You would have had to have been entombed in the great pyramid for the last 8 months if you hadn’t been conscious of the financial crisis which has hit some of the biggest companies in the world. Everything looks pretty shaky right now unless you are one of the cute speculators who know how to make money in a falling market. But that’s another story!
For the average Joe on the ground it means feeling the pinch squeezing ever harder. We are seeing increasing numbers of repo’s in the UK market (foreclosures if you’re in the US) as people simply fall over the edge of the credit canyon!
… and it’s a deep canyon. Forecasts are that more and more people will succumb to this credit crunch over the next twelve to eighteen months. In times like these it’s hardly surprising to see products such as sell and rent which are designed to help you stop repossession of your dwelling.
The intention is, you sell your house to pay off your home loan and then you rent it back from the company who purchased it from you. The big pluses are firstly you will often get a very fast house sale and secondly you don’t need to move out of your house and deal with all the stress which that inevitably brings.
No doubt you would have arrived at a fairly desperate time in your stay on Earth to consider going down his route but at least it is a way of cutting down some of the pain you’re feeling.
Something else which tends to happen in tough times like those we are seeing is that people look for other ways to create money on the Internet. You can easily find real online data entry jobs which could help you to ride the choppy waters.