I thought this was Texas FISHING Forum not Texas Financial Advice Forum....

Exactly Ken this place has gotten like the Texas B I T C H Forum

.....just give it a few weeks till the new HS season kicks off!!!

Quit your complaining.

That hurt plumb to the bone Ken. Mine wasn't advice it was an opinion so can I be excused ?

Yes Ronnie, you get a pass this time

You still need to take me fishin!

I offer and you're always going to CB. I can't compete with that.

I agree, but that doesn't mean that everybody who has nice things is in debt up to their eyeballs as half of the people in this thread seem to think. And if we want to discuss the future of debt and people's ability(or rather, their lack of ability) to repay it, why don't we start looking at banks and asking why they loaned Johnny $75,000 on a boat when he only makes $35,000 a year and only had a $10,000 down payment. Sure if these types of loans are being handed out there will eventually be a problem and it is the fault of the person taking out the loan, but it is also the fault of the lender for lending money like that. 2008 hasn't been that long ago... surely if we can agree that a bunch of sub-prime mortgages are a bad idea then we can agree that sub-prime boat loans are a bad idea. We didn't blame the homeowners in 2008, we blamed the banks. People tend to go further into debt than they can handle, I would agree. And I personally don't think debt is good, that's why I don't have any. But to bash all people who have a new boat without knowing how they paid for it or their capability to repay the loan is pretty absurd.

Wow, that’s about all I can say about this thread. This is better than BBC where everyone pays cash for everything. Now, everyone is paying cash and doubling or quadrupling their investments. I must be a complete idiot.

The guy who says he can quadruple your money in 10 years or whatever has lost his mind. If you think nobody can pay cash for everything they own you're right there with him.

boat-loans-extended-warranties

^^ Shoulda been moved by moderator day one to this ^^ forum.

I never said “nobody” could pay cash, I said “everyone” can’t. If you think everyone can pay cash then I’ll put you right there with him. A lot of people that brag about their finances don’t tell the whole truth. If you have kids, kids in college, haven’t inherited a penny, most cannot pay cash for everything they own. With current, cheap cheap interest rates, I don’t really see the advantage of cash either. Personally, I don't care how one pays for anything, it’s none of my business and I have other things to do rather than worry about how others pay for their boats.

It’s called inflation and a schlong