Best Jerks Ever Wrote:I love when they talk about all the "bailouts", financial crisis, bad mortgage loans, etc. (usually not really knowing what they are talking about) and then at the end of the segment complain about all people who shouldn't have been given home loans because they shouldn't have qualified, and then.....

First commercial (in GR) is a particular mortgage company saying get a loan from them if you have been turned down by everybody else, cuz they will approve you.

I know they need to make money, and they are a sponsor, but can you at least not play that DIRECTLY after complaining about people who get loans that shouldn't.

potthole Wrote:I'm willing to guess that they don't choose what commercials will go on and when.

cuppie Wrote:We get Dave Ramsey up here in Grand Rapids too. He talks about no credit cards. He also talks about no mortgages if you can do it, but realizes that it's not going to happen. 99.9% of people are going to need a mortgage. His advertiser for mortgages is a company that he personally endorses and recommends everybody use because they're a company that will tell you honestly if you can afford a house or not.

On a side Dave Ramsey not, I have one more loan to pay off and then I owe nobody but Sallie Mae and it's going to be great.

fetusfacedwindbag Wrote:

cuppie Wrote:We get Dave Ramsey up here in Grand Rapids too. He talks about no credit cards. He also talks about no mortgages if you can do it, but realizes that it's not going to happen. 99.9% of people are going to need a mortgage. His advertiser for mortgages is a company that he personally endorses and recommends everybody use because they're a company that will tell you honestly if you can afford a house or not.

On a side Dave Ramsey not, I have one more loan to pay off and then I owe nobody but Sallie Mae and it's going to be great.

Be careful what you say here. I got into that position too. I paid school off, my car, ALL credit card debt, etc. My reward was going to be the 42" LCD TV that I've been waiting for for so long. Instead my reward was a failed transmission.... I'm now back to square one, and I had to put the tranny on my credit card because I attacked my debt before saving up an emergency fund.

I'm only 25 though, so I have plenty of time.....just wanted to complain. ;D

potthole Wrote:

fetusfacedwindbag Wrote:Be careful what you say here. I got into that position too. I paid school off, my car, ALL credit card debt, etc. My reward was going to be the 42" LCD TV that I've been waiting for for so long. Instead my reward was a failed transmission.... I'm now back to square one, and I had to put the tranny on my credit card because I attacked my debt before saving up an emergency fund.

I'm only 25 though, so I have plenty of time.....just wanted to complain. ;D

I feel your pain. We're not anywhere near paying off my student loans or our newly-acquired mortgage, but as fate would have it, the day after we got possession of the home - BAM - here comes over a grand in car repairs that need to be done.

Allyson Wrote:Don't even get me started on student loans. Between my boyfriend and I our student loans cost about 1.5x our rent.

The bf likes to tie up his savings in the stock market, mine are in a high-interest savings account. While he'll earn more in the long run (maybe), his funds won't be readily available if he needed them immediately.

fetusfacedwindbag Wrote:

Allyson Wrote:Don't even get me started on student loans. Between my boyfriend and I our student loans cost about 1.5x our rent.

The bf likes to tie up his savings in the stock market, mine are in a high-interest savings account. While he'll earn more in the long run (maybe), his funds won't be readily available if he needed them immediately.

Liquidity vs. Return.... it's a biotch.

Allyson Wrote:

fetusfacedwindbag Wrote:Liquidity vs. Return.... it's a biotch.

Yea, his idea of liquidity is Grandma. Lazy irresponsible sack of crap.

Allyson Wrote:

fetusfacedwindbag Wrote:Liquidity vs. Return.... it's a biotch.

Yea, his idea of liquidity is Grandma. Lazy irresponsible sack of crap.

hotzester Wrote:Titan had to put a tranny outfit on his credit card once too.

jvanderwall Wrote:Actually Arbor Mortgage isn't any different then a bank because all they are is a broker who simply does the same things the bank does (FHA loans have requirements which borrowers have to meet) The real problem is the people who can't plan far enough ahead to pay their mortgage and the people who feel they are entitled to get a loan for a home they can't afford.

Howie Feltersnatch Wrote:It's also societies fault for making people want and buy houses they can't afford

Admin Wrote:I just want to say that I love Plungie's avatar.

hotzester Wrote:A) How is it society's fault?

B) Assuming you're right, and society is to blame, did society sign the contract at the time of sale? Even if society makes you WANT something, it is ultimately YOU who does it.

Quote:Sounds good on paper, but that is not the world we live in and you know that. The USA has been dumbed down to the lowest common denominator, the TV.
"got to keep with the Jones', no matter the cost"

hotzester Wrote:

Quote:Sounds good on paper, but that is not the world we live in and you know that. The USA has been dumbed down to the lowest common denominator, the TV.
"got to keep with the Jones', no matter the cost"

So I bought a home to keep up with the Joneses? Or did I buy a home because I wanted to plant roots, start a family, and have an investment? For me, it was the latter.

Second, for those of you who may think society made you buy a house, are you willing to share any of the equity you accrue over the term of your mortgage? Or are you only blaming society when it goes poorly?

hotzester Wrote:I agree that too many people behave irresponsibly and act like idiots when it comes to money, but what I disagree is that it's someone else's fault. If society is to blame, and we all live in the same society, why are only SOME people affected by it? Surely a society powerful enough to make someone want to go a quarter of a million dollars into debt is powerful enough to influence more than just a select few.

Couldn't it just be that those people are immature and
irresponsible?

hotzester Wrote:So it's NOT society?

PS - Great avatar, btw.

hotzester Wrote:The retards who don't pay their bills.

EDIT: I left a word out. I meant to say the SAME people who don't pay their bills. These are the people who need to go to places like that. They don't save any of their money, they spend it impulsively, which leads them to debt. The businesses you mentioned merely capitalize on a behavioral pattern. Businesses that spring up without knowing whether or not there's a pre-existing market aren't going to stick around long, so it's unlikely that the businesses that cater to the clients pre-dated the clients themselves.

hotzester Wrote:I don't know about GR either. I live just north of Albany, and we don't have ANY of those. (But I've seen them in my many adventures to other places.)

fetusfacedwindbag Wrote:

potthole Wrote:I feel your pain. We're not anywhere near paying off my student loans or our newly-acquired mortgage, but as fate would have it, the day after we got possession of the home - BAM - here comes over a grand in car repairs that need to be done.

Well I was fairly lucky when it comes to my student loans. I worked two jobs all during college to pay for school as I went, so I only had to pay off the last semester (which I decided to take easy and only work one job during). I only had about $6K to pay off when I graduated in December. It was funny how it worked. I paid everything off one Friday about a month or so ago, and the following week was the week that my car decided it was in its best interest to not work any more.