Bubble bust and changing landscape

[urbanrealtor]

[quote=BGinRB]
Ah, I see a straw man and possible ad hominem.
Ad hominem: “you will be able.”
Straw man: necessity vs. possibility of money being spent.

Since the future appreciation cannot be known there is no point in arguing about it.

[/quote]
The terms you used don’t seem to jive with the citations you made. Unless you 2 had a separate conversation that was not on the thread, I saw no personal attack be esmith on you (your ad hominem). Just using the second person does not generally qualify.
Also, making a competing argument is (necessity v possibility) does not a straw man make. I did not see her (I think its her) reduce your arguments to absurdity and attack them.

While we are bandying about debate club terms, your inapplicable use of “straw-man” and “ad-hominem” are “red-herrings”. It is a distraction from the primary debate and (while intention cannot be determined) they seem to be an intentional attempt to distract.

It seems like you are trying to throw her off her argument (which seems pretty strong).

I don’t generally agree with esmith. But her rent v buy scenario does seem to stand up here. Appreciation can never be known but trends and graphs that track rent to purchase can be obtained (and thus speculation can be made). Rich’s previous graphs about cash flow were very good for this purpose.

[Eugene]

I did not see her (I think its her) reduce your arguments to absurdity and attack them.

LOL.

I assure you, I’m male. Otherwise thanks for your support 🙂

[Eugene]

I did not see her (I think its her) reduce your arguments to absurdity and attack them.

LOL.

I assure you, I’m male. Otherwise thanks for your support 🙂

[Eugene]

I did not see her (I think its her) reduce your arguments to absurdity and attack them.

LOL.

I assure you, I’m male. Otherwise thanks for your support 🙂

[Eugene]

I did not see her (I think its her) reduce your arguments to absurdity and attack them.

LOL.

I assure you, I’m male. Otherwise thanks for your support 🙂

[Eugene]

I did not see her (I think its her) reduce your arguments to absurdity and attack them.

LOL.

I assure you, I’m male. Otherwise thanks for your support 🙂

[smshorttimer]

[quote=esmith]Ok, there was a small error in my calculations (I was computing federal tax based on 130K AGI), and I did not include child tax credit because it’s the same in both cases. I also used 2008 tax tables. Using 120K AGI and taking child tax credit into account, I get $15,037 federal tax when renting and $5,217 federal tax when owning. The difference is lower by $80/month.

I do not doubt that you will be able to spend all money that’s left after paying your mortgage. My point is that owning a 650k house does not put you under more financial stress than renting for $2700/month. [/quote]

I might have missed it, but did you account for all that unused cash in the renter scenario? You can argue monthly principal pay-down versus short-term interest earnings, but in a market like this one I feel perfectly comfortable remaining liquid. My household income is no doubt in the lower tier among Piggington users, so that $300 a month is real $ to me.

[smshorttimer]

[quote=esmith]Ok, there was a small error in my calculations (I was computing federal tax based on 130K AGI), and I did not include child tax credit because it’s the same in both cases. I also used 2008 tax tables. Using 120K AGI and taking child tax credit into account, I get $15,037 federal tax when renting and $5,217 federal tax when owning. The difference is lower by $80/month.

I do not doubt that you will be able to spend all money that’s left after paying your mortgage. My point is that owning a 650k house does not put you under more financial stress than renting for $2700/month. [/quote]

I might have missed it, but did you account for all that unused cash in the renter scenario? You can argue monthly principal pay-down versus short-term interest earnings, but in a market like this one I feel perfectly comfortable remaining liquid. My household income is no doubt in the lower tier among Piggington users, so that $300 a month is real $ to me.

[smshorttimer]

[quote=esmith]Ok, there was a small error in my calculations (I was computing federal tax based on 130K AGI), and I did not include child tax credit because it’s the same in both cases. I also used 2008 tax tables. Using 120K AGI and taking child tax credit into account, I get $15,037 federal tax when renting and $5,217 federal tax when owning. The difference is lower by $80/month.

I do not doubt that you will be able to spend all money that’s left after paying your mortgage. My point is that owning a 650k house does not put you under more financial stress than renting for $2700/month. [/quote]

I might have missed it, but did you account for all that unused cash in the renter scenario? You can argue monthly principal pay-down versus short-term interest earnings, but in a market like this one I feel perfectly comfortable remaining liquid. My household income is no doubt in the lower tier among Piggington users, so that $300 a month is real $ to me.

[smshorttimer]

[quote=esmith]Ok, there was a small error in my calculations (I was computing federal tax based on 130K AGI), and I did not include child tax credit because it’s the same in both cases. I also used 2008 tax tables. Using 120K AGI and taking child tax credit into account, I get $15,037 federal tax when renting and $5,217 federal tax when owning. The difference is lower by $80/month.

I do not doubt that you will be able to spend all money that’s left after paying your mortgage. My point is that owning a 650k house does not put you under more financial stress than renting for $2700/month. [/quote]

I might have missed it, but did you account for all that unused cash in the renter scenario? You can argue monthly principal pay-down versus short-term interest earnings, but in a market like this one I feel perfectly comfortable remaining liquid. My household income is no doubt in the lower tier among Piggington users, so that $300 a month is real $ to me.

[smshorttimer]

[quote=esmith]Ok, there was a small error in my calculations (I was computing federal tax based on 130K AGI), and I did not include child tax credit because it’s the same in both cases. I also used 2008 tax tables. Using 120K AGI and taking child tax credit into account, I get $15,037 federal tax when renting and $5,217 federal tax when owning. The difference is lower by $80/month.

I do not doubt that you will be able to spend all money that’s left after paying your mortgage. My point is that owning a 650k house does not put you under more financial stress than renting for $2700/month. [/quote]

I might have missed it, but did you account for all that unused cash in the renter scenario? You can argue monthly principal pay-down versus short-term interest earnings, but in a market like this one I feel perfectly comfortable remaining liquid. My household income is no doubt in the lower tier among Piggington users, so that $300 a month is real $ to me.

[BGinRB]

[quote=urbanrealtor]The terms you used don’t seem to jive with the citations you made. Unless you 2 had a separate conversation that was not on the thread, I saw no personal attack be esmith on you (your ad hominem). Just using the second person does not generally qualify.
Also, making a competing argument is (necessity v possibility) does not a straw man make. I did not see her (I think its her) reduce your arguments to absurdity and attack them.

While we are bandying about debate club terms, your inapplicable use of “straw-man” and “ad-hominem” are “red-herrings”. It is a distraction from the primary debate and (while intention cannot be determined) they seem to be an intentional attempt to distract.

It seems like you are trying to throw her off her argument (which seems pretty strong).

I don’t generally agree with esmith. But her rent v buy scenario does seem to stand up here. Appreciation can never be known but trends and graphs that track rent to purchase can be obtained (and thus speculation can be made). Rich’s previous graphs about cash flow were very good for this purpose.[/quote]

I once used two of the three you listed to describe general tone of your comments. I stand by what I said in that thread. If you want to discuss it feel free to go back and post to it.

[BGinRB]

[quote=urbanrealtor]The terms you used don’t seem to jive with the citations you made. Unless you 2 had a separate conversation that was not on the thread, I saw no personal attack be esmith on you (your ad hominem). Just using the second person does not generally qualify.
Also, making a competing argument is (necessity v possibility) does not a straw man make. I did not see her (I think its her) reduce your arguments to absurdity and attack them.

While we are bandying about debate club terms, your inapplicable use of “straw-man” and “ad-hominem” are “red-herrings”. It is a distraction from the primary debate and (while intention cannot be determined) they seem to be an intentional attempt to distract.

It seems like you are trying to throw her off her argument (which seems pretty strong).

I don’t generally agree with esmith. But her rent v buy scenario does seem to stand up here. Appreciation can never be known but trends and graphs that track rent to purchase can be obtained (and thus speculation can be made). Rich’s previous graphs about cash flow were very good for this purpose.[/quote]

I once used two of the three you listed to describe general tone of your comments. I stand by what I said in that thread. If you want to discuss it feel free to go back and post to it.

[BGinRB]

[quote=urbanrealtor]The terms you used don’t seem to jive with the citations you made. Unless you 2 had a separate conversation that was not on the thread, I saw no personal attack be esmith on you (your ad hominem). Just using the second person does not generally qualify.
Also, making a competing argument is (necessity v possibility) does not a straw man make. I did not see her (I think its her) reduce your arguments to absurdity and attack them.

While we are bandying about debate club terms, your inapplicable use of “straw-man” and “ad-hominem” are “red-herrings”. It is a distraction from the primary debate and (while intention cannot be determined) they seem to be an intentional attempt to distract.

It seems like you are trying to throw her off her argument (which seems pretty strong).

I don’t generally agree with esmith. But her rent v buy scenario does seem to stand up here. Appreciation can never be known but trends and graphs that track rent to purchase can be obtained (and thus speculation can be made). Rich’s previous graphs about cash flow were very good for this purpose.[/quote]

I once used two of the three you listed to describe general tone of your comments. I stand by what I said in that thread. If you want to discuss it feel free to go back and post to it.

[BGinRB]

[quote=urbanrealtor]The terms you used don’t seem to jive with the citations you made. Unless you 2 had a separate conversation that was not on the thread, I saw no personal attack be esmith on you (your ad hominem). Just using the second person does not generally qualify.
Also, making a competing argument is (necessity v possibility) does not a straw man make. I did not see her (I think its her) reduce your arguments to absurdity and attack them.

While we are bandying about debate club terms, your inapplicable use of “straw-man” and “ad-hominem” are “red-herrings”. It is a distraction from the primary debate and (while intention cannot be determined) they seem to be an intentional attempt to distract.

It seems like you are trying to throw her off her argument (which seems pretty strong).

I don’t generally agree with esmith. But her rent v buy scenario does seem to stand up here. Appreciation can never be known but trends and graphs that track rent to purchase can be obtained (and thus speculation can be made). Rich’s previous graphs about cash flow were very good for this purpose.[/quote]

I once used two of the three you listed to describe general tone of your comments. I stand by what I said in that thread. If you want to discuss it feel free to go back and post to it.

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