Old Project Avalon Forum (ARCHIVE) - View Single Post - Just a coincidence .. is it now? 2010-2011 outlook

pyrangello · 01-11-2010, 11:58 PM

I read everyones posts, here's a little past and current views. Past, My grandmother told me when the depression hit , her and my grandfather had $1000.00 in the bank. When the depression hit the Bank president took all the money out of the vault and left. She said she ended up getting $500.00 of that money 6 months later and never got the other $500.00. Another gentlemen in this town where I'm at now said when the depression hit his father had some money in the bank and couldn't get it out, his father couldn't pay his rent and him and his 9 brothers and sisters lived in tents the entire summer because they got kicked out of their rental house and then when winter hit family members took in the kids 1 and 2 at a time and spilt them up so all could have some shelter.

So fast forward to now, I take care of repo'd homes, word is pretty reliable 2011 with be the largest wave of forclosures in the country coming in. On coast to coast radio last week one of the guest speakers announced the FDIC who goes in and takes over banks that can't make it anymore hired 1600 more people on staff to help with the coming waves of bank closures. So yep I'd say there are some things in the pipeline coming. On a positive note 90% of americans are still paying their mortgages on time, 32 million homes are paid off and the average repo rate on homes at any given time is 3 1/2 % like unemployment. Problem is now that rate of 3 1/2% has gone up to 7-8% which is why things are appearing worse because they are.

Yes it could be worse, should you prepare, to whatever your comfort level is , should you have a back up plan, again whatever your comfort level is. I do want to say yes there are many unemployed but there are many projects in the pipeline for work as well. Persistance pays off, staying positive pays off and when you hit one wall don't stop find a way around it, whether sxxx hits the fan or not, the carry on attitude is "always forward , never give up" applies. And when you can help your fellow human being , please do so , it feels good and something you won't regret no matter what happens. Do something everyday you can smile about , prep everyday just a little more and give someone a hug everyday because it feels good. Being here at this time period is a journey indeed, make it as best as you can.

01-11-2010, 11:58 PM	#21
pyrangello Avalon Senior Member Join Date: Sep 2008 Location: Northern Michigan Posts: 412	Re: Just a coincidence .. is it now? 2010-2011 outlook I read everyones posts, here's a little past and current views. Past, My grandmother told me when the depression hit , her and my grandfather had $1000.00 in the bank. When the depression hit the Bank president took all the money out of the vault and left. She said she ended up getting $500.00 of that money 6 months later and never got the other $500.00. Another gentlemen in this town where I'm at now said when the depression hit his father had some money in the bank and couldn't get it out, his father couldn't pay his rent and him and his 9 brothers and sisters lived in tents the entire summer because they got kicked out of their rental house and then when winter hit family members took in the kids 1 and 2 at a time and spilt them up so all could have some shelter. So fast forward to now, I take care of repo'd homes, word is pretty reliable 2011 with be the largest wave of forclosures in the country coming in. On coast to coast radio last week one of the guest speakers announced the FDIC who goes in and takes over banks that can't make it anymore hired 1600 more people on staff to help with the coming waves of bank closures. So yep I'd say there are some things in the pipeline coming. On a positive note 90% of americans are still paying their mortgages on time, 32 million homes are paid off and the average repo rate on homes at any given time is 3 1/2 % like unemployment. Problem is now that rate of 3 1/2% has gone up to 7-8% which is why things are appearing worse because they are. Yes it could be worse, should you prepare, to whatever your comfort level is , should you have a back up plan, again whatever your comfort level is. I do want to say yes there are many unemployed but there are many projects in the pipeline for work as well. Persistance pays off, staying positive pays off and when you hit one wall don't stop find a way around it, whether sxxx hits the fan or not, the carry on attitude is "always forward , never give up" applies. And when you can help your fellow human being , please do so , it feels good and something you won't regret no matter what happens. Do something everyday you can smile about , prep everyday just a little more and give someone a hug everyday because it feels good. Being here at this time period is a journey indeed, make it as best as you can.