Electronics World articles Popular Electronics articles QST articles Radio & TV News articles Radio-Craft articles Radio-Electronics articles Short Wave Craft articles Wireless World articles Google Search of RF Cafe website Sitemap Electronics Equations Mathematics Equations Equations physics Manufacturers & distributors Engineer Jobs LinkedIn Crosswords Engineering Humor Kirt's Cogitations RF Engineering Quizzes Notable Quotes Calculators Education Engineering Magazine Articles Engineering software RF Cafe Archives RF Cascade Workbook 2018 RF Symbols for Visio - Word Advertising RF Cafe Forums Magazine Sponsor RF Cafe RF Electronics Symbols for Visio RF Electronics Symbols for Office Word RF Electronics Stencils for Visio Sponsor Links Saturday Evening Post NEETS EW Radar Handbook Microwave Museum About RF Cafe Aegis Power Systems Anritsu Alliance Test Equipment Amplifier Solutions Anatech Electronics Axiom Test Equipment Berkeley Nucleonics Bittele Centric RF Conduct RF Copper Mountain Technologies Empower RF everything RF Exodus Advanced Communications Innovative Power Products ISOTEC KR Filters Lotus Systems PCB Directory Rigol RF Superstore San Francisco Circuits Reactel RFCT TotalTemp Technologies Triad RF Systems Windfreak Technologies Withwave LadyBug Technologies Wireless Telecom Group Sponsorship Rates RF Cafe Software Resources Vintage Magazines Thank you for visiting RF Cafe!
Anatech Electronics - RF Cafe

Poll: Job relocation and the sub-prime debacle - RF Cafe Forums

RF Cafe Forums closed its virtual doors in 2010 mainly due to other social media platforms dominating public commenting venues. RF Cafe Forums began sometime around August of 2003 and was quite well-attended for many years. By 2010, Facebook and Twitter were overwhelmingly dominating online personal interaction, and RF Cafe Forums activity dropped off precipitously. Regardless, there are still lots of great posts in the archive that ware worth looking at. Below are the old forum threads, including responses to the original posts.

NOTICE: The original RF Cafe Forum is available again for reading, and the new RF Cafe Blog is an active board.

-- Amateur Radio

-- Anecdotes, Gripes, & Humor

-- Antennas

-- CAE, CAD, & Software

-- Circuits & Components

-- Employment & Interviews

-- Miscellany

-- Swap Shop

-- Systems

-- Test & Measurement

-- Webmaster

What's your situation?

No houses selling in my area - waiting for a recovery 25% [ 1 ]

Would sell at a loss 0% [ 0 ]

Would like to at least break even 75% [ 3 ]

I rent, so this poll does not apply to me 0% [ 0 ]

I don't live in the US, so this poll does not apply to me 0% [ 0 ]

Total votes : 4

Author Message

RFendor

Post subject: Job relocation and the sub-prime debaclePosted: Tue Mar 04, 2008 8:18 pm

Lieutenant

Joined: Tue Mar 04, 2008 7:43 pm

Posts: 2

You are a qualified, experienced US based RF engineer and stuck in a job where you're underutilized, tired of the location or just ready for a change. You would love to relocate to another area.

Unfortunately the sub-prime mortage/credit crisis has thrown a kink in the works...

Top

Kirt Blattenberger

Post subject: Posted: Sun Mar 09, 2008 12:23 am

Site Admin

Joined: Sun Aug 03, 2003 2:02 pm

Posts: 308

Location: Erie, PA

Greetings RFender:

We put our house on the market a little over a week ago, mainly to test the waters in the area since our asking price is a little on the high side. We instructed the real estate agent that we don't want people coming through that are not pre-qualified to pay the full price, in order to weed out riff-raff. This is a very low cost housing area, so at $142,900 for a 1,500 sq.ft. house with 2-car garage (1 yr old), we're about in the middle of the market.

What we have experienced is quite eye-opening. We got an offer the first day. The people were supposedly cleared by Bank of Amigo (er, Bank of America), but after a couple days, we learned they then had to finance not only 100% of the purchase price, but $2,500 in closing costs, and then the next day another $3,400 for some other thing that I'm not even sure what it was. We terminated the contract.

A couple other people offered, but when we discovered they planned to finance 100%, we refused. Honestly, I'm surprised we have been allowed to be so discriminating. This is a pathetic microcosm of exactly what is breaking the back of the financial industry right now, and here we have the same practices continuing - people being allowed to get loans that they cannot afford.

I understand people wanting to get buy a house rather than rent, but the banks are still practically begging people to take their money, even if they cannot afford it. When I bought my first house in 1983 for $55,000, I could only get it because of a VA loan, and then had to be able to put down 5% cash. The banks checked to make sure I didn't borrow the down payment from another source that would increase my total monthly obligation. I think at that time your mortgage + taxes + insurance could not exceed 29% of your income. Of course, that was back when the Fed wasn't as comfortable with just cranking up the printing presses. Remeber fractional banking when bank had to had $1 on deposit for every $9 it lent out? Ha! That went away with protecting our borders against illegal aliens.

So as usual, the government has created a HUGE mess, and now nobody has the political courage to fix it. We spiral into the abyss while presidential candidates promise to increase the size of the dole. Can you tell I'm utterly sickened by it all?

_________________

- Kirt Blattenberger

RF Cafe Progenitor & Webmaster

Top

RFendor

Post subject: RePosted: Mon Mar 10, 2008 10:08 pm

Lieutenant

Joined: Tue Mar 04, 2008 7:43 pm

Posts: 2

Believe me, you are not alone in your frustration.

Top

wb9jtk

Post subject: Posted: Thu Mar 13, 2008 9:22 am

Captain

Joined: Tue Dec 26, 2006 5:39 pm

Posts: 10

Another poll I cannot answer.

Why no poll answers such as "I am going to make a bundle" ?

Posted  11/12/2012

RF Electronics Shapes, Stencils for Office, Visio by RF Cafe

Lotus Communication Systems Modular RF Component Building Blocks - RF Cafe
withwave microwave devices - RF Cafe
KR Electronics (RF Filters) - RF Cafe

Please Support RF Cafe by purchasing my  ridiculously low−priced products, all of which I created.

These Are Available for Free

 

About RF Cafe

Kirt Blattenberger - RF Cafe Webmaster

Copyright: 1996 - 2024

Webmaster:

    Kirt Blattenberger,

    BSEE - KB3UON

RF Cafe began life in 1996 as "RF Tools" in an AOL screen name web space totaling 2 MB. Its primary purpose was to provide me with ready access to commonly needed formulas and reference material while performing my work as an RF system and circuit design engineer. The World Wide Web (Internet) was largely an unknown entity at the time and bandwidth was a scarce commodity. Dial-up modems blazed along at 14.4 kbps while tying up your telephone line, and a nice lady's voice announced "You've Got Mail" when a new message arrived...

All trademarks, copyrights, patents, and other rights of ownership to images and text used on the RF Cafe website are hereby acknowledged.

My Hobby Website:

AirplanesAndRockets.com