Happy Meltdown

[AlexanderSextus]

Could you elaborate please? I hear a lot of horror story's but the dutch media is currently slipping of their chair with socialist triumph, and has always been violently anti-american so I don't take their word for it.

When i was 12, a snickers bar was $.65...now its $1.00... Note that it used to be old people that complained "i remember when (something) costed $.50 now it's $2.00" its only been 7 years and i'm already noticing prices going up way faster than they ever did before. People are losing their houses, it's getting harder to keep the bills paid, Taxes just keep going up...

It sucks!

[LittleGrizzly]

That doesn't seem too much to me, in my lifetime i have experienced price shifts as well, when i was a kid petrol was 50 odd pence a litre and coca cola was 30p a can, now its closer to a £1.10 for petrol and moe like 55p to 60p a can, say in about the last 10 years, what it really depends on his how wages rose in comparison....

I would say part of what seems to be prices going up quickly its just the fact that they have a higher starting price so a small percentage increase will seem alot more than the same percentage increase off a lower starting price 50 years ago....

[Samurai Waki]

I need to move to Africa and work in Telecommunications. Other than that, everything else seems to be going well on the home front, I'm really glad I have plenty of extra funds, though the price of everything here is going through the roof. literally.

[SwordsMaster]

I need to move to Africa and work in Telecommunications. Other than that, everything else seems to be going well on the home front, I'm really glad I have plenty of extra funds, though the price of everything here is going through the roof. literally.

Heh, been there, done that.

So there must be a lot of Manhattan apartments going empty, right? I mean, all those wallstreeters losing jobs and all.

What's the going price for a 2 bedroom in Manhattan these days?

Or even better what kind of mortgage can one expect to get on a house somewhere nice-ish?

[Samurai Waki]

Heh, been there, done that.

So there must be a lot of Manhattan apartments going empty, right? I mean, all those wallstreeters losing jobs and all.

What's the going price for a 2 bedroom in Manhattan these days?

Or even better what kind of mortgage can one expect to get on a house somewhere nice-ish?

Well any type of loan is 30% Down Payment these days, so irregardless of what your getting your Mortgage rate will vary wildly from state to state if you can even afford the initial expected amount to pay. Montana is smooth(ish) compared to say Washington right now, which is about 4 % interest versus Washington's which is at about 7.5% Interest. To soften the blow, I've seen a few houses around that were 300,000+ $ a year or two ago that are now only maybe half what their original value is, so if you can afford it you're literally getting away with murder.

I'm not an East Coaster, but in the way of Manhattan I would probably expect little to change, I mean after all it is Manhattan, lots of guys from the Economically far more successful west to fill those apartments rapidly.

[Oleander Ardens]

Personally I'm rather happy that stocks came down so much. So many great buying bargains now. This crisis is good for people with a sound balance sheet and even better for those who have large savings or are still young and want to buy their first house. Let us hope that jobless rate doesn't climb up so high. 150000$ for a standard house seems dirt cheap to me, but then I come from a region with one of the highest housing prices of the world.

And yes credit comes form credere and creditum - not from sperare or orare...

Hopefully most Orgahs are able to wither the credit crunch and the recession.

[Louis VI the Fat]

When i was 12, a snickers bar was $.65...now its $1.00...


It sucks!

Luxury.

When I was young, I didn't have any Snickers bars. All I had were courgettes. Which I had to steal from the nearest farmer. Just to have something to eat. Every day I got up at 4:30 and walked three hours. And three hours back. In the rain, in the storm, in the blistering heat. It was hell.

This was in the old days. Back in 2006.

Then I decided to get a job and just buy them in the Supermarket.

[Strike For The South]

Luxury.

When I was young, I didn't have any Snickers bars. All I had were courgettes. Which I had to steal from the nearest farmer. Just to have something to eat. Every day I got up at 4:30 and walked three hours. And three hours back. In the rain, in the storm, in the blistering heat. It was hell.

This was in the old days. Back in 2006.

Then I decided to get a job and just buy them in the Supermarket.

Pfft. In America you have a job and still have to steal!