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Joined: Jun 2009
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'68 400 'vert If it's too loud, you're too old. 
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Joined: Aug 2003
Posts: 538
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Get the government out of the housing market and things like this will stop and the market will rebound pretty quickly.
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Joined: Jan 2002
Posts: 7,719
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Power Member
Joined: Jan 2002
Posts: 7,719 |
I just paid my mortgage off a couple of weeks ago. I'm getting off this amusement ride until I retire.
2012 Mustang Boss 302 #1918, Competition Orange. FGF replacement
2006 Mustang V6 Pony, Vista Blue. Factory ordered.
2019 BMW X3 (Titled to the wife, but I'm always driving it for her. So I'm claiming it)
Old projects, gone but not forgotten:
1967 FB 400, original CA car. After 22 years of work, trashed by the guy who was supposed to paint it. I had to sell it.
1980 Turbo Trans Am
1970 Mustang fastback, 351C 4Bbl, auto
1988 Mustang GT, 5 speed
1983 F-150 4x4, built 302
1994 Chevy K2500 HD 4x4, 454 TBI
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Joined: Nov 2006
Posts: 639
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This is were it all started, people putting little or no money
down on a house they can't affoard in the frist place. Then
if you can't pay your mortgage you just walk away, just like
renting. If you don't have anything invested up front it's
nothing more then renting in most peoples minds. Put 10 to 20%
down then you'll try to make it work.
Last edited by nofun; 05/07/11 06:58 PM.
to much of everything is just enough  
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Joined: Jun 2000
Posts: 20,054
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Joined: Jun 2000
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Im trying to convincethe wife to sell our home, pay off what little there is...buy another for half what we get, cash, pocket the rest for the raniy days coming = retirement
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Joined: Apr 2010
Posts: 6,758
FGF Premium Member
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FGF Premium Member
Joined: Apr 2010
Posts: 6,758 |
The only smart thing I did was to sell my house 6 months before the collapse. Has not regain it's resale value yet!
Engine Test Stand Playlist: https://www.youtube.com/playlist?list=PLwoxyUwptUcdqEb-o2ArqyiUaHW0G_C88restoring my 1968 Firebird 400 HO convertible (Firedawg) 1965 Pontiac Catalina Safari Wagon 389 TriPower (Catwagon) 1999 JD AWS LX Lawn tractor 17hp (my daily driver) 2006 Sequoia 2017 Murano (wife's car) 202? Electric car 203? 68 Firebird /w electric engine 2007 Bayliner 175 runabout /w 3.0L Mercuiser__________________________________________________________
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Joined: Jul 2010
Posts: 81
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Get the government out of the housing market and things like this will stop and the market will rebound pretty quickly. I believe that 100 percent. Had a coworkers daughter and husband bought a $250K house in Florida for no money down. The developer "gave" them 25K in equity. Well you guessed less than 2 years later they loss the house to foreclosure. This is what happens when people buy things they cant afford, and the government wants to make sure no one is disenfranchised and has their chance at the American dream. P.S. $250K did not even include an electric garage door opener. My friend bought one and installed it for them.
Last edited by isptech; 05/09/11 03:51 AM.
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Joined: Jun 2009
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P.S. $250K did not even include an electric garage door opener. My friend bought one and installed it for them.
$250K didn't get you much a couple years ago. It was like buying a new car. Only the necessities were included. Anything that could be remotely considered lavish, such as tile or wood flooring (which was a cheap laminate)came with a huge mark up.
Last edited by creekbob; 05/09/11 01:18 PM.
'68 400 'vert If it's too loud, you're too old.
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Joined: Jun 2000
Posts: 20,054
Administrator
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Administrator
Joined: Jun 2000
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and to think of it , my first house in a 'nice' neighborhood in Houston, I paid $13,400 for in 1970! lol
but of course cars were $1500-3000
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