lol i don't even pay attention to the proper use of effect and affect anymore. it crossed my mind for a second when i was posting but then i was like meh i really don't care. i won't use affect unless i am specifically talking about emotions. i don't like affected. i have arbitrarily decided that it is a pretentious word due to the a. it's like who and whom for me. anyhow, i tried to change the title so effect would be correctly used but it resulted in complete failure.
ima, Have you thought about renting your house for a year or so and then putting it back on the market when things in the housing market look a little better.
I'm doing well, but a few of my friends on Wall Street have already been laid off by the big investment banks. (Lehman, Merrill) Furthermore, alot of my friends who are graduating college or just graduated can't really find jobs on Wall Street at this time, as basically hiring has shut down for the past 6 months or so. (like at Goldman Sachs, Citi) Its all cyclical on Wall Street. There are good times and then there are bad. Right now is not the best time. The problem derives from the housing exposure these investment banks have had in that specific department. Many of these investment banks have been forced to cut workforce in more profitable areas just to pare the losses from their mortgage investments.
i believe i told all u fellow d&d clowns to start buying up commodities (oil & gold) like 4-5 years ago
Exactly right! Or you have millions wisely secured! We are in the tip of the iceberg stage. This isn't like 1974-79. This isn't like any of the previous recessions (unless you talk about '29 and I wasn't there for that one) This is really serious- the debt is now pretty much out of control- you have debt interest close to 1 trillion and climbing and all the candidates plan to increase the debt. The dollar is starting to adjust- and only China can help us there for a while at least. The Middle East is very unstable (attest to the fact we have 160,000 troops stationed) Oil is pushing towards $150. I'm paying off personal debt. Going pretty much cash, saving, laying off the market and maybe considering gold or something else more stable than paper with green ink.
Thought about it. In theory, it would work perfectly. But the house is a little bit of a fixer-upper and needs some TLC before I could rent it out. I just don't have the time or money to pour into it to get it ready. Plus, I have a friend who did this and the renters completely trashed it. The house is about an hour away from our current house, so it would be hard for me to police that sort of thing. Unless I found the PERFECT renter, I don't think it would work.
Yeah, that's what I was about to say. Also, I've noticed that most fast food places are as expensive as fast casual places now.
I'm slaying it. SLAYING IT. If the cost of gasoline is going to be enough to put you in a financial strain, why not guard against the risk and hedge your exposure by buying a stock that increases in value with the price of oil? I can't even spend my money at the rate that it's coming in, unless I stepped it up and started making it rain $20's at the club instead of singles.
I agree, prices at places like Chipotle and Quiznos have gone up a buck at least in the past year or two. A buck isn't much, but in percentage terms it is a big rise. It doesn't really affect me since the amounts are small, but its really annoying. I often see people complaining about increases in prices of small purchases like gasoline or food, but these people forget the bigger picture when it comes to their finances. For example they will have exorbitant rates on their credit card debt or they will paying higher than needed rates on their mortgages when they could refi lower. In the end, its ultimately the large financial decisions that make a difference if you are living well or not, but most people are interested in playing small ball when it comes to their money.
