Despite the high operating costs associated with high tech cell phones…which often contain web and text messaging capabilities, people apparently have placed a greater priority on communication than they have on keeping a roof over their heads.
With house foreclosures soaring, the smart homeowner might want to consider redirecting the $150-$300 per month they spend on cell phone bills towards keeping a roof over their heads.
Consider this:
In a typical family of 4 consisting of a Mom, Dad, and two teenagers aged 13 & 15…the monthly cell phone bill could easily be in the $240-$300 range. ( Mom: $60, Dad: $80, Thirteen Year Old: $50, Fifteen Year Old: $50…Plus another $50 in taxes)
That extra $290 could go a long way towards avoiding losing your house to the bank. But not so fast…
According to Verizon CEO Ivan Seidenberg, Verizon’s wireless and wireline business haven’t seen any significant impact from the weakening economy.
The sales volume hasn’t shifted, and there hasn’t been a change in momentum, Seidenberg said today on the sidelines of Verizon Wireless’ Open Development Conference. “There’s nothing out of the ordinary,” said Seidenberg. In other words PEOPLE ARE CHOOSING TO PAY THEIR CELL PHONE BILLS INSTEAD OF THEIR MORTGAGES.
| 7 Responses to “People Choosing Cell Phone Bills Over Mortgages.” | |
| rick Says: | |
| March 19th, 2008 at 2:50 pm | |
The credit problem is the doom of mortgages. I know too many people that let their 12,000 credit debt move aside while they bought $200,000+ houses. It is pretty sick. There should be a credit buyout from our government to people in horrible credit debt. It will eat them alive and then the government will have to help them out as poor incapable seniors. We can decide now. |
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| Bob Says: | |
| March 19th, 2008 at 4:19 pm | |
Clearly it’s time for the wireless industry to ELIMINATE THOSE RIDICULOUS EARLY TERMINATION FEES. $200 PER LINE? Come on. That is nothing but pure extortion. |
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| March 19th, 2008 at 9:02 pm | |
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