I really really really want to buy, soon

[Dukehorn]

I’d like to point out that the legal rat race is pretty lucrative but can burn someone out quick.

Wilson Sonsini is paying 5th year associates (so assume 30 years old) $250k, which is a pretty ridiculous number considering 10 years ago a 5th year was making around $120k.

I did the “buy a home thing with a roommate” when I was a living in DC. As a single guy with a good income, I felt the pressure to do the Asian thing and buy a house. I ended up selling it in a year and a half, but I got lucky since the market was red-hot. In this market, you won’t be as lucky especially if certain life decisions come up (like meeting a significant other that wants to live elsewhere).

I don’t know how RO can get off talking about building equity in a declining market especially when living in a equivalent rental unit is around $500-$1000 cheaper a month. Isn’t investing that savings a better equity builder. But hey, I’m just a dumb attorney….

PS As another counter to RO’s push to buy, imagine your savings when you rent AND have a roommate. Trust me when you have a roommate in a house you own, you’re a bit touchier than if its just a normal rental (FYI).

[Mark Holmes]

125 – You really think it’s impossible for the 600K houses to drop below 400K? How much research have you done? Have you seen this chart?[img_assist|nid=5964|title=Case-Schiller 1890 – 2006|desc=|link=node|align=left|width=466|height=373]

[Mark Holmes]

125 – You really think it’s impossible for the 600K houses to drop below 400K? How much research have you done? Have you seen this chart?[img_assist|nid=5964|title=Case-Schiller 1890 – 2006|desc=|link=node|align=left|width=466|height=373]

[Mark Holmes]

125 – You really think it’s impossible for the 600K houses to drop below 400K? How much research have you done? Have you seen this chart?[img_assist|nid=5964|title=Case-Schiller 1890 – 2006|desc=|link=node|align=left|width=466|height=373]

[Mark Holmes]

125 – You really think it’s impossible for the 600K houses to drop below 400K? How much research have you done? Have you seen this chart?[img_assist|nid=5964|title=Case-Schiller 1890 – 2006|desc=|link=node|align=left|width=466|height=373]

[Mark Holmes]

125 – You really think it’s impossible for the 600K houses to drop below 400K? How much research have you done? Have you seen this chart?[img_assist|nid=5964|title=Case-Schiller 1890 – 2006|desc=|link=node|align=left|width=466|height=373]

[Mark Holmes]

I mean, look at the history of booms and busts – can you find a boom that is NOT followed by a corresponding bust of similar magnitude? It continues to amaze me that people would even consider buying now. It’s like leaping onto an out-of-control train headed straight for a section of broken track…

It is simply fascinating that there are buyers now…

[Mark Holmes]

I mean, look at the history of booms and busts – can you find a boom that is NOT followed by a corresponding bust of similar magnitude? It continues to amaze me that people would even consider buying now. It’s like leaping onto an out-of-control train headed straight for a section of broken track…

It is simply fascinating that there are buyers now…

[Mark Holmes]

I mean, look at the history of booms and busts – can you find a boom that is NOT followed by a corresponding bust of similar magnitude? It continues to amaze me that people would even consider buying now. It’s like leaping onto an out-of-control train headed straight for a section of broken track…

It is simply fascinating that there are buyers now…

[Mark Holmes]

I mean, look at the history of booms and busts – can you find a boom that is NOT followed by a corresponding bust of similar magnitude? It continues to amaze me that people would even consider buying now. It’s like leaping onto an out-of-control train headed straight for a section of broken track…

It is simply fascinating that there are buyers now…

[Mark Holmes]

I mean, look at the history of booms and busts – can you find a boom that is NOT followed by a corresponding bust of similar magnitude? It continues to amaze me that people would even consider buying now. It’s like leaping onto an out-of-control train headed straight for a section of broken track…

It is simply fascinating that there are buyers now…

[kev374]

Mark Holmes, there are many people who make major life decisions (such as purchase of a home) without any due diligence. I know someone who paid $5000 over MSRP for a Toyota Corolla because the salesman told her it was a “good deal”, when they are selling all over the place for $200 over invoice. Shopping for stuff by “monthly payment” has become the American way.

Here is proof that there are fiscally ignorant people around:

http://money.cnn.com/2007/12/24/pf/moneymakeover_january.moneymag/index.htm?postversion=2007122411

[kev374]

Mark Holmes, there are many people who make major life decisions (such as purchase of a home) without any due diligence. I know someone who paid $5000 over MSRP for a Toyota Corolla because the salesman told her it was a “good deal”, when they are selling all over the place for $200 over invoice. Shopping for stuff by “monthly payment” has become the American way.

Here is proof that there are fiscally ignorant people around:

http://money.cnn.com/2007/12/24/pf/moneymakeover_january.moneymag/index.htm?postversion=2007122411

[kev374]

Mark Holmes, there are many people who make major life decisions (such as purchase of a home) without any due diligence. I know someone who paid $5000 over MSRP for a Toyota Corolla because the salesman told her it was a “good deal”, when they are selling all over the place for $200 over invoice. Shopping for stuff by “monthly payment” has become the American way.

Here is proof that there are fiscally ignorant people around:

http://money.cnn.com/2007/12/24/pf/moneymakeover_january.moneymag/index.htm?postversion=2007122411

[kev374]

Mark Holmes, there are many people who make major life decisions (such as purchase of a home) without any due diligence. I know someone who paid $5000 over MSRP for a Toyota Corolla because the salesman told her it was a “good deal”, when they are selling all over the place for $200 over invoice. Shopping for stuff by “monthly payment” has become the American way.

Here is proof that there are fiscally ignorant people around:

http://money.cnn.com/2007/12/24/pf/moneymakeover_january.moneymag/index.htm?postversion=2007122411

[Author]

Posts