Buying with monopoly money

[MountainBound]

Piggs, I have been a loyal reader for 3 years. Sold my house that I bought in 1998 at the peak in 2006. Rented it back from ther “inverstor” that I sold it to. Three years later, he lost it in foreclosure and I bought it back at the Trustee Sale for less than I paid in 1998.

So here’s my question, since I now own the house free and clear, should I take out a mortgage at todays low rates and invest the proceeds? If inflation appears wouldn’t I be better off?

[bearishgurl]

[quote=MountainBound]Piggs, I have been a loyal reader for 3 years. Sold my house that I bought in 1998 at the peak in 2006. Rented it back from ther “inverstor” that I sold it to. Three years later, he lost it in foreclosure and I bought it back at the Trustee Sale for less than I paid in 1998.

So here’s my question, since I now own the house free and clear, should I take out a mortgage at todays low rates and invest the proceeds? If inflation appears wouldn’t I be better off?[/quote]

Lol, MB, LUV IT!! I couldn’t answer your question here as to whether you would be better off but CAN say that if you re-mortgage your principal residence to invest in a modest SFR in an area which you are intimately familiar with, live close to and can manage yourself and which will be a positive cash flow for you, than I see this move as building your own net worth IF you can acquire the property as a decent enough price.

[bearishgurl]

[quote=MountainBound]Piggs, I have been a loyal reader for 3 years. Sold my house that I bought in 1998 at the peak in 2006. Rented it back from ther “inverstor” that I sold it to. Three years later, he lost it in foreclosure and I bought it back at the Trustee Sale for less than I paid in 1998.

So here’s my question, since I now own the house free and clear, should I take out a mortgage at todays low rates and invest the proceeds? If inflation appears wouldn’t I be better off?[/quote]

Lol, MB, LUV IT!! I couldn’t answer your question here as to whether you would be better off but CAN say that if you re-mortgage your principal residence to invest in a modest SFR in an area which you are intimately familiar with, live close to and can manage yourself and which will be a positive cash flow for you, than I see this move as building your own net worth IF you can acquire the property as a decent enough price.

[bearishgurl]

[quote=MountainBound]Piggs, I have been a loyal reader for 3 years. Sold my house that I bought in 1998 at the peak in 2006. Rented it back from ther “inverstor” that I sold it to. Three years later, he lost it in foreclosure and I bought it back at the Trustee Sale for less than I paid in 1998.

So here’s my question, since I now own the house free and clear, should I take out a mortgage at todays low rates and invest the proceeds? If inflation appears wouldn’t I be better off?[/quote]

Lol, MB, LUV IT!! I couldn’t answer your question here as to whether you would be better off but CAN say that if you re-mortgage your principal residence to invest in a modest SFR in an area which you are intimately familiar with, live close to and can manage yourself and which will be a positive cash flow for you, than I see this move as building your own net worth IF you can acquire the property as a decent enough price.

[bearishgurl]

[quote=MountainBound]Piggs, I have been a loyal reader for 3 years. Sold my house that I bought in 1998 at the peak in 2006. Rented it back from ther “inverstor” that I sold it to. Three years later, he lost it in foreclosure and I bought it back at the Trustee Sale for less than I paid in 1998.

So here’s my question, since I now own the house free and clear, should I take out a mortgage at todays low rates and invest the proceeds? If inflation appears wouldn’t I be better off?[/quote]

Lol, MB, LUV IT!! I couldn’t answer your question here as to whether you would be better off but CAN say that if you re-mortgage your principal residence to invest in a modest SFR in an area which you are intimately familiar with, live close to and can manage yourself and which will be a positive cash flow for you, than I see this move as building your own net worth IF you can acquire the property as a decent enough price.

[bearishgurl]

[quote=MountainBound]Piggs, I have been a loyal reader for 3 years. Sold my house that I bought in 1998 at the peak in 2006. Rented it back from ther “inverstor” that I sold it to. Three years later, he lost it in foreclosure and I bought it back at the Trustee Sale for less than I paid in 1998.

So here’s my question, since I now own the house free and clear, should I take out a mortgage at todays low rates and invest the proceeds? If inflation appears wouldn’t I be better off?[/quote]

Lol, MB, LUV IT!! I couldn’t answer your question here as to whether you would be better off but CAN say that if you re-mortgage your principal residence to invest in a modest SFR in an area which you are intimately familiar with, live close to and can manage yourself and which will be a positive cash flow for you, than I see this move as building your own net worth IF you can acquire the property as a decent enough price.

[bearishgurl]

[quote=sdrealtor]Deadzone
I could talk economics all day (degrees in econ and accounting from Milton Friedman’s alma mater as well as MS in finance) but choose not to as I dont subscribe to ivory tower thinking. I live with my feet firmly on the ground and have learned from experience that economists are rarely even close to being accurate in their analysis or forecasts. Carry on adults.[/quote]

I don’t have any degrees in finance and/or economics and thus cannot “walk and talk” this subject what what I CAN “walk and talk” are areas of SD County that I am intimately familiar with and what has transpired in those areas in the past. For this reason, I am completely and utterly “earth-bound.”

[bearishgurl]

[quote=sdrealtor]Deadzone
I could talk economics all day (degrees in econ and accounting from Milton Friedman’s alma mater as well as MS in finance) but choose not to as I dont subscribe to ivory tower thinking. I live with my feet firmly on the ground and have learned from experience that economists are rarely even close to being accurate in their analysis or forecasts. Carry on adults.[/quote]

I don’t have any degrees in finance and/or economics and thus cannot “walk and talk” this subject what what I CAN “walk and talk” are areas of SD County that I am intimately familiar with and what has transpired in those areas in the past. For this reason, I am completely and utterly “earth-bound.”

[bearishgurl]

[quote=sdrealtor]Deadzone
I could talk economics all day (degrees in econ and accounting from Milton Friedman’s alma mater as well as MS in finance) but choose not to as I dont subscribe to ivory tower thinking. I live with my feet firmly on the ground and have learned from experience that economists are rarely even close to being accurate in their analysis or forecasts. Carry on adults.[/quote]

I don’t have any degrees in finance and/or economics and thus cannot “walk and talk” this subject what what I CAN “walk and talk” are areas of SD County that I am intimately familiar with and what has transpired in those areas in the past. For this reason, I am completely and utterly “earth-bound.”

[bearishgurl]

[quote=sdrealtor]Deadzone
I could talk economics all day (degrees in econ and accounting from Milton Friedman’s alma mater as well as MS in finance) but choose not to as I dont subscribe to ivory tower thinking. I live with my feet firmly on the ground and have learned from experience that economists are rarely even close to being accurate in their analysis or forecasts. Carry on adults.[/quote]

I don’t have any degrees in finance and/or economics and thus cannot “walk and talk” this subject what what I CAN “walk and talk” are areas of SD County that I am intimately familiar with and what has transpired in those areas in the past. For this reason, I am completely and utterly “earth-bound.”

[bearishgurl]

[quote=sdrealtor]Deadzone
I could talk economics all day (degrees in econ and accounting from Milton Friedman’s alma mater as well as MS in finance) but choose not to as I dont subscribe to ivory tower thinking. I live with my feet firmly on the ground and have learned from experience that economists are rarely even close to being accurate in their analysis or forecasts. Carry on adults.[/quote]

I don’t have any degrees in finance and/or economics and thus cannot “walk and talk” this subject what what I CAN “walk and talk” are areas of SD County that I am intimately familiar with and what has transpired in those areas in the past. For this reason, I am completely and utterly “earth-bound.”

[Anonymous]

[quote=sdrealtor]Deadzone
I could talk economics all day (degrees in econ and accounting from Milton Friedman’s alma mater as well as MS in finance) but choose not to as I dont subscribe to ivory tower thinking. I live with my feet firmly on the ground and have learned from experience that economists are rarely even close to being accurate in their analysis or forecasts. Carry on adults.[/quote]

I agree with you on that one. When I refer to talking economics I’m speaking of the practical application as we debate here, not the bullcrap spewed in academia.

That said, the fact that higher interest rates would kill the housing market shouldn’t be controversial, it is not a bull vs. bear dabate, just an obvious fact.

[Anonymous]

[quote=sdrealtor]Deadzone
I could talk economics all day (degrees in econ and accounting from Milton Friedman’s alma mater as well as MS in finance) but choose not to as I dont subscribe to ivory tower thinking. I live with my feet firmly on the ground and have learned from experience that economists are rarely even close to being accurate in their analysis or forecasts. Carry on adults.[/quote]

I agree with you on that one. When I refer to talking economics I’m speaking of the practical application as we debate here, not the bullcrap spewed in academia.

That said, the fact that higher interest rates would kill the housing market shouldn’t be controversial, it is not a bull vs. bear dabate, just an obvious fact.

[Anonymous]

[quote=sdrealtor]Deadzone
I could talk economics all day (degrees in econ and accounting from Milton Friedman’s alma mater as well as MS in finance) but choose not to as I dont subscribe to ivory tower thinking. I live with my feet firmly on the ground and have learned from experience that economists are rarely even close to being accurate in their analysis or forecasts. Carry on adults.[/quote]

I agree with you on that one. When I refer to talking economics I’m speaking of the practical application as we debate here, not the bullcrap spewed in academia.

That said, the fact that higher interest rates would kill the housing market shouldn’t be controversial, it is not a bull vs. bear dabate, just an obvious fact.

[Anonymous]

[quote=sdrealtor]Deadzone
I could talk economics all day (degrees in econ and accounting from Milton Friedman’s alma mater as well as MS in finance) but choose not to as I dont subscribe to ivory tower thinking. I live with my feet firmly on the ground and have learned from experience that economists are rarely even close to being accurate in their analysis or forecasts. Carry on adults.[/quote]

I agree with you on that one. When I refer to talking economics I’m speaking of the practical application as we debate here, not the bullcrap spewed in academia.

That said, the fact that higher interest rates would kill the housing market shouldn’t be controversial, it is not a bull vs. bear dabate, just an obvious fact.

[Author]

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