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Politics : Stockman Scott's Political Debate Porch

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To: SGJ who wrote (2071)7/14/2002 10:39:52 PM
From: Jim Willie CB  Read Replies (2) of 89467
 
one of my best friends in college just lost his job in Ohio
his property is in jeopardy
this could be a typical American story

his insurance company wanted to downsize by 20%
they offered voluntary severance
but they didnt wait for his choice
they FOUND a reason to let him go for flimsy cause

he has a moderate first mortgage
he transferred equity from two other homes, moving up
but he tapped into his home's piggy bank of equity
a second mortgage is almost as large as the first

now he is out of a job after 22 years in the same firm
loyalty counts for NOTHING, NOTHING

he has little credit card debt though
his wife and three sons are well integrated in the schools
neighborhood friends, highschool friends, church friends

I would hate to be searching for a job nowadays
in a year, will he be have put the property up for sale?
/ jim
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