Business SUCKS

[KMK0420]

thank god i'm still young (early 20s)...

i have time to plan, watch the economy, and make a move...i feel really bad for people who got fucked over in this economy...but honestly, we can only blame ourselves..

auto manufac created products (vehicles) of shoddy quality, and charged a 2,3 or even 4,000% markup on the cost of the vehicles...rolled in money for decades, now people are being frugal, and theyre begging the government for money. you should have handled your business better dickheads! i feel sorry for the autoworkers - all they were doing was making a paycheck - but due to their dumbass leadership, they dug their own grave years ago with the quality of the vehicles, warranties, cost of parts and cost of vehicles.

what it comes down to is that people are being very very frugal. this is causing a decrease in SPENDING...which OBVIOUSLY will decrease revenue for millions of businesses...which means they need less staffing...

i think this is a good thing. this gets america in a position so we can begin working in places that can make a difference, not to mention gets america back on a plain where we just aren't spending out the ying yang with no repercussions..

i'm in customer service for a cable provider. we are INSANELY busy. they want to double the workforce in 1 call center, 1 department...from 150 to 300 employees in the next 2 years. job security i say, but the job fucking sucks! people will starve before they get rid of their TV...or internet....

 

[KMK0420]

oh..man..
must be rough...
your p's bought a house for 100k...and now its only worth 200k...
hey..go suck on your mum's tit..

show some respect dude. there are nicer ways to get your point across.

 

[hippie_lettuce]

I only added that story to indicate that if lenders had not given people loans or "0% down" to homes that they couldn't afford, this mess wouldn't be as big as it is. Really, I don't appreciate any sarcasm or personal insult towards me or my mother.

 

[KMK0420]

I only added that story to indicate that if lenders had not given people loans or "0% down" to homes that they couldn't afford, this mess wouldn't be as big as it is. Really, I don't appreciate any sarcasm or personal insult towards me or my mother.

don't worry, i neg repped him for that...some people just don't know how to verbalize things nicely

 

[luaith]

no..i dont...back at ya...
i just know the reality of things...

 

[sirgrassalot]

no..i dont...back at ya...
i just know the reality of things...

Reality check, I believe you did not comprehend the post. It reads as a down payment to me.

 

[luaith]

thanks...you made it all clear..

Reality check, I believe you did not comprehend the post. It reads as a down payment to me.

 

[Capn]

Greed is completely counter productive in a society without money.

Whats the point of having excess anything when all it means is more work for the same exact benefit.

IE: land; Your greedy and you hoard more land than you need to comfortably feed who every your aiming to. The results are you work harder, and longer and you still manage to feed all the same people. Sure you have an even larger bumper crop but it goes rancid or to the birds if produced with no other intent but to have more..

Back on topic also, I just got hired as a toner phoner. Seems like this business is always hiring.

 

[sirgrassalot]

Actually I think it was they bought a house for over 400 k and now its worth 200k Someones been taking too much sugar

and the down payment was ....

My parents purchased what they saw was their "American Dream" house in 2006, with a down payment of $100,000. But, their house's value has dropped more than 50% in the last two years, down from $447,000 to the mid $200s.

theregoesjojo yeah man no problem just clarifying the insult was off base.

 

[BigHerm]

no..i dont...back at ya...
i just know the reality of things...

they bought it for 400 and its worth 200, what are you talking about man?

 

[Mrs.Babba]

Ya Ive been unemployed since last April, I have always worked and cant seem to find anything...I hope it picks up soon, not sure if its just me but Ive seen a whole more ppl standing on the side of roads with signs asking for help!

 

[luaith]

Ya Ive been unemployed since last April, I have always worked and cant seem to find anything...I hope it picks up soon, not sure if its just me but Ive seen a whole more ppl standing on the side of roads with signs asking for help!

thanks for your support...

 

[madrecinco]

Ya mon. Both Mrs.Swamp and myself were laid off November of 07. She was 5 months pregnant and we got laid off the same day. We have not been able to find decent work in our field since. Our career depends on the real estate market and there are NO houses being sold right now. So, we cant go do the lot and block surveys we used to. No sales= no surveys= no job. It sucks man.

I am seriously thinking about becoming a mortician or something in the medical field cuz folks will continue to get sick and die. Those two things are recession proof. But even a lot of hospitals are laying folks off.

Learn to grow food. Start a garden and get to practicing good gardening routines. Once the dollar is worthless, the wealth will be in the hands of the folks who have food to eat. I am planning a big life change. If things get worse, I am moving to the hills and starting a small farm. Enough to feed my family. There are 12 acres available and I think I could farm ten of them. If it is done right, we should be pretty self sufficient.

I pray that things will turn around but it doesnt look good. corporate greed has raped this planet and left her beaten and whipped. Once there is no clean water to drink, I think we will finally wake up and realize that this crisis is in your face, not far away.

I have been getting shit from my wifes family about me not having a job. I get so pissed cuz I am not the deadbeat type. It's like, dont these people watch the news? They must think that the economy is some office in a far away land. I irritates me to the core to be looked at like I am not doing everything I can to get a job when it is obvious that businesses are NOT hiring instead laying folks off.

All I can say is we better wake up and realize what is important in life. We dont need TV, designer clothes etc. Matter of fact, I look at folks who still blow cash on fancy clothes as complete morons. Looking good should not be as important as saving as much money as you can to survive the long haul. Coogi is not a part of my diet.

I think all of us are changing our priorities lately and blowing cash and going in debt is a thing of the past for most of Americans....I like that Obama fired the head of General Motors....first time I remember a Pres doing that.....but things are going to open up in Florida before it does elsewhere so you will be fine and tell your in laws to buzz off and give you a break...but I know ya gotta keep the wife happy sooooo maybe not.....te he


There is going to be a lot of constuction here from the stimilis package soon also.

 

[barletta]

there's a reason why more millionaires came out of the great depression than at any other time in US history.

Inflation. A million before the depression was worth MANY times what a million after was.

I am REALLY sick of people who bitch about the lenders and mortgage co's. Did your parents think that the house was REALLY worth 1/2 a million? Did they think that RE would go up @ 8% per year forever? All of the people who bought homes with little to no downstroke (or poor credit), did they think that they REALLY deserved to get a loan considering they KNOW they are a poor re-payment risk?

The problem can be traced DIRECTLY to personal accountability. Yes the regs were relaxed, but it is still up to the consumer to say "Gee, maybe I SHOULDN'T take this 3500/mo mortgage." How many of the people who are now facing foreclosure due to a variable rate or negative equity were only in the house to make a profit in the first place? Risk/Reward.

Why aren't the renters up in arms how the housing market has deflated the dollar? Because it is much easier to blame politicians and banks, then it is to say "Maybe I should have exercised personal financial restraint before I leveraged MYSELF @10:1"

Buyer beware is a founding principal of capitalism. Should predatory lending practices be stopped? Of course, but no one FORCED people into adj rate loans on their McMansions.

 

[hippie_lettuce]

Barletta,

I completely agree that people should take personal accountability for their financial decisions. My parents were not intending to buy that house because a) banks or lenders were practically giving away $ or b) they wanted to make money off the house because they thought its price would keep rising. They bought that house and put that down payment because they wanted to live in it. Like I said, it was supposed to be like a physical realization of the effort and work that they did over the years. Maybe you had misunderstood the part where I mentioned the price of their house. That was only said to show how much the price has dropped in such a short time. I also mentioned that they want to refinance and try to get a cheaper mortgage but they can't; I did not say that they cannot pay for their mortgage. Again, I said that to show how the lenders' (and the people who couldn't afford to pay for the houses that they bought) actions affected people like my parents who tried to do a responsible thing by putting a large down payment so that they could make their mortgage affordable.

Now my only gripe is that personal responsibility also has to extend to those lenders and banks, and to those people who bought those "McMansions." Of course somebody who wants to be a homeowner will jump at the opportunity to buy a house because he doesn't have to put a down payment or he can get a loan with a fairly low interest, even if his credit is bad. So, in retrospect, the lenders should have had that foresight. there is human irresponsibility, and that is why they should not have offered those loans.

we can do this finger-pointing all night, but the fact of the matter is that everyone is responsible. I just point two fingers at the bankers and lenders because if those offers had not existed, then perhaps most of these foreclosures would have been prevented. You must understand, people three or four years ago generally were feeling financially comfortable. They didn't think that bubble would pop. No one ever does until it does, and then they have a sense of regret. No one pointed a gun at anybody and said, "Take the loan, damn it!" but people wanted to make more money. And, they saw an easy way to make money in the real estate industry. The banks just made it easier for them to do so.

Sorry OP for the sidetracking..

 

[barletta]

We disagree Hippie Lettuce

IMHO, your opinion is that of the majority. That guns kill people, and cigarettes, and fast cars. People don't get in debt because they don't exercise restraint, they get in debt because someone is willing to lend the money.

The offers existing was a LARGE part of why the stock market was so consistently successful. The same people who earned stupid returns on their 401k every quarter, leaving it there, not putting in ANY effort other than 25% here, 25% here, 12.5% here... Do people who had a % in the 'high risk/high reward' check box understand that they consistently won due to the spend, spend, spend?

ANYONE willing to step back and take a look at where things were headed understood that they were in BIG trouble if they weren't liquid. The people that just said, "I own a home, I'm rich! I have a 401k, I don't have to REALLY save out of a paychek!" decided to do no work, yet expected to continue to make profits.

HL, I wasn't referring to you or your parents in my entire last post, I was only using real estate as an example, and the 447k that you stated. Just looking at things objectively, did they need to live in a home that cost 447k? Assuming they had great credit, a good loan guy, and the 100k downstroke, they are still 4k+/mo on a 30 year fixed. Do they/did they make 4k/wk? If not, then they were in the house as a 'guaranteed investment'.

Sorry, but I did re-fi after re-fi where people looked at their property like it was a money press. Pay off 75k in CC's, go on a vaca, and the mortgage stays the same. That's ALL people wanted. NO ONE was re-fi'n because they would get a better loan and pay off the home sooner, or because they could save 50k over the life of the loan. Show someone the equity going from 80% to 30%, and they smile and say "But my payment only goes up 200/mo?". Guess how long people stayed clean on the CC's after a re-fi to wipe em out? 2-3 years, and they were RIGHT there. I broke in buy re-fi'n my step father's previous's. He did loans starting 01ish, and I started in 04. I re-did about 1/2 of his customer base, and prolly 90% of the people I did'n re-fi either went somewhere else, or were credit dogs. I didn't do much sub-prime. Sub prime was sleazy, but that is not what the mess is over. People thought that a house was a rock solid 8% per year forever. They let wall street move their money into betting that it wouldn't end. When the crunch started was late 06, and it wasn't sub prime loans going bad. It was shrinking property values.

Again, I'm not at all directing this at you and yours, Hippie Lettuce I'm saying that it was a general way of life. The housing market is/was a ponzi scheme. The dollar is a ponzi scheme. The media tells us to hate banks and Bernie Madoff, but they don't tell us to save 10% of each paycheck, and only spend 25% on housing.

EDIT - Sorry , I got WAAAAAYYY off topic of the thread. Yes biz sucks. I work in the 'produce sector', and biz is off. I just think that the lack of responsibility on the part of the 'homeowners' is never spoken of, because it would piss off 80% of the money in this country.

I don't blame the banks, period. They are in the business of making money. This is a free market, capitalistic society. That's the way it works. Now if you want to talk about the bank's lobbys, and the way that certain people end up working to make policy that favors the banks, than yeah. But you know what? One of the biggest threats to this country is lobby groups. Guess why you never hear about them???

 

[WhoMan]

The housing market is/was a ponzi scheme. The dollar is a ponzi scheme. The media tells us to hate banks and Bernie Madoff, but they don't tell us to save 10% of each paycheck, and only spend 25% on housing.

And the media does not tell us how many planes landed safely either but damned if a plane crash doesnt fly across the news. No pun intended (Just venting some media frustration)

 

[tenotoge]

i feel for you man. Just makes people in school like me want to make a bunch of money quickly and get out of the game.

 

[barletta]

i feel for you man. Just makes people in school like me want to make a bunch of money quickly and get out of the game.

What does that mean? Work for a time, than not work? Not contribute? That is my point. The goal has gone from "be productive/support solid productivity" to "sell hard/support perceived expansion".

The laws of the universe say that you will get out what you put in. Growing weed has SMACKED me in the face with that. I used to sell cars and car loans, then homes and home loans, and I worked hard, but 20k comission checks - did work 20k hard??? Fukk no. I would done the same amount of work on a 750, or selling a car for 50 bux. When I didn't work for the money, I had no appreciation for it.

Pre-spammage.
http://www.anewwayforward.org/demonstrations/

 

[kmk420kali]

If your in the construction field like me(your fucked),that industry will not come back too fast.Even south florida,which for the last 20 yrs ALWAYS had work is now dead.If your in the healthcare field,old folk,government,.....they will see a boon.
Everyone else better turn another light on,rents due tommorow!!!

Here in Cali, the new construction industry is floundering also...but the Gen Contractors doing re-models and maintenance work are booming!!
Ppl are not buying new homes...but they are fixing up and upgrading the ones they have-- I have been busy as hell, actually turning down jobs!!
Hope things turn around for you, Peace--