byu1's predicament
 

http://www.cougarboard.com/noframes/...tml?id=2918337

I just came up with an idea. I bet if he sold his 350z he could use that to keep his house solvent for a while.

I don't understand why people who spend beyond their means want me to feel badly for them.

But they thought it would turn out different.

I'm sitting on a ARM right now. Am I thrilled? No. But I also have a house that is not that far from 1x my income.

I don't want people to feel badly for me and my 5.5% fixed rate either :)

I understand what you're saying and wasn't talking about you. I meant byu1 in particular and especially agree with your comment about his car.

Edit: ARMs suck and I hate mortgage companies that use them to get business. They do seem attractive, but I am such a miser with my money that I looked at the end of the road and not the beginning when I got my fixed fate for 15 years. The mortgage guy tried to push an ARM at me and when I asked why he objected to me wanting a fixed rate, he had no answer. So I left and went to a bank and got what I wanted.

My brother complains that he can't move out of my parents house, and he drives a nicer car than me (2006 Camry vs. my 2001 sentra).

btw, I like byu1. I'm not rejoicing in his pain. I've suggested he moved to TExas. And of course, I don't offer that to everyone.

We are at 4 5/8 fixed. Neener, neener.

IMO, the only reason to have a car is to get you from point A to point B. Perhaps I'm weird in that sense.

You drive a practical car. Good for you. It gets you to work so you can get on with your career and eventually the big bucks.

You guys have me beat. I'm at 6 1/8 fixed - but I'm in year 8 of 15.