5Oyr mortgage option for drivers?

[DriveInDriveOut]

I don't know the answer to that one.
The interest on a 50 year loan would be astronomical

Buying something with today's dollar and paying it back with the value of the dollar 50 years from now.... what's inflation running at right now?

 

[IVE GOTTA PACKAGE 4U]

Buying something with today's dollar and paying it back with the value of the dollar 50 years from now.... what's inflation running at right now?

Good point

 

[silenze]

Buying something with today's dollar and paying it back with the value of the dollar 50 years from now.... what's inflation running at right now?

That only works if your wages keep up with inflation. Which never happens

 

[Over70irregs]

That only works if your wages keep up with inflation. Which never happens

Dollar will be toast by tnat time.

 

[DOK]

View attachment 391154

So I wonder what the secret is to buying real estate in these expensive real estate markets, how does the average wage earner do it. Someone reveal the hack.

 

[IVE GOTTA PACKAGE 4U]

So I wonder what the secret is to buying real estate in these expensive real estate markets, how does the average wage earner do it. Someone reveal the hack.

I don't know

 

[Over70irregs]

Have your credit tight. It is a premium leverage hold today. A job at Brown is another plus on the stability side. Cut debt. Continue to stack cash. Watch car debt it’s a biggie. Prices are falling and will continue to fall. Printer will go brrr again they have no choice. Wait for it….

 

[Wally]

50 year mortgage, thanks Biden.

 

[Over70irregs]

Lol. Study

 

[wilberforce15]

Stop buying mcmansions

There are McMansions in safe neighborhoods. Or there are regular houses in places where you'll get raped or robbed.
Those are the only houses available within an hour of work for me.

I'll take the McMansion.

 

[Over70irregs]

There are McMansions in safe neighborhoods. Or there are regular houses in places where you'll get raped or robbed.
Those are the only houses available within an hour of work for me.

I'll take the McMansion.

McMansion getting cheaper

 

[Dhydratd]

. …Watch car debt it’s a biggie.

This is key!
My wise father once told me “If you pay more than $500/month for something it better have a sidewalk leading up to its front door.”
I took his advise and have never spent more than $25k for a new car. $237/month for my Tacoma was the highest my car payments ever got and I paid it off early. Both of our cars are paid off now and have been for over 5 years.
I hear some of these young drivers in my center now talking about $600-$800 car payments and I just cringe!

 

[Over70irregs]

This is key!
My wise father once told me “If you pay more than $500/month for something it better have a sidewalk leading up to its front door.”
I took his advise and have never spent more than $25k for a new car. $237/month for my Tacoma was the highest my car payments ever got and I paid it off early. Both of our cars are paid off now and have been for over 5 years.
I hear some of these young drivers in my center now talking about $600-$800 car payments and I just cringe!

Guys with high car notes don’t hold long on strike lines. They crater. Take note…….

 

[PT Car Washer]

Guys with high car notes don’t hold long on strike lines. They crater. Take note…….

That was one of the reasons delivery drivers used when they crossed the line in 97. While PTers walked the line.

 

[Over70irregs]

That was one of the reasons delivery drivers used when they crossed the line in 97. While PTers walked the line.

I’ve talked to union reps about pushing savings program deductions. Or have endorsed credit unions setup outside hubs for payroll deductions. Let the word get out we are preparing our members. All I got were blank stares. That’s when I knew it was fixed and done. Go enjoy your management LV golf buddies. ….

 

[Over70irregs]

Any drivers in TX?

 

[Next Day Error]

That $700 truck payment would do major damage applied to your mortgage principal.

Yeah but without a new R A M how would I showcase my ultra-superior masculinity?

 

[UnionStrong]

That was one of the reasons delivery drivers used when they crossed the line in 97. While PTers walked the line.

Not too many PTers walking the line in 97 where I was.

 

[PT Car Washer]

Not too many PTers walking the line in 97 where I was.

In my Local the PT Union members shared picket line duty with the FT members.

 

[Over70irregs]

Not too many PTers walking the line in 97 where I was.

I was there brother. Didn’t know what I was doing but I was there.