In this economy...
I hear this all the time. Seriously though, are things really that bad? I know we owe so much money to the national deficit, but that's because these government jackasses can't figure out how to budget the money we give them.
"In this economy"... Every casino I walk into is packed. The streets of Vegas are packed. People are buying brand new cars all day long. I was at a seminar today about timeshares. People are investing money in timeshares, "in this economy". I'm going to the SEMA show tomorrow, I'm dying to see how bad things really are as far as prices on the latest greatest pieces of automotive ingenuity. I know these are strange times. The company I work for manufactures batteries for automotive/ industrial/ whatever you can imagine. Lead prices are at record highs. The market has been so competitive, we used to make dollars on batteries, now we make cents. We're still hiring though. It's just funny to me, cause this "salesman/ actor" as I'm going to refer to him, tried to sell me a timeshare today. I bet he makes as much money as I do in a year. Is there really a difference between me and him? I'm trying to figure it out. He doesn't wrench on equipment that makes product, but he convinces tourists to invest their money in a timeshare. Same difference. |
Just because people are spending money, doesn't mean they have it.
Its one thing to own a car outright. Its another thing to make a payment. The economy is bad, but that wont stop the spenders from spending. Which is good, cause then it keep us workers working. :) |
No shit, people say the Economy is bad because they can't all go buy a new beamer or caddy, or whatever the status symbol is, and have a 4000sqft house. (Sorry, that is big to me, we just upgraded to 2000). Some aspects are down. I bet alcohol sales aren't. I think people just feel more and more sorry for themselves because they didn't go to college and wonder why they don't make 6 digits a year. Here, all the restaurants still have a huge wait on the weekends, and people that live on government assistance still get $2k 40 inch wheels on their buy here pay here 89 cutlass. Thank god for guys that finance wheels. That keeps my friendies back home in business. Whatever.
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in this economy, some used car prices are making new car prices attractive.
Example: if you go to cars.com and look up used 2010 Prius pricing, it's almost exactly 1000 dollars less than the 2011 of the same trim level. |
I like this thread. Cause I think this every day. "In this economy"
6th street Austin was packed on saturday night starbucks had a line around the block 90% of the cars I saw in Austin were 2006 or newer everyday in San Angelo I see so many cars with 20"+ Rimzzz beat to shit civics with turbo kits We need to STOP the government from giving our hard earned money to these shit heads that buy stuff they WANT and cannot afford. |
Originally Posted by Vashthestampede
(Post 790402)
Its one thing to own a car outright. Its another thing to make a payment.
The economy is bad, but that wont stop the spenders from spending. Which is good, cause then it keep us workers working. :)
Originally Posted by y8s
(Post 790411)
in this economy, some used car prices are making new car prices attractive.
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to be fair, money is pretty cheap to borrow right now. no way I'd pay off my house early at 4.something percent interest.
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Originally Posted by y8s
(Post 790432)
to be fair, money is pretty cheap to borrow right now. no way I'd pay off my house early at 4.something percent interest.
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The key is Two Incomes, No Kids.
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(Posting from my phone.)
Well...I know who's employed in this thread. |
The streets have always been good to me.
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Originally Posted by thirdgen
(Post 790436)
Try 3.75. That's the last offer I got quoted.
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Originally Posted by y8s
(Post 790612)
I didn't want to refinance twice in one year.
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We're not in a recession, we're outliving the "credit bubble". If you were dumb enough to get an ARM or finance a bunch of shit that took a more of your income than it should, you have a problem. I know there are other, more complex issues with foreign investment and regulation changes, but I don't understand them. I know I'm paying more for things like apartment rent, student loan rates went up, and groceries are going up, but I don't know more more than that other than what my economist GF feeds me.
I often wonder how many of these people "can't make ends meet" own a $40k note on a vehicle or an obscenely expensive mortgage. I've done a pretty good job of living well off my income because my vehicle expenses are low. |
Originally Posted by TurboTim
(Post 790437)
The key is Two Incomes, No Kids.
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Originally Posted by y8s
(Post 790432)
to be fair, money is pretty cheap to borrow right now. no way I'd pay off my house early at 4.something percent interest.
Are you saying that the rates are so good that itd be stupid to pay off property early, or that you'd be stupid not to? We refinanced our property to a 4.25% 15 year fixed over a year ago, and are now in the middle of buying another investment property at another low 4% rate to rent out. Plan to re-fi that one to a high 3% 15 year as well when I can (I think you have to wait a year or something). Am I dumb for wanting to pay off all my properties fast and should invest the money elsewhere in the meantime? |
Save the few that were really laid off, weren't living beyond their means, and are in areas where cost of living is high and jobs are scarce...everyone crying about this economy is either retarded or a pussy.
Can't find a job? You're not looking...there are plenty...they're just different than what you've been doing. Can't pay your bills? You're living beyond your means. We have a 1400sq ft house with low interest and decent equity. No car note until I picked up the Mazda2, and only did that because it was 0% interest. No debt besides some small student loans I'm paying back each month to the tune of $600/mo. Wife and I both have mediocre paying jobs and we basically have an extra paycheck each month to tackle debt and save for the kid on the way. Live cheaply and enjoy life. Don't be fooled into thinking a bigger vehicle with options, or eating out every weekend night makes you happy. We spent 5hrs in the park Sunday walking, biking, and playing with our daughter. It was the most fun I had all week, and it cost us a couple of juice boxes and gatorades. |
We take in two paychecks, and live off one. The lower of the two. If you know me personally, you know I live on a tight budget and spend as little as possible. I have a food, gas, and fun budget each week. If we go over in food that week, we have to make up for it elsewhere, but keep in mind the amount that goes into savings never changes, once the money goes into to those accounts, it doesn't go back out.
Still, 10% unemployment is awful. god awful. |
Originally Posted by Braineack
(Post 790654)
Still, 10% unemployment is awful. god awful. |
Originally Posted by Braineack
(Post 790654)
We take in two paychecks, and live off one. The lower of the two. If you know me personally, you know I live on a tight budget and spend as little as possible. I have a food, gas, and fun budget each week. If we go over in food that week, we have to make up for it elsewhere, but keep in mind the amount that goes into savings never changes, once the money goes into to those accounts, it doesn't go back out.
Still, 10% unemployment is awful. god awful. Retirement? I'm just curious cause we do almost the same thing (but live off the bigger of the two) (I can take my answer "off air" if need be ;) ) |
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