Comments | drunkmuppet: Money Addiction

drunkmuppet

Money Addiction

Dec 05, 2007 10:55

In light of two conversation I have had with individuals in the last few weeks I wonder about the addictive qualities of money ( Read more... )

social issues, money, debt

Comments 16

elizabethf December 5 2007, 16:07:11 UTC

Um, it's called learning to deal with reality and no, I wouldn't dream of asking someone else to pay for my "withdrawal" if I bought stuff I couldn't afford. Debt is a personal responsibility issue.

But then, we never did agree on anything politically. heh.

BTW, I saw Alexis at a hockey game recently. Didn't get to say anything to her, just saw her there. You two still keep in touch?

Um drunkmuppet December 5 2007, 16:35:38 UTC

Yeah,
Not quite sure I agree with you. Many people have been led by so called experts into buying something that is not what it seems.
This was not directed at you personally but some people sell things that are not quite what they seem.

Re: Um elizabethf December 5 2007, 16:40:38 UTC

Oh, I never dreamed it was directed at me. My comments were in a general sense, as usual.

Re: Um drunkmuppet December 6 2007, 01:59:30 UTC

You know how i feel about mortgage brokers and realtors, but I am not going to stereotype because I know you personally.
I am 0 for 4 wtih the aforementioned folks.

Thread 11

(The comment has been removed)

Couple of things drunkmuppet December 6 2007, 01:56:42 UTC

1 Built on spending-If they are spending disposable income fine, but it is credit. So if rates had been higher 5 years ago would we have had the recession then? Will it now be multiplied by the fact there is so much unsecured debt financing our spending ( ... )

Re: Couple of things anonymous December 6 2007, 03:34:08 UTC

1a) I don't have enough info to speculate on that. I suppose higher rates would mean fewer people paying, but those fewer paying would be paying higher rates. Maybe a lesser recession, but a more stable economy long-term? I don't know ( ... )

Re: Couple of things drunkmuppet December 6 2007, 13:08:29 UTC

I have lots to say but no time this morning. I will get back to this.

enoneoftheabove December 6 2007, 00:49:16 UTC

YES. Predatory lenders are no better than drug dealers.

enoneoftheabove December 6 2007, 00:57:53 UTC

In fact, I just read a piece about credit card companies raising rates despite the credit card user not doing anything wrong (missing a payment, for instance). People are convinced that they need a bunch of expensive stuff to be happy, and then they end up spending years paying for the privilege of having debt. I know easy answer is "just don't have debt", but don't we all expect to have a credit card or two, buy a car with a loan, a house with a mortgage? And aren't people losing their homes left and right these days? The whole system is bad! Fortunately, there's getting to be a lot more awareness of the problem, but many people are really being victimized by "introductory rates" and the trappings of the so-called "American dream". Worse, many young people are coming out of college with an insane sense of entitlement, because their helicopter parents never told them "no", that they can't quite connect with the idea of not just flashing a credit card and getting whatever they want, right now, and paying for it at some unknown time in ( ... )

enoneoftheabove December 6 2007, 01:02:40 UTC

AND, I just found out there's a class action suit against Visa and Mastercard for illegal fees on international charges. See how they sneak that suff in there?

Tell me about it drunkmuppet December 6 2007, 02:00:57 UTC

You should see the fees they hit you for at an atm in Rwanda!