look what ups man dropped off !
you should come by and help me and chris with installs.
Frank, seriously, if you haven't started modding your car . . . Don't. It's a terrible waste of your money. Your money is better spent on something, which will yield a return for your future. Save for a decent and proper down payment for a house or another home. Invest in your future and not for short termed gratification. Be smart and think long term. 
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.
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.
I think this helps explain what happened, too:
http://ideas.blogs.nytimes.com/2009/...down-animated/
Great words of wisdom, Uncle Andy.
I think this helps explain what happened, too:
http://ideas.blogs.nytimes.com/2009/...down-animated/
I think this helps explain what happened, too:
http://ideas.blogs.nytimes.com/2009/...down-animated/
well at least i can say i am now more informed great link
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iTrader: (10)
Joined: Jul 2006
Posts: 3,942
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From: PNW in Washington
6MT Coupe
Yea I know 
My only excuse last two times was the stupid rain with tires on the insides basically little/no tread.
How u say...slip sliding around
More like Mr. Toads wild ride lol.
My only excuse last two times was the stupid rain with tires on the insides basically little/no tread.
How u say...slip sliding around
More like Mr. Toads wild ride lol.
My apologies to Kris. I inadvertently whored up his thread. I'm am quite passionate about you youngsters affording yourselves financial security. Nonetheless, I used the wrong platform.
Apologies to the nephew.
Apologies to the nephew.
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