Tag Archive: housing market


I am not ‘rich’ by any means… I have no savings what-so-ever, credit card debt (thank goodness not that much, way under 5k and paying them off rapidly and not using them at all and yes, they are still in my wallet), not a lot in tangible assets that are worth anything of value, student loans, two businesses that are supported through the law of supply and demand, 3 cars (yes I do have 3 but 2 are paid for and both are at least 10 years old) a home that I owe a mortgage on for the next 28 years and this morning, I was smacked into financial reality, yet again…the mortgage is due and when I pay it, I will have only $100 left until my customers pay me and I need to go to the grocery store, never mind the rest of the bills that are coming due. Today I feel like I am gambling and on the loosing end of the stick.

 This is situation NORMAL for me but yet, each time I come face to face with this ‘normal’, I get a bit nervous, okay, more than a bit nervous if you want the truth. I really don’t want to go into my stash of food because it would be like admitting something is definately wrong with this picture. I really don’t want to have start selling things off to make the bills either, but you know, I just may have to if things don’t get turned around just a bit. Used to be that I could at least count on positive cash flow from one of my businesses to at least meet the basics, (never mind anything ‘extra’) but right now, hmm, not so reliable, rather sporadic and it bothers me greatly…fear creeps into me…So what the heck do I do?

I will tell what I do(what I AM doing right this moment as I write) when I come face to face with the uncertainity in my life…I get a grip, yep, get a grip. I am blessed to own my own home which is not upside-down nor am I behind in payments, the power is on, I own vehicles outright that do run and nothing is in cut-off status (yet). I am not ‘sick’ per se, though I live thyroid disease and my children are for the moment, healthy. My dogs run in the front yard and aren’t starving or sick…I do have food in the house thanks to being ‘prepared’ just in case something happens and worst case crash, drop dead senario, I do have tangible assets worth money that I could sell. So my pitty potty time is brief. I count my blessings and remember that I enjoy an abundance that millions of others in this country no longer enjoy. I remember that I can create money from the work of my own hands, and I am smart and savvy (okay, not all the time but forgive me for being human) and can work and will work and DO work long hours leaving the dirty dishes in the sink until I have to go make dinner. And after dinner and finishing up a bit more business related work I get to go inside and take a shower and go to sleep in a warm bed. Thank goodness I am not homeless, without a way to earn money and I am not tottering on the edge of some giganitc financial cliff (yet) from which there is no return. There is still room to wiggle. I actually still have a pretty ‘normal’ middle class life.

I get a grip remembering that for me, the NORMAL is that things change on the dime and sitting here worrying only occupies my mind and time allowing for no positive forward thinking or getting things done and makes me sick, literally. For me, sitting here worrying is a distraction and a waste of energy that is better spent doing what I can when and where I can to cut bills down, taking care of customers quickly and putting more effort into my work (that just happens to pay the bills). Worry can quickly turn into depression, anxiety and dispair if I don’t get a grip and wrap my head around gratitude and acceptance…so I work on that today…can’t change what is in this moment but I surely can be grateful what I do have instead of spending time lamenting to myself about what I can’t do today and over what I have no control over. And in a SHTF senario, worry, anxiety, depression and dispair can get you dead real quick…it can immobilize you when you need to get digging deeper or become more creative in how to deal with a situation and it WILL cause grief into the future because when you worry you start creating from FEAR and THAT is a big mistake. While I don’t suggest putting on rose colored glasses or sticking your head in the sand, I do try to remember that the REASON WHY I have choosen to get prepared is to avoid this very thing called worry and fear…and I am to some degree, prepared.

I get a grip on the idea (which then turns into a feeling) that I AM OKAY TODAY, no matter what my bank account says. Adjust Laura, adjust and get a grip, it will all be okay. It may not be what I want it to be, but it will all be okay, just get a grip, you ain’t something ‘special’ and you aren’t alone in this…so get a grip and carry on, its all good.

Just for some perspective I offer this:

Car Sleepers, the New Homeless

Are They Serious?

This morning while listening to CNN (okay, I am a CNN news junkie…it gets rather boring sitting at my computer all day long working without something going on in the background and for me, it helps me focus) I snapped to attention when an ad for Lending Tree came on offering…of all things…’new’ adjustable rate mortgages! yes, sir, one of the very same companies that I hold responsible for some of the mess we are in is back in ‘business’ with lines such as NEW LOW RATES OF 3.85% (um excuse me but whats wrong with a 4.5 % rate? or even a 5.5 % rate that is fixed?) and GAURENTEED UNTIL 2018 (yeah and then you will HIKE IT THROUGH THE ROOF based upon what fictional ‘basis’?) and then it will adjust ONLY ONCE A YEAR AFTER THAT (umm…yeah, so for the remainder of the life of the 30 year loan I can count on my mortgage rate going up anywhere from 1-5% a year and forbid that my credit rating starts having problems!) BUT WHY PAY THOUSANDS OF EXTRA DOLLARS IN INTEREST ON A HOME THAT YOU PROBABLY WON”T BE IN IN A FEW YEARS…are they KIDDING ME?!?! the market is in the dumps, foreclosures on the market that the banks refuse to sell at market rates and homeowners are upside in many markets and homes sit on average on the market for AT LEAST 9 MONTHS NOW? and you want me to get an ARM and think that I will be able to sell in the future to get out from under the ARM with ease and grace into something bigger and better? Um, excuse me, while I recognize that I am ‘just’ some ignorant homeowner who works for herself and has (apparently to them) no clue about the economic situation in this country, isn’t this an example of EXACTLY what got us here to begin with? (okay, I admit, it is a small part of it, but really!) I am really starting to feel like bankers are insane creatures who have no clue about what they did a few years ago (okay, I am giving them no credit for their intelligence, the DID KNOW and went after the quick buck and just figured they would be able to sell distressed properties to the next sucker when they repo’d it) but greed, I recognize has no boundaries it seems…so they and the powers that be it seems, have decided that in order to ‘sell’ overpriced houses they will give teaser rates again, but this time we will make sure they can afford it (uh, yeah, at the teaser rate) and cross our fingers that the snow blowing around about the economy will clear up soon. Sounds like a receipe for another meltdown…and btw…of interest is a builder in Florida who is so desperate to sell houses that he is letting people in with no money down and special financing again…

Me, I stay put and watch the warning signs and get myself and my family prepared to weather the coming storm…its kinda like watching a hurricane form on the weather radar in many respects…but I have to ask this one question:

ARE THEY SERIOUS?