area suggestion

[SK in CV]

[quote=spdrun]Everyone? Not the bumlosers who bought at 200% of current values for sure (and GOOD, f’em).[/quote]

No, not for them. But i was talking about after the crash. Once it happened, virtually every step that was taken both by private industry and the government(s) were done wrong. And the greater good was accomplished. Prices stabalized. And that was a good thing.

[an]

[quote=spdrun]There are always opportunities. Let’s say if you bought $10k of F in late ’08 – you’d have $100k in hand now.

Oh, and you wish for home affordability yet you whinge about the housing crash. Contradict yourself much? Personally, I think that the housing correction was one of the BEST things to happen to this country.[/quote]
When did I whine about housing crash? I took advantage of the housing crash, so I don’t know what you’re talking about. As for wishing for home affordability, I think it’s affordable today, so again, I don’t know what your point is. What would have been BEST for the country would not to have the housing bubble, not having the crash.

[spdrun]

^^

Agreed.

[flyer]

I understand how you feel with regard to your comments concerning the fate of your age group, AN. Many younger people I’ve talked to feel the same.

When we’re born, and how that effects the outcome of our lives is definitely one of those “wild cards” in life–since none of us consciously makes that choice.

As I mentioned before, sometimes it’s just a “being at the right place at the right time” sort of thing–and much of that is out of our control.

With the way things are in the world at this point in time, all you can do is exactly what you’re doing, and hope for the best, as well as enjoying all of the many blessings you do have.

[an]

[quote=flyer]I understand how you feel with regard to your comments concerning the fate of your age group, AN. Many younger people I’ve talked to feel the same.

When we’re born, and how that effects the outcome of our lives is definitely one of those “wild cards” in life–since none of us consciously makes that choice.

As I mentioned before, sometimes it’s just a “being at the right place at the right time” sort of thing–and much of that is out of our control.

With the way things are in the world at this point in time, all you can do is exactly what you’re doing, and hope for the best, as well as enjoying all of the many blessings you do have.[/quote]
flyer, I agree that when we’re born is out of our control. I was just whining a little bit that some of us younger just have a much harder time to “be in the right place at the price time”, especially when we’ve been dealt with two “wrong place at the wrong time”. So, for some of us who fell trapped to one or both of the “wrong place at the wrong time”, you’re in a deep hole and have to dig yourself out of that first. I’m just talking for people my age in general and not me specifically. I purposely did not buy in 2005 when some of my friends did. People around me were telling me to buy at the time too. It took quite a bit of conviction for someone in their 20s to go against the grain, especially when housing looks like it’ll never crash in 2005.

[flyer]

Glad to hear you held off, AN. Wise move. I’m sure you’re really counting your blessings on that decision.

In the end, life really boils down to the fact that we all have only “X” number of years on earth, and we all want to spend them living our “dream scenario” as long as possible.

That has been my goal since before I finished college, and, it seems to have worked out. Although I know trying to live your dreams is more challenging these days, it can still be done, and I wish you the best!

[an]

[quote=flyer]Glad to hear you held off, AN. Wise move. I’m sure you’re really counting your blessings on that decision.

In the end, life really boils down to the fact that we all have only “X” number of years on earth, and we all want to spend them living our “dream scenario” as long as possible.

That has been my goal since before I finished college, and, it seems to have worked out. Although I know trying to live your dreams is more challenging these days, it can still be done, and I wish you the best![/quote]
Oh, yeah, I’m counting my blessings everyday. Looking back, there’s no way I could be anywhere close to where I am today financially if I would have bought in 2005. However, looking at the past, if I’m 10 years older, my financial position would have been so much better, even if I didn’t do one thing different. I know people who sold their .com stocks during the .com bubble to buy their multi-million dollar home in RSF, just because it’s the right time in their life to move up. They had no idea that .com crash is coming or that we’ll see a RE bubble. They just do it, because they’re at the point in their life to do those things. It’s just their life coincides with the economic cycle. So they reap the benefits. I guess that’s just reiterating your point about being at the right place at the right time. Some people have all the luck while others, would have to constantly avoid being in the wrong place at the wrong time.

[The-Shoveler]

Sometimes it does not matter, you can be in the wrong place at the wrong time no matter when you were born as well.

I remember seeing posts on this board saying they would have been much better off buying a home at the top then leaving their money in the stock market in 2009.

I saw people downsize and put the money in the stock market in 1999 only to have most of it evaporate into thin air when what seem like very solid investment went BK (enron, worldcom etc…)

You can always make the wrong choice, in fact it is very very hard to make the smart choice as they always seem like the most bone head move at the time, like taking your stock money and buying a home in 1999.

That why some people hedge.

[an]

The-Shoveler, what you’re describing is, those people are actively making the wrong choice. I’m talking about people who don’t make those active moves, not those who thinks they can predict the market.

I didn’t say when you’re born guarantee you an easy life and always being in the right place at the right time. However, it does mean you have an opportunity to be in the right place at the right time. Of course, you can also make the wrong decision, but that’s a decision for you to make. Some people don’t have the opportunity to make those decisions (wrong or right) because of when they’re born. Just think of an average person who are not that savvy in finance and try to predict the market. They graduate with an engineering degree, work for 3-5 years while saving for a down payment for a house. That’s your typical progression in life and most people do it w/out think about it. Those who graduate in 1995-1998 will be super lucky (with no need for active decision making). While those who graduate in 2001-2003 will be in a horrible position if they don’t actively think about those decisions.

[The-Shoveler]

I just never used the auto pilot button.

I know most do, I just never did so it’s a little hard for me to relate.

[an]

[quote=The-Shoveler]I just never used the auto pilot button.

I know most do, I just never did so it’s a little hard for me to relate.[/quote]
I don’t either. So I know what you mean about relating. But you do see many on auto pilot. So for those who are on auto pilot, when they’re born makes a huge difference.

Btw, if you’re not the type who are on auto pilot, you might not make the right choice which will make you crash and burn, but you can also become filthy rich as well. Imagine the two engineers example I gave. The one who graduated in 1995, if s/he got lucky with the .com and make 1-2m, then go buy a modest house to live in and buy a bunch of investment properties in 2000. Then sell all of the properties at the near peak (2004ish). S/he can easily have multimillion by now. There’s very little chance the engineer who graduate in 2001-2003, can amass multimillion in 10 years. Especially after just two general decisions.

[Author]

Posts