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  • From: bob ford <bobford79 AT yahoo.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] It depends on whose ox is being gored.
  • Date: Thu, 16 Oct 2008 14:04:11 -0700 (PDT)

Lynn, I am like your parents. I paid off my house in under seven years.
Though My vehicles were all bought new, one is a 1984, one is 1995, one is 6
months old (all are paid for).

But, most young people have to borrow to even buy a used car; and lets face
the facts, young people want a nice looking car, and spend too much for
perceived appearances. I am not that way, but to a certain extent, I was a a
young man. I wasn't ever really a car person, so my extravagances were much
less expensive.

I can't argue with you because I essentially agree with you, but that is not
the way our society has taught young people to behave. If you still have
children at home, I hope you can instill qualities in them that most young
people are no longer taught. ....bobford


--- On Thu, 10/16/08, Lynn Wigglesworth <lynnw1366 AT hotmail.com> wrote:

> From: Lynn Wigglesworth <lynnw1366 AT hotmail.com>
> Subject: Re: [Homestead] It depends on whose ox is being gored.
> To: homestead AT lists.ibiblio.org
> Date: Thursday, October 16, 2008, 2:47 PM
> Bob; I think that's a 'new' version of the
> American Dream. My parents
> grew up in the depression. They had a small mortgage on
> their first
> house, and scrimped to pay it off in a couple of years. It
> was the only
> debt they ever incurred. They built their second house over
> 3 years, as
> they got the money. They NEVER owned a new car, they bought
> what they
> could afford. They wouldn't even USE a credit card. The
> world operates
> just fine for people who don't use credit. Maybe a
> system built on debt
> is wrong and essentially unstable; maybe it needs to be
> based on
> something with real value.
>
> The idea of financing everything so you can live above your
> means is, I
> think, a new-age idea, and clearly can get people in over
> their heads.
>
> Lynn Wigglesworth
>
>
> bob ford wrote:
> > That is something else I don't know how to answer.
> If we had no debt (used no credit) there would be no money.
> Our economic system is built on debt.
> >
> > I don't know about where you are from in Wisconsin
> or how it is in Missouri. But, in alot of places, a man
> graduates high school, and , if he doesn't go to
> college, he trys to get a good job. He borrows to buy a car
> to go to work.
> >
> > He meets a girl, gets married and they borrow to buy a
> house. Those are the two largest expenditures in most
> people's lives; and for most people, just those two
> things keep them in debt for most of thweir lives. And that
> doesn't include the debt from raising children, their
> college, doc bills , etc.
> >
> > If the young man went to college, it would only be
> slightly differnt. He might have a better paying job and
> marry a couple of years later, but still living in debt
> pretty much for ever.
> >
> > That is the system, and it isn't right when
> people who played by the rules of that system are screwd
> over by people who cheated ....bobford
> >
> >
> > --- On Thu, 10/16/08, Gene GeRue wrote:
> >
> >> From: Gene GeRue
> >
> >> If all of us refuse to borrow money, then there
> will be no
> >> money
> >> lenders. What odds would you give?
> >
> >
> >
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> >
> >
> >
> >
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