By the time my Bronco gets built I'll be able to pay cash. The downside is people will probably be flying cars like the Jetsons by then.
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Oh yah?IAG and large investment firms didn't go broke because some poor people couldn't repay their loans.
Really? You may want to read some financial history books. AIG is not the same today as when I worked there. Lehman Brothers who? Countrywide Mortgage who? etc etcIAG and large investment firms didn't go broke because some poor people couldn't repay their loans.
I'm hoping the Electric Bronco is less than 3 years out. Then again, it'll be 20K more and that federal $7500 will have gone away by then.Inflation in general, including higher interest rates, gas prices, etc. I am not sure how all of you do it - affording mortgage, car payment for a 50K plus vehicle, insurance and the gas. I don't make a lot of income but saved and planned to get my Basesquatch cash outright and am going to most likely abort due to high gas prices and a long commute to work. So, no not the interest rates for me but high gas prices. Although I can pay cash for the vehicle, gas is an ongoing expense and I won't have the income to afford it.
Soo what you're saying is that those organizations didn't didn't make irresponsible bets and that the only reason they went broke is that some poor people didn't pay their loans after their interest rates went through the roof?Really? You may want to read some financial history books. AIG is not the same today as when I worked there. Lehman Brothers who? Countrywide Mortgage who? etc etc
So you're saying they didn't go broke because of their predatory lending practices and it was all the borrowers fault?!Really? You may want to read some financial history books. AIG is not the same today as when I worked there. Lehman Brothers who? Countrywide Mortgage who? etc etc
To add, I was working in the fortune 100 financial industry at the time, the bundling of all those great securities was the biggest pyramid scheme skirting regulations, it was pure monopoly money on the backs of a boat load of people. I survived up till beginning of 2009 then I was out of that sector for good.Really? You may want to read some financial history books. AIG is not the same today as when I worked there. Lehman Brothers who? Countrywide Mortgage who? etc etc
I'd like to know how you saved $40k in about 2 years on not much income.Inflation in general, including higher interest rates, gas prices, etc. I am not sure how all of you do it - affording mortgage, car payment for a 50K plus vehicle, insurance and the gas. I don't make a lot of income but saved and planned to get my Basesquatch cash outright and am going to most likely abort due to high gas prices and a long commute to work. So, no not the interest rates for me but high gas prices. Although I can pay cash for the vehicle, gas is an ongoing expense and I won't have the income to afford it.
All of the above and then some.Soo what you're saying is that those organizations didn't didn't make irresponsible bets and that the only reason they went broke is that some poor people didn't pay their loans after their interest rates went through the roof?
LOL, I have been saving for a lot longer than that. Bought and sold a few cars here and there before the pandemic, put my touch on them made a few hundred here and there. I have 20K for the Bronco and will get another 20 from selling one of my vehicles. I am a vehicle enthusiast, have all of my own tools and do mostly all my own work on my vehicles. Been doing car work since I was 16. I have a TINY garage- 20 X 22 but make the most of every square inch of space. I shop hard for the parts and get the best prices. And I don't spend any money except on cars and coffee. .I'd like to know how you saved $40k in about 2 years on not much income.
I need to follow your plan instead of what my spending has been like lately.
Youve got 40k+ in cash sitting around but cant afford gas? Maybe keeping 40k liquid over the last decade of growth wasnt the best ideaInflation in general, including higher interest rates, gas prices, etc. I am not sure how all of you do it - affording mortgage, car payment for a 50K plus vehicle, insurance and the gas. I don't make a lot of income but saved and planned to get my Basesquatch cash outright and am going to most likely abort due to high gas prices and a long commute to work. So, no not the interest rates for me but high gas prices. Although I can pay cash for the vehicle, gas is an ongoing expense and I won't have the income to afford it.
this post did not age well, lol.By the time my Bronco gets built I'll be able to pay cash. The downside is people will probably be flying cars like the Jetsons by then.