Comments on: Lessons learned from the housing crisis http://www.livsimpl.com/2008/06/12/lessons-learned-from-the-housing-crisis/ Fri, 26 Feb 2010 15:09:56 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Mama C http://www.livsimpl.com/2008/06/12/lessons-learned-from-the-housing-crisis/comment-page-1/#comment-654 Mama C Tue, 24 Jun 2008 18:27:39 +0000 http://www.livsimpl.com/?p=373#comment-654 I really appreciate this post. Though we bought our small house for dirt cheap 10 years ago, we now have 3 kids and 1 income. We are learning that we should be extremely thankful for what we have, and that we can live simply. We also drive the neighborhood junkyard cars, but at least we own them. I try to remember that when I get a little envious of my friends/neighbor's cars. I love the brown rice suggestion, I'm going to go out and get some. If only I could get my kids to eat beans.... I really appreciate this post. Though we bought our small house for dirt cheap 10 years ago, we now have 3 kids and 1 income. We are learning that we should be extremely thankful for what we have, and that we can live simply.

We also drive the neighborhood junkyard cars, but at least we own them. I try to remember that when I get a little envious of my friends/neighbor’s cars.

I love the brown rice suggestion, I’m going to go out and get some. If only I could get my kids to eat beans….

]]> By: Mark - Productivity501 http://www.livsimpl.com/2008/06/12/lessons-learned-from-the-housing-crisis/comment-page-1/#comment-652 Mark - Productivity501 Tue, 24 Jun 2008 03:40:31 +0000 http://www.livsimpl.com/?p=373#comment-652 When house prices kept going up, very few people had seen anyone get into trouble by buying the most expensive house possible. That is changing now. If it injects a bit more realism into the way people approach credit it will be a good thing. When house prices kept going up, very few people had seen anyone get into trouble by buying the most expensive house possible. That is changing now. If it injects a bit more realism into the way people approach credit it will be a good thing.

]]> By: Marc and Angel Hack Life http://www.livsimpl.com/2008/06/12/lessons-learned-from-the-housing-crisis/comment-page-1/#comment-644 Marc and Angel Hack Life Fri, 20 Jun 2008 03:56:49 +0000 http://www.livsimpl.com/?p=373#comment-644 It really is amazing to think about how many people made the same darn mistake of overspending on their first home. A worldwide lesson has surely been given, only time will tell if people have learned from it. Great article! ;-) It really is amazing to think about how many people made the same darn mistake of overspending on their first home. A worldwide lesson has surely been given, only time will tell if people have learned from it.

Great article! ;-)

]]> By: Laurie http://www.livsimpl.com/2008/06/12/lessons-learned-from-the-housing-crisis/comment-page-1/#comment-638 Laurie Sun, 15 Jun 2008 04:29:58 +0000 http://www.livsimpl.com/?p=373#comment-638 No, I am actually from Collin County, a suburb north of Dallas. We are also the faster growing community in the nation. No, I am actually from Collin County, a suburb north of Dallas. We are also the faster growing community in the nation.

]]> By: LivSimpl http://www.livsimpl.com/2008/06/12/lessons-learned-from-the-housing-crisis/comment-page-1/#comment-635 LivSimpl Fri, 13 Jun 2008 19:37:33 +0000 http://www.livsimpl.com/?p=373#comment-635 Thanks to everyone for your comments. Peter - we're in the same boat. Hooray for apartment dwellers. :) Margi - congrats on getting the credit cards paid off. That's a big accomplishment! Christa - wow... keeping the same lifestyle for three months with no job is quite the testament to simple living. Pamela - Thank you so much for sharing your story (I'm sure it's not an easy thing to do). I'm sorry about your home and your husband's job. Also, I admire you for standing up and doing something about your situation. It speaks to your character! I wish you the very best and hope your husband is able to find work quickly. Thank you for writing. Thanks to everyone for your comments.

Peter – we’re in the same boat. Hooray for apartment dwellers. :)

Margi – congrats on getting the credit cards paid off. That’s a big accomplishment!

Christa – wow… keeping the same lifestyle for three months with no job is quite the testament to simple living.

Pamela – Thank you so much for sharing your story (I’m sure it’s not an easy thing to do). I’m sorry about your home and your husband’s job. Also, I admire you for standing up and doing something about your situation. It speaks to your character!

I wish you the very best and hope your husband is able to find work quickly. Thank you for writing.

]]> By: pamela http://www.livsimpl.com/2008/06/12/lessons-learned-from-the-housing-crisis/comment-page-1/#comment-634 pamela Fri, 13 Jun 2008 19:13:23 +0000 http://www.livsimpl.com/?p=373#comment-634 I can only guess that Laurie lives where I do. Orange County CA. If not then we would have to fight for the title of, "The most expensive suburban county". Unfortunately, we are one of the casualties of th mortgage crisis. We not only lost our home but my husband lost his job in the mortgage division of a Wall Street bank. We have learned the hard way that spending it as fast as you make it does not work. We take the blame and do not blame our parents or society. We got ourselves into this and we are getting out. Needless to say our children are learning a much bigger lesson. We have three teenagers who now have no cell phone and no internet. I am on my laptop at the local Starbucks for my two free hours of Wi-Fi. I just hope the next generation will not spend as carelessly as we have. I am teaching my children how to budget, and they are realizing that they don't NEED all the stuff to be happy. Their friends still accept them, and we are still here for them. Those are the important things in life. I can only guess that Laurie lives where I do. Orange County CA.
If not then we would have to fight for the title of, “The most expensive suburban county”. Unfortunately, we are one of the casualties of th mortgage crisis. We not only lost our home but my husband lost his job in the mortgage division of a Wall Street bank. We have learned the hard way that spending it as fast as you make it does not work. We take the blame and do not blame our parents or society. We got ourselves into this and we are getting out. Needless to say our children are learning a much bigger lesson. We have three teenagers who now have no cell phone and no internet. I am on my laptop at the local Starbucks for my two free hours of Wi-Fi.

I just hope the next generation will not spend as carelessly as we have. I am teaching my children how to budget, and they are realizing that they don’t NEED all the stuff to be happy. Their friends still accept them, and we are still here for them. Those are the important things in life.

]]> By: Christa http://www.livsimpl.com/2008/06/12/lessons-learned-from-the-housing-crisis/comment-page-1/#comment-633 Christa Fri, 13 Jun 2008 19:00:39 +0000 http://www.livsimpl.com/?p=373#comment-633 My mother works in the mortgage industry and was seeing the types of loans that were getting approved and just shook her head with disbelief. She continued to live her modest lifestyle and follow her Dave Ramsey like principals, then when everything hit the fan, she was laid off and was able to coast along and not change her lifestyle in the least until she found another job 3 months later, thanks to her emergency funds. I learned a huge lesson from her! My mother works in the mortgage industry and was seeing the types of loans that were getting approved and just shook her head with disbelief. She continued to live her modest lifestyle and follow her Dave Ramsey like principals, then when everything hit the fan, she was laid off and was able to coast along and not change her lifestyle in the least until she found another job 3 months later, thanks to her emergency funds. I learned a huge lesson from her!

]]> By: Laurie http://www.livsimpl.com/2008/06/12/lessons-learned-from-the-housing-crisis/comment-page-1/#comment-632 Laurie Fri, 13 Jun 2008 15:08:50 +0000 http://www.livsimpl.com/?p=373#comment-632 My house has always been one of the smaller ones in the area. It never bothered me because I didn't associate the size of my house with my value. My hub has a more difficult time with that idea. I live in the #1 most in debt county in the USA. There are more huge homes here and more indebt folks here than anywhere else. I don't know how that many people can get into those houses. I wouldn't want to have to pay the utilities on those monsters. People around here spend money like it was nothing. It you go to the local high schools, the parking lot is filled with high end cars. We all drove the family junkard in high school, not Porsches! But there are a lot of foreclosures available here as well. When you need to keep up with the Jones' you might be following them into bankruptcy! My house has always been one of the smaller ones in the area. It never bothered me because I didn’t associate the size of my house with my value. My hub has a more difficult time with that idea.

I live in the #1 most in debt county in the USA. There are more huge homes here and more indebt folks here than anywhere else. I don’t know how that many people can get into those houses. I wouldn’t want to have to pay the utilities on those monsters. People around here spend money like it was nothing. It you go to the local high schools, the parking lot is filled with high end cars. We all drove the family junkard in high school, not Porsches! But there are a lot of foreclosures available here as well. When you need to keep up with the Jones’ you might be following them into bankruptcy!

]]> By: Margi http://www.livsimpl.com/2008/06/12/lessons-learned-from-the-housing-crisis/comment-page-1/#comment-631 Margi Fri, 13 Jun 2008 14:29:53 +0000 http://www.livsimpl.com/?p=373#comment-631 Thanks for this. We just paid off our credit cards, allowed ourselves one splurge, and now it's back to living frugally to put money into savings. We're finding that delicate balance between living in the now and saving for the future. Thanks for this. We just paid off our credit cards, allowed ourselves one splurge, and now it’s back to living frugally to put money into savings. We’re finding that delicate balance between living in the now and saving for the future.

]]> By: Peter http://www.livsimpl.com/2008/06/12/lessons-learned-from-the-housing-crisis/comment-page-1/#comment-630 Peter Fri, 13 Jun 2008 14:28:31 +0000 http://www.livsimpl.com/?p=373#comment-630 For a lot of people in my stage of life, this means delaying buying a home and continuing to rent. So we just signed another year on the lease of our tiny apartment. Hopefully by next year I'll make enough to move to a larger apartment, and then eventually a house. For a lot of people in my stage of life, this means delaying buying a home and continuing to rent. So we just signed another year on the lease of our tiny apartment. Hopefully by next year I’ll make enough to move to a larger apartment, and then eventually a house.

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