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Old 06-12-2014, 04:49 PM   #41
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Anything under 5% is good in any year!
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Old 06-12-2014, 05:22 PM   #42
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Quote:
Originally Posted by PA BAMBI II View Post
Credit is a joke...do as our grandparents did. Pay cash. If you can't afford it, you can't afford it.

I am not rich- I paid $1000 for my Airstream and I'm restoring it myself. I would never put my mortgage up against a loan for a camping trailer. I own all of my cars (all used) and the only debt I have is my mortgage.

Life is simpler when you don't owe people...
Ha! I was wondering on this thread if anyone would make the obvious comment. Thanks!
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Old 06-13-2014, 03:55 AM   #43
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Quote:
Originally Posted by mistermcfrug View Post
Ha! I was wondering on this thread if anyone would make the obvious comment. Thanks!
Yeah poor people who could never handle their money to begin with always talk about how much credit is a joke. Dave Ramsey has great advice, but it will only ever take you so far. Dave will never teach you to leverage debt wisely to increase your wealth.

I personally don't look at if I can afford the monthly payment, that's stupid. I take a look at what my overall total payment will be with interest plus if I could pay cash today. If you don't that's how people end up buying a 100K house and actually paying the bank 200K over 30yrs.

A perfect example of this is I use a credit card for gas every month because I get 5% back on what I spend. I use it only at the pump. I have a structured budget where we always have cash set aside anyways. We could pay all out debts at the drop of a hat.

A guy who makes 30K a year buying a 24K car because he can afford the monthly payment is stupid. A guy with a half million dollars in savings and making 6 figures a year buying a 60K car can afford it to leverage it.

So no, credit is not stupid, only the person who can not handle it properly is stupid.

If you can't handle it wisely then maybe you should stick to cash.
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Old 06-13-2014, 07:35 AM   #44
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"""If you can't handle it wisely then maybe you should stick to cash."""

Hmmm, so that is the only reason to pay cash ?

Interesting.

(Inflammatory fallacy)
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Old 06-13-2014, 08:21 AM   #45
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"""If you can't handle it wisely then maybe you should stick to cash."""

Hmmm, so that is the only reason to pay cash ?

Interesting.

(Inflammatory fallacy)
There are good reasons to pay cash for lots of things, and good reasons to leverage debt if you know how to manage it.

You don't need a fallacy to support either.
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Old 06-13-2014, 08:22 AM   #46
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I pay cash because I can afford to, and would prefer not to make banks any richer. Money or property is better in my pocket than theirs. Property is just money in a different form! A wise investment/ can always be turned back into cash!
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Old 06-13-2014, 08:32 AM   #47
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Financing is just buying money from a bank at over the current value. I know, I have done it all my life. Not the smartest way, but the only way some of us could own things. Took me over 50 years to be in a situation where that was not necessary anymore. Jim
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Old 06-13-2014, 08:39 AM   #48
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""A false dilemma (also called black-and/or-white thinking, bifurcation, denying a conjunct, the either-or fallacy, false dichotomy, fallacy of exhaustive hypotheses, the fallacy of false choice, the fallacy of the false alternative, or the fallacy of the excluded middle) is a type of informal fallacy that involves a situation in which limited alternatives are considered, when in fact there is at least one additional option."""
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Old 06-13-2014, 08:51 AM   #49
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Do what makes you happy. In the end, we're all dead.
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Old 06-13-2014, 08:55 AM   #50
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I think that there is a place for financing and cash , we should be able to express our opinions without getting angry or being overly sensitive when opinions differ.

That is my only point.
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Old 06-13-2014, 09:00 AM   #51
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I think that there is a place for financing and cash , we should be able to express our opinions without getting angry or being overly sensitive when opinions differ.

That is my only point.
I didn't do a good job of equating that point, although it's the one I share.

My original quote was wrong, because I quoted a member who quoted this post:

Quote:
Originally Posted by PA BAMBI II View Post
Credit is a joke...do as our grandparents did. Pay cash. If you can't afford it, you can't afford it.

I am not rich- I paid $1000 for my Airstream and I'm restoring it myself. I would never put my mortgage up against a loan for a camping trailer. I own all of my cars (all used) and the only debt I have is my mortgage.

Life is simpler when you don't owe people...
The more I learn the more I realize I don't know anything.
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Old 06-13-2014, 09:02 AM   #52
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"""The more I learn the more I realize I don't know anything.""""

This is a quote I can relate to.

Take Care!
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Old 06-13-2014, 09:05 AM   #53
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And the older I get, the less I care! Jim
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Old 06-13-2014, 09:44 AM   #54
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Love the last 2 quotes together :-)


Now get out there and camp! Amen. :-)
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Old 06-14-2014, 06:17 AM   #55
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I don't particularly care to borrow money.
You got 2 choices- save money till you have enough and the buy whatever- or finance whatever and have it now-
Sometimes I do it one way, sometimes the other-
I could wait 3 years to have an Airstream, or I can have one now.
My viewpoint was different before the bad economy and market crash of '08.
Before then, I would never borrow money in an attempt to hoard money or save. I lost so much that it doesn't matter anymore. 25 years of working 120 hour weeks for nothing, except to see the other side of life- now I work 45 hours a week and camp every weekend.
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Old 02-13-2017, 02:29 PM   #56
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Hello, I'm new to this forum and am just reviewing options on financing a more vintage style airstream, vs options involving a tiny home. I'm really curious how everyone here decided between a tiny house and an airstream? If this was even a decision anyone here had to make...any advice, comment, thoughts, are welcome. Thank you!
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Old 02-13-2017, 02:36 PM   #57
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I love my Airstream. It is an emotional choice... not logical though I can make it sound that
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Old 02-13-2017, 03:00 PM   #58
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(Thumb typing)
I can make it sound logical.
I am not rich but I can afford to buy a house, a tiny house, an Airstream or an SOB.

Most people who go the tiny house route are trying to dig oit from crushing student loan debt, bankruptcy or other financial difficulties. And many are making ill-advised choices because they haven't thought about zoning, the cost of moving if it becomes necessary or what can go wrong if a family member develops health problems.

Tiny houses have a CUTE factor that is hard to deny..
But resale value? No. You lose money selling 99% of all RVs but you can sell them.

If your goal is inexpensive shelter for 2 to 5 years, buy an SOB, not an airstream where you're paying a premium for style, and towing ease.

If saving money is in your "been there, done that" list, then do whatever you want.

My main objection to tiny houses ia that they weigh so much and are so ungainly that you have to hire a semi to move them..
And getting one set up and leveled may require having a pad poured - $$$.

Paula
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