07-19-2009, 05:52 PM
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#1 (permalink)
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A True Z Fanatic
Join Date: Feb 2009
Location: Texas
Posts: 30,879
Drives: 370z
Rep Power: 4211
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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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We are in this financial crisis because the government went and forced banks to give bad loans on homes. Taking a loan on things is NOT bad if you understand the factors involved. Such as with a car, it will depreciate over time, a home will slowly increase yet you must invest into it.
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