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December 18, 2007 at 3:17 PM in reply to: The banks are going to inflate their way out of housing mess #120014December 18, 2007 at 3:17 PM in reply to: The banks are going to inflate their way out of housing mess #120149
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ParticipantYeah, that will solve the problem. Because the reason homes aren’t selling is because people haven’t spent enough money they don’t have.
December 18, 2007 at 3:17 PM in reply to: The banks are going to inflate their way out of housing mess #120180ParticipantYeah, that will solve the problem. Because the reason homes aren’t selling is because people haven’t spent enough money they don’t have.
December 18, 2007 at 3:17 PM in reply to: The banks are going to inflate their way out of housing mess #120226ParticipantYeah, that will solve the problem. Because the reason homes aren’t selling is because people haven’t spent enough money they don’t have.
December 18, 2007 at 3:17 PM in reply to: The banks are going to inflate their way out of housing mess #120248ParticipantYeah, that will solve the problem. Because the reason homes aren’t selling is because people haven’t spent enough money they don’t have.
ParticipantEven with no student loans (loaded parents), living at home, free food, a gas card, and if your parents don’t claim you as a dependent, at age 24 you’d have to save ALL your money from your first job, and make $40, $50, and $60k/yr the 1st, 2nd and 3rd years out of college. Not impossible, but certainly not the norm.
That or you were a broker the last 3 years pulling $100k, in which case I’d recommend selling cars at this point. 🙂
I thought I would hear a lot more defense for leasing, but I’m glad there’s not.
BTW, sister has an AUDI TT with >30k miles. Needs a new clutch, and has taken 10 days and counting to repair.
Buy a used Toyota or a Honda for cash.
ParticipantEven with no student loans (loaded parents), living at home, free food, a gas card, and if your parents don’t claim you as a dependent, at age 24 you’d have to save ALL your money from your first job, and make $40, $50, and $60k/yr the 1st, 2nd and 3rd years out of college. Not impossible, but certainly not the norm.
That or you were a broker the last 3 years pulling $100k, in which case I’d recommend selling cars at this point. 🙂
I thought I would hear a lot more defense for leasing, but I’m glad there’s not.
BTW, sister has an AUDI TT with >30k miles. Needs a new clutch, and has taken 10 days and counting to repair.
Buy a used Toyota or a Honda for cash.
ParticipantEven with no student loans (loaded parents), living at home, free food, a gas card, and if your parents don’t claim you as a dependent, at age 24 you’d have to save ALL your money from your first job, and make $40, $50, and $60k/yr the 1st, 2nd and 3rd years out of college. Not impossible, but certainly not the norm.
That or you were a broker the last 3 years pulling $100k, in which case I’d recommend selling cars at this point. 🙂
I thought I would hear a lot more defense for leasing, but I’m glad there’s not.
BTW, sister has an AUDI TT with >30k miles. Needs a new clutch, and has taken 10 days and counting to repair.
Buy a used Toyota or a Honda for cash.
ParticipantEven with no student loans (loaded parents), living at home, free food, a gas card, and if your parents don’t claim you as a dependent, at age 24 you’d have to save ALL your money from your first job, and make $40, $50, and $60k/yr the 1st, 2nd and 3rd years out of college. Not impossible, but certainly not the norm.
That or you were a broker the last 3 years pulling $100k, in which case I’d recommend selling cars at this point. 🙂
I thought I would hear a lot more defense for leasing, but I’m glad there’s not.
BTW, sister has an AUDI TT with >30k miles. Needs a new clutch, and has taken 10 days and counting to repair.
Buy a used Toyota or a Honda for cash.
ParticipantEven with no student loans (loaded parents), living at home, free food, a gas card, and if your parents don’t claim you as a dependent, at age 24 you’d have to save ALL your money from your first job, and make $40, $50, and $60k/yr the 1st, 2nd and 3rd years out of college. Not impossible, but certainly not the norm.
That or you were a broker the last 3 years pulling $100k, in which case I’d recommend selling cars at this point. 🙂
I thought I would hear a lot more defense for leasing, but I’m glad there’s not.
BTW, sister has an AUDI TT with >30k miles. Needs a new clutch, and has taken 10 days and counting to repair.
Buy a used Toyota or a Honda for cash.
ParticipantWhy is this post titled “couple of things to worry about for renters”?
Even if the US dollar drops 50% to the peso the loans people have in dollars will still have to be paid back at their full amount. Unless they are earning wages in pesos, the devaluation of the $ will have little to no direct effect. The only threat to renters is if Mexican speculators come here and start snatching up cheap homes.
Given the amount of US driven manufacturing in Mexico, I’d bet any downturn in the US will directly hurt Mexico’s economy too.
ParticipantWhy is this post titled “couple of things to worry about for renters”?
Even if the US dollar drops 50% to the peso the loans people have in dollars will still have to be paid back at their full amount. Unless they are earning wages in pesos, the devaluation of the $ will have little to no direct effect. The only threat to renters is if Mexican speculators come here and start snatching up cheap homes.
Given the amount of US driven manufacturing in Mexico, I’d bet any downturn in the US will directly hurt Mexico’s economy too.
ParticipantWhy is this post titled “couple of things to worry about for renters”?
Even if the US dollar drops 50% to the peso the loans people have in dollars will still have to be paid back at their full amount. Unless they are earning wages in pesos, the devaluation of the $ will have little to no direct effect. The only threat to renters is if Mexican speculators come here and start snatching up cheap homes.
Given the amount of US driven manufacturing in Mexico, I’d bet any downturn in the US will directly hurt Mexico’s economy too.
ParticipantWhy is this post titled “couple of things to worry about for renters”?
Even if the US dollar drops 50% to the peso the loans people have in dollars will still have to be paid back at their full amount. Unless they are earning wages in pesos, the devaluation of the $ will have little to no direct effect. The only threat to renters is if Mexican speculators come here and start snatching up cheap homes.
Given the amount of US driven manufacturing in Mexico, I’d bet any downturn in the US will directly hurt Mexico’s economy too.
ParticipantWhy is this post titled “couple of things to worry about for renters”?
Even if the US dollar drops 50% to the peso the loans people have in dollars will still have to be paid back at their full amount. Unless they are earning wages in pesos, the devaluation of the $ will have little to no direct effect. The only threat to renters is if Mexican speculators come here and start snatching up cheap homes.
Given the amount of US driven manufacturing in Mexico, I’d bet any downturn in the US will directly hurt Mexico’s economy too.
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