sdrealtor, you’re correct, I’m still young, 26, to be exact. But I don’t think my age matter when it come to saving. I came from a family that emphasize saving over spending, and so is my wife. Saving has alot more to do with mindset than age. Just to prove a point, I have more saved for my retirement @ age 26 than the average baby boomer.
I would think as I get older, it’ll be easier to save because since I’ll be saving enough by then that the money I make from interest would be more than I need. I don’t need to live to 200, I just need to teach my kids what my parents taught me. This will alow them to continue where I left off. It takes time to be wealthy, and I mean wealthy, not rich.
I agree with you about those advantages of owning a home. I do want to own a home, many houses to be exact. My point is just, now is not the time, and 20% drop is not low enough for me. When I buy those rental properties, I want it to cash flow positive or at least break even.
powayseller, I agree, I don’t think people should resort to personal attack and condescending remarks. I hope we can continue to have good professional debate without having to resort to personal attack and condescending remarks.
