Fix your own economy

jerthunter

jerthunter

Active Member
Yes, thats right, quit waiting for the government to fix it because they will fix it in a manner that benefits them. Government tax cuts, and spending bills, and catch words like 'bailout' aren't going to fix it. If you have money and/or a job I have one piece of advice for you. Live your life.
That is all, carry on.
 
sickboy

sickboy

Active Member
It's good advice. Too many people are either out of work, so they aren't spending, or they think the world is going to end, and aren't spending....
 
salty blues

salty blues

Active Member
Originally Posted by Jerthunter
http:///forum/post/2951790
Yes, thats right, quit waiting for the government to fix it because they will fix it in a manner that benefits them. Government tax cuts, and spending bills, and catch words like 'bailout' aren't going to fix it. If you have money and/or a job I have one piece of advice for you. Live your life.
That is all, carry on.
Mr. Obama and the gubment got it all under control. Scary, ain't it?
 
jerthunter

jerthunter

Active Member
Right now I am planning on how I should spend my tax refund. I have decided to spend it home improvements that I want (not what I think will raise my home's value although they should do that too).
 
darthtang aw

darthtang aw

Active Member
Originally Posted by flpriest
http:///forum/post/2952083
In todays economy your home value may not go up... but your taxes certainly will!!

I disagree, after the passage of this last bill and the spending of almost 4 trillion dollars by our wonderful leaders in less than 6 months, you will see inflation increase dramatically. So the home value will go up some.
 
flpriest

flpriest

Member
Originally Posted by Darthtang AW
http:///forum/post/2952117
I disagree, after the passage of this last bill and the spending of almost 4 trillion dollars by our wonderful leaders in less than 6 months, you will see inflation increase dramatically. So the home value will go up some.
I disagree... home values in certain areas will remain low because of the onslot of bank morg age defaults placed on the market at rock bottom prices. Yes, I do agree that this great big spending plan that our "leaders" have in store for us will send inflation into a tissy... But I guess time will tell.
 
stdreb27

stdreb27

Active Member
Originally Posted by Jerthunter
http:///forum/post/2952064
Right now I am planning on how I should spend my tax refund. I have decided to spend it home improvements that I want (not what I think will raise my home's value although they should do that too).
Savings is the answer, if you stick that check in a CD or something of that sort, you're lending your money to the bank who in turn lends it to business. Funding business, and when it succeeds it creates $$.
If you just blow it, the money will be gone...
Originally Posted by flpriest
http:///forum/post/2952127
I disagree... home values in certain areas will remain low because of the onslot of bank morg age defaults placed on the market at rock bottom prices. Yes, I do agree that this great big spending plan that our "leaders" have in store for us will send inflation into a tissy... But I guess time will tell.

It really depends, unless the government stops buying bad loans through their GSE of Fanny and Freddy, the markets won't correct and prices won't fall all that much.
 
jerthunter

jerthunter

Active Member
Originally Posted by flpriest
http:///forum/post/2952083
In todays economy your home value may not go up... but your taxes certainly will!!

That may be true but I am not improving my home in the hope that I can sell it for more, I am investing in the home I want not one to sell.
 
ice4ice

ice4ice

Active Member
Originally Posted by Darthtang AW
http:///forum/post/2952117
I disagree, after the passage of this last bill and the spending of almost 4 trillion dollars by our wonderful leaders in less than 6 months, you will see inflation increase dramatically. So the home value will go up some.
I disagree with this statement. It won't bring back jobs. New process Gear just made the announcement 2 weeks ago to shut down it's drivetrain plant. Even though the UAW union has decided to re-negotiate the workers' contract with one stipulation is to take a cut in pay and was turned down by 76% of the workers. NPG had decided to go ahead with its original plan to shut down the plant anyways estimating 1500 jobs being lost. Now with that said, the city of DeWitt will most certainly be hit the hardest with a tax increase. The the residents of DeWitt as well as Syracuse will see a huge increase in their tax bill.
 
jerthunter

jerthunter

Active Member
I don't think saving is the answer, investing is better. I choose to invest in my home. Yes the money will be gone when I am done but my inprovements will still be there.
 
flpriest

flpriest

Member
Originally Posted by Jerthunter
http:///forum/post/2952903
That may be true but I am not improving my home in the hope that I can sell it for more, I am investing in the home I want not one to sell.

That's the way I feel. I plan on living in my home for many years. I guess my kids will have to worry about how much it's worth.
 
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