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bwia

About

Username
bwia
Location
Boston
Joined
Visits
957
Last Active
Roles
Member
Points
254
Badges
23
Location
Boston
Vehicle(s) that interest me
Jaguar XJ
More about me
I like money
Vehicle(s) I currently own
2011 Buick LaCrosse CXS; 2014 Buick; Encore (wife's); 1999 RAV4
Posts
1,939
  • Re: Edmunds Members - Cars & Conversations

    Yeah, real estate here is off the hook. Average income to price ratios don't support it - it is hugely driven by transplants, and by sketchy offshore money (so much for "vetting" and other garbage vomited up by the authoritarians). Of course, nobody wants to talk about that here. We are Vancouver Part II.

    I smell inflation on the horizon, and all it will take is a relatively modest increase in oil/gasoline prices to cancel out any benefit given to average consumers via the ill-advised new tax plan. We might be in 1927-28 right now.
    @

    I hope the DOW does hit 30K. I just pulled out last week (except for a small amount I’ll mess with on stocks that catch my eye). The Fed is raising rates, again. In some areas (from what I hear of you guys in WA), real estate is becoming overheated, again. I think inflation will heat up. I believe in the next 18 mos, after the coroporate tax breaks are absorbed into business balance sheets, we will realize their effect was temporary.

    Oil prices are creeping up, again. That affects trucking, transportation stocks, and a host of other industries. It will probably hasten the already break neck speed for electric and alternative fuels. Oil companies don’t seem to care. Their fall is going to be hard. And, that entire industry will look nothing like it does today in the next 10 years. Those stocks will plummet.

    See, you got me started. I’ll keep the rest of my theories to myself.

    Circling back to autos, I do think anyone who invests in electric vehicle infrastructure will have a very good investment, for a very long time.

    That's a pretty pessimistic doomsday outlook.

    Should I just take all of my retirement accounts and put them into Bitcoin now? How about gold?

    I suppose I'm far enough from retirement that I can handle another depression recession. I have a locked in 27+ years left on my below 4% home loan. High interest rates mean depressed housing prices though.

    Anyone want to do the math on how much a half million dollar home value at 3.75% is valued if the loan rate is only doubled?
    Not sure what you mean but the monthly payment on a $500,000 loan at 3¾% for a term of 30 years is $2,316. If the interest rate is doubled to 7½%, the monthly payment on that same loan would be $3,496.

    Looked at differently, if the interest rate is doubled from 3.75% to 7.50%, for the same monthly payment of $2,316 you would only be able to afford a house for $331,229. By the way, the same logic is true for stocks and bonds.
  • Re: Edmunds Members - Cars & Conversations

    : WE ALL GET OLD IN THE END....

    I changed my car horn to gunshot sounds. People get out of the way much faster now.

     Gone are the days when girls used to cook like their mothers. Now they drink like their fathers..

     You know that tingly little feeling you get when you really like someone? That's common sense leaving your body.

     I didn't make it to the gym today. That makes five years in a row.

     I decided to stop calling the bathroom the “John” and renamed it the “Jim”. I feel so much better saying I went to the Jim this morning.

     Old age is coming at a really bad time. When I was a child I thought “Nap Time” was a punishment. Now, as a grownup, it feels like a small vacation.

     The biggest lie I tell myself is..."I don't need to write that down, I'll remember it."

     I don't have gray hair; I have "wisdom highlights" I'm just very wise.

     
    If God wanted me to touch my toes, He would've put them on my knees.

     Last year I joined a support group for procrastinators. We haven't met yet.

     Why do I have to press one for English when you're just going to transfer me to someone I can't understand anyway?

     Of course I talk to myself; sometimes I need expert advice.

     At my age "Getting lucky" means walking into a room and remembering what I came in there for.

     
    Actually I'm not complaining because I am a Senager. (Senior teenager) I have everything that I wanted as a teenager, only 60 years later.

    I don’t have to go to school or work.

    I get an allowance every month.

    I have my own pad.

    I don’t have a curfew.

    I have a driver’s license and my own car.

    The people I hang around with are not scared  of getting pregnant.

    And I don’t have acne.

    Life is great.
  • Re: Edmunds Members - Cars & Conversations

    qbrozen said:
    Rough day over here. As of 11am this morn, I have been unemployed. It wasn't a total shock, as the agency has lost the majority of its business in the past couple of months. But, no matter how much you prepare yourself, it still hits hard. This will be my biggest challenge yet.
    Sorry to hear such bad news starting the new year. Hang in there something good will come along soon. 
  • Re: Edmunds Members - Cars & Conversations

    If you itemize, state and local income taxes (SALT) will be limited to $10,000.  

    As to small business deductions they generally remain the same except for net operating losses which are capped at 80% and higher depreciation deductions on luxury vehicles. 
  • Re: Edmunds Members - Cars & Conversations

    Ford to Look Beyond Credit Scores in Sales Push

    We’ve all seen rodeo before, what can possibly go wrong?

    According to the Wall Street Journal, “Ford Motor Credit has decided to change its approval process to look beyond credit scores in an effort to pump up sales. The move by Ford Motor Co.'s financing unit, announced Friday, is expected to unfold in coming years, even as concerns mount about rising auto-loan losses in the industry.

    Ford Motor Credit says it is looking at ways to increase loan and lease approvals for applicants with limited credit histories. These consumers are often denied credit because they lack a history of managing debt and as a result have low credit scores. Ford's credit division plans to review new data to try to determine whether these customers, as well as those with more robust borrowing histories, are likely to repay their loans.”