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TaurusSHO

By TaurusSHO
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Drew Dowdell
Drew Dowdell

This whole crossover craze has gone a bit too far....

Cmicasa the Great
Cmicasa the Great

Been away for a while.. summer stuff.. figured I'd get out an live while the weather was warm. Decided to get back into riding bikes.. had given it up back in '05 after my then wife (now ex) had issue

balthazar
balthazar

• • • ORDERED A TRUCK TODAY. • • •

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G. David Felt Grand Master

G. David Felt

Posted
Posted
4 hours ago, Robert Hall said:

My new wheel barrel is on point with the blackout trim and wheel package fad seen on current utility vehicles...

9AF4304F-5395-4247-B6C7-93C8A80EACF9.jpeg

Does this picture signal the investment potential in Amazon? ;) 

1 hour ago, Drew Dowdell said:

The catch is when do you know when it's the bottom.

Watch Mad Money! ;) He has for the last few weeks been talking about the impending recession / correction.

He does talk about some real bargains and the potential consolidation in the auto industry.

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A Horse With No Name Mentor

A Horse With No Name

Posted
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17 hours ago, Drew Dowdell said:

I like all of the railroad stuff you've been posting lately @balthazar

I will second that...

 

2 hours ago, Drew Dowdell said:

If you're at all inclined, this may also be a great time to refinance your house. 

Getting reasonably close to paying mine off...

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Drew Dowdell Grand Master

Drew Dowdell

Posted
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1 minute ago, A Horse With No Name said:

I will second that...

 

Getting reasonably close to paying mine off...

I have 14 years to go, but 15 year mortgages have much lower interest rates than I'm paying right now, so I'm getting tempted. 

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ykX Rookie

ykX

Posted
Posted (edited)
2 hours ago, Drew Dowdell said:

If you're at all inclined, this may also be a great time to refinance your house. 

Almost completed my refinancing. The percentage might drop even more but I had to do it now.

Edited by ykX
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A Horse With No Name Mentor

A Horse With No Name

Posted
Posted
2 minutes ago, Drew Dowdell said:

I have 14 years to go, but 15 year mortgages have much lower interest rates than I'm paying right now, so I'm getting tempted. 

Making extra payments on a 30...

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ykX Rookie

ykX

Posted
Posted
18 minutes ago, Robert Hall said:

I've made a extra payments to get my 30 to 26 years now (2 1/2 years into it)...may look into a 15 year.    But I may be getting another mortgage for a vacation home sooner than later...

As somebody told me, if you in the beginning of the mortgage payment period, it is easier to make extra payments to pay it off faster when you can, than take a 15 year mortgage for a few extra points of percentage and to have much higher monthly payment.  If something changes in your life, much easier to go back to a lower payment on 30 year mortgage.

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Robert Hall Veteran

Robert Hall

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15 minutes ago, ykX said:

As somebody told me, if you in the beginning of the mortgage payment period, it is easier to make extra payments to pay it off faster when you can, than take a 15 year mortgage for a few extra points of percentage and to have much higher monthly payment.  If something changes in your life, much easier to go back to a lower payment on 30 year mortgage.

Yeah, by making extra payments I've knocked off almost a year so far.  My goal is to pay off the 30 year in 15-20 years, which is doable, though I may move before then. 

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Drew Dowdell Grand Master

Drew Dowdell

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4 minutes ago, Robert Hall said:

Yeah, by making extra payments I've knocked off almost a year so far.  My goal is to pay off the 30 year in 15-20 years, which is doable, though I may move before then. 

Yeah, but you'll have all that extra equity even if you do move. 

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balthazar

balthazar

Posted
Posted
1 hour ago, ykX said:

As somebody told me, if you in the beginning of the mortgage payment period, it is easier to make extra payments to pay it off faster when you can, than take a 15 year mortgage for a few extra points of percentage and to have much higher monthly payment.  If something changes in your life, much easier to go back to a lower payment on 30 year mortgage.

Point of clarification: early mortgage payments on a 30-yr are typically 100% interest for the first year and a half or thereabouts. You pay it down faster the later in the schedule you are. Get an amortization schedule from your lender.

That said I agree with the above - pay down debt whenever you are able. 

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frogger Newbie

frogger

Posted
Posted

We've been trying to pay down our place pretty aggressively, but not easy when it has needed so much work (original cast iron main plumbing stack, pathetic galvanized original water supply line, knob and tube, some asbestos, covering dirt floor in crawl space so rats can not burrow in, 30 year old boiler died, original hardwood almost worn through, never mind more cosmetic stuff I've worked on) and we bought an investment property along the way.. Hoping we can have it done in 15 years max at which point I'm aiming to be ready to retire or do contracts once in a while.

 

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ykX Rookie

ykX

Posted
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14 hours ago, balthazar said:

Point of clarification: early mortgage payments on a 30-yr are typically 100% interest for the first year and a half or thereabouts. You pay it down faster the later in the schedule you are. Get an amortization schedule from your lender.

That said I agree with the above - pay down debt whenever you are able. 

That's almost true (not 100%, more like 70-80%), but than all your extra payment goes directly toward paying the principal.  So early on extra payments are very beneficial. 

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balthazar

balthazar

Posted
Posted

Correct; just did a amortization schedule online: $250,000 @ 4.5% for 30 yrs: first payment broke down as $329 principal / $839 interest. I know I saw it different years ago; mine initially was 8.25%- maybe it calculated differently @ higher rates.

Plus; make sure you indicate any extra payments go to principal only.

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Drew Dowdell Grand Master

Drew Dowdell

Posted
Posted
12 minutes ago, balthazar said:

Really like this pic. Fleetwood Series 60 Special in the background- note the vinyl roof. Cadillac started this feature on the '56 Eldorado Seville… and when NOT padded / using small back windows or enlarged C-Pillars, it looks really classy / luxurious IMO.

Screen Shot 2019-08-14 at 11.44.24 PM.png

What are the air scoops on the back of the front car? Air conditioning? 

Also.... Happy Birthday @NINETY EIGHT REGENCY

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Robert Hall Veteran

Robert Hall

Posted
Posted (edited)
7 hours ago, balthazar said:

Really like this pic. Fleetwood Series 60 Special in the background- note the vinyl roof. Cadillac started this feature on the '56 Eldorado Seville… and when NOT padded / using small back windows or enlarged C-Pillars, it looks really classy / luxurious IMO.

Screen Shot 2019-08-14 at 11.44.24 PM.png

Interesting how the trim below the decklid/above the rear bumper differs between the 60S and the 75..

Edited by Robert Hall
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balthazar

balthazar

Posted
Posted

^ Ya; the scoops are intakes for A/C.

Pic might be pre-production: that looks like the GM Styling courtyard hexagonal pavers. Production S75's are basically trimmed like deVilles (rear cove & side trim) and that cove is filled with ribbed aluminum trim (here it looks painted). Eldorados & the Series 60 Special got the rear grillework and either full (E) or partial (S60S) side trim.

I ? '60 Cadillacs.

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G. David Felt Grand Master

G. David Felt

Posted
Posted

Seems the 2019 eCOPO Chevrolet Camaro Dragster is going to auction with a $425,000 to $525,000 expected auction price.

There are some other lovely old auto's as well.

https://russoandsteele.com/featured-vehicles/?tsauction_id=203&search_text=&run_day=&caryear=&caryearto=&showpage=1

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balthazar

balthazar

Posted
Posted
7 hours ago, Drew Dowdell said:

How.... almost Cadillac..

Yeah- this is one of the historic red flags for me and the downturn of GM; when Chevrolet moved toward offering a 'poor man's Cadillac' stylistically. One can point to the '58 Impala (tho the Impy quickly got toned down), but in the early '70s, the big Chevys started to look too upscale from their station.  

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ocnblu Newbie

ocnblu

Posted
Posted
8 hours ago, surreal1272 said:

progress

Easily debatable when it comes to crappy electric cars and their ilk.

10 hours ago, balthazar said:

71 Impala.png

I'm seeing much more Oldsmobile than Cadillac in this.  With Pontiac headlights.  A mishmash of all things GM at the time... but mostly it looks like the '71 Oldsmobile Delta 88.

8 hours ago, surreal1272 said:

It’s a special song for folks who complain about progress and change. 

A little out of tune, but we're not singers around these here parts.

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surreal1272 Veteran

surreal1272

Posted
Posted
17 minutes ago, ocnblu said:

Easily debatable when it comes to crappy electric cars and their ilk.

I'm seeing much more Oldsmobile than Cadillac in this.  With Pontiac headlights.  A mishmash of all things GM at the time... but mostly it looks like the '71 Oldsmobile Delta 88.

A little out of tune, but we're not singers around these here parts.

Only debatable to folks with out of date thinking and afraid to accept change ways. The rest of us know what’s coming and don’t have a problem with it. Good thing that little violin is still playing. 

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trinacriabob Veteran

trinacriabob

Posted
Posted

The Boeing 737-Max situation is so dire.  It's as if we've forgotten.  This makes the teething problems of other commercial aircraft seem like child's play.

Thinking back, I've actually flown on one.  It was on a Southwest leg from Denver to L.A.  It even had to be deiced.  Once it got going, it majestically climbed up over the Front Range with negligible turbulence and continued on for a smooth flight to L.A.

I thought this was a joke, but it's true.  Southwest Airlines will soon cease flights to EWR (Newark).  They will consolidate their New York flights into LGA (LaGuardia).  I didn't read whether or not Islip (Long Island) would be affected but their dropping out of Newark does not make me happy.  It's easier to use than are LGA or JFK if you are only flying domestically.

13 hours ago, balthazar said:

71 Impala.png

I see part first-gen Riviera and part early 70s Olds 88.  I don't see any Pontiac in the mix and I certainly don't see any Chevrolet.

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