Do you have a stock portfolio?

[General Zod]

The key is really #2. As long as you demonstrate an ability to consistently pay your debts, the CC companies will glad extend you more credit.

There are sites on the net that show where the breakeven point is with a house. For instance, if your rent is X and your mortgage is X, at what point does it make more sense to rent or buy. Generally, it's around 6 years. If you planon being in your situation for a while, you should lock down a mortgage. Rates are still quite low (4 and change). When we bought out house our rate was 7.875, so they will go back up and the difference in your payment is surprisingly substantial.

 

[NAD]

Well considering I've been renting the same place for over 6 years, and I still live within 15 miles from where I graduated college, apparently I am a bit rooted. If houses weren't so god damn expensive I would've bought by now, but that isn't likely to change really, so why fight it? I'll take $300,000 worth of debt and a side of tax write-off, please!

 

[General Zod]

Well considering I've been renting the same place for over 6 years, and I still live within 15 miles from where I graduated college, apparently I am a bit rooted. If houses weren't so god damn expensive I would've bought by now, but that isn't likely to change really, so why fight it? I'll take $300,000 worth of debt and a side of tax write-off, please!

I have a suspicion the real estate market is going to crash again. My theory is based solely on the size of the Baby Boomers compared to Gen X. The Baby Boomers are 4x the size of Gen X. When they begin to sell off their houses, and move to either retirement villages, assisted living communities or pass on, who is going to buy all these houses? Conversely, I think the opposite will happen to the job market. As the folks, often in executive positions begin to retire, there will be a derth of talent to replace them.

 

[Hell Mike]

Things to borrow money for:

* Studies
* Car
* House

Things not to borrow money for:

* Big ass TV
* Big ass stereo
* Big ass phone

 

[Reign in Acai]

I started up a 403(b) account last week, 6% to start, but contemplating upping it to 10% in order to catch up a bit. Bleh

 

[General Zod]

Just continue to move it up slowly. You'll soon stop missing the money in your paycheck.

 

[NAD]

Things to borrow money for:

* Studies
* Car
* House

Things not to borrow money for:

* Big ass TV
* Big ass stereo
* Big ass phone

I knew a guy who borrowed $70,000 to buy a Hummer H2 with Big ass TV screens in it. I don't mean the kind where you watch porn in your backseat, I mean the entire front dash was replaced by 3 Big ass monitors that controlled the vehicle. It actually had the majority of the windows completely blocked off by sheetmetal, and you used the 3 large touchscreens to navigate via cameras mounted on the back (and possibly sides). From what I understand it was repossessed a year or so after the initial "purchase" was made. I've known some really stupid people in my day.

EDIT: That didn't take long to find, although I had the screen count incorrect: http://www.truckinweb.com/features/0708tr_custom_hummer_h2/photo_08.html

Marvel in this brilliant design of no rear windows! Solid planning, safety first.

 

[dorian gray]

That's weird

 

[dorian gray]

Kinda boring too. If I was gonna blow 70 big ones it would be on a Jaguar or something supremely comfortable and classy

 

[dorian gray]

Id buy an awesome stereo on credit. Maybe even a tv to watch the World Cup on. I'm gonna die someday. Might as well enjoy it while I'm here. I give no fucks at all what happens to some bank that makes the bad decision to loan me the money.

This is hypothetical of course. I won't actually do those things....just making a point.

 

[Krilons Resa]

Id buy an awesome stereo on credit. Maybe even a tv to watch the World Cup on. I'm gonna die someday. Might as well enjoy it while I'm here. I give no fucks at all what happens to some bank that makes the bad decision to loan me the money.

This is hypothetical of course. I won't actually do those things....just making a point.

Since you won't actually do it, you have no point.

 

[Reign in Acai]

Most money I ever spent in one sitting is $4300 for the beater I'm still driving to this day. I'm financially responsible as fuck, almost to a fault.

 

[NAD]

Id buy an awesome stereo on credit. Maybe even a tv to watch the World Cup on. I'm gonna die someday. Might as well enjoy it while I'm here. I give no fucks at all what happens to some bank that makes the bad decision to loan me the money.

This is hypothetical of course. I won't actually do those things....just making a point.

I feel the exact same way. And then never buy the Jeep Rubicon either.

 

[dorian gray]

I'm still driving a 99 volvo that starts occasionally and a 150,000 mile subaru with a broken windshield

 

[Reign in Acai]

I forked over $10 to TransUnion tonight for a credit score. 812, heh.

I should have done this sooner, as some ebon* brute ganked my wallet well over a year ago.



*not confirmed

 

[Reign in Acai]

I thought I was paying for my FICO score, that score is from some new cockamamie credit rating system recently established called "Vantage". Well my wallet is now at a $10 disadvantage.

 

[NAD]

Discover gives you a free credit score every month now. I have an 832 which is fucking stupid. I should've bailed out and not paid a few debts by now, like everybody else on the planet. What a sucker I am, playing by the rules!

Also I have a meeting with my stockbroker today. I like having one of those because it makes me feel rich, even though I'm clearly not. Time to start investing in my retirement once again... 82 will be here before I know it.

 

[dorian gray]

at having a stockbroker! I picture you pulling up and getting out of the back of a Jaguar XJ

 

[dorian gray]

With a walking stick/cane

 

[ChaosLee]

I plan to die working and in debt. Preferably during the work week having just eaten an expensive lunch, dying before I pay the bill.