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Nervous?
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<blockquote data-quote="dannyboy" data-source="post: 325064" data-attributes="member: 484"><p>To give you some additional things to think about.</p><p> </p><p>In some areas, property values have gone into the dumpster. Naples Fla is one of those places. Where a friend of mine was doing 500+ closings a month they are now lucky to do 5-10 a month. </p><p> </p><p>So there are a lot of isolated areas that are really hurting.</p><p> </p><p>One thing to think about as well.</p><p> </p><p>In troubled times, it is usually best not to be burdened with excessive debt. Actually that is a good idea for any time. But in tough times, it is really pretty bad. With the costs of living going through the roof, disposable income is shrinking. Check out the local paper and see how many people are dumping motor homes.</p><p> </p><p>So if this economy has you really worried, use your tax rebate to pay of debt. At least those of you that will get the rebate. I for one dont seem to qualify.</p><p> </p><p>d</p></blockquote><p></p>
[QUOTE="dannyboy, post: 325064, member: 484"] To give you some additional things to think about. In some areas, property values have gone into the dumpster. Naples Fla is one of those places. Where a friend of mine was doing 500+ closings a month they are now lucky to do 5-10 a month. So there are a lot of isolated areas that are really hurting. One thing to think about as well. In troubled times, it is usually best not to be burdened with excessive debt. Actually that is a good idea for any time. But in tough times, it is really pretty bad. With the costs of living going through the roof, disposable income is shrinking. Check out the local paper and see how many people are dumping motor homes. So if this economy has you really worried, use your tax rebate to pay of debt. At least those of you that will get the rebate. I for one dont seem to qualify. d [/QUOTE]
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