Forum Replies Created
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DWCAP
ParticipantThere is plenty wrong with his math, but the gist is correct.
Sales tax and rebate taxes and all the rest of it will probably just about cancel themselves out. There is no FEDERAL income taxs. But increased sales values will raise sales taxes, maybe a few hundred dollars off your rebate. I have a feeling they will play with the law on this one, 2010 is an election year remember.Still it was a ripoff, and here is why.
If you got the $3500 rebate, and then paid full price like the OP car, you came out $500 ahead. However, even if you only had a $1500 trade in value car, you are now out $1000. Certain states may hit you with state taxes, so you are out maybe another $500. So you lost $1500 on the deal, or if you live in certain states ‘only’ $1000 was lost.
If you traded in for the $4500 rebate, you are at basically break even.In the end, you either broke even, or lost money. But remember that near the end alot of dealers were short inventory and people had to compromise on their cars. They may or may not have gotten what they really wanted, all to take advantage of a program that at best left them at 0. Yah!
ParticipantId estimate that two far larger forces are in effect for Disneyland than people not paying their morgage. (though I suspect a few are living large on the hog with borrowed time/money)
1) The dollar is low right now. This means other people come here, and we stay here.
2) In tight times like these, people cut spending on the kids last. Sure it is frivilous spending, but it is all ok, cause it is for the kids. (Think of the children, man, Think of the children! )
Also, this was the weekend before Halloween. My brother has two little princesses at home, and both went to Disneyland this week. In comparison to Florida last year, two days at Disneyland is dirt cheap. (and yes he is still paying his morgage)
ParticipantId estimate that two far larger forces are in effect for Disneyland than people not paying their morgage. (though I suspect a few are living large on the hog with borrowed time/money)
1) The dollar is low right now. This means other people come here, and we stay here.
2) In tight times like these, people cut spending on the kids last. Sure it is frivilous spending, but it is all ok, cause it is for the kids. (Think of the children, man, Think of the children! )
Also, this was the weekend before Halloween. My brother has two little princesses at home, and both went to Disneyland this week. In comparison to Florida last year, two days at Disneyland is dirt cheap. (and yes he is still paying his morgage)
ParticipantId estimate that two far larger forces are in effect for Disneyland than people not paying their morgage. (though I suspect a few are living large on the hog with borrowed time/money)
1) The dollar is low right now. This means other people come here, and we stay here.
2) In tight times like these, people cut spending on the kids last. Sure it is frivilous spending, but it is all ok, cause it is for the kids. (Think of the children, man, Think of the children! )
Also, this was the weekend before Halloween. My brother has two little princesses at home, and both went to Disneyland this week. In comparison to Florida last year, two days at Disneyland is dirt cheap. (and yes he is still paying his morgage)
ParticipantId estimate that two far larger forces are in effect for Disneyland than people not paying their morgage. (though I suspect a few are living large on the hog with borrowed time/money)
1) The dollar is low right now. This means other people come here, and we stay here.
2) In tight times like these, people cut spending on the kids last. Sure it is frivilous spending, but it is all ok, cause it is for the kids. (Think of the children, man, Think of the children! )
Also, this was the weekend before Halloween. My brother has two little princesses at home, and both went to Disneyland this week. In comparison to Florida last year, two days at Disneyland is dirt cheap. (and yes he is still paying his morgage)
ParticipantId estimate that two far larger forces are in effect for Disneyland than people not paying their morgage. (though I suspect a few are living large on the hog with borrowed time/money)
1) The dollar is low right now. This means other people come here, and we stay here.
2) In tight times like these, people cut spending on the kids last. Sure it is frivilous spending, but it is all ok, cause it is for the kids. (Think of the children, man, Think of the children! )
Also, this was the weekend before Halloween. My brother has two little princesses at home, and both went to Disneyland this week. In comparison to Florida last year, two days at Disneyland is dirt cheap. (and yes he is still paying his morgage)
Participant[quote=FormerSanDiegan]Some people will die next year and their heirs will sell their property. Those should be counted in shadow inventory as well.
Also, some people will move away, retire to the mountains or other scenarios. The future inventory from these sources should be investigated as well.[/quote]
Why? That is normal inventory flux. There will always be people dying and people moving.
Shadow inventory refers to the ABNORMAL current situation where property ‘owners’ are not fufilling their contractual obligations, and the banks are not acting upon it and taking the house to foreclosure and/or sale.
The properties you describe are not shadow inventory, their owners are paying their morgage, the bank has no legal reason to take the property, and/or no morgage is heald on the property (ie old people paid it off before they die).
Participant[quote=FormerSanDiegan]Some people will die next year and their heirs will sell their property. Those should be counted in shadow inventory as well.
Also, some people will move away, retire to the mountains or other scenarios. The future inventory from these sources should be investigated as well.[/quote]
Why? That is normal inventory flux. There will always be people dying and people moving.
Shadow inventory refers to the ABNORMAL current situation where property ‘owners’ are not fufilling their contractual obligations, and the banks are not acting upon it and taking the house to foreclosure and/or sale.
The properties you describe are not shadow inventory, their owners are paying their morgage, the bank has no legal reason to take the property, and/or no morgage is heald on the property (ie old people paid it off before they die).
Participant[quote=FormerSanDiegan]Some people will die next year and their heirs will sell their property. Those should be counted in shadow inventory as well.
Also, some people will move away, retire to the mountains or other scenarios. The future inventory from these sources should be investigated as well.[/quote]
Why? That is normal inventory flux. There will always be people dying and people moving.
Shadow inventory refers to the ABNORMAL current situation where property ‘owners’ are not fufilling their contractual obligations, and the banks are not acting upon it and taking the house to foreclosure and/or sale.
The properties you describe are not shadow inventory, their owners are paying their morgage, the bank has no legal reason to take the property, and/or no morgage is heald on the property (ie old people paid it off before they die).
Participant[quote=FormerSanDiegan]Some people will die next year and their heirs will sell their property. Those should be counted in shadow inventory as well.
Also, some people will move away, retire to the mountains or other scenarios. The future inventory from these sources should be investigated as well.[/quote]
Why? That is normal inventory flux. There will always be people dying and people moving.
Shadow inventory refers to the ABNORMAL current situation where property ‘owners’ are not fufilling their contractual obligations, and the banks are not acting upon it and taking the house to foreclosure and/or sale.
The properties you describe are not shadow inventory, their owners are paying their morgage, the bank has no legal reason to take the property, and/or no morgage is heald on the property (ie old people paid it off before they die).
Participant[quote=FormerSanDiegan]Some people will die next year and their heirs will sell their property. Those should be counted in shadow inventory as well.
Also, some people will move away, retire to the mountains or other scenarios. The future inventory from these sources should be investigated as well.[/quote]
Why? That is normal inventory flux. There will always be people dying and people moving.
Shadow inventory refers to the ABNORMAL current situation where property ‘owners’ are not fufilling their contractual obligations, and the banks are not acting upon it and taking the house to foreclosure and/or sale.
The properties you describe are not shadow inventory, their owners are paying their morgage, the bank has no legal reason to take the property, and/or no morgage is heald on the property (ie old people paid it off before they die).
Participant[quote=patientrenter][quote=DWCAP]….Allowing the market to identify responsible consumers vs irresponsible consumers seems like a good thing to me.[/quote]
How uncharitable and unfair of you. Luckily the people with real power will override your petty concerns. Back to the party and drink up, everyone!
DWCAP, we’ll send you the bill for our drinks later.[/quote]
Sadly I doubt I will still be around when that bill arrives. However, my kids name is …….
Participant[quote=patientrenter][quote=DWCAP]….Allowing the market to identify responsible consumers vs irresponsible consumers seems like a good thing to me.[/quote]
How uncharitable and unfair of you. Luckily the people with real power will override your petty concerns. Back to the party and drink up, everyone!
DWCAP, we’ll send you the bill for our drinks later.[/quote]
Sadly I doubt I will still be around when that bill arrives. However, my kids name is …….
Participant[quote=patientrenter][quote=DWCAP]….Allowing the market to identify responsible consumers vs irresponsible consumers seems like a good thing to me.[/quote]
How uncharitable and unfair of you. Luckily the people with real power will override your petty concerns. Back to the party and drink up, everyone!
DWCAP, we’ll send you the bill for our drinks later.[/quote]
Sadly I doubt I will still be around when that bill arrives. However, my kids name is …….
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