buickanddeere said: (quoted from post at 11:31:43 06/03/08)
Lots of scared and angry people out there with 12-15mpg pickups & SUV's that could barely afford fuel a year ago.
Now they can't afford the higher priced fuel. They can't afford to trade as the mortgage on the fuel hog is more than the trade in value of the vehicle.
Don't come crying to me that your status symbol is costing you more that you can afford.
YES! This is the main trouble, people who really didn't need certain things (big SUV, 3000 square foot house) and probably couldn't afford them (interest only loans got a lot of people suckered in) are the ones who spent money like there was no tomorrow. Tomorrow is here and the bill collectors want their share.
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Today's Featured Article - Memories of a Farmall C - by Monty Bradley. When I was a child, my grandparents lived on a farm owned by a Mr. Walters. The crops raised were cotton and soybeans, with about forty head of mixed breed cattle. Mr. Walters owned two tractors then. A Farmall 300 on gasoline and a Farmall C, that had once belonged to his father-in-law, and had been converted from gasoline to LP Gas. Many times, as a small boy, I would cross the fence behind the house my grandparents lived in and walk down the turn row to where granddaddy would be cultivati
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