Double Dip the Crib

Do not double dip, young man! Mother always said...

"If you double dip, you may end up dead!".

5 years ago, what sort of chance would you have given this nursery rhyme of becoming a reality ?

In a perverse comedic orgy the likes of which I do not recall...there still seem to be people who need to hear this sort of thing again and again. The Ostrich Syndrome is strong in some, young padawans. Beware the Dark Side.

I know that the following story will hit close to home for some of you. For those who cannot relate, consider the implications of the things you do today and everyday, all the while thinking tomorrow is promised...

Several years ago, my folks bought a home. It was a good deal (at the time), but required much work. My dad being the handy guy that he was, thought it to be a steal for the price. He would simply hammer and nail away at it for a few years and the dream home would flourish.

Little did the old man figure that one day on a routine check up, doctors would find polka dots on his chest x-ray. The cancer was so advanced, they didn't give him a month. In a montage of classic Hollywood proportions, I watched a man who'd kicked my ass in push-up contests for years, melt into nothing.

Like many who didn't plan to simply drop dead. He left nothing but bills. For the past few years I have been paying the mortgage and all of the many repairs that go with it. I won't begin to tell you how hard it has been as I live in a different city and help more than a few family members out financially.

I have been lucky enough to manage, but it hasn't been easy. My story is unique perhaps only in that I choose to accept responsibility, rather than find villains and excuses.

I am sharing this "none of your damn business-ness" with you guys for one simple reason. There is always a price. For every dollar you make, for every breath you take. Nothing will ever be for free, so measure thrice and shear but only once.

The housing market's fall is not only a manifestation of simple econ in action, but a lesson in life...from the literal, to the physical, to the spiritual.

As someone who has been personally and deeply effected by the housing crisis, I know far better than to blame Wall Street or even the leeches in Washington.

We are all responsible for cleaning up our own mess.

America. You are reaping what you sowed and it is a blessing in disguise...if you face this moment bravely it will make you stronger than you could have imagined yourself, but if you cave as you have been caving...if you blame as you have been blaming...if you excuse, shun, ignore and disregard what is happening right before your eyes...you will find yourself eaten by your own true lies.

As a country we have been a long blessed child of privilege. The fallout of the fallen housing market will determine which of us are ready to grow up, taking our first steps into a larger world...and which are the vermin who have simpy sucked the silver out of their birth spoons.

 

I have been in a similar situation, albeit in another country , but i still understand where you are coming from. Look at the brighter side though, you are already much stronger than your peers.

Maybe I do not have quotes under my name on google, but I KEEP IT REAL
 

Sorry to hear of your loss. I guess I'm lucky that both my folks are still live and kicking

I think the problem with unemployment and working class and being swamped in debt is that not everyone is necessarily "punished" in accordance to their excesses. You could have been responsible financially but still lose your job because your employer went belly up. Of course, if you're reckless, you'll be more vulnerable when the tide turns. But I also think its also a lesson that financial smooth sailing is never guaranteed.

I would also say that although I don't like to find villains either, I did see some douchebag actions from senior execs. I'm glad I learned this, so I know what not to do if I ever get to that level.

R.I.P. Magoo Sr

 
Best Response

the worst times are what make and break people and its up to the people to own up to things and become stronger and grow from it or stumble and fall. americans overall were far too spendy and living far out of their means--especially in large cities such as NYC (look at most of the girls in this place-- sex and the city syndrome hardcore) and its definitely going to come around and bite them in the ass. being someone who has come up from living in the projects and being on my own since i was 17 i still harbor every penny i have despite making very good money as you never know what tomorrow will bring, for better or worse.

i dont think the US is going to collapse but i definitely feel international is the scene to be in-- growth isnt going to come from the US as much as it is going to come from the rest of the world and this is also going to weigh on the economy itself. and housing is still going too continue to melt-- administration should let it crash rather than the slow bleeding death that is occuring with trying to triage the market and just adding to more costs

 

Yesterday is the history, today is the present, and tomorrow is promised to NO ONE.

Monkeys enjoy life while you can. While you are modeling away, someone is probably having dinner with love ones creating memories that they can recount 50 years down the line.

Wall street can suck its own blood dry! Funny what men will do for paper with dead people face on it!

 

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