Never seen so many citizens struggling financially

[Fishhead]

Times are really tough in this country.

Count me in on those that are struggling.

[Fishhead]

Think when this $8,000 housing credit offer expires, we are also going to see an end to the tiny "somewhat" upswing in the housing market a few areas have experienced in the past nine or so months.

[jjgold]

Yes it is tough

Anyone one young that wants to get married and have a family is really heading down a sad path

Have no clue how family of 4 is making it with mortgage, etc

If your single with no kids you WIN no matter how bad economy is , never forget this

Do not let a pussy wreck your fukkin life

Everyone save this post, worth more than 10k a year of gambling winnings

[Fishhead]

Yes it is tough

Anyone one young that wants to get married and have a family is really heading down a sad path

Have no clue how family of 4 is making it with mortgage, etc

If your single with no kids you WIN no matter how bad economy is , never forget this

Do not let a pussy wreck your fukkin life

Everyone save this post, worth more than 10k a year of gambling winnings

[jjgold]

Fishler people make their lives way too difficult because they do not think but react first, spontaneous is not in anymore because there are consequences

[Slim]

Think when this $8,000 housing credit offer expires, we are also going to see an end to the tiny "somewhat" upswing in the housing market a few areas have experienced in the past nine or so months.

What is this $8,000 housing credit and when does it expire?

[Joe Dogs]

I was talking with some kids that just graduated college down at the gym I work out at.
Most of these kids are pumping gas or working in fast food joints If working at all.
You have to consider yourself lucky to be employed these days.

[Fishhead]

What is this $8,000 housing credit and when does it expire?

First time homebuyers or those that haven't owned a home for a length of time have been given an $8,000 credit for purchasing a home in recent months.

I think it expires in a few months if not mistaken.

[Fishhead]

First time homebuyers or those that haven't owned a home for a length of time have been given an $8,000 credit for purchasing a home in recent months.

I think it expires in a few months if not mistaken.

What is the first-time homebuyer tax credit?

The first time homebuyer tax credit is a refundable federal tax credit for homebuyers who have not owned a home within the past three years. To qualify, you must purchase a home on or after April 9, 2008, sign a binding sales contract before May 1, 2010, and close before July 1, 2010. Your home can be a single-family house, a condo, a co-op, mobile home, or townhouse, and must be your principal residence.
The tax credit is worth 10% of the home's purchase price, up to a maximum credit of:

• $8000 for homes bought in 2009 and 2010 ($4000 each for married filing separately)
• $7500 for homes bought in 2008 ($3750 each for married filing separately)

For the 2009 and 2010 tax credits, you do not have to repay the credit as long as you own and live in the home as your principal residence for at least three years.
The 2008 first-time homebuyer tax credit has to be repaid. In effect, the tax credit is an interest-free loan from the federal government that must be repaid in equal installments over 15 years.

[Fishhead]

I was talking with some kids that just graduated college down at the gym I work out at.
Most of these kids are pumping gas or working in fast food joints If working at all.
You have to consider yourself lucky to be employed these days.

RELOAD thanks SBR everyday..............

[Slim]

It's nice to get 8 free dimes.

[GELATINOUS CUBE]

Good points, single is the way to stay. There ain't no jobs right now. Everyone is laid off. White, black people with degrees, vets, whoever, no jobs.

Being a gangster is pretty recession proof though, from what i've heard.

[Fishhead]

It's nice to get 8 free dimes.

Not really, and here is why.

You buy a house for 159,000 and get the 8 dimes..........

1.5 years later the cottage is worth 143,000

[BatemanPatrickl]

Good thing our elected officials are working hard to fixing the problems

[Boner_18]

I heard two ladies on the subway talk about how they were struggling. After talking about how they were filing for assistance they both promptly took out their i-pods. Struggling. Hah.

[Fishhead]

I heard two ladies on the subway talk about how they were struggling. After talking about how they were filing for assistance they both promptly took out their i-pods. Struggling. Hah.

It's called being in debt up to your eyeballs.

[Outlawdino]

Until last year, I have never really had any friends that had any "hard times"...but, now my good friend and his wife lost their house and are now getting a divorce (they have a 1 yr old girl)...another friend is getting a divorce (they have different views on finances)...both of my brothers lost their jobs (one of them will probably walk away from his house)...two years ago I was part of company wide layoffs at a company that never had to let employees go in the past (the economy really hit this company). It seems to be survival of the fittest. I guess opinions will vary based on where one lives and the occupation as well.

[capitalist pig]

I heard two ladies on the subway talk about how they were struggling. After talking about how they were filing for assistance they both promptly took out their i-pods. Struggling. Hah.

Point on there.

later

[bobspicks]

Yes it is tough

Anyone one young that wants to get married and have a family is really heading down a sad path

Have no clue how family of 4 is making it with mortgage, etc

If your single with no kids you WIN no matter how bad economy is , never forget this

Do not let a pussy wreck your fukkin life

Everyone save this post, worth more than 10k a year of gambling winnings

This is very true keep your johnson wrapped guys trust me.
I'm divorced paying alimony and child support then thats just to start I also have 2 other kids by 2 other women.
So all and all I pay for 3 kids seperate which is worse because during rough times they all try and get more money out of me.
Then the alimony gets raised also as the cost of living goes up..
Im at over 4 grand a month right now
The worse part is if I dont win 20-30 units a week I start falling behind

[jayc88]

RELOAD thanks SBR everyday..............

[mmike032]

housing market will start to come back this yr.
it will probally never be as good as it was but the market had to correct itself
the credit will have little to no effect on the market.
I'm already seeing an upswing in my local market

[lakerboy]

If people were smart they would have saved money for tough times. It doesnt affect me at all but i have a good friend who lost his job 13 months ago. He is on vacation right now for 5 weeks with his whole family. He saved 1500/mth for the first 12 years of his marriage and told me he woudnt go back to work until the right job comes along. I offered him a job at one of my places and he said no thanks. Saving is very important and most that are suffering now never saved.

[Grind House]

Yes it is tough

Anyone one young that wants to get married and have a family is really heading down a sad path

Have no clue how family of 4 is making it with mortgage, etc

If your single with no kids you WIN no matter how bad economy is , never forget this

Do not let a pussy wreck your fukkin life

Everyone save this post, worth more than 10k a year of gambling winnings

Best thing I heard you say since I've been on this site my man.

[michalis]

its tough on everyone but things will pick up, just hang on

[AnotherLoan]

Yes it is tough Anyone one young that wants to get married and have a family is really heading down a sad path Have no clue how family of 4 is making it with mortgage, etc If your single with no kids you WIN no matter how bad economy is , never forget this Do not let a pussy wreck your fukkin life Everyone save this post, worth more than 10k a year of gambling winnings

But some people don't want to end up old and lonely like you JJ. Some people actually want to have a family and watch their children grow.

[Fishhead]

But some people don't want to end up old and lonely like you JJ. Some people actually want to have a family and watch their children grow.

Buy a houseplant or take up farming.

[babyanni]

its tough on everyone but things will pick up, just hang on

not sure if it will ever pick back up, but they say it will everybody thought i was crazy because im 29 with no kids living below my means now im watching both my older brothers struggle with 3+ kids and all those payments so glad im not in that mess.

[babyanni]

Buy a houseplant or take up farming.

or get a dog.

[babyanni]

But some people don't want to end up old and lonely like you JJ. Some people actually want to have a family and watch their children grow.

watching other people in my familys kids grow works out just fine. much cheaper and allows me to use those funds for things that most cant do right now. who dies old and lonley these days?

[statnerds]

the housing credit will never expire. worst part is no one knows how bad the economy actually is because of smoke and mirrors like cash for clunkers and tax credit for home buyers. if that expires it will get much, much worse. and when health care passes and everyone's taxes go up, it is going to get worse. businesses ain't gonna hire anyone with cap and trade and health care hanging out there. and a tax credit for small businesses to hire? who the fukk is going to pay someone $50 or $75K to save $5K?!?!?

the economy is worse than you think it is.

go ahead and google moody's warning about downgrading US bonds.

we are fukked people and health care will end it.

[ngates815]

Young people need to save there money, and not go out drinking every night when they turn 21....Get some beer and split it with buddies and watch sports or **** around whatever, just don't blow all your money at bars. My brother going into college had 14k saved up, came home after his junior year with 1k, and it was all spent at bars and random shit.


I didn't go to college, I worked full time from high school...had 30K saved up and my 25K car paid off all by the time I turned 22. Bought a house and put down 25K. Now I'm 25, and I make less than I did when I was 18/19, but I have a company with my father, and it's awesome, much better than working for a boss. My g/f lives with me, and she makes 72K a year, and I only make 45K now.

I don't make too much, but life is fantastic, you just need to save money and realize that when you're young otherwise it'll of been too late, and you'll be in debt.

[mrmarket]

Times may be tough but at least you're a citizen of the U.S.A./Canada or wherever country that freedom exists. I would rather live in one of those countries than be somewhere like India/Mexico in a recession.

[jw]

you just need to save money and realize that when you're young, .

very smart advice ....

Every penny i made between the ages of 16 and 28 went behind a bar ..... took me another 10 years to get myself straight (financially) .. not sure i'll ever be straight (health-wise)

Those years are gone now .... the time for saving was @ 18-25 when I had little to no responsibility and outgoings.

Who knew ...

Would I do it all again though ... ? Probably - it was fkin awesome !!!!

[Fishhead]

Posts #31 and #32 are spot on..........

[Naz18]

Americans can't save, they do the opposite and buy things with money they don't have...or at least they did.