Why? I think you are being over-judgemental with some of your responses. There are some scenarios where traditional financing is not the best option.
That being said. I do think that there are some misconceptions and wrong ideas in this thread.
:tup: sounds like that worked pretty good for you. I’m glad I had enough liquidity to get my purchase done without waiting for the tax credit, considering my 11k return is going to be in limbo til like April now that they’re making you paper file and then sitting on it 
Dude, I filed mine in august and still haven’t gotten it. They are telling me mid-March likely.
Yeah, by the time I closed in October they told me to not even bother with amending 08 and to just wait til this spring’s. Looks like it’s grinding to a halt either way. Then they’ll probably stall me some more and ask for extra documentation on top of the HUD 1.
They weren’t even asking for HUD-1s when I filed mine. So I got flagged for more info and had to send that plus mortgage statements and like 3 different utility bills for the past 2 months…I faxed them ~20 sheets of paper. They received that early January. I called to get a status update and they told me that it would be 60 fucking days before someone could look at it and approve it.
IBsomeoneappliesthistohealthcare
lol
Is this what the lead time on an insurance claim is gonna be like?
there
Walter is just a dirty vagina, his comments mean nothing on this forum.
Actually more often than not he comes up with something insightful that no one else mentioned, and the OP/target gets pissed because he does so in a smartass way that pwns them.
yeah, it’s hard to say that he’s wrong… He has a good reason to say that he would do a giant picard to my post. Without knowing more details, it’s easy to assume that I bought a house I can’t afford.
I’d shank him in the neck if I had the chance, it’s one thing to be helpful and insightful but another to be a complete prick about it. He’s a prick.
On topic though 
:tup: Beck, now you get to drop loads of cash into something that will actually last longer than a neon 
Sorry, I wasn’t giant picarding you, just Beck.
The crux of the situation is the cost of the debt on the depreciating truck is very little. Having the money to increase your down payment on your house would be more financially sound and help you avoid PMI, among other things. Having >20% down will also help you get a better rate.
Unless, as Xander indicated you are in some odd financial limbo where the debt from the truck is massively screwing up your credit score.
The reasons he has posted to defend paying off the truck don’t make sense. “I want to pay it off so I don’t have a $750 bill every month”
That is Dave Ramsey speak, which rarely makes the most sense. Sure, these days many American’s are afraid of debt, and many preach that it is bad (because most of us can’t handle it). It doesn’t mean that it is the best method.
In the end there is no cookie cutter approach to personal finance and if you like the feeling of not having a car payment, than it is really hard to argue against, as long as you realize THAT is the reason (you like it) not because it makes more sense.
The comments about the plan were from the beginning, not saying, hey you’re going to close next month, you should save that single $700 payment and make life gravy.
So, take that, and apply to this thread. See need for :bigpicard:
Aww, poor baby, do I not give you enough attention? Don’t worry, I’ve noticed you’ve been riding my nuts a lot lately, I’ve groomed a special spot for you, spitting distance to my asshole.
:touchy:
You are a pontificating ass, an anomaly inserted into the apex of my sphinter.
Everyone here knows that he is like this. You are about the billionth person to explain to him that he comes off SUPER harsh…It hasn’t changed. It never will, so give up and just try to learn a thing or two about personal finance because I between the insults, are great points.
:word: If people aren’t too turned off by his abrasive style there is usually sound advice in there.
I <3 Walter
What kind of a dump ass house are you going to find in amherst for 120k?
Why Don’t you reconsider other areas
You can easily find 4bdrm houses in west seneca, other southtowns for less than 130k and have 1700+ sq feet, less taxes
although i dont know what kind of house you’re looking for.
Shit there was a 2300sq ft house in West seneca for 42k lol (border of S B-Lo)
I even viewed your posts here because I figured you’d make some stupid ass remarks…
Situation -
Shit loads of income.
No debt.
Great credit score.
Walk into any bank and buy a decent house with 0 down and still get a nice rate. Has that changed? No. Fuck You.
Depending on your (Beck’s) situation, the current state of our economy especially the part that controls what hoops you have to jump through to buy a house, haven’t changed much (see the situation above). If you’re poor or trying to buy out of your league… yeah. Those rules have changed.
This is not true. Since you’re so good at dissecting everything everyone else says and then commenting with opinion and not fact…
100% loaners who can’t afford what they bought played a role.
100% loaners who payed off a large portion of their mortgage already and are finally paying on only the principle… and lost their jobs… they are paying a role.
50% loaners who lost their jobs and can’t make their mortgage payments… they also played a role. Chances are these people took some lump sum that they received (parents, insurance, lawsuit, etc…) and put it down on a house they couldn’t afford. The other population here is the older crowd who sold a house, didn’t have much equity, but enough to put down on something bigger, lost their jobs and can’t afford to make the payments. Liquidating their assets and trying to sell that overpriced house in a market like this… there is your role.
100% loaners who still have a job and give the bank 10s of thousands of dollars on time or early are not the reason that the market and economy is the way it is. Your blanket statement is false. There are a lot of people contributing… and “most” of it isn’t coming from people who borrowed 100% nor the individual mortgages which were lent @ 100%.
The biggest reason we’re in the mess we are now is that people can’t afford the house they live in anymore… unrelated to the amount of money they put down. Lost jobs, pay cut at work, lost benefits, etc… none of these things are related to the fact that when these people bought their homes, they didn’t put anything down. Even if you put 90% down and had to sell your home at a loss… that is one of the contributing factors for the situation we’re in today. The market flopped, taking the banks with it. Not the other way around.
Debt to Income Ratio. Huge factor when buying a house, especially when he has huge loans and CC debt. $14k on a truck is a lot of debt.
:word:
You’re right here, but that doesn’t change the fact that you’re a tool with no friends.
You live in fucking west seneca and continually trade in and out of $3,000 cars like its your job, exit thread please.
Secondly, I know where Walter is coming from. However, I don’t want a god damned $750 car payment. It’s not good for my DTI. Xander is also correct about only a portion of my income being accounted for.
I technically only make about $30k/salary. The rest is bonuses every month.