cprevite—my family started this downward slide in the beginning of 2007. We went from 300k family income to about 25k. What a shocker. We started poor but over the last 13 yrs have done great, until 2007. Arizona really sucks right now, and it is getting worst. I anticipate violence based on how my neighborhood is becoming a vast unoccupied area, vancant and foreclosed homes, for sale and for rent signs on every other house. Our neighbor paid 350k for a house 2 yrs ago, now it is worth 175k.
I suggest folks store some dried food, can goods, a water purifier, first aide, at least 6 month supple, and a game plan for when the financial system freezes up.
About a dozen of my work mates and husband’s work mates have killed them selves, even some of our past clients. The other’s are in bankruptcy or some stage of foreclores. The contractors that work for and around Intel are giving their employees 2 weeks to 4 weeks un paid time off, and hudge layoffs are coming in Electronic/Computer chip industry as well as retail and service industry.
We will see Hoover- Ville's--I call them Bush ville's, I mean there are homeless people sleeping in the greenbelt next to my house and sleeping in the park and public bathrooms and under the interstate bridges--I have never seen this here in 15 years. http://en.wikipedia.org/wiki/Hooverville
Anyone have any solutions? Employers are hiring, but they don’t actually write paychecks any more it seems. MY husband works, but we just don’t get paid much more than gass to get there.
Bank of America is cutting credit lines on millons of folks this month which ends the balance transfer game for most of us, I think.
Anyone have room for a family of 4 next month?