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Lehman anniversary: The five most surprising consequences
1. We have fewer children, if we have them at all
2. We've accumulated a lot less wealth than prior generations
3. We hate the stock market
4. We don't buy homes
5. We trust no-one
I'd say a few of those apply to me but then again I found a job in 2010 in the middle of the Great Recession that paid me more. And although I moved my money out of equities for a long time, the sitting President has renewed my confidence.
The financial crisis happened 10 years ago — that's how long it took this man to sell his house
"Last year, Dezember finally managed to sell the house. He tried to estimate how much money he had lost in 10 years, after tabulating maintenance costs, losses when tenants skipped town, and selling the house for less than he paid for it. He stopped counting at $60,000 US. 'On a house that I only paid $137,000 for, that's pretty tremendous.'"
Honestly if you don't even have 137K to buy a house in some village in Alabama - should you even be a home owner? How does anyone trust you to pay it back? This man moved out of state and continued holding on to the property trying to rent it out and paid 50% more in maintenance and upkeep. At some point a smart intelligent person would just cut his losses and move on. Something tells me some sentiment with the ex girlfriend or wife and/or some stubborn pride thing interrupted logical thinking here.
1. We have fewer children, if we have them at all
2. We've accumulated a lot less wealth than prior generations
3. We hate the stock market
4. We don't buy homes
5. We trust no-one
I'd say a few of those apply to me but then again I found a job in 2010 in the middle of the Great Recession that paid me more. And although I moved my money out of equities for a long time, the sitting President has renewed my confidence.
The financial crisis happened 10 years ago — that's how long it took this man to sell his house
"Last year, Dezember finally managed to sell the house. He tried to estimate how much money he had lost in 10 years, after tabulating maintenance costs, losses when tenants skipped town, and selling the house for less than he paid for it. He stopped counting at $60,000 US. 'On a house that I only paid $137,000 for, that's pretty tremendous.'"
Honestly if you don't even have 137K to buy a house in some village in Alabama - should you even be a home owner? How does anyone trust you to pay it back? This man moved out of state and continued holding on to the property trying to rent it out and paid 50% more in maintenance and upkeep. At some point a smart intelligent person would just cut his losses and move on. Something tells me some sentiment with the ex girlfriend or wife and/or some stubborn pride thing interrupted logical thinking here.