Comments on: Two original thoughts http://www.neohouston.com/2008/10/two-original-thoughts/ advocating urbanism in the opportunity city Mon, 16 Jan 2012 11:06:13 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Andrew http://www.neohouston.com/2008/10/two-original-thoughts/#comment-44 Andrew Wed, 08 Oct 2008 17:12:33 +0000 http://neohouston.wordpress.com/?p=127#comment-44 True, if you pay cash you're not upside down on a loan, good point. However, you have instantly lost several thousand dollars of equity in the car, and you will continue to lose that money at an incredible rate as you own it. True, if you pay cash you’re not upside down on a loan, good point.

However, you have instantly lost several thousand dollars of equity in the car, and you will continue to lose that money at an incredible rate as you own it.

]]> By: John http://www.neohouston.com/2008/10/two-original-thoughts/#comment-43 John Wed, 08 Oct 2008 17:06:55 +0000 http://neohouston.wordpress.com/?p=127#comment-43 "Nobody would buy a car for financial reasons. Nobody with a brain buys a new car. It’s financial stupidity. You’re upside-down in it the moment you drive it off the lot, and the value will absolutely always 100% of the time GO DOWN." Um... you're not upside down on a new car if you buy it using money that you have saved up for that purpose. Which some people do. “Nobody would buy a car for financial reasons. Nobody with a brain buys a new car. It’s financial stupidity. You’re upside-down in it the moment you drive it off the lot, and the value will absolutely always 100% of the time GO DOWN.”

Um… you’re not upside down on a new car if you buy it using money that you have saved up for that purpose.

Which some people do.

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