brooklyn1 wrote:
> "Bobo Bonobo®" wrote:
> "Ed Pawlowski" wrote:

>>
>> But tens of millions still have jobs and can take advantage of bargains.
>> It
>> is important that people who do have an income still spend some of that
>> money to keep the economy afloat. If you need one, build a house, buy a
>> car, replace that broken appliance. Keep America working.


When was the last time you saw an appliance that was made in USA?


> Unless you really are fearful of losing your own job, that is indeed
> the prosocial thing to do, but if you want to keep America working,
> you might be better off having that broken appliance repaired, rather
> than replaced.
>

I agree but most repair people would rather sell you on a new one with
the advisory: "It'll coast you more to repair than replace."

> I agree 110%. With the turmoil the economy is in prices for new commodities
> do not reflect true worth... in case anyone hasn't noticed prices are
> skyrocketing (there are no bargains), there is indeed a recession... folks
> going further into debt will create a depression. It's far smarter to
> repair your car and repair your house (at least that keeps the little people
> employed rather than the fat cats and politicos). The automobile industry
> and fuel source is much too volatile, with new regulations appearing hourly
> and new transportation technology being initiated by the minute, now is not
> the time to buy into new ideas. And right now is the very worst time in
> recorded history for first time homebuyers to make a purchase... the
> talk-is-cheap powers that be claim it's a buyer's market but that's the
> furthest from the truth,


The worst part is that we're still hearing "No or small down payment" or
"Use the Federal incentive money for a down payment" so they are still
appealing to the same people who can't afford the houses they are
buying. The repo cycle is re-starting already.

Didn't anyone learn?

gloria p