Community Lounge, Introductions and General Discussion Discussion, What does your house look like? in General Discussion; Originally Posted by Rolex
JCM and Destroyer I agree with you both. I have a very close friend that I ...
JCM and Destroyer I agree with you both. I have a very close friend that I attended residency with that has an enormous house, nice cars, and tens of thousands of dollars in credit card debt. He has to work as a traveler to make enough money to get by, yet he and his wife continue to buy and buy....on credit. I believe he will always live this way, and it defies reason. It's like a sickness.
See, thats what I'm talking about. My cousin is the same way. He just bought a pretty big house (3500 sq ft), 2 new cars costing over $30k each and he did it all with 100% financing. He actually did an 80/20 loan on the house with prepayment penalties and 7 year arm loan. I think he's f'ing crazy. Its just him and his fiancee what does he need 5 bedrooms for?. What good is all that when you constantly have to stress about the payments?. I'd rather live in a smaller home and drive older payed off cars than be in that stressful situation. My cars are all older. Between the wife and I we drive a '91 Fleetwood Brougham, '98 Deville, and a '97 Mercedes S320. They are not new but they are paid for. A lot of people I know are just not prepared to deal with an emergency which would mean time out from work. Miss a few payments on the house or cars and its lights out man.
A lot of people I know are just not prepared to deal with an emergency which would mean time out from work. Miss a few payments on the house or cars and its lights out man.
Sounds like your cousin and my compadre may be the same guy. Another problem this guy has is he has paid himself ZERO dollars in the 2 years he's been out working. So in addition to being in the highest tax bracket, he's not putting any pre-tax money away. Not smart.
mean a cashiers check for the amount of my home. Not a briefcase stuffed with the cash. 05-02-06 09:11 PM
I liked the image of you toting a black bag filled with small unmarked bills. Very Soprano.