Comments on: Ask the Wealthy Bloggers http://www.wealthyblogger.com/uncategorized/ask-the-wealthy-bloggers/ Money Management Musings from two Decidedly Un-Wealthy Bloggers Fri, 21 Nov 2008 20:16:49 +0000 http://wordpress.org/?v=2.6 By: testanchor52 http://www.wealthyblogger.com/uncategorized/ask-the-wealthy-bloggers/#comment-2831 testanchor52 Fri, 25 Nov 2005 18:04:30 +0000 http://www.wealthyblogger.com/uncategorized/ask-the-wealthy-bloggers/#comment-2831 testcomment218 testcomment218

]]> By: testanchor241 http://www.wealthyblogger.com/uncategorized/ask-the-wealthy-bloggers/#comment-2754 testanchor241 Fri, 25 Nov 2005 02:20:56 +0000 http://www.wealthyblogger.com/uncategorized/ask-the-wealthy-bloggers/#comment-2754 testcomment985 testcomment985

]]> By: testanchor859 http://www.wealthyblogger.com/uncategorized/ask-the-wealthy-bloggers/#comment-1973 testanchor859 Wed, 09 Nov 2005 12:35:54 +0000 http://www.wealthyblogger.com/uncategorized/ask-the-wealthy-bloggers/#comment-1973 testcomment558 testcomment558

]]> By: Tommy http://www.wealthyblogger.com/uncategorized/ask-the-wealthy-bloggers/#comment-575 Tommy Thu, 28 Jul 2005 20:03:46 +0000 http://www.wealthyblogger.com/uncategorized/ask-the-wealthy-bloggers/#comment-575 I was wondering what is your opinion on the entire housing bubble talk? Are we on the verge of a collapse of the real estate market or its all an exaggeration? In the Miami real estate market, home of condo speculation and 0 down, no interest, 107% financing, the average price of a house has shoot up from $200K in 2001 to $350K currently. And $350K will only buy you a decent sized townhouse. A 4/3.5/2 car garage house starts at $450K in an OK area. Meanwhile the average salary of Miami residents remains at about $45K. How is the average Joe supposed to afford a house in this type of market, especially one thats stuck in a constant rental/bill cycle? I was wondering what is your opinion on the entire housing bubble talk? Are we on the verge of a collapse of the real estate market or its all an exaggeration?

In the Miami real estate market, home of condo speculation and 0 down, no interest, 107% financing, the average price of a house has shoot up from $200K in 2001 to $350K currently. And $350K will only buy you a decent sized townhouse. A 4/3.5/2 car garage house starts at $450K in an OK area. Meanwhile the average salary of Miami residents remains at about $45K. How is the average Joe supposed to afford a house in this type of market, especially one thats stuck in a constant rental/bill cycle?

]]> By: K. W. Musante http://www.wealthyblogger.com/uncategorized/ask-the-wealthy-bloggers/#comment-473 K. W. Musante Mon, 04 Jul 2005 00:59:17 +0000 http://www.wealthyblogger.com/uncategorized/ask-the-wealthy-bloggers/#comment-473 What are some simple ways of leveraging your existing skills to generate at least subsistence income when you're... how shall I say it... between jobs? What are some simple ways of leveraging your existing skills to generate at least subsistence income when you’re… how shall I say it… between jobs?

]]> By: Alex Moskalyuk http://www.wealthyblogger.com/uncategorized/ask-the-wealthy-bloggers/#comment-455 Alex Moskalyuk Wed, 29 Jun 2005 19:32:53 +0000 http://www.wealthyblogger.com/uncategorized/ask-the-wealthy-bloggers/#comment-455 I am trying to build my credit history and just recently got my first credit card, a secured one from the bank, so that the information about me would get sent to all the credit reporting agencies. However, I am getting contradictory responses on what my spending should be. I don't really need credit at this moment, so I am promptly paying off every credit card by the end of the billing cycle, incurring no outstanding debt. However, some people told me that I actually should incur some debt and pay off some interest for the credit rating to improve. So what's better for credit ranking - promptly paying off or generating some debt and then paying it off? Oh, yeah, we're talking USA financial system here. I am trying to build my credit history and just recently got my first credit card, a secured one from the bank, so that the information about me would get sent to all the credit reporting agencies.

However, I am getting contradictory responses on what my spending should be. I don’t really need credit at this moment, so I am promptly paying off every credit card by the end of the billing cycle, incurring no outstanding debt. However, some people told me that I actually should incur some debt and pay off some interest for the credit rating to improve.

So what’s better for credit ranking - promptly paying off or generating some debt and then paying it off?

Oh, yeah, we’re talking USA financial system here.

]]> By: Devin Reams http://www.wealthyblogger.com/uncategorized/ask-the-wealthy-bloggers/#comment-453 Devin Reams Wed, 29 Jun 2005 16:32:03 +0000 http://www.wealthyblogger.com/uncategorized/ask-the-wealthy-bloggers/#comment-453 What's your advice for students looking for new(er) cars? Tastes change, I don't think I want to try to re-sell a car in a year or two. Plus, is there a good way to go about looking? Online? Offline? Financing? etc. Thanks, guys. :-) What’s your advice for students looking for new(er) cars? Tastes change, I don’t think I want to try to re-sell a car in a year or two. Plus, is there a good way to go about looking? Online? Offline? Financing? etc.

Thanks, guys. :-)

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