Foreclosure Technology
I don’t get why people keep saying “this economy” is so bad.?
I keep hearing on commercials and in conversation about how bad the economy is right now and everyone needs to pinch pennies. Let’s look at the facts.
Unemployment is 8% – higher than it was but a relatively small portion of the working force. Most all homeowners pay their mortgage in full and on time every month – foreclosures aren’t affecting that many people. 58% of people do not carry a balance on their credit cards because they pay them off every month. That’s far more than the news would make you think…
Consumer prices have risen a little bit in my area but gas has gone down (it kind of balances out). Interest rates are historically low so buying a car/boat/etc is cheaper than normal. Compared to even 20 years ago health care and technology costs are drastically less expensive (percentage wise).
To me this bad news is just a self-fulfilling prophecy. If you say it’s bad it will get bad.
I think you are exactly right. The media makes it seem like we are all going to lose our jobs and houses and it makes us not want to spend money which in turn causes others to lose their jobs. I have been continuing on as normal in protest to “this economy” except I have decided not to use credit cards ever again, I don’t care if it ruins my credit score. Credit is crap and it doesn’t mean anything. I am a cash only living within my means kind of girl from now on!
Down with the recession!
June 2011 Lee County Foreclosure Report Non-members
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