Comments on: Recession got you down? Cheer up! It will be better next time. http://doyoudaveramsey.com/recession-cheer-time/ Practical ◦ Entertaining ◦ Personal ◦ Finance Fri, 27 Jan 2012 23:45:02 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Mediterra real estate http://doyoudaveramsey.com/recession-cheer-time/comment-page-1/#comment-1138 Mediterra real estate Fri, 02 Oct 2009 21:12:49 +0000 http://doyoudaveramsey.com/?p=793#comment-1138 Recession is the hard time to handle. Some times Peoples blames that this is due to the Government bad policies, but i don't think blaming others is the key to eliminate it, I mean they are one of us. I really like your idea about individual efforts & If some one believes in himself, he can do anything, there are still great chances to earn money or reducing your extra expenses can help you too. Your points are really good & I hope it will help people to understand many things. Recession is the hard time to handle. Some times Peoples blames that this is due to the Government bad policies, but i don’t think blaming others is the key to eliminate it, I mean they are one of us. I really like your idea about individual efforts & If some one believes in himself, he can do anything, there are still great chances to earn money or reducing your extra expenses can help you too. Your points are really good & I hope it will help people to understand many things.

]]> By: Dave http://doyoudaveramsey.com/recession-cheer-time/comment-page-1/#comment-51 Dave Mon, 23 Feb 2009 15:44:55 +0000 http://doyoudaveramsey.com/?p=793#comment-51 Good points Barrett... I've never NOT been upside down on a car as it is the nature of the purchase and it is true of almost everything we buy. However, there is a rush to panic and fabricate foreclosures because the paper value of homes is down. Hmm, seems to me home values will rebound due to the nature of the asset and that I should be able to cashflow the payment same as before (assuming no loss of income) through this market anomoly. Job loss is real, so I'm discounting that reality as a seperate matter... but there are a lot of folks participating in this recession that shouldn't be. Dropping an upsidedown house even though the payments are manageable or dumping a stock market portfolio because the values are down. These chicken littles stand to be crushed under the weight of their own actions. Meanwhile, those maintaining the course will power through this mess. One more analogy... it really is the tortose and the hair... the jack...rabbits who raced for wealth and overleveraged themselves are getting hammered and those to race out of the market becase the paper values on everything is down will each get crushed. Meanwhile the boring methodically plodding will continue to move ahead. Stay tuned Barrett, I recently wrote another article on the stimulus plan that - based on your comments here - I think will really draw a reaction. Good points Barrett… I’ve never NOT been upside down on a car as it is the nature of the purchase and it is true of almost everything we buy. However, there is a rush to panic and fabricate foreclosures because the paper value of homes is down. Hmm, seems to me home values will rebound due to the nature of the asset and that I should be able to cashflow the payment same as before (assuming no loss of income) through this market anomoly.

Job loss is real, so I’m discounting that reality as a seperate matter… but there are a lot of folks participating in this recession that shouldn’t be. Dropping an upsidedown house even though the payments are manageable or dumping a stock market portfolio because the values are down. These chicken littles stand to be crushed under the weight of their own actions. Meanwhile, those maintaining the course will power through this mess.

One more analogy… it really is the tortose and the hair… the jack…rabbits who raced for wealth and overleveraged themselves are getting hammered and those to race out of the market becase the paper values on everything is down will each get crushed. Meanwhile the boring methodically plodding will continue to move ahead.

Stay tuned Barrett, I recently wrote another article on the stimulus plan that – based on your comments here – I think will really draw a reaction.

]]> By: Barrett Smith http://doyoudaveramsey.com/recession-cheer-time/comment-page-1/#comment-50 Barrett Smith Mon, 23 Feb 2009 15:07:37 +0000 http://doyoudaveramsey.com/?p=793#comment-50 Great article and I agree! I would add that if you bought it...you should pay for it and I don't understand why all the fuss about homes being worth less than their mortgage. Every car i have purchased has the same problem until I own it for a couple years and catch up to its lost value...why should homes be any different? Oh that's right...people think they should get rich by buying a home!! PS - I don't think the Government is going to like the article...they want us to spend even though it is exactly the spending that got us into this mess!! (Just had to reiterate) Great article and I agree!

I would add that if you bought it…you should pay for it and I don’t understand why all the fuss about homes being worth less than their mortgage. Every car i have purchased has the same problem until I own it for a couple years and catch up to its lost value…why should homes be any different? Oh that’s right…people think they should get rich by buying a home!!

PS – I don’t think the Government is going to like the article…they want us to spend even though it is exactly the spending that got us into this mess!! (Just had to reiterate)

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