| Author |
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Thumper74
| | Posted on Thursday, February 19, 2009 - 03:11 pm: | 
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My wife and I bought a sensible older house with a sensible payment (less than our apartment and only a couple hundred more than living with a roomate). We drive sensible cars with sensible payments. I ride a Buell with sensible payments. I do all my own home repairs. I do all of the maintenance and repairs on all of the vehicles, including: a timing belt last spring, brakes ALL the way around on the same car, clutch cable and belt replacement on the Buell, clutch adjustment and primary adjustment on the Buell. We make good money for our age and can't figure out why someone would sign up for a home loan that they can't afford based on what they 'might' make in five years. |
Gunut75
| | Posted on Thursday, February 19, 2009 - 03:16 pm: |
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I would say so! That, and I don't understand why some people "need to be like the Jones'". $4000-5000/mo.?! Do you have any idea how many Buells would be in MY stable after 2-3 years? Certainly more than 5! Maybe one for each day of the week; and I still would have money left over! The biggest decision would be which Buell to mod next! |
Xl1200r
| | Posted on Thursday, February 19, 2009 - 03:25 pm: |
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thump - I'm in the same boat. I make really good money for my age and my area, but even in this 'buyer's market' I can't afford anything worth living in, or in an area I'd even think about raising a family.
Thank god I'm still employed at least. |
Froggy
| | Posted on Thursday, February 19, 2009 - 03:29 pm: |
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Guess it ain't wise that I am about to plop down $40k for a car I can almost comfortably afford? I don't need a car, but I need to do my part to stimulate GM... Yea thats my excuse  |
Wolfridgerider
| | Posted on Thursday, February 19, 2009 - 03:34 pm: |
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Ya get a tax break for help'n GM don't ya know..... |
Buellinachinashop
| | Posted on Thursday, February 19, 2009 - 03:40 pm: |
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The tax breaks are really tempting, but all the tax breaks in the world won't garuntee my company won't lay me off tomorrow. I'm scared to buy a house now. My fiancee and I are looking at a lease until this madness settles a little bit. |
Xl1200r
| | Posted on Thursday, February 19, 2009 - 03:45 pm: |
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Did anyone catch in the article that this new $75B is meant to entice lenders to refinance upsidedown loans using the $700B they got a few months ago? WTF? Give them money to get them to spend the money we already gave them?
I do really feel bad for folks caught up in this mess, but my charity account is dry. Why should I have to pay because you lost your house or your job? We've thrown enough god damned money at this mess, let's start trying some constructive ideas instead.
I was really open minded when this guy got elected and was willing to give him a chance, but I don't know if there has been one sensible thought in that man's head since he took office.
I hope after Carter 2.0 we'll get a Reagan 2.0 to straighten this crap out. |
Buellinachinashop
| | Posted on Thursday, February 19, 2009 - 03:50 pm: |
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So we're up to about 800 billion right? How much is that per person and for how long? Lets take away the personal debt and make it more of a National debt? makes no sense to me. |
Rex
| | Posted on Thursday, February 19, 2009 - 04:07 pm: |
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My older son bought a new home in Arizona a couple of years ago, for around $250,000. He is being transferred to California, without a move package. His Arizona home is now estimated to be worth 65,000-85,000. Almost every home in his sub division has a for sale sign there, and the people have moved out. So far, everything he has put down on the house is gone. He is trying to get the bank to work with him, on a lower interest rate, etc. They will not even talk with him. This is a kid that wants to not lose his house, and they will not work with him....Others in his neighborhood are just saying come and get it, and moving....REX |
Rex
| | Posted on Thursday, February 19, 2009 - 04:08 pm: |
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My younger son bought a house that was worth 250,000 for around 110,000. His payment is now lower than it was when he was in an apartment. He made out okay. Too bad, you cannot average out both boys, huh? REX |
Bill0351
| | Posted on Thursday, February 19, 2009 - 04:18 pm: |
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"Reagan 2.0 to straighten this crap out"
Because he was so incredibly good at keeping a balanced budget? That would be SO cool if another Reagan could take the debt we have now and nearly triple it like the old Reagan did!
I'm sure that's exactly what the country needs. |
Greenlantern
| | Posted on Thursday, February 19, 2009 - 04:30 pm: |
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I feel gravity taking hold |
Johnnylunchbox
| | Posted on Thursday, February 19, 2009 - 09:58 pm: |
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Hey, Bill0351, I wasn't calling your ex stupid, greedy or ignorant. Fact is there are a lot of people in dire financial straits who are merely the victims of circumstance.
My sentiment was, that there are a lot of people who should've known better, but didn't care and ended up in a financial mess. Those are the people I don't give a rat's ass about bailing out.
I hope all greedy bastards, be they real estate agents, bankers, contractors, CEO's, shoe salesmen, or marine gynecologists, get their karmic rewards. Bottom line is greed sucks. |
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