Quote:
Originally Posted by hotkarl
All these contractor guys are hurtin'
They all made pretty decent money up until a few years ago, but they all tried to live way, way beyond their actual means, and also with the carefree mentality that the money would not end. They all tried to live like wanna be mafioso types with fancy McMansions, Hummers, Massive p/u trucks, boats, jet ski's etc...but did so on home equity loans and credit cards. Now they're all in trouble. At least all the goofballs living by me. Almost every one of these knuckleheads now have "For Sale" signs on their front lawns.
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Not 'all'. Some of us have lived like the ant, watching the grasshopper playing with no regard for the future.
We're living fine, business slowed with the recession and the housing bubble bursting, but clients with money are still having work done.
Not 'all' of us are 'mafioso type'. There are many of us who have been shrewd, lived well within our means and who have saved for a rainy day.
I don't have a Hummer, a McMansion or jet skis, either. Just not my style.
HELOCs -- many LIers are guilty as sin of living off them to support their 'lifestyle' of the not so rich but wannabe.
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