tag:blogger.com,1999:blog-37147734.post1243336793066903931..comments2024-02-05T03:19:36.585-05:00Comments on Living Almost Large: Debt Perspective?Living Almost Largehttp://www.blogger.com/profile/06594523259748625997noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-37147734.post-76444500901434373442007-09-27T20:53:00.000-04:002007-09-27T20:53:00.000-04:00I am $450k in debt for the house. I have $17k deb...I am $450k in debt for the house. I have $17k debt for student loans for my DH's MBA. <BR/><BR/>The 884 is for a couch I have the cash to pay for. But we chose not to. <BR/><BR/>So I don't quite know why I am worrying when I have so much debt. And fiscaldude when you pay $450K mortgage for a townhouse then tell me I'm not in a High COLA. I don't have CC, car loans, etc. Because I live in such a HCOLA I can't afford it and house.Living Almost Largehttps://www.blogger.com/profile/06594523259748625997noreply@blogger.comtag:blogger.com,1999:blog-37147734.post-2705092126234410402007-09-27T10:54:00.000-04:002007-09-27T10:54:00.000-04:00Your half a million dollars in debt? and your not ...Your half a million dollars in debt? and your not worrying over 884 dollar 0% interest charge? Why don't you just save your money and pay cash? and don't say because your cost of living is too much....Your cost of living isn't high....Your half a million in debt...Stop making excuses for your lack of responsibility, stop taking on more debt, and pay off your debt!!!!!!!!!!!!!!!!<BR/><BR/>How come a light bulb didn't turn on in your head after you hit 100K in debt?fiscaldudehttps://www.blogger.com/profile/16871179465480251693noreply@blogger.comtag:blogger.com,1999:blog-37147734.post-17616583124468297732007-09-23T23:15:00.000-04:002007-09-23T23:15:00.000-04:00Actually I have the cash set aside for the couch. ...Actually I have the cash set aside for the couch. Set it aside in June, but wanted to get a coupon discount of $100 and needed to put it on the store card to do so. So I did, then it turns out they offered 0% financing for a year, I was going to pay it off. And DH said why? And so I didn't and I feel so guilty.Living Almost Largehttps://www.blogger.com/profile/06594523259748625997noreply@blogger.comtag:blogger.com,1999:blog-37147734.post-40514292448620075042007-09-21T11:46:00.000-04:002007-09-21T11:46:00.000-04:00the difference is, the house you need (or at least...the difference is, the house you need (or at least, you need a roof over your head.) also, it's pretty near impossible to buy a house for $250k, the national average, in the DC area.<BR/><BR/>Also, the house itself is collateral for if you couldn't pay it. You could always sell it if you decided it was too much for you, and there'd probably be no stigma<BR/><BR/>The student loans, you have to pay regardless, and there's no collateral. But at least it's for something "practical" like school, and not a whimsical harley or something.<BR/><BR/>The couch bothers you because it was something you wanted (even though you probably needed it). This is where want and need get fuzzy, and it's the problem a lot of consumers have. Also, if they have to repossess the couch if you stop paying, that is embarrassing, and if you sell it you won't make nearly what you paid.<BR/><BR/>Trust me, I'm in the same boat as you (large DC-area mortgage, "good debt" student loans, etc.) and am always asking myself why I feel so poor. It's because I am!Anonymousnoreply@blogger.com