[werewolf34]

First, that sucks.

Good news
1) You’re alive

Bad news
1) Your insurance company will give you ‘fair value’ for your TT. Chances are repairs > value of the car so it will be totalled and written off with you receiving a check. Bad news is a 2001 TT isn’t worth enough to put you into a new car. Check NADA, Edmunds and KBB and be prepared to fight with the insurance company over value of your car.

I am not the guy who rushes to sue somebody but I would strongly consider it at this point. You’ll likely have to dig into your pockets for another car at no fault of your own.

I would caution you to be rational. Camaro SS is not a rational car. Also given what happened get something used with good crash scores. Good luck

[werewolf34]

First, that sucks.

Good news
1) You’re alive

Bad news
1) Your insurance company will give you ‘fair value’ for your TT. Chances are repairs > value of the car so it will be totalled and written off with you receiving a check. Bad news is a 2001 TT isn’t worth enough to put you into a new car. Check NADA, Edmunds and KBB and be prepared to fight with the insurance company over value of your car.

I am not the guy who rushes to sue somebody but I would strongly consider it at this point. You’ll likely have to dig into your pockets for another car at no fault of your own.

I would caution you to be rational. Camaro SS is not a rational car. Also given what happened get something used with good crash scores. Good luck

[werewolf34]

First, that sucks.

Good news
1) You’re alive

Bad news
1) Your insurance company will give you ‘fair value’ for your TT. Chances are repairs > value of the car so it will be totalled and written off with you receiving a check. Bad news is a 2001 TT isn’t worth enough to put you into a new car. Check NADA, Edmunds and KBB and be prepared to fight with the insurance company over value of your car.

I am not the guy who rushes to sue somebody but I would strongly consider it at this point. You’ll likely have to dig into your pockets for another car at no fault of your own.

I would caution you to be rational. Camaro SS is not a rational car. Also given what happened get something used with good crash scores. Good luck

[werewolf34]

First, that sucks.

Good news
1) You’re alive

Bad news
1) Your insurance company will give you ‘fair value’ for your TT. Chances are repairs > value of the car so it will be totalled and written off with you receiving a check. Bad news is a 2001 TT isn’t worth enough to put you into a new car. Check NADA, Edmunds and KBB and be prepared to fight with the insurance company over value of your car.

I am not the guy who rushes to sue somebody but I would strongly consider it at this point. You’ll likely have to dig into your pockets for another car at no fault of your own.

I would caution you to be rational. Camaro SS is not a rational car. Also given what happened get something used with good crash scores. Good luck

[werewolf34]

First, that sucks.

Good news
1) You’re alive

Bad news
1) Your insurance company will give you ‘fair value’ for your TT. Chances are repairs > value of the car so it will be totalled and written off with you receiving a check. Bad news is a 2001 TT isn’t worth enough to put you into a new car. Check NADA, Edmunds and KBB and be prepared to fight with the insurance company over value of your car.

I am not the guy who rushes to sue somebody but I would strongly consider it at this point. You’ll likely have to dig into your pockets for another car at no fault of your own.

I would caution you to be rational. Camaro SS is not a rational car. Also given what happened get something used with good crash scores. Good luck

[werewolf34]

Good content and analysis.

But the point re: how great America is sounds like puffery (chest out). We have real long-term problems in the US (education, debt, infrastructure) and need to stop thinking that ‘American Ingenuity’ is going to magically make them disappear.

I predict a long period of denial, a second recession and a grudging acceptance that life will be grim for a good 10 years minimum. I really do hope I am wrong

[werewolf34]

Good content and analysis.

But the point re: how great America is sounds like puffery (chest out). We have real long-term problems in the US (education, debt, infrastructure) and need to stop thinking that ‘American Ingenuity’ is going to magically make them disappear.

I predict a long period of denial, a second recession and a grudging acceptance that life will be grim for a good 10 years minimum. I really do hope I am wrong

[werewolf34]

Good content and analysis.

But the point re: how great America is sounds like puffery (chest out). We have real long-term problems in the US (education, debt, infrastructure) and need to stop thinking that ‘American Ingenuity’ is going to magically make them disappear.

I predict a long period of denial, a second recession and a grudging acceptance that life will be grim for a good 10 years minimum. I really do hope I am wrong

[werewolf34]

Good content and analysis.

But the point re: how great America is sounds like puffery (chest out). We have real long-term problems in the US (education, debt, infrastructure) and need to stop thinking that ‘American Ingenuity’ is going to magically make them disappear.

I predict a long period of denial, a second recession and a grudging acceptance that life will be grim for a good 10 years minimum. I really do hope I am wrong

[werewolf34]

Good content and analysis.

But the point re: how great America is sounds like puffery (chest out). We have real long-term problems in the US (education, debt, infrastructure) and need to stop thinking that ‘American Ingenuity’ is going to magically make them disappear.

I predict a long period of denial, a second recession and a grudging acceptance that life will be grim for a good 10 years minimum. I really do hope I am wrong

[werewolf34]

The golden rule doesn’t work for most CA real estate. Effective tax is 35%+ for most yuppies
so your mortage pmt should be no more than 33% of gross. If your buddy has a net of 7k then the mortgage should be 2.4K. At 5% rate and 20% down, the max house value is 550K (this ignoring taxes, insurance, HOA). he has a family of 5. What kind of house do you get in SD during the bubble for 550k?

Home values have severely outpaced the salary income for SD residents. Basically the cheap finance available in the US allowed people who
‘weren’t getting ahead’ to make money / take money out of their house(s). But you needed to own not rent. You see your neighbor buying a ski boat / Escalade and then you jump in late and get left holding the bag.

Even with 20% unemployment, homes are still unaffordable b/c govt wants to help irresponsible hmoeowners rather than letting the market do its own thing.

If he had flipped the house for 200K more and got a Cadillac out of it, would you call him stupid?

[werewolf34]

The golden rule doesn’t work for most CA real estate. Effective tax is 35%+ for most yuppies
so your mortage pmt should be no more than 33% of gross. If your buddy has a net of 7k then the mortgage should be 2.4K. At 5% rate and 20% down, the max house value is 550K (this ignoring taxes, insurance, HOA). he has a family of 5. What kind of house do you get in SD during the bubble for 550k?

Home values have severely outpaced the salary income for SD residents. Basically the cheap finance available in the US allowed people who
‘weren’t getting ahead’ to make money / take money out of their house(s). But you needed to own not rent. You see your neighbor buying a ski boat / Escalade and then you jump in late and get left holding the bag.

Even with 20% unemployment, homes are still unaffordable b/c govt wants to help irresponsible hmoeowners rather than letting the market do its own thing.

If he had flipped the house for 200K more and got a Cadillac out of it, would you call him stupid?

[werewolf34]

The golden rule doesn’t work for most CA real estate. Effective tax is 35%+ for most yuppies
so your mortage pmt should be no more than 33% of gross. If your buddy has a net of 7k then the mortgage should be 2.4K. At 5% rate and 20% down, the max house value is 550K (this ignoring taxes, insurance, HOA). he has a family of 5. What kind of house do you get in SD during the bubble for 550k?

Home values have severely outpaced the salary income for SD residents. Basically the cheap finance available in the US allowed people who
‘weren’t getting ahead’ to make money / take money out of their house(s). But you needed to own not rent. You see your neighbor buying a ski boat / Escalade and then you jump in late and get left holding the bag.

Even with 20% unemployment, homes are still unaffordable b/c govt wants to help irresponsible hmoeowners rather than letting the market do its own thing.

If he had flipped the house for 200K more and got a Cadillac out of it, would you call him stupid?

[werewolf34]

The golden rule doesn’t work for most CA real estate. Effective tax is 35%+ for most yuppies
so your mortage pmt should be no more than 33% of gross. If your buddy has a net of 7k then the mortgage should be 2.4K. At 5% rate and 20% down, the max house value is 550K (this ignoring taxes, insurance, HOA). he has a family of 5. What kind of house do you get in SD during the bubble for 550k?

Home values have severely outpaced the salary income for SD residents. Basically the cheap finance available in the US allowed people who
‘weren’t getting ahead’ to make money / take money out of their house(s). But you needed to own not rent. You see your neighbor buying a ski boat / Escalade and then you jump in late and get left holding the bag.

Even with 20% unemployment, homes are still unaffordable b/c govt wants to help irresponsible hmoeowners rather than letting the market do its own thing.

If he had flipped the house for 200K more and got a Cadillac out of it, would you call him stupid?

[werewolf34]

The golden rule doesn’t work for most CA real estate. Effective tax is 35%+ for most yuppies
so your mortage pmt should be no more than 33% of gross. If your buddy has a net of 7k then the mortgage should be 2.4K. At 5% rate and 20% down, the max house value is 550K (this ignoring taxes, insurance, HOA). he has a family of 5. What kind of house do you get in SD during the bubble for 550k?

Home values have severely outpaced the salary income for SD residents. Basically the cheap finance available in the US allowed people who
‘weren’t getting ahead’ to make money / take money out of their house(s). But you needed to own not rent. You see your neighbor buying a ski boat / Escalade and then you jump in late and get left holding the bag.

Even with 20% unemployment, homes are still unaffordable b/c govt wants to help irresponsible hmoeowners rather than letting the market do its own thing.

If he had flipped the house for 200K more and got a Cadillac out of it, would you call him stupid?

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