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The inconvenient truth in financial markets today is that the US is already in recession. The turmoil in the credit and housing markets is prominent. Compounding this is the fact that borrowers are the furthest behind on their debt payments in 15 years. Asset prices soar, borrowing increases and the capital inflow grows. Finally, the bubble bursts, capital floods out and the banking system, burdened with mountains of bad debts, implodes.

The total number of job losses in the first 3 months of this year is 232,000 while unemployment rose to 5.1%. Job cuts were concentrated in the manufacturing, employment services and the construction industry but the damage is becoming more wide spread. US commercial banks alone are forecast to cut about 200,000 jobs over the next 12-18 months. US unemployment rate could potentially balloon to 8% in 2009.

Today’s credit crisis is far more than a symptom of a defective US financial system. It is a symptom of unbalanced global economy. This means that as more Americans become jobless, there will be stiffer competition for freelancer jobs with many trying to earn something from the internet for very low bids.

Buying a good home with peaceful neighborhood has never been easy. You have to scout around for the best house that suits your budget. And you never know about your neighbors until you stay there for at least a month. If you get a neighbor from hell, then God help you. It is like staying next to a lion’s den. When you first choose a home, it is never easy and you can never tell what kind of neighbors you are going to have. That’s because the dog has been taken away or put in the house and everything is very peaceful and quiet. But the moment you shift in, then you realized that the peaceful environment is just a show so that buyers will be attracted to the peaceful surroundings.

If you stay in Oregon, do check out Oregon home mortgage to get the best advise and help to get a suitable home. Oregon mortgage refinance from OregonsBestMortgage dot com specializes in home loan specifically in Oregon. This site offers interesting information like free custom home loan quote, mortgage calculation for payment monthly and other articles related to mortgage especially in Oregon. Who knows, you may find your dream home with peace loving neighbors.