- This topic has 240 replies, 31 voices, and was last updated 16 years, 10 months ago by dbapig.
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December 27, 2007 at 9:41 PM #125607December 27, 2007 at 9:46 PM #125366New_RenterParticipant
Rayburns,
1. I agree with you that most people don’t view their primary residence as an investment. However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?2. The Donald Trump comment was quite presumptious. You simply have no idea. I won’t be baited on this one.
I am fine with agreeing to disagree.
December 27, 2007 at 9:46 PM #125519New_RenterParticipantRayburns,
1. I agree with you that most people don’t view their primary residence as an investment. However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?2. The Donald Trump comment was quite presumptious. You simply have no idea. I won’t be baited on this one.
I am fine with agreeing to disagree.
December 27, 2007 at 9:46 PM #125537New_RenterParticipantRayburns,
1. I agree with you that most people don’t view their primary residence as an investment. However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?2. The Donald Trump comment was quite presumptious. You simply have no idea. I won’t be baited on this one.
I am fine with agreeing to disagree.
December 27, 2007 at 9:46 PM #125598New_RenterParticipantRayburns,
1. I agree with you that most people don’t view their primary residence as an investment. However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?2. The Donald Trump comment was quite presumptious. You simply have no idea. I won’t be baited on this one.
I am fine with agreeing to disagree.
December 27, 2007 at 9:46 PM #125624New_RenterParticipantRayburns,
1. I agree with you that most people don’t view their primary residence as an investment. However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?2. The Donald Trump comment was quite presumptious. You simply have no idea. I won’t be baited on this one.
I am fine with agreeing to disagree.
December 28, 2007 at 6:59 PM #125916RaybyrnesParticipantNew_Renter
“However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?”
I feel comfortable with this statement but the reality is that there are millions of homeonwers out there. The large majority of them never look at the value of their homes. Most have done extremely well over time. In 10 or 20 years I would tend to think that today buyers would be in a similiar situation.
With respect to paying upwards of 50% of ones income “well that is a bonehead move” buying way to much house.
What strikes me as funny is that over the lst 7 years I have been out here people talk about their homes as good investments at the time of purchase. There is little mention of a home zs an investmetn after the 5 year mark. At that point people are talking about eauity lines and how they want to have a built in fire pit outside etc. The reality is that theme smae people begin to settle in and the house is no longer thought of as an investment.
With respect to the argument that real estate is slwo and predictable. Well I don’t know about anyone else but 2000 to 2005 was qanything but slow and predictable and 2005 to 2007 has been extremely fast to the down side. Maybe otehr feels these are normal vibrations of the market I don’t.
December 28, 2007 at 6:59 PM #126071RaybyrnesParticipantNew_Renter
“However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?”
I feel comfortable with this statement but the reality is that there are millions of homeonwers out there. The large majority of them never look at the value of their homes. Most have done extremely well over time. In 10 or 20 years I would tend to think that today buyers would be in a similiar situation.
With respect to paying upwards of 50% of ones income “well that is a bonehead move” buying way to much house.
What strikes me as funny is that over the lst 7 years I have been out here people talk about their homes as good investments at the time of purchase. There is little mention of a home zs an investmetn after the 5 year mark. At that point people are talking about eauity lines and how they want to have a built in fire pit outside etc. The reality is that theme smae people begin to settle in and the house is no longer thought of as an investment.
With respect to the argument that real estate is slwo and predictable. Well I don’t know about anyone else but 2000 to 2005 was qanything but slow and predictable and 2005 to 2007 has been extremely fast to the down side. Maybe otehr feels these are normal vibrations of the market I don’t.
December 28, 2007 at 6:59 PM #126085RaybyrnesParticipantNew_Renter
“However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?”
I feel comfortable with this statement but the reality is that there are millions of homeonwers out there. The large majority of them never look at the value of their homes. Most have done extremely well over time. In 10 or 20 years I would tend to think that today buyers would be in a similiar situation.
With respect to paying upwards of 50% of ones income “well that is a bonehead move” buying way to much house.
What strikes me as funny is that over the lst 7 years I have been out here people talk about their homes as good investments at the time of purchase. There is little mention of a home zs an investmetn after the 5 year mark. At that point people are talking about eauity lines and how they want to have a built in fire pit outside etc. The reality is that theme smae people begin to settle in and the house is no longer thought of as an investment.
With respect to the argument that real estate is slwo and predictable. Well I don’t know about anyone else but 2000 to 2005 was qanything but slow and predictable and 2005 to 2007 has been extremely fast to the down side. Maybe otehr feels these are normal vibrations of the market I don’t.
December 28, 2007 at 6:59 PM #126147RaybyrnesParticipantNew_Renter
“However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?”
I feel comfortable with this statement but the reality is that there are millions of homeonwers out there. The large majority of them never look at the value of their homes. Most have done extremely well over time. In 10 or 20 years I would tend to think that today buyers would be in a similiar situation.
With respect to paying upwards of 50% of ones income “well that is a bonehead move” buying way to much house.
What strikes me as funny is that over the lst 7 years I have been out here people talk about their homes as good investments at the time of purchase. There is little mention of a home zs an investmetn after the 5 year mark. At that point people are talking about eauity lines and how they want to have a built in fire pit outside etc. The reality is that theme smae people begin to settle in and the house is no longer thought of as an investment.
With respect to the argument that real estate is slwo and predictable. Well I don’t know about anyone else but 2000 to 2005 was qanything but slow and predictable and 2005 to 2007 has been extremely fast to the down side. Maybe otehr feels these are normal vibrations of the market I don’t.
December 28, 2007 at 6:59 PM #126175RaybyrnesParticipantNew_Renter
“However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?”
I feel comfortable with this statement but the reality is that there are millions of homeonwers out there. The large majority of them never look at the value of their homes. Most have done extremely well over time. In 10 or 20 years I would tend to think that today buyers would be in a similiar situation.
With respect to paying upwards of 50% of ones income “well that is a bonehead move” buying way to much house.
What strikes me as funny is that over the lst 7 years I have been out here people talk about their homes as good investments at the time of purchase. There is little mention of a home zs an investmetn after the 5 year mark. At that point people are talking about eauity lines and how they want to have a built in fire pit outside etc. The reality is that theme smae people begin to settle in and the house is no longer thought of as an investment.
With respect to the argument that real estate is slwo and predictable. Well I don’t know about anyone else but 2000 to 2005 was qanything but slow and predictable and 2005 to 2007 has been extremely fast to the down side. Maybe otehr feels these are normal vibrations of the market I don’t.
December 28, 2007 at 7:17 PM #125926eccen in escParticipanteccen in esc
Goodbye RO, and could you take Marion and her Mice with you.Happy Piggy
ps, don’t eat pork – it’s cannibalism
December 28, 2007 at 7:17 PM #126081eccen in escParticipanteccen in esc
Goodbye RO, and could you take Marion and her Mice with you.Happy Piggy
ps, don’t eat pork – it’s cannibalism
December 28, 2007 at 7:17 PM #126096eccen in escParticipanteccen in esc
Goodbye RO, and could you take Marion and her Mice with you.Happy Piggy
ps, don’t eat pork – it’s cannibalism
December 28, 2007 at 7:17 PM #126157eccen in escParticipanteccen in esc
Goodbye RO, and could you take Marion and her Mice with you.Happy Piggy
ps, don’t eat pork – it’s cannibalism
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