Are prices like this everywhere?

[ultrarunner]

which makes it impossible to have a good credit score...

It also helps to live in a low cost of living location.

But it can also be done in high cost of living such as SF Bay Area...

I wanted to own a single family home in the worst way and made it my goal to own when I graduated college at age 21...

I knew the least expensive single family homes hitting the market on the MLS and kept setting mi sights lower and lower... it worked.

 

[MasseyFerg231]

Diesel still $5 + around here.
It’s trending back up again.
I get the reason for it, but why punish people who have no alternative EV to drive? Like what are people using diesel equipment supposed to do?

Passed this one this morning. Hard to read, but on the side the logo reads “Hybrid”. Uncle Joe is pushing everyone off gas and diesel.

 

[Snobdds]

Except for mortgage interest it is possible to consistently have a FICO score in the 840+ range without carrying a nickel of revolving debt...

Keeping consumer debt such as car loans or keeping a credit card balance as necessary to increase FICO score is a myth... otherwise how could one have near perfect score never having either?

I think Ramsey has generally good advice but not the path I followed... especially his Real Estate advice...

I was buying a home every 12 to 18 months in my 20's by purchasing distressed property, moving in and rehabbing, pulling my cash out out with a new first loan with debt service covered by rent and repeating.

Following his advice I never would have been able to continue this as my debt ratio would often be double or more than Ramsey max...

I was young with no debt other than mortgage and able to throw every penny of income into making it work and ate a lot of Ramen along the way and moved into some very dilapidated properties in some sketchy neighborhoods...

Credit scores are based on a weighted average of factorized variables. One of the biggest factors is history. They want to see a pattern of timely payments. You get heavily dinged for having no history. Another heavily weighed factor is a available credit to income ratio. If you carry no loans, the ratio is zero. It's mathematically impossible to have a good score, I believe a good score to be 825+, lacking the two biggest factors in the formula.

What you did was a leverage in real estate. It does work, I have a uncle that did the same thing. The great thing about real estate vs financial instruments that also use leverage is, there are no margin calls. The bank never called you when the market prices tanked in 08 to say we need more collateral because all your equity in the homes evaporated.

I always believe, you make the most return in areas you're comfortable with. Real estate has done good for a lot of people because diyers can manage it.

I like being able to hedge, so I dabble in a different market .

 

[Snobdds]

It’s just not that easy. You ddon’t seem to understand that everyone buying diesel fuel cannot pass along all the costs.

Let me give you some business advice...

Explicitly state the need for an increase. I tell my people to qualify it and quantify it. Make a reasonable adjustment that is indicative of the current market. They will pay it.

When I set premium rates for these large clients with high dollar consultants. I give them a development sheet that shows exactly how I came to a number. I don't budge. They always pay it.

If you're transparent, provide a good value to them, and honest...They will pay.

 

[ponytug]

View attachment 764413


Passed this one this morning. Hard to read, but on the side the logo reads “Hybrid”. Uncle Joe is pushing everyone off gas and diesel.

Thanks,

Turns out Kobelco introduced that hybrid model to mass production in...2009!

Hybrid Excavator | Innovation | Kobelco Construction Machinery Global Website

KOBELCO Construction Machinery Co., Ltd. : TOP PAGE

www.kobelcocm-global.com

I have never seen one. I guess that I don't get out enough.

All the best,

Peter

 

[aczlan]

which makes it impossible to have a good credit score...

No, it does not.
No loans here ever (aside from a very small student loan that was paid off before I was done with school), a couple of credit cards, a store card and a gas card, all paid off every month.
Credit score is over 800 and the credit card that we primarily use keeps bumping the limit up without us asking.

Aaron Z

 

[Hay Dude]

Let me give you some business advice...

Explicitly state the need for an increase. I tell my people to qualify it and quantify it. Make a reasonable adjustment that is indicative of the current market. They will pay it.

When I set premium rates for these large clients with high dollar consultants. I give them a development sheet that shows exactly how I came to a number. I don't budge. They always pay it.

If you're transparent, provide a good value to them, and honest...They will pay.

I did on mowing & feed hay.
Can’t do it on mulch hay. Buyers dictate prices. Everyone is paid the same.
It’s a regional market thing.

I know you’re a rock star big business guy in Wyoming and elsewhere, but it doesn’t work that way in my little, insignificant part of the world.

 

[Hay Dude]

View attachment 764413


Passed this one this morning. Hard to read, but on the side the logo reads “Hybrid”. Uncle Joe is pushing everyone off gas and diesel.

OK cool-let me know when the $50,000 old beat up EV farm tractors which is what small timers like me can afford are available. Not the $500,000 ones like in your nice picture.
I’ll give you a call, you can come out and give it a mechanical check up for me to make sure it’ll get crops harvested.
Has to be a hybrid, though.
We don’t have a mobile charging units to follow us from field to field to recharge the Electric type tractors.

 

[oosik]

Here in the PNW we have a very excellent after market tire dealer - Les Schwab. Last time I bought four new tires - $65 to mount and balance - less than $20 per tire. And I get lifetime balancing and rotation - free. That is where I will be going when I need new tires for the Taco Wagon.

 

[MossRoad]

Happy anniversary MossRoad!

Thank you.