Are you comfortable getting loans?

[Nebulous]

I'm not really comfortable getting loans, the damn interest rates always go up so you usually end up paying more than what you even got in the first place. I've had to get loans when I was in my mid 20's since my spouse and I had poor spending habits and both worked in retail so we weren't making much to begin with... Never again will I resort to taking out a loan.

What about to buy a house or a car?

 

[Ravenfreak]

What about to buy a house or a car?

That's the only time I'll get a loan out again. My spouse and I paid off our car loan a few months ago, and it's the only car we both own and drive. As for a house, we're living with my in laws and probably be living here and inheriting the house once they pass away. It's just much cheaper to do so. I don't feel any shame, my aunt has been living with my grandmother her entire life.

 

[Nebulous]

That's the only time I'll get a loan out again. My spouse and I paid off our car loan a few months ago, and it's the only car we both own and drive. As for a house, we're living with my in laws and probably be living here and inheriting the house once they pass away. It's just much cheaper to do so. I don't feel any shame, my aunt has been living with my grandmother her entire life.

Do you like the house? Would you think about selling it and relocating?

 

[Ravenfreak]

Do you like the house? Would you think about selling it and relocating?

My wife and I have thought about moving out of state. Will it happen? Maybe, but we do like this house. Most of our families live around here too.

 

[Nebulous]

My wife and I have thought about moving out of state. Will it happen? Maybe, but we do like this house. Most of our families live around here too.

Maybe when everyone is gone and its you and the wife left, you can sell it and move to another state. I am thinking about doing that myself.

 

[nomad]

I try to avoid loans at any cost, getting a loan is my last option. Having said that I have more than $10K in pending loans from banks. I got a loan to finance my business and I made a substantial loss on my business.

 

[Henrywrites]

It depends on what I am using the loan for. In situations where it is for spending on things that doesn't matter, I prefer not getting one. I don't even see a point with taking a loan when it is not for business investment.

 

[passenger]

It depends on what I am using the loan for. In situations where it is for spending on things that doesn't matter, I prefer not getting one. I don't even see a point with taking a loan when it is not for business investment.

But usually, for most people, for the purchase of a car/truck or home it is necessary to get a loan.

 

[Emerald]

Having a mortgage is what I would consider 'normal' as renting a place is like flushing money down the loo. Just my opinion though.

 

[fuzzems]

I know loans are necessary at times and I use them as needed to purchases cars or home. But, I HATE being in debt. So we paid off our home long ago. We do get an auto loan for our cars because its usually pretty low interest. We have bought cars outright in cash saw no advantage of doing that so now we just take the loan and that keeps money more liquid.

 

[passenger]

Having a mortgage is what I would consider 'normal' as renting a place is like flushing money down the loo. Just my opinion though.

I think so, too; but either way we still get to pay property tax which, in my mind equals a rent payment to the state.

Like "they" say, there's no escaping death & taxes.

 

[Nebulous]

Having a mortgage is what I would consider 'normal' as renting a place is like flushing money down the loo. Just my opinion though.

I flushed money down the toilet for like 18 years renting. Not anymore though.

I know loans are necessary at times and I use them as needed to purchases cars or home. But, I HATE being in debt. So we paid off our home long ago. We do get an auto loan for our cars because its usually pretty low interest. We have bought cars outright in cash saw no advantage of doing that so now we just take the loan and that keeps money more liquid.

If you bought your house long ago it must have been pretty cheap by today's standards? House prices today are insane.

I think so, too; but either way we still get to pay property tax which, in my mind equals a rent payment to the state.

Like "they" say, there's no escaping death & taxes.

Yes! My property taxes were over $5000 this year.

 

[passenger]

Yes! My property taxes were over $5000 this year.

Dayum!! 'there oughta be a law!'
____somewhat related____________________________________________
A small business owner on the Seattle news tonite said he's been broken into at night several times, has spent mega $$ for all kinds of security measures, found a bunch of his stolen stuff at a nearby homeless camp. This keeps happening repeatedly. What he ended by saying, in all sincerity & seriousness, was he doesn't know what he is paying taxes for.

 

[Nebulous]

Dayum!! 'there oughta be a law!'
____somewhat related____________________________________________
A small business owner on the Seattle news tonite said he's been broken into at night several times, has spent mega $$ for all kinds of security measures, found a bunch of his stolen stuff at a nearby homeless camp. This keeps happening repeatedly. What he ended by saying, in all sincerity & seriousness, was he doesn't know what he is paying taxes for.

Aww, poor guy.

 

[MrDawn]

I don't like getting into debt unless I know with 100% certainty that I have the money to pay it off.

 

[Nebulous]

I don't like getting into debt unless I know with 100% certainty that I have the money to pay it off.

Thats the smart way to be!