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	<title>Comments on: Confessions of a creditholic</title>
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	<link>http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/</link>
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		<title>By: Mr Wintergarten</title>
		<link>http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/#comment-131068</link>
		<dc:creator>Mr Wintergarten</dc:creator>
		<pubDate>Sun, 25 Oct 2009 12:31:05 +0000</pubDate>
		<guid isPermaLink="false">http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/#comment-131068</guid>
		<description>This story resonated with me too, though because I work for the economics research wing of a major credit ratings agency (in Australia though). My company was talking about a housing bubble in the US as early as 2003 (or maybe earlier, I only began mid 08 and have just read random reports). Ironically, I went to the U.S. office late 2008 and quite a few of the senior people there sounded like they are in a similar situation to Mr Andrews...... I hope I&#039;m never this silly, unlucky and deluded.</description>
		<content:encoded><![CDATA[<p>This story resonated with me too, though because I work for the economics research wing of a major credit ratings agency (in Australia though). My company was talking about a housing bubble in the US as early as 2003 (or maybe earlier, I only began mid 08 and have just read random reports). Ironically, I went to the U.S. office late 2008 and quite a few of the senior people there sounded like they are in a similar situation to Mr Andrews&#8230;&#8230; I hope I&#8217;m never this silly, unlucky and deluded.</p>
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		<title>By: My Boaz's Ruth</title>
		<link>http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/#comment-109988</link>
		<dc:creator>My Boaz's Ruth</dc:creator>
		<pubDate>Thu, 21 May 2009 02:53:44 +0000</pubDate>
		<guid isPermaLink="false">http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/#comment-109988</guid>
		<description>THIS woman had a 1999 Saturn that she bought at the end of 1999 (it was a &quot;program car&quot;) And still had when she married her husband in 2004.  She owed $4500 on it (don&#039;t know how much it was worth)

Due to her husband&#039;s good sense, we paid it off at that point, but continued to drive it up until September 2008 when we moved and decided to give it away.  Then promptly wished we had not when we realized we needed two cars in hte new area.  So we spent $5000 on a 2001 Pontiac grand Am after we got here. (And I loved my Saturn MUCH better. Grumble)

But this woman, if she was concerned at being on the side of the road (I had no boyfriend for much of that time either), would have put $100 into a yearly AAA membership instead of $10000 into a new car. In the 9 years I owned my Saturn, I NEVER felt unsafe in it.  Even driving to Idaho, Montana, etc.</description>
		<content:encoded><![CDATA[<p>THIS woman had a 1999 Saturn that she bought at the end of 1999 (it was a &#8220;program car&#8221;) And still had when she married her husband in 2004.  She owed $4500 on it (don&#8217;t know how much it was worth)</p>
<p>Due to her husband&#8217;s good sense, we paid it off at that point, but continued to drive it up until September 2008 when we moved and decided to give it away.  Then promptly wished we had not when we realized we needed two cars in hte new area.  So we spent $5000 on a 2001 Pontiac grand Am after we got here. (And I loved my Saturn MUCH better. Grumble)</p>
<p>But this woman, if she was concerned at being on the side of the road (I had no boyfriend for much of that time either), would have put $100 into a yearly AAA membership instead of $10000 into a new car. In the 9 years I owned my Saturn, I NEVER felt unsafe in it.  Even driving to Idaho, Montana, etc.</p>
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		<title>By: colagirl</title>
		<link>http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/#comment-109951</link>
		<dc:creator>colagirl</dc:creator>
		<pubDate>Wed, 20 May 2009 22:50:57 +0000</pubDate>
		<guid isPermaLink="false">http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/#comment-109951</guid>
		<description>Baklava, I&#039;m sorry, but I have to agree with those up thread that this behavior from your sweetie is a warning sign.  It is very possible to get a perfectly decent, reliable car for $6000--I know because that&#039;s how much we spent a few months ago to buy me a less-used car after my &#039;91 Sunbird finally died.  (In fact, I didn&#039;t even want to spend that much, but my husband insisted.)  We shopped around a bit, and got a 2004 Chevy Classic in great condition (checked out by our mechanic and verified) for $5900-something in cash.  I love it and feel totally safe in it.  

I do understand the &quot;not wanting to be stranded on the side of the road&quot; thing.  My Sunbird actually *did* that to me when it finally died on me (failed at an intersection, no less).  It was not a fun experience, I&#039;ll admit.  Still, just randomly shelling out money won&#039;t necessarily buy you reliability.  The fact that she refuses to even consider buying for less than $10,000, even after you did your homework and showed her the Consumer Reports on the Civic, to me seems like a red flag.</description>
		<content:encoded><![CDATA[<p>Baklava, I&#8217;m sorry, but I have to agree with those up thread that this behavior from your sweetie is a warning sign.  It is very possible to get a perfectly decent, reliable car for $6000&#8211;I know because that&#8217;s how much we spent a few months ago to buy me a less-used car after my &#8217;91 Sunbird finally died.  (In fact, I didn&#8217;t even want to spend that much, but my husband insisted.)  We shopped around a bit, and got a 2004 Chevy Classic in great condition (checked out by our mechanic and verified) for $5900-something in cash.  I love it and feel totally safe in it.  </p>
<p>I do understand the &#8220;not wanting to be stranded on the side of the road&#8221; thing.  My Sunbird actually *did* that to me when it finally died on me (failed at an intersection, no less).  It was not a fun experience, I&#8217;ll admit.  Still, just randomly shelling out money won&#8217;t necessarily buy you reliability.  The fact that she refuses to even consider buying for less than $10,000, even after you did your homework and showed her the Consumer Reports on the Civic, to me seems like a red flag.</p>
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		<title>By: Foxfier</title>
		<link>http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/#comment-109917</link>
		<dc:creator>Foxfier</dc:creator>
		<pubDate>Wed, 20 May 2009 19:30:44 +0000</pubDate>
		<guid isPermaLink="false">http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/#comment-109917</guid>
		<description>Thomass--
My sister loves her 99-ish kia 4-door car-- she&#039;s had it since high school and drives it all over creation. (parents helped her buy it so they could rest easy while she worked her way through college)

My 99 neon is an awesome car-- fuel pump recently went out and I sold it to a guy who could fix it himself, I expect his daughter will have at least the 7 years I got out of it to look forward to.

&quot;Work utility vehicles&quot;-- minivans-- are another surprisingly good deal; the &#039;01 dodge caravan I&#039;ve got ATM gets car-level mileage and &quot;sets&quot; like a pickup, as well as being big enough to fit stuff and family.

If I was going to buy a fairly new car, I&#039;d drop in to Les Schwab and ask them what cars they &lt;i&gt;don&#039;t&lt;/i&gt; see very often, as a supplement for the consumer reports.

Gotta agree with the &quot;buy recent used vehicles&quot; advice-- best vehicle my folks ever got was a huge extended bed, 4-door red ford that had been returned after the guy found out it wouldn&#039;t fit under his tree. (tiny scratch on the top of the cab-- some seven foot in the air, so meh.)</description>
		<content:encoded><![CDATA[<p>Thomass&#8211;<br />
My sister loves her 99-ish kia 4-door car&#8211; she&#8217;s had it since high school and drives it all over creation. (parents helped her buy it so they could rest easy while she worked her way through college)</p>
<p>My 99 neon is an awesome car&#8211; fuel pump recently went out and I sold it to a guy who could fix it himself, I expect his daughter will have at least the 7 years I got out of it to look forward to.</p>
<p>&#8220;Work utility vehicles&#8221;&#8211; minivans&#8211; are another surprisingly good deal; the &#8217;01 dodge caravan I&#8217;ve got ATM gets car-level mileage and &#8220;sets&#8221; like a pickup, as well as being big enough to fit stuff and family.</p>
<p>If I was going to buy a fairly new car, I&#8217;d drop in to Les Schwab and ask them what cars they <i>don&#8217;t</i> see very often, as a supplement for the consumer reports.</p>
<p>Gotta agree with the &#8220;buy recent used vehicles&#8221; advice&#8211; best vehicle my folks ever got was a huge extended bed, 4-door red ford that had been returned after the guy found out it wouldn&#8217;t fit under his tree. (tiny scratch on the top of the cab&#8211; some seven foot in the air, so meh.)</p>
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		<title>By: Richard Aubrey</title>
		<link>http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/#comment-109901</link>
		<dc:creator>Richard Aubrey</dc:creator>
		<pubDate>Wed, 20 May 2009 18:23:07 +0000</pubDate>
		<guid isPermaLink="false">http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/#comment-109901</guid>
		<description>Getting back to the original post:
The guy got in trouble without losing his job, without having his business go belly up.
He did it to himself.
That&#039;s one point.
He doesn&#039;t get it.
That&#039;s another point.
He&#039;s a financial writer who did it to himself and still doesn&#039;t get it.
That&#039;s a third point.</description>
		<content:encoded><![CDATA[<p>Getting back to the original post:<br />
The guy got in trouble without losing his job, without having his business go belly up.<br />
He did it to himself.<br />
That&#8217;s one point.<br />
He doesn&#8217;t get it.<br />
That&#8217;s another point.<br />
He&#8217;s a financial writer who did it to himself and still doesn&#8217;t get it.<br />
That&#8217;s a third point.</p>
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		<title>By: Thomass</title>
		<link>http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/#comment-109897</link>
		<dc:creator>Thomass</dc:creator>
		<pubDate>Wed, 20 May 2009 16:43:11 +0000</pubDate>
		<guid isPermaLink="false">http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/#comment-109897</guid>
		<description>Now kia.... junk... Brother had one....</description>
		<content:encoded><![CDATA[<p>Now kia&#8230;. junk&#8230; Brother had one&#8230;.</p>
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		<title>By: Thomass</title>
		<link>http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/#comment-109896</link>
		<dc:creator>Thomass</dc:creator>
		<pubDate>Wed, 20 May 2009 16:42:29 +0000</pubDate>
		<guid isPermaLink="false">http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/#comment-109896</guid>
		<description>Baklava Says: 

&quot;And check out how many black circles are next to the Hyundai’s&quot;

I&#039;m on #3 and the only one I had problems with was due to a bum alternator. It burned out a few other electrical devices before they found it was causing the other problems... and because of the long warranty, I didn&#039;t pay for any of it.... 

The current one is an 06, no problems.</description>
		<content:encoded><![CDATA[<p>Baklava Says: </p>
<p>&#8220;And check out how many black circles are next to the Hyundai’s&#8221;</p>
<p>I&#8217;m on #3 and the only one I had problems with was due to a bum alternator. It burned out a few other electrical devices before they found it was causing the other problems&#8230; and because of the long warranty, I didn&#8217;t pay for any of it&#8230;. </p>
<p>The current one is an 06, no problems.</p>
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		<title>By: Assistant Village Idiot</title>
		<link>http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/#comment-109895</link>
		<dc:creator>Assistant Village Idiot</dc:creator>
		<pubDate>Wed, 20 May 2009 16:26:05 +0000</pubDate>
		<guid isPermaLink="false">http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/#comment-109895</guid>
		<description>Alex, I am sorry if you thought my statements were critical of your personal decisions.  I know nothing about them, and it is certainly true that people can make decisions that look reasonable at the time but then have the ground shift under them through no fault of their own.  If you are such a one and trying to cobble together solutions as best you can, then good on you.  Life is unpredictable.

The original article, however, was about a person who made decisions that could easily have tanked even under excellent circumstances.  He made bad decisions and resented his fate when the world did not oblige him by being perfect, or bestowing unnatural good luck on him to bail him out.  That is quite different.

If there was smugness here, I think it derives more from the author&#039;s position as a financial writer for the world&#039;s most prestigious newspaper, dispensing advice to we poor unwashed.  It is as if the writer of the marriage advice column had a messy divorce, and it came out that the marriage advisor behaved in ways that a common citizen recognised as obviously divorceogenic.</description>
		<content:encoded><![CDATA[<p>Alex, I am sorry if you thought my statements were critical of your personal decisions.  I know nothing about them, and it is certainly true that people can make decisions that look reasonable at the time but then have the ground shift under them through no fault of their own.  If you are such a one and trying to cobble together solutions as best you can, then good on you.  Life is unpredictable.</p>
<p>The original article, however, was about a person who made decisions that could easily have tanked even under excellent circumstances.  He made bad decisions and resented his fate when the world did not oblige him by being perfect, or bestowing unnatural good luck on him to bail him out.  That is quite different.</p>
<p>If there was smugness here, I think it derives more from the author&#8217;s position as a financial writer for the world&#8217;s most prestigious newspaper, dispensing advice to we poor unwashed.  It is as if the writer of the marriage advice column had a messy divorce, and it came out that the marriage advisor behaved in ways that a common citizen recognised as obviously divorceogenic.</p>
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		<title>By: Mr. Frank</title>
		<link>http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/#comment-109889</link>
		<dc:creator>Mr. Frank</dc:creator>
		<pubDate>Wed, 20 May 2009 15:52:45 +0000</pubDate>
		<guid isPermaLink="false">http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/#comment-109889</guid>
		<description>Automobile air conditioning in the deep south or southwest is as necessary as a heater in Minnesota. You won&#039;t die without it, but you&#039;ll be really miserable.</description>
		<content:encoded><![CDATA[<p>Automobile air conditioning in the deep south or southwest is as necessary as a heater in Minnesota. You won&#8217;t die without it, but you&#8217;ll be really miserable.</p>
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		<title>By: OlderandWheezier</title>
		<link>http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/#comment-109888</link>
		<dc:creator>OlderandWheezier</dc:creator>
		<pubDate>Wed, 20 May 2009 15:52:31 +0000</pubDate>
		<guid isPermaLink="false">http://neoneocon.com/2009/05/19/confessions-of-a-creditholic/#comment-109888</guid>
		<description>Gotcha beat, Mel.  I purchased a 1985 Prelude new and gave up on it after it started giving me too many problems.  In 2006, over 567,000 miles later.  Best car ever, an absolute blast to drive.

(Now watch me get hammered by the others on here for admitting I bought it new.)</description>
		<content:encoded><![CDATA[<p>Gotcha beat, Mel.  I purchased a 1985 Prelude new and gave up on it after it started giving me too many problems.  In 2006, over 567,000 miles later.  Best car ever, an absolute blast to drive.</p>
<p>(Now watch me get hammered by the others on here for admitting I bought it new.)</p>
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