What are you doing to help the economy?

I paid $250 to the Village of Robeline, Louisiana, yesterday. Even in a slowing economy, they know how to fund their government.

 

I'm waiting to buy a house at the bottom.

 

it has already come in texas and will be here for awhile.

 

Many parts of Houston are still seeing rising housing prices, so if you are buying in Houston, be very selective.

 

just bought a new home

 

What are you doing with your refunds that will be coming in May?

Not getting a refund but ...

Blew huge wads of money on a Streamboat Springs ski vacation. Got 2 days of skiing in. Woo hoo.

 

I'm in SW Oregon. It's nowhere close to the bottom here. We're tied in many ways to the Northern California markets.

 

i'm saving my hard-earned cash, suckers.

 

1. Saving

2. Not traveling as much

3. Protesting the IRS (lowering payroll and income tax)

4. Turning dollars into assets.

 

I would suggest that in a low interest rate enviroment and with looming inflation (as the US prints up endless dollars), it would be time to buy a house you can pay for or to purchase durable goods you're going to need. Be sure it's a house you plan to live in for at least 5 years.

Not if you owe on high interest revolving accounts though.

 

Alcohol, prostitution, and bail bonding are historically depression proof correct?

 

Well if inflation goes crazy you might wished you pulled in some debt.

 

Unless there is a massive prohibition or total eradication


Which is very unlikely?

 

I failed to mention the single best thing you can do if you have the option available to you. You need to refinance any high interest or non-deductable debt with low interest deductable debt.

If you have any home equity and a reasonable credit score, you should use it at this time to pay off your credit cards, car loans, etc. almost anything outstanding. The home equity loan or home refinance loan rates will be appreciably lower than any other loand rate and it's tax deductable.

I know appraisal rates could be a problem around the country, so be sure you don't fall into the loan/value situation where mortgage insurace is required.

 

I'm not using credit cards or taking out loans for Cars or anything else...except the mortgage. After all, and over-extension of credit is whats causing this slowdown.

 

I will be donating the entirety of my check to the Vermont Socialist Party.