This was said by a blog commenter. I have to agree. America is one big credit facsade! You can finance anything in America, I mean anything. From a house to a pack of gum. Cash is almost embarrassing. It just looks cool when you flick out the cc.
When I say a used car lot, I mean credit is widespread from the Atlantic Ocean to the Pacific Ocean. It you live in between you had to been solicited. From the no money down ads, to the 0% financing to the 5 and 6 year car notes. No one is denied or turned down anymore. They just simply pay more. They will politely send you to the "Special Financing" department. When you see those words...run for your life. Every industry have it's own sales person.
My neighbor is a perfect example, if you look up credit fascade it will have their picture. Both own/lease new cars, a Lexus SC 430 and a Mercedes CL 500. One for Hubby and One for Wifey. They constantly gives parties and never cut their own grass. They pay someone to do it ( not sure if the grass man accepts credit cards) LOL
I talk to another neighbor he says its all a credit fascade. I never seen the inside of their home, but according to a source. It is tricked out. Meaning nothing less than average. Everything in their house I am sure is financed from the refrigerator to the ceiling fans to the hardwood floors. If you ever want to know who the Joneses are, they are on my block.
I noticed coming home one day they had a For Sale By Owner sign posted on the lawn. One neighbor said they are moving to an apartment. ! Wow, two luxury cars parked outside an apartment would not look cool.
Which reminds me, when we lived in an apartment I remember this single lady had a brand new Audi. The price of her car note she said was $720 a month. What the Fluke???? not including insurance. I understand she was single with no kids, but DAYUM. Your rent is lower than your car note. Get a clue. Later she moved in to her cousin home. She said she could not afford the rent. YOU GOT TO BE KIDDING ME !!!!!!
I guess the car was more important.
Yes ! you can live finance the American Dream ! Just don't get mad when your credit fascade bursts!
To make a long story short. It is nice to have expensive taste. But, do not show off at this time if you are not yet rich.
America is one big used car lot!
[photo credit: www.theautochannel.com]
Tuesday, August 7
America is one big used car lot!
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7 cool comments:
America is is more debt than any other country.
Not too many people can avoid credit in this country unless they had strong discipline and no TV
My point is we are always solicited. From the Sunday newspaper to our daily mail. I always get re finance letters at least 3 a day. It never stops. i already opt out credit cards, now this. Everybody is a sales person they just have different titles, acct. excutive, loan officer, realtor, etc. When I get my credit union statement, it has all kinds of offers, such as refinance and credit cards offers.
YOU CANNOT ESCAPE!
every day when I get home there are commercials in my mail box - consolidate your student loans, contact us about a mortgage, you're preapproved for this credit card...
Amen, Sister
We are living in a big used car lot, I tell you.
Sad, sad, sad. Some people and there priorities are so screwed up. I have a friend who has a 600 car note and does not include insurance. Huh!! Are you kidding me. Not when you have to park that bad boy on the street. Here in the Bx people tend to play bumper cars when they are trying to park. Please.
Moving to an apartment! I guess it was not worth it to keep the house. The cars make you look important on the street.
It has been said that the poor and middle class buy luxury items on credit. They look rich but are deep in debt. They but luxuries first.
The rich build assets first and then buy luxuries last.
I love hearing from my friends.. "hey can I borrow some money, I'm short on rent?"
Then I look at their situation.. 2 kids, a big screen TV, 2 15k cars, a house note, etc. Why can't people put the puzzle together?? I don't get it!
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