Saturday, June 14, 2014

I'm 24, I was going to get house, I can afford, but then I wouldn't have money to have fun?

I'm 24, I was going to get house, I can afford, but then I wouldn't have money to have fun?
I just paid 600 to get out a plan to get a home. I make enough money to get house, so I decided to get a real big cool one. But when I was in the process of the getting the loan I regretted it. For the time in my life I have money, I'm buying sutff like soccer balls, footballs, baseball equipment, rockclimbing equipment, good rollerblades, I can save and maybe go to China, or make a trip to Japann. I always wanted trampoline, and I can get one. I can afford things now like going horseback riding, going scuba, I lvoe being able to afford bowling, and even pay for someone else's dinner. I was going to lose all that if I had gone ahead and taken the loan to get the house. I just wouldn't be able to afford spoiling myself. Am I stupid for backing down?
Renting & Real Estate - 21 Answers
Random Answers, Critics, Comments, Opinions :
1 :
once you have a house you can get loads of loans
2 :
get a better job growing up is tuff.
3 :
if you cant afford spoiling yourself, then you just cant "afford" that kind of house yet. you have to think of your income to expense ratio. if your expense is way over 50% of your income, you should reconsider.
4 :
well whats more important.......a house that you can see yourself in and do whatever you want to it? or having fun and partying and all and doing stupid stuff......& not being able to fix up anything called "fun"? Ask yourself. i think you did pass up a really good deal and most other people would love a house.
5 :
Yes, get the loan and buy the house. You will still be able to do those other things just in moderation. The investment of a home outweighs everything else and will have loads more value in 30 years than your memory of falling off your trampoline that one time when you were drunk!
6 :
Get a house, but get a smaller one. You don't need all that extra room. Then you can afford both.
7 :
If I were again 24, I would spoil myself first and consider getting a house when I am 35-40!
8 :
Yes I think its reasonable to say so. I had the opportunity 9 yrs ago when I was 18yr old to go on a superb vacation to Europe. I instead opted to buy my first house. I sold it a Cpl years later, and after great tax benefits I also made money when I sold it & with all the money I made I was able to put it down and buy a more expensive house. I have kept moving up every two years & now I am in a 1.5 million dollar home and I have taken trips all arpund the world from my great investments. So you may feel like you will suffer in the beggining but its worth it to be responsible & make the sacrifice. You will reap the much greater rewards later.
9 :
all those things you are buying are short term fun, you will not be using them in 20 years, a house is something you will be using. It's better to own a house than to pay rent, all you have left after a year of renting a place is a years worth of rent reciepts. With a house you are building equity. Compromise and get a smaller house to start with, the payments will be lower and you will still have money to play with. Long term you will be much farther ahead with a house.
10 :
You're 24. If you're still unsure at 44, then worry. Owning a house is a huge responsibility. Better to back out now than regret it in a short time.
11 :
The thing you describe are stuff that lasts maybe a day or two, or a couple weeks if it's a trip. You're going to need a place to live always so why not make it a nice as you can. Besides, you will make more money in the future, you will be able to pick those things back up when you do. Also, did you adjust your taxes for the write-off your going to get from the house, that could be an extra $3000 a year and up depending on the price of the house.
12 :
You should go with a slightly small house, so you can have a little of both. Also, the toys are indeed fun, but the fun wears out after a few uses. I try to rent cool toys unless I know I am going to use them many times. For example, I wanted to get a nice boat, but after working the numbers it's cheaper to rent one once every month or two. A house serves two purposes, (1) you need to live somewhere and (2) after living there for years, you will build up equity in the property, which sure beats throwing the $ out the window to a landlord.
13 :
If I was 24, and making a good wage, I would bank it like crazy. I wouldn't buy a house yet, because you never know what's going to come up in your life. I wouldn't want to be tied down to a house, but I wouldn't want to blow my money either. At 24, you could begin saving big time for retirement, and quit work in 25 years with proper investing - instead of working until you're 70. Of course, with good planning, it's possible to have the house and the retirement. :)
14 :
have fun, spend for whatever gives you pleasure. dont complicate your life until you're ready, there's plenty of time for that. when you're finished 'sowing your wild oats' you will be glad to settle down and accumulate assets both tangible and intangible.
15 :
Well the first thing is I would look at is maybe a less expensive house. If that house is such a good deal, or you cant get something like it than I would really try to swing it. In time you will make more money and also maybe able to re finance for a lower payment later on. A house is the best investment you can make. In time you will be able to afford much better toys. Trust me I am 37years old and juts bought my first house 2 years ago. when I was your age I was too busy running around in sports cars that are now broken and gone, old memories of trips to the Bahamas and Vegas, and a low bank account .Now I have years to go before things level out and I can start to enjoy my life again. I cant stress enough how lucky you are and how much you should take advantage of this opportunity and really stick with it. It a long term investment that will pay off.
16 :
Why not get a more modest house as your first home? Then your mortgage would be a little more manageable but you'd still have some "mad money" every month. Buying real estate is such a good investment; at your age, you could be setting yourself up very nicely by getting into the real estate market so young.
17 :
you made a big mistake for backing out! you need to read about the "benefits and tax breaks" for owning a home. As you are single you must pay tax about 25-28% of income. By owning a home, the property tax, interest on the mortgage are deductible so that your tax rate may drop to 20%. In the mean time, properties ALWAYS appreciate in time (5 to 10 yrs). So if you need $$ you can open a home equity line of credit on your property and the interest is again tax deductible!! Things that you like for fun and have do not appreciate in time and they will most likely end up in Ebay (if you are lucky) or in garage sales!!
18 :
Well if your buying a big house you could allways rent out rooms so you have money to spend. Sound like a plan, I do you realy need a big house you could always buy a smaller one.
19 :
Get the house and get a room mate.
20 :
You are in luck! As housing market continues to slump, it is a good time NOT to buy. :) http://money.cnn.com/2006/08/24/real_estate/pluggedin_tully.fortune/index.htm http://money.cnn.com/2006/09/07/news/economy/housing_forecast.reut/index.htm?postversion=2006090713 As housing market slump, it is easier to calculate "Rent vs. Buy" scenario. Because "appreciation" is no longer a factor. Mortgage payment consists of two parts: interests and principal. Interests are like rent, which doesn't add to the equity to your house. It simply disappear as your pay it. If interests portion of the mortgage payment is roughly equal to rent of equivalent property, then it is a decent buy. For example, let's buy a $500,000 condo with 0% down and apply interests only loan (just like renting a place). Mortgage payment would be $3250/month. It is a bad buy, because you can enjoy same property for $2000/month. Please note that I assume the tax benefits from home cancel out fees from home association and property tax. For more accurate calculation, consult with your CPA or accountant. But NOT your realtor, whom will say anything to get the deal to go through. And again, if you like a particular property, then paying more may be reasonable. You are the only person who can decide how much more premium you are willing to pay.
21 :
You are not stupid for backing down. I suggest you pursue buying a house, but a more modest one. It will grow in value. Keep buying "up" as you can afford.




Saturday, June 7, 2014

how does America make most of it's money?

how does America make most of it's money?
It seems we are no longer a big agricultural country. It appears most things in the stores are made in china. Just wondering what are we selling and to who or how are we making our money in the world?
Economics - 13 Answers
Random Answers, Critics, Comments, Opinions :
1 :
war
2 :
military-industrial complex
3 :
taxes
4 :
TAX
5 :
Just few good japaniese printers and that`s it
6 :
By bullying the rest of the world into submission, and getting away with it.
7 :
i'm guessing tax?/
8 :
Wheeling and dealing like everybody else. Seriously, Insurance, I.T., Pharmaceuticals, Education and Tourism.
9 :
That is very simple: They steal it and use the law to help them. They often put you in a position where you have no other choice but to purchase what ever and then stick it to you! It's very simple!
10 :
We are trading wealth for mundane merchandise made in the orient. All it takes is one dollar at a time, which makes it millions, billions, trillions, so on and so forth... America will suffer a severe market correction to prove that at the present rapid rate of progress it is certainly not feasible for a long time transfer of this wealth to third world countries.
11 :
Tax, mixed with selling weapons of mass destruction. Making nuclear weapons and devices for export, thus being war materials. Stealing oil from other nations (Iraq), denying the UN, lying and heavy handed tactics to bully the rest of the world who aren't as willing to lie and cheat to get what they want. Using slave labour in asian countries to make products of which they will then sell at highly inflated prices to keep the gigantic profit.
12 :
taxes and pornography
13 :
Have you heard of Microsoft? The iPod? Hollywood? Google? Yahoo? Sounds like an honest question and you had a bunch of idiots answer it. In reality, the US does not need to depend on exports to create wealth. The vast majority of wealth in the US is created by Americans doing valuable things in America for other Americans -- exports and imports are scarcely an issue. Look around you and see what people buy. That is what we sell. The misconception that we (or any country) can only get wealth by taking it from other countries is called "mercantilism", and was completely discredited by 200 years ago. Sadly, ignorance and stupidity persist. But anyway, the US continues to be a massive producer and exporter of agriculture -- nothing about that has changed, except that only 1 or 2% of the working population is so employed owing to high productivity. Other areas in which the US is particularly dominant include any and all creative business (Hollywood, video games, advertising and marketing expertise); financial services; the most value-added and innovative sides of any technology (software, biotech, microprocessors and DSPs, cell phone infrastructure, telecommunications services and hardware, computers); everything related to healthcare; Boeing airliners; and college education.



Sunday, June 1, 2014

how can we as Americans thank China for all the Monetary loans they give us and products they make for us?

how can we as Americans thank China for all the Monetary loans they give us and products they make for us?
Without china we would have no more money to borrow from anyone plus we owe the chinese Hundreds of Billions of Dollars. We talk bad about them yet they still help us. Were pretty much nothing without their money loans. how can we thank them?
Politics - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Just keep buying their cheap products. That is thanks enough.
2 :
You are complimenting them without even knowing because the job that you could be filling is being filled by a china-man that will work for much less money than you would.
3 :
Print more money and give it to them!



Wednesday, May 28, 2014

What actions does China need to take to collect the borrowed money that we've taken?

What actions does China need to take to collect the borrowed money that we've taken?
How does this process work? If we choose not to pay, then who will police us to make the US government pay?
Government - 4 Answers
Random Answers, Critics, Comments, Opinions :
1 :
No actions are required. Such debts are typically in the form of bonds, and are not redeamable on demand. Instead, the holder recieves interest payments, and redeems the principle at maturity. Defaulting on bonds is a very bad thing, it ruins your ability to issue more bonds, later, typically increasing the interest rate you pay drastically, so governments, in particular, try very hard to avoid defaulting on thier bonds.
2 :
Is this a part of Greenspan's prediction of the collapse of China's stock boom?
3 :
China turns us over to a collection bureau. If we don't pay, the Swedish Army will invade the U.S. and make up pay. What do you think will happen?
4 :
well, they ain't taken dip! Its the American consumer that is in debt not just Uncle Sam......and if they chose to dump that one trillion US dollars on the open market........there wouldn't be a snowball chance in he!! you would be eating a rid-eye streak tonight. funny...more value in a persons mouth(gold cap) than their pocket! 8.6 trillion is the US national debt borrowed by the general fund the highest ever in history. The US dollar keep declining it's time to start recognizing the early warning signs of a gathering storm regarding the strength and the stability of the United States. Spending programs such as war and civil servants, health, education, welfare, urban renewal, and the like, should come from taxing at first the wealth and income. But instead, the Government adopted the philosophy of cutting taxes to boost economic growth. It does not work! The National Debt: Printed by the US Mint. 1910 2.6 (billions) 1920 25.9 1930 16.2 1940 43.0 1950 257.4 1960 290.2 1970 389.2 1980 930.2 1990 3,233.3 2000 5,674.2 2005 7,932.7 2006 8,506.9 (trillion) Income taxes were/are cut, and has not create more money for the economy to grow, instead the US Mint has to print more and more money, which gives it to the Fed Reserve, which gives it to the White House, to pay for the countries programs (and whatever). And the process is repeated, over and over again. The more money gets printed, the more money goes in circulation, which chase the same items. It is that creation of money that visibly raises goods prices and lowers the purchasing power of money. Inflation is defined here as the creation of new money by monetary authorities, i.e, the US Mint. More credit was needed by regular Americans to make the necessary purchases. Consumer debt increased by $434 billion, from $839 billion in 1993 to $1,273 billion in 1996. 1996 - 1.2738 trillion 1997 - $1.3449 1998 - $1.4421 1999 - $1.5563 2000 - $1.7358 2001 - $1.8690 2002 - $1.9527 2003 - $2.0344 2004 - $2.1206 2005 - $2.1780 2006 Qtr 1 - $2.1900 trillion House Mortgages - Outstanding Foreigners own over $8.2 trillion of assets in the USA. Equities on the US stock market are at historically high PE ratios, some 3 times above the norm and twice the level of PE ratios on foreign stock markets. Real estate looks as it has peaked. Especially with arise in interest rates in prospect? Here's where the "point of recognition" becomes important. Foreigners will, firstly, consider how far the dollar will depreciate against their home currency over the next 12 months. Could it be a 5%, 10%, 15%, drop? Then the question is: "Can USA assets rise by 15% to compensate for the currency loss and leave the investor in a level, no win, no loss situation?" The answer seems to be a clear "No". Foreigners/Americans with large sums of money at risk are quietly taking profits out of the US market, US unbacked dollars is being used to bolster the market indices so the average investor (US and foreign alike) are kept blind to what is about to hit them. This disaster-to-come has been created artificially by (a) politicians' selfish desires to portray a financially healthy US economy for the advancement of their own political careers, (b) to benefit small, united groups of unscrupulous, rich, and over-speculative investors that make significant (and often wrong) investment decisions but also make significant campaign contributions, (c) refusing to warn the populous regarding the outcome of consistently over printing US unbacked dollars. Inflation, has become your new tax. See here below, and know if the tax cuts benefited you. The top 1% of households own almost 40% of the nation's wealth. The top 4% of Americans own 60% of the nation's wealth. The top 10% of Americans own over 70% of nation's wealth. The top 20% of the nation's households own 85% of the nation's total wealth. The bottom 40% of households own one-fifth of 1% (or 0.2%) of the nation's wealth. The bottom 60% of Americans own only 5% of the nation's wealth. The bottom 80% of Americans own only 15% of the nation's wealth. The total wealth in America totals $27 trillion dollars. America is addicted to "cheap" According to the Bureau of Labor Statistics..... saving rate 1965 8.5% 1975 10.5% 1985 11% 1995 5% 2005 -0.4% the savings rate in January 06 was a negative 0.7%... that is, the average! American household spent 0.7% more than it made. Now.......... the kicker! the gross domestic product is attributable to consumer spending? A whopping 70% ... Now we have the "catch 22".......... If the American people start to save...... say 10% of their income..... thats gonna be 10% less the consumer is gonna buy ..... which means Companies sell less............... "UNLESS".... Wages go up!....... but with the all time high in Corporate profits in the past few years and a good part going to CEO's and insiders..... a 10% increase ain't gonna happen soon! SO!.........retirement is out of the picture if the American people don't save they have to keep working! NOW........the flip side! we can thank Microsoft, Warren Buffet, General Motors, General Electric, Motorola, Wal-Mart, Target and Ford for pouring billions of dollars into China...................... China saves 50% of their income! In search of better wages and a better life,300 million Chinese peasants will move to the cities in the next 15 years. This means China must build a new city the size of Philadelphia every 30 days. China is now constructing the most advanced rapid transit system in the World. Each year for the next 20 years, China will consume as much structural steel as would be needed to construct every building in Manhattan. According to Professor Jeremy Siegel of the Wharton School of Business, "In the not too distant future, the economy of China will be nearly twice as large as that of the US, an equal to the combined economies of all of North America, Europe and Japan". Already China is the world's largest maker of toys,clothing and consumer electronics and is swiftly moving up the ladder in car production, computer manfacturing, biotechnology and telecommunications,thanks to low-cost workers and high-tech factories. Author Ted C. Fishman writes in China, Inc., "The Country is closing in on a 30-year run during which its economy has doubled nearly three times over. The surge has no equal in modern history. Neither Japan's nor South Korea's postwar booms come anywhere close." ------------- and they say..........this growth trend is unstoppable! -------------- In 1776 a few fat farmers got together and with the penmanship of a poet wrote down on a piece of paper.... the American dream! Now..............young people in America.......... think $10 an hour....a ipod, computer games and flipping burgers is................... that American dream!




Wednesday, May 14, 2014

How much money would you be willing to pay to have China just keep Obama over there?

How much money would you be willing to pay to have China just keep Obama over there?
I'd be willing to pay a couple thousand. Any body else? We can just take up a collection and make them a offer.
Politics - 25 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Your opinion not mine .
2 :
Where do I send my check?
3 :
You don't sound like you have the intellect to make a couple thousand dollars.
4 :
All the money that was going to be used for the Health Care Reform! But, only if the take Biden, Pelosi, and Reid with him!
5 :
You want war with China? Or have you just not thought this through?
6 :
What's that old saying about money and fools?
7 :
It would be a lot cheaper to stage some kind of crime and have him arrested. What if we were all to send him tire guages--a reminder of Obama's brilliant energy policy, and a reminder that he tried an economic war on China over tires, and they could all say "made in Taiwan". I don't know if that's illegal, but it would be funny.
8 :
if he is such a communist, wouldn't he ruin coporation's chances of exploiting the cheap labor over there?
9 :
I would go borrow money in order to keep that 9jv9qeruvqeru over there.
10 :
Check's in the mail! Hi - I'm Bill and I use to own Microsoft. Now I own China! Leave him there!
11 :
I'll be the treasurer. Everyone that hates Obama should send me all their money and then I will talk to the Chinese on your behalf.
12 :
$10,000 in my sock drawer is all I can spare , but do they take Mastercard ?
13 :
Nothing. Get used to him for 7 more years. lol
14 :
I would pay a couple thousand!
15 :
We could pay off our debt by selling them Obama, who seems to fit in perfectly there. Just manipulate them the right way and throw in Biden, Hilary, Pelosi, and Van Jones.
16 :
Lier lier pants on fire! ... Cons are NEVER 'willing' to part with any of their money even if it was to keep their poor old starving grandma alive!
17 :
Sounds like you're trying to incite hatred against the president of the United States.
18 :
Well if it wasn't Obama, it'd be some other puppet, no? $0. Besides, what would the "them" you are talking about (the banking elite oligopoly who print the money they then loan to the governments, which the government can then never afford to pay back), what would these people want or need with your measly offerings? Try offering them your soul instead.........
19 :
Zero, he is my president just as much as he is yours. . Independent Not a partisan idiot .
20 :
Well since the yen is going to overtake the dollar during Obamanation's term, no cost is too high to prevent more of his "change" "We can just take up a collection and make them a offer." spare change to spare us from his "change"
21 :
I say we print up another trillion, this time the money will be well spent.
22 :
It wouldn't be nearly enough. Not with the exorbitant interest rates the Chinese would charge people like you. :0)
23 :
Ouzibillahi Mina shytan Al Rajeem! Bismillahi Al Rahman Al Raheem! Jihad! Death To Infidels!
24 :
Have you seen the movie 2012 Yet? Well my friends the world as we know it comes to an end in a massive errupting flood. Only the wealthy can afford tickets to get on a man made Ark but millions of people die. Would you still have enough money after your "collection" here to throw around to pay for a ticket to get on the Ark? Obama would get on that ark for free you know...... and ah.....by the way..... in the movie the ark is in China. LMAO.
25 :
What makes you think the Chinese-Communist are susceptible to bribery? I do believe that the Chinese-Commiunists are quite a bit more intelligent than liberals in this country (USA) so I doubt that they would be STUPID ENUFF to keep him




Wednesday, May 7, 2014

HELP! whats a good way a 15 year old can make money fast?

HELP! whats a good way a 15 year old can make money fast?
ive been invited to go to china with my boyfriend and his parents to meet all of his family but the thing is i need to have atleast 1,500 dollars by the end of may my boyfriends going to try to get a job to save money and i would as well but unfortunantly theres no way i could get a ride anywhere until late at night if theres anyway anyone knows to make money from home being 15 (even though there probably isnt) or a good way to save up money . or any ideas on what to do please tell me pleasepleaseplease help me ! itd be so greatly apreciated.
Financial Aid - 2 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Babysit, Shovel snow, mow lawns, clean houses.
2 :
You wanna go to china and you're only 15, and you wanna meet you're boyfriends family. Jeez you can't get married next year or anything. This would be a waste of your money, you and your BF will probably break up soon anyway. Even if you had a ride, you can't work until you're 16.


Thursday, May 1, 2014

Why doesnt china make products better, i know its for profit, but they're putting lives in danger?

Why doesnt china make products better, i know its for profit, but they're putting lives in danger?
but less lives, less money, i dont understand
Polls & Surveys - 6 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Most Chinese people are agricultural people (farmers).
2 :
Do you really think they care? It's about getting the job done.
3 :
Americans want to pay as little as they can for the product, thus basically all of our stuff is made in China. China doesn't have as strict of guidelines about health/safety as America, so to them the products are perfectly fine.
4 :
My 4 grandsons are or were playing with some of those toys and it Pisses me off that was allowed to happen
5 :
Different countries have different standards and there is a learning curve.
6 :
1 1/2 billion people in China... I doubt that individual safety (anyone's) is much of a concern...when you got that much international buying power..you can get away with much..