Interesting article from MSN about how people are going broke with car debt (hope this isn't old news).
http://articles.moneycentral.msn.com...&wa=wsignin1.0
Printable View
Interesting article from MSN about how people are going broke with car debt (hope this isn't old news).
http://articles.moneycentral.msn.com...&wa=wsignin1.0
I'm going broke from medical bills and the skyrocketing rent for my apt...:(
It's interesting how we can go broke by choice. We can spend HUGE amounts of money on things like a car, when we could easily choose cheaper forms of transportation (cheaper car, bike, bus, train). Then there are the things we don't GET to choose, like medical costs, higher rent (unless you live in a place where there is a cheaper housing choice), skyrocketing utility bills...Quote:
Originally Posted by KnottedYet
I have an '01 Ranger that cost me about 8k three years ago, I got rid of a 30k minivan to buy the Ranger...I found I was getting angry every single month when I wrote out that big check so decided to do something about it.
...and wool :p
Yes, I drive too. But when I first shopped for insurance (and getting ready to do that again, who do y'all like?) and they ask my odometer and how old the car is, average miles per year etc I have to repeat it several times. "no, it's not 77,000 per year (can people do that? :eek: ) that's over the life of the '99 vehicle"
Then explain "I take BART, my commute is to-from the station and in good weather I don't even do that, I ride my bike".
But I think of it as recreation, fun and an investment in my health.
Mine is my HOA. It's fun to try to sell a condo when the dues are $243 a month, and we're on year 7 of 5 digit assessments. UGH!
Good article. Glad I'm driving a paid for car:) Just wish I didn't have such a long commute - there is no alternative arrangement - I've looked!
Holy COW!!! $243 a month just for dues??? :eek: I guess I'm spoiled her in the middle of nowhere, my last mortgage was only $500 a month, and the new mortgage we're looking at is around $750.Quote:
Originally Posted by CA_in_NC
Then some of us drive 15 year old cars and buy expensive Italian bikes.
When I'm all through, the bike will be worth more than the car:eek: :eek: :eek: :eek: :eek: :eek: :eek:
They were 150 when we bought. We're talking about a small, modest condo here - we thought we were buying below what we could....Quote:
Originally Posted by Queen
HOA has been very badly managed, and the sellers made a bunch of misrepresentations about how things were going.....
I really feel for people in more expensive areas (e.g. DC, PNW) - I don't know how they make it!
When you put the Bike Fridays in my car, the value well more than doubles:D :D I kinda like it that way (though I'm starting to get the large firm pressure of you have to buy a nicer car to impress clients - my response - you can pay for it then...)Quote:
Originally Posted by mimitabby
There are some nice things about working in research and development, in a test chamber. The only car presssure going on around here is the guys seeing who can buy the biggest PU truck. and obviously, with my honda civic, i'm not in the competition!Quote:
Originally Posted by CA_in_NC
I have to say, I'm in awe of Geonz. I see her riding to work, play, out with friends, in every sort of weather...she's got this car-free thing dialed in!
I'm in awe of anyone who can go outside in the pitch dark and/or rain
and ride their bikes to work.
I am going broke on Orthodontia bills. Darn kids. ;)
Queen,Quote:
Originally Posted by Queen
I am seriously envious at your $750 mortgage. :eek:
I don't know anyone who pays less than double that amount in my area (triple is more common)! I've been shopping for an affordable condo for years and can't find anything under $650k. As it is, my rent-controlled apartment is $1200/mo. and well below market value.
Great article - thanks for posting it.
Wow! :eek: I thought the $651 mortgage I pay was a lot! I could not afford California.Quote:
Originally Posted by Bluetree