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re: Who is the national market for $80k suv's?
Posted on 10/24/21 at 8:29 pm to tigerinthebueche
Posted on 10/24/21 at 8:29 pm to tigerinthebueche
quote:
Do you apply the same philosophy to your home?
I think the big take away from all of this is just because you can finance something does not mean you can afford it.
Raise your hand it you remember 2008.
Posted on 10/24/21 at 8:35 pm to NYNolaguy1
quote:Well absolutely.
I think the big take away from all of this is just because you can finance something does not mean you can afford it.
quote:Funny you should mention 2008.
Raise your hand it you remember 2008.
My step mother was absolutely allergic to debt of any kind. Which, frankly, served her and my father very well for most of their lives.
Then, in 2007, they moved to a community that was beautiful in Florida and paid a shade over 500K cash for a home. By the end of 2008, that exact model was selling on their street for $250K. The developer went bankrupt and the golf course fell into disrepair. The upgraded club house never materialized and in the end, they sold that home for just under $240K
A greater than 260K bath in their mid-60s.
I wanted to be mad at her but at the same time, I knew my dad was shite with money and the only reason they even had the 500K ish cash in the 1st place was her.
But still. It was stupid as frick
This post was edited on 10/24/21 at 8:37 pm
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