Sunday, November 30, 2008

Watch Your Wallet


The pictures do not relate to my post heading - just thought I would share them. When we arrived in Iceland all was black between here in Selfoss and Reykjavík as we later found out the moss that grows on the lava was dead from lack of water. After the snow and rain the moss began to grow and it was really beautiful in the sun (sorry forgot the camera the one day it was sunny). The other is another sunrise from our apartment which we enjoy when it isn´t completely clouded in. The sun rises about 10:30 AM now. As for watch your wallet it is just a warning to watch that our government in the US doesn't mess up the financial system like has happened here. All payments (like rent, loans, ect) are pegged to an index of some category. This means that our rent goes up based on a particular index or if you have a house or car loan your payments will increase based on an index. Our rent was established on the September index of 310 and by December it had increased to 322.3. What that meant to our rent was an increase from 85,000 ISK to 88,000 ISK. The landlord rounded down from 88,373 ISK. The January index has already been set at 327.9 so you can see there is no slowing of the increases. Last night I walked across the river to get a head of lettuce that cost $3.88. The walk over wasn't too bad as the wind was behind me but coming home in the -8 C temperature with a wind in my face that kept the flags flying straight out was a bit chilling - all to save on the gas to pay for the lettuce (it was from Spain but even the local lettuce was just as expensive and it is not the same). Just remember the mess this country is in is the result to lots of greed and terrible financial policies and practices. Let's keep an eye on our legislators and financial gurus.

1 comment:

Unknown said...

I think we are headed down a dangerous road with the Government trying to fix and bail out all the different industries. I think somethings need to die so other things can be born. Unions had their place, but the car industry is over due for a change. Sink or swim but no to government bailouts of any kind. Good Luck with money.