The biggest issue we have here is that the primary mortgage is subject to TDSR calculations (so max 40% of total household revenue towards debt) but HELOCs are requiring only interest payments. With rates so low right now, a $250 000 HELOC has an interest cost of about $200 monthly if it is maxxed. So someone who was… Read more
When I was about 12 years old, my father had been looking at Ford Broncos to tow his fishing boat with. He had an F-150 at the time that was starting to get to the point of needing replacement. The truck was also 2WD and we had had some troubles getting the boat out of the water a few times. Now, my father is one of… Read more
Absolutely... news flash people, ad people are very good at influencing our behavior. Don’t take everything so literally, think about what the real message is.
Part of the reason for the switch to the cash prize option is that gameshow winnings -- whether they’re cash or prizes -- are taxed as income, and the IRS always takes their cut first. So, in order to drive that $35k car off the studio lot, the “winner” has to pay something on the order of $10k in taxes up front. … Read more
Every time I see that commercial I get that they’re both spoiled rich kids. She inherited all the money her mom married and divorced rich husbands for and he has lived on the money his dad had to put in his name to hide from the feds after getting popped for running a pyramid scam. They’re both totally useless, idle… Read more
Honestly, I think a lot of the Lexus ad campaign is aspirational. Like, OK, you actually can’t just casually bestow a whole luxury car on your honey for Christmas because that’s way too expensive and what if they don’t like it and you really should talk this through together, etc., but what if you could? What if you… Read more