My new Touareg is produced and waiting for the sea ride over from Europe. I paid 65k USD for the 50% Dp and the other 50% is sitting in IDR locked in and earning 13% today. It matures a month from tomorrow and I'll roll it over for another week or 2 and pay the thing off 100% once the bitch hits my driveway. Fuck I love this country and how it has made me pay for what I want........
yeah yeah yeah whatever, as long as you have my 50k, you can stick ya 13% up your arse.
Who's responsible for this mess are the dumb asses who made the high risk loans to begin with. When John X sees his neighbor, Bill Q buy a big screen TV, he thinks he has to compete by buying one, as well, whether he has the money or not. Mr. Banker man will help him out. That is middle class philosophy, which I do not subscribe to. You've got to remember that many who got these sub prime loans were in no position, financially, to pay them back, but, got them anyway. I used to look at the guy who owned a big house and driving a new Lexus or BMW as 'rich'. Now, I shake my head, knowing he's most likely working 2 jobs and struggling to make payments, just to try to impress people.
Did you even read the article? Not likely.
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Vehicle: PM me to Join the Expat Muslims for Obama Club........
Location: Jakarta, Indonesia
Posts: 15,398
Quote:
Originally Posted by Von Vorschlag
yeah yeah yeah whatever, as long as you have my 50k, you can stick ya 13% up your arse.
Fuck my 13%? Aren't you the same guy who said on the other thread you were convincing your clients to pull their cash out of ID? When banks here are paying 13% on IDR? Better stick with the Krone as it seems to be all you know.
I am not financing you to buy your first MB, for now, you have to just keep on scootering.........
— George W. Bush loved to escape to his ranch in Crawford, Texas, for a break — he spent one sixth of his presidency there. Mr Bush took more time off from the White House than any other US president, spending 1,020 days out of the office, including 490 days at his ranch.
Last edited by Jakarta Expat : 10-08-2008 at 09:11 AM.
I was responding, in kind, to Von's very accurate statement about if you can't afford it, don't buy it.
You and your spin meisters can spin it all you want, but money was lent to people who couldn't pay it back. Most of them middle class, some poor. I'm watching the homes around here get foreclosed on at a rapid pace because some dick head mortgage broker who was looking for a commission, convinced some guy 3 or 4 years ago, who had no money, that he could buy a house he couldn't afford, sit on it for 5 years, sell it and make a profit. Well, guess what? No one figured the downturn in the market, where home values fell up to 30% and the poor guy couldn't sell his house. Now, his balloon is due, he can't refi and they're stuck with a house, appraised at $500,000, that's really worth $375,000 that he owes $450,000 on with a $60,000 a year job. It doesn't take a f^ckin' genius to figure out what's wrong.
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