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10-06-2008, 10:13 PM
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#1 (permalink) |
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UK Moderator
 
Join Date: Jul 2007
Location: Reading, Berkshire, UK
Bike: 2005 FZ6 Silver & black
Posts: 4,152
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What effect will the credit crunch have on you guys?
All a bit tongue in cheek
Nelly
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 "Some say he's a RGN, (Bsc) Honours. Some say he hangs around with Max Mosley  All we know is, he's called the STIG". Mods: K&N Airfilter, Datatool system 6 alarm, Bikerdude headlight harness, 12V power socket, Data tag, 15T Front sprocket, Speedo healer, Puig frame slders, front & back Crash bobbin axel sliders. "Dont ask me I got it from here"? Forum FAQs... My Resume... |
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10-06-2008, 10:19 PM
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#2 (permalink) |
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Member
Join Date: Sep 2008
Location: Lubbock, TX
Bike: 1999 Kawasaki ZX7R, 2004 Yamaha FZ6
Posts: 162
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Re: What effect will the credit crunch have on you guys?
haha oh man...i love that apple phone...thats the funniest thing i've seen today...good stuff!
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10-07-2008, 03:50 AM
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#3 (permalink) |
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The UNO Master
Join Date: Apr 2008
Location: Webster Texas
Bike: 07 Fz6
Posts: 419
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Re: What effect will the credit crunch have on you guys?
It should bother me much. I'm renting my house now and don't plan to buy for a while, my car is an 07, my truck is an 06, my FZ is an 07, and the company I work for does it's own financing.
One thing this whole mess is done is made gas cheaper. It's also reduced illegal immigration.
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If you think nobody cares about you, try missing a couple of payments. |
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10-07-2008, 05:03 AM
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#5 (permalink) |
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Senior Member
 
Join Date: Feb 2008
Location: West London
Bike: 2007 FZ6-S2
Posts: 1,021
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Re: What effect will the credit crunch have on you guys?
Hopefully it won't affect me to badly either. I'm renting as well since it's still better cash-flow wise, but if property prices keep falling I'll be able to afford a house soon! Roll-on the crash!
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10-07-2008, 05:51 AM
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#6 (permalink) |
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Junior Member
Join Date: Sep 2008
Location: UpState, SC
Bike: 2008 FZ6, 2004 Buell Blast
Posts: 45
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Re: What effect will the credit crunch have on you guys?
I currently work in manufacturing that is highly connected to the automotive industry...so we are feeling the pinch...layoffs and shutdowns..!
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10-07-2008, 06:07 AM
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#7 (permalink) |
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Super Member
Join Date: Jan 2008
Location: Austin, Texas
Bike: 2007 FZ6, Davidson Roadbike, Ridley Cyclocross, Guru Cyclocross
Posts: 2,927
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Re: What effect will the credit crunch have on you guys?
It may postpone buying a house as the stock I planned to sell for the down payment has been hammered the last couple of weeks. On the flip side mortgages are going down. I was quoted 5.85 to 5.95 yesterday, and I suspect home builders will have some pretty good sales coming up so the loss of down payment may net to zero if the cost of the house drops enough. And as metioned lower gas prices. My local place drop a dime yesterday! Wow! We are now at $3.19, $3.49 just two weeks ago.
On the income side of things, semiconductors are always flaky in a down market so hopefully the employment side of things remains stable.
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10-07-2008, 06:26 AM
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#9 (permalink) |
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The Bartender
Join Date: May 2007
Location: Glammis, ON, Canada
Bike: 2005 Yamaha FZ6
Posts: 593
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Re: What effect will the credit crunch have on you guys?
We were in the middle of a consolidation loan on Friday, they told us, no problem, will be done on Moday, you are approved. On Monday the "crash" happened. On Tuesday, they told us, sorry, we are not taking on outside loans from other places. We are in Canada. Shows you how much the United States affect other countries eh?
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10-07-2008, 06:34 AM
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#10 (permalink) |
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Rabid Constitutionalist
Join Date: Jun 2007
Location: Beantown
Bike: Filthy Naked 07 FZ6, 06 Fusion White Daytona 675
Posts: 242
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Re: What effect will the credit crunch have on you guys?
It will enable me to get a great deal (actually, an un-inflated deal) on a house! It is also a great time for market buying opportunities.
(this assumes the job stays around, of course) |
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