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Old 04-24-2008, 06:40 PM
 
4,948 posts, read 16,515,369 times
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Retirement-planning or working part-time-or retired?

Housing-nobody will buy-banks will not pay intrest or 1 per-cent-stock down
food up gas up? do we head for the hills or what? Frankly, I do not even like to go to the store, why, 50.00 plus for what-then the car to fill up-pain!

any ideas?
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Old 04-24-2008, 07:31 PM
 
Location: New Orleans Louisiana
156 posts, read 351,946 times
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Quote:
Originally Posted by maggiekate View Post
Retirement-planning or working part-time-or retired?

Housing-nobody will buy-banks will not pay intrest or 1 per-cent-stock down
food up gas up? do we head for the hills or what? Frankly, I do not even like to go to the store, why, 50.00 plus for what-then the car to fill up-pain!

any ideas?
I guess we head for the farm and do a lot of grazing....but we'll have to get there on a bicycle
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Old 04-24-2008, 10:44 PM
 
48,516 posts, read 83,880,155 times
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I thnik that we are just use to paying cheap prices for food and gasoline.I think that the problem of food prices will be much worse on the nations that are already hungery. I also think we can use alot less gasoline.People got by with alot less of both and other things in WWII. We will be fine.
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Old 04-25-2008, 08:19 AM
 
1,861 posts, read 3,023,768 times
Reputation: 559
Things are out of control, for sure.

The oil companies are making HUGE profits, and that's why we're paying so much. Don't let 'em fool ya. I don't think oil should be a commodity (or whatever they call it) being traded on the stock market. It's a necessity.

As far as food, as I've always said, everything goes up EXCEPT our wages. Retirement, with part-time work will be the new trend, unless something changes.

It's a hell of a mess.
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Old 04-25-2008, 10:49 PM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
22,524 posts, read 39,903,732 times
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Quote:
Originally Posted by cousinsal View Post
Things are out of control, for sure....
It's a hell of a mess.
true, and get used to it.

I am attracted to "co-housing", and feel there is validity to sharing a few things (cars, tools, land) and having community gardens. We will have to adapt, but priorities are changing when you can buy a $.99 hamburger, but it costs $65 to fill your car's tank.

With Arby's buying Wendy's, even the $.99 burger is history.
Quote:
Originally Posted by cousinsal View Post
Things are out of control, for sure....
It's a hell of a mess.
x2

Hello "dumpster diving" (but there is not much there either )
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Old 04-26-2008, 09:49 AM
 
Location: New Orleans Louisiana
156 posts, read 351,946 times
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Quote:
Originally Posted by janb View Post

Hello "dumpster diving" (but there is not much there either )

LOL Jan dumpster diving...Maybe somebody will offer this as a continuing educational course for baby boomers...Looking on the bright side, I went to Wal Mart this morning. It used to take several trips to the car to carry the groceries into the house...now they almost fit in your pocket lol...
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Old 04-26-2008, 11:03 PM
 
26,585 posts, read 52,247,863 times
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Quote:
Originally Posted by maggiekate View Post
Retirement-planning or working part-time-or retired?

Housing-nobody will buy-banks will not pay intrest or 1 per-cent-stock down
food up gas up? do we head for the hills or what? Frankly, I do not even like to go to the store, why, 50.00 plus for what-then the car to fill up-pain!

any ideas?
Without a doubt, I expect the cost of living continuing to rise... Just paid $122 to fill the 34 gallon tank on my Chevy Work Van tonight and grocery prices seem to go up daily...

On the bright side, a young couple bought the foreclosure across the street from me and moved in last weekend... they told me they are very excited to be able to buy after being priced out of the market for the last couple of years and now with a baby on the way they are busy fixing up the baby's room...

Very interesting times we live in

PS... not to be smart... I have a very good retired friend who now makes money making loans secured by Deeds of Trust. He was very unhappy with the rates he was getting at his bank and decided to cut out the middleman and make loans to homeowners where we live... so far... he has not lost any money and is getting a return of 8 to 10%... He limits his loans to 25k and only loans on property he has seen.

Last edited by Ultrarunner; 04-27-2008 at 08:51 AM..
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Old 04-27-2008, 07:40 AM
 
Location: Forests of Maine
30,669 posts, read 49,416,421 times
Reputation: 19119
Quote:
Originally Posted by Ultrarunner View Post
...
PS... not to by smart... I have a very good retired friend who now makes money making loans secured by Deeds of Trust. He was very unhappy with the rates he was getting at his bank and decided to cut out the middleman and make loans to homeowners where we live... so far... he has not lost any money and is getting a return of 8 to 10%... He limits his loans to 25k and only loans on property he has seen.
My father buys mortgage notes from brokers.

30 cents on the dollar. He starting doing this in 1980, and he sees no reason to stop.

A mortgage with a principle of $100k, he gets for $30k. The home-owner may be paying an APR of 6% on his $100k note, but the note holder is getting 18% on his $30k.
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Old 04-28-2008, 09:21 PM
 
Location: Atlanta
738 posts, read 643,505 times
Reputation: 279
Technically, there is no "money crunch". The money is out there. It may be in someone else's hands and not yours. What you have to do is decide how to reverse the process.
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Old 04-28-2008, 09:45 PM
 
Location: Lovelock, NV - Anchorage, AK
1,195 posts, read 4,992,397 times
Reputation: 465
I think we have to analize what we want to buy these days, with retirement 32 days away I've been planning for the past year to down size so when I go shopping I would buy on a whim, now I ask myself do I really need it, do I want to move it? Most of the times it's no and no.

I buy bulk items and freeze them, I still splurge a bit but we've been able to reduce our out go which is the plan for our future.
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