The silver lining
- The Silver Lining
Choose carefully, if you are taking advantage of the silver lining of the bad economy, whether refinancing or buying a home, or even when using Payday Loans.
When times were plentiful, we built.
The businesses and edifices that we built in the times of plenty were wonderful and we had great fun making them. We built them to last a thousand years. We trained engineers and architects to design buildings and gigantic towers that would stand forever. Higher, make mine higher, cried the clients. Bridges – we made them so long you couldn’t see the other end. With clients who have unlimited budgets one can do just about anything in the construction world. And we did.
Solid structures are starting to crumble.
Look what’s happening now. Change has arrived. Perhaps only a few of us really understood the potential effects of an economic crash. There seems to be nothing that is not affected. Okay, all the restaurants in the Yuppie hi-tech industrial parks are closing down. The designer coffee shops are close behind them. Offices are closing and now one can see entire buildings that are vacant with sad ‘To Lease’ signs swinging off the parapets.
The American dream in high reverse
The half complete buildings are perhaps the worst of all sights. Gray, unfriendly concrete with steel rods poking out where the workers got orders, downed tools and walked off the job without covering up or protecting unfinished work for some future date when someone decides that times are good enough to complete the building.
How sad it is to see what has happened to our proud construction industry. The professionals are standing in lines waiting for Payday Loans and the workmen are lining up at the unemployment office hoping to find work.
A silver lining shines on the housing sites
Work has slowed to a crawl on the housing sites. Actually this is a good time to buy a home and one can probably negotiate a great price with a desperate contractor. Just make sure you get a house in working order with all the licensing complete and all the utilities connected up. Take your time when choosing a house. Walk around it, sniff it and feel it. Then try another and another until you find one that sings under your touch. That’s the one to fight for.
A silver lining for refinancing
The same goes for mortgages. This is the time to negotiate a great refinance on your existing home. Do not, repeat, do not, take the first mortgage you are offered. There are hundreds of banks out there all panting to lend you their money. Do your homework. Work the phones, and search on the internet for the very best mortgage you can find. And you will find one, the competition is fierce.
A payday loan-made easy
When looking for a payday loan, let Personal Money Store do the work for you. They will look around and find you the best deal with the best lender. And it’s all online.
How long is recovery time?
Tough question. No one knows because no one has been in these woods before. It may be a painfully long and a slow recovery. Perhaps a slow recovery will allow the bones to grow together stronger than if we strap ‘em up and run straight back into the game.
My strategy
I’m sitting tight. I’m hanging onto my job although the salary is down and the perks are out of the window. But it’s a job and it provides two things:
- A measure of security and;
- The opportunity of taking a Payday Loan when things are really tough.
There are opportunities in any situation, no matter how bad. Right now is a good time to renegotiate, or just to negotiate on a home loan, period – especially with banks that got TARP funds. IF you can talk down the rate and the purchase price, you could get a good home for a great price. Even though the market is going to continue to slump for a little while, it’s going to shoot right backup in a couple years, and those who were lucky enough to buy low will be able to sell higher down the road.
good advise