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Why don't you have $5000.00 in the bank?
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Journeyman
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    Posted: 24/October/2007 at 12:56pm
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John L View Drop Down
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Originally posted by Hammy Hammy wrote:

And Americans wonder why their economy is going for a sh*t      
 
 
  OH! Don't say that around any USA COPS
 
 
 


 


Edited by John L - 23/October/2007 at 10:06pm
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And Americans wonder why their economy is going for a sh*t      
Could somebody just clean my carpets!
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Points: 319 		Post Options Post Options   Thanks (0) Thanks(0)   Quote STEAMPRO Quote  Post ReplyReply Direct Link To This Post Posted: 23/October/2007 at 3:38pm
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I got money in the bank, but E on the tank.
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Wish I'd have done that

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good investment
Just My opinion
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I know that Jack is right about that. I am the same age as him, and I remember the rates back then too. Even when the posted rate was 10% in the early 70's, it was still possible to get a 6% rate as an employee perk, or if you did a private financing with a non-bank lender.
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Bank rates were in the area 0f 10 % to 11 % at the time of purchase . It was 1973 , Month of July I was turning 20 in August . My wife purchased it she just turned 21 . At the time she was working for A.E. Lepage & Westmount Realities . We bought 3 houses through them @ that rate .
 
I don't shoot the bull , what I say is what it is . NO NEED TO LIE AT MY AGE . I have nothing to prove, my proof is of success was made over 20 years  ago
 
 
                                              Nightrider


Edited by nightrider - 01/August/2007 at 12:22pm
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I quote " I paid 12,000 in 1971"

I just assume you financed...but you proved it with your next post. no way you financed for 6% in the 70's..

I think you are mistaken
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Originally posted by nightrider nightrider wrote:

Here's the funny thing about money....................it worth NOTHING
 

EXCELLENT CREDIT IS EVERYTHING

 

If you have $ 500,000 in the bank and no credit history ( or at least just a minimal history ) you will not get a car loan, or mortgage .

 

If you have $ 2,000 in the bank and an excellent credit you get it all .

 

Since I was a youngster @ 17 I read a book " How to Profit on the Misfortunes of others " In the book they advised not to gather money, but rather invest into real estate.............That's what I did, every $ 5,000 I saved I bought a property ( I still own the first property I bought ) I paid $ 12,000 in 1971.....todays worth 0ver $ 300,000

 

MONEY IS NOTHING..........NET WORTH IS WHAT DECIDES IF YOU ARE RICH

 

 

 

                                              Nightrider

    
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True Patriot
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Points: 14549 		Post Options Post Options   Thanks (0) Thanks(0)   Quote MR. STEAMER Quote  Post ReplyReply Direct Link To This Post Posted: 01/August/2007 at 9:13am
you paid 6% interest back in the 70's......BULLsh*t!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

WHAT A LIAR... you related to Kenny
????
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Points: 4666 		Post Options Post Options   Thanks (0) Thanks(0)   Quote nightrider Quote  Post ReplyReply Direct Link To This Post Posted: 01/August/2007 at 12:03am
Steamer is such a Putz...........$ 12,000 less $ 5000 down, Mortgage @ 6% $ 7000 ( I paid that house off in 4 years ) rental income .
 
Money is only a belief system , when people & countries don't belive in your currency, and start dumping treasury bills at @ discount.....................that's what money is worth............NOTHING
 
What does Steamer know.......................he's got carpet dog excrement carpet fibre as brains
 
 
                                                Nightrider
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