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 How much rent should they pay?
So me and a very good friend of mine moved in to an apartment togather and since the beginning it was established that he didnt really know if he would be staying or not so i made the contract under ...


 Should i buy homes and flip or stay and support wife.?
ok i am having this dilemma im 22 almost 23 and ive been married for almost 3 years, i have a house in yuma, az and my wife has a restaurant that has been running for about 3 or 4 months.

...


 If a month to month tenant is leaving mid month, does he have to pay for the full month?
...


 Can my landlord show my apartment every day from 11am-4pm?
I gave my 30-day notice and now my landlord wants to show my apartment every day from 11am-4pm. He gives me 24-hour notice for each showing, but there's a new notice every day for the next day! D...


 Roommate is trying to skip out on rent?
My roommate is trying to pull a fast one over on me. The condo is only in my name and he doesnt have a security deposit. I'm moving and he owe's me rent, utilities and half the steam ...


 If you were looking for a house to rent, where would you look into to find one?
I'm putting a house up for rent and I need ideas on where people look into, the newspaper didn't seem to work that good....


 How to get out of the lease? What can landlord do if I move out without paying the rent?
I had a lease to rent a house for 1.5 years till June 09. But I bought a house and need to move out. Three month ago, I asked the landlord through her agent if I can get out of the lease. She told me ...


 How can I get preapproved for a loan for my next home if my current home is not yet sold?
...


 My landlord has left me without heating for one month and I have too young children?
He has promised about four times to repair it but still remains ...


 Do all mortgage companies privde 80/20 mortgages and if they do what are the requirements?
How do I go about obtaiining one within the next 3 months. I beleive I have a great credit ...


 Has a crime been comitted?
My new neighbors paid $411,000 for their house according to zillow.com. The asking price was $850,000. (this is in San Francisco, this is a three bedrom 1700 sq ft home). What the heck happened? Was ...


 My ex-boyfriend wont pay the mortgage.?
My ex boyfriend and I bought a house together a few years ago. I left him 16 months ago because he was cheating on me. He cannot refinance the house on his own because he took out a 2nd mortgage ...


 I'm looking into purchasing a Condo. I will be a 1st time home buyer. Its there any tips/secrets I should...?
Look out for? What kind of questions should I ask about the condo, and what if any kinds of inspections should i request?...


 Does it make sense to buy a house full cash down?
I am a new immigrant to US and I have about $400k which I'd like to use to buy a small single family home. I have a stable job and no debts. Thinking why should I pay mortgage and run the risk ...


 Does this seem like a scam, would you try this out or does it look like trouble??
go to this link and tell me what you think?

http://atlanta.craigslis
We are wanting to move by dec. 1st and then i came across this ad. Tell me what you ...


 Buyers trying to put off closing HELP?
Hi my downstairs neighbors are under contract to buy my condo.
They first agreed back in May on a June 30th settlement date.
Before the June 30th settlement they & their lawyer went on ...


 What are ways to avoid PMI (mortgage insurance) if we can't put 20% down?
are there any ways or pretty much thats it? i heard the 80/20 loans are no longer available is that true?...


 I want to flip houses in Tampa/Clearwater/St. Petersburg area. People with EXPERIENCE ONLY please!?
I have $15000 ready to invest right now. My husband has excellent credit and we're thinking of getting a "hard money" loan. I have read many books about it front to cover and done some ...


 Why is it so hard to get a loan to purchase a mobile home with land?
they are just like regular homes. what the hell?!...


 I need a spring slogan for apartment marketing? any ideas?

Additional Details
thanks for your ...



What does this recession mean to us for our everyday lives?
I am curious, I have been watching the news about the econonmy and the "recession" we are in, and I have a question: What does this mean for our everyday lives? If I am understanding correctly, it has to do more with credit than anything else?!? I mean does it mean that from now on if we want to buy things we should either save and buy it outright(no credit) or what? What exactly does this mean? Is there anything we can do to be "okay" during these hard times??
                     
 




enoriverbend
Rating
First of all, remember that the media love to jack up the excitement level by exaggeration and hyperbole. Don't fall for it; learn to put these things in context.

Recession is typically defined as a decline in GDP for two consecutive quarters. In a typical recession, business activity goes down, consumers stop spending as much, and unemployment goes up. Of the last 4 recessions, 3 lasted six to eight months; the other one lasted 16 months.

The stock market and the real estate market often decline *before* a recession and the stock market often perks up during the middle of a recession, because the market anticipates the future recovery.

The most obvious areas of concern for the average person are: is your job secure? If you have a business, worry about a decline in business. If you have stocks, either be a long-term buy&hold investor and keep them, or if not, then at least don't sell them at the worst possible time, which would be at the start to middle of the recession.

On the plus side, bargains can be found during a recession. It may be a good time to shop for a vacation home, a car, and to shop for stocks in the stock market, *if* your finances are secure.

Some of the other answers mention inflation. In a typical recession, inflation is kept under control because of the lack of demand; many past recessions have been deflationary or at least kept inflation to a minimum. But the 'stagflation' of the 70's was a notable and important exception.


SD
Rating
Try researching it on Wikipedia. But it means that the economy is weak and prices inflate while pay goes down, therefore people spend less, prices rise more, people lose jobs, and it keeps on going until the economy begins to recover. It is one fourth of the economy cycle (the entire cycle takes around 8 years). If it gets too bad it is called a depression (such as the Great Depression). Don't worry, but be prepared.


grgrynoel
Rating
we must spend less on everyday things or investing wisely


Thin King
Rating
it means tha dollar has been controlled so long oil is it's only counter measure


chocolatehangstud
It can mean MANY things. Just prepare yourself. Who knows how long or bad it will be.


ponteeee
Rating
Inflation, inflation, inflation. Prices for goods becoming ridiculously high from groceries to gas. Salaries staying the same or even worse losing your job...


Tsunami
People will be hoarding what money they have it will be hard to buy gas and stuff you need. it will be very expensive and it could be things may not be on the shelves i meant eh Great depression of 30's i understand was horrible they even had ration cards and stuff for paper towles and toilet paper take care. but i dont' think it willb e that way for us who knows that is why the govt is working so hard to help us.


Moxie Crimefighter
It means paying $5 for a bag of chips...


dennisgonzalezdgm
Well in a global perspectivo on your question, this means that since the dollar and the US credit are at a historical low it means that foreigners can buy alot with the same money. This has a direct effect on the US since to break even the US has to up prices on many things (mortgage, credit, water, electricty. food, ect...) but it comes with a huge cost. The mortgage crisis is the first in a likely chain of events by this recesion.


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