Pride of ownership

[scaredyclassic]

[quote=flyer]We all have different dreams in life, and, IMO, if you achieve those–regardless of what anyone else has, does, or is–that’s what really matters–and, as you said, squat, you should be very proud of those achievements.

When you realize everything on earth is temporary, you really see life from a different perspective, and it is very liberating.[/quote]

I’m lacking a dream or vision currently.

I think what would make me feel fulfilled is to finally write a screenplay at night that becomes a movie and a well reviewed hit that symbolizes the feelings of a generation.

[scaredyclassic]

[quote=squat300][quote=flyer]We all have different dreams in life, and, IMO, if you achieve those–regardless of what anyone else has, does, or is–that’s what really matters–and, as you said, squat, you should be very proud of those achievements.

When you realize everything on earth is temporary, you really see life from a different perspective, and it is very liberating.[/quote]

I’m lacking a dream or vision currently.

I think what would make me feel fulfilled is to finally write a screenplay at night that becomes a movie and a well reviewed hit that symbolizes the feelings of a generation.[/quote]

Which dream is basically about feeling clever.

[scaredyclassic]

[quote=Blogstar]I feel proud because you have me to thank for holding your hand through it all.[/quote]

On behalf of my other scaredier self, I thank you.

[scaredyclassic]

I don’t know but I would guess virtually everyone who buys a house hopes its a smart financial move. Therefore to some extent I would say everyone is hoping to feel a bit clever on their transaction, at least to some degree, though they may have other motives as well.

No RE agent tells a client, well this would be a really Shitty financial move but it sure is a nice house.

[no_such_reality]

Clever, no. My purchase was designed to provide a reasonable place to live, with good employment/business prospects in a very short commute and most importantly, create stability and predictability in our housing.

[carlsbadworker]

scaredy, at least you got a nice house. Not everyone does. Most people just got an OK house for what they can afford…especially now there is no inventory.

[UCGal]

I thought “pride in ownership” was referring to the fact that owner occupants are more likely to maintain and care for their home than renters or investor owners. Not that they’re proud of the fact they own the house – but that they want to maintain their investment because a) they live there, b) they are financially tied to it’s resale value.

[quote=squat300]

I’d rather owe 250000 on a place worth 800000 than own a 250000 place outright. I’d be prouder to have the debt. A free and clear deed would not bolster my pride.
[/quote]
Don’t you mean you’d rather owe $250k on a place worth $800k than owning a $550k place outright? (The way you stated it makes it a no brainer that you’d want to be in the higher equity position… $550k vs $250k.)
Sorry – the nerd in me was perturbed by that.

I’m with CAR – I think you’ll live longer than you seem to think – and also that you’ll end up mortgage free. We’re nearing the point of just writing a check for the balance of our mortgage. (Nearing… not quite there). At some point the lump sum payoff is small enough that it makes sense to take a monthly expense off the table. When you get down to $20k… are you really going to keep paying monthly payments, even when you aren’t getting much of a deduction because interest is so low at the tail of the mortgage?

[scaredyclassic]

Well I doubled the equity because the upside is greater in a more expensive leveraged place.

[scaredyclassic]

I’ll make the low monthly payment to the bitter end cause I can beat a 3.375 perc interest rate just going to yard sales buying stuff and selling it on eBay.

[scaredyclassic]

[quote=no_such_reality]Clever, no. My purchase was designed to provide a reasonable place to live, with good employment/business prospects in a very short commute and most importantly, create stability and predictability in our housing.[/quote

That sounds pretty damn clever. ]

[NotCranky]

It could get better even still. I have a banker paying for my house.

[CA renter]

[quote=Blogstar]It could get better even still. I have a banker paying for my house.[/quote]

What do you mean by that?

[CA renter]

[quote=UCGal]

[quote=squat300]

I’d rather owe 250000 on a place worth 800000 than own a 250000 place outright. I’d be prouder to have the debt. A free and clear deed would not bolster my pride.
[/quote]
Don’t you mean you’d rather owe $250k on a place worth $800k than owning a $550k place outright? (The way you stated it makes it a no brainer that you’d want to be in the higher equity position… $550k vs $250k.)
Sorry – the nerd in me was perturbed by that.

[/quote]

Good catch! I totally thought he was talking about $250K equity in both cases, with the one house having a mortgage of $550K, and worried that scaredy was getting all pretentious on us. Should’ve known scaredy was smarter than that. 🙂

[no_such_reality]

[quote=CA renter][quote=Blogstar]It could get better even still. I have a banker paying for my house.[/quote]

What do you mean by that?[/quote]

He means his wife is a banker and he’s a stay at home dad. 🙂

[NotCranky]

[quote=CA renter][quote=Blogstar]It could get better even still. I have a banker paying for my house.[/quote]

What do you mean by that?[/quote]
Just a little joke I probably shouldn’t be making. My rental pays PITI for itself and my primary and the tenant is of named profession. Somehow I find that kind of funny( probably because I am such a loser)….but I mean no offense to the individual.

[Author]

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