Quote:
Originally Posted by jazzlover
Most of the people that I see with all the toys are in debt up to their eyeballs. They will be in one hell of a mess when they're 70 years old and still have to work because they've saved nothing. I go by the old adage, "Never borrow money to buy anything that depreciates in value." Anything with an engine in it pretty much fits that description.
|
I've always thought it was an odd coincidence that the neighborhoods where people park their yards up with motorized toys ended up having foreclosure rates 50 times higher than other nearby areas. How'd they all end up living in the same area? Coincidence doesn't account for that kind of variation.