Economy and Diesel prices are getting bad!!!

[MR ALAN]

OH and diesel prices have gone up a $1.40 a gallon since I bought my truck last Oct. $4.09 today.Since last thursday I have run through $450 of fuel between my machine and the truck.

Only $4.09, what a deal. $4.39 here with 87 at $3.75. Just wonder when it will stop.

 

[jlpressure]

Greedy home buyers wanting more than they can afford and greedy banks lending money to people they shouldn't.

I bet a large percentage of the loans went like this

Well Mr. Loan officer my wife and I make $45,000 between us,so YES we'll take the $750,000 house.
Oh,we don't have a down payment.So we'll need to finance 100% of the purchase price.
Add insurance and property taxes to the monthly payment......hmmm OK.(this is the only smart move they make)
Wow we can get a 2% rate for the first 2 yrs and our payment will only be $875 a month on year 3 the rate climbs to 21% not a problem.
With all the money we'lll save the first 2 yrs we'll be able to make up any difference in the payment.

On yr 3 they freak when their payment jumps to triple what they have already been struggling to make and blame the freakin bank because they couldn't see past the $750K house they had to have to keep up with the Smiths and Jones.

Now the FED wants to save them.Which is BS IMO why should I as a tax payer bail these people out?
I'm not a home owner,would like to be,but wouldn't buy into low rates and payments now and deal with the higher rates and payments later.

If the fed is going to bail out the morons who bought a lot more house than they could afford,maybe they'll help some buy into a house they can afford.


OH and diesel prices have gone up a $1.40 a gallon since I bought my truck last Oct. $4.09 today.Since last thursday I have run through $450 of fuel between my machine and the truck.

You have it right, I just remember the days when banks wouldn't have even looked at these people.

I was down in Florida with my brother and one of his workers made like 40K a year and his wife a lot less, we went over their house it was beautiful about 6 to 700K I remember asking my brother how much this guy made and my brother said no enough to own this place and now he doesn't he lost it.

I don't really think we should bail out homeowners either. I dont think we should bail out banks either, they are the experts, some experts. Jerks and its an election year and we are going to bail out everyone, jerks, But we are all going to get checks from the Feds soon (stimulus package) And thats coming from money we are borrowing from China MORE DEBT LOL LOL

Fuel sucks for sure

 

[jlpressure]

Greedy home buyers wanting more than they can afford and greedy banks lending money to people they shouldn't.

I bet a large percentage of the loans went like this

Well Mr. Loan officer my wife and I make $45,000 between us,so YES we'll take the $750,000 house.
Oh,we don't have a down payment.So we'll need to finance 100% of the purchase price.
Add insurance and property taxes to the monthly payment......hmmm OK.(this is the only smart move they make)
Wow we can get a 2% rate for the first 2 yrs and our payment will only be $875 a month on year 3 the rate climbs to 21% not a problem.
With all the money we'lll save the first 2 yrs we'll be able to make up any difference in the payment.

On yr 3 they freak when their payment jumps to triple what they have already been struggling to make and blame the freakin bank because they couldn't see past the $750K house they had to have to keep up with the Smiths and Jones.

Now the FED wants to save them.Which is BS IMO why should I as a tax payer bail these people out?
I'm not a home owner,would like to be,but wouldn't buy into low rates and payments now and deal with the higher rates and payments later.

If the fed is going to bail out the morons who bought a lot more house than they could afford,maybe they'll help some buy into a house they can afford.


OH and diesel prices have gone up a $1.40 a gallon since I bought my truck last Oct. $4.09 today.Since last thursday I have run through $450 of fuel between my machine and the truck.

You have it right, I just remember the days when banks wouldn't have even looked at these people.

I was down in Florida with my brother and one of his workers made like 40K a year and his wife a lot less, we went over their house it was beautiful about 6 to 700K I remember asking my brother how much this guy made and my brother said no enough to own this place and now he doesn't he lost it.

I don't really think we should bail out homeowners either. I dont think we should bail out banks either, they are the experts, some experts. Jerks and its an election year and we are going to bail out everyone, jerks, But we are all going to get checks from the Feds soon (stimulus package) And thats coming from money we are borrowing from China MORE DEBT ...............JERKS LOL LOL

Fuel sucks for sure

 

[BUNN]

Greedy home buyers wanting more than they can afford and greedy banks lending money to people they shouldn't.

I bet a large percentage of the loans went like this

Well Mr. Loan officer my wife and I make $45,000 between us,so YES we'll take the $750,000 house.Oh,we don't have a down payment.So we'll need to finance 100% of the purchase price.
Add insurance and property taxes to the monthly payment......hmmm OK.(this is the only smart move they make)
Wow we can get a 2% rate for the first 2 yrs and our payment will only be $875 a month on year 3 the rate climbs to 21% not a problem.
With all the money we'lll save the first 2 yrs we'll be able to make up any difference in the payment.

On yr 3 they freak when their payment jumps to triple what they have already been struggling to make and blame the freakin bank because they couldn't see past the $750K house they had to have to keep up with the Smiths and Jones.

Now the FED wants to save them.Which is BS IMO why should I as a tax payer bail these people out?
I'm not a home owner,would like to be,but wouldn't buy into low rates and payments now and deal with the higher rates and payments later.

If the fed is going to bail out the morons who bought a lot more house than they could afford,maybe they'll help some buy into a house they can afford.


OH and diesel prices have gone up a $1.40 a gallon since I bought my truck last Oct. $4.09 today.Since last thursday I have run through $450 of fuel between my machine and the truck.

I don't think we should bail those idiots out either! It's time for people to take responsibility for their actions, and that includes the banks that wrote the mortgages, IMO.