Domusemptorophobia

[briansd1]

[quote=sdrealtor] What are you afraid of other than not being able to whine on this blog about having to buy a home anymore? Its getting old.[/quote]

I can sympathize with Walter.

It’s not the price of a house (or mortgage payment) relative to income, but the value what you’re paying for.

The market is rigged and that’s what’s scary.

San Diego, coastal California, New York and some other big cities’ real estate have held up pretty well. But nationally, real estate is a mess and the economy is dependent on real estate.

Watch out if somehow the bond market reacts negatively and interest rates shoot up.

[briansd1]

[quote=BigGovernmentIsGood]

Well, as occasionally happens to fiat currencies throughout history, the Kyrgastani fiat became nearly worthless. Suddenly my friend’s parents were close to broke. However, Kyrgastani real estate mostly held it’s value.
[/quote]

That is true for real estate… but only in the last 30 or so years.

You could buy a house in Guatemala (or any poor country) for $5,000 30 years ago, but now the prices are the same as in the USA.

I find the story hard to believe because rich people in poor countries normally have gold, diamonds, dollars and Euros. Not local currency.

[briansd1]

[quote=BigGovernmentIsGood]

Well, as occasionally happens to fiat currencies throughout history, the Kyrgastani fiat became nearly worthless. Suddenly my friend’s parents were close to broke. However, Kyrgastani real estate mostly held it’s value.
[/quote]

That is true for real estate… but only in the last 30 or so years.

You could buy a house in Guatemala (or any poor country) for $5,000 30 years ago, but now the prices are the same as in the USA.

I find the story hard to believe because rich people in poor countries normally have gold, diamonds, dollars and Euros. Not local currency.

[briansd1]

[quote=BigGovernmentIsGood]

Well, as occasionally happens to fiat currencies throughout history, the Kyrgastani fiat became nearly worthless. Suddenly my friend’s parents were close to broke. However, Kyrgastani real estate mostly held it’s value.
[/quote]

That is true for real estate… but only in the last 30 or so years.

You could buy a house in Guatemala (or any poor country) for $5,000 30 years ago, but now the prices are the same as in the USA.

I find the story hard to believe because rich people in poor countries normally have gold, diamonds, dollars and Euros. Not local currency.

[briansd1]

[quote=BigGovernmentIsGood]

Well, as occasionally happens to fiat currencies throughout history, the Kyrgastani fiat became nearly worthless. Suddenly my friend’s parents were close to broke. However, Kyrgastani real estate mostly held it’s value.
[/quote]

That is true for real estate… but only in the last 30 or so years.

You could buy a house in Guatemala (or any poor country) for $5,000 30 years ago, but now the prices are the same as in the USA.

I find the story hard to believe because rich people in poor countries normally have gold, diamonds, dollars and Euros. Not local currency.

[briansd1]

[quote=BigGovernmentIsGood]

Well, as occasionally happens to fiat currencies throughout history, the Kyrgastani fiat became nearly worthless. Suddenly my friend’s parents were close to broke. However, Kyrgastani real estate mostly held it’s value.
[/quote]

That is true for real estate… but only in the last 30 or so years.

You could buy a house in Guatemala (or any poor country) for $5,000 30 years ago, but now the prices are the same as in the USA.

I find the story hard to believe because rich people in poor countries normally have gold, diamonds, dollars and Euros. Not local currency.

[Anonymous]

[quote=walterwhite]i had a pal who lived in a cheap motor home out near work for a year or so. I submit you do not need a house to live in.[/quote]

Knew a guy who lived in a van down by the river. Motivational speaker. Appeared he ate well.

[Anonymous]

[quote=walterwhite]i had a pal who lived in a cheap motor home out near work for a year or so. I submit you do not need a house to live in.[/quote]

Knew a guy who lived in a van down by the river. Motivational speaker. Appeared he ate well.

[Anonymous]

[quote=walterwhite]i had a pal who lived in a cheap motor home out near work for a year or so. I submit you do not need a house to live in.[/quote]

Knew a guy who lived in a van down by the river. Motivational speaker. Appeared he ate well.

[Anonymous]

[quote=walterwhite]i had a pal who lived in a cheap motor home out near work for a year or so. I submit you do not need a house to live in.[/quote]

Knew a guy who lived in a van down by the river. Motivational speaker. Appeared he ate well.

[Anonymous]

[quote=walterwhite]i had a pal who lived in a cheap motor home out near work for a year or so. I submit you do not need a house to live in.[/quote]

Knew a guy who lived in a van down by the river. Motivational speaker. Appeared he ate well.

[CA renter]

[quote=jpinpb][quote=walterwhite]It does seem like a not unreasonable insurance policy. I see it more as a gift to my wife, since I almost never buy her anything expensive (she never even got an engagement ring fer crying out loud. Since this house speaks to her , I can kind of view the extra high price of this house as a kind of gift.[/quote]

There you go. How’s that saying go, a happy wife is a happy marriage.

I like BGIG’s view on real estate as a form of insurance.[/quote]

Yep!

Buy the house for insurance and for your wife, and be done with it. Don’t be a jerk to her, either, if it should fall in value. Your marriage is much more important than fiat money or housing equity, especially when you don’t really need to sell in your lifetime.

Sounds like you have a good thing going (wife, kids, jobs, etc.), scaredy. Relax and enjoy…at least you got 50% off. That sounds pretty darn reasonable to me.

Good luck!

[CA renter]

[quote=jpinpb][quote=walterwhite]It does seem like a not unreasonable insurance policy. I see it more as a gift to my wife, since I almost never buy her anything expensive (she never even got an engagement ring fer crying out loud. Since this house speaks to her , I can kind of view the extra high price of this house as a kind of gift.[/quote]

There you go. How’s that saying go, a happy wife is a happy marriage.

I like BGIG’s view on real estate as a form of insurance.[/quote]

Yep!

Buy the house for insurance and for your wife, and be done with it. Don’t be a jerk to her, either, if it should fall in value. Your marriage is much more important than fiat money or housing equity, especially when you don’t really need to sell in your lifetime.

Sounds like you have a good thing going (wife, kids, jobs, etc.), scaredy. Relax and enjoy…at least you got 50% off. That sounds pretty darn reasonable to me.

Good luck!

[CA renter]

[quote=jpinpb][quote=walterwhite]It does seem like a not unreasonable insurance policy. I see it more as a gift to my wife, since I almost never buy her anything expensive (she never even got an engagement ring fer crying out loud. Since this house speaks to her , I can kind of view the extra high price of this house as a kind of gift.[/quote]

There you go. How’s that saying go, a happy wife is a happy marriage.

I like BGIG’s view on real estate as a form of insurance.[/quote]

Yep!

Buy the house for insurance and for your wife, and be done with it. Don’t be a jerk to her, either, if it should fall in value. Your marriage is much more important than fiat money or housing equity, especially when you don’t really need to sell in your lifetime.

Sounds like you have a good thing going (wife, kids, jobs, etc.), scaredy. Relax and enjoy…at least you got 50% off. That sounds pretty darn reasonable to me.

Good luck!

[CA renter]

[quote=jpinpb][quote=walterwhite]It does seem like a not unreasonable insurance policy. I see it more as a gift to my wife, since I almost never buy her anything expensive (she never even got an engagement ring fer crying out loud. Since this house speaks to her , I can kind of view the extra high price of this house as a kind of gift.[/quote]

There you go. How’s that saying go, a happy wife is a happy marriage.

I like BGIG’s view on real estate as a form of insurance.[/quote]

Yep!

Buy the house for insurance and for your wife, and be done with it. Don’t be a jerk to her, either, if it should fall in value. Your marriage is much more important than fiat money or housing equity, especially when you don’t really need to sell in your lifetime.

Sounds like you have a good thing going (wife, kids, jobs, etc.), scaredy. Relax and enjoy…at least you got 50% off. That sounds pretty darn reasonable to me.

Good luck!

[Author]

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