Atlanta officer shooting

[texassapper]

Originally Posted by Lucas McCain

She is 100% correct. You should be laughing at yourself for your complete lack of financial knowledge. Or please explain to me how paying interest on debt benefits anyone financially as a gain and not a loss. Don't bother trying because you can't.

You avoid as much debt as you can to keep a good credit score and to keep from paying interest. It's that simple. This shit is not rocket science.

Technically debt is not necessarily a bad thing. It's just a risk. A loan to buy rental property is using debt to build equity in property using other peoples money (renters). As long as I can cover the carrying costs in the event I can't find a tenant, debt is not a bad thing. It provides leverage.... but you need cash to obtain the credit...

[texassapper]

Originally Posted by Randall Creed

Rent in a crappy 2-br apartment in your average sized town can be $7-800 a month. A couple years later, it balloons up to $1,000 or more.

There are places here in ATL that go for $1,800 a month. This is $22,000 a year going into something that you don’t own, and won’t ever own.

By the time they’re done raising your rent , and other cost of living, over a decade, it’s threatening $300,000.

How does that stack up against lawn maintenance, HOA fees, or an occasional home repair?

Oh, btw, you can’t pass down an apartment lease to your survivors.

Then you should save until you get 20% down for a starter home. Or serve your Country and get 0% VA loan. Every time you have an excuse why you can't I can show you how you can.

But blacks aren't interested in joining the white middle class. They should because I would hope they want better for their kids than they had... but if that were true, fathers day wouldn't be the most confusing day in the ghetto.

[Grace Preston]

Originally Posted by friendly fred

I cannot argue with that. I feel the same way and have no debt of any kind.

Why not a private school then?

Actually toyed with the idea... however, all... and I do mean ALL of the private high schools in Cincinnati are Catholic.. and my kiddo didn't see the point. He was going into his junior year when I got this house and figured he'd just let them throw him into dual credit. He's going to graduate about 8 credits shy of an associates degree, for free.



Now, had he been a more marginal student in need of more help, I would have forced the issue. But.. he's a strong student who enjoys school in general and is loving being in college. Next year-- he only has to set foot in the high school to turn in his college registration papers and to graduate.

[Grace Preston]

Originally Posted by texassapper

Then you should save until you get 20% down for a starter home. Or serve your Country and get 0% VA loan. Every time you have an excuse why you can't I can show you how you can.

Don't even need 20%.. there are several programs out there where you can buy with 0-3% down. You just need to have clean credit. Not even a great score-- just a score that lacks any collections aside from medical.



I can't speak for DFW right now because I know home prices have gotten ridiculous.. but here in Cincinnati-- a person who makes 36K with low to no debt load can buy a nice house in the 150k range.

[Randall Creed]

Originally Posted by texassapper

You haven't made a single salient point other than at one point, Banks wouldn't let blacks buy homes in white neighborhoods. We get it. That was also fixed by the Courts and that's why it's now ILLEGAL. What else you got that 's legal discrimination that hasn't been halted by the courts?

If America is so racist why do blacks have to keep manufacturing fraudulent racial events. Jussie I'm looking at you... as well as that recent NASCAR bullshit.

You keep thinking you're so smart, but you wouldn't even pass philosophy 101 with your pathetic arguments. Again just another part of the problem.. you've been told your special and you're not.... so you have this outsized expectation with what YOU DESERVE.

In reality you are deserving of only that which you create.

Lol.

Dude, if I were you, I’d edit the hell out of this bullshit post, or delete it altogether.

[Grace Preston]

Originally Posted by flappygilmore007

This is not true at all.

Sure.. you can leverage investments with debt... but if the market collapses, your ass is out in the breeze.


Most people my age... at BEST... have at least 10 more years on their mortgage-- assuming they bought young and never moved. I have a lot of years where I can max out my contributions in addition to having additional funds to throw into investments. I won't be eating cat food in my 70's.

[Randall Creed]

Fwiw, cat food comes from most of the same sources our [processed] food comes from. It’s just in a different can.

[Grace Preston]

Originally Posted by Randall Creed

Fwiw, cat food comes from most of the same sources our [processed] food comes from. It’s just in a different can.

FWIW-- I don't eat anything processed anymore. Haven't since my first go-around with cancer. If I can't find it in the produce, meat, or dairy section, I don't buy it.

[flappygilmore007]

Originally Posted by Lucas McCain

She is 100% correct. You should be laughing at yourself for your complete lack of financial knowledge. Or please explain to me how paying interest on debt benefits anyone financially as a gain and not a loss. Don't bother trying because you can't.

You avoid as much debt as you can to keep a good credit score and to keep from paying interest. It's that simple. This shit is not rocket science.

Making interest payments on time increases your credit score dude. Point is, having no debt is not the quickest way to wealth. I would gladly pay 6% on debt for an investment to make me 20%. Ever heard of hard money lenders? You think Trump got rich buying things all cash?


On another note, she is making a great point about home ownership being a path to financial freedom. What group of folk did the US Gov block that path for? Can't remember...

[friendly fred]

Originally Posted by Grace Preston

Actually toyed with the idea... however, all... and I do mean ALL of the private high schools in Cincinnati are Catholic.. and my kiddo didn't see the point. He was going into his junior year when I got this house and figured he'd just let them throw him into dual credit. He's going to graduate about 8 credits shy of an associates degree, for free.



Now, had he been a more marginal student in need of more help, I would have forced the issue. But.. he's a strong student who enjoys school in general and is loving being in college. Next year-- he only has to set foot in the high school to turn in his college registration papers and to graduate.

Sounds like you worked it all out - good job!

[Chung Tran]

Originally Posted by Randall Creed

Lol.

Dude, if I were you, I’d edit the hell out of this bullshit post, or delete it altogether.

why would you do that if you were him?

[Randall Creed]

Originally Posted by texassapper

Then you should save until you get 20% down for a starter home. Or serve your Country and get 0% VA loan. Every time you have an excuse why you can't I can show you how you can.

But blacks aren't interested in joining the white middle class. They should because I would hope they want better for their kids than they had... but if that were true, fathers day wouldn't be the most confusing day in the ghetto.

Yeah, see you almost want to say something cool and with some semblance of intelligence. But then start spiraling downward with your idiocy again.

Nobody WANTS to be poor, genius. I'm sure most apartment dwellers want to get out. But it's difficult. Like I said, rent keeps going up (while salaries don't). Then they tack on all these bullshit fees associated with buying a house. Oh, btw, you have to qualify for VA loans and other so called assistance programs. Not everyone does.

I think many of you really underestimate how poor poor people are. I saw some stat about how a certain percentage of Americans can't even cover a $400 emergency.

People gotta pay their rent, first of all. For many, that completely obliterates their paycheck...meaning they're spending north of 50% in some cases. Then there's food, utilities, gotta have a phone, car, insurances, etc...other bills here or there. They've got kids, many of them. That means daycare, since both parents need to work (and skip any Covid comments, because it's only been going on a couple three months). I could go on and on about life expenses. I'm sure you get the point.

You may not be a racist (though it's debatable), but OTHERS ARE. Just like, ohhh, one guy may not be a rapist, but OTHERS ARE. The point being, they don't abide by any sense of morality or fairness. They do things by design, to disrupt the lives of others, And, they do it in a way that they can get away with it for as long as possible. No rapist OPENLY RAPES people. By that same token, no racist openly operates as a racist. They use laws, and data, and algorithms, and have similar minded people as a think tank to help them pull it off their devious schemes. They'll do it as long as they can get away with it. If no one ever stops them or holds them accountable, they'll just keep doing it.

Either you pretend to not know this stuff, or you're just not as smart as I want to give you credit for. You act like everything was instantly cool in 1865, and hand shake and no hard feelings. Hey, blacks...sorry about that. But it's all good. We'll get you set up and on your feet in a couple weeks. 40 acres, a mule. The whole nine.

For 160 years, there's just not been enough commitment to fixing things. Just keep kicking the can down the road.

But I'm done talking in circles. I've given this too much attention as it is.

[Randall Creed]

Originally Posted by Chung Tran

why would you do that if you were him?

Oh, you mean other than his post being bullshit??

[Chung Tran]

Originally Posted by Randall Creed

Oh, you mean other than his post being bullshit??

yeah.. the tone of your post suggested you expected something bad would happen to him, if he didn't retract what he said.

[Wile E Coyote]

Originally Posted by Chung Tran

yeah.. the tone of your post suggested you expected something bad would happen to him, if he didn't retract what he said.

I don't think that playing the race card works on the moderators here like Creed thinks it is supposed to work in real life society.