You shut the fuck up. We haven't saved our whole adult lives for nothing.Apex wrote:If we really go full cash will be worthless.Tarspin wrote: ↑Fri Mar 20, 2020 9:43 pm Do you think if we go full that it be better to keep cash? Fuck the debt? I guess to think like that won't help much. I'm too deep into property ownership and need to keep a good credit score. Hopefully this crap blows over quickly. I could probably play the conservation gave for some year, keep a single paid off car and find 3k/month to cover mortgage paper. It would be nice if either the banks or the government would at least peel back to property taxes or principal payments to help.
I always thought prudence and paying off all debt was the move, and it figures that I went from a paid off house to a new mortgage on a nicer house + cottage all within a year of this retardation. Talk about timing.
A DFD Public Coronavirus Announcement
- troyguitar
- Command Chief Master Sirloin
- Posts: 20088
- Joined: Wed Nov 02, 2016 11:15 pm
- Drives: Trek Domane
- Location: Swamp
- Irish
- Senior Chief Patty Officer
- Posts: 3648
- Joined: Thu Nov 03, 2016 12:37 am
- Drives: '12 GIT (190K!)- 2011 Outie A5
- Location: Carlisle PA
You are not alone..... we just gave $14K to a contractor as Half of the total for a basement Reno (that is on hold indefinitely) and financed $25K on the T-Reg when the Teeg would have been paid off next month....Tarspin wrote: ↑Fri Mar 20, 2020 9:43 pmDo you think if we go full that it be better to keep cash? Fuck the debt? I guess to think like that won't help much. I'm too deep into property ownership and need to keep a good credit score. Hopefully this crap blows over quickly. I could probably play the conservation gave for some year, keep a single paid off car and find 3k/month to cover mortgage paper. It would be nice if either the banks or the government would at least peel back to property taxes or principal payments to help.
I always thought prudence and paying off all debt was the move, and it figures that I went from a paid off house to a new mortgage on a nicer house + cottage all within a year of this retardation. Talk about timing.
TIming has never been our strong suit.....
- Tar
- Chief Master Sirloin
- Posts: 14145
- Joined: Fri Nov 04, 2016 6:06 pm
- Drives: Beige Family Sedan sans Dent
- Location: Canuckistan
Screw it I'm paying the debt off. Would be great to know the answer...troyguitar wrote: ↑Fri Mar 20, 2020 9:51 pmYou shut the fuck up. We haven't saved our whole adult lives for nothing.Apex wrote:
If we really go full cash will be worthless.
To or not to ?
- Apex
- Chief Master Sirloin of the Wasteful Steak
- Posts: 29815
- Joined: Wed Nov 02, 2016 10:36 pm
- Drives: Abominable
- Location: NJ
I’ve been out of the loop a bit lately, big deadline I can’t miss coming up in 2 weeks. But, you have places like BoA saying we’re headed towards Great Depression levels of unemployment.
This is going to be a weird dip/slowdown/recession with unemployment being front loaded and will go down as time goes on.
- Apex
- Chief Master Sirloin of the Wasteful Steak
- Posts: 29815
- Joined: Wed Nov 02, 2016 10:36 pm
- Drives: Abominable
- Location: NJ
#YOLOtroyguitar wrote: ↑Fri Mar 20, 2020 9:51 pmYou shut the fuck up. We haven't saved our whole adult lives for nothing.Apex wrote:
If we really go full cash will be worthless.
- Tar
- Chief Master Sirloin
- Posts: 14145
- Joined: Fri Nov 04, 2016 6:06 pm
- Drives: Beige Family Sedan sans Dent
- Location: Canuckistan
We suffer together brother. If we come out of this somehow this will change a lot of people. I thought I had my shit together, but the cottage might go so I can pay my house off assuming there will be equity in that bitch, but even that is a case of timing. If I sell it I might see an enormous upswing LOLIrish wrote: ↑Fri Mar 20, 2020 9:54 pmYou are not alone..... we just gave $14K to a contractor as Half of the total for a basement Reno (that is on hold indefinitely) and financed $25K on the T-Reg when the Teeg would have been paid off next month....Tarspin wrote: ↑Fri Mar 20, 2020 9:43 pm
Do you think if we go full that it be better to keep cash? Fuck the debt? I guess to think like that won't help much. I'm too deep into property ownership and need to keep a good credit score. Hopefully this crap blows over quickly. I could probably play the conservation gave for some year, keep a single paid off car and find 3k/month to cover mortgage paper. It would be nice if either the banks or the government would at least peel back to property taxes or principal payments to help.
I always thought prudence and paying off all debt was the move, and it figures that I went from a paid off house to a new mortgage on a nicer house + cottage all within a year of this retardation. Talk about timing.
TIming has never been our strong suit.....
Strong case of Troyconomics happening here.
- Tar
- Chief Master Sirloin
- Posts: 14145
- Joined: Fri Nov 04, 2016 6:06 pm
- Drives: Beige Family Sedan sans Dent
- Location: Canuckistan
A lot of wealth has been wiped out, but the fed is planning to drop $1T? That should get the ball rolling won't it?Apex wrote: ↑Fri Mar 20, 2020 9:57 pmI’ve been out of the loop a bit lately, big deadline I can’t miss coming up in 2 weeks. But, you have places like BoA saying we’re headed towards Great Depression levels of unemployment.
This is going to be a weird dip/slowdown/recession with unemployment being front loaded and will go down as time goes on.
- Apex
- Chief Master Sirloin of the Wasteful Steak
- Posts: 29815
- Joined: Wed Nov 02, 2016 10:36 pm
- Drives: Abominable
- Location: NJ
This will definitely exceed 1T... when does the .gov ever stay on budget?Tarspin wrote: ↑Fri Mar 20, 2020 10:14 pmA lot of wealth has been wiped out, but the fed is planning to drop $1T? That should get the ball rolling won't it?Apex wrote: ↑Fri Mar 20, 2020 9:57 pm
I’ve been out of the loop a bit lately, big deadline I can’t miss coming up in 2 weeks. But, you have places like BoA saying we’re headed towards Great Depression levels of unemployment.
This is going to be a weird dip/slowdown/recession with unemployment being front loaded and will go down as time goes on.
- wap
- Chief Master Sirloin of the Wasteful Steak
- Posts: 45317
- Joined: Wed Nov 02, 2016 11:52 pm
- Drives: Blue Meanie
- Location: Pepperland
max225 wrote: ↑Fri Mar 20, 2020 8:35 pmWhat do you expect would happen with this debt ? Pay off whatever has highest interest first not some % of limitTarspin wrote: ↑Fri Mar 20, 2020 7:06 pm
My wife booked all the kids summer camps, and after school programs on her CC last month. We have the cash to pay it off in full and are still getting paid. Do we put a big dent into our loose cash and pay it off of pay the $10 min. Her card is at 70% maxed out, mine is at 25% maxed.
- troyguitar
- Command Chief Master Sirloin
- Posts: 20088
- Joined: Wed Nov 02, 2016 11:15 pm
- Drives: Trek Domane
- Location: Swamp
If we end up getting fucked for actually saving, I'm going to be more pissed off than usual.Apex wrote:#YOLOtroyguitar wrote: ↑Fri Mar 20, 2020 9:51 pm You shut the fuck up. We haven't saved our whole adult lives for nothing.
- RLWake
- Meat Patty 2nd Class
- Posts: 453
- Joined: Fri Feb 07, 2020 7:41 pm
- Drives: CHEESE
- Location: Orlando, FL
At least your money is safer in something like a car than the market,[user not found] wrote: ↑Fri Mar 20, 2020 10:03 pmBeen there, done that.
*Looks at the MINI in the garage.*
Should’ve sat on my stack of cash and been happy. Hindsight is a bitch.
2010 Audi TT APR Stg1 (sold) >> 2012 BMW 335i FBO (sold) >> 2009 Miata zoom-zoom spec "Cheese" (sold) >> 2022 Hyundai Elantra N + 1999 Miata Maacover Project
- Tar
- Chief Master Sirloin
- Posts: 14145
- Joined: Fri Nov 04, 2016 6:06 pm
- Drives: Beige Family Sedan sans Dent
- Location: Canuckistan
There's no way anyone is unscathed by this one way or another. My new motto is "WWWD?" from here on in.troyguitar wrote: ↑Fri Mar 20, 2020 11:02 pmIf we end up getting fucked for actually saving, I'm going to be more pissed off than usual.Apex wrote:
#YOLO
- wap
- Chief Master Sirloin of the Wasteful Steak
- Posts: 45317
- Joined: Wed Nov 02, 2016 11:52 pm
- Drives: Blue Meanie
- Location: Pepperland
troyguitar wrote: ↑Fri Mar 20, 2020 11:02 pmIf we end up getting fucked for actually saving, I'm going to be more pissed off than usual.Apex wrote:
#YOLO
- RLWake
- Meat Patty 2nd Class
- Posts: 453
- Joined: Fri Feb 07, 2020 7:41 pm
- Drives: CHEESE
- Location: Orlando, FL
Yeah everyone's getting hammered. I've lost a lot from the market crash, but I'm sitting on my hands and riding it out. Paid off my credit card and that's it.Tarspin wrote: ↑Fri Mar 20, 2020 11:20 pmThere's no way anyone is unscathed by this one way or another. My new motto is "WWWD?" from here on in.troyguitar wrote: ↑Fri Mar 20, 2020 11:02 pm If we end up getting fucked for actually saving, I'm going to be more pissed off than usual.
For the MOMENT, I have my job secure, at least. They can't let me go because I'm the only person who knows how 3 very experiments function at all. There's job security in lack of documentation, folks
I'm just worried what some email in the next few days is gonna have to say about me maybe getting evicted.
2010 Audi TT APR Stg1 (sold) >> 2012 BMW 335i FBO (sold) >> 2009 Miata zoom-zoom spec "Cheese" (sold) >> 2022 Hyundai Elantra N + 1999 Miata Maacover Project
- MexicanYarisTK
- Senior Master Sirloin
- Posts: 10110
- Joined: Tue Nov 08, 2016 9:14 am
- Drives: An Okinowa Cruiseship
- Location: 6 miles north of Sleepy Joes House & 5 miles from Bosphorus Channel
Tarspin wrote: ↑Fri Mar 20, 2020 7:06 pmMy wife booked all the kids summer camps, and after school programs on her CC last month. We have the cash to pay it off in full and are still getting paid. Do we put a big dent into our loose cash and pay it off of pay the $10 min. Her card is at 70% maxed out, mine is at 25% maxed.MexicanYarisTK wrote: ↑Fri Mar 20, 2020 6:52 pm
For me it is theoretically pay off the balance that you owe, but that's just me. But I'm also told to keep the 70% limit, say your limit is $1,000 and the balance that you owe is $700, if you continuously don't exceed that, your score won't go down. Basically if you're maxed out and good enough to only pay minimum payment continuously for a few months, it will bring your score down. I've been through that ishh at one point.
so basically 10/min is more like an interval payment that will eventually bring up to total? If you put a big dent and don't plan on say getting a car which requires credit score as far as loan is concern, that's not exactly the biggest risk there is. But with the situation we are in right now, it's best to not and do the 10/min interval
Nephew of a a few first gen immigrant on DFD, resident turk, and ex nazi egg lover now driving a middle class mom mobile.
- MexicanYarisTK
- Senior Master Sirloin
- Posts: 10110
- Joined: Tue Nov 08, 2016 9:14 am
- Drives: An Okinowa Cruiseship
- Location: 6 miles north of Sleepy Joes House & 5 miles from Bosphorus Channel
as y as may sound, basically don't worry too much. I'm not saying "oh it's nothing, it'll blow over quick". Relax, be happy that you're in a better financial situation that say atleast 40% of the people in the country. If you think too much that you may be subjected to eviction, it may actually happen. Basically "live" as you can as conditions permit and who knows what can happen.RLWake wrote: ↑Fri Mar 20, 2020 11:30 pmYeah everyone's getting hammered. I've lost a lot from the market crash, but I'm sitting on my hands and riding it out. Paid off my credit card and that's it.
For the MOMENT, I have my job secure, at least. They can't let me go because I'm the only person who knows how 3 very experiments function at all. There's job security in lack of documentation, folks
I'm just worried what some email in the next few days is gonna have to say about me maybe getting evicted.
Nephew of a a few first gen immigrant on DFD, resident turk, and ex nazi egg lover now driving a middle class mom mobile.