Re: What's Wrong The Tech World? (a Hatter rant)

On Tue, 22 Nov 2005 20:23:27 -0800, Onideus Mad Hatter
<usenet@xxxxxxxxxxxxxxxxxxxxxxxxx> wrote:

>On Wed, 23 Nov 2005 03:05:31 GMT, Crawdad@xxxxxxxxx (Yomamma Bin
>Crawdaddin) wrote:
>
>>>You know not being in debt doesn't actually account for much. It
>>>basically means you're not a total idiot...but you're still an idiot.
>
>>This means a lot, coming from someone who just paid cash for a PT
>>Cruiser.
>
>The point is I had enough money in general savings to buy the car.
>See that's the other neat thing, when you actually have a lot of
>money...you generally have more than one savings account. For example
>I've got a couple accounts setup just for my retirement. Basically I
>treat my savings accounts like they're bills and put teh money in
>religiously.

Which is exactly what you should do.
While most people work to pay bills, they overlook the fact that they
never pay *themself*. You should pay yourself first then everybody
else second. If you can't pay yourself then you are living outside
your means.

>>>The point is what you have in savings...and I'd be willing to bet that
>>>at this point I have more than both you poor tards combined and I'm
>>>not even half your age...
>
>>Give me the routing numbers to your accounts and I'll tell you if you
>>are full of *** or not....
>>:-)
>
>Yeah and why don't I just give you the account numbers and pin numbers
>too while I'm at it! Oh hey, do you also want my social security
>number?

Nahh,
I don't need your SS#.
There won't be *** for you when you get to that age
anyway.

>>Besides,
>>It isn't a matter of savings Matthew.
>>I keep enough money in my savings to support my family for six
>>months should I become unemployed or injured.
>
>That's pretty tight, you ought to consider upping it to twelve, but
>you should factor in like 20% more a month than your actual monthly
>income.

I have never been unemployed for more that two weeks in my
entire life and that was when I was your age.
If I become disabled then I have insurance that kicks in.
6 months is all I'll ever need. Maybe even too much, but that is my
comfort zone, so be it.

>>Everything else is in long term investment vehicles as well
>>as a fair amount in my house, which was placed as a down payment
>>on my present house. Seeing how my real estate value just jumped 30%
>>in the last couple of months due to Katrina. That down payment wasn't
>>such a bad idea. Even without Katrina, we were running at a 6 %
>>growth as far as real estate is concerned even before Katrina.
>
>And what happens if the housing markets all crash? Cause uh, that's
>kinda what's happening in most places. Personally my perspective is
>that unless it's money and it's in a secure account, it's not a long
>term anything. Yer house could burn down and the insurance company
>could say "*** you" (like they're doing to so many Katrina victims),
>your car could start to have a *** load of problems, any number of
>things could happen...but money in the bank is money in the bank.

People don't understand that hurricane coverage is 2% deductible of
the total insured value. They aren't saying fukk you to anybody. the
devastation is so massive that they can't process the claims fast
enough. My house was purchased well before Katrina and the chances of
my being upside down on it are impossible due to the enormous amount
of equity that I have in it.
The housing market isn't likely to crash in my town anytime soon
seeing how only 25% of the city of New Orleans is habitable.
There has been a population explosion of 100,000 people in the last 2
months. What we need is to improve the roads and access system
to accomidate the influx of people. These people are residents and not
renters. They are here to stay.

>Even though I keep my cars in nice condition and take care of them, I
>personally don't consider them a "long term investment"...at least not
>any more than I consider the big box 'o baseball cards from the mid
>80s that I hung onto from my childhood a long term investment.

Cars are consumable items.
They serve a purpose.
That is to get you from point A to point B.
So if you can drive a car while someone else lends you the money
at 0% interest, then you'd be foolish not to take advantage
of it for any reason.
You say that you saved $1000.00 for paying cash.
Let's say that is true and you could not get a better deal financing
the car.
Let's say that you take that 13K and leave it in your savings account
@ 2% per annum.
the first year alone you would make close to $200 in interest if not
more. Yes it would gradually be less as the loan goes on, but over
a period of five years it is substantial.
Now divide the difference by 60 payments over 5 years and you are
talking about a wash. and that is only if your $1000.00 number is
actually realized.
Let's say the number is $600.00 that you save by paying cash and now
you are making money over 5 years.
That is my only point.
It's your money and you are a big boy.
You can spend it however you want.
I was just pointing out a legal way to make money and drive a new car
at the same time.

>>>of course I'm not so fucking stupid that I
>>>think making payments on a scam deal is better than paying up front
>>>and demanding a lower price overall.
>
>>You probably got a good deal and that is great.
>>
>>However, I believe you are missing the point.
>
>No, you're missing the fact that your point is fucked, d00d.

Not in the least.
You forget I am a Republican.
I know these things....

>>The better *play* would have been to get a 0% finance deal
>>and drive the car on someone else's money for as many years as you
>>could. All the while you are making interest on Chrysler's money.
>
>See it's the whole "no such thing as 0% financing" that you seem to
>have trouble grasping. Seriously, Stupid, you sound like the kind of
>idiot who falls for Nigerian scams. It's a GIMMICK, you dribbling
>idiot. It's like saying you're taking 80% off your
>merchandise...AFTER you jack up the original price by 80%...that's
>what they're doing, Stupid. Honestly, why is this concept *SO* hard
>for you to grasp? There's no such thing as a free lunch and there's
>no such thing as 0% interest, that interest is comin from somewhere,
>bitch, try and guess where.

That is where you are the idiot Matthew.
When the model year is coming to an end and the manufacturer
is seeing that he will have to pay taxes on and inventory
that will depreciate as soon as the model year ends. They are looking
not only to reduce their year end inventory, but also to create a cash
flow over time. They only want to get the vehicles off the lot for
more reasons than you think of Matthew.
They get paid by Chrysler for every car they sell whether they make a
profit of not. Even if they sell you the car at their cost they get a
dealer's re-imbursement from the manufacturer, Matthew.
All they want is to move numbers at this time of the year.

>>Trust me,
>>I'm a Republican.
>
>So you don't know ***, got it. I'm a social engineering hacker,
>trust me, I know how the car industry works, Downs.

Yes Matthew,
you know how the car industry works.....

I've been buying cars since before you were born
but you know everything.

You kids crack me up...
:-)
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Yomamma bin Crawdaddin www.cotse.com
Brotherhood (Vice Chairman)
Anti Archangel #41 The difference between John Kerry and Ted Kennedy is
Stalking Filth #69.5 that Ted Kennedy has at least one confirmed kill.
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