look what ups man dropped off !
Registered User
Joined: Jun 2003
Posts: 5,197
Likes: 1
From: Modesto, CA
Frank, the best thing that I can tell you via this platform is . . . Do not create needs for yourself, which are not beneficial towards your future or needs which will encumber your future.
Edit: And do not listen to people whom do not have your best interest in mind. That's to go without saying. However, some people do fall prey.
Edit: And do not listen to people whom do not have your best interest in mind. That's to go without saying. However, some people do fall prey.
Frank, the best thing that I can tell you via this platform is . . . Do not create needs for yourself, which are not beneficial towards your future or needs which will encumber your future.
Edit: And do not listen to people whom do not have your best interest in mind. That's to go without saying. However, some people do fall prey.
Edit: And do not listen to people whom do not have your best interest in mind. That's to go without saying. However, some people do fall prey.
No, not for the informed and cautious people, it's not. As an example . . .
Look at our current banking/home ownership situation. People were foolish enough to believe that they could get something for next to nothing with regard to home mortgages. They believed mortgage lenders and what the lenders were peddling and jumped into a "False Security" mode. They believed that regardless of their qualifications were, at the time, that they could participate in home ownership. The Lending institutions were a self serving brood and a small group of people, unfortunately bought into it. Do we seriously think that at the end of the day, after all of the docs were signed or even prior to then, that these people had no idea of the risk involved . . . Come on. Nothing is for FREE! Where did the best interest lie?
In the meantime the surge in home buying activity drove prices up to new artificial record highs. Especially, here in California. One again, the foolish people, whom had purchased their homes through tradition down payments of some 20 to 25%, were sitting quite pleased with the increasing values of their homes. In turn, they decided to cash in and opted to extend themselves by pulling equity out of their homes. Well, the rest is history. Some made out like bandits and the rest are suffering the consequences of champagne wishes and caviar dreams. The lending institutions tossed temptation o to the masses and some were foolish enough to forsake their future financial security and feed on the BS. Where did the best interest lie?
The good news is that the prudent citizens are bailing out the misinformed/greedy people via the bailout/stimulus packages.
Where does everyone think these monies are coming from? They are being bleed out of our retirement, pension plans, homes, etc., which many have worked quite hard to acquire over the years.
So to sum it up, If it walks and talks like duck. It most likely is a duck. Don't be foolish enough or be tempted to test your luck. It's bound to come back and bite you in the A$$.
For you youngsters, heed the words of this stuffy old timer. They are relative to everything which you will encounter in your daily lives.
Registered User
iTrader: (10)
Joined: Jul 2006
Posts: 3,942
Likes: 7
From: PNW in Washington
6MT Coupe
Originally Posted by Andy2434
.......
For you youngsters, heed the words of this stuffy old timer. They are relative to everything which you will encounter in your daily lives.
For you youngsters, heed the words of this stuffy old timer. They are relative to everything which you will encounter in your daily lives.
