Most flagrant self masturbation session EVAR! Lol. Ridiculous.

 

I've seen this happen, and currently watching it happen aswell. Funny that you explained almos the exact situation.

 

If you carry any type of debt you are "their bltch till you pay it off".

Cracks me up how some people know every nut and bolt from the JDM catalog for S2000's but can't read and understand a financial newspaper. Or how Joe Six Pack will spend more time each month picking out a movie to go see rather than directing their beloved 401K's.

For the parents out there, how many have taught their kids how to invest and manage their cash? Yet these same people will send Jr. to work in HS flipping burgers to have pocket money to buy their own car. At the same time have never have taught them how to balance a checkbook. Most people will work about 45 years when they leave school so these parents think what the heck let them start earlier, WTF? These are people who should never have kids since they really could not afford them. We in the USA are rapidly becoming a nation of haves and have not's. My little boys are members of the lucky sperm club but they even at a very young age have to save some of their cash for some stuff. They also have to tithe at their Sunday School, we buy shares of kids companies that they help pick out. All this so when their trusts kick in they will be good stewards of their cash.

Here in the USA as long as Joe Six Pack has enough for his beer, big screen TV, SUV & boat he will be happy. It doesn't bother me at all as long as I'm insulated from their woes. Lifes not fair, we each make our own choices.

Damn I love sleeping in the morning while the wage slaves trudge off to work.

 

Other than a really huge pissing contest, this thread is completely pointless... smart people never talk about their financial situations, let alone publicly with complete strangers..

 

I'm not referring to you specifically.

Frugal = Cheap IMO.

I can think of a few reasons why renting may be a better option to buying...

- If you buy a house at the peak of a real estate boom and that housing bubble goes pop, you might be end up owning more than the value of your house. Its rare, but it can happen and its beginning to in Miami.

- If you make decent amount of money, say $75K per year, have a fairly nice car, nice clothes, go out, blah blah blah but rent. For this person, after all their expenses, it might be difficult to save up a huge amount of money for a down payment without making enormous sacrifices, like giving up that BMW for a used Hyundai or shopping for clothes at Walmart. They are stuck in a renter's revolving circle. Maybe he can buy a house but the only way is through "creative financing" like 0% down 110% interest only financing on a adjusting rate or a 50 year loan (yes they exist now). In this case, I think it is smarter to rent than to buy because when that interest rate goes up, the shit will hit the fan.

- In most cases, renting is a cheaper alternative than buying for the same property, if you only look at it from a monthly payment point of view.

 

[QUOTE=newspeed,Jun 2 2006, 03:28 AM]

Other than a really huge pissing contest, this thread is completely pointless...

 

Here's a link that might help you... http://www.google.com/search?sourceid=navc...=online+college

 

I didn't see anywhere in this thread where anyone was saying how wonderfull they were or how much they were worth?????

I was just curious how anyone could actually live so far beyond their means and not care.....and shared some examples.

I can't help that I actually have a positive net worth...

 

"LOOK AT ME. I DRIVE AN NSX AND YOU DON'T!!!"

- Scot



PS - I liked the other thread title better.

 

AHHAHAHAHAH..... losers.....