicited old guy advise. Managing your money, Go on line and find Dave Ramsey's web site. If you follow his advise you will love yourself for it, so will your family.

Ready yourself for the job market. Find a job you can see yourself doing that you will make a good living at and get yourself qualified.

Not all good paying jobs require a college education. My friend is a front load garbage truck driver and gets paid in the 70k area. Like most jobs its hard work and takes lots of practice to get good at it. The really big negative is you have to go to work at O Dark Thirty.

Locally we have a community college that has some great training in HVac and facilities maintenance and the costs are covered by the Pell Grant program. The lowest medical lab tech should get paid more than you are talking about it.

We live in a Capitalist economic system, thank god and the founders, which allows you and I freedoms that others don't have. I can buy my goods and services from whom ever I want. I can take my labor and work for who ever I want.

You will find that as the economy gets better wages go up, why because qualified employees are valuable. If there are less jobs then the pay is lower and benefits are less.

I'll say one other thing that I have advised to my own grown children(they ignored me): Consider Tx, Tn or some other growth state. For some this is scary to do the big move but for me its always been just another challenge.

Never rely on others to make your life better. Enough with the sermon. 73 Mike