Instead of hijacking a thread lets make our own...
How far up to your ass are you in debt are you?
How close are you to filing for Bankruptcy.
How many of you borrow from Mom and Dad because you are sorry as hell and have to drive that car that sounds like a pissed off bumble bee?
Originally Posted by Spott:
Other than my house payment I have none. I've been looking into the legalities of buying a home with cash because the market is so low and either short selling my current home or letting them foreclose on it.
Don't let them forclose, if you do they determine how much you owe when they sell it, if you short sell you do. [Reply]
Originally Posted by R8ers:
I will start the thread
0 Mortgage debt - Cardboard boxes are cheap these days
0 Consumer debt - On food stamps and shops at Goodwill
0 Car payments - Car is up on blocks, but at least you don't owe anything
Originally Posted by warispeace:
I still have ~70K left on the house and ~20K on the car. Those are my only debts. I hope to be free and clear by age 40 and retired by 55.
Well, it can be done......
Faster if you sell that car and buy one you can afford to buy cash... [Reply]
Mom gave me the house I grew up in. It is paid for.
Im so god dam lucky. After the bottom fell out of the housing market. Well I would be living in a rusty van down by the river. I hope new housing market changes soon [Reply]
I/we feel like a mountain of burden has been lifted from our shoulders. Feel like we can breathe a little, and can see the light at the end of the tunnel.
2008-Nov 2010 was a BITCH for us. holy crap.... [Reply]
Originally Posted by R8ers:
Well, it can be done......
Faster if you sell that car and buy one you can afford to buy cash...
Although I agree that would make sense financially, when I bought it I planned on driving it till the wheels fall off. It should be the only car I buy for a LONG time. [Reply]
