how much debt you owe? now with POLL

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valtopps

Senior member
Feb 7, 2010
203
3
0
my God how do you people sleep. thats some insane debt.
guess what coming soon, CHRISTMAS and more debt heheheh.
marry Christmas everyone
 

jhu

Lifer
Oct 10, 1999
11,918
9
81
$2,385,896.73

It'll take me a few years to pay off all of these bad investments - stupid housing bubble. Should've sold everything before the crash...
 

Ronstang

Lifer
Jul 8, 2000
12,493
18
81
I like how 32% are completely debt free. Must be nice to be in your late teens/early twenties and have a couple houses paid for.

What are you babbling about? Not everybody is a debt monger. I am 47 and have never owed a dime in my life except if you count the house mortgage I took out on a house to live in while I was in graduate school....but I could have bought the house with cash. I worked and paid for both my college degrees. I have always bought my cars with cash, new and old. I just don't believe in debt unless you consider a month's worth of gas on a credit card actually debt. I pay those off every month and always have since I got the cards in college 25+ years ago.

Some of us were raised right and taught to be net savers. I had more in my retirement investments when I was 30 then most people have when they are in their 50's if the data I have seen lately is actually true. I have always lived well below my means but since I buy wisely it actually seems to some as if the opposite is true. The nice thing is now at 47 I can basically do whatever I want, even though I don't.
 

valtopps

Senior member
Feb 7, 2010
203
3
0
What are you babbling about? Not everybody is a debt monger. I am 47 and have never owed a dime in my life except if you count the house mortgage I took out on a house to live in while I was in graduate school....but I could have bought the house with cash. I worked and paid for both my college degrees. I have always bought my cars with cash, new and old. I just don't believe in debt unless you consider a month's worth of gas on a credit card actually debt. I pay those off every month and always have since I got the cards in college 25+ years ago.

Some of us were raised right and taught to be net savers. I had more in my retirement investments when I was 30 then most people have when they are in their 50's if the data I have seen lately is actually true. I have always lived well below my means but since I buy wisely it actually seems to some as if the opposite is true. The nice thing is now at 47 I can basically do whatever I want, even though I don't.


im also 47 bought my house when i was 23 paid in 15 years. paid cash for my wife's cars but my trucks i would take a loan out business expense (i own my own business) and depreciation. had a lot of money saved then 2 years ago wife left me for someone else lost a ton of money. but got 2 great kids out of that deal. but im debt free

1981 z-28 camaro. its sweet bought it in 83 still looks the way the day i bought it
 
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alkemyst

No Lifer
Feb 13, 2001
83,769
19
81
how many of you are leaving out getting seeded with trust accounts or coming into inheritance?
 

rcpratt

Lifer
Jul 2, 2009
10,433
110
116
how many of you are leaving out getting seeded with trust accounts or coming into inheritance?
Or you know, some of us just don't dig the hole in the first place.

Not that I won't be mortgaging a house if/when I decide to start a family or something. But I certainly won't be financing any cars.
 
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SandEagle

Lifer
Aug 4, 2007
16,809
13
0
im also 47 bought my house when i was 23 paid in 15 years. paid cash for my wife's cars but my trucks i would take a loan out business expense (i own my own business) and depreciation. had a lot of money saved then 2 years ago wife left me for someone else lost a ton of money. but got 2 great kids out of that deal. but im debt free

1981 z-28 camaro. its sweet bought it in 83 still looks the way the day i bought it


interesting how your tone and grammar changes. at times you try hard to sound like an immigrant, other times its..well, like above.

WWYBYWB?
 

alkemyst

No Lifer
Feb 13, 2001
83,769
19
81
Or you know, some of us just don't dig the hole in the first place.

Not that I won't be mortgaging a house if/when I decide to start a family or something. But I'll be putting way more down than most.

That wasn't the question...those that are bragging of owning their homes free and clear and buying a ton of cars.

I was able to buy a home in a nice area at 23 with $40k down, clost to 40% back in 1995. My first 7 years of college between CC and University of Florida 'cost' me $7k in debt by the time I was done.

My second time at college at 30 was over $30k.

Where are you living now though and why do you need a family to own a home?
 

rcpratt

Lifer
Jul 2, 2009
10,433
110
116
That wasn't the question...those that are bragging of owning their homes free and clear and buying a ton of cars.

Where are you living now though and why do you need a family to own a home?
Well that wasn't really the question either, but it's far more clear now.

I'm renting and I don't need a family for a home, but I'm not in any rush to buy a home with just me. I would eventually either way, but not soon.
 
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alkemyst

No Lifer
Feb 13, 2001
83,769
19
81
interesting how your tone and grammar changes. at times you try hard to sound like an immigrant, other times its..well, like above.

WWYBYWB?

I have been wondering that too. He is very non-consistant and constantly putting down anyone but "whites", yet doesn't seem to be one.
 

Harrod

Golden Member
Apr 3, 2010
1,900
21
81
55k on mortgage, can't wait until this thing is paid off, I hate owing money, even if the interest is tax deductible.
 

ric0chet06

Senior member
Jan 11, 2007
789
0
71
$0, own my truck, will inherit a bunch of houses/rentals, so no major payments for me. I'm not the type to go out a buy something on payments, if I don't have the cash I won't buy it. I don't get people who buy brand new cars off the lot and still go to college.
 

nageov3t

Lifer
Feb 18, 2004
42,808
83
91
I like how 32% are completely debt free. Must be nice to be in your late teens/early twenties and have a couple houses paid for.
/non-home owner

I accept the reality that owning a home in my area on a single-family income is not a practical idea and thus avoid mortgage debt.

home values would have to rise exponentially for it to be worth it over renting when you're looking at 400k for a starter home (vs 800-1K/month in rent for a decent place)... what I pay in rent is about equal to what my parents have to pay in property taxes alone on their place

my sister and her husband individually make about the same as me. they bought a house a couple years ago (3 bedrooms, older home. nothing extravagant) and have been living paycheck-to-paycheck since. they'd be fucked if one of them lost their jobs and couldn't find a new one immediately. I couldn't imagine living like that.
 

alkemyst

No Lifer
Feb 13, 2001
83,769
19
81
$0, own my truck, will inherit a bunch of houses/rentals, so no major payments for me. I'm not the type to go out a buy something on payments, if I don't have the cash I won't buy it. I don't get people who buy brand new cars off the lot and still go to college.

the uber wealthy usually still finance things...paying cash is considered very 'new money'.

The thing I don't get is once you look at what many with no debt are bragging about you begin to see in most cases a 30 year old double wide and a mid 70's beater. They have no debt because they can't get credit nor have the funds to afford anything.

I am going to have a mortgage for a while, but by next October should be debt-free as far as credit.
 

Zebo

Elite Member
Jul 29, 2001
39,398
19
81
About 250K on house. House is worth about 550. That's it. No student loans. Pay off CC every mo and all other bills.

I used to owe over 1.5M but I was a home builder and had lots of houses out there. 4-5 at a time. Got out in 07 right as SHTF but many of my friends/colleagues lost their own homes with personal guarantees.

You get one chance - don't fuck up.
 
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