Mortgages eating up incomes

Mortgages eating up incomes

There are 32 comments on the WZZM Grand Rapids story from Sep 12, 2007, titled Mortgages eating up incomes. In it, WZZM Grand Rapids reports that:

When Chris Gowman's employer was sold in 2001, he was offered a $4,000-a-month pension.

Join the discussion below, or Read more at WZZM Grand Rapids.

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JoAnne

United States

#21 Sep 12, 2007
Granholm insults us all with her rhetoric. The claim that "new jobs are being created" is a lie, because she doesn't clue you in on the fact that these "new jobs" will not support the families in Michigan-so half truth? or just another lie?
Granholm's inability to protect our states' cofers against welfare fraud and abuse alone is criminal. Education, the soapbox on which she has stood on many occaisions, is going straight downhill. My son, grad UofM Sch of Ed, full honors, highest distinction, 18 letters of reccomendation, 3 yrs exp Chld Devp Ctr/UofM, elementary teacher-NO JOBS AVAILABLE IN MICHIGAN!! He is teacing in AZ now. Our classrooms are overcrowded, yet she values education-I don't see it. Are homes are in foreclosure because of the lack of decent paying jobs. Our homes are not overpriced in Garden City, the problem is the poor economic climate allowed to fester under the govenorship of Jennifer Granolm.
Lucy

Grandville, MI

#22 Sep 12, 2007
Boy, what I wouldn't give to see her try!!!

Since: Jun 07

Location hidden

#23 Sep 12, 2007
Boo hoo...$4000 a month? wah wah... 2 homes? Boo hoo hoo..*sob*$48,000yr pension is not enough for doing nothing *sniff*....

The current generation of workers will never see a pension.

“Keeping my fingers crossed ...”

Since: Aug 07

Life's enduring gifts

#24 Sep 12, 2007
I really don't feel sorry for this man. I mean, who needs two homes anyway? A lot of people don't even have one home. For cryin' out loud, he should sell one of them and he'd find he wouldn't have nearly the "problem" that he has now.
as is see it

Riverside, CA

#25 Sep 12, 2007
Arctic49519 wrote:
Boo hoo...$4000 a month? wah wah... 2 homes? Boo hoo hoo..*sob*$48,000yr pension is not enough for doing nothing *sniff*....
The current generation of workers will never see a pension.
...that about sums it up...what else is left to say? can't believe this story made it past the editor....
gossamer

Roseville, MI

#26 Sep 13, 2007
Annieh49441 wrote:
I really don't feel sorry for this man. I mean, who needs two homes anyway? A lot of people don't even have one home. For cryin' out loud, he should sell one of them and he'd find he wouldn't have nearly the "problem" that he has now.
Sell one? Get your head out of the sand and look around. How many homes do you see out there for sell? How many are selling?

Now open your eyes. The only ones that are selling are the ones the STATE has managed to purchase for the blacks from Detroit. So they can move out of poverty in to the suburbs.

Check the states website.
Mel

Grosse Pointe, MI

#27 Sep 13, 2007
Write to your legistature and let your rep know of the struggle. Lansing has to cut spending now! These fools don't get. When is the last time you heard a news story about a state employee in any
capacity being asked to take a cut or being asked to take a hike (laid off). They just don't know how to QUIT SPENDING and this is why we dealing with the 3 billion dollar unjustified deficit.
Tight WadGR

Denver, CO

#28 Sep 13, 2007
The Legislators Need to be CUT themselves. Joint RESOLUTION H, was introduced in March of 2007, and buried immeadiatly, This would give us a partime Legislature,(90 Days a year), cut their Salaries,(only paid for days actually worked), strip them of the lifetime benefits (Health, Vision, Dental), and cut the expense accounts. You have'nt heard alot about this have you? Please contact Representative JACOB HOOGENDYK. He introduced this RESOLUTION, and let him know you support this! If the Legislators REFUSE to act on this, maybe we can get it on the Ballot.

“Keeping my fingers crossed ...”

Since: Aug 07

Life's enduring gifts

#29 Sep 13, 2007
Gossamer, you're right. He never should have bought the second one in the first place.
Ron

Grand Haven, MI

#30 Sep 26, 2007
miss carrie wrote:
hey ron, i like you and your thinking. would you tell me who your financial advisor is?
Hi Miss Carrie - Sorry it took so long to get back, I hadn't looked at this blog line in a while. During my career in the military I went to a course for personal fianacial counselling assistance. From that point forward, at each unit, I was designated as Command Fiancial Rep. Those who struggled or got themselves into finacial difficulty were directed to me for counselling and assistance. Not that I had an account to get them out of hot water, but to guide them to be responsible and assist them with making better finacial choices. Thanks to that education, reading books from people who have better lifestyles and the results I wanted and just good ole experience from what occures in our country (Enron, The Dotcom bust, and the losses with IRA that are occuring more and more accross the nation) I feel and agree with others (books) the say that you'll never be able to save your way to finacial freedom. Nor, will you be able to work as an employee or self employed business owner to achieve your success. Investing in yourself is the only means to achieve success and the wealth you desire, but learn how to develop a business system that leverages your time to develop your income. Read the book Cash flow quadrant by Robert Kiyosaki to understand what the magic is. As an employee or self employed business owner you are the magic. The book also helps you to understand the true definition of wealth. It is having both time and money to have a lifestyle of your dreams. I will try and check this blog stream more frequently, sorry again. Ron
Ron

Grand Haven, MI

#31 Sep 26, 2007
Just some history information. Back in the day, early 1900's peak of the industrial age, there was a great need for unions, they truely were needed because of the disparity and the welbeing of the laborors. But, going to far caused alot of the countries problems. Things happen, everyone one wants to live a good life style. But, when you are paying enormous amounts into saleries for unskilled traits, something had to give. It did, in the 70's our country had what is know as the India Accord. Communication lines conecting our country to others who had less expensive employees. Moving whole departments (customer service, Accounting, etc...) was the only way to free up money to support the demands of the unions. Our country also lost its drive to be self motivated and strike out on our own, and become entrapanuers. Its alot eazier to work for some one else than to develop your own business. Physical labor is alot less strenuous than thinking, remember school, and how tired it made you? Being a business owner, he continues on to constantly be thinking about and studying what needs to happen for his company or business to prosper and care for his employees, he is at great risk himself, let alone what could happen to those he employs, give them credit people. Business owner do care for you. When unions demanded more and more, its no wonder why we are in the predicament this state is in. Be patient, California went through the same struggles when the country went through the Dot.com bust in the late 90's and especially the y2k period. Businesses will recreat themselve and the employment rate will grow again. Noth is a quick fix and what Michigan is going through was enevitable (sorry my spelling lacks). Globalization is happening and not even our country can stop that. Im prove your skill sets and align yourself with the big and lasting trends are.
miss carrie

Lansing, MI

#32 Sep 27, 2007
ron for govenor, why stop there, ron for president!!! thanks for the reply and i will be reading that book!

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