[eharri3]

6K or so on my Tundra. 19 or 20 on the wife's '12 Camry. God willing, if we sell the old house and get to walk away with 25 or 30K she will pay off her student loans then double up on the Camry payments. Should have us 100% debt free besides a mortgage in 2 or 3 years, with two vehicles with less than 50K on the clock to show for it.

 

[eharri3]

In the last 4 years, leaving that 35K in my investments and taking on a car note has worked out pretty well for me.

 

[eharri3]

What is good debt :dunno: Surely not real estate :lol:

The biggest investment I've ever made appreciated 25% in 2 years, then lost 50% of it value in less than 2 years :yikes:

Speaking of real estate, I believe that the current rise in prices is artificial, and it will bust again :yesnod: Hopefully I'll be smart enough this time to cash out at the right time :banghead:

I remember in my mid 20s a friend of mine from work who was about 15 years older than me stretched and contorted his finances to get himself into a nearly 400K home. This was somewhere between 04 and 05. He kept telling me what an idiot I was for not jumping on such a big real estate market. He recited the whole mantra that real estate always goes up forever. It doesn't matter if you have to stretch your pennies to get in now, your house will go up 50% in 2 years and that will become irrelevant. You don't need lots of cash, just get into a non-conventional mortgage and you barely even need a down payment. This guy and a few other people pestered me for over a year because I was still renting and they felt like I was throwing money in the toilet because I was afraid of a little responsibility.

Fast forward 9 years. I got into a house that probably would have gone for 260 and up back then for 220, my monthly nut is 1300 bucks, and I cannot imagine what this guy's mortgage situation is right now except I hear he absolutely flips out when they cut over-time.

 

[eharri3]

09 Tundra Crewmax purchased brand new, 5800 left. '12 Camry SE V6 purchased about 9 months about. 19K left.

If we can ever unload our old house, the wife's student loans go first. Then whatever is left gets applied to her car payment. She has been stuck with the loans for about 15 years. If she can just get rid of them she can double up on the car note easily.

We did not plan on buying the Camry for another year or so but the air went out on her 04 TSX and she did not want to put more money into it knowing she was getting rid of it soon.