Worst thing I ever did for my credit rating was pay off my car two years early. Withou debt, one has no credit. In order to achieve a better credit score, I was advised to ramp up a credit card, and make on tine interest payments. Up till then, I had always paid the total ballance up front. Guess what? It worked, and I was able to buy my house shortly after. True story.
20% of the average home price is a lot of cash.
I never had a problem with mortgages, but then I have VA. They won't let me go non-VA. With VA though, they are all tripping all over themselves trying to get me to refinance. Yeah, like there interest rate for the next 30 years is going to save me back the interest I have already paid and only have 20 years left. Sure, it my payment was at the edge of affordability, maybe, but my mortgage is only about 1/5 of my income.
Last edited by Blue_State; 07-31-12 at 02:30 PM.
"We ain't a sharp species. We kill each other over arguments about what happens when you die, then fail to see the ******* irony in that." - Justin Halpern
I've done/am doing that to my 76'. New suspension, fully adjustable, made from fiberglass. New tko600, wider wheels, running 295s in the back, and 265s in the front, kumho exta tires, rack and pinion steering, aluminum calipers with hawk pads, and a vortec top end rebuild on the 350, making, maybe...350hp? Either way, though, I can tell you...if I wanted to close in on NEW z06 performance, I'd need a new frame, and lose a LOT of weight. It'd cost me more, I think, to build a street legal car, out of a C3, that could hang with the likes of a new Z06, or a GTR. It's a daunting task. I figure my car can ALMOST hang with a base C5, needing more power to run with the C5 Z. And the difference between the C5 and C6 Z is astronomical. Plus, those new vettes have a heads up display on the windshield that is cool as he'll!Sounds like Obama has been good to you guys.Going with a 454 myself, I am persuing a torgue based upgrade instead of hp. Daily driving mostly happens well below 3000 rpm, and with modern double overdrive transmissions, I am looking a tremec 6 speed manual, however there is a 6 speed 4l80 automatic available on summit, and decently high ratio rearend, it won't be the fastest for the power, but will be much more economical and practical for daily use. Suspension, medium up grade that doesn't reduce ride but handles well and keeps stock ride height (might consider a 1" lower, but not more than that", and of course a powered rack and pinion. Breaking is going to be a major pain though, looking for an after market ABS (or a controller to swap in an ABS), disks all around with vented cross drilled rotars and if I spend the money, 4 piston breaks up front. I was looking last night at sleeves for a block, going to have the check the price on after-market blocks, may be cheaper but the centrafugal sleeves are supposed to give better wear and greater strength than stock block materials, will also have to check out price on the newer CGI blocks, much better longterm wear. Even if I go with a new block, going to get an old one anyways and keep it. Many states emissions laws require you to meet the emissions of year of manufacture of the chasis or block, whichever is newer. I sure as hell don't want to meet 2012 standards in a car that was essentially zero emission when new (original was smog pump only, and even Cali doesn't care if you trash those anymore).
"The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."
-- Adam Smith