tag:blogger.com,1999:blog-18675105.post5698990304126013883..comments2024-01-15T12:16:41.302+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Get ready shoppers for the Great Homedebtor Firesale of 2007 - 20??bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger43125tag:blogger.com,1999:blog-18675105.post-41153178346452243732007-06-26T21:46:00.000+01:002007-06-26T21:46:00.000+01:00what is the fascination people have with BMWs?Neve...<I>what is the fascination people have with BMWs?</I><BR/><BR/>Never mind Beemers, what about Hummers and Big SUVs?<BR/><BR/>If I ever spend high five figures on a set of wheels that get < 15 mpg, it won't be an SUV. It'll be a fully-restored Sixties classic muscle car.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-39252211144693706882007-06-23T17:13:00.000+01:002007-06-23T17:13:00.000+01:00What happens after 2 years of owning a car? Why yo...What happens after 2 years of owning a car? Why you have a car that is worth 30% less than what you paid for it.<BR/><BR/><BR/>You don't purchase a car then get rid of it 2 years later. The total cost of ownership when leasing is greater if you look beyond the 2 years which was previously pointed out.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-90035689663235336512007-06-22T15:15:00.000+01:002007-06-22T15:15:00.000+01:00Look at the idiot poster "anonymous" arguing with ...Look at the idiot poster "anonymous" arguing with himself above - hee hee hee...<BR/><BR/>You need medication, not financial advice...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-21707923442267749432007-06-22T13:53:00.000+01:002007-06-22T13:53:00.000+01:00You sir, are the perfect idiot I was talking about...You sir, are the perfect idiot I was talking about. Funny how after all your mathematical gymnastics, you forgot to mention the part about what happens when the lease is up. I don't care how you paid for it - you paid, the lease is up, and now you don't have a car. Or maybe you do - because you went and leased another one. <BR/><BR/>June 21, 2007 5:26 PM <BR/><BR/><BR/>---------------------------------<BR/><BR/>What happens after 2 years of owning a car? Why you have a car that is worth 30% less than what you paid for it. Either you lease and you pay 30% of the price or you buy and lose 30% of the price through depreciation. Either way it costs you the same amount to drive that car. Except that with buying you've paid sales tax on 100% of the car vs. only paying sales tax on 30% with a lease.<BR/><BR/>You sir are truly an idiot if you can't understand such a simple concept.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-34575737683490254772007-06-22T13:49:00.000+01:002007-06-22T13:49:00.000+01:00a $30K will not blow my mind. you have swallowed t...a $30K will not blow my mind. you have swallowed the card&driver kool-aid too much my friend. 3 series bmws are a joke. they were only introduced to tap into the $30K millionaire market and kudos to bmws for awesome brand mgmt that every 25 year old urban hipster doofus wants one.<BR/><BR/>as far as performance goes, good luck with that.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-45627262295326774052007-06-22T01:26:00.000+01:002007-06-22T01:26:00.000+01:00Loaded V6 Camry with carpet seats versus the bulle...Loaded V6 Camry with carpet seats versus the bulletproof BMW 3.0L inline six, one of Ward's 10 Best Engines in the world. The Camry is a good car for an average person who doesn't care about cars, the same way the Price Club/BJ's Wholesale/Sam's Club sells jeans for people who don't care about fashion. But if pushing on the gas pedal triggers your brain to release dopamine, then a $30k BMW will blow your mind. So will a $60k BMW, but then you probably need to study up on "marginal utility".gregorywhttps://www.blogger.com/profile/13900940292043774887noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-66007674455951969792007-06-21T19:41:00.000+01:002007-06-21T19:41:00.000+01:00Anyone who strongly recommends 'FLEECING'..ughh I ...Anyone who strongly recommends 'FLEECING'..ughh I mean LEASING probanly also signed up for the 50 year Interest Only Option ARM and sucked the HELOC for another 100k after signing IN LATE 2006. Let us know when the 20 inch rims and granite tops are on eBay and craigslist douche bag!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-24393927357972965352007-06-21T18:29:00.000+01:002007-06-21T18:29:00.000+01:00>> Leasing can be a great deal.Yeah, for the deale...>> Leasing can be a great deal.<BR/><BR/>Yeah, for the dealer and leasing company.<BR/><BR/>"Leasing can be a great deal" = "It's ALWAYS a great time to buy (real estate)!"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12154583354204470482007-06-21T18:26:00.000+01:002007-06-21T18:26:00.000+01:00>> +++++Leasing can be a great deal. All depends o...>> +++++<BR/>Leasing can be a great deal. All depends on the lease. I leased an Audi A4 for $279 a month, 24 months with $400 down. Total cost for 2 years of ownership was $7096.<BR/><BR/>Had I bought it for $34K which is what the "selling" price for the lease was, depreciation over the first 2 years would have been at least $10K.<BR/><BR/>>> And on top of that my $34K that would have been used to buy the car earned me about 10% a year invested, meaning about the entire cost of my lease was paid via that investment.<BR/><BR/>Also instead of paying sales tax on the full price of the car, I only paid tax on the lease potion, saving an extra $2K right there.<BR/><BR/>Saying leasing is the dumbest way to buy a car only shows how financially slow you are.<BR/><BR/>Wise up.<BR/><< +++++<BR/><BR/>You sir, are the perfect idiot I was talking about. Funny how after all your mathematical gymnastics, you forgot to mention the part about what happens when the lease is up. I don't care how you paid for it - you paid, the lease is up, and now you don't have a car. Or maybe you do - because you went and leased another one.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-71939914425268170512007-06-21T05:20:00.000+01:002007-06-21T05:20:00.000+01:00Listings have soared on Ebay on some of my favorit...Listings have soared on Ebay on some of my favorite categories, but so have the starting prices. Seems that the FB's are holding out for the "price that they deserve" for their not-needed bling just like their "not able to pay for" McMansions!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-2540851292405053592007-06-21T03:37:00.000+01:002007-06-21T03:37:00.000+01:00lol at the rediculous hummer .... I live in Scotts...lol at the rediculous hummer .... I live in Scottsdale and there is no shortage of these with tacky oversize rims... the people who own them drive like complete aholes.Davehttps://www.blogger.com/profile/07857669118985011886noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-76446605801520113862007-06-21T03:36:00.000+01:002007-06-21T03:36:00.000+01:00BMW? HAHAHA.I'm a porsche guy myself and actually...BMW? HAHAHA.<BR/><BR/>I'm a porsche guy myself and actually follow the used 911 market as an informal indicator.<BR/><BR/>993's have actually increased in price over the last 2 years.<BR/><BR/>99-01 996's have tanked in the last year alone.<BR/><BR/>02-04 996's aren't far behind.<BR/><BR/>but who wants a waterpumper anyways.<BR/><BR/>just my opinion.<BR/><BR/>And yes I made the mistake of owning a BMW.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1266380443405483462007-06-21T03:29:00.000+01:002007-06-21T03:29:00.000+01:00I usually always buy my cars but leased my last on...I usually always buy my cars but leased my last one. I did this because I needed a car at the time. However I knew all this was coming and wanted to hand them the keys in 3 years and buy the Porshe toy from an idiot homedebtor. <BR/><BR/>Sequoia512Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-34256773705725513562007-06-21T01:48:00.000+01:002007-06-21T01:48:00.000+01:00A Camry doesn't even compare to a BMW. Even a full...A Camry doesn't even compare to a BMW. Even a fully loaded Camry can't carry a 325i's jockstrap. It's a completely different feel. It's much quieter, smoother, more solid and much better handling. BMW's are fun cars to drive. Toyotas and Hondas are practical cars.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-11482455671269805292007-06-20T22:58:00.000+01:002007-06-20T22:58:00.000+01:00camry vs bmwdepends which bmwbetween a base 325 or...camry vs bmw<BR/><BR/>depends which bmw<BR/><BR/>between a base 325 or a fully loaded camry v6 I'll take the Camry<BR/><BR/>the 325 has to be the most over rated and over priced vehicle out there<BR/><BR/>now an M3, M5, or 7 series is of course a whole different story. However those are also anywhee from 3 to 5 times the cost of a Camry.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-3507122367215425982007-06-20T22:56:00.000+01:002007-06-20T22:56:00.000+01:00Leasing can be a great deal. All depends on the le...Leasing can be a great deal. All depends on the lease. I leased an Audi A4 for $279 a month, 24 months with $400 down. Total cost for 2 years of ownership was $7096.<BR/><BR/>Had I bought it for $34K which is what the "selling" price for the lease was, depreciation over the first 2 years would have been at least $10K. <BR/><BR/>And on top of that my $34K that would have been used to buy the car earned me about 10% a year invested, meaning about the entire cost of my lease was paid via that investment.<BR/><BR/>Also instead of paying sales tax on the full price of the car, I only paid tax on the lease potion, saving an extra $2K right there. <BR/><BR/>Saying leasing is the dumbest way to buy a car only shows how financially slow you are.<BR/><BR/>Wise up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-18215104823450570502007-06-20T22:47:00.000+01:002007-06-20T22:47:00.000+01:00area 51 said... Anonymous 6:05Don't get mad at me,...area 51 said... <BR/>Anonymous 6:05<BR/>Don't get mad at me, not my fault you're unemployed and your wife has to turn tricks. <BR/><BR/>June 20, 2007 6:50 PM <BR/><BR/><BR/>You sound like a 12 year old.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91723303900426397812007-06-20T22:00:00.000+01:002007-06-20T22:00:00.000+01:00A Camry is not comparable to a BMW.A Camry is not comparable to a BMW.burn baby burnhttps://www.blogger.com/profile/01305528692068486872noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50599269027083620092007-06-20T21:29:00.000+01:002007-06-20T21:29:00.000+01:00Shocking note for you car buyers: leasing is the d...Shocking note for you car buyers: leasing is the dumbest way to buy a car. If you can't pay cash, you can't afford it - period. And please spare me the mathematically moronic arguments in favor of leasing, especially the one about "...getting more car for the money..."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-29030996869608402832007-06-20T21:28:00.000+01:002007-06-20T21:28:00.000+01:00A BMW has a very low cost of ownership if you buy ...A BMW has a very low cost of ownership if you buy the lowest 3.0L model, take it european delivery and save a few grand, only pay $800 over invoice price, watch the options sheet (6 speed manual works fine folks), buy it for 5.0% from the credit union, and keep it for 6 years. In fact, the cost of doing that is equal to leasing two Toyota Camrys back to back for three years each. Ask me how I know.<BR/><BR/>Like with housing, don't do it unless it makes financial sense on a spreadsheet with realistic assumptions.gregorywhttps://www.blogger.com/profile/13900940292043774887noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-54666726587939499192007-06-20T21:23:00.000+01:002007-06-20T21:23:00.000+01:00>> What is the fascination people have with BMWs?H...>> What is the fascination people have with BMWs?<BR/><BR/>HEY! It's the Ultimate Driving Machine! Well, at least the ones that don't have an automatic transmission. Note to you guys looking to pickup a used Bimmer: don't get a late model one with an auto tranny. BMW is having BIG problems with these things...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-39588734024785830022007-06-20T21:01:00.000+01:002007-06-20T21:01:00.000+01:00"PUHLEEZE. This kind of socialist talk is ridiculo..."PUHLEEZE. This kind of socialist talk is ridiculous. You want to make 190X average employee money? Work your ass off and become a CEO yourself. Or start your own evil tech company and make 1000X your salary now.<BR/><BR/>You sound pathetic and like a whiny little bitch."<BR/><BR/>-------------<BR/><BR/>You sure read a lot into Area 51's three line post. I think someone needs a hug.TMhttps://www.blogger.com/profile/16972726941993291842noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-9950786868276967782007-06-20T20:18:00.000+01:002007-06-20T20:18:00.000+01:00Oh, yeah, there's a realtor (wanna-be developer) w...Oh, yeah, there's a realtor (wanna-be developer) who was driving a slick $500k Mercedes coup around Bakersfield a few years ago, posing as a big-wig. Jets, expensive suits, watches/jewelry, a huge house, multiple fast cars, bodyguards with even a K-9 team!<BR/><BR/>Of course, 5 years ago the guy was working for UPS as a driver. A real "rags to riches" story.<BR/><BR/>Comes out the guy was leasing the cars, and was so heavily-leveraged in real estate (now debt) that he's returned the car, owes everyone in town money, and is going into default on a number of his "can't miss investment" properties. Worse part is he dragged his family and relatives into the mess, creating a little empire based on buying real estate.<BR/><BR/>Tons of default notices, and the recently IRS placed a lien for $111k on one of his properties for failing to pay 2005 taxes.<BR/><BR/>Maybe Casey might need a cell-mate?Adamhttps://www.blogger.com/profile/04160464820062943012noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-57587216996023036012007-06-20T20:16:00.000+01:002007-06-20T20:16:00.000+01:00eBay Motors just had a listing sale, only $1, norm...eBay Motors just had a listing sale, only $1, normally its a $40 to list a vehicle. So if you want to shop for a BMW you will have GOBS of choices on ebay motors right now. <BR/><BR/>But like the other poster said, I'd rather have a Toyota Camry. In any case ebay is PACKED with listings right now.<BR/><BR/>As far as acquiring cheap toys is concerned, most of them guzzle gas although I'll probably pick up a mid-sized bike in the next year. Its more important to me to ride a bicycle, stay in shape then sit on my ass in a big expensive toy. The motorhomes need to be recycled.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-25316214153946669032007-06-20T20:05:00.000+01:002007-06-20T20:05:00.000+01:00Funny you mention BMW: a financial radio show host...Funny you mention BMW: a financial radio show host mentioned how he was doing some counseling with a couple where he drove a 5-series BMW, and she drove a newer Mazda. He was paying $800/mo, and she was paying $600/month.<BR/><BR/>The problem? He earns $14/hr, and she earns $12. He didn't say if they purchased the cars via MEW or not...<BR/><BR/>Yeah, there's a lot of people who are stretched thin by their consumer culture.Adamhttps://www.blogger.com/profile/04160464820062943012noreply@blogger.com