Welcome to the IHoP

[Godsmack 361]

fucking hungry..............not anything i want to eat tho LOL

[///M5 2,833]

I feel that way regularly.

[dem beats 1,223]

Good morning Hop.

In my quest for the perfect car on a whim I stopped at a lexus dealer and drove an ISF... nice little car but I think it's about 7-10k over priced. Really quick though.

[Aaron Clinton 2,372]

It just got 4th out of 4 in a comparison in C&D I believe.

[Penguin4x4 1,761]

It just got 4th out of 4 in a comparison in C&D I believe.

I told you to wear that lacy thong, but would you listen to me? noooooooooo

[Aaron Clinton 2,372]

It just got 4th out of 4 in a comparison in C&D I believe.

I told you to wear that lacy thong, but would you listen to me? noooooooooo

[Penguin4x4 1,761]

dog just ran in here like its ass was on fire and jumped in my lap....someone must be vaccuming...

[Penguin4x4 1,761]

or using the water hose

[Godsmack 361]

People are fucking stupid

that is all

[dem beats 1,223]

I couldn't find that shoot out online but I'll look more.

No matter what, I'm holding out on that CTS-V, if it is what they say it is and comes out at under 55k as I was referanced then it may be the one. However the more I look at cars, the less and less I am impressed. I might just buy an older used and dump what I would have spent new into tuning it into some extreme machine that I can say is mine.

[///M5 2,833]

I couldn't find that shoot out online but I'll look more.

No matter what, I'm holding out on that CTS-V, if it is what they say it is and comes out at under 55k as I was referanced then it may be the one. However the more I look at cars, the less and less I am impressed. I might just buy an older used and dump what I would have spent new into tuning it into some extreme machine that I can say is mine.

New cars really, really don't make sense. Caddies in particular are notorious for losing 30%+ of their value in less than a year. I know I sure the hell can't afford to piss away more than $16k in a year. At newest I'd buy a 2 yr old vehicle and really think twice about spending a lot right now. Buy yourself a house first, it is a MUCH better decision economically for you.

Just to give you some insight, I bought my first house when I was 22. It nearly tripled in value in 7 years. I have never had a car appreciate although I have had a feww that haven't depreciated.

[dem beats 1,223]

I know....

I have the house cash set aside. I might up the budget for that no though as I'm not happy with what's in the 200's.

The things of it is, I'm set financialy pretty much forever so long as I keep a joe job.

Here is the deal, my mom and I got along on one subject really nice cars. I love them, she loved them. It's kind of my tribute. I'm really antsey and my job sucks. I hope to start up school, but with probate legal matters finishing up the remodel of the house my mom was in I won't have time even come fall semester. I'm just looking for something to make me smile I think. Trying to buy a bit of joy. Soi you see I'm a bit stuck and with being in apartment I can't even have a proper project at the moment.

Good looking out though Sean. I know I'm being an idiot about it and in the end I will probably smart up.

=)

Edited June 3, 2008 by dem beats

[dem beats 1,223]

whoa, I kind of just brodcasted some of my laundry there. Sorry folks!

[///M5 2,833]

No worries. Think of it this way.

A 48 month payment on a car loan for $60k (not even enough to cover a $55k car once you add tax/lic/gas/lux) at 5% (really low) is: $1375/mo + insurance + gas

$1375/month buys you a $200k house...leaving you the choice of having a crappy car and a $400k house if you play yourself smart in this.

[///M5 2,833]

And don't ever, ever, ever get more than 48 months on a loan. Realistically 36 months is what you should look at but that would put you at $1791.

Yes, I realize that a loan might not be in your cards but whether you spend it up front or you spend it over time it is still the same money. At 5% the interest is on average $1500 a year so it isn't that much of it anyways. The opportunity cost is what will burn you.

Realize that the $60k you have into the Caddy (plus maintenance) will only be worth $25k after 3 years and on a four year loan that doesn't mean you will get much back when you sell.

If you want a nice car, get an older one as a second car that doesn't depreciate and an efficient daily driver. First and foremost get a house that will grow with you both in location as well as financially.

[KU40 173]

I've been trying to figure up if renting an apartment until I can or can nearly afford to pay straight cash for a house is a good idea. Just because if you get a 30 year loan on a 200,000 dollar house, it'll end up costing you like 375,000 with interest once it's all said and done. 15 year loans are obviously better, I think it would only work out to be like 300,000 with interest, but obviously your payments are higher. and I hate interest. and making payments on a debt. Interest rates are pretty low right now so that idea may not work, but I bet if our economy picks up and gets the interest rates back to where they were a couple years ago it might make sense.

Though when you figure this out you can't just say "I'll save this much every month, add that to my total" because you *should* be putting that money into some kind of investment. If you have 200,000 saved and have something that gives you even 5%, that's 10,000 a year in interest. So it could up your saved amount pretty quickly. Sure you probably wouldn't have a house for 10 years, but you then wouldn't have to pay it off into your 50's.

Edited June 3, 2008 by KU40

[Tmax98 3]

speak on mr sean speak on

[Tmax98 3]

That's pucking awesome. I just laughed my ass off.

this is great!

[Tmax98 3]

TMAX! What you up to big guy?!? You gonna be in town this weekend?

i think so lol

probably goin to go to kefs

Fuggin Right! I got a wedding to go to on Sat, but you better give me a call

it might have to wait a week lol

maybe goin to the beach with the g/f's family on saturday

but usually we do all the work at kefs on sunday

[dem beats 1,223]

And don't ever, ever, ever get more than 48 months on a loan. Realistically 36 months is what you should look at but that would put you at $1791.

Yes, I realize that a loan might not be in your cards but whether you spend it up front or you spend it over time it is still the same money. At 5% the interest is on average $1500 a year so it isn't that much of it anyways. The opportunity cost is what will burn you.

Realize that the $60k you have into the Caddy (plus maintenance) will only be worth $25k after 3 years and on a four year loan that doesn't mean you will get much back when you sell.

If you want a nice car, get an older one as a second car that doesn't depreciate and an efficient daily driver. First and foremost get a house that will grow with you both in location as well as financially.

I like your version of math1

It makes me all excited.

However I was just going to buy the car with cash.

lol

[dem beats 1,223]

I've been trying to figure up if renting an apartment until I can or can nearly afford to pay straight cash for a house is a good idea. Just because if you get a 30 year loan on a 200,000 dollar house, it'll end up costing you like 375,000 with interest once it's all said and done. 15 year loans are obviously better, I think it would only work out to be like 300,000 with interest, but obviously your payments are higher. and I hate interest. and making payments on a debt. Interest rates are pretty low right now so that idea may not work, but I bet if our economy picks up and gets the interest rates back to where they were a couple years ago it might make sense.

Though when you figure this out you can't just say "I'll save this much every month, add that to my total" because you *should* be putting that money into some kind of investment. If you have 200,000 saved and have something that gives you even 5%, that's 10,000 a year in interest. So it could up your saved amount pretty quickly. Sure you probably wouldn't have a house for 10 years, but you then wouldn't have to pay it off into your 50's.

homes at this interest rate currently are always better to have a MTG than to just pay outright. I plan on putting 20% down to avoid PMI. and drop the payment as much as possible, but I won't go past that as my money is better invested than put into the home...

I have a really tight financial mind 99% of the time. ATM though, I'm just a bit lost.

[ANeonRider 3]

$200,000 buys you a 500 sq. ft. condo here

[dem beats 1,223]

$200,000 buys you a 500 sq. ft. condo here

OUCH!

[ANeonRider 3]

Looking at ~$325k for a decent sized home (900-1100 sq. ft.) in an area where you feel safe.

[vladd 26]

my student loan repayments start this month, it's time to either start applying to grad schools.