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Politics : Politics for Pros- moderated

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To: quehubo who wrote (232497)	12/24/2007 10:57:28 AM
From: John Carragher	Read Replies (2) of 794399

showing my age is an understatement. Having gone through 11 corporate relocations during the worse of times. like 1974, 1981, or moving out before a major corporation moves into your neighborhood and then forced to move back there six months later and the house you left costs 30% or more than you sold earlier with no gain in capital.. you relocated to a dead zone in upstate ny. and lucky to get out with your teeth. However, if housing is down most likely you will lose on selling but most likely you are moving to an area that also has lost similar value.. this makes it a wash but yes, i know it doesn't feel like it. there are always exceptions.. like moving out of florida or ca. but then as i remember in my old age many , many a relocation was refused as people couldn't take the hit unless the company picked up the loss. As for outstanding credit card balances , i have no idea if they are much higher now as % of income than a few years ago. There are always people who spend, borrow more and spend. of course there are a lot of quiet folks who do not engage in that nonsense and can afford to retire early. Merry Christmas.

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