Goodbye Piggys

[Raybyrnes]

I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.

If you had the financial resources to buy 1 home every year for cash and planned on doing this every year you would have a very good chance of coming out ahead. Does anyone here believe home values will be worth less in 20 years thhan they are today.

Throw out a timeline. 5 years? 10 years? I know I can’t say for sure.

I do know that If I had a 250+ Household Income I would probably have a closer eye on buying just because moving is time consuming and expensive. Additioanlly when you move people want to refurnish and a host of other bulls*#$.

One final note is that while ther have been a number of sectors in the market that have had outstanding returns (Emerging markets) over the past couple of years there are many that you would have lost your shirt (financials). Not everyone is great at manageing this.

A house is somewhere that you live. That is something that people understand. It is not seen as an investment.

[New_Renter]

Raybyrnes,

“A house is somewhere that you live. That is something that people understand. It is not seen as an investment.”

I couldn’t disagree with you more. This sounds like Realtor-speak to me…aimed at snowing people into buying when simple logic and observation tell you otherwise. A house is the largest investment most people will ever make. Not treating it as such can be financial suicide. With a $500K tax advantage (for married, $250K single) it’s also a hell of a tax shelter if you time your purchase/sale properly.

“I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.”

This is complete bull. It is far easier to time the real estate market than it is to time the stock market. You absolutely can’t compare the two. The real estate market is a slow-moving behemoth that plays itself out as a long drawn-out trend that anyone can see if they care to. The problem is that people get far more emotionally tied to their house than a stock. It’s far harder to take the emotion out of real-estate investments that it is to take the emotion out of your stock market investments (which most people can’t do either, by the way). I lost money in the 90’s in real estate because I was too emotionally tied to my primary residence. I didn’t make that mistake this time around.

As for RO, he sounds bitter. His generalizations about Piggingtonians is assinine. There is a great cross-section of RE professionals, RE investors, Current Homeowners, Former Homeowners, Lifelong Renters, Market analysts, etc. from all walks of life here. As I said in another post, I still think RO is actually Steve Rodgers, the CEO of Prudential. Rodgers weekly column in the SD Union home section reminds me of some of RO’s posts (i.e. picking out one slightly positive piece of random monthly data out of the plethora of negative, and harping on it to call a market bottom). That column has provided me with enough hysterics over the last two years that I don’t even have to open the Comic section anymore! Also, there are plenty of Piggingtonians with the means to pull the trigger on buying a new primary residence at any time, i.e. we don’t “need” the market to drop further to make a purchase, but because we view our primary residence as a key investment in our portfolio we continue to hold off until we are confident a bottom has been “put-in”.

[New_Renter]

Raybyrnes,

“A house is somewhere that you live. That is something that people understand. It is not seen as an investment.”

I couldn’t disagree with you more. This sounds like Realtor-speak to me…aimed at snowing people into buying when simple logic and observation tell you otherwise. A house is the largest investment most people will ever make. Not treating it as such can be financial suicide. With a $500K tax advantage (for married, $250K single) it’s also a hell of a tax shelter if you time your purchase/sale properly.

“I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.”

This is complete bull. It is far easier to time the real estate market than it is to time the stock market. You absolutely can’t compare the two. The real estate market is a slow-moving behemoth that plays itself out as a long drawn-out trend that anyone can see if they care to. The problem is that people get far more emotionally tied to their house than a stock. It’s far harder to take the emotion out of real-estate investments that it is to take the emotion out of your stock market investments (which most people can’t do either, by the way). I lost money in the 90’s in real estate because I was too emotionally tied to my primary residence. I didn’t make that mistake this time around.

As for RO, he sounds bitter. His generalizations about Piggingtonians is assinine. There is a great cross-section of RE professionals, RE investors, Current Homeowners, Former Homeowners, Lifelong Renters, Market analysts, etc. from all walks of life here. As I said in another post, I still think RO is actually Steve Rodgers, the CEO of Prudential. Rodgers weekly column in the SD Union home section reminds me of some of RO’s posts (i.e. picking out one slightly positive piece of random monthly data out of the plethora of negative, and harping on it to call a market bottom). That column has provided me with enough hysterics over the last two years that I don’t even have to open the Comic section anymore! Also, there are plenty of Piggingtonians with the means to pull the trigger on buying a new primary residence at any time, i.e. we don’t “need” the market to drop further to make a purchase, but because we view our primary residence as a key investment in our portfolio we continue to hold off until we are confident a bottom has been “put-in”.

[New_Renter]

Raybyrnes,

“A house is somewhere that you live. That is something that people understand. It is not seen as an investment.”

I couldn’t disagree with you more. This sounds like Realtor-speak to me…aimed at snowing people into buying when simple logic and observation tell you otherwise. A house is the largest investment most people will ever make. Not treating it as such can be financial suicide. With a $500K tax advantage (for married, $250K single) it’s also a hell of a tax shelter if you time your purchase/sale properly.

“I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.”

This is complete bull. It is far easier to time the real estate market than it is to time the stock market. You absolutely can’t compare the two. The real estate market is a slow-moving behemoth that plays itself out as a long drawn-out trend that anyone can see if they care to. The problem is that people get far more emotionally tied to their house than a stock. It’s far harder to take the emotion out of real-estate investments that it is to take the emotion out of your stock market investments (which most people can’t do either, by the way). I lost money in the 90’s in real estate because I was too emotionally tied to my primary residence. I didn’t make that mistake this time around.

As for RO, he sounds bitter. His generalizations about Piggingtonians is assinine. There is a great cross-section of RE professionals, RE investors, Current Homeowners, Former Homeowners, Lifelong Renters, Market analysts, etc. from all walks of life here. As I said in another post, I still think RO is actually Steve Rodgers, the CEO of Prudential. Rodgers weekly column in the SD Union home section reminds me of some of RO’s posts (i.e. picking out one slightly positive piece of random monthly data out of the plethora of negative, and harping on it to call a market bottom). That column has provided me with enough hysterics over the last two years that I don’t even have to open the Comic section anymore! Also, there are plenty of Piggingtonians with the means to pull the trigger on buying a new primary residence at any time, i.e. we don’t “need” the market to drop further to make a purchase, but because we view our primary residence as a key investment in our portfolio we continue to hold off until we are confident a bottom has been “put-in”.

[New_Renter]

Raybyrnes,

“A house is somewhere that you live. That is something that people understand. It is not seen as an investment.”

I couldn’t disagree with you more. This sounds like Realtor-speak to me…aimed at snowing people into buying when simple logic and observation tell you otherwise. A house is the largest investment most people will ever make. Not treating it as such can be financial suicide. With a $500K tax advantage (for married, $250K single) it’s also a hell of a tax shelter if you time your purchase/sale properly.

“I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.”

This is complete bull. It is far easier to time the real estate market than it is to time the stock market. You absolutely can’t compare the two. The real estate market is a slow-moving behemoth that plays itself out as a long drawn-out trend that anyone can see if they care to. The problem is that people get far more emotionally tied to their house than a stock. It’s far harder to take the emotion out of real-estate investments that it is to take the emotion out of your stock market investments (which most people can’t do either, by the way). I lost money in the 90’s in real estate because I was too emotionally tied to my primary residence. I didn’t make that mistake this time around.

As for RO, he sounds bitter. His generalizations about Piggingtonians is assinine. There is a great cross-section of RE professionals, RE investors, Current Homeowners, Former Homeowners, Lifelong Renters, Market analysts, etc. from all walks of life here. As I said in another post, I still think RO is actually Steve Rodgers, the CEO of Prudential. Rodgers weekly column in the SD Union home section reminds me of some of RO’s posts (i.e. picking out one slightly positive piece of random monthly data out of the plethora of negative, and harping on it to call a market bottom). That column has provided me with enough hysterics over the last two years that I don’t even have to open the Comic section anymore! Also, there are plenty of Piggingtonians with the means to pull the trigger on buying a new primary residence at any time, i.e. we don’t “need” the market to drop further to make a purchase, but because we view our primary residence as a key investment in our portfolio we continue to hold off until we are confident a bottom has been “put-in”.

[New_Renter]

Raybyrnes,

“A house is somewhere that you live. That is something that people understand. It is not seen as an investment.”

I couldn’t disagree with you more. This sounds like Realtor-speak to me…aimed at snowing people into buying when simple logic and observation tell you otherwise. A house is the largest investment most people will ever make. Not treating it as such can be financial suicide. With a $500K tax advantage (for married, $250K single) it’s also a hell of a tax shelter if you time your purchase/sale properly.

“I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.”

This is complete bull. It is far easier to time the real estate market than it is to time the stock market. You absolutely can’t compare the two. The real estate market is a slow-moving behemoth that plays itself out as a long drawn-out trend that anyone can see if they care to. The problem is that people get far more emotionally tied to their house than a stock. It’s far harder to take the emotion out of real-estate investments that it is to take the emotion out of your stock market investments (which most people can’t do either, by the way). I lost money in the 90’s in real estate because I was too emotionally tied to my primary residence. I didn’t make that mistake this time around.

As for RO, he sounds bitter. His generalizations about Piggingtonians is assinine. There is a great cross-section of RE professionals, RE investors, Current Homeowners, Former Homeowners, Lifelong Renters, Market analysts, etc. from all walks of life here. As I said in another post, I still think RO is actually Steve Rodgers, the CEO of Prudential. Rodgers weekly column in the SD Union home section reminds me of some of RO’s posts (i.e. picking out one slightly positive piece of random monthly data out of the plethora of negative, and harping on it to call a market bottom). That column has provided me with enough hysterics over the last two years that I don’t even have to open the Comic section anymore! Also, there are plenty of Piggingtonians with the means to pull the trigger on buying a new primary residence at any time, i.e. we don’t “need” the market to drop further to make a purchase, but because we view our primary residence as a key investment in our portfolio we continue to hold off until we are confident a bottom has been “put-in”.

[HereWeGo]

It is far easier to time the real estate market than it is to time the stock market. You absolutely can’t compare the two. The real estate market is a slow-moving behemoth that plays itself out as a long drawn-out trend that anyone can see if they care to.

Hear, hear! (or is it Read! Read!)

[HereWeGo]

It is far easier to time the real estate market than it is to time the stock market. You absolutely can’t compare the two. The real estate market is a slow-moving behemoth that plays itself out as a long drawn-out trend that anyone can see if they care to.

Hear, hear! (or is it Read! Read!)

[HereWeGo]

It is far easier to time the real estate market than it is to time the stock market. You absolutely can’t compare the two. The real estate market is a slow-moving behemoth that plays itself out as a long drawn-out trend that anyone can see if they care to.

Hear, hear! (or is it Read! Read!)

[HereWeGo]

It is far easier to time the real estate market than it is to time the stock market. You absolutely can’t compare the two. The real estate market is a slow-moving behemoth that plays itself out as a long drawn-out trend that anyone can see if they care to.

Hear, hear! (or is it Read! Read!)

[HereWeGo]

It is far easier to time the real estate market than it is to time the stock market. You absolutely can’t compare the two. The real estate market is a slow-moving behemoth that plays itself out as a long drawn-out trend that anyone can see if they care to.

Hear, hear! (or is it Read! Read!)

[Raybyrnes]

New_Renter

OK Donald Trump. Where are you millions if you are so great at timeing real esate. If it is so predictable why isn’t everyone making money doing it. Many had tried and thought the smae way you did and are now losing money.

The reality is that for a small number of people thehome someone purchaes is an investmena and is only that at the time of purchase. 4 or 5 years later it is a home.

Case in point. If the majority of people saw home ownership s an investmetn there would ahve been a mass amount of home selling by people who own there homes outright. Why didn’t that happen. Becaseu they don’t look at there home as an investment.

Look a little outside the box and get out of you own perception of how things should be.

Overeating is bad for you health but people do it. Smoking is known to casue cancer but people smoke, drinking isn’t going to get you anywhere yet people drink. Homeownership is a decent investment for many becaseu it forces them to save when they have a 30 Year fixed rate mortgage.

Should it be an investment. Sure. But if someone make enbough money, buys within their means andis happy where they live and don’t want to move around and get in and out of realestate than homeonwership is not going to be seen a an investment to them. We can agree to disagree.

[Raybyrnes]

New_Renter

OK Donald Trump. Where are you millions if you are so great at timeing real esate. If it is so predictable why isn’t everyone making money doing it. Many had tried and thought the smae way you did and are now losing money.

The reality is that for a small number of people thehome someone purchaes is an investmena and is only that at the time of purchase. 4 or 5 years later it is a home.

Case in point. If the majority of people saw home ownership s an investmetn there would ahve been a mass amount of home selling by people who own there homes outright. Why didn’t that happen. Becaseu they don’t look at there home as an investment.

Look a little outside the box and get out of you own perception of how things should be.

Overeating is bad for you health but people do it. Smoking is known to casue cancer but people smoke, drinking isn’t going to get you anywhere yet people drink. Homeownership is a decent investment for many becaseu it forces them to save when they have a 30 Year fixed rate mortgage.

Should it be an investment. Sure. But if someone make enbough money, buys within their means andis happy where they live and don’t want to move around and get in and out of realestate than homeonwership is not going to be seen a an investment to them. We can agree to disagree.

[Raybyrnes]

New_Renter

OK Donald Trump. Where are you millions if you are so great at timeing real esate. If it is so predictable why isn’t everyone making money doing it. Many had tried and thought the smae way you did and are now losing money.

The reality is that for a small number of people thehome someone purchaes is an investmena and is only that at the time of purchase. 4 or 5 years later it is a home.

Case in point. If the majority of people saw home ownership s an investmetn there would ahve been a mass amount of home selling by people who own there homes outright. Why didn’t that happen. Becaseu they don’t look at there home as an investment.

Look a little outside the box and get out of you own perception of how things should be.

Overeating is bad for you health but people do it. Smoking is known to casue cancer but people smoke, drinking isn’t going to get you anywhere yet people drink. Homeownership is a decent investment for many becaseu it forces them to save when they have a 30 Year fixed rate mortgage.

Should it be an investment. Sure. But if someone make enbough money, buys within their means andis happy where they live and don’t want to move around and get in and out of realestate than homeonwership is not going to be seen a an investment to them. We can agree to disagree.

[Raybyrnes]

New_Renter

OK Donald Trump. Where are you millions if you are so great at timeing real esate. If it is so predictable why isn’t everyone making money doing it. Many had tried and thought the smae way you did and are now losing money.

The reality is that for a small number of people thehome someone purchaes is an investmena and is only that at the time of purchase. 4 or 5 years later it is a home.

Case in point. If the majority of people saw home ownership s an investmetn there would ahve been a mass amount of home selling by people who own there homes outright. Why didn’t that happen. Becaseu they don’t look at there home as an investment.

Look a little outside the box and get out of you own perception of how things should be.

Overeating is bad for you health but people do it. Smoking is known to casue cancer but people smoke, drinking isn’t going to get you anywhere yet people drink. Homeownership is a decent investment for many becaseu it forces them to save when they have a 30 Year fixed rate mortgage.

Should it be an investment. Sure. But if someone make enbough money, buys within their means andis happy where they live and don’t want to move around and get in and out of realestate than homeonwership is not going to be seen a an investment to them. We can agree to disagree.

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