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mydogsarelazy
ParticipantWhere I live (Murrieta) there should be a spike in walk-aways, defaults, foreclosures etc. this summer.
At least one of my neighbors has been in default for a few months but won’t move out until the semester is over and the kids are finished with school. Of course he bought a new car which I guess is what one does before bankruptcy these days.
This summer will be the summer of $5-6 gas and many, many defaults.
JS
mydogsarelazy
ParticipantWhere I live (Murrieta) there should be a spike in walk-aways, defaults, foreclosures etc. this summer.
At least one of my neighbors has been in default for a few months but won’t move out until the semester is over and the kids are finished with school. Of course he bought a new car which I guess is what one does before bankruptcy these days.
This summer will be the summer of $5-6 gas and many, many defaults.
JS
mydogsarelazy
ParticipantWhere I live (Murrieta) there should be a spike in walk-aways, defaults, foreclosures etc. this summer.
At least one of my neighbors has been in default for a few months but won’t move out until the semester is over and the kids are finished with school. Of course he bought a new car which I guess is what one does before bankruptcy these days.
This summer will be the summer of $5-6 gas and many, many defaults.
JS
mydogsarelazy
ParticipantWhere I live (Murrieta) there should be a spike in walk-aways, defaults, foreclosures etc. this summer.
At least one of my neighbors has been in default for a few months but won’t move out until the semester is over and the kids are finished with school. Of course he bought a new car which I guess is what one does before bankruptcy these days.
This summer will be the summer of $5-6 gas and many, many defaults.
JS
mydogsarelazy
ParticipantRight now, what makes it possible to do what we are doing — raising three daughters in Southern California — is capital.
We are older, and have paid off both cars, have less than $1k in credit card debt and just ten years to go to pay off our fixed rate mortgage. With an income of $115k we are fine, and are putting money in the girl’s college accounts every month. Of our $7k monthly after tax paycheck, we put about $1900 into property taxes and mortgage, and the rest can go elsewhere.
This economy is brutal for younger people, as they have a very tough time accumulating capital. Income is an important measure, but net worth is a crucial factor. Imagine being in your early twenties, wanting to start a family and living in Southern California. I would look around, scream and run to another state. Of course, I have no idea what state that would be.
JS
mydogsarelazy
ParticipantRight now, what makes it possible to do what we are doing — raising three daughters in Southern California — is capital.
We are older, and have paid off both cars, have less than $1k in credit card debt and just ten years to go to pay off our fixed rate mortgage. With an income of $115k we are fine, and are putting money in the girl’s college accounts every month. Of our $7k monthly after tax paycheck, we put about $1900 into property taxes and mortgage, and the rest can go elsewhere.
This economy is brutal for younger people, as they have a very tough time accumulating capital. Income is an important measure, but net worth is a crucial factor. Imagine being in your early twenties, wanting to start a family and living in Southern California. I would look around, scream and run to another state. Of course, I have no idea what state that would be.
JS
mydogsarelazy
ParticipantRight now, what makes it possible to do what we are doing — raising three daughters in Southern California — is capital.
We are older, and have paid off both cars, have less than $1k in credit card debt and just ten years to go to pay off our fixed rate mortgage. With an income of $115k we are fine, and are putting money in the girl’s college accounts every month. Of our $7k monthly after tax paycheck, we put about $1900 into property taxes and mortgage, and the rest can go elsewhere.
This economy is brutal for younger people, as they have a very tough time accumulating capital. Income is an important measure, but net worth is a crucial factor. Imagine being in your early twenties, wanting to start a family and living in Southern California. I would look around, scream and run to another state. Of course, I have no idea what state that would be.
JS
mydogsarelazy
ParticipantRight now, what makes it possible to do what we are doing — raising three daughters in Southern California — is capital.
We are older, and have paid off both cars, have less than $1k in credit card debt and just ten years to go to pay off our fixed rate mortgage. With an income of $115k we are fine, and are putting money in the girl’s college accounts every month. Of our $7k monthly after tax paycheck, we put about $1900 into property taxes and mortgage, and the rest can go elsewhere.
This economy is brutal for younger people, as they have a very tough time accumulating capital. Income is an important measure, but net worth is a crucial factor. Imagine being in your early twenties, wanting to start a family and living in Southern California. I would look around, scream and run to another state. Of course, I have no idea what state that would be.
JS
mydogsarelazy
ParticipantRight now, what makes it possible to do what we are doing — raising three daughters in Southern California — is capital.
We are older, and have paid off both cars, have less than $1k in credit card debt and just ten years to go to pay off our fixed rate mortgage. With an income of $115k we are fine, and are putting money in the girl’s college accounts every month. Of our $7k monthly after tax paycheck, we put about $1900 into property taxes and mortgage, and the rest can go elsewhere.
This economy is brutal for younger people, as they have a very tough time accumulating capital. Income is an important measure, but net worth is a crucial factor. Imagine being in your early twenties, wanting to start a family and living in Southern California. I would look around, scream and run to another state. Of course, I have no idea what state that would be.
JS
April 15, 2008 at 3:51 PM in reply to: A close friend/relative wants to borrow money. What do you do? #187769mydogsarelazy
ParticipantLoaning money to friends is a good way to lose both.
JS
April 15, 2008 at 3:51 PM in reply to: A close friend/relative wants to borrow money. What do you do? #187790mydogsarelazy
ParticipantLoaning money to friends is a good way to lose both.
JS
April 15, 2008 at 3:51 PM in reply to: A close friend/relative wants to borrow money. What do you do? #187820mydogsarelazy
ParticipantLoaning money to friends is a good way to lose both.
JS
April 15, 2008 at 3:51 PM in reply to: A close friend/relative wants to borrow money. What do you do? #187831mydogsarelazy
ParticipantLoaning money to friends is a good way to lose both.
JS
April 15, 2008 at 3:51 PM in reply to: A close friend/relative wants to borrow money. What do you do? #187833mydogsarelazy
ParticipantLoaning money to friends is a good way to lose both.
JS
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