Post #409893 by Bohemiann on Thu, Sep 25, 2008 4:01 AM

Poli-luna-tics aside.... This is not the first time the Mortgage industry has done this but it is the worst. I have seen it at least 3 times in my liftime. my family is fourth generation in the industry and It's cyclical. Free market vs. Government regulation strikes at the very core of that which is taboo in my book to discuss here. The P word.

But speaking to the crunch. It's pretty bad here. I have seen way to many of my friends seriously affected. My previous employer foreclosed on his office building and went from 20 employees to 5 and several friends have lost homes. Our new business is getting a slow start but we are finding that everyone who is out of work and can not find a job is trying to start their own business and a website is a very important part of that so we are facilitating many start-ups and established companies are looking to freshen things up to attract wanning business.

The silver lining may be it is teaching a wasteful society how to be more conscious about conservation. People are turning off their lights, limiting and being smarter about their driving habits and the type of cars they purchase, and as much as it hurts it is a wake up call and warning sign about depending on foreign resources so heavily.

So, today I am keeping my SUV parked and taking my friends more energy efficient car down to the Mai-Kai and staying with friends rather than a hotel. That way I can afford the jet-pilots!