We have decided to sell our home with a large corner lot near the city center because after heloc'ing, we now have a burdensome debt. We do have a good 50k equity in the house though. I am paying a heloc taken out by my dad (dh has a green card and no credit history so it was the only way) at 7% for the balance of the house. The plan? Take our 50k, plus keep out 50k from the heloc we need to pay my father back for, move overseas and buy a small but nice house outright. Doing this would reduce our current payments from 1000.00 a month to about $250.00 a month. I feel that is a lot more doable in a situation where jobs might be hard to come by.
As for college for my kids, I am not planning for it. I am way turned off by the costs these days. Dh and I both have BAs and we can impart a lot of knowledge to our children and I envision having book clubs and stuff like that if my adopted community is game for it, not to mention a lot of hands-on learning experiences. I owe 14k in student loan debt for an Writing degree that hasn't helped me career-wise at all. I imagine the world in 20 years will be full of foreign graduates eager to work for far less than Americans and in all fields. I just don't know that a degree will have the same value it has now, and right now I feel it has lost so much value in the real world. Education in and of itself is great though. I just can't help but think that by then a lot of kids will be living at home permanently, which I don't think is a bad thing! Dh and I think we'll want our girls to stay with us as long as possible. They may not have a choice.
Am I the only one who feels that it might be best to advise our children not to get married and have kids? I know it sounds so gloomy, but I do believe we are in for major transformations that will make our kids' lives much harder than ours were economically speaking, and their best chance at a decent life may be to not have children. It pains me to feel this way but I already worry about the grandchildren I don't have! Dh lost a really crappy job and begged for it back out of desperation and they never called him back. I must have applied at 30 places and never got one call for an interview. Can things get better in an increasingly globalized world with drastic power shifts occurring? It is hard to imagine it.
As for college for my kids, I am not planning for it. I am way turned off by the costs these days. Dh and I both have BAs and we can impart a lot of knowledge to our children and I envision having book clubs and stuff like that if my adopted community is game for it, not to mention a lot of hands-on learning experiences. I owe 14k in student loan debt for an Writing degree that hasn't helped me career-wise at all. I imagine the world in 20 years will be full of foreign graduates eager to work for far less than Americans and in all fields. I just don't know that a degree will have the same value it has now, and right now I feel it has lost so much value in the real world. Education in and of itself is great though. I just can't help but think that by then a lot of kids will be living at home permanently, which I don't think is a bad thing! Dh and I think we'll want our girls to stay with us as long as possible. They may not have a choice.
Am I the only one who feels that it might be best to advise our children not to get married and have kids? I know it sounds so gloomy, but I do believe we are in for major transformations that will make our kids' lives much harder than ours were economically speaking, and their best chance at a decent life may be to not have children. It pains me to feel this way but I already worry about the grandchildren I don't have! Dh lost a really crappy job and begged for it back out of desperation and they never called him back. I must have applied at 30 places and never got one call for an interview. Can things get better in an increasingly globalized world with drastic power shifts occurring? It is hard to imagine it.









) almost didn't this year because of the gas they need to farm, the extra grants from the government went to the chemical company and not them this year. If they cant afford to farm think how most other farms that aren't paid for are doing.

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