myito– I love that you compliment cyphire on his post, but quickly proceed to declare it simplistic and faulty!
I’m sure he’ll probably weigh in as well, but I couldn’t resist commenting on your itemized listed list:
1) You contradict yourself regarding your perception of loser renters. They’re not losers, but they’re not like-minded either?
When you say you want your neighbors to be like-minded, do you mean in *every* regard? Let’s see, I rent, and I want to hang out with my neighbors, for my kids to go to good schools, to live in a safe area. We *seem* pretty like minded.
Again, you make huge assumptions, cyphire’s situation isn’t special or unique, and neither is mine. You could easily have it as well, but you choose not to. That’s fine, but don’t criticize it.
2) So you’re only putting down around $200K on what sounds like must be a place that runs at least a million. Do you understand the concept of renting money? I hope so, because it sounds like you’re going to be renting a lot of it.
3) Nobody cares about your 401(k). cyphire’s point was that retirement money is exactly that. It sounds like your socking it away, therefore it will grow and you should be fine. If, instead, you are making it part of your housing play, then it won’t grow as much and the $500K isn’t as good as it seems. From prior posts, we can’t tell what your plans were for the money, but you can see where bringing it up in the homebuying context might raise the question.
2nd 3) You’re the one who brought up 11 years ago. As you well know by now, I like to discuss this in the context of the here and now, but don’t fault others for bringing up historical examples that counter your historical examples.
4) Paper loss discussion is all well and fine, but in the long run, the gain or loss is what it is. Granting you a gain when you sell, you still will likely not have gained as much as you could have if you’d held out another year or two. No guarantees, of course, but that’s what it looks like right now.
You’ve also mentioned the quick dollar several times, but that’s not the case at all. The patient are simply waiting for prices to make sense and when they do, they’ll buy and sit for a long time.
5) Okay
and finally, I’m glad you’re revitalized, but I would disagree with SD Realtor. You’re not sticking to your guns. You keep changing them. I’m starting to see a repeating pattern of people specifically addressing your points and you coming back with something else.
You’re also starting more and more to make direct attacks on folks. This is on top of your already indirect attacks. Me, I don’t care. I have thick skin, so bring it on, but I don’t think you get to play the “nice” myito card much longer.
