Survey released- Americans are 'financially illiterate'

[ShamsWoof10]

And unless you have the money to buy a house outright, you're going to have to acquire a debt to buy a house. Since most people can't afford a house outright, they opt for a mortgage.

Unless they are trying to buy a house at 20 that's NOT TRUE.. I have seen more then my share buy a house 100K+ and pay CASH for it... They saved and invested concervatively... After not too many years they were able to PAY CASH... YOU ARE NOT CORRECT HERE!!! The problem is most people see it the way you do that is why this society is swimming in debt...

Just because it's not taught to work and save your money for a home as opposed to being an over comsumer doesn't mean most people can't do it...

I can show you BLOCKS of people that can hardly f*ckin' read pull this "miracle" off... REALITY!!!

[ShamsWoof10]

I do not wish to spar with someone that takes how they look at things and what they think and automatically make it fact. You have proven that this is how you work by dismissing a legally binding document such as a deed to suit your own needs..

You have nerve to talk... This is exactly my point... It doesn't matter what is fact it's how people view it... You are telling me I am dismissing legal binding documents and so do you... You don't even count the interest you pay on your home as cost... You just dismiss it and it's fact... Each month you make a payment you know how much is interest.. In the beginning it's like 90f*ckin' percent... Guess what that part counts as cost but you dismiss it even though it's fact! It's there in black and white every month but if you sell your house for 5K more then you bought it for you think you made 5K and ...you got it just dismiss the factual interest and closing costs you paid..property tax... what else..?

You sound like one of the people they gave a home loan to that should not qualify...

[swede96]

You can stop now. I'm just not having this discussion with someone who would really use "so hut up!" as an argument.

Talk to me in 5 years. We'll see who has a better assets/debt ratio.

[ShamsWoof10]

You can stop now. I'm just not having this discussion with someone who would really use "so hut up!" as an argument.

That wasn't anywhere in the previous post...

Talk to me in 5 years. We'll see who has a better assets/debt ratio.

Well then your house with likely little equaty will NOT be worth more then my GOLD so sit back little girl I don't think so!

Guess what I actually "OWN" my gold too...LOL

[BadNina]

Again, if there is gonna be a "Who has a bigger dick" argument, I need video evidence.

[The HG]

Ok, I am only going to say this once. Swede, HOW MUCH IS YOUR FUKKING MORTGAGE PAYMENTS?? TELL ME HOW MUCH YOUR FUKKING MORTGAGE PAYMENTS ARE!!

i'm about to go fukking nuts here.

HOW MUCH ARE YOUR MORTGAGE PAYMENTS!!

[swede96]

LOL...HG...I could squish you.

[swede96]

Again, if there is gonna be a "Who has a bigger dick" argument, I need video evidence.

I'm just not arguing anymore. The guy is not even worth it. I have a plan...I'm putting it into action...it's working out very nicely for me. Also, I'm an all around better person....so I probably have more of those priceless assets such as friends and people who love me.

[BadNina]

I'm just not arguing anymore. The guy is not even worth it. I have a plan...I'm putting it into action...it's working out very nicely for me. Also, I'm an all around better person....so I probably have more of those priceless assets such as friends and people who love me.

I know, peanut. I just wanted to see a picture of your dick.

[tacomax]

Unless they are trying to buy a house at 20 that's NOT TRUE.. I have seen more then my share buy a house 100K+ and pay CASH for it... They saved and invested concervatively... After not too many years they were able to PAY CASH... YOU ARE NOT CORRECT HERE!!! The problem is most people see it the way you do that is why this society is swimming in debt...

I can show you BLOCKS of people that can hardly f*ckin' read pull this "miracle" off... REALITY!!!

I would hazard a guess that most first time buyers take on a mortgage rather than buy with cash. But really, what has this got to do with anything? It seems like your avoiding the issue in question. You do that a lot.

So let's get back to it. Read what I wrote earlier. Then read it again. Then tell me why purchasing a house means that you own the house in absolute terms but not in real terms. You might want to define real and absolute as well. I'm assuming the economic interpretation which makes little sense, although that does fit in with your style of posting.

[ShamsWoof10]

I would hazard a guess that most first time buyers take on a mortgage rather than buy with cash.

Most of the first time buyers in this over consuming economy don't save so yeah they have to buy on credit.. They live on it... That guess is nothing special...

They don't even teach this stuff in schools so what do you expect. The average dumbass american has no idea how much things will cost when the interest is added in, and they don't really care, if they get a little over extended say on the car payment or morgage, just go bankrupt and start again.

Still a good post..and why most have to buy a home on credt... The other is because they want something more then they can afford...