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Old 10-05-2012, 10:36 PM   #1
Cowtown Speed Shop
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Default I am taking them to the trailer park with me!!

Guys,
I am looking for your opinions,... Been told that I am crazy for my way of thinking. My business and Dream Job (Cowtown speed shop) has slowed way down in the last year, Almost Barely keeping the doors open....I have worked my ass off and give up alot to get what I have. And I still have little kids at home, Hell I got one that will be born in march of next year...LOL....Anyhow I have cut my overhead down about all I can....I have had some say "Well you can always sell one or All of your hot rods if things get real bad" I say..Fuck That!!...I am taking them to the trailer park with me!....First off If things get really bad, Who is going to buy them??....prices are already way down on cars due to the fact No one has any money to spend. Or so it seems.....It has taken me 10 years of my life, of hard work and sweat, To get the cars that I currently have....I sure as hell am not going to just give them away to someone with a ton of money, So I can make a few house payments and pay the light bill, Nor Do I want my dream cars in their privite high dollar collections. Anyhow just wanted too see If I am crazy for wanting to keep my cars over my house..LOL...It has not come to that yet,
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Last edited by Cowtown Speed Shop; 10-05-2012 at 10:55 PM. Reason: BS politics
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Old 10-05-2012, 10:41 PM   #2
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Default Re: I am taking them to the trailer park with me!!

I'm with ya Bro , been struggling with my business also . But hang in there , it has to get better .
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Old 10-05-2012, 10:44 PM   #3
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Default Re: I am taking them to the trailer park with me!!

What are you thinking of doing...is the opinion you need if its a good idea to move to a trailer park. If so I would avoid it if you can based on my past experience as a real estate agent, if you own your shop and its mix zone maybe you could convert some of it into a home and live onsite to cut out the need for a traditional home and save on a mortgage payment
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Old 10-05-2012, 10:45 PM   #4
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Default Re: I am taking them to the trailer park with me!!

in regards to selling your cars how many do you have? If you have a bunch keep one or two of your favorites and let the others go, your butt can only drive one at a time...when things get better you can grow your collection again
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Old 10-05-2012, 10:49 PM   #5
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Default Re: I am taking them to the trailer park with me!!

sucks that the economy is where it is at. we all have to do what we have to do to survive. priorities up to you and your family. BS about politics should go elsewhere.
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Old 10-05-2012, 10:50 PM   #6
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Default Re: I am taking them to the trailer park with me!!

Quote:
Originally Posted by Flathead Johnny View Post
in regards to selling your cars how many do you have? If you have a bunch keep one or two of your favorites and let the others go, your butt can only drive one at a time...when things get better you can grow your collection again
They are all my favorites....It would be like picking which kids to keep!..LOL......I already know I am messed up in the head As I hold this stuff in way to high regard, But aside from my wife and kids I do not care about anything else....
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Old 10-05-2012, 10:51 PM   #7
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Default Re: I am taking them to the trailer park with me!!

I love my cars too but I would not loose my house over them.
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Old 10-05-2012, 10:54 PM   #8
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Default Re: I am taking them to the trailer park with me!!

Quote:
Originally Posted by Jalopy Joker View Post
BS about politics should go elsewhere.
Your right This is not the place to tell it like it is in our country, Some may get offended.....I will remove it...
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Old 10-05-2012, 10:58 PM   #9
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Default Re: I am taking them to the trailer park with me!!

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Originally Posted by cully33 View Post
I love my cars too but I would not loose my house over them.
Hell my house is not that nice anyhow....Needs paint, and my new neighbors suck!....LOL
Also, My thoughts are If things get real bad, what happens after I sell all my cars and that money runs out?....End up losing the house anyhow, Why put it off and lose everything I care about? I would rather Just go ahead and take the bull by the horns and get it over with, And try to keep my cars
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Old 10-05-2012, 11:02 PM   #10
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Default Re: I am taking them to the trailer park with me!!

Ya got to think how hard it is to come up with old cars but a house is like a politician...they are everywhere and a dime a dozen!!
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Old 10-05-2012, 11:05 PM   #11
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Default Re: I am taking them to the trailer park with me!!

There just cars,. They an be replaced. Took me over a half century to get the cars I have. But I'd sell them in a heart beat to look after my family.
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Old 10-05-2012, 11:11 PM   #12
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Default Re: I am taking them to the trailer park with me!!

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Originally Posted by chopped51 View Post
There just cars,. They an be replaced. Took me over a half century to get the cars I have. But I'd sell them in a heart beat to look after my family.
Everyone says that!!...And ofcourse I will look over my family, They always come first, But I can look over them in a trailer, just like I can in this house...Houses are replaceable as well......I think alot of people feel their house is their home, Not me! Too Me a house is just a house, My home is wherever My family is, And if that is a trailer or cardboard box, then I will call it home.
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Old 10-05-2012, 11:19 PM   #13
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Default Re: I am taking them to the trailer park with me!!

trust me I know what you are saying, all my cars are favorites but if possible see them as objects if you can, my dad always quoted a song to me as I was growing up and still does to this day come to think of it. "You dont always get what you want, but if you try sometime you get what you need" Just think what you need and not what you want, you want your cars but you dont need them, you just need to take care of you family and the material things in the true sense are worth nothing at all. If you see it that way I think you will find you already have what you need and you can get rid of the rest
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Old 10-05-2012, 11:23 PM   #14
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Default Re: I am taking them to the trailer park with me!!

at this point in the economy most are better off with money in the bank vs cars in the driveway, I rather have a instant cash reserve vs cars I need to sell asap to get money
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Old 10-05-2012, 11:33 PM   #15
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Default Re: I am taking them to the trailer park with me!!

Hang tough brother we have an election coming in november,Maybe things will get better.
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Old 10-05-2012, 11:50 PM   #16
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Default Re: I am taking them to the trailer park with me!!

You should know there are people who quit paying their mortgage and taxes 3 or 4 years ago and are still living in their houses. There are so many foreclosures the banks are scared to dump them all on the market at once. You wouldn't believe how many seemingly rich people, who owe $500,000 on what is now a $300,000 house, just say the hell with it and stop paying.
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Old 10-05-2012, 11:52 PM   #17
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Default Re: I am taking them to the trailer park with me!!

Interesting thread. If I were you. I would work longer hours and do whatever it takes to make an extra buck. I guess it`s no different than having a cash reserve in the bank, don`t touch it unless it is absolutly nessasary. Suck it up and work your ass off, Do whatever it takes to get buy. But the first thing I`d do this weekend is start painting your house, Sometimes we don`t like to hear the real truth. This is just my opinion on this subject.
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Old 10-05-2012, 11:53 PM   #18
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Default Re: I am taking them to the trailer park with me!!

Yes, you could see if the bank will cut you a deal to let them take the house, then you rent it back for some cheap price so it doesn't stand empty. Make them give you like 6 months notice before they're going to sell.

But I just sold a car I've owned for at least six years when a guy made a good offer who seemed like he'd actually do the car better than I was. What the hell. I'd like to sell off almost all of them at this point.
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Old 10-06-2012, 12:33 AM   #19
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Default Re: I am taking them to the trailer park with me!!

dont get me wrong, but with the economy in US, (and many other places) i`m glad i`m sitting in a little country in europe. if shit happens, i will never have to sell my house, worry if i can pay the electric bill, because of the wealfare system here will provide for me and my family,
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Old 10-06-2012, 12:38 AM   #20
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Default Re: I am taking them to the trailer park with me!!

Quote:
Originally Posted by Flathead Johnny View Post
at this point in the economy most are better off with money in the bank vs cars in the driveway, I rather have a instant cash reserve vs cars I need to sell asap to get money
Not sure that I totally agree with that, But I never really new what it was like to have money in the bank, As I have always been able to find homes for those lonely extra dollar bills when I would get them....LOL.....I mainly started this thread to see how many guys here are as crazy as I am (who would keep the cars and get rid of the house) Looks like I am almost all alone on this one....LOL...Seriously, I am not going to go to no trailer park But if it were to come down to it I will keep my hot rods and move....And that is not a joke.....My business is strugling right now, But I plan to push through it, Like always......Anyhow thanks everyone for your input.
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Old 10-06-2012, 12:41 AM   #21
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Default Re: I am taking them to the trailer park with me!!

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if shit happens, i will never have to sell my house, worry if i can pay the electric bill, because of the welfare system here will provide for me and my family,
Oh shit!!.......My prayers are answered!!........I forgot about the welfare system....No worries now, I am going to tell the ol'lady to go ahead and book the cruise....LOL
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Old 10-06-2012, 12:47 AM   #22
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Default Re: I am taking them to the trailer park with me!!

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Originally Posted by Cowtown Speed Shop View Post
Oh shit!!.......My prayers are answered!!........I forgot about the welfare system....No worries now, I am going to tell the ol'lady to go ahead and book the cruise....LOL
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Old 10-06-2012, 12:54 AM   #23
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Default Re: I am taking them to the trailer park with me!!

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Originally Posted by Cowtown Speed Shop View Post
Oh shit!!.......My prayers are answered!!........I forgot about the welfare system....No worries now, I am going to tell the ol'lady to go ahead and book the cruise....LOL
maybe i`m very wrong now, but i have the impression that you can go from having everything, house, cars, boat white picket fence and so on, to loose it it all, if you suddently loose your income, isnt there some sort of safety net provided by the goverment if that happens? see on the news here all the time about the US economy and how people get kicked out of the homes, please correct me if i`m wrong
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Old 10-06-2012, 12:55 AM   #24
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Default Re: I am taking them to the trailer park with me!!

Quote:
Originally Posted by jetslide View Post
dont get me wrong, but with the economy in US, (and many other places) i`m glad i`m sitting in a little country in europe. if shit happens, i will never have to sell my house, worry if i can pay the electric bill, because of the wealfare system here will provide for me and my family,
I have a friend who says nothing but good things about the Norwegians and their country. He has a 16 year old daughter and as soon as she turns 18 and graduates from high school he's taking her to Norway to marry her off.

As far as this country goes, things will never get any better until they take the money out of politics, which will never happen.
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Old 10-06-2012, 01:15 AM   #25
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Default Re: I am taking them to the trailer park with me!!

I would rather sell my car then live in it with a wife and kids. I also wouldn't feel very good about myself as a man if I had a garage full of cars that I was cashing welfare checks to cruise around in. My pride has value too. Don't get me wrong if you absolutely need the welfare scratch then so be it but I would think that was the absolute last resort. get a night job, fix off topic cars on the side, sell some pot(j/k) anyways just do what it takes. good luck with your situation and know you are not alone, It's tough all around.
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Old 10-06-2012, 01:19 AM   #26
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Default Re: I am taking them to the trailer park with me!!

I see you have your own website, but it's not up to date, "in construction", hard to make money that way; get that up and running. You also have an E-Bay business. Cut prices to the bone, and hopefully go with volume to make that up, and build the business. HAMBER discounts, or maybe a HAMB vendor. You could also go to work for someone else, and run the business (s) also. My daughters' Gymnastics Gym Owner, despite owing a gym, was working for another gym, in fact, a competetor in the gymnastic competetitions. He's no longer doing that however, and is concentrating on his business again. Butch/56sedandelivery.
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Old 10-06-2012, 01:31 AM   #27
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Default Re: I am taking them to the trailer park with me!!

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Originally Posted by tudorkeith View Post
I would rather sell my car then live in it with a wife and kids. I also wouldn't feel very good about myself as a man if I had a garage full of cars that I was cashing welfare checks to cruise around in. My pride has value too. Don't get me wrong if you absolutely need the welfare scratch then so be it but I would think that was the absolute last resort. get a night job, fix off topic cars on the side, sell some pot(j/k) anyways just do what it takes. good luck with your situation and know you are not alone, It's tough all around.
Man at this point I am just making fun with my comments. It's late and I have been up since 5AM this morning....Shit I mean yesterday morning
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Old 10-06-2012, 02:36 AM   #28
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Default Re: I am taking them to the trailer park with me!!

You have had your prioeities all wrong,those cars should have been money you took home and paid bills with.Put them ALL up for sale at realistic numbers,keep your family and fix your house. I'm guessing your cars are under construction like your website and not helping you. Reality is a bitch;no one who is broke should own a '32,let alone 3, even if they are project cars, GROW UP,you are in a bind of your own doing. good luck.
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Old 10-06-2012, 02:43 AM   #29
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Default Re: I am taking them to the trailer park with me!!

Hang in there. I know how it feels. I sold my beloved 62 vette a couple of years ago because my business took a dive. I hated to do it, but in the long run it's just a car. Man, that was hard to say. By the way, I was born and raised in K.C.K.
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Old 10-06-2012, 03:03 AM   #30
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Default Re: I am taking them to the trailer park with me!!

This country has a welfare system too, but by the time you qualify you've already lost everything else so........
Cowtown, reading between the lines, you are not at that crunch point yet, the perfect time to decide to work harder/smarter and avoid that scenario.
It would kill me to lose the things that have taken a lifetime to attain, it ain't much in the scheme of things, but they would go before I would put my family on welfare in a trailer.

So yes, you're crazy.. I mean that in the nicest way. I really hope you can find ways to avoid that impending nightmare.

Finding a workspace that you can also live in is something that folks do over here......it's not totally legal but there are many ways to skin a cat.
Town councils tend to turn a blind eye, and sometimes it can be done legally depending on bylaws.
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Old 10-06-2012, 03:27 AM   #31
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Default Re: I am taking them to the trailer park with me!!

Quote:
Originally Posted by anteek View Post
You have had your prioeities all wrong,those cars should have been money you took home and paid bills with.Put them ALL up for sale at realistic numbers,keep your family and fix your house. I'm guessing your cars are under construction like your website and not helping you. Reality is a bitch;no one who is broke should own a '32,let alone 3, even if they are project cars, GROW UP,you are in a bind of your own doing. good luck.
i hate to say it, but this is the right answer. trim the fat. pick one of your cars to keep as a promotional tool, and try and keep a real roof over your head. we had to sell our rental property that i did'nt want to because of the property taxes. sometimes you got to simplfy. try and do the right thing. good luck.
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Old 10-06-2012, 04:17 AM   #32
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Default Re: I am taking them to the trailer park with me!!

Anyhow just wanted too see If I am crazy for wanting to keep my cars over my house..LOL...It has not come to that yet,[/QUOTE]


The answer is "Yes"you would be crazy. The minimum responsibility you have to your family is for food, clothing , a stable roof over their heads, and an education.

Last edited by 48FordFanatic; 10-06-2012 at 04:22 AM.
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Old 10-06-2012, 04:44 AM   #33
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Default Re: I am taking them to the trailer park with me!!

Well Cowtown, it loks like you have choices avaiable to you.
Business is slow - I presume that means you dont have enough customers coming in through the door to give you enough billable hours to charge to pay yourself a living wage.
Go and get a job - at a car dealer or wherever, which will take about 40 - 45 hours leaving you plenty of time and weekends to do whatever Cowtown Speed Shop customers want - that way you can top up your day job with some income generated from the business you intend to keep building.
We're not splitting the atom here - you need to generate some income boy - go and get some! If you can't get a job at a dealer or elsewhere in the trade then you can't be much good at your craft, and that may be the reason you haven't got enough customers.
Not everyone is able to turn their hobby into their career - you may be one who can't.
Deal with it and look after your family.
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Old 10-06-2012, 05:15 AM   #34
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Default Re: I am taking them to the trailer park with me!!

Quote:
Originally Posted by Cowtown Speed Shop View Post
Everyone says that!!...And ofcourse I will look over my family, They always come first, But I can look over them in a trailer, just like I can in this house...Houses are replaceable as well......I think alot of people feel their house is their home, Not me! Too Me a house is just a house, My home is wherever My family is, And if that is a trailer or cardboard box, then I will call it home.
Well then post #3 from Flathead Johnny is your answer. Relocate to a workshop and house in one with maybe a showroom for a car or two or lots of outside yard space. Might need a budget guru to work it all out, How about going into the restoration side of the game. Sports cars & vintage cars need love too. Good luck in the future.
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Old 10-06-2012, 05:59 AM   #35
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Default Re: I am taking them to the trailer park with me!!

Just keep listening to the fuckin media like everyone else. You'll be a broke dick bitch in no time!

Seriously, you need to get over the top of what you're doing and look down at it real close. Look at your target market. If things are slow you have time to make the moves you've always wanted to. Here's a clue, nobody likes a downer. Speak, act, work, sell and everything in between, POSITIVE. Here's some numbers to consider. If we're at a "real" unemployment level of 10%, that means 900,000 out of every million people in the workforce has a job. How's traffic in your area at say, 4:00pm? Where'd they all come from? Ford can't build enough $45-55K trucks to meet demand. A good friend works 12-14hrs a day pouring concrete, as do most all of his co-workers. And I'm in fuckin Motown!

Forget the bad news and focus on what it is you do. Promote yourself to those who want your services. Look to a national market vs local. Local is very important, but it's not everything in a niche market. Do the very best on EVERYTHING as if your future depends on it, because it does. Lots of shops are busy, car counts are pretty damn big at events, somebody is paying someone to do something. Fill the voids and push a bit harder. You have the time to grow rather than cut. Sell? Sell what? If you have cars to pedal, then sell em to a prospective client rather than send them off to another shop. Lastly, get some sleep cuz you got work to do
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Old 10-06-2012, 06:06 AM   #36
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Default Re: I am taking them to the trailer park with me!!

not saying you are, but a lot of people owe more than their house is worth. better to sell the house (and buy one as good for less money later)
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Old 10-06-2012, 06:18 AM   #37
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Default Re: I am taking them to the trailer park with me!!

Cars come and go, but losing a house is hard to replace. A friend of mine had a shop. To cut overhead, he closed the shop and started working out of his house, which had a 6 car garage. The entire backyard is concreted in so it's perfect for a home business. Now, in his late 50's, he realizing that he doesn't have any retirement except for social security, so he sold a car he said he would never sell. He bought a rental property to supplement his retirement. As for myself, I retired recently and have 2 classic cars. My pension pays living expenses and my retirement account makes the house payment. The house will be paid in 4 more years.
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Old 10-06-2012, 06:34 AM   #38
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Default Re: I am taking them to the trailer park with me!!

I have a friend that owns a truck repair shop in the small town we grew up in and was stuggling also. He let go of all the help he had, his brother who actualy started the shop took a full time job elsewhere and works nights at the shop. To my point, his tax guy told him to look into unemployment. He did and isnt exactly wealthy but is surviving now. Not sure how it works but may be worth checking into.
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Old 10-06-2012, 07:49 AM   #39
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Default Re: I am taking them to the trailer park with me!!

I know about buisness slowing down. The day before thanksgiving 2009 I layed off 28 guys. One of the worst days of my life. A lot has happened since then. At one point it was down to my son answering the phone and I was the only one working in the shop. I sold everything I could including all but one car. Knowing what I know now I would have reacted much faster and cut costs right away. I am doing better now even though we still have a mountain of debt to knock down. My point is your family comes first. They are just cars. You can always get more. It sounds like you are a young guy and you should cherish those little kids while you can. Kids are smart. Don't let them think you love your cars more than them.
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Old 10-06-2012, 08:47 AM   #40
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Default Re: I am taking them to the trailer park with me!!

Lots of great advise from your friends here.
The simple fact is you have to find the right combination of;

1) increase what $ comes in
2) decrease $ going out.

This may mean downsizing your home or downsizing your shop (rent). Can you sell the home and dump the shop and find a combo home/shop-even if it's a 5 year plan?

Is your current shop large enough to sublet out a portion to bring in some monthly $ ?

You may have to do all of the above AND work full/part time somewhere else. Do what you have to do. Drive a truck graveyards, etc.

Act now. Don't let the situation get worse.
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Old 10-06-2012, 08:53 AM   #41
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Default Re: I am taking them to the trailer park with me!!

Cowtown, I saw this Bull shit commin down da pike a few years ago. I don't think it was this bad when Ronnie ray gunn was a terrorizin da country wiff his goofball therories . I was living in a mini wharehouse in Dallas and inside my 53 Ford panel too. Hell, id do whatever it took to preserve what little I still had . Yep, DO IT !!!!!!!!!!!!

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Old 10-06-2012, 09:21 AM   #42
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Default Re: I am taking them to the trailer park with me!!

you know i sold speed parts for years ,bought from all the big warehouses,my sales did drop ,but it was from the jegs,summits,type of big box places selling stuff for jobber or below price !!! i was buying for jobber trying to sell for a couple of dollars over that ! my warehouses would not give a better break on stuff /except for there in house brand tiawon/ mexican junk ! threatned to cut me off on sales ! ok fine and dandy ! several of the biggies went under or sold out! reliable,arrow or are in a very bad financial shape ,i just hope this election time everybody gets out to vote ,remember has this last 4 years of our president been good for you ??? vote vote vote thanks mike ,-go get a part time job ,you will make it !! IF I NEED SOME PARTS I WILL PUT YOU ON MY FIRST BUT FROM LIOST ! mike "carryallman" wahl
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Old 10-06-2012, 09:21 AM   #43
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Default Re: I am taking them to the trailer park with me!!

Many responses here that say "it's just a car", but in reality the cars are assets, I call mine "money in the bank", they are just a diiferent form of currency.
Those cars at this point are your savings account, and it sounds like perhaps your only savings. The cars are just like a bond or CD, the "value" of the cars, the money that is yours, that you can't touch, with out selling, right?
The fail side of selling the cars now is it will be too easy to draw a few hunderd today, a few thousnd tomorrow and I guarantee in a few months you will be right back where you started with NOTHING, no money and no cars (No assets).
Your family needs those assests to fall back on if you really hit rock bottom, and are at the point you can not take care of basic needs. It sounds like you are not there yet, if you are, then the decision point is different.
So IMHO keep the cars, make sure they are safe or insured and take the others advise to do what ever you can to genreate income, reduce money going out, and not rob your assets, until it is your last resort.
I sold a couple of cars including a sweet 46 Ford a couple of years ago to pay down some debt that I could have paid off comfortably on longer terms. I see the car has now has been posted here twice with new owners owners and damn, I really screwed up. Cash is gone, a car i should have kept is gone. Loose, loose.
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Old 10-06-2012, 09:41 AM   #44
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Default Re: I am taking them to the trailer park with me!!

Quote:
Originally Posted by jetslide View Post
dont get me wrong, but with the economy in US, (and many other places) i`m glad i`m sitting in a little country in europe. if shit happens, i will never have to sell my house, worry if i can pay the electric bill, because of the wealfare system here will provide for me and my family,
Your post irritated me and caused me to post something political but I decided to edit that. We are all entitled to our own opinions,I just strongly disagree with your look at the situation.
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Old 10-06-2012, 09:59 AM   #45
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Default Re: I am taking them to the trailer park with me!!

Quote:
Originally Posted by jetslide View Post
dont get me wrong, but with the economy in US, (and many other places) i`m glad i`m sitting in a little country in europe. if shit happens, i will never have to sell my house, worry if i can pay the electric bill, because of the wealfare system here will provide for me and my family,
Well fuck me running!
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Old 10-06-2012, 10:02 AM   #46
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Default Re: I am taking them to the trailer park with me!!

The secret to survival is to be willing to do whatever it takes and not look back. A lot of us on here have had to sell our prized possessions over the years just to keep a roof over our heads and food on the table. Yes, we become attached to our cars but family comes first........always. At one point in my life we lost just about everything and the hardest part for me was seeing the pain it put my wife and kids through.

My suggestion to you would be to sit down and list every bill you owe every month, from the major ones to the smallest. Then decide what bills can not be reduced and what ones can. All of us spend way more than we need to on things that we really could survive without. Hone in on those "extra" expenses and reduce or eliminate them altogether. For example, do you really need cable TV ? Do your kids need those dance lessons ? How fuel efficient are your cars ? Do you eat out too often ? etc.

When we were a young family with two small kids we were really struggling and getting nowhere. A very smart man who was my mentor in business told me to take one month out of my life and write down every penny we spent on anything. I kept a list on my dash and if I stopped for gas I wrote it down. If we went to the grocery store I wrote that amount down. If I bought a pack of gum, I wrote that down.

At the end of the month I found out we were spending more money at the convenience store than we were at the grocery store. It is so easy to go in for a loaf of bread and buy some ice cream, soda pop, and pretty soon you spent more than if you had bought real groceries at the store. Same with going to McDonalds or out to eat.

The next month we went on a strict budget, no more convenience stores, and we planned our meals so we used up food rather than throwing it away. If we had roast beef one day we used the leftover meat to make stew the next. We used coupons and it became a game to see how much we could save (and you can save a ton with them).

At the end of that month we were actually seeing daylight and after a few months our life had gotten so much better moneywise. It was the wasted money that was killing us.

Just thought I would pass that along.

Don
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Old 10-06-2012, 03:26 PM   #47
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Default Re: I am taking them to the trailer park with me!!

Guys, Thanks for all the suggestions, My post is a bit exaggerated....Mainly I wanted opinions of if I am crazy to keep the cars and sell the house. I am far from moving to a trailer park or the streets, However If things keep declining at the rate they are anything could happen. for the most part I think with this economy we are all in the same boat. I have argued my points with many, And I still think it is easier to replace a house than One of my cars. I realize very few people care as much about their cars as I do, You have to realize this is not a hobby for me, This is a way of life, I need my cars like a Drug fein needs his fix.....I am smart enough to know that this is crazy, But I also am not going to bullshit myself and say I would be just fine without my cars......If I had to choose between my wife and kids or my cars, Just like everyone I would choose my wife and kids, But If I have too choose between My cars and my house, I am keeping the cars!!...period.....All I am trying to get everyone too see That says they would sell the cars first is.....If things are that bad, And you sell your car and everything else for whatever you can get. All you really done was bought a little time, Once the car money is gone then you are back in the same boat, Only now you don't have your car or nothing left. So you end up going to a trailer park anyhow, Only with nothing. A point of fact, My cars are long paid for, It is not them that I can not afford, It is my house, And living expenses and Gas, taxes etc that I am having trouble with...LOL....So really looking at it that way selling your car to pay bills is like robbing peter to pay paul......And all finance adviser's agree that is not a good idea......LOL......I know I am sounding like somewhat of a smartass here, But I am having too So I can make my point. keep in mine thinking outside of the box is not always wrong, Many people have done great things by not just doing the same thing everyone else would do.....LOL
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Old 10-06-2012, 03:41 PM   #48
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Default Re: I am taking them to the trailer park with me!!

Quote:
Originally Posted by Nitrobaron View Post
So IMHO keep the cars, make sure they are safe or insured and take the others advise to do what ever you can to genreate income, reduce money going out, and not rob your assets, until it is your last resort.
I sold a couple of cars including a sweet 46 Ford a couple of years ago to pay down some debt that I could have paid off comfortably on longer terms. I see the car has now has been posted here twice with new owners owners and damn, I really screwed up. Cash is gone, a car i should have kept is gone. Loose, loose.
Thanks for the response,....So are you saying you would take the (cars/assets) to the trailer park with you?....
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Old 10-06-2012, 04:00 PM   #49
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Default Re: I am taking them to the trailer park with me!!

Back in the day when you had to pay for medical services, I sold a car to pay the hospital bill for the first born and four years later I sold another car for the second son. After reading this thread, I've come to the conclusion that there are a lot of selfish assholes posting here. I'm 71 now and I have far better cars now than the ones I sold to pay for my kids 50 years ago..
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Old 10-06-2012, 04:44 PM   #50
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Default Re: I am taking them to the trailer park with me!!

Quote:
Originally Posted by denis4x4 View Post
Back in the day when you had to pay for medical services, I sold a car to pay the hospital bill for the first born and four years later I sold another car for the second son. After reading this thread, I've come to the conclusion that there are a lot of selfish assholes posting here. I'm 71 now and I have far better cars now than the ones I sold to pay for my kids 50 years ago..
You reminded me of just how expensive doctors and hospitals have become. My first born son's birth cost me $250 in 1973 with no insurance.
But thats an entirely new subject.
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Old 10-06-2012, 04:49 PM   #51
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Default Re: I am taking them to the trailer park with me!!

Quote:
Originally Posted by jetslide View Post
dont get me wrong, but with the economy in US, (and many other places) i`m glad i`m sitting in a little country in europe. if shit happens, i will never have to sell my house, worry if i can pay the electric bill, because of the wealfare system here will provide for me and my family,
Well,you sure have pissed a lot of people off! HRP
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Old 10-06-2012, 04:51 PM   #52
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Default Re: I am taking them to the trailer park with me!!

Well, ever consider downsizing but not to the point of moving to a trailer park?

Move to a smaller town or out of town where you can have a few acres with a decent house and a shop you can run your business in with and extra room for your own cars?

I screw up big time 29 years ago and bought the big old house on the hill that had been my dream house only to figure out a year later that I was in so far over my head I'd never see daylight. At the same time I could have traded my old single wide trailer in on a new double or triple wide and had a payment that would have been a third of what I had to pay on that 80 year old two story and wouldn't have any of the problems I had with the two story. I already had a half acre and plenty of room for a nice shop behind it.

I don't know how you work it and it's none of my damned business anyhow but I have seen more than one guy run his business into the ground because he paid too much attention and spent too much of the business's money on his personal toys be they a race car or fleet of high end street rods, exotic cars, boats or other toys. I've also seen too many guys live in a house that cost too much (I was one of them) or have a shop with a "great location" that cost too much for what it was producing. On the other hand I watched a friend put a speed shop in the wrong location in a town where the guys who were the main potential source of business were never in the habit of getting off the beaten path.

Personally, I've sold the car that I would never sell for any reason because of the situation I was in at the time. That was my 51 Merc coupe that I bought when I was 16 and had for most of 32 years. Regret it yes but I survived and life goes on.
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Old 10-06-2012, 04:56 PM   #53
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Default Re: I am taking them to the trailer park with me!!

Sorry I got caught up with our Norwegian friends comments,,

I have been in your situation and I can assure you I didn't want to sell but keeping a roof over your family's head is much more important.

I hope your business improves and you don't have to do anything drastic,,most small businesses are having a hard time with the economy in the crapper. HRP
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Old 10-06-2012, 04:57 PM   #54
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Default Re: I am taking them to the trailer park with me!!

There are numerous (hundreds, if not thousands) of jobs going begging in the Oklahoma - New Mexico - Kansas oil patch. The OKC Sunday paper usually has multiple adds looking for people with CDL, mechanical skills, etc. My guess is the same is for any big city in the region..

The big energy companies even have schools that train people to work on and around rigs.

Find a place to store your cars, check out the oil patch and hang in there.
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Old 10-06-2012, 04:57 PM   #55
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Default Re: I am taking them to the trailer park with me!!

Forgetting the welfare nonsense. Most of us that have managed to survive this economy (with a few scars) are starting to realize how inundated we have been with cheap (not inexpensive) crap. You clearly have skills that most of the world would kill for so use them to build a simple product with high quality at a higher margin. You have a nice captive audience right here. Eliminate the products or services that you don't make much on and market the high quality higher cost stuff. We cut our product offerings to just the high margin items and focused on building them to a higher standard. I think the middle class is finally starting to appreciate craftsmanship now that most of it has disappeared.
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Old 10-06-2012, 05:19 PM   #56
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Default Re: I am taking them to the trailer park with me!!

Well my house is not much at all however it is paied for, in my case I would not even think of refinacing my house or land before selling my cars to take care of life or family. I just sold my mercury, did not think I would ever do that, but needed the money so it had to go, if I have to, the ford will go also, whatever it takes but the house, never! Jim
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Old 10-06-2012, 05:25 PM   #57
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Default Re: I am taking them to the trailer park with me!!

I haven't read this entire thread, but this is my stance on this. In about 2002 I had a built a large collection of 100's of antique gas pumps and old gas station memorabilia. I still had my first car, a 54 Chevy convertible that was bought new by my Great Grandmother and several 1934 REO Flying Cloud cars. I wouldn't sell any of this stuff for all of the money in the world- I thought. In 2004 things started getting tough financially and I had two young step children to feed that I had taken on as my own. Business got really bad for me and we were going to lose it all. I sold ALL of my stuff to keep our heads above the water. I still ended up going completely under and lost the family in the process, but I haven't lost a minute of sleep over selling my prized possessions in the battle for saving the roof over the head of those two kids. There are always new antique cars and new adventures out there if you have to sell your stuff off. I now get to play with antique airplanes and that is something I couldn't have done in 2004. Any time I would second guess if I was making the right decision by selling my cars, I would think of all the people standing in soup lines in the 1930's during the Great Depression. I bet most of those people would have sold anything to save their family and not thought twice about it. Growing up around those depression era people allows me to be able to cull the herd if times are tough.

I do feel your pain of the possibility of having to sell your stuff. As someone who has had to do it, you won't feel bad about it for very long once you are on the other side of the sale and a little time goes past. No one will will ever think less of the guy that sales it all for the sake of the family.
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Old 10-06-2012, 05:32 PM   #58
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Default Re: I am taking them to the trailer park with me!!

Quote:
Originally Posted by jetslide View Post
dont get me wrong, but with the economy in US, (and many other places) i`m glad i`m sitting in a little country in europe. if shit happens, i will never have to sell my house, worry if i can pay the electric bill, because of the wealfare system here will provide for me and my family,
Really Really I am also glad your there
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Old 10-06-2012, 05:33 PM   #59
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Default Re: I am taking them to the trailer park with me!!

Quote:
Originally Posted by jetslide View Post
dont get me wrong, but with the economy in US, (and many other places) i`m glad i`m sitting in a little country in europe. if shit happens, i will never have to sell my house, worry if i can pay the electric bill, because of the wealfare system here will provide for me and my family,
With whose money? Scandanavia seems to be an odd mixture of individualism and socialism. And this thread is doomed.
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Last edited by belair; 10-06-2012 at 05:39 PM.
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Old 10-06-2012, 05:37 PM   #60
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Default Re: I am taking them to the trailer park with me!!

Quote:
Originally Posted by jetslide View Post
dont get me wrong, but with the economy in US, (and many other places) i`m glad i`m sitting in a little country in europe. if shit happens, i will never have to sell my house, worry if i can pay the electric bill, because of the wealfare system here will provide for me and my family,
Well, I guess I'm glad you're there and not here and voting, then.
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Old 10-06-2012, 05:42 PM   #61
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Default Re: I am taking them to the trailer park with me!!

Hang in there I think we will see thang start chaging around the middel of November
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