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Old 07-28-2008, 08:37 PM   #281
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Well, I am sure that we have all noticed that this thread is the most popular, i.e. with the most replies, and highest readership. I wonder what has made it so. Is it because of the plight of our debtor woman being so interesting? Or is it because of the articulate and thoughtful discussions? Well, except for some short (emphasis on short) outbursts of heated argument. Or is it because of the hilarious diversions?

I went back and read through this thread. I could not help burst out laughing when I got to the place where our ladelfina valiantly and singlehandedly kept the discussion on the topic, while the others seemingly conspired to sabotage the thread. Did you guys PM each other to do this? If so, I was certainly not in on this, being a newbie.

I think this thread deserves a special nomination in this forum. I am not creative enough to think of an apt descriptive adjective.
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Old 07-28-2008, 09:23 PM   #282
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Did you guys PM each other to do this?
Nah. We're well trained and we all know our roles.

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I am not creative enough to think of an apt descriptive adjective.
hmmm...cluster...uh oh, I guess thats a naughty word...
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Old 07-28-2008, 09:51 PM   #283
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hmmm...cluster...uh oh, I guess thats a naughty word...
What's wrong with a little clusterfun?
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Old 07-28-2008, 10:12 PM   #284
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Thats easy for you to say...the words "beaver cheese" werent automatically translated to YOUR username the last few years... :
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Old 07-29-2008, 07:17 AM   #285
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Why not increase regulations on advertising and marketing? I'm not being sarcastic. If you need to increase regulation on credit lending, why not increase regulation on what drives the consumers' need to buy more than they need and more expensive stuff than they need, whether it's a house or a handbag?
Yes, we could more tightly regulate advertising, but it would make little real difference. The basic problem is the stupidity / greed of the average 'consumer' (what an ugly word!), and that's a more difficult matter.

Conspicuous consumption has a much longer history than that of the advertising industry.
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Old 07-29-2008, 07:27 AM   #286
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Why not increase regulations on advertising and marketing? I'm not being sarcastic. If you need to increase regulation on credit lending, why not increase regulation on what drives the consumers' need to buy more than they need and more expensive stuff than they need, whether it's a house or a handbag?
Might require some real big changes in the law of the land, which would be impeded by some mighty well-funded lobbyists. AFAIK, advertising rests on the first amendment, which would bring in such a varied cross section of lobbyists that any such reform would go nowhere fast.
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Old 07-29-2008, 07:33 AM   #287
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FYI...$42873 adjusted for inflation from 1980 to 2007 is $120962.86
This is encouraging. Are you sure numbers are current dollars ? I couldn't tell in article.

Would be stupid for authors to not adjust for inflation - but they are looking for the most "extreme chart" possible...
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Old 07-29-2008, 08:21 AM   #288
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I think I can safely prairie dog the numbers by saying that I dont know anyone at all that has even close to 120k worth of non-mortgage debt. What'd that be, a Mercedes and a Lexus with zero down and an extra $30k of credit card debt? As an 'average person'?
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Old 07-29-2008, 09:04 AM   #289
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I think I can safely prairie dog the numbers by saying that I dont know anyone at all that has even close to 120k worth of non-mortgage debt. What'd that be, a Mercedes and a Lexus with zero down and an extra $30k of credit card debt? As an 'average person'?
My mortgage debt is less than that, and "other" debt is $0: priceless!
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Old 07-29-2008, 09:16 AM   #290
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I for one feel that CuteFuzzyBunny did not put the full effort required into derailing the thread--not even one picture of Vida Guerra for HFWR and the rest of the dirty old men!
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Old 07-29-2008, 09:16 AM   #291
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I think I can safely prairie dog the numbers by saying that I dont know anyone at all that has even close to 120k worth of non-mortgage debt. What'd that be, a Mercedes and a Lexus with zero down and an extra $30k of credit card debt? As an 'average person'?
I think the number includes mortgages and is not indexed to inflation, but then again it may not be the "median" person, but may actually be referring to the "average" person. In other words, Bill Gates makes $100,000,000 a year and his 9 neighbors each make $10,000. The "average" person (depending on how calculated) could make $10,000 a year or $10,010,000 a year. One person with a $600,000 mortgage, two $35,000 car loans and $50,000 of credit card debt ($720,000) makes up for 5 without debt to have an "average" of $120,000 each. And, considering the percentage of Americans who have SOME debt, it is likely that it is weighted upwards in this manner (in both measurements)

Also, I would agree about the buying on margin difference. A stock is intended to produce future income through dividends earnings or capital gains. By leveraging to buy a house, you are playing an investment (in the real estate market), but your alternative isn't to hold onto the money/spend it elsewhere (as it is in case of stocks) but is to rent. If you can own at $1000 a month (maybe save about $700 a year in taxes too) and rent at $700 a month. Would you be willing to spend that extra $250 a month to get into the real estate market and have the confidence of owning your own home? I am not saying anyone has to, but I am strongly for this idea/point.

Also, NWBound, I was trying to keep us on topic
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Old 07-29-2008, 09:21 AM   #292
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I for one feel that CuteFuzzyBunny did not put the full effort required into derailing the thread--not even one picture of Vida Guerra for HFWR and the rest of the dirty old men!
I know, I really didnt put my best effort into it. I'd make a few perfectly valid excuse, but real men dont whine.

I'm pretty sure my track record speaks for itself as far as my ability to fully and properly derail a thread. Heck, I think I'm the only person on earth who has ever made Ho$uc speechless.
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Old 07-29-2008, 09:27 AM   #293
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Old 07-29-2008, 09:42 AM   #294
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I know, I really didnt put my best effort into it. I'd make a few perfectly valid excuse, but real men dont whine.
C'mon, not even the one where Vida has "I love moderators!" tattooed on her, ah, assets?
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Old 07-29-2008, 09:50 AM   #295
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C'mon, not even the one where Vida has "I love moderators!" tattooed on her, ah, assets?
Where is Vida??
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Old 07-29-2008, 09:56 AM   #296
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C'mon, not even the one where Vida has "I love moderators!" tattooed on her, ah, assets?
Thats the only other one I havent used yet thats 'pg-13' rated. Everything else is a clear cut 'r'.
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Old 07-29-2008, 10:12 AM   #297
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I believe the $120K debt/person includes the mortgage. Recently, I saw a statistics on home ownership in the US. Quite a large percentage (IIRC >30%?) owns their home free of mortgage. It is a lot more than I would have thought. Many relatives and friends I know who are 50 or older own their home. Perhaps even the spendthrifts realize they need to own their home once they get near retirement age.

It may not be as bleak as people fear.
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Old 07-29-2008, 10:41 AM   #298
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I think I can safely prairie dog the numbers
Okay, time for some prairie dog photos.
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