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Archive for March, 2010

Still up in the air

March 8th, 2010 at 07:33 am

The company my hubby works for has officially lost their big job and because of that they laid off the afternoon guy and cut the part time guy down to 10 hrs. a week. Things are looking pretty grim. Some of you said to try and apply for other jobs but if his boss ever found out he was looking elsewhere then they would lay him off immediately because it would look like he wasn't a loyal employee. There really isn't anywhere else to apply anyways because all the places he knows of around here are also doing layoffs or have completely shut down. Friends and family of ours in the same field have been trying for a year+ to find a job with no luck.

We couldn't possibly sell our house either because we owe $180,000 and the houses in our neighborhood are selling right now for $110,000. The best we could hope for is a short sell. We also got the $7500 tax credit for first time homebuyers and I don't know how we would be able to pay that back also if we lost the house. I would hate to use our whole savings on the house and then lose it anyways and be too broke to start over. Nevada no longer has extensions on unemployment and so we would only get about 3 months of unemployment pay and I don't feel confident in hubby finding a job around here in that short a time.

I was talking to my mom and she feels like we should just move to Ca with her as soon as he gets laid off and try and keep what money we do have. Anyways were still a little stressed here but still hoping for the best.


not sure what to do...

March 4th, 2010 at 10:37 am

Things have dramatically slowed down at hubby's job. They say if they don't get busier than they are thinking to lay off everyone at the quarry except for the foreman. That is definitly not good news for us. I don't make nearly enough to support us as hubby made 3x as much as I do. The last two weeks he has only gotten 32 hrs., which isn't bad and I would be happy if they kept him on even if they reduced hours because it will be next to imppossible to find a new one. My father-in-law does the same exact thing as hubby and he got laid off a year ago and still hasn't found a new job. Also all of hubby's friends and old co-workers who do the same type of work have already been laid off with no luck of finding a new job. On top of all this, the news reportedd the other night that there will no longer be any extensions on unemployment in NV, and instead of 20 wks. of pay, you will now only get 13 wks. They have not told him definitly what will happen, but it sounds like their preparing him to be laid off. Were not sure what we should do. Should we stay here and try to save our home and use up our savings to get by, or should we say good-bye to the house and pack it all up and stay with my mom? At least that way we can keep our savings to help us get back on our feet when things start to get better. It's hard to think of saving this house when we owe twice as much as it's worth and even if we use all of our savings it's only temporary because as soon as that runs out, then we will still have to leave it. It's tough thinking that we've made it through so much of this recession to now have hubby lose his job! In the mean time I will pray for the best and hope it all works out for the best.