Bidding Delay Again...
03-16-2020 | 02:57 PM
#7
Line Holder
Joined: Oct 2005
Posts: 730
Likes: 59
From: Office Chair
How many takers do we think they'll get for a VLOA? People are running around hoarding T.P., yet the average household savings in the U.S. is just over $10k. The economy, and especially this industry, won't survive until July or August. First the jobs will go, next will come the repos and foreclosures, housing market crashes, student loan defaults, banks fail, yada yada yada. Seems like a terrible time to forego income, winter is coming.
03-16-2020 | 03:13 PM
#8
Gets Weekends Off
Joined: Aug 2008
Posts: 770
Likes: 0
If you’re less than a year on property it may be a solution to avoid a furlough but maintain health insurance for your family. The only downside is whether you would be eligible for unemployment by taking a LOA. A lot would depend on what backstops the government puts in place to assist those displaced. There are a lot of variables, and none it will be easy.
03-16-2020 | 03:47 PM
#9
Line Holder
Joined: Jan 2018
Posts: 1,839
Likes: 3
How many takers do we think they'll get for a VLOA? People are running around hoarding T.P., yet the average household savings in the U.S. is just over $10k. The economy, and especially this industry, won't survive until July or August. First the jobs will go, next will come the repos and foreclosures, housing market crashes, student loan defaults, banks fail, yada yada yada. Seems like a terrible time to forego income, winter is coming.
Take a breath. It’s going to be ugly, but not Armageddon.
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