Billie Joe Armstrong Renounces US Citizenship.

[drmmrr55]

Awesome. I was waiting for his opinion on the matter. Once I hear from Trailer Hitch I’ll know how to proceed.

BFD

 

[CB91710]

People around these parts have $3000 mortgages and work at Denny's. I see teenagers driving giant lifted 3/4 ton trucks that are less than 5 years old and probably cost over $60k. I have no idea how anything functions in this world anymore

Too many years of cheap credit.
2008 washed out most of the sub-prime homeowners... got those who should be renting back into rentals (and moving every 6 months).
Some were able to mature and tough it out... but we still had another 12 years of "easy" credit... and while not cheap on unsecured loans, auto loans could be had for 0.9% to 1.9%
Out of all of my debt, the $1000/mo in car payments bothered/bothers me the least, because those two cars are only going to cost me $3000 in interest over the 5 year span. My mortgage costs me that much in interest in 3 months.
And it only takes a FICO of 700 to get that kind of interest rate.
Oh... your FICO is only 650? Here... we'll LEASE you that $60,000 truck. Your payment will only be half of what it would be if we wrote a purchase loan, work on your credit and you can finance the residual in 3 years.
So they end up paying for 10 years and $200k for that $60k truck.

 

[Zungle]

People around these parts have $3000 mortgages and work at Denny's. I see teenagers driving giant lifted 3/4 ton trucks that are less than 5 years old and probably cost over $60k. I have no idea how anything functions in this world anymore

Same over here......

I do some work for a rental agency in Lacey.....

The guy owns about 160 homes in the area.....not one of them rents under $2500 but the renters range from Barista's to Retail workers....

Seems like alot of them must not be eating.....or ....Target is paying $35-$40 an hour......??

I have no clue how they're making a car payment or putting gas in it ?

 

[Zungle]

Hey.....

Whats the chance we could replace this.....

I got a problem

I'm addicted to my LP Custom and I just can never get tired of it. This model is a 2011 I believe. It's been my number one since I got it 3 years ago. Just an awesome guitar all around. Neck is perfect. Action isn't too low or too high. Pick-ups are high output and have a nice warm feeling. I...

www.mylespaul.com

With this.....

Billie Joe Armstrong has a small weiner

The David Lee Roth thread had me searching and I found this.... Groupiedirt.com - groupie gossip, sex with rock stars, groupies Kind of funny to read.... Some passages.... Green Day frontman Billie Joe Armstrong has the smallest penis of any rock star we know about. Billie's "little willy" is...

www.mylespaul.com

Could be fun.....??

 

[LtDave32]

I ain't did nuttin....

I gots alibis.... ten or twelve of em...

That must cost you a bundle in payout ..

 

[CB91710]

That must cost you a bundle in payout ..

5 gallons of gas

 

[Dilemma]

Same over here......

And here. When I see a Chevy High Country pull up beside me at a stop light I can’t help but wonder what this kid does for a living that puts a $70k truck under his ass.

 

[TheX]

We done busted out of middle class when we eliminated our credit card debt

That's what keeps the middle class stressed out and living like they're impoverished.

BIG weight off of the shoulders, when it's the last day of the month, and instead of thinking "I hope I have enough for the mortgage next week" you're thinking "Should I double or triple the payment this month?"

My only debt is a little left on my house.

 

[SteveC]

I thought I was doing ok but everything around me (including rent) is so expensive. Then I found out the average salary in my area is $125,000.

No wonder everything's so expensive here.

I imagine California is very similar. You can make a ton of money and still be poor because your rent and everything around you is just ridiculously high.

Yep... when we moved out there years ago, our #1 priority was to 'beat the housing market'. That meant getting to a home as quickly as possible, at the expense of everything else. It took us a bit over 2 years to do that.

Afterwards, things were comparable to back here. A bit higher, but not st00pid higher. We didn't mind paying the premium for the weather and the scenery, though.

Now, I cannot imagine ever being able to move back there.

 

[slug_maine]

The way I see it is the Federal Reserve did the country a grave injustice by failing to normalize interest rates once we were over the hump on the 2008 Financial Crisis.

 

[SteveC]

180k a year in CA puts you in the bottom 10%

Easily.... you'll laugh when I tell you that back in the 80's we were making about $65K, combined income, living in the Valley.

And our first home here cost us $176K, with a 14.5% adjustable mortgage.

But, we were able to afford life, with our two kids.

 

[Kamen_Kaiju]

Yep... when we moved out there years ago, our #1 priority was to 'beat the housing market'. That meant getting to a home as quickly as possible, at the expense of everything else. It took us a bit over 2 years to do that.

Afterwards, things were comparable to back here. A bit higher, but not st00pid higher. We didn't mind paying the premium for the weather and the scenery, though.

Now, I cannot imagine ever being able to move back there.

my rent here (outside DC) is about $2,500. per month. I really can't shake the feeling that I could just buy a house in another State for what I'm paying for rent here.

So I'm looking at places down South and trying to figure out how to move me and the family.

Things here are shitty anyway, for reasons we can't mention on the board.

 

[SteveC]

my rent here (outside DC) is about $2,500. per month. I really can't shake the feeling that I could just buy a house in another State for what I'm paying for rent here.

So I'm looking at places down South and trying to figure out how to move me and the family.

Things here are shitty anyway, for reasons we can't mention on the board.

You are 100% correct - for that kind of coin, you could EASILY make a mortgage payment.

I used to go to Reston all the time on biz. In/around/near the Beltway is crazy. And, the traffic is FUBAR. Worse than CA.

My youngest is in the same position... she pays about $2200/mo in rent. I keep telling her to BUY something... anything.

 

[slug_maine]

That's been the conspiracy theory for quit a while. I, for one, don't buy into it. But, then again, I don't subscribe to ANY conspiracy theories.

I subscribe to most conspiracy theories, they seem to jive with what I see, more so than the commonly accepted narrative. Sometimes a laptop is a laptop.

 

[Rob H.]

we can't discuss it, but it seems that crushing the middle class is part of The Plan

I don’t know who “they”’ are, but they certainly seem to want me to have less.

Less money, less meat, less gasoline, less individual freedom, less political power.

 

[Zungle]

The way I see it is the Federal Reserve did the country a grave injustice by failing to normalize interest rates once we were over the hump on the 2008 Financial Crisis.

Dam good call.....I've been same thing for 12 years or more....

Leaving rates so low was putting a band-aid, on a band-aid on, a band-aid.

It stripped savers....(not to be confused with investors) of the ability to earn any $$ without playing the market and set table for overpriced housing to return.....

Also non pensioned middle class savers had their retirement's and future retirements destroyed.

No longer could a working person save $300-$500k and take interest only payments to supplement retirement ($10-20k per year, even more)......bank interest was destroyed and for so long they basically de-prioritized the entire notion.

This forced way to many people into the market that otherwise shouldn't be there......

The negative ripple of longterm low interest is real......

Its very much like a high minimum wage......and its negative impacts.

Now we're dealing with both...

 

[Zungle]

You are 100% correct - for that kind of coin, you could EASILY make a mortgage payment.

I used to go to Reston all the time on biz. In/around/near the Beltway is crazy. And, the traffic is FUBAR. Worse than CA.

My youngest is in the same position... she pays about $2200/mo in rent. I keep telling her to BUY something... anything.

Right now my newly married daughter(youngest child) and her husband are doing pretty well at their age ....earnings topping $110k this year....and my son in law will be getting more $$ each year for 2-4 more years minimum....their savings is approaching $80k and each has a pension .......not bad at 22 and 23 years old.....way way ahead of my dumb 23 year old ass.

They rent a nice 2 bed condo for $1350 from one of their old highschool teachers that adores them and will keep the rent cheap to keep them in there.....

I've been preaching to them to continue to save, keep debt down and stay poised.........make themselves ready to purchase.

Housing inventory quadrupled in my county in 1 week and the bidding wars are gone......there will be better value coming , stay ready.

 

[PeteK]

Wenatchee, WA Real Estate Market | realtor.com®

Learn more about the Wenatchee, WA real estate market and housing market.

www.realtor.com

Median home listing price here is $585k.

Fuck my life this place is ridiculous. I really like my job and this is a great area to live, but this shit is waaaay out of control. Haven't seen much of a slowdown yet with interest rates. My coworker just listed his house last Monday and had a full price, cash offer by Friday. I might seriously need to consider relocating.

 

[Shred Astaire]

Dude I would kill for that price lol.

Median home listing price here is $585k.

 

[James R]

Over a million bucks for a first home here.
Condos in the five to six hundred thousand range.
It's harsh.