On the whole house buying fiasco attempt ...
We're going to put it off while we build what's considered "credit" ...otherwise known as putting ourselves into debt to prove that we're responsible enough to pay off debt, because obviously if we own two vehicles free and clear, have not been late on a single utility bill in over two years, solid, have less than a COMBINED total of $10,000 medical debt (Brian has most of that from 4 surgeries in a short span of time followed by a LONG span of time of no employment) and have a record of buying nothing on credit really then we are not eligible for a bank to give us a loan for a house, whether that loan is $50,000 or $10,000.
Sounds stupid if you ask me, but whatever, that's what we're going to do, so must let time pass as we go through these redundancy procedures so that we can buy a house in the future. I repeat my previous statement of "stupid, irresponsible, lying people" and the banks that encourage it all so that everyone can "make the bigger buck" or live the "better lifestyle". Bigger buck and better lifestyle on someone else's buck, because credit isn't money you've EARNED, its money you HOPE to earn, people just can't seem to get THAT point through their heads, at least not where it applies to them. Many of the folks that I know who live their lives with a credit card are the same ones who whine and complain when the government does basically the same thing - spend money that hasn't been earned, in hopes that it'll produce more money in the future.
Its just not a concept that I personally can understand. I understand it takes money to make money. Someone wanting to start up a business they spend money with the hopes that in the future their overhead will be significantly less than their income, thus producing a profit. I can't see where owning 15 pairs of $200 shoes works in a person's favor - they buy the shoes on credit, before long they have more shoes (anything non-essential & excessive really, shoes is just my current example) than they have credit, then when they go to balance it all out between the credit and debits (debits being the money they have to pay for the credits) credit ends up WAY ahead of the debits. They then file bankruptcy, they no longer have to pay off the credits, get to keep the shoes, and now have freed up some of that debit money to go get more credit.
See that plays into the economy. Not just a person's personal economy, but the bigger economy as a whole. The shoes were made, persons were paid for making those shoes, utilities and materials were consumed to produce those shoes, the shoes were then "sold" on credit - basically handed over for free in the hopes of revenue in the future. Then because these shoes are such hot credit sellers it inflates the price, because they're not all actually being paid for in the end. You do this long enough and at a great pace its bound to become a burden on those who are actually paying the real price...When so much of this goes on in every field of purchase everything is suddenly on credit and nothing is paid for, once one needs the money the next person needs their money, and it just continues to inflate the prices. Eventually these prices all reach a consumer cap and the consumer heads off to a cheaper version because so much is over inflated they can't afford anything, but must cut back to what they MUST spend money on. Eventually all the credit money is just a bunch of IOUs that aren't getting paid. The economy IS going to crash.
Its basic, simple, elementary economics & accounting.
But because everyone has a habit now of spending out of their actual spending range because they've been fragrantly allowed to spend credit when they really weren't good for it, persons like myself, who have lived a lifetime of spending comparably NOTHING on credit ...I did have a loan on a car and a new computer when I was 18, since then I've saved up and paid for everything I own/have owned when I went to buy it....are unable to buy something like a house. Honestly I don't think they'd allow me a credit limit to buy a stick of gum even, its comparably "that bad" for me to of lived my life like I have.
It just sucks. Seems the morals and lessons taught and handed down to me by my grandparents are not the ones to live your life by these days...
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