Economic Recession is a term that has created a stir in many parts of the world. And 'technically defined as a state of economic decline and a decline in GDP, trade and employment. Such a state could last for more than six months, even a year. When these terms are put in simple words, the results of economic recession are enough to give nightmares. This is especially true because the recession is associated with the job layoffs, the inflated prices of products and raw materials, the general lack of liquidity as well as many other disastrous results.
However, it is also important that, given the situation, people positive light on the state of affairs to think otherwise. Unfortunately, very little emphasis is placed on the positive side of the recession. This article highlights some of the benefits of economic decline.
(1) Labour dismissal is one of the most important results of the economic downturn. This is the perfect opportunity for people to think outside the box. Those who are fired from their current job should understand that there is an opportunity for self-employment. The economic situation and the need to make money for survival have led many an individual to become successful entrepreneurs.
As a new business can be launched during the recession, business scope and development can be extended only when the recession ends. Also, when you dive business competition, new entrepreneurs find more opportunities. Companies that
The fact that people get sick and need care will not be changed if there is a recession or not. Therefore, it can be argued that the healthcare industry is recession-proof. In addition to this, the population is currently aging, more obese and prone to poor nutrition, and require better health care. With this, it is expected that the demand for health services and health professionals in Landau Scrubs discount will increase exponentially over the next ten or twenty years. However, the problems may not be as easy and simple as people would like to think.
Economic status
Despite the economic situation of a person, a person always gets sick at some point and they need health care. However, the question is: with the recession upon us and with people tightening their belts and budgets, people can afford health care especially since it has become more and more expensive? In difficult times, it is likely that people put off health as much as possible and prioritize spending for their living expenses and pay their mortgages. Most likely, people do not seek the help of a doctor unless absolutely necessary. What this might involve is that, while the number of patients who seek treatment will decrease in number, those who are looking for cures will most often ill usually.´
I'm not trying to sell anything. And I'm not telling you how to live your life. You have to take the final decision for you. I can only tell my story that may or may not be used as a reference point for your circumstances, okay?
My story begins in late 2007, when it was almost the end of the real estate euphoria, when everyone could qualify for a loan until you had good credit, mine was above 680 at the time. I took a real estate seminar in October of the same year, on how to invest in foreclosures, in particular, real estate owned (REO) property that the secondary market, such as Fannie Mae and Freddie Mac were listing on their websites. I learned how to acquire this type of property with No Money Down. Now, when I use this phrase, do not let that scare you. This simply means using Other People's Money (OPM) to get what you want that was widespread at the time. At the seminar, they gave me a list of Hard Money Lenders to contact in order to finance my offers. The HML usually paid for the cost of repairing the house and then repay the loan after a year or whenever you can refinance, whichever comes first. However, my situation was not the case. My Money Lender hard already had a large inventory of properties that were sold to all those who qualified with good credit. I've been a real estate agent at the time, so I did a loan declared that doc. In essence, even if he was not selling homes as a real estate agent at the time, all I had to do was say I was making $ 35,000 a year I IMMEDIATELY qualified for a $ 87,000 mortgage at 9% interest only for a 4 bedroom 2 bathroom single family investment in Atlanta, Ga. Since this was my first investment property, I was anxious to close as soon as possible, because I thought I was collecting rent from tenants who were already dealing with. The inspectors asked to see things were reluctant because it was an investment property with tenants. The inspectors who were in were able to complete the work as tenants complained they were invading their privacy. I ended up in a house close to a title company in New York with $ 1500 using a rate of 0% introductory APR for a credit card. In January 2008, we are stuck with a $ 652nd monthly mortgage, property occupied without a lease, and a couple of squatters who refused to pay the rent! Fast forward two years-The tenants are evicted, I'm losing my shirt to pay contractors to do the cosmetic work for the next tenants who never came through a property manager incompetent, so I decided to short sell the house. One good thing I have to add, the insurance paid for the coverage. Now I'm the type of person who will negotiate for me. My 0% introductory rate on my credit card was running out, I could no longer support the mortgage, so I told my lender who can no longer afford to pay for a vacant property. So the lender has a loss of $ 79,000. I sold the house back to the same financial company I purchased for $ 8,000. Now that took courage! Luckily this was not a traditional lender, then the landing was rough.
