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Auckland, NZ has a crazy property market at the moment. It's in a big growth phase, and potential bubble, while the rest of the country is doing mediocre. Some of the auctions are going over what the property value is, significantly if they are in a good area. Although the sales could attract bargain hunters unwilling to pay much for the properties. I'm betting a number of the owners lose out because they didn't sell it themselves.
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Mar 31, 2015 02:36
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Veskit posted:Today at work next to my pod I overheard "I need to take out a 401k loan" , but I didn't get the rest of the story because my gut told me to scream "WHAT" and that's exactly what I did. I found out the rest of the story. Her tax return didn't come fast enough and she blew too much money at the casino with her dad.
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Mar 31, 2015 02:40
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Veskit posted:I found out the rest of the story. Her tax return didn't come fast enough and she blew too much money at the casino with her dad. Well at least she'll be able to pay the loan back when the refund comes, right? right...? 
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Mar 31, 2015 02:54
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Comrade Flynn posted:In October of 2014 my emotionally unstable mom bought a frozen yogurt establishment with the prospects of hiring a manager and making money without doing anything. People in the US are really enamored with the idea of spending 100k to purchase their very own minimum wage management job. Or is that an international trend?
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Mar 31, 2015 05:30
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Veskit posted:I found out the rest of the story. Her tax return didn't come fast enough and she blew too much money at the casino with her dad. My favorite times with my mom have been in a casino. I feel bad for people that sit around and talk about work and kids with their parents.
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Mar 31, 2015 05:32
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BossRighteous posted:People in the US are really enamored with the idea of spending 100k to purchase their very own minimum wage management job. Or is that an international trend? Food-related businesses get the worst of it because it's so easy to romanticize. You don't see people rushing to open their own office supply stores or whatever, at least not to the same degree as coffee shops/food-trend chasing shops/restaurants. Office supplies are boring, but everyone loves food! Then people actually open a place and realize that running a restaurant is loving hard work, doesn't pay as well as they thought it did, and has trouble attracting new customers over the 100 other restaurants already established in the area.
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Mar 31, 2015 07:22
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Buying a restaurant is really the next logical step after completing a PhD in social studies and having a giant student loan. If the restaurant becomes successful then you need to take so much money out of the business that you can't pay any creditors. Then fall behind in taxes and have the IRS seize the business and continue operations until the tax bill is paid. This is the American Dream that Hunter S. Thompson went in search of but didn't find it.
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Mar 31, 2015 07:45
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http://www.everycarlisted.com/drivingzone/on-the-road/america-loves-pickup-trucks-an-analysis-of-vehicular-spending-across-the-u-s Truck Equity mapped.
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Mar 31, 2015 09:23
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Jack2142 posted:http://www.everycarlisted.com/drivingzone/on-the-road/america-loves-pickup-trucks-an-analysis-of-vehicular-spending-across-the-u-s According to that map, I am sort sort of Altimancer. Wherever I live, Altimas rule the landscape.
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Mar 31, 2015 09:41
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Washington is lower than I would have figured considering the tech industry but I guess East of the mountains is pickup land.
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Mar 31, 2015 12:18
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Love how Wyoming has the highest rate of spending by a wide margin. What's the deal?
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Mar 31, 2015 12:56
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What I found interesting is that the two poorest states by median income (West Virginia and Mississippi) are near the top in car spending. http://en.wikipedia.org/wiki/List_of_U.S._states_by_income I guess this is how these people STAY poor, by living the truck equity American dream.
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Mar 31, 2015 12:59
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Chuch posted:What I found interesting is that the two poorest states by median income (West Virginia and Mississippi) are near the top in car spending. As a lifelong resident of West Virginia, I can attest to this.
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Mar 31, 2015 13:10
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Not a Children posted:Love how Wyoming has the highest rate of spending by a wide margin. What's the deal? Maybe some tax quirk combined with a population of super affluent vacationers/second homeowners in a tiny state
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Mar 31, 2015 13:16
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Not a Children posted:Love how Wyoming has the highest rate of spending by a wide margin. What's the deal? If I had to guess, one of the highest percentages of population in ranching, actually needing real honest to god heavy duty work trucks with various towing/suspension packages?
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Mar 31, 2015 13:18
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SpelledBackwards posted:If I had to guess, one of the highest percentages of population in ranching, actually needing real honest to god heavy duty work trucks with various towing/suspension packages? That, and people keeping up with the Jones'.
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Mar 31, 2015 13:44
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Is Wyoming also an oil field state? A bunch of young dudes with little to no university education all making huge dollars in towns without some of the usual financial trappings for disposable income (read: women), or at least from what I understand about it.
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Mar 31, 2015 16:13
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pig slut lisa posted:Well at least she'll be able to pay the loan back when the refund comes, right? right...? The tax return came in on time so she didn't have to take the loan. My disdain though did not contribute to her decision, it was just luck in the end.
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Mar 31, 2015 17:18
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Chuch posted:What I found interesting is that the two poorest states by median income (West Virginia and Mississippi) are near the top in car spending. It never ceases to amaze me how many brand-new crew cab F150s, F250s, Z71s and Rams I see parked in front of trailers in the country. Just.... 
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Mar 31, 2015 18:21
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More from Reddit, this time from /r/AskReddit: "What 'being an adult' skill have you most aggressively avoided learning?": Top 11 highest-voted answers, bad-with-money highlighted:
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Mar 31, 2015 20:42
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) (+1318 points)
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why would you care about gas prices outside of the biggest decision you make (your car purchase) and whether or not you can afford to fill the tank? everything else seems to be hemming and hawing & wasting time counting pennies.
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Mar 31, 2015 20:48
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FormatAmerica posted:why would you care about gas prices outside of the biggest decision you make (your car purchase) and whether or not you can afford to fill the tank? it's a special case of "Small talk", it is very important and grown up to have banal conversations in which you say things like "those gas prices, drat huh?" and the other guy nods in agreement
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Mar 31, 2015 20:50
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Oh...that. I prefer the weather & stuff going on around town.
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Mar 31, 2015 21:47
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I actually feel bad for this guy, despite his clear attempt at insurance fraud http://www.reddit.com/r/personalfinance/comments/30ik8t/car_loan_totaled_vehicle_carrying_liabilityonly/ reddit guy posted:Hello Redditors,
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Mar 31, 2015 21:48
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I love it. What "advice" could he possibly receive that would help his situation? These are the posts where they're just screwed and they need a place to vent their woes.
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Mar 31, 2015 22:24
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Considering the fraud, could they just void his liability policy and tell the concerned party to come after him? Or was the fraud technically committed after the accident, so that wouldn't be possible?
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Mar 31, 2015 22:35
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Radbot posted:Considering the fraud, could they just void his liability policy and tell the concerned party to come after him? Or was the fraud technically committed after the accident, so that wouldn't be possible? They would have to honor his policy as written at the time of the accident; the attempt at fraud would be a separate criminal matter and will undoubtedly get his insurance dropped
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Mar 31, 2015 23:13
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LeeMajors posted:It never ceases to amaze me how many brand-new crew cab F150s, F250s, Z71s and Rams I see parked in front of trailers in the country. 
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Mar 31, 2015 23:50
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This person may actually have a decent job and a hot wife... Life is weird/cool.
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Apr 1, 2015 00:49
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The Mandingo posted:I actually feel bad for this guy, despite his clear attempt at insurance fraud Loss of good paying job=instant financial hardship. My favorite kind of bad with money.
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Apr 1, 2015 08:16
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Lemmi Caution posted:Loss of good paying job=instant financial hardship. My favorite kind of bad with money. One of the replies was a good endorsement of having un/underinsured driver insurance as well quote:Yeah your hosed. But i feel for you. I was hit by an uninsured drive while stopped at a red light. Just outside of my job. This was 6 months ago. Still out of work. My car was financed. My insirance company paid the loan off. I didnt see a dime. Still out of work. Still no car. And my short term disability is out. I also live about 25 miles from my job. Yet they got another location less then 5 miles from where i am currently living. Since i had to move cause i lost my house due to this. My job is basically tellin me to go gently caress myself as far as transferring. Well, that and an emergency fund, but I still really feel for the guy.
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Apr 1, 2015 08:24
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Pompous Rhombus posted:One of the replies was a good endorsement of having un/underinsured driver insurance as well What kind of loving cold blooded company does this guy work at?
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Apr 1, 2015 10:12
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Nova Scotia you're loving letting me down here.
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Apr 1, 2015 14:17
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Jeffrey of YOSPOS posted:it's a special case of "Small talk", it is very important and grown up to have banal conversations in which you say things like "those gas prices, drat huh?" and the other guy nods in agreement It also depends a bit on where you live and how gas is priced. In Canada, we do everything in litres and it isn't uncommon to see a jump in the posted price of ten or more cents. Ten cents per litre is about 38 cents per gallon, so knowing when and where to buy gas can save you an appreciable amount of money per month.
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Apr 1, 2015 14:52
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That guy probably paid cash for that and modded it, since it's a much older Dodge. I'm talking straight, off-the-lot-temporary-tags-in-place-60k$-truck sitting in front of a single wide that is falling apart. Fix your goddamned house first, dipshit. The pull of a pickup truck in the South is apparently insatiable. I've owned two, but they were small (Tacoma), fit my needs and were under 20k. I drive a 4800$ 16yo 4Runner I paid cash for now and I can afford to live in a house that isn't falling apart. It isn't rocket science. Car status is a real thing, and I can't imagine how many little kids go without because their dipshit parents want to drive a NICE NEW RAHD instead of taking care of them.
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Apr 1, 2015 15:45
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I bought a 2003 GMC Sierra 2500 HD with full towing/suspension package for $2000 (in cash) last year. Good with money y/n?
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Apr 1, 2015 17:17
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Gothmog1065 posted:I bought a 2003 GMC Sierra 2500 HD with full towing/suspension package for $2000 (in cash) last year. Good with money y/n? Is this where the humblebrags start again? Sounds like a good deal to me, unless the truck was trashed. Those were good years for GMC's.
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Apr 1, 2015 17:29
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Pompous Rhombus posted:One of the replies was a good endorsement of having un/underinsured driver insurance as well This is one of those rare cases I would advocate suing.
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Apr 1, 2015 18:26
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OneWhoKnows posted:This is one of those rare cases I would advocate suing. Doesn't do you any good if the irresponsible douchebag doesn't have any recoverable assets.
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Apr 1, 2015 18:43
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The Mandingo posted:Is this where the humblebrags start again? Sounds like a good deal to me, unless the truck was trashed. Those were good years for GMC's. With my mounds of other stupid poo poo I've done not quite. I know it was an amazing deal, that's why I didn't let it go, it's been a great truck. Now as for my other two car payments and other mounds of stupid debt 
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Apr 1, 2015 18:51
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