HOW DO ILLEGAL ALIENS SURVIVE In America Without Being Legal??

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The illegal aliens have support groups. For example they all live in the same houses. until they move on to jobs offered by Big Corporations. The Corporations have management that speaks Spanish.

Some Corporations even offer bonuses for recruitment of more illegal aliens. I remember reading in U.S. News in 1988 a hog plant was offering $150.00 to anyone bringing in new illegal aliens. If the illegal aliens got hurt on the job. They got no worker comp or benefits, they just got fired.

Illegal aliens are like an underground organization. They take care of their own 閳ユ窏uman Capital閳?

Some of the illegal aliens are working for $ 3.00 an hour.

Many Hispanics have taken out Minority Government Loans at low interest rates to start businesses. Those loans belong to America閳ユ獨 minority and poor and women. They will hire their relatives and will let them live in their homes as long as they can work them cheap and make a healthy profit.

HOW DO ILLEGAL ALIENS SURVIVE In America Without Being Legal??

What's unfair is that they do take medical benefits and WIC and they can buy houses. What upsets me is that I was born a citizen of the United States and when I was jobless I couldn't get unemployment benefits (the restaurant that I worked for closed down and I had a son to take care of and I couldn't afford a babysitter). Nor would my caseworker help me with my benefits. My son is the only one getting full benefits, but because of the HUGE Hispanic population that has benefits, a lot of the pediatricians stopped accepting his health care plan. When I go to the WIC office, it's crowded and I have to wait 2 hours just to be seen because of the illegal aliens. And they don't even bother to try learning English. The only reason why they get benefits is because when they work under the table they don't have to claim anything. Then they send the extra money to their relatives back in their country. I have nothing against residential aliens (those who have green cards and are here legally in this country). They worked hard to get here, and they make an effort to learn the language because they want to be here. A lot of people mistake me for being Hispanic when I'm not (Hawaiian-Filipino) but my boyfriend is, and one time I had a Mexican woman who got here illegally offer to pay my fiance $10,000 to marry her daughter to bring her here, knowing that we were engaged. Another thing, about being mistaken for Hispanic Decent I would get upset whenever someone would come to me and start speaking spanish. But anyways, I know a lot of illegal aliens and they work under the table, receive medical and health benefits, and can afford to buy a BMW, a house with a $1,500 a month mortgage, and buy brand name clothes and things, and I was born an American citizen and I couldn't even get help from my own government. And another thing is that there is a lot of unemployment here too, and they wonder why. I don't know if anything I just said makes sense.

HOW DO ILLEGAL ALIENS SURVIVE In America Without Being Legal??

Welcome to Capitalism, remember though its the best way and if you don't believe me just ask them

HOW DO ILLEGAL ALIENS SURVIVE In America Without Being Legal??

Some use forged documents in order to get a job. Others will work in underground sweatshops or other shady businesses. Recently, a brothel was discovered here in my city that had a number of young illegal Mexican women that they were forcibly holding as sex slaves for their customers.

HOW DO ILLEGAL ALIENS SURVIVE In America Without Being Legal??

You forgot to mention the criminal element as well

HOW DO ILLEGAL ALIENS SURVIVE In America Without Being Legal??

they do not pay for health care like the rest of us losers. Its illegal for hospitals to turn anyone away, especially if they cant pay. They also steal peoples identities, identities of people who are here legally and ruin their credit ratings and stiff them with the tax bills, its been on the news here, ive seen the people, the Americans who can buy homes because some mexicans stole her information and exploit real americans so they can be here. And yes they do qualify for welfare. Its time to turn off permanently the incentives for them, and maybe they will work hard to make mexico a real country and fix their own problems, instead of dropping off their problems on our side of the border.

HOW DO ILLEGAL ALIENS SURVIVE In America Without Being Legal??

Kitty, you are deluding yourself if you think they cannot collect welfare. A simple thing like a little identy theft and they are on the public dole. Sure, most of them do work, but far to many cross the border with drugs to sell, or will find their way onto welfare. The ones that don't are still costing us in healthcare and auto insurance just to name two. If they are sick and go to the Emergency Ward, they can't be turned away, and the cost to treat them doesn't magically disappear, it is added to the increased cost for everyone else who has insurance, and that means higher premium payments for everyone. If they cause a car accident, in some cases they just leave, they have no insurance so who pays? again, we all do in higher premiums. In some cases they cause accidents as a scam, make it look like they were the ones not at fault and collect settlements for big $$$. I know, it's hard to send them back to their own impoverished countries, and if they can get back here legally, they are welcome, but illegals are costing us more than you know

HOW DO ILLEGAL ALIENS SURVIVE In America Without Being Legal??

If that were all there was to the Illegals effect and impact on this country then it would only be a mild problem.

Come to New York City and you will see Busboys, Delivery boys, Messangers, Grill Cooks,Cashiers, Janitors, Nannies all comming out of the illegal pool.

Time to wake up, and get mad friend, because technology is an open market and these people are learning computers just like you and I and that means, if it don't require a Masters Degree they will be applying for the job, that process has already begun!

Seriously, Mamoun's is Middle Eastern food but ask for a Falafel and a wet back is making it for you. I haven't seen an Italian making Pizza in more than ten years!

Republicians keep spreading the myth that they are doing jobs Americans don't want. Fact is Americans may not want to always do the dirty work but they will for a respectful wage, that,'s the problem.

Businesses have inflated the economy and undermined the working class to make the whole idea of a fair minimum wage a joke and Unions useless. This is free falling because it also effects housing, tenant rights and healthcare and education in the same undermining way.

And if that ain't insult to injury look at how many come here and pay enough under the table to get legal or get amnesty from the Republicans then retire and go back were they came from taking more money out of the country! That is, while sure, they may be entitled to a pension but it's an American Pension, and American Social Security being drained by people who had no intentions of becoming real Americans in the first place!

HOW DO ILLEGAL ALIENS SURVIVE In America Without Being Legal??

Because our Government is, in every regard, aiding and abetting their criminal activity. It is a well known fact that they take from the economy more than they give. Everywhere you see abuse of the system. Our new speaker of the house is from San Francisco, a sanctuary city. City employees are forbidden to cooperate with federal authorities. I saw on the news a %26quot;shanty%26quot; town in California. this town is there for all to see. Local residents have complained. Women have been accosted. The news crew filmed prostitution, drugs, drunkenness. No sanitation facilities so guess where they %26quot;go%26quot;. Anywhere they want. Hey where is that tree hugger Nancy Pelosi? they are harming the environment. Dianne Feinstein thinks %26quot;they live in the shadows%26quot; . Funny, how does in plain view for all to see constitute living in the shadows?

They survive not being legal because we have selective enforcement of our laws.Dianne Feinstein in her speech before congress in support of the Senate amnesty bill stated %26quot;employer sanctions do not work%26quot; Wonder why? maybe because they are not enforced? maybe because you order employees not to cooperate with federal authorities?

So how do they survive without being legal%26quot;

Very well indeed, with the full support of the government that is there (supposedly) to represent you, and..here is the best part, you get to pay for it!!!!

HOW DO ILLEGAL ALIENS SURVIVE In America Without Being Legal??

It sounds like you've spent some time in my town or some place very much like it. Everything you say is true even if some people choose not to believe it. I feel a little sorry for people who think these kinds of things just don't happen here in the good ole USA. I wonder how they think these illegals buy homes and start businesses on field and dishwashing wages. The truth is they don't. They have better jobs than that, they are paid to get more illegals to come to work, and they do get preferential treatment when applying for loans and grants. They also collect foodstamps, welfare, and WIC. I wish I could get a setup that nice. Maybe I should apply for a green card.

Or maybe I could get a divorce. It seems our government is also anti-family (for citizens anyway) as they seem to only help illegals and single mothers. I have been refused a lot of help--medical and job training/college simply because I choose to raise my children inside a marriage with their father. And don't forget our senior citizens who can't afford to get married because the woman will lose benefits she worked for all her life. When will our government start supporting its citizens and their fine family values?

HOW DO ILLEGAL ALIENS SURVIVE In America Without Being Legal??

Guess what? They do just fine. I know this guy who works at a restaurant under the table and makes 800usd a week.

HOW DO ILLEGAL ALIENS SURVIVE In America Without Being Legal??

lie cheat and steal

HOW DO ILLEGAL ALIENS SURVIVE In America Without Being Legal??

The US is just like Mexico... everything is possible

HOW DO ILLEGAL ALIENS SURVIVE In America Without Being Legal??

well they cant collect welfare so they work 4am to 7pm under the table pay

HOW DO ILLEGAL ALIENS SURVIVE In America Without Being Legal??

Well, i think they survive cause if you report and deport them, then you would become illegal. If you even talk to illegals, then you become illegal. If you crash your car into an illegals car, then your car will be impunded by the state police, then you will be marked as an illegal and you will be sent to your ancestors homeland. Scary huh.

Should we follow china's lead?

China are giving certain Africian goverments loans with no %26quot;strings attached%26quot; in return for oil... these african goverments are then saying %26quot;no thank-you%26quot; to the west and therefore we are losing oil supply and a cheap one at that... It is now a competition to secure oil supply and maybe the west are taking the wrong route.. Why should we enforce our standard of morals upon Africa.. afterall we were the ones responsible for %26quot;enslaving%26quot; the African in USA etc... we should just lend them the money and let them spend it as they want and therefore get that precious oil supply that we will need in the future... OK i do understand that most african governments are corrupt but.. hey... we did try giving loans before on certain %26quot;moral%26quot; conditions and we only had a negligible/small effect... so let them spend the money as they like and we will also get what we want too.... what is the best route to take??

Should we follow china's lead?

Are you saying that China is trying to secure resources?

That they are using foreign aid to advance their own cause?

That money/goods are used to influence?

That instead of armed invasion a less costly means of securing future resources is to 'help' local governments?

That the world is falling into patterns of expanding and contracting empires? Wow glad I was sitting for this question.

Should we follow china's lead?

My point was ALL earthly governments act that way. It is a common human failing. End justifies means etc. Governments goal is to continue ITS existence... that I want mine and yours too... which ultimately defeats us. Give away everything and then you have EVERYTHING. Report It

Should we follow china's lead?

You are partly right, actually the likely reason why African governments reject loans from western countries is because they have to pay back that huge amount of cash at some point in time in the future and that can cause some problems in both the short and long term. Even some trade agreements with the west are unfair toward Africa's economic growth. China's offer must have been a very attractive one.

Should we follow china's lead?

I'm sure there are some strings attached I don't believe the Chinese would give me money away without some assurance of getting something in return. I'm also assuming these loans have no interest and no time line as to when the loan should be paid. I think that because oil will be so scarce that instead of spending money in a war we should be spending it in trying to find an alternate to oil. The Chinese are being proactive while we are thinking of the right now. Also, no one really knows how much oil is left in the middle east. We are betting on just one source.

Should we follow china's lead?

China has learned to create allies that follow orders and BECOME puppet governments.

They have a great idea of NOT trying to force Chinese culture AND morality.

Should we follow china's lead?

Giving and taking i think is negotiation first place, and Africa is not the African you are taking today. they have a right to whom they will let benefit their resources. And i came back to the Western world, there are still governments who understands Africa.

China is the only new revolution of understanding in every way: Don't be surprised how things changing from force and accusation to peaceful and respecting the counter part.

Should we follow china's lead?

first of all America is NOT responsible for slavery;the africans sold the their own people to the English and the British and the Dutch,what ones they didn`t steal,as slaves...secondly:China is trying to gain allies any way they can and no we should not follow their lead

Should we follow china's lead?

Very tricky I believe there is a reason behind and that's for the world to find out later.

Who's Washington D.C. trying to fool?

Recently I saw where some of the bankers were brought into question about their personal profits during the recent downfall of the economy. I myself find it outrageous because it was some of these very politicians that voted for the NAFTA accord in which thousands of jobs were shipped to Mexico, Canada and over seas. Now just what the hell do we need from Mexico? Cheap labor and less buracratic red tape for business that exploit and steal from Americans! I believe that our fruitcake political leaders should be brought into question before the American people for their debunk in running this country both democrate and republicans! The bankers were over paid yes, but they were giving home loans to thousands of people who were looking for a loan and just because many people can't control their credit card spending and the loss of jobs to many others isn't a reason to question bankers! When the stock market fails, who'll be paying dividend's on Mexican based companys then? Where's My IRA?

Who's Washington D.C. trying to fool?

The fact will always remain that what's bad for american labor is good for american corporations. Politicians are pocketed by such special interest groups. As much as I would looove to see them held responsible, this is a capitalist society so what they do is actually %26quot;commendable%26quot;. As for these bankers, you're totally off base. These bankers committed blatant fraud to veil the realities of the sub-prime loans. The people with poor credit were not at fault- they shouldn't have taken out the loan, but what the bankers did was illegal. Most of them paid off the Bush administration and I know at least one man got an ambassadorship in return (this is also illegal...).

Who's Washington D.C. trying to fool?

Trying to fool? I think they have done a dam good job of fooling the people. How many of those in congress, both house %26amp; senate, are career politicians? The country continues to sink in a cauldren of debt, our living standard continues to drop, energy prices are escalating at a pace never seen before in our history, our jobs are outsourced or just plainly shipped to foreign countries enmasse. Healthcare continues to rise while job provided medical insurance becomes less %26amp; less. And through it all, we continue to re-elect these same people that are giving us joblessness, higher energy prices %26amp; a healthcare system that 95% of the people can't afford. Are they fooling us? I think so %26amp; doing a dam good job of it. But, have no fear, your elected representatives are doing quite well %26amp; they thank you for it!!!

How do families of 4 or more live on $2 000 a month?

I am just curious how many people can afford that stuff. I am single mom on student loans and I am very good with money. I make my student loans and family allowance stretch like nobodies business. But I walk into these stores and I see people in Walmart buying brand new clothes, not from the thrift store, or people buying patio sets from Superstore. I can't wait till I am done university until I can do such things! I have never lived at that level financially, ever! But on the other hand, it confuses me, because with my living expenses and my family allowance, I have $2 600 for 2 kids and myself and I had to save for 3 months to get my daughter a bicycle for spring. Years ago I would have been rich on $2 600, and now it is not much at all. How do these families that live with 5 kids on less do it??? Do they food bank? Do they subsidize? Do they live in cheap areas? How do they do it?

How do families of 4 or more live on $2 000 a month?

I thought other people appeared to have more than what I did and on less money. It's not true. They may appear to have more but they don't. There are other areas of the budget that is suffering that you just don't readily see.

I've seen my sister with her husband and their 5 children trying to survive on a tight budget of $3000 a month and from time to time they don't. They just go out and splash up and suffer for the next 3-4 and sometimes 6 months till they catch up again. It's hard as you know, however they have what money can't buy... love, laughter and they both come from huge families.

So, the things they do to survive when they've blown the budget is - buy less food and go to the food bank if it's really necessary. Visit friends and family (funny, but there always seems to be some big family celebration just after they do it.. so there's more than enough food for the home and freezer... :-).. )

Leave the car home and walk where possible (they tend to stay home more).

I guess the main thing in all of this is family. We help them to survive when they need it and they add to the love and laughter.

How do families of 4 or more live on $2 000 a month?

It all depends on how much your housing cost is and how much credit card debt, car loans etc you have. My ex husband, 2 kids and I lived on $2000+- a month and it was very tight. We had alot of credit card debt and a car payment, if it weren't for that we would have been ok.. My husband now, 3 kids and I live on around $3000 now. We don't have credit card debt or car payments but we do have a mortgage on a first house that is rented out (rent payment goes to that), a second mortgage on our new house that is half paid off and a mortgage on this house which is $1300/month. We do really good, but we have to stick on a budget. I forgot to mention with my first husband at least $400 a month went out for his cigarettes and beer. But anyway, it takes budgeting and keeping debt down.

How do families of 4 or more live on $2 000 a month?

You have 2600 after your bills are paid or that's what you have per month total?

How do families of 4 or more live on $2 000 a month?

VISA, MasterCard.

Americans live well outside their means. I make $1800, I'm a single mom. I live like you. Don't feel like a stranger.

I patch pants for my kids, scratch and save for every thing.

How do families of 4 or more live on $2 000 a month?

you have to swallow your pride and do what you have to. food stamps and medical assistance for your kids.Your the mom. I had too.Veg table garden.2nd hand store is great.My home is nice. sand and paint to make look new. buy knobs at and hooks at 2nd hand store.You will be fine you are on the right track. I am proud of you. Nothing is easy it never will be.I took in ironing for a month.Think like the pioneers.Pray every day and night.

How do families of 4 or more live on $2 000 a month?

well im not sure on the official level, but that type of income with so many people qualifies at poverty level. people at that level typically depend on government aid which helps them spread the money more (given that they have a little more leeway). you should look into the rules for your state because if you qualify then you can get help on the really expensive parts of life like health care and food. with that type of support, life may be a little easier

I really want to attend USC (South Carolina) but my mom is pushing Louisiana.?

I've been accepted to ULM, University of Louisiana at Monroe, but I REALLY want to be at USC. I live in NC right now and I've never been to Louisiana and I don't want to go. At first I did but that was before I actually did research on it. I live in a booming city (Charlotte) and I don't want to be in a small town which I believe is Monroe. Sc is only an hour away compared to 11 hours and its a big BEAUTIFUL school. The only thing is...money. She's pushing Louisiana because it's very cheap...$8,000 to be exact and SC is maybe around $23,000. We're not eligible for financial aid, apparently they said we make too much money so we've been taking out loans. I don't mind taking out more loans to pay for my education especially when considering my major which is Pharmacy. Are there any scholarships or grants I can use or anything. I really want to go to this school!!!

I really want to attend USC (South Carolina) but my mom is pushing Louisiana.?

Your reasons for wanting S. Carolina over ULM mention only matter of convenience for you (only an hour away/booming city) and aesthetics (beautiful school).

What about quality of the program? The third highest ranked pharmacy school in the nation is in your own home state - University of North Carolina - Chapel Hill.

You're close, it's a nice campus, and considering in-state tuition, it's probably cheaper than S.C. or U.L.M.

For the above poster, LSU and Louisiana-Monroe are nowhere close to each other.

I really want to attend USC (South Carolina) but my mom is pushing Louisiana.?

Go to: http://www.apscnet.com/mc/page.do?sitePa... and find out more about Pharmacy scholarships and loans. They are not based on financial need (making too much money).

Also, google %26quot;Pharmacist education grants and scholarships%26quot; You should find a lot of ways to fund your education.

Good luck, my friend. You do not want to go to LSU. It is still suffering the effects of Hurricane Katrina, and it is possible it could be hit again this summer.

I really want to attend USC (South Carolina) but my mom is pushing Louisiana.?

You won't qualify for pharmacy scholarships until you are accepted into a pharmacy school. The average pharmacy applicant is not accepted at any pharmacy school. If you are elgible for a grant, it will show on your financial aid.

I really want to attend USC (South Carolina) but my mom is pushing Louisiana.?

I know it is your dream school, but student loans can effect your independence (living on your own, owning a car, etc.) once you graduate from pharmacy school. FinAid has a good student loan payment calculator to give you a rough estimate. If you could find some outside scholarships to lower the cost of USC, it would be more palitable because you would not potentially have close to $100,000 in student loans. Pharmacy school and graduate school is not cheap. I will list some free resources to help locate money for college. Good luck!

Need Help with Real Estate!?

Hello, i am looking to get into the field of real estate, what i would like to do, is buy cheap homes in poor condition and then hire someone to come in and fix them up, then sell the house at a higher price. I do not have the funds myself to buy homes and i would perfer to work with grants instead of loans, due to me not having enough credit for Loan companies, and banks to lend me the kind of money it would take to do so, what advice could you give to someone who is intrested in getting into this business, and what is the best way i can assure my self of getting a grant to start my real estate dreams? please reply asap

Need Help with Real Estate!?

Never heard of any kind of grant to do that. There are government programs for housing, but there for people to buy their own home to live in (first residence), not to start a business buying and selling properties. You have to get individual investors, but they are doing it themselves. If you had perfect credit you couldn't get the money you need because of the %26quot;poor condition%26quot; of the homes you want to invest in and the cost to make them sale-able This is one of those scenario's where %26quot; you got to have money to make money%26quot;

Recession 2007 ???

I have written about the great imbalances of the US economy. Yet in all of my previous articles on the subject I have been unable to pinpoint when these imbalances will result in a bust.

One can never be completely sure of the future, of course, as one does not have full information about all factors shaping future events. Thus, it is possible that this prediction will go wrong if the US experiences some future positive shock, such as for example a significant decline in oil prices. Australia seemed poised for a recession in 2005 after its housing market busted, but this was averted as the prices of Australia's commodity exports soared because of increased demand from China.

However, barring such an unexpected positive shock, it seems increasingly clear that we will see a US recession this year. The main reason for this is that the housing bubble that fueled the recovery of the last few years has essentially burst.

While mortgage debt continues to climb, albeit at a slower rate than before, and while housing prices have flattened rather than declined so far, other housing market indicators point to a housing recession. New home sales have reached multi-year lows and the inventory of unsold homes reached multi-year highs. Meanwhile, residential investment has declined significantly from its peak in late 2005. From 6.3% of GDP in the third quarter of 2005 to 5.3% in the fourth quarter of 2006. However, that is still above the 4% average of the 1980s and 1990s, and also significantly above the 3.3閳?.4% level of the recessions of 1982 and 1991.[1]

So far, the economy has seemingly handled this fairly well and experienced what one might call a %26quot;soft landing,%26quot; with growth being slow but still well above zero. Yet there are increasing signs that the worst is yet to come. Much of the housing bubble was financed by so-called subprime mortgages, mortgages to people with a low credit rating. Subprime mortgages were encouraged greatly by the government, with the Federal Reserve providing a cheap source of credit and with Bush encouraging it as part of the %26quot;ownership society%26quot; that he envisioned. But after the Fed was forced to raise interest rates again, and as the introductory teaser offers expired, the cost of borrowing for the subprime borrowers increased sharply. And as subprime lenders almost by definition have weak personal finances, many have proven unable to handle that.

And so we now see how the default rate has increased sharply. This will mean two things: first, new subprime loans will decline sharply. So far this year, subprime loans have declined 37% from last year.[2]

This will not only mean lower demand for new houses, but also increased supply as an increasing number of subprime borrowers are forced to leave their homes. This fact, as well as the fact that construction spending is still at historically high levels means that it is likely to decline a lot more. And if this causes outright decline in housing prices, it will have a very adverse effect on consumer spending. The household savings rate was -1.2% in January and February.[3] Meanwhile, despite record high asset valuation, the household debt to asset ratio reached record levels last year, as did the mortgage debt to housing value which hit a record high of 47% in the fourth quarter of 2006.[4] Looking beyond the aggregate number, you can see that 27% of all homeowners have less than 20% equity (more than 80% mortgage debt) in their homes and 16% have less than 10% equity, making them highly vulnerable to a fall in prices.[5]

All of this implies that the current spending pattern is dependent upon a continued rapid increase in asset prices, from levels which are historically already extremely high. Household real estate values, which in my first article on the subject I reported to be 184% of disposable income, up from the historic range of 135% to 150%, had in the fourth quarter of 2006 risen to 213% of disposable income. Meaning that there is certainly a high risk of falling prices 閳?which, given the negative savings rate and the record high level of household debt, would imply that consumer spending will have to fall.

With residential investments likely to continue to fall and with consumer spending likely to be weak as well, the one thing that could save the US economy would be business investments. Business investments are still at a relatively moderate level, and in relation to corporate profits they are in fact historically low.

However, there are signs that corporate profits have peaked. The increase in profits over the latest year has been concentrated in the financial sector and in foreign subsidiaries of US firms. In contrast, profits at domestic non-financial industries (the sector that invests) have started to decline: in seasonally adjusted terms, they were 2.5% lower in the fourth quarter of 2006 than in the first quarter.[6] And with profits showing signs of declining, it is perhaps less important that they are still at high levels in absolute terms, because what matters for business leaders is not so much current profits, but expected future profits 閳?or to be more precise, if businesses think additional investments will generate even higher profits.

And with the pessimism generated by the decline in profits and the trouble in the housing market, an increasing number of business leaders seem to think that the days of high profits will be over soon. Business investments fell during the fourth quarter of 2006, and judging by the weak data for non-defense, non-aircraft durable goods orders,[7] the outlook for 2007 is not particularly good.

But what about the Federal Reserve? The Fed has always been %26quot;the knight in shining armor%26quot; always saving the day by cutting interest rates 閳?and they will do so again. At least, that's what many people on Wall Street seem to think. And of course, Ben Bernanke would certainly be willing to provide %26quot;liquidity%26quot; 閳?with or without helicopters 閳?if he thought a recession was coming.

However, the fact that commodity prices continue to soar and the dollar is falling means that Bernanke will have limited scope to cut interest rates, particularly in the aggressive way that Greenspan did after the tech stock bubble burst. With businesses being reluctant to invest, and with subprime mortgages discredited, one has to wonder: where is Bernanke going to create the next bubble, the one that will mask the hangover from the housing bubble in the same way that the housing bubble masked the hangover from the tech stock bubble?

Recession 2007 ???

Dang man! You make some really good points. It is scary. However with oil going down the tubes, technology and the development of alternative forms of energy come to mind. Most of our problems have come from money grubbing government and businesses all making the wrong decisions for the wrong reasons. JMHO

Recession 2007 ???

Ron Paul recently said that with all the borrowing we are doing from China, and the constant printing of money we don't have from the Federal Reserve we have to go into a recession. When countries start to realize our dollar really isn't worth anything it is destined to happen.

WHat do we do? Well I don't think Bush is smart enough to get us out of this one.

What can i do?!?

my fiancial advisor is not the best person to deal with. last semester he gave me the wrong advice. which cost me to lose $800 in free money! every semester im around $3,000 short for tuition.ive always told him. as far as loans fall semester will put me extremely close to the $10,000 debt mark. so i talked w/ my advisor and asked if there were any other sources out there. and he started telling me about other loans. i told him no i meant like grants or scholarships. and he seemed a little angry and told me that i should've thought of that a long time ago now all the scholarships have been awarded. and i told him fine but it could be good info for next semester and the future and he got angrier. he said that a college education is not a free nor is it cheap. that they dont just hand educations out and they dont do charity work. which i told him i didnt imply nor did i have any conceptions of that i just was wondering if there was help somewhere bc im drowning. what can i do w/ him?

What can i do?!?

Be honest with him, his anger is not your problem. If you think he failed you, tell him and he must bear the responsibility of his advices. then, talk to another one if that is possible.

What can i do?!?

Ask around if your friends are happy with their financial advisors. Dump this one. Is there a students' union or organization at your college which would have info about grants or scholarships?

Check out the leads from the other replies. There is no-one better to advise than someone who has 'been there, done that'.

What can i do?!?

You can get free scholarship info here:

http://www.aroundthewebaccess.com/schola...

My friend is mad because I cannot babysit for her anymore and her husband is talking crap about me?

Ok, first of all, I am 27 years old and I have 3 children of my own. (2 are in school) I have been helping my friend out for over a year now. Her and her husband make good money... she just got the job last year, but they have dug themselves so far into debt they cannot pay for %26quot;real%26quot; childcare. I'm talking about a new truck for $600 a month.... a leased vehicle for $750 a month for 4 years, payday loans, a title loan on another truck they still have, ATV payment, credit cards... list goes on and on. (They have 4 kids.... I watched the younger 2...others were in school) Anyways, their bills shouldn't be a concern but they are and this is why. I live on base.. I watched their girls for DIRT cheap. Well, I'm not certified and someone said something so I had to immediately stop watching them or get in trouble. They got very very mad and I haven't talked to them since. I was just wondering how people can expect things from other people like that? Its sad cuz I've done so much 4 them

My friend is mad because I cannot babysit for her anymore and her husband is talking crap about me?

You don't need to be certified to babysit, its not like you are running a full time daycare or something.

They are mad because they haven't stepped back to look at the situation. They feel like you have done something wrong to them and that can't be farther from the truth. Maybe write them a letter stating the facts like you have done them a huge favor by babysitting for over a year for very little money. This saved them enough money to buy cars and other stuff. Tell them you are sorry that you have lost a friendship but the fact of the matter is, is that they took you for granted. It is not making them look any better by talking bad about you. Tell them that you enjoyed watching their kids, but its time for them to face the music and find daycare like every other parent does.

My friend is mad because I cannot babysit for her anymore and her husband is talking crap about me?

You know in your heart that you helped all that you could, if they are so selfish then let them be.

Where can i get help to fix my credit?

Where can i get help to fix my credit for cheap? i dont make a lot of money and i have bad credit and i need help to fix it i have 2 school loans that the payments are way to high...is there a loan or some creditor that can help me?

Where can i get help to fix my credit?

The only way to %26quot;fix%26quot; bad credit is to have good credit behavior and that takes time. Don't by into the ads that say they can fix it for you - they can't. Your credit history is what it is - no changing it (unless it is inaccurate). Sorry - I wish there was a better answer for you.

Best thing to do is from this point forward - DON'T use credit and pay all your bills on time. (Don't buy into the get a card to use and pay off to %26quot;build%26quot; your score).

Good luck!

Where can i get help to fix my credit?

www.creditinfocenter.com and watch out for credit counselors, I have been screwed and wouldn't do it again

unless they had an office in my hometown.

Where can i get help to fix my credit?

http://www.nfcc.org/ Consumer Credit Counseling Service (CCCS), a legit non-profit company offering free credit counseling. They can look at your finances and advise you how to proceed.

Where can i get help to fix my credit?

Consumer Credit Consuling they are free.

Where can i get help to fix my credit?

You don't need another loan and you don't need %26quot;someone%26quot; to fix you ( I said %26quot;you%26quot;).

You need a written budget. You need fiscal discipline. You need to fix it. Don't expect anyone else to fix your problems.

Where can i get help to fix my credit?

You don't need anyone to help you, you can do it all yourself. Just pay all your bills on time, get a copy of your credit reports, dispute everything negative, and if you cannot afford your bills pay the ones that have the highest interest and the ones that might go to the collection agency. Call all the people you owe money to and see if you can settle for less.

Where can i get help to fix my credit?

may be you need a partime job.

A small student loan consolidation with low interest is the best I found interesting information about your answer %26amp; options here. http://all-debt-consolidation-loan.blogs... Good luck!

Financial Advisior needed!?

I graduated college with an Associate Degree in May. I just turned 21 last Tuesday (spent it at work btw). I have had this job for 3 months now as an Electrician at a steel mill. I am working 60hrs/weeks and I am making about $60K/yr. I have $0 C.C. Debt, and $5k in student loans. I baught myself a beautiful Camaro (cash) as a present for myself at graduation ( I also have a very cheap driver car). I live with my parents and have about $300/month in bills.

My goal was to continue living with my parents and to save $50k by my 26th B-day. However, I am saving about $2k per month right now. But the mill I work at is having financial trouble and I am not sure how long they will be around :(

I come from a %26quot;lower middle class%26quot; family and have an incredible desire to be successful but have nobody to go to for advice.

How should I go about investing the money I have now?

1.Pay off my low interest student loan?

2. other options?

Financial Advisior needed!?

go to your bank/investing company and start a roth ira and a 401k. set money aside every month for your bills, your savings account, 401k and ira. no one lives debt free anymore...you will always have bills. pay off your student loan as soon as you can. i also suggest purchasing real estate of some sort. good luck!!

Financial Advisior needed!?

dont buy the books on tv. yeah there's good money in real estate. if you're gonna buy books, donald trump has some books out buy something like that by someone you know has made it and not just trying to make something off you. other than that find a good real estate agent (a good one) they can give you some advice. go to whartons site they have alot of good info there.

Why is the sub prime mess a problem for the economy?

I need some help here because I must be the only dummy that doesn't understand the problem.

Why are the mortgage companies reporting such huge losses? The mortgages are secured loans that are backed by real estate. Are the property values that low? If it's a matter of conservative accounting rules in valuing the loans, then are we really in a crisis?

I agree that it is a social tragedy if thousands lose their homes to foreclosure, but is that cause for a recession? I would think the glut of cheap homes in foreclosure would stimulate home sales and the economy making it all a wash.

Why is the sub prime mess a problem for the economy?

This is going to take a moment, so hold on.

...

Lets start in 2003. Greenspan lowered the Fed Rate to a ultra historic low of 1%. Economically speaking, this was incredibly stupid! The interest rate is the risk of money. With a 1% rate, that essentially meant that the risk was factored out. When that happens investors and consumers act irresponsibly, and that is exactly what happened.

1) People got into mortgages they NEVER should have been in. Not only did they get into these loans, but with the low introductory rates already associated with ARMs, these people got into houses that were too big for them to ever get into. This is where consumers were acting irresponsibly. Now, maybe some of them figured they would sell the house before the rate readjusted...its irrelavent what they were thinking, they ALL were made aware the adjustment WOULD take place. But with the attention span of a feret, that meant nothing to these people.

2) Another consumer/investor hybrid that was affected and that contributed was the speculators within the housing market, primarily the house flippers. You have a house on the market, a house flipper buys it and flips it and puts it on the market 4 weeks later. Then someone who wants to live in the house buys it and moves in. What happened in this transaction? Well for one house we got two mortgages, and when the monthly MBA Purchase Application report is delivered (Mortgage Bankers Association) to the market and says there were 2 applications made, but mentions nothing about them being for the same house. So, this creates an artificial signal to the market that housing is exploding and for everyone to jump in. So new homes start to be built. As time progresses, this process continues because two signals are being communicated to the consumer: 1) the housing market is on fire and prices are flying through the roof due to the demand. get in while you can and secure a good rate, 2) rates are at a literal all time low, get them while you can.

This whole thing corrects itself when the speculators can't find anyone to buy the home they are not stuck with (The largest segment of the housing economy, in dollar value, that foreclosed are the homes valued over $470K). So these houses start to foreclose first and then the subprimes foreclose en masse. The rates adjusted, and the result was no one could afford to pay for them and they couldn't sell them, so they foreclosed (banks HATE foreclosures).

3) Then there are the Collateriallized Mortgage/Debt Obligations (CMOs/CDOs). So, in order to meet the demand for all of the home loans the financial institutions pooled all of the mortgages into groups; for example's sake we will focus on the subprime group since they were the largest volume wise. These mortgages were pooled together and then sliced up into Debt instruments (just think of a bond) called CMOs or CDOs. They then sold them like as securities, like bonds. So lets say you bought one, as they were usually sold at $25,000 minimums. What happens is you get this note and when the subprime mortgages made their monthly payment, a portion of the percentage was kept by the finance institution and a portion went to the CMO holders as interest payments. So, rather than receiving a annual interest payment like most bonds, you are receiving one every month. The 25K you invested in owning this (the principal) would be due back to you when the note expired, usually at when the mortgage was paid off on its regular schedule. (there is a lot more to this process, but I am sticking to the basics to explain to you what happened in the market and then the economy). that 25K you invested then goes to the bank to be used to make more home loans, and then they make more CMOs or CDOs. As you see, the cycle continues.

Naturally, there is a risk inherent in this process to the investor, which is why it has a minimum amount that is so high and is largely reserved for investors with over a million in assets and Institutional Investors (other banks, mutual funds, hedge funds, etc). Part of this risk is the possibility of foreclosure, and this is where the Credit Rating on the note comes into play (i am not about to go into this, just know that when the system experienced a massive foreclosure rate, and therefore the bonds defaulted on their interest payments, the credit rating system went to crap and NO ONE wanted to issue credit as it was too risky). When the rates adjusted, foreclosures came swarming in. Investors were striffed their interest payments and the banks couldn't liquidate the homes fast enough, and receive a decent value for the homes (typical in a foreclosure, which is why they hate them). The end result, hundreds of billions of dollars lost, and the impact is felt all over the world.

So how does this affect the economy. The biggest loosers was the Financial Sector, which happens to be the largest sector in the economy; roughly 20%. When they dropped, the took the market with them; especially since they weren't issuing credit due to the Credit Rating mess, and many companies were needing to get credit in order to expand, since their respective sectors were fine. So, the spread trickled all over.

This means that property values were dropping as demand was ACTUALLY reseting to its actual levels. Unemployment went up, since the contruction sector, and the industries that feed off of it, dried up. This meant consumer spending went down, which further spread the problem of no money in the market.

The end result, we are facing (if not already in, as we never know we are in a recession until several months after being in it) a recession. The burn is, while the rates are dropping, so too are the home values. Some people aren't able to refinance their home loans because they don't even have enough equity...and the equity they thought they had is now getting lost to the drop in the home's value (due in large part to the glut on the market with homes, but also due to the fact that the inflation in the housing market was 8-10% for a while there, and that is now readjusting). Now, some think this is just the tip of the iceberg. There were a lot of foreclosures last year due to reseting rates, BUT this year, there are scheduled to be $1 Trillion dollars worth or resets. Bush worked with the Finance Sector to post-pone this reset for another five years, but this is not all of them .... and this still doesn't mean mass foreclosure has been post-poned, as a recession could easily cause that problem.

I know its a lot, and I hope I answered it to a point where it was made clear. Your question is not in any way a simple one...in fact, it is an incredibly complex one!!! And I enjoyed the opportunity to discuss it.

Why is the sub prime mess a problem for the economy?

The sub-prime mortage mess is the biggest %26quot;black eye%26quot; for our corrupted and corporate generated overwhelmed, credit induced economy. Unfortunately, the marketing machine called pop-culture and consumerism has fueled the middle class to become dependant on 2 incomes, leaving them more vulnerable to problems if something happens to reduce those two incomes of the household. No one has any money in savings anymore, and if you can maintain good credit - the theory is you don't really need savings, as long as you have access to credit - which most people do, despite their credit score. Sub-prime encouraged people in the middle class especially, to tap into the largest amounts of $$ they had access to, by purchasing a home that they couldn't really afford in cold-hard cash. The families fell for it, moved into their homes that were lovely, and then the fine print came into play in their financial documents. Interest rates changed, banks decided to make balloon payment due, and many people couldn't afford it after the sub-prime honeymoon period was over. Also - it's a horrible product encouraged by banks and corporations to spin our economy even further into threat of recession. Because of these sub-primes, homes that are actually being paid for and appreciating in investments are losing $$ because of the amounts of foreclosures and homes available that people just want to wash their hands from. Awful.

Why is the sub prime mess a problem for the economy?

If I lend you money at a rate of interest and you lose your job and cannot pay then I stand to lose everthing. almost the same with a mortgage except the mortgage company has the house as security so some of the loan can be repaid which in arecession might well not cover the initial loan plus interest.

Why is the sub prime mess a problem for the economy?

because so many people took out home loans based on cheap MOrtgage payments from low interest

when the Fed raised rates people's payments rocketed

and therefore people lost thier homes and investment homes as well. Some people took 3 and 4 morgages out in order to do house flipping and make money when realestate was hot-

people got greedy and they were stupid for taking out a mortgage that had adjustable rates- BAd move

now banks are in crap because they lost so much money in these mortgage deals because people cannot pay

were talking like Millions and millions of dollars

and that has freaked out the economy

and wallstreet

we are not talking about a couple houses either, its thousands and thousands of homes that this happened to-

we will recover and the real estate market will be hotter than it was, but this time it will be with people who have money that will buy up these forclosures

the rich win again

but back to your idea on realestate being a wash-

well for now trhere is to much supply and not enough demand

and when that happens you have weekness

so untill there is demand to overcome the supply we will have to wade this out

people are afraid right now of real estate- its like a rotten egg

Why is the sub prime mess a problem for the economy?

The homes that those loans were taken out on were over-valued in many cases. So when the banks are forced to foreclose on the homes, they are stuck with a house that isn't worth the money the bank gave the homeowner to purchase it. And on top of that, you add the fact that foreclosures are usually sold at auction, which always brings in even more significantly lower numbers for the house being sold... and in total you end up with the banks that backed these loans to the mortgage companies taking an absolute bath financially in total losses over this housing market collapse. And of course the mortgage companies, once a loan goes into default, they are no longer getting paid the interest they were counting on to make a profit, and so they go belly up because they don't turn a profit and their stocks go into the toilet.

Banks make money on real estate loans when people pay the loans back with interest. They don't make money on foreclosures... and so when the industry started really inflating home values a few years ago to be able to give loans to people who weren't going to be able to pay them back responsibly, the whole industry was just setting itself up to burst... just like the Savings and Loan scandal of the mid-1980s.

Why is the sub prime mess a problem for the economy?

This is not a problem of sub prime. But sub prime is one of the starting result of our huge foreign debt and symbol of US recession.

Recession means we face difficulty in buying foreign made goods. Or we will not have enough money to afford made in chana or made in Japan commodites. Our dollar value in the world market go down. And we feel poor in the world. We allready entered in recession.

Today we have only 11% prodution units compared to post WW I I. More imports and less exports developed foreign debt. As on today we have 9 trillion dollars ( 9,000,000,000,000=00) of foreign debt. So our dollar is going down. This is beyond control. Now there is no choice. .

Its easy to understand in the year 2000 we were getting 1.21 euros for dollar. But right now we are getting only 0.68 euros. Means If we have 100 dollars in year 2000 right now that become worth only 56.19 dollars. Means we lost so much wealth already compared to other nations.

.

No one exactly know what will going to happen. Because this is depression of all world driven by US. Countries like China, Japan, Canada, Mexico and German may suffer more next to our country.

now china currency is almost fixed ( pegged) with US $ . If in case china take out the pegging means if their currency keep floating, we start to feel more sever depression. we may not afford to buy made in china goods. We have to start our closed prodution units back. As per me this date may fall in 2008. Because of weak dollar china is loosing a lot. It buy raw material and oil for more money and sell goods to us for less money . Its loosing money to keep their own and US economy running.

Now everything is beyond control. Nobody can control or prevent us from going depression.

We dont have any chance to escape from this. As we are super power the exact impact of depression is getting postponed.

The only way left is to save yourself.

To know the reality please watch following video clips

Do you need a job to get a car loan??

I just sold my car and I'm moving to California. I'll be taking job interviews the week I arrive, but obviously I will need a car to get around from place to place. It's San Diego and the bus system is descent I guess, but I want a car. I have paid all my student loan payments and my last car's payments on time every month, and have never had a bad credit card problem. Only have had it for 6 months or so but paid it off ( I need to check my credit score, If anyone knows a site where I can just pay and look at and not wait for it to come in the mail let me know.) I'm looking for a cheap car (3,000-5000). I have a college degree so it won't be a problem finding a job. I just need a car to get to the actual interviews. So will I be able to get a car loan the day I arrive in California?

Do you need a job to get a car loan??

No you need some kind of income. Now if your looking for a cheap car and have some cash on hand, then you can get a car with putting down a good amount of it upfront.

Do you need a job to get a car loan??

Probably not. Most companies like to see employment, or employment stability so they can rest assured that the payments can be made. Especially used car dealers, and by the amount you are looking to spend, that what I assume you are looking for. You can try, but keep in mind the more places you go, the more people pull your credit report, the more points go on your report.

Do you need a job to get a car loan??

Hello,

I am Mrs Grace Wilson, a reputable, legitimate %26amp; an accredited money Lender.

I loan money out to individuals in need of financial assistance.

Do you have a bad credit or you are in need of money to pay bills?

I want to use this medium to inform you that i render reliable beneficiary assistance as I'll be glad to offer you a loan.

*Car Loan

*Business Loan

*Personal Loan

No social security and no credit check, 100% Guaranteed.

Regards,

Grace M. Wilson

wilsongrace.lender@yahoo.com

Do you need a job to get a car loan??

Not on credit (new in state with no job) - you'd better have cash to buy whatever you need or rent a car.

Do you need a job to get a car loan??

Today every person has need of car, because it has become the necessary need for the people and status symbol also. If you have bad credit history or poor credit history and look for purchase a car, then it is very tough for you. Due to bad credit history, lenders are not keen toward%26lt;!--providing you loan, but do not be discouraged.Generally, bad credit car loans are available at higher interest rate, but you can take at competitive interest rate after placing your assets as collateral in secured bad credit car loan. You may find some car loans here,

http://best-loans.awardspace.com/guarant...

You also can grab bad credit car loan without keeping your asset as collateral, but you have to pay competitively higher interest rate. Hence--%26gt;you can take this loan at better rate, because competition among lender.You can reduce your interest rate after talking with the lender

Do you need a job to get a car loan??

Hi

I saw your question I have decided to help people out due to the fact that I myself has been scammed twice by fake lenders in my search for a loan but at last I got a reliable lender that gave me the loan($60,000 USD) that I was in dire need of. Hence I decided that I will refer anybody I come across to this God sent lender he is reliable and his terms are fair. You can get to him via his email address: dr_leopaulson@yahoo.com, Please tell him that Deborah Kirk he gave out a loan to me . I have search for a legit lender until I got him and I decided to help my fellow humans with this because there are a lot of fake lenders out there and I do not want any body to fall a prey please get to him and tell him that I referred you to him.閳?br> Thanks.

Do you need a job to get a car loan??

Hi

I am kristy from the united state. i am a student

I saw your question I have decided to help people out due to the fact that I myself has been scammed four times by four lenders in my search for a loan but at last I got a reliable lender a PROF. that gave me the loan($25,000 USD) that I was in dire need of. Hence I decided that I will refer anybody I come across to this God sent lender he is reliable and his terms are fair. You can get to him via his email address: prof_hanson101@yahoo.com, Please tell him that kristy . I have search for a legit lender until I got him and I decided to help my fellow humans with this because there are a lot of fake lenders out there and I do not want any body to fall a prey please get to him and tell him that I referred you to him. If you need urgent loan for xmas, Apply now before is too late.

How do i becoma a house flipper?

I am really really interested in flipping house for profit. I live in central california and know that i could do this if i just knew where to start. Do i need to take any classes or go through any type of schooling? There a few properties i am looking at right now that are very cheap but the houses need a lot of work done to them. I am interested in doing this fulltime eventually but would like to start with just one home to see how it works and eventually my sister and mother would like to get involved. I have a lot of people i can get to do most of the work for me for pretty cheap and friends and family will help at first until i know what i am doing as much as i can...

do i need to go to realators school or get any kind of special license or permit of some sort... and also how do easily get loans for this sort of thing? i am only 23 will be 24 next month, and i had bad credit wheni was younger and i am just trying to build it back up, my mom or sister will help with this....

How do i becoma a house flipper?

I seen some good article about it at http://www.flipping-homes.com

How do i becoma a house flipper?

How are you going to be able to figure out what needs to be done to repair the house and how much will these repairs cost before you buy the home? The biggest mistake I see I people have no comprehension of what it takes to build/repair a home and always underestimate the costs involved. Then they complain the entire time about it.

How do i becoma a house flipper?

This is not the easiest business to get into. There are a ton of pitfalls you have to watch out for.

You should probably read Robert Kiyosaki's real estate riches, it discusses this business in great detail.

Go house shopping. Look at about 100 different houses. This will get you to learn the prices and the market really well.

When you find a good deal you will know right away. Buy it, fix it up and try to turn it around for a profit.

I would try to live in the first few homes you flip to avoid capital gains taxes. This also cuts down on your extra bills and possibly mortgage payments. You will have to live through construction zones, if you can handle that, but it will be a lot better short term.

After you have flipped a few, then you can start to bank some cash and carry the costs while you repair and get ready to flip the property.

Try to learn how to sell the homes yourself without a realtor if you can on the first few to save on commission. These could be precious dollars at the beginning.

How do i becoma a house flipper?

sorry to see u doing this to urself.

ur enthusiasm far exceeds ur knowledge or probably money. DO u research first. Build up piles of cash that u don't mind losing.

find some one local that has do this with profit and work for them.

understand ur estimates of work to be done will be lower and cost more than thought.

visit daveramsey.com to learn ur hard lessons from others mistakes. it is cheaper.

How do i becoma a house flipper?

You've picked one of the worst times possible to engage in such a venture. Right now the real estate inventory market is flooded with available properties due to the wave of foreclosures currently occurring. Be prepared to sit on the market with your completed project for a bit of time.

You will need financing to procure the property, plus a sizeable line of credit with which to purchase materials and pay for the upgrade labor involved. Depending on California rules, you may need a builder license to legally renovate such a property. Certain work may also be mandated to be performed by licensed professionals, such as electrical and plumbing.

You will only be able to get financing for properties at or below the amount which you pay for the property. Any improvement expenses will have to be financed in other ways.

Expect to hold the property for at least six months before attempting to resell. Some of that time will be spent on renovations and upgrades.

Know the market in which you select the property very well before jumping in. It's easy to over improve a property for the neighborhood in which it is located. You need to find a property that, when renovated, fits the market prices for the area.

Do NOT make the error of underestimating costs. When you buy properties for flipping, you may discover that you bought more of a repair job than you had anticipated. Inspect carefully so that you know exactly how much work you are going to need.

Good luck.

How do i becoma a house flipper?

IF you decide to do this it COULD be one of the biggest mistakes of your life. Why do I sa that, you are 23, bad credit, NO knowledge of even how to get started, NO funds in the bank, NO construction/rehab experience and you are WATCHING a TV show for %26quot;get rich quick%26quot; ideas.

First of all, do you notice that the SHOW always quotes GROSS PROFIT and NOT net profit? Wonder WHY? Because if tey showed you the REAL numbers then you would NOT want to watch people LOSE money and that does not make for good tv.

AND try to figure out WHEN the show was taped; the real estate market HAS turned and NOBODY can %26quot;flip%26quot; in a declining market. The ONLY thing that saved MOST of the %26quot;flippers%26quot; was the fact that the MARKET was red HOT and you could make a TON of mistakes and still survive but there is NO possible way to flip currently without a big bankroll behind you, experience, knowledge of contstruction and local real estate, a TEAM behind you.

When little old ladies are writing books about the %26quot;killing%26quot; they have made in the stock market THAT is a sign of a market top. When there are 7 shows a WEEK on %26quot;flipping%26quot; THAT is a sign of a market top.

Real estate INVESTING and FLIPPING are NOT; I repeat; NOT about the properties. IT is about numbers, financial management, rates of returns, risk management.

First you need to have a VERY solid background in the local market to be able to identify properties that MIGHT be used to produce a profit; then you need a team of experts who can put together a budget for construction/remodelling costs, a financial plan on how you are going to structure and carry the debt during the project, are you going to hold title in your name, a LLC's name, a C Corps name? Who assumes the risks and provides the credit required for the transaction? What are the tax liabilities? What is the rate of return you will get off the project? What are your exit timelines and stratagys?

Who is your target market and what are the marketting costs to locate, identify, and qualify that prospect?

I remember one %26quot;flip%26quot; shoe that showed a couple in southern California, who bought a house for $1,100,000.00 and %26quot;invested $300,000.00 and then sold for $1,500,000.00 and the show THOUGHT that was a success story. Sorry to bust your bubble but you have about 10% closing costs on the buy and sell sides of a flip so on a property that sold for $1,500,000.00 your closing costs ALONE would be around $150,000.00 and JUST that small detail makes this a losing project not counting, time, effort, $ risked, for a 50K LOSS. Good tv; bad investing. AND this was when you could buy ad SIMPLY sit on a property for a year and then resell for big profits.

What are the odds of making a profit when the avg. price is FALLING?

Watch the shows and see what they LEAVE OUT and then you MAY have enough of a clue to know that this is NOT the time to %26quot;make more money in a few months then you made all of last year%26quot;.

How do i becoma a house flipper?

I don鈥檛 recommend starting such a business now, but鈥?

You should find an experienced real estate agent who can help you find houses at the right price and can advise you on what to do to your projects to make them sellable without over-improving.

Next, make sure you really understand how much materials cost, how long projects take to complete, and what your local building code requires. Always assume you will spend more or that the project will take longer than the estimate.

Never assume that your friends and family will help you, even if they鈥檝e promised because any number of things could happen. You should have an idea of what you can do or what professionals will cost you because the only person responsible for completing a project is the one whose name is on the mortgage.

I bought an as-is fixer upper about four weeks ago. This is my primary home, not a rehab project, but the task has given me an appreciation of how difficult this process can be. We got an inspection so we knew what was wrong, got estimates from professionals, and priced materials at Lowe鈥檚 %26amp; Home Depot. We have had crews of 2-6, working 4-5 hours a night and 8-10/day on the weekends, cleaning, painting, redoing floors, etc over two weeks before moving in, and the work continues on. Every single project has taken longer and/or cost more than we anticipated.

I hope you do not ask your relatives to get financially involved in this. It is difficult to make money on your first flip (or several) because you鈥檙e just learning the process. To ask someone else to risk their credit to help you take a big financial risk isn鈥檛 really fair to them.

How do i becoma a house flipper?

you need to be able to qualify for a mortgage and be able to make payments for as long as it takes to fix it and sell it - could take 12 months or more in a slow market.

You need to have cash to do all the rehab work $10-50,000 - can't get a loan for this

flipping is not for beginners who don't have any money or don't already own their own home and in the current market where house prices are going down more than up - it's useless to even think about doing it

How do i becoma a house flipper?

Go work construction for 3 years.

Make sure every year you change trades.

Do electrical one year, then plumbing, then remodeling.

You will need this experience to do the work yourself.

If you plan on buying a home and hiring a general contractor to do the repairs there will most likely NOT be any profit left after paying the general contractor.

Hope this helps.

Terry S.

http://www.Welcome2Arizona.com

Can I purchase 2 vehicles under one loan?

My dept to income ratio is at its limit. So I want to refinance my truck get lower payments and take that extra money I will have and purchace a cheap car to get me back and forth to work is it possible to put them both under one loan? Like a debt consolodation?

Can I purchase 2 vehicles under one loan?

I think it is possible but it depends on the financial insitution you go to. I work at a credit union, and we won't finance two vehicles on the same loan, unless it is two jetskis or snowmobiles.

Can I purchase 2 vehicles under one loan?

yes.

Can I purchase 2 vehicles under one loan?

With automobiles, you are limited by %26quot;Blue Book%26quot; value and condition of the automobiles. In order to borrow enough money to pay off the truck and buy another car, you would need enough collateral to sustain the new loan. Yes, you have to have money before you can borrow money---or at least collateral worth as much or more than the amount you borrow.

Is you truck not working at the moment? I was curious as to why you wouldn't drive your truck back and forth to work. I would suggest that you fix what's wrong with you truck, sell it, or use the truck as a trade-in for a car. That way, you may be able to pay off the truck and get the car under one loan. If your truck is completely paid off, then your debt-to-income ratio will be more in line.

Good luck.

Can I purchase 2 vehicles under one loan?

If you are that heavy in debt you had better re think your life. Think of all that interest you pay. Do you really need the truck. If not then get rid of it and then buy a cheap used car and pay off some of your debts. If the truck is for your business and needed then yes you can do this. if you are really over extended then you probably be refused. Tighten your belt as they say.

Can I purchase 2 vehicles under one loan?

maybe you should consider moving or car pool

Just Won a Free V3c Razr from a Pepsi cap... MY GF wants it.. do i give or sell it to her? (i'm

i'm 20 and in college, don't have money to be wastin and if i sell the thing it could help me with some of my debt (school costs 34,000 a year(all in loans no parents helping[not cuz they won't but cuz we are poor]) plus i have 500 on credit cards. But on the other hand, been with this girl for 5 yrs and she wants it and has another year to go before she can get a nice phone with a new plan.. plus I already have the V3c Razr for myself... what to do.. should i give.. or siell it5 to her.. and if sell.. how much for.. i would want to sel it cheap to her.. but not too cheap.. anyone know where i'm coming from.

Just Won a Free V3c Razr from a Pepsi cap... MY GF wants it.. do i give or sell it to her? (i'm hella poor)

Sell it on ebay and buy her flowers. You need the cash! I don't know about selling it to her.

Just Won a Free V3c Razr from a Pepsi cap... MY GF wants it.. do i give or sell it to her? (i'm hella poor)

give it to her! you won it for free, whats the big deal? you'll still have a lot of debts even if you sell it to her. Just let her have it, its not that big a deal. She's been with you for 5 years, and if your relationship is anything like...well everyone else's then she puts up with A LOT.

Just Won a Free V3c Razr from a Pepsi cap... MY GF wants it.. do i give or sell it to her? (i'm hella poor)

Just tell her you lost it and sell it to someone else.

Just Won a Free V3c Razr from a Pepsi cap... MY GF wants it.. do i give or sell it to her? (i'm hella poor)

Give it to her - - it was free to you and you already have one.

Just Won a Free V3c Razr from a Pepsi cap... MY GF wants it.. do i give or sell it to her? (i'm hella poor)

Yo man , respect...Well , if it were by me...i think u should sell the phone... and buy here something nice...i don't know..some gurl stuff...but...if u really need the money..just try to talk to her...:) Tell her that u really need the money..

Just Won a Free V3c Razr from a Pepsi cap... MY GF wants it.. do i give or sell it to her? (i'm hella poor)

This is why girls think that guys are inconsiderate!Let me ask you this, if the tables were turned would you accept the fact that your girlfriend would sell the phone intead of giving it to you?

For crying out loud if you didn't win it you'd still be in debt.Be selfless and thoughtful and give her the phone. And if she cares and is thoughtful about your financial status enough she'll probably give it back to you.

So give her the phone man!

Just Won a Free V3c Razr from a Pepsi cap... MY GF wants it.. do i give or sell it to her? (i'm hella poor)

Dont sell it on her... Give it to her! whats the big deal if you just got it for free? Just give......

Best/Cheapest way to get from Paris to London for a daytrip?

I'm going to Paris in November. And as a college student, I suppose you could say I'm a budget. [With the exception of actually TAKING out a loan just to go on my trip] Anyway, I'll be in Paris for 5 nights 6 days, but want to go to London for a day. My friends who have studied abroad tell me to wait and get a cheap flight from Paris to London, but I'm nervous that I'll get over there and there won't be anything. I'm just wonderfing what my best bet would be. Thanks!

-Jess

Best/Cheapest way to get from Paris to London for a daytrip?

The best and cheap way to get from Paris to London is train http://www.eurostar.com

Best/Cheapest way to get from Paris to London for a daytrip?

the train is cheap!

Best/Cheapest way to get from Paris to London for a daytrip?

Look on-line at various websites offering travel and check them out. If that is too confusing, check with a travel agent.

Best/Cheapest way to get from Paris to London for a daytrip?

U can get cheap flights at www.easyjet.com .Its cheaper if u book ahead.Prices are more expensive as u draw near to d date that u plan to go.So best advice is book way ahead.Also, if u wanna spend only 1day in London,perhaps best u take an earlier flight so that u'll have more time to explore.Don't forget Oxford street( to shop till u drop)..lol...also, the most airports provide trains / bus to the city so no worries there.Have fun !

Best/Cheapest way to get from Paris to London for a daytrip?

I also think that the train is cheaper and faster, it takes about 2 hours to get to London from Paris by train.

Is there a way to get an apartment in Boston without having to have my parents co-sign?

Hi everyone,

I'm a sophomore currently in my spring semester of college. Next year I'm hoping to live off campus with 3 other girls, and my budget is VERY cheap--can't pay more than $500/month (not including utilities).

My parents are currently paying loans for various expenses and CANNOT afford to finance any part of my rent, meaning they cannot co-sign anything.

Is there a way out of this? Please help, it is much appreciated.

Is there a way to get an apartment in Boston without having to have my parents co-sign?

If you and the other girls make enough income to satisfy the landlord, your parents shouldn't need to be involved. You need to be at least 18 to sign the lease.

Is there a way to get an apartment in Boston without having to have my parents co-sign?

don't go on the web to look for places. Visit the neighborhood grocery store or pharmacy etc that you want to live in and check out the bulletin boards or local classified ads in the city to see if you can get in touch of those owners that don't rely on a computer to market their rentals.

Is there a way to get an apartment in Boston without having to have my parents co-sign?

Just because your parents co-sign, doesn't mean that they will actually have to pay anything. If you and your roommates do your part, they won't have to pay anything. They are just using their credit history and income as a guarantee for the landlord in case you don't pay.

College students don't usually have much in the way of assets or income, so having parents co-sign may be necessary.

Is there a way to get an apartment in Boston without having to have my parents co-sign?

A appauld your parents for not co-signing -- You are pretty much on your own. Or you would like to be. They are a good example of what not to do and that is co-sign... If you are grown -- why are your parents paying your debts and loans. According to you your parents are juggling their income and budget to pay...

The way out is to get a full time job and pay your own way.

ADVICE: Never do business with friends or relatives..

If 3 girls get an apt guarentee one or 2 will not be able to pay the rent-- they had expenses and have no money..

Never CO-SIGN on nothing....

I know you do not like what I said but you can go to the bank with that Advice... Good Luck -- graduate as soon as possible..

How can I assume full financial responsibility for an auto loan I co-signed for without refinancing

I co-signed for a vehicle for my son but now he wants to reduce his monthly expenses. I want to take over the payments and get him off the loan so he can go buy a cheaper car and be able to qualify for the financing. Is it possible to somehow get him off the loan without having to go through the bank and refinance? We live in CA and it is financed through Wells Fargo.

How can I assume full financial responsibility for an auto loan I co-signed for without refinancing the loan?

Simple answer is NO you can not assume full responsibility without refinancing.

It sounds like you were going to keep the car anyways. So why not keep the loan co-signed, and have him keep the car. You pay the loan as you were going to by taking over the payments. Then have him pay you what he can afford. This way he still has a car, you don't have to pay for the entire loan and it helps his credit. Just a thought.

How can I assume full financial responsibility for an auto loan I co-signed for without refinancing the loan?

Now you are learning why it is never a good idea to co-sign for anyone -- especially a son or daughter! Don't repeat the same error on your son's %26quot;cheaper car.%26quot;

Call Wells Fargo and see if you can fully assume the car loan. It was probably your credit history that allowed the loan in the first place. You might even have to %26quot;buy%26quot; the car and take out a new loan, but the bank will be able to answer your question.

There were good reasons the bank did not consider your son a good credit risk and would only grant the loan with a co-signer. That should have been a %26quot;wake up%26quot; call for you, but you are now wiser and more experienced.

How can I assume full financial responsibility for an auto loan I co-signed for without refinancing the loan?

I dont have the best of credit, well in fact its kinda bad, but I was able to get car loan since I do have a job which is mainly what this place cared most about for me. They are one of these places that have multiple sources and they say like 99 percent approved. So I would give this site a try....

http://thnlnk.com/deal4-you/Auto.Loans/0...

Good luck.

How can I assume full financial responsibility for an auto loan I co-signed for without refinancing the loan?

No you can't remove him from the loan...you would have to refinance to have him taken off compleatly. The bank issued the loan with you both, so it is a legal contract. I suggest calling the bank and finding out what your options are...knowing the situation you may be able to convince them to finance the 2nd car taking into account he is not responsible for the 1st car...smaller banks usually will do this, I don't know how larger banks do with it.

How can I assume full financial responsibility for an car loan I co-signed for without refinancing t

I co-signed for a vehicle for my son but now he wants to reduce his monthly expenses. I want to take over the payments and get him off the loan so he can go buy a cheaper car and be able to qualify for the financing. Is it possible to somehow get him off the loan without having to go through the bank and refinance? We live in CA and it is financed through Wells Fargo.

How can I assume full financial responsibility for an car loan I co-signed for without refinancing the loan?

Simple answer is NO you can not assume full responsibility without refinancing.

Also, a good site is...

http://www.surveyland.org/jump.php?link=...

Take care.

How can I assume full financial responsibility for an car loan I co-signed for without refinancing the loan?

Nope. The only way to do it is to refinance or pay of the loan.

How can I assume full financial responsibility for an car loan I co-signed for without refinancing the loan?

No, you only have 4 choices:

1) Refinance the loan

2) He sells the car to someone

3) He sells the car to you (since you were never the owner, this is perfectly legal)

4) Get the car repoed and trash both your credit and his.

Can I make a suggestion:

Get a car so cheap he can pay cash for it.

How can I assume full financial responsibility for an car loan I co-signed for without refinancing the loan?

the only way to get him off is to refi the loan i live in cali and my husband and i are in the same situation where we're tryin to buy a house he has a car under his name and i have 1 under mine but he co-signed for a friend and his sister so technically when they see our debt to income ratio they see 4 cars the only way to do it is to refi we've already talked to i dont even know how many banks about it

How can I assume full financial responsibility for an car loan I co-signed for without refinancing the loan?

HELLO

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SHE CAN HELP AND TELL HER THAT,I TOLD YOU.

What is the most bennificial and cheapest way to take out about a six thousand dollar loan...?

for a college student in need of a used car? I am currently selling my honda so i will have a decent downpayment, around 1500-2000 dollars. Also, I have no credit at this moment. Where would I find the lowest interest rate?

What is the most bennificial and cheapest way to take out about a six thousand dollar loan...?

you need to belong to a bank or credit union to take out a loan

you also need to establish credit for a loan or have a co -signer

good luck

What is the most bennificial and cheapest way to take out about a six thousand dollar loan...?

With no credit it is going to be hard to get a bank loan or a loan from a dealership that doesn't have an outrageous interest rate, all by yourself that is. Do you have someone that can co-sign for you? If you do - you will have better luck usually with the car dealerships because you can haggle over the interest rate. Make sure your co-signer has GREAT credit. That will help out with your interest rate as well. Good luck and don't be pushed into some crazy interest rate of 15% just because you're young. Creditors see young people coming and immediately think you're stupid. So - watch your back.

What is the most bennificial and cheapest way to take out about a six thousand dollar loan...?

Going to your bank is the best way. They like to lend to their own people. If that doesn't work, you are welcome to come on my site and try one of my auto lenders. Roadloans is a great place for first time buyers. They will treat you right. They send you a blank check and you go to the dealership you want and buy a car.

Also, I used to sell cars, so before you head out to the dealership with cash down (which is a good thing), sign up for my free newsletter on how to negotiate. The last yahoo guy that did saved $2,500 on his car purchase.

With money down you should be able to get a car. Keep in mind a couple things though. If you want to finance a $6,000 car and it has 100,000 miles on it - the bank won't do it.

When you are a first time buyer they will limit you to a car that is under 5 years old and under 50,000 miles. This protect you (safe, reliable transportation) and it also protects them and ensures you'll pay off your loan and not default on the loan cause it broke down.

What is the most bennificial and cheapest way to take out about a six thousand dollar loan...?

THE ONLY WAY THIS THIS IS GOING TO HAPPEN IS IF YOU ARE ABLE TO FIND A CO-SIGNER.

Key to inspiration and motivation?

I was recently depressed and did not get out of the house much after I finished college because I could not find a job and had tooo many loans and debts to pay....but I turned it all around by taking a long and cheap vacation overseas and realizing that I was actually rich there....because of the currency exchange rates.....and I got so ***** motivated to work and be a good person so i can go back there every year to spend my money? Has anyone else been inspired or motivated by something in their lives which completely turned everything around for them?

Key to inspiration and motivation?

strong and loving desire to life

Key to inspiration and motivation?

be calm and composed.

don't let problems win over you.

Key to inspiration and motivation?

After many years of working for State of Illinois, I was pretty punked out. I took a two year class at an Arboretum to become a certified naturalist. I learned the habits and identifications of plants and animals. I learned land management and prairie restoration. I learned so much about the outdoor world that it changed my whole attitude on life. When I learned in my heart how much we have forgotten about the natural forces and how we are supposed to relate to EVERYTHING , I was deeply moved and felt a different view of myself in the universe. I have since bought a 10 acre piece of property in Northern Michigan and am restoring this property to its natural state. I know that I can't do this is in my lifetime but I can try. Every new plant, tree, mushroom, bug becomes a source of fascination for me. I have never felt so different and so rewarded by living. I grow heirloom plants from varities that are becoming extinct. I never would have imagined that the sight of a plant %26quot;making it%26quot; could be so moving. It sure beats working for the State.

Key to inspiration and motivation?

That's good. Many things around us are source of inspiration and motivation if we think upon.

Can I sell my house if I have an 80/20 loan?

I just got my first real job at a bank and I'm looking to move out of my parents' house (i'm 23), but I only have about $2000 saved for a down payment right now. I'm looking at cheap 2 bedroom houses that I can fix up while I live there- maybe get a roommate, not sure yet... but then sell the house in about 2-3 years for a profit (long-term live-in flip)... if I get an 80-20 loan to have a low down payment (i have a 720 score), will I still be able to sell the house after I fix it up in 2 or 3 years? Or will I be constrained by the 80-20 loan terms?

Can I sell my house if I have an 80/20 loan?

The only thing that would prevent you from selling, is if you couldn't get enough money for the home in 2-3 years to pay your realtor and selling costs, and couldn't make that amount up in cash.

You can buy and sell at any time, as long as you can afford to do so. If you buy the right home, fix it up properly, and make some money in a couple years, great. But there's always a risk that you won't make enough to offset those costs.

Plus, how do you plan to pay for the rehab? From your monthly cashflow? Can you do this as a rehab right when you buy it, and fix it up right away? It costs a bit more to finance it that way, but if you've only saved up $2K right now, how else can you afford to fix it?

Just a couple things to think about. Good luck.

Can I sell my house if I have an 80/20 loan?

It is irrelevant whether you have an 80/20 loan or a loan for 100% of the purchase price. The same variables (what your home would sell for, what the commission would be to any realtor who would help you sell it, title insurance, other closing costs, transfer taxes, etc) would be in play.

There are plenty of 100% programs still available - including solid ones through Fannie Mae and Freddie Mac - so pay no attention to the folks who will be along shortly telling you that %26quot;With the changes in the market it isn't possible to get a home without a down payment anymore.%26quot;

Because it absolutely IS still possible.

Can I sell my house if I have an 80/20 loan?

You work at a bank? Uhhh.....maybe start there, just a thought.

Secondly, on an 80/20 you'd be buyin' a house for about $10,000. The numbers are percents and the 20 is the down payment, the 80 is what you would be borrowing. That means you need 10 grand down to buy a 80 grand home. So, you probably aren't going to use a 80/20. Think 95/5, second mortgage, zero down, FHA, first time home buyer, etc.

Just do this:

a. tell loan guy/gal your plan (about selling in 2-3 years)

b. get pre-approved for loan

c. find SOLID home in great location that is SOLID-seriously...you are looking for light remodeling right? You don't want to change all wiring, pipes, walls, etc.

d. Get a good Realtor. Realtor's are FREE when you are buying, you only have to pay when selling.

e. sell in 2-3 years and make a profit which means you bought LOW, and the market has increased your home's value to HIGH by the time you sell AND/OR you have made solid improvements that will pay you more than you paid to put them in.

f. Mortgage does not matter unless you have prepayment penalties to deal with, hence telling the loan officer you whole plan. The buyer will get their own. Some loans are assumable: FHA, VA, etc. and are a bonus when selling since the new buyer can potentially save money stepping into your old loan. Again, ask the loan officer.

Can I sell my house if I have an 80/20 loan?

It doesn't matter what type of loan you have as long as when you sell the house the entire loans(s) are paid off.