One way to use your tractor?
- Thread starter Cat_Driver
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dave1949
Super Star Member
Just from the facts on the surface, the homeowner has been stretching his finances for a long time, it caught up with him. Hard to be sympathetic since he made the choices that lead to his current position. He could have just as easily started out with a $150k TO $200k house and made it easier on himself from square one.
Dave.
Dave.
Amen. I get so sick of seeing small business owners drown themselves in nice stuff trying to live like a rock star without growing their business.
EddieWalker
Epic Contributor
I agree. Nobody forced him to take out the loan on the house, or buy what he couldn't afford. I live in a $30,000 house and I'm proud of it. I could have financed a $300,000 house that would be very impressive, but then I would probaly be in the same situation, and stressing over a mortgage payment.
Every single person that I know who is in financial dificulty, stretched thin and stressing about money, is there because of a series of bad decisions over the course of many years.
Eddie
dave1949
Super Star Member
Amen Eddie. Beyond warm and dry with some basic plumbing - the rest is really optional
Dave.
LBrown59
Super Star Member
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Now he still owes the same amount and screwed himself out of being able to sell the house in order to pay it off.
Total ignorancy .
JB4310
Super Member
I have to admit I didn't read much of the storey, What I got from the short clip was like he's the little guy standing up against the big greedy banks.
Seems like that's the media track, the fact that they are interviewing him at his store on his terms. He seemed very comfortable and confident, like they were covering a legitimate protest, not a dead beat trying to shirk his debt obligations.
JB.
Did you miss the part that said they wouldn't let him pay it off?
Taylortractornut
Elite Member
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I agree with Eddie about the houses. I bought my parents house after they seperated, I had afriend try to get me buy a new house. MY payments are around 270 per month for the next 10 years. My friend bought a two story house concrete drive way and a pool for about 250 000. Then traded in his truck and his wifes car both nice paid off rides for 2 status cars. His maintenance and heating and colling bill monthly is about 350 a month for 2 people to live in this huge house His line of work went to pot now its all the banks fault. I did have one month I wasnt able to make my payment and I talked to my banker. He gave me an extra month to pay the payment. I think most banks will work with you if you make the effort.
2manyrocks
Super Member
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We don't have the whole story. We have a snippet of what he said to the TV station. Federal and state privacy laws prohibit a bank from disclosing confidential information of their customers, and so we're not likely to hear the bank's side of the story unless it comes out in court.
Some enterprising journalist might start digging into the background of this in the local court records, and then we might get more details.
Some enterprising journalist might start digging into the background of this in the local court records, and then we might get more details.