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car payments

the trap of freedom, part 2 of 2

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yesterday i asked if we can become trapped in our freedom…trapped by our desires and ability to indulge.

around the time i hit twenty years old. i was making a ton of money working for a trendy, upscale dallas dot com. i had a great loft, a mustang (convertible), was in on the young professional social scene.

"Even when they're giving them up, they're still not glad to see you,"

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Is anyone surprised that we're seeing this kind of uptick in credit disasters, especially for those folks who could barely afford to exist back when gas was 2 bucks a gallon?

Anyone at all?

Standing Upside His Head

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Bob Krumm does not have near the political wife many in the game seem to have:

If I had to inform my wife last night that the papers were about to report that I had spent a year’s worth of car payments for an hour with a hooker, I would have been in no condition today to stand before the press. I’d be lucky if I could stand at all. And I damn sure wouldn’t have had my very-soon-to-be-ex-wife standing by my side.

Stand by your man?

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Invariably there will be the Clinton-Spitzer comparisons.  I’ll avoid them except the “stand by your man” aspect to this whole sordid tale:  What is it with these women? 

If I had to inform my wife last night that the papers were about to report that I had spent a year’s worth of car payments for an hour with a hooker, I would have been in no condition today to stand before the press.  I’d be lucky if I could stand at all.  And I damn sure wouldn&#

How stupid can other people get?

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Apparently, there’s no limit. According to the L.A. Times (I’d link but it is subscription required. Some substantiation here.), car loans are the new mortgage crisis. Gone is the three- or four-year car loan. Now, even from people like Toyota Financial and Ford Credit, they are up to seven years. The average is five years and four months and almost 45% are for more than si

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