Re:Maybe Americans aren't dumb enough to keep buying houses?
by mentat on Saturday May 14, 2011 @02:26PM
(#2548220)
What happens when those companies downsize or outsource their jobs? They can't move and they don't want to learn new skills. If anyone thinks that because they've had the same job for 10 years they're going to have it for the next 10, I'd say they're crazy. (Having been through layoffs a couple times in the last decade.)
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Re:Maybe Americans aren't dumb enough to keep buying houses?
by pstack on Saturday May 14, 2011 @07:48PM
(#2548879)
True. That's a big risk and that's one major reason to hold off on buying a home. However, at some point, you have to either decide that you're going to live somewhere or you have to decide you're going to spend your entire life as a nomad. I've been with the same company my entire adult life and my feeling of uncertainty made me delay buying a home by almost fifteen years. I eventually decided I can't just keep living my life (relationships, purchases, etc) based on a fear that I may or may not be in one spot long term.