To pay my rent and save $500K in the bank would take me 30 years. Something wrong with my income? Maybe. But it is what it is.
Just tryin' a little spicy talk.
Tara ,'Get It Done'
Natter 34: Freak With No Name
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
Jesse - Apr 21, 2005 6:32:51 pm PDT #7921 of 10001
Sometimes I trip on how happy we could be.
aurelia - Apr 21, 2005 6:36:28 pm PDT #7922 of 10001
All sorrows can be borne if you put them into a story. Tell me a story.
If you can't rent and save, something is wrong with your rent, or your income.
Well, I could move in to a closet for the next fifteen (or thirty) years and/or I could give up and get a soul sucking job. I don't really want to though.
Maria - Apr 21, 2005 6:38:14 pm PDT #7923 of 10001
Not so nice is that I'm about to ruin a Friday morning for a bunch of people because of a series of unfortunate events and an upset foreign government. - shrift
If you can't rent and save, something is wrong with your rent, or your income.
Not necessarily. I have a tough time because of the housing and rental market in the DC area, and I make a good income. If I had to buy a house on my own, I'd never be able to save enough to come up with a decent downpayment.
Sometimes it feels like I can't even save enough for my retirement, and I don't have a hellacious amount of expenses.
Should people bank the $150K they may spend on their education rather than borrow it to end up paying interest for the next 20 years, because they'll get a better rate of return? They won't be able to make the $150K if they don't have the education. It's a vicious cycle.
brenda m - Apr 21, 2005 6:41:20 pm PDT #7924 of 10001
If you're going through hell/keep on going/don't slow down/keep your fear from showing/you might be gone/'fore the devil even knows you're there
So-called consumer debt can get out of hand, sure.
But access to credit is one of the bedrock mechanisms by which people are able to improve their economic standing. G.I. Bill credit in the middle of the last century was a huge driver of the growth of the middle class.
Jessica - Apr 21, 2005 6:42:19 pm PDT #7925 of 10001
And then Ortus came and said "It's Ortin' time" and they all Orted off into the sunset
that Reza Aslan is one cutehead religious scholar.
He really is. And smart, too.
Gus - Apr 21, 2005 6:44:12 pm PDT #7926 of 10001
Bag the crypto. Say what is on your mind.
and last week's comp check said the house is now worth $700k. He's made $250K in less than 2 years.
He hasn't made a dime. He has comp check in hand that will not buy a cup of coffee.
What are the real dollars he has spent on interest?
Maria - Apr 21, 2005 6:54:49 pm PDT #7927 of 10001
Not so nice is that I'm about to ruin a Friday morning for a bunch of people because of a series of unfortunate events and an upset foreign government. - shrift
He hasn't made a dime. He has comp check in hand that will not buy a cup of coffee.
If he sells the house tomorrow, he's got it in hand. Of course he won't have a house, but he'll have $250K.
If he had invested it, all he has is a piece of paper in hand that doesn't buy him a cup of coffee either.
What are the real dollars he has spent on interest?
Unknown. I only know the basics of his program. I do know that he has an interest-only loan, which allows him to deduct 100% of his mortgage payment off of his taxes.
Gus - Apr 21, 2005 6:57:08 pm PDT #7928 of 10001
Bag the crypto. Say what is on your mind.
access to credit is one of the bedrock mechanisms by which people are able to improve their economic standing
Completely down with this statement.
Credit does not suck. Using it to meet basic needs does.
Maria - Apr 21, 2005 7:00:35 pm PDT #7929 of 10001
Not so nice is that I'm about to ruin a Friday morning for a bunch of people because of a series of unfortunate events and an upset foreign government. - shrift
Using it to meet basic needs does.Then for what the hell are you supposed to use credit? Purchasing a house improves your economic standing.
Gus - Apr 21, 2005 7:03:07 pm PDT #7930 of 10001
Bag the crypto. Say what is on your mind.
I'll lay the "if he sells for ..." thing off to one side, for a moment.
Anyone want to guess whether or not the bank made money?
From whom?