I am always AMAZED at the garages full of expensive cars and toys and the houses

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Jan 20, 2023
9:51:34am

Doogal McCougar All-American

full of the best electronics throughout in just about every short-sale property I've looked at.

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Doogal McCougar

Previous username: boscatar
Bio page: Doogal McCougar
Joined: Jun 14, 2012
Last login: Jun 15, 2024
Total posts: 15,651 (1 FO)

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Messages

Author

Time

I've heard this explanation my whole life and it doesn't make sense to me.

Booya Grandma

1/20/23 9:38am

Parental bailouts

snowbird

1/20/23 9:39am

Not everyone but a lot of people are increasing salaries over the same time.

Soren Tversky

1/20/23 9:40am

Recently you could keep rolling debt into house payments. Yes the debt increases

johnnybyu

1/20/23 9:40am

Yep with interest rates being so low for so long and housing prices going up

sandtrapcougar

1/20/23 9:43am

Conversing with a UCCU exec about the record number of Helocs they have done

johnnybyu

1/20/23 9:47am

RE: I've heard this explanation my whole life and it doesn't make sense to me.

NarfUte

1/20/23 9:41am

I think you underestimate the ability to roll debts forward and the length of time they can be delayed…

Tokolosh

1/20/23 9:43am

People hide their other economic privileges, too.

ReiUrso

1/20/23 9:50am

I am always AMAZED at the garages full of expensive cars and toys and the houses

Doogal McCougar

1/20/23 9:51am

Have you ever considered that maybe you DON'T have a good idea what money others have?

kccougar

1/20/23 9:52am

Yes. All the time.

jxncoog

1/20/23 9:57am

Of course. The amount of money is irrelevant. I'm shocked that people either

Doogal McCougar

1/20/23 10:21am

I wonder how many are truly preparing for retirement

jxncoog

1/20/23 9:54am

Potential/likely inheritance absolutely will change behaviors.

Tokolosh

1/20/23 9:55am

I'm someone who has an inheritance coming. It does odd things to your planning.

ReiUrso

1/20/23 10:01am

Your planning approach matches ours.

jxncoog

1/20/23 10:13am

My parents told me they plan to spend it all and not expect anything.

NumbersGuy

1/20/23 10:38am

My good friend makes probably similar to what I make. But he buys way more

maxpowers

1/20/23 10:50am

My employees drive nicer cars than me - some make $25-$30/hr so I know their

BYUfan92

1/20/23 11:00am

Balance sheets are invisible. Momentum is fleeting. Eventually it all catches

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