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[bob ford <bobford79 AT yahoo.com>]

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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