Quote:
Originally Posted by Roo
Wow, this is exactly why we are in this financial crisis. I would get use to saying 'Would you like fries with that'.....
BTW I am only 27. I own 2 houses, 3 cars all paid off, motorcycle paid off, boat paid off and carry zero debt except the mortgage on my second house and I reside in Southern California.
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Agree with your premise but not your delivery. Stinks of bragging to me.
Big deal, I financed my Z. I have enough stashed away to buy it cash (or pay it off if I need to), but my rate of return on my stash has so far been +25% which even factoring in interest on the Z is +20%. It made more sense to finance for me. Ever think of that? Thats how banks make money, borrowing short and lending long + pocketing the difference. Works the same for us, the smart ones who dont over extend themselves anyway.
ETA: I see no recovery in the next 5 years and things actually getting worse, devolving into societal breakdown.