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A Tale of Two Countries
theodp writes "Over at TechCrunch, Jon Bischke is troubled by the growing divide between Silicon Valley and unemployed America. While people who spend most of their days within a few blocks of tech start-up epicenters are enjoying a boom/bubble, the number of unemployed now eclipses 14 million nationwide, labor under-utilization is 16.2%, and the mean duration of unemployment has spiked to 40 weeks. 'Which bring us to an important question,' writes Bischke. 'Should Silicon Valley (and other tech clusters throughout the country) care? After all, as long as people in Nebraska or the Central Valley of California have enough money to buy virtual tractors to tend their crops in Farmville, should the tech community be worried about whether those same people are getting paid to do work in the real world? Is what's best for Silicon Valley also good for America?'"
you can make a change if you really want to.
i lost over $80,000 in value in 2 years on a chunk of my "American Dream".
this is exactly what i did and i just closed my short sell a few weeks ago. some how i actually got a check from someone for getting it sold. rofl. suckers.
1) stop paying your mortgage and put the money in a bank account (this is the beginning of your new savings account).
2) wait for your bank to ask you if you need help
3) activate the bank assistance programs if you quality
4) start the short sell process. your hardship is that you live in a place with no jobs and you need to relocate for work.
5) give the bank a ton of paper work that they ask you for
6) wait for someone to come along and pickup your hilarious underpriced/undervalued home.
7) get out of the house at the cost of a few hundred points to your credit score.
8) never use credit again.
note: you can stay in your home during this whole process with free rent.
i must emphasis #8. your new goal in life is to pay cash for everything you need including cars, the land, and the house you will die in (read, retirement).