10-31-2004, 02:48 PM
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Fuck Checks, CASH only!
Join Date: May 2002
Location: New York City
Posts: 19,422
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here is something to remember:
The reason why there are so many forclousures is because people dont think straight, for example:
Someone starts a business or gets a good job and they make 120K a year, they go out and spend money on a nice car and house without considering that maybe its not stable.
Stability is more important then anything, can you really say that the amount of money you made this year will be something you will earn for the next 15 years or so?
Do you have income from more then one place so if one goes away there is another income that will help you pay for the house?
On a smaller scale this explains the huge number of Repo's there are a day.
Ever meet a friend that tells ya "OMG I just got a great job at AT&T" and then 2 weeks later hes like "Hey where can I buy a nice lexus"
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