Reply to People who make under $300k hhi: do you really have over $1000+ per mo in car payments?

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Reply to "People who make under $300k hhi: do you really have over $1000+ per mo in car payments?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have been a trial attorney for a long time. One of the issues that I investigate during discovery relates to finances. I have met more people than I can count who have a $52k net HHI and pay more than $1k per month for their vehicle loan. First time I saw it was around 2010. I don’t get it. [/quote]
So, you're assuming poor judgment. I'll counter with (especially now) that [b]it is expensive to be poor[/b]. When I bought a car when I made 30K, and I was required to have a car for work, I didn't have $15K out of pocket for the used car I needed to buy. That meant financing. [/quote]

It was Jimmy Baldwin who said you have NO IDEA how expensive it is to be poor.

When I made 30K, my boss impressed upon me that if you can't pay for a car in three years, you can't afford the car.  Good advice, even now.  [/quote]
It is expensive to be poor, but even more expensive be uninformed. I've been poor and I have been uniformed (also know stupid, ignorant). Things happen to you when you are poor, and you make thing happen for you when you have the knowledge. I got out of poverty, but I know how hard it is and how people start thinking all this extra they have to pay is unavoidable.
It is crazy what banks do to you when you are poor versus rich, and this is just banks.[/quote]

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