You can all laugh at me now

by **Jaybot** » Apr 6, 2003 @ 8:16pm

Moose, you're a jackass if you honestly believe any of the above crap you're spouting off.

Go buy a house.

Or a car.

Daddy can't buy you everything.

Well, actually, I take that back. I'm sure he might be able to. But not everyone has your dad.

by **Mike Bannick** » Apr 6, 2003 @ 9:34pm

by **Jaybot** » Apr 6, 2003 @ 10:13pm

by **Mike Bannick** » Apr 6, 2003 @ 10:19pm

by **Courtney White** » Apr 6, 2003 @ 11:40pm

by **sandmann** » Apr 7, 2003 @ 1:43am

People usually don't [believe in credit] until they are out on their own and need to buy something soon (ie, when the market is good) but can't afford it YET. Examples: house, car, etc.

by **James S** » Apr 7, 2003 @ 2:23am

Website · by **Paul** » Apr 7, 2003 @ 2:30am

by **James S** » Apr 7, 2003 @ 2:39am

by **damian** » Apr 7, 2003 @ 2:43am

I still don't get it... let's say a family needs a house and doesn't wish to keep on paying rent. Then what?

Besides, what's wrong with buying things without credit when done responsibly?

by **James S** » Apr 7, 2003 @ 2:46am

They have things called morgages. When you buy a house, you can put a 10 or 20% down payment on it and then get a morgage on the rest of the house that you pay off later. That way you do own the house, the previous owner gets the money from said morgage, and you pay off the morgage until it's done. That's the way most home sales work.

by **damian** » Apr 7, 2003 @ 2:52am

Yeah, but still you don't technically own all the money to back the house.

by **James S** » Apr 7, 2003 @ 2:55am

But it's yours until the bank reposes, and atleast you're not riding on credit, you have some material object owned. Just in this case instead of money it's the asset of the realestate that you have the morgage on. So you do OWN it, it's not riding on thin air.

This is getting technical now. I'll just say "you win" from now on... American Dreams is on, too

by **damian** » Apr 7, 2003 @ 3:02am

Wow, it's amazing how pm comes to an almost complete standstill when you don't post.

You can all laugh at me now

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