A Comment About

One Way or the Other, Uncle Sam Will Bail Out Mortgages

February 24, 2009 - 12:30 am - by Charlie Martin
Bert
2009-02-26 21:09:35

Honest Jon,

As I understand it you have a 30 year fixed mortgage at a reasonable rate, somewhere in the neighborhood of $100,000. I don’t know what taxes are in your neck of the woods but I’m going to guess you need around $1100-1200 per month to stay in the house. Call it $300 a week. You say you haven’t run through your savings yet. And you obviously have a computer and an internet connection and at least 8 hours a day. I imagine you have a digital camera too and if not they can be had cheap. Here’s what I suggest and I’m dead serious. You probably have some sort of hobby, something you know a good bit about. Go on ebay. Look around and you’ll find things related to your hobby. The more you look the more you’ll realize that the prices of those things are often all over the map. When you see them going for cheap buy them. And then resell them at the higher end of the price fluctuation. And if your hobby isn’t the sort that will work in this scenario then get some books on antiques, or pottery, or or militaria, or vintage toys or some such thing that people collect (they collect pretty much everything). Learn about something, learn the prices and do it. It’ll get you by and then some.