Hold on – I think things are going my way at the moment, at least economically. I’m one of the 9%.
I rent and sat on the side lines while watching the bubble puff up housing prices. I didn’t take an adjustable rate or teaser loan. I’ve leased for 9 years from another engineer who had to relocate. So I’m covering his fixed rate mortgage but I’m paying in rent about half the pre-tax payments on a comparable house. He’s put on a new roof, replaced the hot water heater, and bought a new microwave, at no extra cost to me.
Now, I’m waiting for some of those foreclosures in my neighborhood to bring house prices back in line with incomes. Plese let the market make the adjustments needed! The Fed just cut interest rates half a percent – that will eventually bring mortgage rates even lower. The mortgage broker assures me that there is
I do love to hear the candidates argue over who is more in favor of new nuclear power plants – I design those for a living and got a 50% raise this winter when I changed jobs – plus better benefits, longer vacation, nicer office, etc. There have been hard times but I stuck it out and how intend to reap the good ones.
So the politicians may AGAIN screw the pooch but so far, things are going my way. Guess ever dog has his day.
