I’m officially a knifecatcher

[Anonymous]

Right, it could be a lot worse. The real knife catchers are those who bought between 2008-2010 because they generally didn’t have the luxury of no downpayment loans that they could walk out on. Most of the fools who really overpaid in 2004-2007 timeframe had the luxury of walking away.

[lifeizfunhuh]

JP,

The purchase is going to look like very good financial planning in a few years. According to a breakthrough inflation measurement tool developed by brainiacs over at MIT, prices in this country have increased by 2% in just six weeks! In other words, prices are going “parabolic.” And that means it is a good time to have low, fixed rate debt, as much as you can. You traded a fixed cash flow with decreasing value for a physical asset. 2% inflation in six weeks is roughly 17% annual inflation before compounding. That’s a LOT.

Historically, in periods of high inflation, real estate is one of the best places to be. But even if that is not the case, your costs are fixed. So relax about your finances, enjoy the tax deduction while you can, and welcome to the club of fellow knife-catchers!!! Well played.

PS, the MIT data is available here:
http://bpp.mit.edu/daily-price-indexes/

[lifeizfunhuh]

JP,

The purchase is going to look like very good financial planning in a few years. According to a breakthrough inflation measurement tool developed by brainiacs over at MIT, prices in this country have increased by 2% in just six weeks! In other words, prices are going “parabolic.” And that means it is a good time to have low, fixed rate debt, as much as you can. You traded a fixed cash flow with decreasing value for a physical asset. 2% inflation in six weeks is roughly 17% annual inflation before compounding. That’s a LOT.

Historically, in periods of high inflation, real estate is one of the best places to be. But even if that is not the case, your costs are fixed. So relax about your finances, enjoy the tax deduction while you can, and welcome to the club of fellow knife-catchers!!! Well played.

PS, the MIT data is available here:
http://bpp.mit.edu/daily-price-indexes/

[lifeizfunhuh]

JP,

The purchase is going to look like very good financial planning in a few years. According to a breakthrough inflation measurement tool developed by brainiacs over at MIT, prices in this country have increased by 2% in just six weeks! In other words, prices are going “parabolic.” And that means it is a good time to have low, fixed rate debt, as much as you can. You traded a fixed cash flow with decreasing value for a physical asset. 2% inflation in six weeks is roughly 17% annual inflation before compounding. That’s a LOT.

Historically, in periods of high inflation, real estate is one of the best places to be. But even if that is not the case, your costs are fixed. So relax about your finances, enjoy the tax deduction while you can, and welcome to the club of fellow knife-catchers!!! Well played.

PS, the MIT data is available here:
http://bpp.mit.edu/daily-price-indexes/

[lifeizfunhuh]

JP,

The purchase is going to look like very good financial planning in a few years. According to a breakthrough inflation measurement tool developed by brainiacs over at MIT, prices in this country have increased by 2% in just six weeks! In other words, prices are going “parabolic.” And that means it is a good time to have low, fixed rate debt, as much as you can. You traded a fixed cash flow with decreasing value for a physical asset. 2% inflation in six weeks is roughly 17% annual inflation before compounding. That’s a LOT.

Historically, in periods of high inflation, real estate is one of the best places to be. But even if that is not the case, your costs are fixed. So relax about your finances, enjoy the tax deduction while you can, and welcome to the club of fellow knife-catchers!!! Well played.

PS, the MIT data is available here:
http://bpp.mit.edu/daily-price-indexes/

[lifeizfunhuh]

JP,

The purchase is going to look like very good financial planning in a few years. According to a breakthrough inflation measurement tool developed by brainiacs over at MIT, prices in this country have increased by 2% in just six weeks! In other words, prices are going “parabolic.” And that means it is a good time to have low, fixed rate debt, as much as you can. You traded a fixed cash flow with decreasing value for a physical asset. 2% inflation in six weeks is roughly 17% annual inflation before compounding. That’s a LOT.

Historically, in periods of high inflation, real estate is one of the best places to be. But even if that is not the case, your costs are fixed. So relax about your finances, enjoy the tax deduction while you can, and welcome to the club of fellow knife-catchers!!! Well played.

PS, the MIT data is available here:
http://bpp.mit.edu/daily-price-indexes/

[jpinpb]

Well, my one of my dream homes in PB is back on the market again. It’s still a little out of my budget. 2176 Diamond. Right now is when I’m wishing I could devine 6 magical numbers.

[jpinpb]

Well, my one of my dream homes in PB is back on the market again. It’s still a little out of my budget. 2176 Diamond. Right now is when I’m wishing I could devine 6 magical numbers.

[jpinpb]

Well, my one of my dream homes in PB is back on the market again. It’s still a little out of my budget. 2176 Diamond. Right now is when I’m wishing I could devine 6 magical numbers.

[jpinpb]

Well, my one of my dream homes in PB is back on the market again. It’s still a little out of my budget. 2176 Diamond. Right now is when I’m wishing I could devine 6 magical numbers.

[jpinpb]

Well, my one of my dream homes in PB is back on the market again. It’s still a little out of my budget. 2176 Diamond. Right now is when I’m wishing I could devine 6 magical numbers.

[XBoxBoy]

JP,

Sorry to be so late to this post. It’s been a busy couple of days. I can certainly relate to your situation and your feelings. My wife and I bought a little over a year ago, mainly because I really couldn’t keep saying “just wait”. We’d had so many knockdown drag out fights about home ownership over the last 4-5 years that I just didn’t think we’d survive many more of them.

So has it been worth it? I’d have to say yes. Sure the value of our place has probably gone down some (maybe even 10%, who knows) but we aren’t planning on selling any time soon, and we can afford what we bought without struggle. On the up side, my wife is thrilled, and my step son is pretty happy too. Lots of little things can add up to a good bit of positive.

In the end, I’ve come to realize this isn’t really about making a successful investment, or buying at the bottom. It’s about getting on with my life as best I can under the circumstances.

Being the housing junkie for so long, I can tell you that I still watch the real estate listings every day, and while I’ve seen some other houses that are probably comparable to what we bought, nothing that knocks me over and says “oh wow! should have waited.” Yeah, there have been nicer places, but they’ve been more money than we wanted to spend. Yeah, there have been cheaper places, but honestly not nicer than what we bought. I suspect you too will watch the housing market, but whatever happens don’t let it get to you.

As to what will happen from here on out? I’m of the opinion that between the fed printing money and the banks playing games, the housing market doesn’t collapse much more. I could easily see five to ten years of gradual dwindling of prices, but just how long is it worth it to wait if prices are only dropping a couple percent a year? And what if we start to get inflation?

And bottom line to all this? You got a happy hubby, and a place to live. Go cherish that. Besides, even if the housing market tanks, I bet you don’t lose nearly as much as most of Bernie Madoff’s investors did. So, look on the bright side. (cue monty python stage left)

XboxBoy

[XBoxBoy]

JP,

Sorry to be so late to this post. It’s been a busy couple of days. I can certainly relate to your situation and your feelings. My wife and I bought a little over a year ago, mainly because I really couldn’t keep saying “just wait”. We’d had so many knockdown drag out fights about home ownership over the last 4-5 years that I just didn’t think we’d survive many more of them.

So has it been worth it? I’d have to say yes. Sure the value of our place has probably gone down some (maybe even 10%, who knows) but we aren’t planning on selling any time soon, and we can afford what we bought without struggle. On the up side, my wife is thrilled, and my step son is pretty happy too. Lots of little things can add up to a good bit of positive.

In the end, I’ve come to realize this isn’t really about making a successful investment, or buying at the bottom. It’s about getting on with my life as best I can under the circumstances.

Being the housing junkie for so long, I can tell you that I still watch the real estate listings every day, and while I’ve seen some other houses that are probably comparable to what we bought, nothing that knocks me over and says “oh wow! should have waited.” Yeah, there have been nicer places, but they’ve been more money than we wanted to spend. Yeah, there have been cheaper places, but honestly not nicer than what we bought. I suspect you too will watch the housing market, but whatever happens don’t let it get to you.

As to what will happen from here on out? I’m of the opinion that between the fed printing money and the banks playing games, the housing market doesn’t collapse much more. I could easily see five to ten years of gradual dwindling of prices, but just how long is it worth it to wait if prices are only dropping a couple percent a year? And what if we start to get inflation?

And bottom line to all this? You got a happy hubby, and a place to live. Go cherish that. Besides, even if the housing market tanks, I bet you don’t lose nearly as much as most of Bernie Madoff’s investors did. So, look on the bright side. (cue monty python stage left)

XboxBoy

[XBoxBoy]

JP,

Sorry to be so late to this post. It’s been a busy couple of days. I can certainly relate to your situation and your feelings. My wife and I bought a little over a year ago, mainly because I really couldn’t keep saying “just wait”. We’d had so many knockdown drag out fights about home ownership over the last 4-5 years that I just didn’t think we’d survive many more of them.

So has it been worth it? I’d have to say yes. Sure the value of our place has probably gone down some (maybe even 10%, who knows) but we aren’t planning on selling any time soon, and we can afford what we bought without struggle. On the up side, my wife is thrilled, and my step son is pretty happy too. Lots of little things can add up to a good bit of positive.

In the end, I’ve come to realize this isn’t really about making a successful investment, or buying at the bottom. It’s about getting on with my life as best I can under the circumstances.

Being the housing junkie for so long, I can tell you that I still watch the real estate listings every day, and while I’ve seen some other houses that are probably comparable to what we bought, nothing that knocks me over and says “oh wow! should have waited.” Yeah, there have been nicer places, but they’ve been more money than we wanted to spend. Yeah, there have been cheaper places, but honestly not nicer than what we bought. I suspect you too will watch the housing market, but whatever happens don’t let it get to you.

As to what will happen from here on out? I’m of the opinion that between the fed printing money and the banks playing games, the housing market doesn’t collapse much more. I could easily see five to ten years of gradual dwindling of prices, but just how long is it worth it to wait if prices are only dropping a couple percent a year? And what if we start to get inflation?

And bottom line to all this? You got a happy hubby, and a place to live. Go cherish that. Besides, even if the housing market tanks, I bet you don’t lose nearly as much as most of Bernie Madoff’s investors did. So, look on the bright side. (cue monty python stage left)

XboxBoy

[XBoxBoy]

JP,

Sorry to be so late to this post. It’s been a busy couple of days. I can certainly relate to your situation and your feelings. My wife and I bought a little over a year ago, mainly because I really couldn’t keep saying “just wait”. We’d had so many knockdown drag out fights about home ownership over the last 4-5 years that I just didn’t think we’d survive many more of them.

So has it been worth it? I’d have to say yes. Sure the value of our place has probably gone down some (maybe even 10%, who knows) but we aren’t planning on selling any time soon, and we can afford what we bought without struggle. On the up side, my wife is thrilled, and my step son is pretty happy too. Lots of little things can add up to a good bit of positive.

In the end, I’ve come to realize this isn’t really about making a successful investment, or buying at the bottom. It’s about getting on with my life as best I can under the circumstances.

Being the housing junkie for so long, I can tell you that I still watch the real estate listings every day, and while I’ve seen some other houses that are probably comparable to what we bought, nothing that knocks me over and says “oh wow! should have waited.” Yeah, there have been nicer places, but they’ve been more money than we wanted to spend. Yeah, there have been cheaper places, but honestly not nicer than what we bought. I suspect you too will watch the housing market, but whatever happens don’t let it get to you.

As to what will happen from here on out? I’m of the opinion that between the fed printing money and the banks playing games, the housing market doesn’t collapse much more. I could easily see five to ten years of gradual dwindling of prices, but just how long is it worth it to wait if prices are only dropping a couple percent a year? And what if we start to get inflation?

And bottom line to all this? You got a happy hubby, and a place to live. Go cherish that. Besides, even if the housing market tanks, I bet you don’t lose nearly as much as most of Bernie Madoff’s investors did. So, look on the bright side. (cue monty python stage left)

XboxBoy

[Author]

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