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Author: aj485 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 128142  
Subject: Re: When can I qualify for a loan? Date: 4/25/2013 9:51 PM
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I'm not saying I'm necessarily not overconfident, but there are a couple reasons why I think that we're fairly safe.
the funding is defense funding

I'm glad you're confident. But with defense funding getting cut by $41 billion this year because Congress couldn't do their job and agree on a spending plan, and having seen colleagues lose their jobs in other defense cuts, not sure I would be as confident in your place. I'm sure that there is value in the project that you are doing. But I'm also sure that there is someone who sees value in every research project that gets funded by the government, and even a lot of those that fail to get funding.

Ultimately, it's whatever allows you to sleep at night. Personally, if my project/job were dependent on government funding, with the way that Congress has been unable to agree on anything for the past several years, I would want a fully funded e-fund before I made a major purchase like a house. But if you are willing to take the risk of not having a fully funded e-fund, and you can sleep at night - that's your choice.

When I bought my first house, I didn't have a fully funded e-fund, and I was working for a defense contractor. It turned out okay for me, and it probably will for you, too. It didn't turn out so well for some of my colleagues, though, which is why I look back and realize that I was really lucky, and not necessarily all that smart. I wish that there had been forums like this available at that time. I'm not sure that I would have actually listened, much less have done anything differently, but it would have given me another viewpoint that was completely different than the viewpoints that I got at the time.

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