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02-10-2013, 10:03 AM #91
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02-10-2013, 10:03 AM #92
Sure thing. Thats if your still on a bodybuilding forum, maybe you'll try lifting one day? and you didn't answer my question where do you work and as what? and you likely just bought a house as you have a mortgage = massive fail, good luck when your house devalues by 30% and you can no longer afford it
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02-10-2013, 10:04 AM #93
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02-10-2013, 10:04 AM #94
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02-10-2013, 10:05 AM #95
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02-10-2013, 10:05 AM #96
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02-10-2013, 10:07 AM #97
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02-10-2013, 10:08 AM #98
Mortgage is 8 years old.. plus in Edmonton our houses are nothing like vancouver when interest rates rise and prices fall i'll be just fine bro thanks for the concern though.
Either way the house won't devalue like that truck will in the tar sands!
Oh well, i've made my point. The truck looks cool as phuck op i'll give you that, enjoy it man just don't drive like a douche in it.Lets get shredded for summer brahs
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02-10-2013, 10:10 AM #99
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02-10-2013, 10:12 AM #100
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02-10-2013, 10:12 AM #101
Your logic is failing you. Saying a mortgage is a worse investment than a 100000k truck that will have very low resale value in only a few years because you are using it for oilsands work is beyond comprehension. And bringing up lifting is scratching for straws; it is a failed argument based on logic and not reason.
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02-10-2013, 10:12 AM #102
Its called going "underwater". If you bought a house worth 500k and the housing market crashes (which it will) and that house is now worth 300k, then you have "negative equity" in your home. You could sell the house but still owe the lenders the remaining 200k + interest + whatever you didn't own. You cant refinance unless you own over 20% equity. Sure, you could stay in that house for the (likely) remainder of the 30 year mortgage and hope the housing market improves back to the levels you bought in at (but it wont because we are in a huge bubble) and you will ultimately lose a bunch of money (keep in mind the interest rates are also based on the 500k, not your homes value). Thats my understanding as a non-home owner
I never said it was a worse investment then the truck, but buying a house right now is extremely stupid unless you get a steal of a price. The truck itself is NOT an investment and its something that I wanted for fun and for work. I can afford it so im not mad. It seems like non-lifters must stick togetherLast edited by LaCosaNostra90; 02-10-2013 at 10:17 AM.
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02-10-2013, 10:14 AM #103
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02-10-2013, 10:18 AM #104
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02-10-2013, 10:19 AM #105
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02-10-2013, 10:20 AM #106
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02-10-2013, 10:20 AM #107
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02-10-2013, 10:23 AM #108
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02-10-2013, 10:23 AM #109
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02-10-2013, 10:23 AM #110
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02-10-2013, 10:24 AM #111
Lifting argument is still invalid but FYI I lift 3 times a week in my home gym. There are many different housing stratagies that can work, but everyone has to live somewhere. Renting can give you freedom/flexibility but generally will cost you more in the end. If you max your payments on the mortgage it is a nobrainer to buy when you look at the numbers. It all depends on your circumstances, especially relating to where you live/work, and the flexibility you require. BTW anything you spend money on can be considered an investment, you are just accepting to take a 90% hit on you investment, which all oilsands trucks will do. Also since you are making payments Im guessing you will be paying over 150% of the sticker price on that truck.
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02-10-2013, 10:26 AM #112
- Join Date: Aug 2011
- Location: Roseville, California, United States
- Posts: 13,349
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Sweet mall crawler. Im sure that thing will never see any serious dirt other than a driveway or too
Thanks for your input, you frauding fat slampig-Sirfapsalot '20
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02-10-2013, 10:26 AM #113
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02-10-2013, 10:27 AM #114
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02-10-2013, 10:29 AM #115
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02-10-2013, 10:30 AM #116
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02-10-2013, 10:31 AM #117
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02-10-2013, 10:33 AM #118
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02-10-2013, 10:34 AM #119
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02-10-2013, 10:35 AM #120
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