Can I afford a coal boiler after the BAIL OUT passed?

Can I afford a coal boiler after the BAIL OUT passed?

PostBy: Normy On: Fri Oct 03, 2008 7:36 pm

Upfront....I do not support the 700 I mean 850 billion bail out :mad: :mad3: :mad2: :jawdrop: :chop: :blowup: .....with that being said:


The good news, I'll be able to get a loan for the coal boiler and all the necessary items.

The bad news, after the bail out I won't be able to pay the loan off. :eek2: :fear:
Normy
 
Coal Size/Type: rice
Stove/Furnace Make: EFM
Stove/Furnace Model: 520

Re: Can I afford a coal boiler after the BAIL OUT passed?

PostBy: Freddy On: Fri Oct 03, 2008 9:26 pm

I'm a bit blown away that they're spending 8,000 bazillion dollars when all they needed was a one page insurance policy. Blown away, but not surprised.
Freddy
 
Stoker Coal Boiler: Axeman Anderson 130 (pea)
Hot Air Coal Stoker Stove: Reading piece o' junk in the barn (rice)
Coal Size/Type: Pea size, Superior, deep mined

Re: Can I afford a coal boiler after the BAIL OUT passed?

PostBy: vtec350 On: Fri Oct 03, 2008 9:29 pm

Now they're saying it could take anywhere from 6 months to a year to see if this will work. Nice to know their rolling the dice on our dime !! :mad: :mad:

Dave
vtec350
 
Stove/Furnace Make: Keystoker
Stove/Furnace Model: KA-6


Re: Can I afford a coal boiler after the BAIL OUT passed?

PostBy: Richard S. On: Fri Oct 03, 2008 9:45 pm

Normy wrote:.
The bad news, after the bail out I won't be able to pay the loan off. :eek2: :fear:

Can you afford not to?


It pays for itself. The cost of purchase and installation my be eye popping to some but that money will be paid off in few years though savings on your heating bill. It's all gravy after that. 25 years from now you'll look back and decide it was one of the best financial decisions you ever made.
Richard S.
 
Stoker Coal Boiler: Van Wert VA1200
Coal Size/Type: Buckwheat/Anthracite

Re: Can I afford a coal boiler after the BAIL OUT passed?

PostBy: Scottscoaled On: Fri Oct 03, 2008 9:50 pm

I find it ironic that someone is giving a loan to all the stooges who made bad loans :lol: Is someone making sure they are able to pay it back? :lol: Is there any regulation in place :) Scott
Scottscoaled
 
Stoker Coal Boiler: EFM 520x4, 700. Van Wert 1200.
Hot Air Coal Stoker Furnace: EFM 150, Keystoker 150
Coal Size/Type: Lots of buck

Re: Can I afford a coal boiler after the BAIL OUT passed?

PostBy: chemung On: Fri Oct 03, 2008 11:09 pm

Normy wrote:
The good news, I'll be able to get a loan for the coal boiler and all the necessary items.

The bad news, after the bail out I won't be able to pay the loan off.


If you got a Fannie Mae or Freddie Mac maybe you can get some help from the government :?:

about6463.html
Last edited by Richard S. on Fri Oct 03, 2008 11:11 pm, edited 1 time in total.
Reason: fixed link
chemung
 

Re: Can I afford a coal boiler after the BAIL OUT passed?

PostBy: vtec350 On: Sat Oct 04, 2008 12:21 am

stokerscot wrote:Is someone making sure they are able to pay it back?



Nope, I've seen several finacial analists this week say there's no guarantee that this bail out will even work and it will take 6-12 months to see any results. This is a free pass for wreckless spending and we get to foot the bill :mad: :mad:

Dave
vtec350
 
Stove/Furnace Make: Keystoker
Stove/Furnace Model: KA-6

Re: Can I afford a coal boiler after the BAIL OUT passed?

PostBy: Duengeon master On: Sun Oct 05, 2008 8:55 am

Normy wrote:

The good news, I'll be able to get a loan for the coal boiler and all the necessary items.

The bad news, after the bail out I won't be able to pay the loan off. :eek2: :fear:
All you have to do now is don't pay your mortgage this month!!!!!!! The government will bail you out. Presto! money to buy your boiler (or anything else you want) As for me I want a Harley and an Ak 47or a Springfield M-1 Garand :D :P It's not as if we actually are REQUIRED to have responsability or a job. Why should I save my money. I quote captain Smith of the Titanic "I've just lit the last four boilers, full speed ahead!" I also quote captain Joseph Hazelwood "does anyone want a shot of vodka I'm off duty now! :wine: :beer: Don't just get a boiler, get an Axman Anderson there the best. You have nothing to fear but fear itself! :D
Duengeon master
 
Hand Fed Coal Stove: Harmon Mark III
Coal Size/Type: Anthracite pea and nut mix. Bituminous lump