Forum Replies Created
-
AuthorPosts
-
Diego Mamani
ParticipantFrom a financial point of view, I’d get a used Lexus, Accura, Toyota, or Honda, and pay cash for it.
But car purchases can be emotional and few of us can be rational. In 2001 I bought a brand new Mustang, mostly because I liked its shape. I thought (or “knew”) that a Toyota, even a used one, may have been more reliable.
My car was a newspaper ad special at $14.9K (a V6) and it came with 0% APR for 60 months. I put only $500 down (!) I made my last payment over a year ago, the car now has only 52K miles, and looks/runs like new. Never any problems. I do take care of it, though.
A similar story with my wife’s Subaru. Both cars are paid in full, and they are well maintained. No thanks, no car payments for me!
ParticipantFrom a financial point of view, I’d get a used Lexus, Accura, Toyota, or Honda, and pay cash for it.
But car purchases can be emotional and few of us can be rational. In 2001 I bought a brand new Mustang, mostly because I liked its shape. I thought (or “knew”) that a Toyota, even a used one, may have been more reliable.
My car was a newspaper ad special at $14.9K (a V6) and it came with 0% APR for 60 months. I put only $500 down (!) I made my last payment over a year ago, the car now has only 52K miles, and looks/runs like new. Never any problems. I do take care of it, though.
A similar story with my wife’s Subaru. Both cars are paid in full, and they are well maintained. No thanks, no car payments for me!
ParticipantFrom a financial point of view, I’d get a used Lexus, Accura, Toyota, or Honda, and pay cash for it.
But car purchases can be emotional and few of us can be rational. In 2001 I bought a brand new Mustang, mostly because I liked its shape. I thought (or “knew”) that a Toyota, even a used one, may have been more reliable.
My car was a newspaper ad special at $14.9K (a V6) and it came with 0% APR for 60 months. I put only $500 down (!) I made my last payment over a year ago, the car now has only 52K miles, and looks/runs like new. Never any problems. I do take care of it, though.
A similar story with my wife’s Subaru. Both cars are paid in full, and they are well maintained. No thanks, no car payments for me!
ParticipantFrom a financial point of view, I’d get a used Lexus, Accura, Toyota, or Honda, and pay cash for it.
But car purchases can be emotional and few of us can be rational. In 2001 I bought a brand new Mustang, mostly because I liked its shape. I thought (or “knew”) that a Toyota, even a used one, may have been more reliable.
My car was a newspaper ad special at $14.9K (a V6) and it came with 0% APR for 60 months. I put only $500 down (!) I made my last payment over a year ago, the car now has only 52K miles, and looks/runs like new. Never any problems. I do take care of it, though.
A similar story with my wife’s Subaru. Both cars are paid in full, and they are well maintained. No thanks, no car payments for me!
December 17, 2007 at 11:04 PM in reply to: a builder sold some houses, went bankruptcy, can its creditor legally take back the sold houses? #119436ParticipantIf Ford ever goes bankrupt, I better hide my paid-for Mustang!
Google “property rights” or look it up in any encyclopedia. Now, a question for you: How do we know you’re not a troll?
December 17, 2007 at 11:04 PM in reply to: a builder sold some houses, went bankruptcy, can its creditor legally take back the sold houses? #119568ParticipantIf Ford ever goes bankrupt, I better hide my paid-for Mustang!
Google “property rights” or look it up in any encyclopedia. Now, a question for you: How do we know you’re not a troll?
December 17, 2007 at 11:04 PM in reply to: a builder sold some houses, went bankruptcy, can its creditor legally take back the sold houses? #119602ParticipantIf Ford ever goes bankrupt, I better hide my paid-for Mustang!
Google “property rights” or look it up in any encyclopedia. Now, a question for you: How do we know you’re not a troll?
December 17, 2007 at 11:04 PM in reply to: a builder sold some houses, went bankruptcy, can its creditor legally take back the sold houses? #119646ParticipantIf Ford ever goes bankrupt, I better hide my paid-for Mustang!
Google “property rights” or look it up in any encyclopedia. Now, a question for you: How do we know you’re not a troll?
December 17, 2007 at 11:04 PM in reply to: a builder sold some houses, went bankruptcy, can its creditor legally take back the sold houses? #119667ParticipantIf Ford ever goes bankrupt, I better hide my paid-for Mustang!
Google “property rights” or look it up in any encyclopedia. Now, a question for you: How do we know you’re not a troll?
ParticipantIf someone can pay 2000 dollars a month for interest only loan, they won’t be on the street. I don’t know why people think that every foreclosure throw people out on the street.
Well said, Arty. I’m sick of reading or hearing that “families may lose their homes” on newspapers and news shows. How can you lose something that you don’t really own?
We have young families who bought houses they couldn’t afford, with little or nothing down. If their house is foreclosed, they’ll just go back to being renters. Is that so abonimable?
Bailouts and increasing FHA limits will only prolong the pain by keeping house prices inflated for a long time. Let the market work and correct itself! The sooner the better.
Can the government help? Yes! The goevrnment could threaten to take over and auction any abandoned house. That’ll keep prices low so that more families can afford a house!
ParticipantIf someone can pay 2000 dollars a month for interest only loan, they won’t be on the street. I don’t know why people think that every foreclosure throw people out on the street.
Well said, Arty. I’m sick of reading or hearing that “families may lose their homes” on newspapers and news shows. How can you lose something that you don’t really own?
We have young families who bought houses they couldn’t afford, with little or nothing down. If their house is foreclosed, they’ll just go back to being renters. Is that so abonimable?
Bailouts and increasing FHA limits will only prolong the pain by keeping house prices inflated for a long time. Let the market work and correct itself! The sooner the better.
Can the government help? Yes! The goevrnment could threaten to take over and auction any abandoned house. That’ll keep prices low so that more families can afford a house!
ParticipantIf someone can pay 2000 dollars a month for interest only loan, they won’t be on the street. I don’t know why people think that every foreclosure throw people out on the street.
Well said, Arty. I’m sick of reading or hearing that “families may lose their homes” on newspapers and news shows. How can you lose something that you don’t really own?
We have young families who bought houses they couldn’t afford, with little or nothing down. If their house is foreclosed, they’ll just go back to being renters. Is that so abonimable?
Bailouts and increasing FHA limits will only prolong the pain by keeping house prices inflated for a long time. Let the market work and correct itself! The sooner the better.
Can the government help? Yes! The goevrnment could threaten to take over and auction any abandoned house. That’ll keep prices low so that more families can afford a house!
ParticipantIf someone can pay 2000 dollars a month for interest only loan, they won’t be on the street. I don’t know why people think that every foreclosure throw people out on the street.
Well said, Arty. I’m sick of reading or hearing that “families may lose their homes” on newspapers and news shows. How can you lose something that you don’t really own?
We have young families who bought houses they couldn’t afford, with little or nothing down. If their house is foreclosed, they’ll just go back to being renters. Is that so abonimable?
Bailouts and increasing FHA limits will only prolong the pain by keeping house prices inflated for a long time. Let the market work and correct itself! The sooner the better.
Can the government help? Yes! The goevrnment could threaten to take over and auction any abandoned house. That’ll keep prices low so that more families can afford a house!
ParticipantIf someone can pay 2000 dollars a month for interest only loan, they won’t be on the street. I don’t know why people think that every foreclosure throw people out on the street.
Well said, Arty. I’m sick of reading or hearing that “families may lose their homes” on newspapers and news shows. How can you lose something that you don’t really own?
We have young families who bought houses they couldn’t afford, with little or nothing down. If their house is foreclosed, they’ll just go back to being renters. Is that so abonimable?
Bailouts and increasing FHA limits will only prolong the pain by keeping house prices inflated for a long time. Let the market work and correct itself! The sooner the better.
Can the government help? Yes! The goevrnment could threaten to take over and auction any abandoned house. That’ll keep prices low so that more families can afford a house!
-
AuthorPosts
