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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (65199)	7/24/1999 6:36:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Joan, When I buy my cars, I always pay with a certified check. The poor dealers hand me credit applications and don't know what to do when I scratch "N/A" across them. <g>

To: Joan Osland Graffius who wrote (65199)	7/25/1999 1:27:00 AM
From: Merritt	Read Replies (1) \| Respond to of 132070

Joan: Gee, you had to borrow money to buy a car. Wow, you must have really been impoverished...I bought my first car (a '41 Chevy with vacuum shift, and needing new universals) for $25.00 (from a wrecker, where I also bought my next 3 cars). Paid cash, too.<g>

To: Joan Osland Graffius who wrote (65199)	7/25/1999 2:12:00 AM
From: JBW	Respond to of 132070

Joan, Try buying a covered wagon on credit. Almost missed the Okie land rush. Kidding aside your point about people living on the edge will become more apparent if the economy slows. I noticed a significant drop in mall traffic etc. during the Ca. gas price scam. SBUX business seemed to dry up. What do you do? Spend your disposable on $1.70 a gal. gas or $3.50 lattes,etc. Not enough $$ for both it would seem. But some one must be doing well. Houses that were 200k last year are now 300k. with waiting lines to buy. This happened in the 80s and when things slowed equity disappeared in a flash. This will probably cause more pain than a market crash. Owing 100k more on a loan than a house is worth will be very painful. JBW