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re: Is it Really That Bad Out There?

Posted on 8/21/24 at 1:25 pm to
Posted by Pauvetibete
Member since Apr 2022
1731 posts
Posted on 8/21/24 at 1:25 pm to
I mean, me neighbor who lives in a 275k home, inside of a 250-350k neighborhood, who's wife drives an Escalade is currently on food stamps for their 5 kids and is wife is bragging about it on Tik Tok.
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
35843 posts
Posted on 8/21/24 at 1:45 pm to
Friend of mine is a GM at a GMC dealership. A lot of cash transactions in the 50 -70K range. He suspects a lot of people are using their HELOCs to pay for it. Because his market experience is that few even in the 200K range have that kind of cash sitting in a savings account...much less a checking account.
Posted by Grievous Angel
Tuscaloosa, AL
Member since Dec 2008
10707 posts
Posted on 8/23/24 at 7:10 pm to
quote:

Would it make you happier if disabled vets were driving beaters?


Would make me feel better if there were fewer of them and they weren't driving 100k escalades.

I'm sure some of it's legitimate. I'm also sure most of it is not.

I know personally of one with a bullshite diagnosis. Sounds like he/she's getting 40k per year for the rest of their life. Was reserves. Saw no combat. On top of all the other benefits. Works right along side of me, who pays at least 40k in taxes every year.


This post was edited on 8/23/24 at 7:12 pm
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