slightlyhuman
Lifer
- Oct 9, 1999
- 19,632
- 38
- 91
Originally posted by: Doggiedog
Originally posted by: MySoS
The funeral post made me think about this. I find it strange how so many people are in debt. My family (parents) is low income, yet we have 0 debt. We are able to buy new cars, and make home improvements up front in cash. So I don't see how if my parents who are poor can afford to do things like paying for a 25,000 car up front, and buy a new $15,000 roof up front with in a years time. Why do middle class families have to take out loans and such. Why are so many middle class families in debt. What are they spending their money on. I think the problem is people spend more then they have. That is why I think the idea of a morgage on a house, or a loan is stupid one. Just paying for everthing up front. That way you won't be in any debt.
Where the heck do you live Mr. Moneybags?
In the NYC area, you can't buy a decent house for less than $400k. If you want a 2 bedroom apartment in Manhattan, you're looking at $500k+.
dear God... that is so crazy to even think about that. 500k here in arkansas would get you a very very nice house in an awesome neighborhood.