1. Welcome to Tundras.com!

    You are currently viewing as a guest! To get full-access, you need to register for a FREE account.

    As a registered member, you’ll be able to:
    • Participate in all Tundra discussion topics
    • Transfer over your build thread from a different forum to this one
    • Communicate privately with other Tundra owners from around the world
    • Post your own photos in our Members Gallery
    • Access all special features of the site

Crazy Prices

Discussion in '3rd Gen Tundras (2022+)' started by puddin, Sep 14, 2023.

  1. Sep 20, 2023 at 3:58 PM
    #241
    BoulderGT3

    BoulderGT3 New Member

    Joined:
    Apr 13, 2023
    Member:
    #95419
    Messages:
    492
    Gender:
    Male
    First Name:
    Glen
    Vehicle:
    2023 1794 4X4 BP/Saddle ADV Steps
    3% isn't great. You can easily earn more.
    With yield curves like this and the thought that rates aren't receding anytime soon, it makes equities a tough jump. The thing is though, the M2 supply, (cash, checking, savings, CD's, etc) is still almost $21T and it's only declined small amount. If there is a turn there's lots of liquidity that will be looking for a home.
    Life's a carnival, two bits a shot.

    image001.png
     
  2. Sep 20, 2023 at 4:37 PM
    #242
    Matt2015Tundra

    Matt2015Tundra New Member

    Joined:
    Aug 9, 2022
    Member:
    #81755
    Messages:
    448
    Gender:
    Male
    Coal Dragger, I agree borrowing against your home is usually a bad idea for retirees, but some don't have a choice. Unexpected health issues, nursing homes, hospice, etc...can be extremely expensive. Let's face it, a lot of people retire without an adequate income to cover expenses until they die. They end up being a burden to their heirs, not a provider. It's their fault, no doubt, but its reality in many cases. My wife's parents were that way.

    Unlike you, I have no obligation to set any heirs up for life. My parents didn't, but they were never a burden to me either. The whole concept of inheritance smacks of the entitlement mentality I mentioned earlier. I know people who have done nothing with their lives because they know eventually they'll cash in on a big inheritance. That rubs me the wrong way. They won't bury me with a big net worth remaining, but I will never be financially dependent on anyone either. I think that's the way it should be.

    It's clear we come from different generations, and possibly different backgrounds. My parents were never even close to the average median income in their lives. But they raised 3 successful children who have enjoyed better lives than they had because they taught us the value of hard work and sacrifice. I just don't see those traits in many young people these days.

    Anyway, I appreciate the conversation. I have no doubt you will succeed and realize your retirement dreams. You may even become financially comfortable enough to afford a new Tundra someday. :cool:

    Matt
     
    Last edited: Sep 20, 2023
    WhiteTundra0013 likes this.
  3. Sep 20, 2023 at 6:18 PM
    #243
    Coal Dragger

    Coal Dragger New Member

    Joined:
    May 18, 2021
    Member:
    #63259
    Messages:
    2,826
    Gender:
    Male
    Vehicle:
    2007 White Double Cab Limited 5.7L 4X4
    I wanted a faster vehicle so I also bought a Chevy SS... because 4 door sedans with big V8’s are hilarious.
    LOL.

    I didn’t say I couldn’t afford one, I just choose not to buy one. I don’t see a compelling 1/2 ton in the new Tundra for what it costs. I’d rather drive something else on a daily basis for the same or similar $$$, and just keep my old one for beater truck duty.

    As far as passing on some generational wealth, I obviously have a different view than you do. However, I have no intentions of raising some little trust fund turd. At some point we will decide whether to let my son know (if we hit our goals) he will have a leg up, or just bequeath it to him when we think he’s mature enough to handle it. There will be some set in stone milestones he’s going to have to demonstrate first though once he’s an adult. Like enrolling in, and passing some courses in finance/accounting so he knows how money works, being gainfully employed, generally not being a spoiled little turd etc.
     
    Last edited: Sep 20, 2023
    IsaiahCanada likes this.
  4. Sep 20, 2023 at 7:08 PM
    #244
    Matt2015Tundra

    Matt2015Tundra New Member

    Joined:
    Aug 9, 2022
    Member:
    #81755
    Messages:
    448
    Gender:
    Male
    I like your attitude, and wish all parents felt the same. Somewhere along the way parents felt obligated to support their kids into their 30s, then inherent them a comfortable life. I was out my parent’s door at 17, and that’s what we all wanted and strived for. Different mindset today.
    Matt
     
  5. Sep 20, 2023 at 7:26 PM
    #245
    Coal Dragger

    Coal Dragger New Member

    Joined:
    May 18, 2021
    Member:
    #63259
    Messages:
    2,826
    Gender:
    Male
    Vehicle:
    2007 White Double Cab Limited 5.7L 4X4
    I wanted a faster vehicle so I also bought a Chevy SS... because 4 door sedans with big V8’s are hilarious.
    Yep, I left home at 18 years old and never lived with my parents again until last August. My dad passed away in fall of 2020, and my mom got sick of living alone 950+ miles away, so she took us up on our offer to come live with us. Sold her house last year for 100% profit, and moved up to South Dakota. So far so good, we can help extend her independence and hopefully provide a better quality of life than living alone in the Ozarks seeing her grandson once or twice a year.
     
  6. Sep 20, 2023 at 7:45 PM
    #246
    Matt2015Tundra

    Matt2015Tundra New Member

    Joined:
    Aug 9, 2022
    Member:
    #81755
    Messages:
    448
    Gender:
    Male
    You are a good man, Sir.


     
  7. Sep 20, 2023 at 8:42 PM
    #247
    Coal Dragger

    Coal Dragger New Member

    Joined:
    May 18, 2021
    Member:
    #63259
    Messages:
    2,826
    Gender:
    Male
    Vehicle:
    2007 White Double Cab Limited 5.7L 4X4
    I wanted a faster vehicle so I also bought a Chevy SS... because 4 door sedans with big V8’s are hilarious.
    I have the occasional moment where I’m a productive member of society. My brother and his wife also offered, they are in Lincoln, NE which was closer.

    My house is considerably larger, and we have no other family around to help out with kiddo wrangling etc. My brother and his wife live near his in-laws, so they have more of a support network. After some consideration she felt that she could contribute more to our situation than my brother’s plus we have more physical space. So she’s got a big bedroom and a sewing room all set up for herself. She also enjoys some tax advantages here vs Nebraska since South Dakota has no state income tax.

    It’s an adjustment for everyone but most days it’s pretty beneficial. My son remains super stoked that grandma lives with us, he just turned 6 so he’s still in that stage where little kids are fun and enjoy parents and grandparents. My mom feels she has a reason to get out and about doing stuff with the boy, and she enjoys putting on dinner in the evening. I’m gone frequently for work so my wife and my mom keep each other company and keep the kiddo supervised and on track. The only downside is they gang up on me with to-do lists on occasion, but that is life.

    Well one other downside is that our old German Shepherd and our Rottweiler have become a couple of fury traitors… they’re pretty much my mom’s dogs now LOL.
     
  8. Sep 20, 2023 at 9:12 PM
    #248
    Eurodriver

    Eurodriver New Member

    Joined:
    Aug 17, 2022
    Member:
    #82062
    Messages:
    733
    I have noticed an inverse correlation between how successful someone is and how long they lived with their parents.

    I don’t mean financially successful either. Just as a person. Mature, responsible, etc.
     
    Coal Dragger likes this.
  9. Sep 20, 2023 at 9:37 PM
    #249
    ColoradoTJ

    ColoradoTJ Certified tow LEO Staff Member

    Joined:
    Feb 24, 2016
    Member:
    #2766
    Messages:
    34,021
    Gender:
    Male
    Colorado
    Vehicle:
    LML 3500HD
    Calibrated Power 5 Tune pack, Allison 1000 tune, PPE deep trans pan, Cold/Hot CAC pipes, Banks CAI, PCV reroute, resonator delete, S&B 62 gal fuel tank, B&W GN hitch
    We told our daughters they have a place to stay if going to school to better themselves. This also means graduating debt free. If they decide to go party and "whatever"....see ya later.

    In our living will our kids don't get any real money until they hit 34 years old. Our lawyer couldn't count how many times children under 30 received large sums of money and pissed it all away/needed rehab/or worse.

    Our next home will be going into a trust or into one of my daughters names. We will not "technically" own it.
     
    Coal Dragger likes this.
  10. Sep 21, 2023 at 3:45 AM
    #250
    BoulderGT3

    BoulderGT3 New Member

    Joined:
    Apr 13, 2023
    Member:
    #95419
    Messages:
    492
    Gender:
    Male
    First Name:
    Glen
    Vehicle:
    2023 1794 4X4 BP/Saddle ADV Steps
    Well done.
     
  11. Sep 21, 2023 at 5:48 AM
    #251
    Reddawg1100

    Reddawg1100 New Member

    Joined:
    Aug 4, 2023
    Member:
    #101474
    Messages:
    117
    FL
    Vehicle:
    21 SR5 Midnight Black DC, AKA: Bat Truck
    Custom rims, front leveling spacers
    What a fantastic conversation this has been, and kudos to the mods for allowing it to happen. Having a constructive conversation over differences and being okay if the other party doesn't agree is a missing skill in today's world.
     
    Matt2015Tundra and V10Ace like this.
  12. Sep 21, 2023 at 6:09 AM
    #252
    Warreng

    Warreng New Member

    Joined:
    Feb 23, 2017
    Member:
    #6495
    Messages:
    879
    Gender:
    Male
    Not hard to spend $30k on a snowmobile these days.
    The crazier part is people line up to buy them.
     
  13. Sep 21, 2023 at 4:25 PM
    #253
    Oldandfat

    Oldandfat New Member

    Joined:
    Feb 26, 2022
    Member:
    #75138
    Messages:
    366
    Cannuckastan
    Vehicle:
    2024 SR5 TRD Offroad Lunar Rock
    my BIL is 41. Lives at home. Never left. Can’t hold a job, drinks lots of beer, smokes pot, cigarettes, “borrowed” money from family and couldn’t pay back (while still being able to afford beer).
     

Products Discussed in

To Top