Giving in

[Coronita]

[quote=walterwhite]65? Ha. I would be halfway thru the damn mortgage[/quote]

Which is a very interesting point. Why do banks offer 30 year fixed rate loans to 40-50 year old people? Do they really except these folks to make their payments after 65 on a fixed income?

After doing a 30 year loan for two years, I realized how much I was getting raped in interest charges and ended up instead with a 15…

[briansd1]

[quote=JBurkett19] Keep renting. Keep making someone else’s mortgage payment. At the end of it all, you’ll have nothing but paper money. Real estate has intrinsic value. Paper money has nothing but paper.[/quote]

Implicit in your statement is that those who don’t buy houses don’t invest in other assets in other ways.

If you look historically at the last 200 years, those who owned real estate didn’t do so well. Consider the landed aristocrats who had to liquidate their real estate. The traders and business people and those who invested in financial assets became much richer.

[briansd1]

[quote=JBurkett19] Keep renting. Keep making someone else’s mortgage payment. At the end of it all, you’ll have nothing but paper money. Real estate has intrinsic value. Paper money has nothing but paper.[/quote]

Implicit in your statement is that those who don’t buy houses don’t invest in other assets in other ways.

If you look historically at the last 200 years, those who owned real estate didn’t do so well. Consider the landed aristocrats who had to liquidate their real estate. The traders and business people and those who invested in financial assets became much richer.

[briansd1]

[quote=JBurkett19] Keep renting. Keep making someone else’s mortgage payment. At the end of it all, you’ll have nothing but paper money. Real estate has intrinsic value. Paper money has nothing but paper.[/quote]

Implicit in your statement is that those who don’t buy houses don’t invest in other assets in other ways.

If you look historically at the last 200 years, those who owned real estate didn’t do so well. Consider the landed aristocrats who had to liquidate their real estate. The traders and business people and those who invested in financial assets became much richer.

[briansd1]

[quote=JBurkett19] Keep renting. Keep making someone else’s mortgage payment. At the end of it all, you’ll have nothing but paper money. Real estate has intrinsic value. Paper money has nothing but paper.[/quote]

Implicit in your statement is that those who don’t buy houses don’t invest in other assets in other ways.

If you look historically at the last 200 years, those who owned real estate didn’t do so well. Consider the landed aristocrats who had to liquidate their real estate. The traders and business people and those who invested in financial assets became much richer.

[briansd1]

[quote=JBurkett19] Keep renting. Keep making someone else’s mortgage payment. At the end of it all, you’ll have nothing but paper money. Real estate has intrinsic value. Paper money has nothing but paper.[/quote]

Implicit in your statement is that those who don’t buy houses don’t invest in other assets in other ways.

If you look historically at the last 200 years, those who owned real estate didn’t do so well. Consider the landed aristocrats who had to liquidate their real estate. The traders and business people and those who invested in financial assets became much richer.

[scaredyclassic]

I did a 30 year mortgage while pushing 50 and hope and expect to be virile, active and kicking ass at 80. I didn’t do the 15 y mtg cause I felt the lengthier tax break coupled w having extra cash now made up the difference and I wanted to speculate a bit on inflation for the remainder of my stay here on earth ie the next 30-50 years.

[scaredyclassic]

I did a 30 year mortgage while pushing 50 and hope and expect to be virile, active and kicking ass at 80. I didn’t do the 15 y mtg cause I felt the lengthier tax break coupled w having extra cash now made up the difference and I wanted to speculate a bit on inflation for the remainder of my stay here on earth ie the next 30-50 years.

[scaredyclassic]

I did a 30 year mortgage while pushing 50 and hope and expect to be virile, active and kicking ass at 80. I didn’t do the 15 y mtg cause I felt the lengthier tax break coupled w having extra cash now made up the difference and I wanted to speculate a bit on inflation for the remainder of my stay here on earth ie the next 30-50 years.

[scaredyclassic]

I did a 30 year mortgage while pushing 50 and hope and expect to be virile, active and kicking ass at 80. I didn’t do the 15 y mtg cause I felt the lengthier tax break coupled w having extra cash now made up the difference and I wanted to speculate a bit on inflation for the remainder of my stay here on earth ie the next 30-50 years.

[scaredyclassic]

I did a 30 year mortgage while pushing 50 and hope and expect to be virile, active and kicking ass at 80. I didn’t do the 15 y mtg cause I felt the lengthier tax break coupled w having extra cash now made up the difference and I wanted to speculate a bit on inflation for the remainder of my stay here on earth ie the next 30-50 years.

[bluehairdave]

[quote=briansd1][quote=bluehairdave]
Get married, buy a house, have a few kids buy a nicer and bigger house. Pay for college for the kids etc.. You know… Things that 90% of the rest of the world literally go to war to try to get the chance to do.[/quote]

Propaganda.

If you want to do it, then do it. But if others don’t want to, let them be. What is it to you if other people don’t buy? More for you.

Like I said before, the guy I know rents a $1.2 million house in La Jolla for $3,700/mo including pool and garden service. The owner wanted $4,800/mo but the house had been sitting. I told him to offer $3,700 with 6 months paid in advance so the owner knew he was serious. He got a great deal.[/quote]

Yes of course. 10’s of thousands of years or human nature doing a very similar thing is propaganda. Im willing to bet if you go talk to a single renter who never married or didnt have kids etc and ask them their lifes greatest regrets. Your going to find out it gets very lonely and sad. Then add in trying to live under a landlord when your senior? Nothing to pass on to your kids in the form of an estate if you had them?

Im not saying everyone can or should buy a home but dont tell me its propaganda to go out in the world and scratch an instinctive itch to provide for your family and live comfortably and own land.

Sounds like sour grapes to me.

[bluehairdave]

[quote=briansd1][quote=bluehairdave]
Get married, buy a house, have a few kids buy a nicer and bigger house. Pay for college for the kids etc.. You know… Things that 90% of the rest of the world literally go to war to try to get the chance to do.[/quote]

Propaganda.

If you want to do it, then do it. But if others don’t want to, let them be. What is it to you if other people don’t buy? More for you.

Like I said before, the guy I know rents a $1.2 million house in La Jolla for $3,700/mo including pool and garden service. The owner wanted $4,800/mo but the house had been sitting. I told him to offer $3,700 with 6 months paid in advance so the owner knew he was serious. He got a great deal.[/quote]

Yes of course. 10’s of thousands of years or human nature doing a very similar thing is propaganda. Im willing to bet if you go talk to a single renter who never married or didnt have kids etc and ask them their lifes greatest regrets. Your going to find out it gets very lonely and sad. Then add in trying to live under a landlord when your senior? Nothing to pass on to your kids in the form of an estate if you had them?

Im not saying everyone can or should buy a home but dont tell me its propaganda to go out in the world and scratch an instinctive itch to provide for your family and live comfortably and own land.

Sounds like sour grapes to me.

[bluehairdave]

[quote=briansd1][quote=bluehairdave]
Get married, buy a house, have a few kids buy a nicer and bigger house. Pay for college for the kids etc.. You know… Things that 90% of the rest of the world literally go to war to try to get the chance to do.[/quote]

Propaganda.

If you want to do it, then do it. But if others don’t want to, let them be. What is it to you if other people don’t buy? More for you.

Like I said before, the guy I know rents a $1.2 million house in La Jolla for $3,700/mo including pool and garden service. The owner wanted $4,800/mo but the house had been sitting. I told him to offer $3,700 with 6 months paid in advance so the owner knew he was serious. He got a great deal.[/quote]

Yes of course. 10’s of thousands of years or human nature doing a very similar thing is propaganda. Im willing to bet if you go talk to a single renter who never married or didnt have kids etc and ask them their lifes greatest regrets. Your going to find out it gets very lonely and sad. Then add in trying to live under a landlord when your senior? Nothing to pass on to your kids in the form of an estate if you had them?

Im not saying everyone can or should buy a home but dont tell me its propaganda to go out in the world and scratch an instinctive itch to provide for your family and live comfortably and own land.

Sounds like sour grapes to me.

[bluehairdave]

[quote=briansd1][quote=bluehairdave]
Get married, buy a house, have a few kids buy a nicer and bigger house. Pay for college for the kids etc.. You know… Things that 90% of the rest of the world literally go to war to try to get the chance to do.[/quote]

Propaganda.

If you want to do it, then do it. But if others don’t want to, let them be. What is it to you if other people don’t buy? More for you.

Like I said before, the guy I know rents a $1.2 million house in La Jolla for $3,700/mo including pool and garden service. The owner wanted $4,800/mo but the house had been sitting. I told him to offer $3,700 with 6 months paid in advance so the owner knew he was serious. He got a great deal.[/quote]

Yes of course. 10’s of thousands of years or human nature doing a very similar thing is propaganda. Im willing to bet if you go talk to a single renter who never married or didnt have kids etc and ask them their lifes greatest regrets. Your going to find out it gets very lonely and sad. Then add in trying to live under a landlord when your senior? Nothing to pass on to your kids in the form of an estate if you had them?

Im not saying everyone can or should buy a home but dont tell me its propaganda to go out in the world and scratch an instinctive itch to provide for your family and live comfortably and own land.

Sounds like sour grapes to me.

[Author]

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