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Why do disabled people always take up the best parking spots??
Topic Started: Jan 24 2014, 11:47 AM (637 Views)
Jack the IV
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The Gent's Club
Unions in the US have also grown abusive and helped to cause GM and other auto companies to go bankrupt back in the great recession a few years back.
In battle, in the forest, at the precipice in the mountains,
On the dark great sea, in the midst of javelins and arrows,
In sleep, in confusion, in the depths of shame,
The good deeds a man has done before defend him.
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Incog
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CHEERIO!

they're actually bankrupt?
Black tulip

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ryker
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Remember the Auto industry bailout? The recession was a trickle down effect of unions overstaying their welcome. The economy collapsed because of the middle class not buying goods. They weren't buying goods because they were jobless. They were jobless because unions are so inefficient (compared to what they used to be) that they were driving costs of production up so high to the point that greedy corporations shipped production overseas. Were Unions needed in the beginning? Yes. Are they needed now? No. Now we have things such as OSHA and other federal regulations that make the union obsolete and an expensive luxury. That with the housing bubble collapse at the same time really threw things for a loop. If we don't find a way to make a healthier middle class, this country (as well as several other non third world countries) are going to start falling.
my name is ryker
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Incog
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CHEERIO!

^Those collapses are also (maybe primarily, for all I know) due to bankers speculating on realestate until the bubble popped. The consequences were horrible and honestly, if you ask me, the whole financial aspect of the world is fucked up.

Loaning is good, investing is good, but somehow betting with money the way bankers do... that's not good.
Black tulip

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ryker
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That is also true. People were buying bigger housed than they could afford "betting" the value would go up. If they could only afford a 150K dollar house, they bought one for 155K, lived in it for 5 years, and moved when it was worth 175K. Instead of selling the house and using the gained equity to put a huge down payment on a new house of equal value (or heaven forbid, actually stay living there), they sold it and bought a house worth 175K and LIVED off the equity for the next 5 years until they could sell it for 200K and do it over again. The problem happened when people started getting laid off. They were no longer able to buy new homes, so instead of being able to buy the home for 175K, sell it for 200K and live off the equity (because with your current income you can only afford 150-160K house) you can't make the payments after the equity from your last house ran out. People quit buying, and supply went up, demand went down. That house they bought for 200K went back down to 150K and they were now under water... considerably. Couldn't sell it for what they owed, even IF they found a potential buyer.

I agree, a LARGE if not the LARGEST contributor to the depression was the housing market collapse, but the trigger for it was the loss of jobs due to relocation of work to cheaper countries.
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Incog
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CHEERIO!

I think buying something you can't afford is stupid in itself.
Black tulip

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ryker
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Incog, I couldn't agree with you more! People need to learn to live within their means. Even now with the economy in the state it is in, people are not. I wasn't for a long time because I had a family to support while my wife and I both attended college. In the past 2.5 years however, my wife have paid off 25K in credit card debt. We are on our last card which currently has 1000 dollars left. Our vehicle is nearly paid off. We are making payments on our student loans, we have paid off 18K in medical debt also. Once our car is paid off, we will save for about a year buy another car with minimal or no payments so we will have three good vehicles (if you count my mother in laws car of which we paid off last year) as needed. The navigator for when we all need to go somewhere. The 4WD jeep for bad weather, and a feul efficient car for my wife and I to commute because we live 30 min from work.


We no longer go into debt/get behind during Christmas time. Layaway is the best thing ever. Yes you pay a 10 dollar fee for each time you do it but you aren't getting behind on bills because you are doing it throughout the year. We have a storage shed we keep seasonal stuff in anyways so we just make sure the stuff we get early year is things that can be hidden in there. Temperature susceptible, or breakable things we wait for our last layaway session before Christmas.

IDK, I think we are making the right choices. Hopefully it all continues to work out!
Edited by ryker, Jan 31 2014, 07:21 AM.
my name is ryker
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Incog
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CHEERIO!

Well, yes, it's obvious that sometimes you have to go in debt when making a big investment early on, such as buying a house/cars for a young couple. College also counts immensely, if you're in the United States. So yeah I should have made sure to think twice before posting. Point still stands though.

You guys are making sure that you're getting rid of your debts, which is what people should do, which they don't.

I'd be careful about talking about your money so openly on a public forum though. ^^
Black tulip

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ryker
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There that better? lol, I changed it to just say what I have eliminated :) Also, I wasn't arguing with you actually. I was agreeing with you and saying how what I am doing now is how it SHOULD be done and not how 99% of america does it. I do agree with you. There is a difference between going into debt for what you can afford and going into debt beyond what you can afford.
my name is ryker
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Incog
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CHEERIO!

I was arguing with myself while agreeing with you, don't worry bruv.
Black tulip

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Ichigo1uk
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Huh?
http://www.youtube.com/watch?v=ITR88wT8ekM
Incog
Jan 19 2012, 05:34 PM
I think unicorns have a higher chance of existing than gods do. I mean, if a mare fell into the ocean and a narwhal raped it, then the mare might just give birth to a unicorn.
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