🚀 go-pugleaf

On Sat, 1 Feb 2003 00:19:08 +0000 (UTC), Kevin A. Scaldeferri 
<kevin@clyde.its.caltech.edu> wrote:
>In article <447l3v8e7gdo1hl8a2b6vvbvkkcgjq6u7k@4ax.com>,
>Scott in Aztlan  <Newsgroup> wrote:
>>On Thu, 30 Jan 2003 23:14:58 +0000 (UTC), kevin@blinky.its.caltech.edu
>>(Kevin A. Scaldeferri) wrote:
>>
>>>>OTOH, Imagine the nice down payment you'd have if you bought a cheap
>>>>beater car and put that payment/license fee/insurance premium money
>>>>into a savings account? :)
>>>
>>>Hmm... I'm imagining it taking about 10 years before that savings
>>>added up to a decent down payment on a house here.  
>>
>>So in other words, you think it would take too long, so it's not worth
>>doing, is that it? :)
>>
>>SoCal real estate prices are insane - I'd be lying to you if I said it
>>would be easy to get into home ownership. However, if you spend your
>>money on nice cars instead of saving for a down payment, that 10 years
>>quickly becomes NEVER.
>
>I prefer the "get a high-paying job" route.  That way you get the nice
>car and the house.

Some newspaper article had a comment from a guy making six figures 
noting that he lived in a 4th floor walkup just like his immigrant
grandfather, 'cause that's how much things cost in Manhattan (NY).

From what I've seen, the more they make, the more debt they get into!

jg
-- 
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