Should You Take One For The Team?

spending money

“Falling housing market.” “Possible recession.” “Troubled economy.” These phrases have been buzzing around lately in the media. Real estate prices were going up and many people decided to buy more house than they could afford with unconventional mortgage terms. Now the house prices are falling in many areas and people can’t keep up with their rising mortgage payments and plunging equity. Many fear a recession. People aren’t spending as much money because they are trying to pay their mortgage. Time for the government to step in, right?

The government has been urging people to go out and spend money to get the economy going. They are se

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5 Responses to Should You Take One For The Team?

  1. baselle says:

    In a word: no.

  2. baselle says:

    It was the answer for your title. :)

  3. savysaver says:

    I agree about saving it. I’m a little tired of seeing my savings rates drop because the government wants to bail out people who were not careful with their money in the first place. I almost feel like I’m being punished for their foolishness in handling their money. Does anyone know if these tax rebates are free money or do we end up with an advance on our 2008 taxes?

  4. Andrew says:

    Yeah, I agree about people looking after themselves economically. I know a lot of people who are constantly in debt, they really don’t quite grasp that they are losing out around 1/5th on their money (at least) It’s a huge con trick. Credit sucks… buy now, pay forever… yeah great, let’s all keep ourselves poor!!

  5. Pingback: 17 Economists on recessions, stimulation plans, and what they might mean to you | On Financial Success

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