ST Alpha - "Do *not* do that. 37k in debt is no joke. (nm)" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Login
Create Account

Search Dr. S. Talk
TT/ST Wiki
How Well Do You Know ...

RSS Feed

Hosting by DigitalOcean

Support ST on Ko-Fi

Down to Post

Backboards:

Posts: 160

In response to "No that makes sense and I didnt see that. I do sort of want to keep a little of the 18K to put aside" by Capstern

Do not do that. 37k in debt is no joke. (nm)

Posted by musubi Aug 12 '11, 13:46

.

Responses:

Well if you add the cars and houses its 400K - Capstern Aug 12, 13:49 47
- 70K worth of cars?????? - groiny Aug 12, 13:52 19
  - ~30-35K, assuming the $400K includes the $37K of cc debt -- nm - Roger More Aug 12, 13:53 18
    - That sounds about right a little under 30 on the wifes A6 and 8K on my A4 -- nm - Capstern Aug 12, 13:57 17
      - really? you thought that was a good idea? (sorry, i sound bitchy, but debt doesn't go away by magic.) -- nm - Andie Aug 12, 14:00 2
        
        Which part was good idea? I know I have been working my ass off for 3 year to get this under control - Capstern Aug 12, 14:05 1
        
        the part about buying cassie a 30K+ car. so unnecessary. that's 30K you have to pay off eventually, you know? - Andie Aug 12, 14:08
      - Okay, I'll bite...is she paying for the A6? - Will Hunting Aug 12, 13:59 13
        
        At the time we got it was a great car for us to go DOWN to 1 car. Yes she works - Capstern Aug 12, 14:08 5
        
        I'm not saying, is it useful...cuz really, it's an A6 -- there are other options that are equally useful for less. -- nm - Will Hunting Aug 12, 14:13
        
        question, seriously: after her car payments, insurance, gas, and maintenance, how much does Cassie take home? - Andie Aug 12, 14:11 1
        
        When that is your job you do. Shes been a nanny for 10 years. She work for executive families and so - Capstern Aug 12, 14:14
        
        ....and is made of solid gold, with ruby encrusted steering wheel. - groiny Aug 12, 14:10 1
        
        Here I will explode your head - we DID NOT get it new but new the MSRP on that car was 58,750 -- nm - Capstern Aug 12, 14:16
        
        I am baffled. nm -- nm - groiny Aug 12, 14:00 6
        
        You're talking to a guy who's idea of splurging on a car now is a Hyundai Accent - Will Hunting Aug 12, 14:03 5
        
        we had to get a 'new' car last december. we bought a 2004 grand am. now, it had super low mileage so it's in great great shape. - Andie Aug 12, 14:05 2
        
        Once these cars are paid off I will use my work connections and software to find best options for us (but Audis only) -- nm - Capstern Aug 12, 14:11
        
        [deleted]
        
        well, I have always had a car payment, so that does not bother me. - groiny Aug 12, 14:04 1
        
        We consolidated to that car in 2008. And it was used and will last a long time. I figure - Capstern Aug 12, 14:10
- Plural? House(s)? -- nm - Will Hunting Aug 12, 13:52 18
  - Yes I have an investment property in Colorado (I have had same renter 6 years but lose about 200 a month on it - the HOA) -- nm - Capstern Aug 12, 13:52 15
    - I know some other posters here are being a bit harsh, but this post is puzzling. $200 a month over six years is $14,400. - David Aug 12, 13:56 5
      - I owe 120K on the property its worth 85K, I keep the rent at a place where I know the guy will stay. I write the loss off on the property. - Capstern Aug 12, 14:01 1
        
        Fair enough. My suggestion would be to put out feelers on that guy taking over the mortgage payments or finding someone who would. -- nm - David Aug 12, 14:02
      - Raise the rent a bit. Rent should go up every year, not once every 6. And I freaking rent. -- nm - MDH Aug 12, 13:58 1
        
        my rent hasn't gone up in five years *knock wood* - moles Aug 12, 13:59
      - I suppose, conceivably, the HOA fee was not as high when he first rented the place out ... -- nm - Beryllium Aug 12, 13:57
    - have you not raised their rent during that time? -- nm - b. Aug 12, 13:55
    - see, this is dumb. you are throwing $200 out the window every month. -- nm - Andie Aug 12, 13:54
    - "hey, looky here. your rent is gettin raised the fuck up" -- nm - moles Aug 12, 13:54 2
      - there are usually laws against sudden jumps - but those laws also allow for gradual increases -- nm - Beryllium Aug 12, 13:55
      - Exactly. -- nm - Will Hunting Aug 12, 13:54
    - So you've lost $14,400K on your investment in the past six years? -- nm - Beryllium Aug 12, 13:54 2
      - If you count the market I have lose about 54K since the place is worth about 40K less than what I bought it for -- nm - Capstern Aug 12, 14:18
      - it'd be less than that with tax incentives, but yeah that's not good. -- nm - Reagen Aug 12, 13:55
    - So, you bought a house for investments, you've seen it drop 30% in value and you're okay with losing money on the rental? -- nm - Will Hunting Aug 12, 13:54
  - Maybe one is an income property or something -- nm - Beryllium Aug 12, 13:52 1
    - If it's an income property, it's not exactly in the same class of 'debt'. -- nm - Will Hunting Aug 12, 13:53
- All the more reason to not do it. (nm) - musubi Aug 12, 13:51
- OFFS. - groiny Aug 12, 13:50 6
  - Cappie's debt ceiling is rising like a hot air balloon! -- nm - Spawn Aug 12, 13:56
  - eh, I have over 300k in debt if you include my house - Reagen Aug 12, 13:52 4
    - [deleted] 1
      - sure. - b. Aug 12, 14:00
    - Mortgage on a place you're living in is a housing expense, not exactly the same class as a debt ... -- nm - Beryllium Aug 12, 13:54
    - exactly. -- nm - b. Aug 12, 13:53

Post a message top

Replies are disabled on threads older than 7 days.