Tag Archives: lenders

I washed my car yesterday in 40 degree Minnesota cold and then I ate some Ramen Noodles, it cost me nothing and saved me a lot more

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Even notice how a boat with a few holes in it sinks over time and it becomes more worrisome the farther you are from land? I do. Now place this image of a boat sinking on your financial situation. You lose a dollar here, ten over there, $2.50 on that one thing; the boat is your bank account. That boat is sinking slowly and you are out to see, sharks, such as creditors, banks, and lenders are following in the murky deep. We almost sank again, but this time I told my wife instead of paying for a car wash I would do it myself. Watch.

Yesterday day came and went with a car wash in the 40 degree Fahrenheit warm of St Paul, Minnesota. I think people looked at me as though I were crazy, carrying buckets from my basement to splash and lather a car I cannot afford on a side street. Yeah, I feel pretty dumb leasing it, though the lease is up in less than 20 months and we will be on to something new. The whole time I polished this machine I thought of how stupid it made me feel, to live beyond my means. People watched that spectacle, another Subaru driver waved, my neighbor sold a beater and asked me how my day was. Great! Beautiful day!

And that is why I eat Maruchan ramen noodles and rice. (With a price tag of under $5 for a number of meals I can consider myself winning.) SO, imagine now your boat sinking, money floating away, those sharks behind, empty fridge at home, wife wondering what is going to happen, and then $10 is about to go away for a car wash that leaves you wanting better. Yeah, and that car is parked in the garage losing value, begging for insurance to be paid–the expensive kind. I can get a bit cold and wet outside on such a nice day, save us money, buy us time. My debt snowball is about to be rolling, debt avalanche.

After all this, I learned something. If you can’t get creative and do it yourself, it ain’t worth doing. And if your food restrictions do not work with your frugality or goals towards financial fitness, you may need to think about your goals. Because, how I see it, you can either be gluten free or debt free, I know the gluten is asking me to buy their beach house on credit, but that’s just my opinion.  That beach house is where those debt institutions are watching your boat sink slowly from afar, thinking about monetizing your financial death on YouTube (which is another story), so they can earn more.

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An opinion of the 2017 housing market from a millennial who has gone through the home buying process (to a point)

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“Realtor Nene Matey-Keke of RNR Realty leaves a home after a showing in St. Paul on June 7, 2017. Tom Baker for MPR News” – Image from MPR

Disclaimer: This may seem as a lot of fluffy prose and metaphorical goo-goo, but I have no other way of free-playing this into reader’s minds as I wish to. This is not objective science but subjective thought from my experience. Please read this for what it is, an opinion about something I have limited understanding of.

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Frogtown, USA–The housing market to me is paper thin, ask any realtor what they think about the market and they will say it’s great, it’s a seller’s market. But look beyond that.

MPR and other media cover obvious: the market is booming, it is also hard for Millennials to buy, and to no end. What they forget to mention is the other side. One-sided arguments: this is hard, nothing is changing.

Though, think of that change. The other side of the coin is the market crashing. Ask an honest person, my neighbor, who is a realtor, and she will tell you to save no wand in 5-7 years the market will crash.

As a novice of day-trading and stock market and any financial market in America, in relation to the housing market, I understand there is a pattern: things change.

The housing market is hot now, you can sell anything for far more than it is worth. Many people are flipping and buying flipped homes. Great for them, but this is a fad as everything else. It will eventually fade.

Instead of getting sucked in by low interest rates and ease of attaining a mortgage and buying because everyone else is, think. Because everyone else is and it is trendy now, should you do it?

I use the jump off of a bridge analogy. No, I wouldn’t. Though I almost bought a house with my wife. We realized it’s hard work. I do not envy the fixer-uppers.

Take a walk down the street, everyone is selling. But why? Because people will buy anything they think they need. Now you think you need a home. Something way more expensive than you thought it would be–and it is.

And for why? Yeah, you own it. It may appreciate. It may gain value. But at that price if it doesn’t work out and you lose your job it maybe get bad. That is why. I say wait it out, and others have said this too.

Watch the market collapse. Listen as everyone tells you it won’t. Or they cringe at the thought. Like the stock market, or any capitalistic market it is fragile, fragile yet resilient. It comes and goes.

It will come and go, don’t miss it. But don’t get caught up in the hype, the media juicing it because of sponsors. Listen to the radio. “We buy any house and sell it”, why? Because that is there job.

Realtors and lenders describe the market is ways that keeps them in business. That is why I say the market is paper thin, because it is as thin as the money you don’t have to buy it. I have heard get on the train before it leaves the station in reference to buying a home.

But what if that train is going somewhere I don’t want to be. What if it is a doomed train. I want to read more articles on how the market actually is not what people think of the market, ironically.

I want both sides of the story. I won’t read half of a book if the book isn’t finished, nor will I watch half of a movie. Pundits and those whose skin is at risk tell how it is, but where is the science. Every mountain has a peak and a base.

Look and you may see the man behind the curtain, look at you may see it for what it is. A show that is a market that makes those is the “know” a lot of money. The benefit is to make is seem as though it is a certain way when it is not.

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Again: This may seem as a lot of fluffy prose and metaphorical goo, but I have no other way of free-playing this into reader’s minds as I wish to. This is not objective science but subjective thought from experience. Please read this for what it is, an opinion I have a limited understanding of.