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Pastimes : The Hot Button Questions:- Money, Banks, & the Economy -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (375)	8/19/2003 6:42:54 PM
From: maceng2	Read Replies (1) \| Respond to of 1417

Not really. There has been a huge squeeze on jobs, every sector has been whacked bad so people are naturally careful not to spend too much. Property and mortgages are another matter though. Property prices have just gone absolutely mad. Worse then BCON stock after a national power cut -g- Just knowing what the normal income distribution is, and seeing the cars and trucks on the road, I know that (a) some people are under reporting their income and fiddling their taxes or (b) they have been taking out loans on inflated property values. On the advice in the link "How to avoid a credit crisis" I think this should be the first step. Organize a spending plan. That can take a while if you have a family. For example, I found this food store that charged about 33% to 50% of the usual supermarkets, and the food quality was good, if not even better then what the supermarket offered. However, even my extremely poor (live in a real bad part of town) relatives would "not be seen dead" buying stuff at such a place. Imagine that... it's true though -lol- It took me over a year, with lots of good money poured down the drain, before I could persuade my family to shop there. Now of course, they tell people they are idiots if they shop anywhere else. -ggg-