Our Company is insulated from a negative RE economy and actually accelerates profit inversely as the market declines.

Unfortunately, current market conditions are the result of false stimulation of the economy through lowering rates.

We're about to do an inspection on a property we have a contract on that will be our first rental.We are getting it at $52k, property manager estimates $900-$1k/month rent + $100/month for the 2 car garage.

I look for great schools, low crime, 4 B 2 B+, 2 car garage, not the best house, not the worst on the street.

If it's just that their margin is that much better on selling electricity, maybe you can get them to buy you one of those Tesla cars instead!

I'll start with this:I don't see any reason to throw away 3 months of payments just to stay in a house that is underwater.I can think of several reasons:1) You thought the price was OK when you bought it.2) You need a place to live and its hard to find one you can have for free3) Prices may rise in the future4) Every car you ever bought with a loan was likely underwater for most of the time you owned it.5) You agreed to make the payments when you bought it6) No matter what choice you make other than paying your credit will be thoroughly wrecked.Now all that said I do understand that being stuck in a unaffordable housing situation may leave you little choice.

They will throw everything at the economy to prevent another Great Recession.

No car payment, no credit cards.

I was in PEI about 4 years ago, it was so strange to drive the causeway, was hoping to take the car ferry back but a family emergency sent me to Iowa and I had to leave in a hurry.

Continual learning is a must to be successful in today's economy IMO.