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Brown Cafe UPS Forum
UPS Discussions
Dow Jones, pension funds, our savings
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<blockquote data-quote="freeloader" data-source="post: 418736" data-attributes="member: 12163"><p>I've always tried to live within my means. The house I bought was only 150k and I financed it 30 yr fixed. My cars are paid for. I saw everyone else buying houses for 300k, interest only mortgages and taking out lines of credit to buy expensive cars. 5 years later, its all caught up to them. No more interest only mortgage payment and they are unable to sell the place. Now they are screwed. It's really all about living within your means.</p></blockquote><p></p>
[QUOTE="freeloader, post: 418736, member: 12163"] I've always tried to live within my means. The house I bought was only 150k and I financed it 30 yr fixed. My cars are paid for. I saw everyone else buying houses for 300k, interest only mortgages and taking out lines of credit to buy expensive cars. 5 years later, its all caught up to them. No more interest only mortgage payment and they are unable to sell the place. Now they are screwed. It's really all about living within your means. [/QUOTE]
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