You do realize that securities can be bought and sold right?? I did buy those shares but I sold them all when it hit 260 for a handsome gain and bought back in around 236-245, even Warren Buffet himself could not have timed it more perfectly. While my timing in the housing market sucks looks like it does not quite suck in the stock market, perhaps I should become a trader LMAO! Actually it was a mistake to get out of the market, as the long term philosophy is to stay in which is what I learned from bogleheads.
This time I am in permanently, I am not selling anything even if it goes up![/quote]
I call bullshit on that one.
Of course everyone always talks about the time they bought and scored, no one likes to talk about the times they bought and got screwed….
Second, in continuing my idiocracy of trying to understand your home ownership logic…. I’m not following the relevancy of you not being able to afford an $800k home in Irvine as a starter home…
Yeah, I don’t think I would be able to afford a $1.0million starter home in Del Mar either, if I were in the same situation. In fact, I don’t think I would be even able to afford living in Del Mar as a renter if I wanted to eventually be a home owner.
BTW: just curious, I thought you mentioned you rented in Huntington Beach or something like that. not Irvine. So why are you mentioning home ownership in Irvine, which is considerably more expensive than where you currently rent? Doesn’t seem to be an apples-apples comparison.
