Our (humans) problem is when things are going gangbusters, we think that is the time to increase spending cause we have the cash.

When I was REALLY doing a ton of real estate, I owned the Bella Vista with over 200 units (above the car dealers downtown) and The Colony with 160+ units over by the Military base.

The admonitions against debt in the Bible and in our old saying Neither A Borrower Nor A Lender Be are based on thousands of years of human experience. 

It's not about the "ability to buy something"... it's about the dishonesty.Is this going to be like car dealers who will run you through 5 hard inquiries in 5 minutes?

Are there hookers and/or drug dealers standing on the street corners?

So, now....around the corner is June 12th the conversion to this new digital signal, and the puppetmasters are so concerned about dissemnating information to their human resources that they are willing to give convertor boxes away FREE.

I'm not clear on all this brokering license talk other than to say in the state of Maryland(where I am) you must either be a licensed broker dealer or a principle in an SEC registered fund to sell a note located in Maryland or to an investor in Maryland based upon what our attorney told us when we registered our PPM in Maryland.

You know the dealer has to make a profit - otherwise, why would he take your old car?

I assume his post is accurate in that he anticipates financing less than $2.5M and as an issuer (and not a dealer) per our state securities law.

I take home ~4k/mo at my job (I approximate because I work as a poker dealer, my income is not fixed), seems like I am well in the positive when it comes to DTI no?