Recovery Sooner Than Later?
The market is supposed to be a forward-looking discounting machine. It’s supposed to price in what’s expected to happen over the next few months and years. Is the market perfect at this? No. If it were, there would be no real opportunity to do well in it. The market is, however, very good at incorporating…
In my circle of friends and colleagues, I am not in the minority.
And that’s my point.
I have two friends, in fact who were laid off who work in the finance world and both have landed great jobs in the city.
Other than that, I have 2 friends who just got significant raises and have now begun looking for apartments to buy in Brooklyn…both are in their late 20’s…
Perhaps you just run in circles where people are negative and don’t work hard enough.
America was created as the land of opportunity, not the land of, I want everything handed to me on a silver platter, or I’ll complain incessantly about it.
11217, You are one of the lucky ones. I am now seeing plenty of my friends either happy to have a job or getting laid off on wall street. That brownstone buyer is probably getting hit the hardest during this downturn.
quote:
Every little bit helps. 50 bucks a week would be huge…think about it…in one year you will have save 2600 bucks!
i think that’s actually WHAT keeps from saving. 🙁 50 bux a week is a huge amount to scrimp to save, but then at the end of the year ugh im just going have 2600? that blows. tho i guess 2600 is better than zero. grrrr. if i wasnt born in jersey city i would SO not want to live here in nyc and move to a cheaper city.
*rob*
11217 – If only everyone who bought homes were as conserative as you, the economy wouldn’t be in the situation it is now … the point is that alot of people bought homes with no “rainy day fund” and if they lose their job, they lose their home.
11217 – glad to hear your company is doing so well, but you are in a distinct minority. That’s the point.
“yeah i know i can google it but i fear if i google it that it might make it happen so im not googling anything right now.”
if that’s how you feel, then google “how to win lottery” or “becoming immortal.”
Rob,
Saving a small amount per week would be fantastic. I’d recommend ING…they have a really easy and dare I say “fun” website which makes saving a breeze. Ok interest rate also, and you can have it set up to just automatically move money from your checking to savings each month.
Every little bit helps. 50 bucks a week would be huge…think about it…in one year you will have save 2600 bucks!
Not bad.
Start small and you’ll see how fast it adds up.
Named street in Park Slope a block from the Park.
Bought it 2 years ago.
Never regretted it for a moment. It’s well within my means and I’ve got about 3 years worth of mortgage payments in my “rainy day fund”
Any other fear mongering tricks up your sleeves guys…?
ugh maybe here might be the best place to ask. let’s say (knock on wood this doesnt happen) i got laid off. what would be the first thing to do? i mean duh yeah you apply for unemployment, but how exactly does that work? yeah i know i can google it but i fear if i google it that it might make it happen so im not googling anything right now. let’s say i have zero dollars saved. what would happen? that is beyond scary. i am totally going to start saving from now on. even if it’s just 50 bux a week.
*rob*