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Barry posted:I just noticed she was perma-banned. RIP indeed. At least everyone is saying she needs to sell the house, which is pretty much the only option, unless the son/daughter is will to subsidize her payments. Renting out a house seems like a bad idea unless Mom can afford to make her own repairs and deal with the general upkeep and hassle of renting.
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Feb 26, 2018 21:12
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| # ? Jun 4, 2024 11:33 |
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Living way out in the sticks earning a good income with near zero expenses is miningtown.txt There's a reason all the guys out there buy expensive motorcycles/boats/guns/guitars/ATVs/trucks/etc. What else are you going to do out there in the kind of place that has a two screen movie theater just two hours down the highway? (I lived in a place like that for a summer and it was rad as hell. A+ would recommend)
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Feb 26, 2018 21:16
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Why not just use the $100,000 life insurance payout as a down payment to refinance the rest of the mortgage. Even at 5% a 15-year loan on the $70,000 balance would only be $554/month which should be doable. E: oh well unless she needs to retire sooner than 15 years from now, but a 10-year mortgage would still just be $742
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Feb 26, 2018 22:14
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Feb 26, 2018 23:12
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EAT FASTER!!!!!! posted:What an interesting and different perspective. I’m more confused by him saying his Volvo gets hosed up by the bad roads. Are the Volvo XC series more lip service to softroading than other brands?
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Feb 26, 2018 23:52
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22 Eargesplitten posted:I’m more confused by him saying his Volvo gets hosed up by the bad roads. Are the Volvo XC series more lip service to softroading than other brands? It's fine on a normal maintained dirt road like in the Northeast, South, Midwest, etc but if you're out in the type of place that he is, dirt roads are going to be rough and it's body-on-frame vehicle time.
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Feb 27, 2018 00:04
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I didn’t know that. I always took my Subaru (RIP) up two-tracks and rocky forest service roads without worry, although obviously if there was a big rock in the road or something like that I went around it or put my wheel over it because I’m not an idiot. I didn’t realize the unibody construction would be an issue. Does that mean the new F-150s are screwed too, or are they specially made?
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Feb 27, 2018 00:28
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The new F150 is still BOF
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Feb 27, 2018 00:34
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I thought you were wrong, but looking around I guess the whole hubbub about it was people not realizing the article in question was an April Fools Day joke and it spread all over the place secondhand. I know you were some sort of vehicle inspection guy in a past life, but I’m skeptical that unibody is a serious problem in anything but extreme off-roading. As in giant boulders and going over tree trunks. Plenty of people doing stuff short of that in unibody SUVs. I’m biased being from CO. Everybody from a warm state comes here and thinks they need a giant truck with duallies for the snow or to go into the mountains.
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Feb 27, 2018 00:53
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Gws and ai in the same day, we're doing our own mini forums tour right here
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Feb 27, 2018 01:51
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https://www.reddit.com/r/personalfinance/comments/80feu1/car_payment_is_stopping_me_from_getting_my_own/quote:So I have a $570 car payment every month. I live rent free with my uncle and all I have to pay is the electric bill. I want to get my own place as soon as possible but this car payment is really dragging me down. Yeah, dad, this was such a "good deal". I really feel bad for this guy getting taken advantage of by his own extremely BWM father like this 
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Feb 27, 2018 02:23
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Guinness posted:https://www.reddit.com/r/personalfinance/comments/80feu1/car_payment_is_stopping_me_from_getting_my_own/ Dad thought it was a was a good deal because they were giving him a loan, and he has taken every loan he has ever been offered.
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Feb 27, 2018 02:31
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22 Eargesplitten posted:I thought you were wrong, but looking around I guess the whole hubbub about it was people not realizing the article in question was an April Fools Day joke and it spread all over the place secondhand. If the dude is ranching he is literally driving on dirt roads or no roads over half of the time, thats a pretty different use case than fuckface mc idiot driving to Eagle
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Feb 27, 2018 02:40
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Guinness posted:https://www.reddit.com/r/personalfinance/comments/80feu1/car_payment_is_stopping_me_from_getting_my_own/ drat near $26k in principal for a "lower end" Hyundai Tucson, lmbo. Even if you decide to do the ultra-moronic thing and buy a brand new car; why buy such a piece of poo poo? And for so much?
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Feb 27, 2018 04:13
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Is buying a brand new car really moronic? Seems more along the lines of "first class plane ticket" or "renting apartment with extra bedroom" than it does "Horse wedding" or "Money bonfire"
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Feb 27, 2018 04:17
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It's not a great decision financially. The "ideal value" for a car is 2 or 3 years old, because most of the really extreme depreciation is gone, but the car is still probably in pretty good shape and so the cost of ownership hasn't jacked up yet. Of course it goes without saying DON'T BUY A USED RENTAL. Actually as I'm reading more about this, it sounds like probably any car built after 2012 (new safety features) is going to have low total cost of ownership and depreciation is going to be more than the cost of operation every year. https://cars.usnews.com/cars-trucks/what-is-the-best-age-and-mileage-for-a-used-car EAT FASTER!!!!!! fucked around with this message at 04:32 on Feb 27, 2018 |
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Feb 27, 2018 04:27
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Anything beyond living in someone else's spare closet and eating out of a bakery dumpster is a financially suboptimal luxury according to many posters itt.
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Feb 27, 2018 04:31
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hailthefish posted:Anything beyond living in someone else's spare closet and eating out of a bakery dumpster is a financially suboptimal luxury according to many posters itt. Once you make $100,001 you can go ahead and splurge though.
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Feb 27, 2018 04:31
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GoGoGadgetChris posted:Is buying a brand new car really moronic? Seems more along the lines of "first class plane ticket" or "renting apartment with extra bedroom" than it does "Horse wedding" or "Money bonfire" He makes 20k, a new car is definitely an unaffordable luxury. Spending around 1/3 of your monthly income on a car qualifies for money bonfire. Mediocre car BWM makes me sad, like when someone “splurges” on something boring like this Tucson. You can lease a decent Civic/Corolla for less than $200 a month. If you must buy there are plenty of lightly used Hondas/Toyotas out there.
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Feb 27, 2018 04:43
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Meh if you're buying an econobox, the price difference might not be worth the peace of mind the warranty brings. The delta between used and new cars is not nearly as high as it used to be, and the interest rates are significantly higher on used cars.
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Feb 27, 2018 04:45
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I mean, yes, this particular situation where someone spent a bunch of money they don't have to buy a brand new 'meh' car is definitely dumb as hell, but you know how this thread gets sometimes.
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Feb 27, 2018 04:48
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KYOON GRIFFEY JR posted:If the dude is ranching he is literally driving on dirt roads or no roads over half of the time, thats a pretty different use case than fuckface mc idiot driving to Eagle I was just saying that I have kind of a kneejerk reaction to people saying they need a truck unless they immediately follow it with "to haul a bunch of poo poo." I was under the impression he was doing forestry, so living in a region with poor roads but driving agency vehicles for work. If he's actually ranching and driving across fields regularly, fair point.
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Feb 27, 2018 05:08
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My wife's much younger cousin has been living with us and driving a shitbox Nissan her father, who sells cars for a living, somehow sold her for $5k. Being a shitbox, she recently discovered it's burnt up all it's oil at the same time she took a promotion that doubles, if not triples her commute. So the car issue is pretty fresh in our discussions. She SHOULD buy a 4 or 5 year old car, but financing that might be a problem. She's also going to put a lot of miles on the car between work and school and needs something reliable with a warranty. So it can pay to go new. She should get a base model Mazda 3 that will take up about 40% of her income increase with this new position. What she will probably buy is a Ford Mustang, because no 21 year old has ever purchased a reasonable car and then she will never ever move out of my house.
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Feb 27, 2018 14:45
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John Smith posted:Order a big bundled meal set, eat what you feel comfortable with, and then store the rest for subsequent meals. Space Gopher posted:Of all the posters who'd pull the Lucille Bluth "how much could a I myself average around $9.68 across all meals for CY2017. (USER WAS PUT ON PROBATION FOR THIS POST)
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Feb 27, 2018 14:45
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Krispy Wafer posted:My wife's much younger cousin has been living with us and driving a shitbox Nissan her father, who sells cars for a living, somehow sold her for $5k. Being a shitbox, she recently discovered it's burnt up all it's oil at the same time she took a promotion that doubles, if not triples her commute. So the car issue is pretty fresh in our discussions. I can vouch for the Mazda3, it is fun, comfy, and great on gas. With a commute like that she needs a Mustang like she needs a hole in her head. Have you made plans for where/how you will dispose of her body when she comes home with a pony car?
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Feb 27, 2018 15:19
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John Smith posted:What are you being butthurt for? The posters here at BFC are quite well-off and since FrozenVent can afford it, why are you so annoyed what someone else is spending his money on? Worried that he is making under 100k annually? No one gives a gently caress about your self posting in this thread. Never have, never will.
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Feb 27, 2018 15:19
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FrozenVent posted:Meh if you're buying an econobox, the price difference might not be worth the peace of mind the warranty brings. The delta between used and new cars is not nearly as high as it used to be, and the interest rates are significantly higher on used cars. It really really depends upon the specific car, for mass production economy sedans yeah the depreciation curve has become extremely linear. The Honda Fit is the best example of this that I am aware of.
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Feb 27, 2018 15:32
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Krispy Wafer posted:My wife's much younger cousin has been living with us and driving a shitbox Nissan her father, who sells cars for a living, somehow sold her for $5k. Being a shitbox, she recently discovered it's burnt up all it's oil at the same time she took a promotion that doubles, if not triples her commute. So the car issue is pretty fresh in our discussions. Jesus, no, she can definitely finance a late model used car.
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Feb 27, 2018 15:33
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John Smith posted:What are you being butthurt for? The posters here at BFC are quite well-off and since FrozenVent can afford it, why are you so annoyed what someone else is spending his money on? Worried that he is making under 100k annually? Wait is that all meals out, or all meals? Do you just not cook?
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Feb 27, 2018 15:38
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therobit posted:Wait is that all meals out, or all meals? Do you just not cook? If you don't engage him maybe he'll go away
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Feb 27, 2018 15:40
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please knock Mom! posted:If you don't engage him maybe he'll go away Awwww, look at you.
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Feb 27, 2018 15:41
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KYOON GRIFFEY JR posted:It's fine on a normal maintained dirt road like in the Northeast, South, Midwest, etc but if you're out in the type of place that he is, dirt roads are going to be rough and it's body-on-frame vehicle time. Also every single Volvo XC replacement part costs [comparable old pickup truck part + $1,000], so it's not a car you really want to beat the poo poo out of
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Feb 27, 2018 15:42
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howdoesishotweb posted:No one gives a gently caress about your self posting in this thread. Never have, never will. therobit posted:Wait is that all meals out, or all meals? Do you just not cook?
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Feb 27, 2018 15:48
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KYOON GRIFFEY JR posted:Jesus, no, she can definitely finance a late model used car. It can depend. Depending on her credit and any financing deals, it can be hit or miss which option is better. Definitely something to consider, but I get wet for manufacturer warranties so that's always going to be my preference.
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Feb 27, 2018 15:55
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Put John Smith on ignore and move on with your life.
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Feb 27, 2018 15:58
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Hey, he is producing thread content. I am usually the first to tell him to leave if he's being a jerk but this time he is sharing a BWM detail. Dude never cooks, and averages $10/meal eating out. Which is low if you are in San Francisco (BWM) and high anywhere else.
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Feb 27, 2018 16:08
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KYOON GRIFFEY JR posted:Jesus, no, she can definitely finance a late model used car. Do banks even finance anything used under $10k or for less than 4-5%? https://www.truecar.com/used-cars-for-sale/listings/year-2010-2013/?page=3&sortOrder=PRICE_ASC I look at this search and I see a lot of cars that are going to need significant maintenance items soon if they don't already, and I'm guessing a person who needs to finance any of these cars is not doing that work on their own and they can't afford to have it in the garage for a couple days. A brand new Honda Fit is $16k, a Mazda 3 is $18k, someone with decent credit should be able to get around 2%, and the dealer usually throws in at least a couple free maintenance visits. If you go in with a decent down payment and get good financing with the intent of driving it until the wheels fall off, I can see the value in buying new, especially if any downtime is going to break you.
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Feb 27, 2018 16:11
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NancyPants posted:Do banks even finance anything used under $10k or for less than 4-5%? Not really, no. Collateral is huge with auto lending. We like to know that if something happens we can repo the car and sell it and know what we will get for it. The older it is, the harder that becomes.
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Feb 27, 2018 16:20
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therobit posted:Hey, he is producing thread content. I am usually the first to tell him to leave if he's being a jerk but this time he is sharing a BWM detail. Dude never cooks, and averages $10/meal eating out. Which is low if you are in San Francisco (BWM) and high anywhere else. $10 doesn’t even cover the tip on a dinner worth going out for.
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Feb 27, 2018 16:24
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is buying a car with 0 apr bwm
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Feb 27, 2018 16:26
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