I liked President Obama's speech, but I don't think that any of his proposals are going to affect me in particular.
I just can't catch a break. I was an electrical engineer in the defense industry, and I got my 25-year plaque and my pink slip on the same day.
That was two years ago, and I have since decided to re-invent myself as a general contractor. Renovating houses isn't a new thing for me. During the run-up in the real estate market, my wife and I had been flipping houses, so I had some pretty good experience under my belt.
I also had four years experience as a journeymen and several old technical degrees.
But it's taking me a while to hit my stride. I'm now a licensed general contractor with no work.
At the end of 2012, I decided to buy a house and flip it. I cashed out my entire retirement savings to make it happen. (Paid heaps of taxes on that one!) It was a really bad idea. I ended up losing $25,000.
I feel like I've worked hard and gotten screwed. But I'm not angry at Obama. In the '70s, peace was my thing, and it still is.
I feel optimistic. Last week I got a call from my old company. Maybe they will rehire me. Whether or not it actually happens, it felt pretty damn good just to be called.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.37%||4.31%|
|15 yr fixed||3.40%||3.32%|
|30 yr refi||4.38%||4.31%|
|15 yr refi||3.39%||3.32%|
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