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ibjames.
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January 30, 2008 at 8:04 AM #145476January 30, 2008 at 8:59 AM #145144
Bugs
ParticipantRaybyrnes,
Everything else being equal, if we’re comparing the 2025 positions of the 2005 Buyers with the 2005 Renters I can tell you which group will have the significant advantage.
The people who bought and held in 1989 didn’t break even until 1998 or so. The people who bought in 1996 are practically bulletproof, not to mention the advantages they enjoyed as a result of their lower expense basis from 1990-1996.
The bottom line here is that if we’re talking strictly about the money then the goal isn’t to congratulate ourselves for breaking even. It’s still true that you mostly make your money when you buy.
Cashman’s situation is a little different only because he pulled the plug too early in relation to his market. Los Angeles County wasn’t (and still isn’t) on the same clock as SD County. He wouldn’t be talking about losing the difference between the rents he’s paid vs. the combination of mortgage payments he would have paid + lost equity had he held on a little longer.
January 30, 2008 at 8:59 AM #145385ParticipantRaybyrnes,
Everything else being equal, if we’re comparing the 2025 positions of the 2005 Buyers with the 2005 Renters I can tell you which group will have the significant advantage.
The people who bought and held in 1989 didn’t break even until 1998 or so. The people who bought in 1996 are practically bulletproof, not to mention the advantages they enjoyed as a result of their lower expense basis from 1990-1996.
The bottom line here is that if we’re talking strictly about the money then the goal isn’t to congratulate ourselves for breaking even. It’s still true that you mostly make your money when you buy.
Cashman’s situation is a little different only because he pulled the plug too early in relation to his market. Los Angeles County wasn’t (and still isn’t) on the same clock as SD County. He wouldn’t be talking about losing the difference between the rents he’s paid vs. the combination of mortgage payments he would have paid + lost equity had he held on a little longer.
January 30, 2008 at 8:59 AM #145412ParticipantRaybyrnes,
Everything else being equal, if we’re comparing the 2025 positions of the 2005 Buyers with the 2005 Renters I can tell you which group will have the significant advantage.
The people who bought and held in 1989 didn’t break even until 1998 or so. The people who bought in 1996 are practically bulletproof, not to mention the advantages they enjoyed as a result of their lower expense basis from 1990-1996.
The bottom line here is that if we’re talking strictly about the money then the goal isn’t to congratulate ourselves for breaking even. It’s still true that you mostly make your money when you buy.
Cashman’s situation is a little different only because he pulled the plug too early in relation to his market. Los Angeles County wasn’t (and still isn’t) on the same clock as SD County. He wouldn’t be talking about losing the difference between the rents he’s paid vs. the combination of mortgage payments he would have paid + lost equity had he held on a little longer.
January 30, 2008 at 8:59 AM #145414ParticipantRaybyrnes,
Everything else being equal, if we’re comparing the 2025 positions of the 2005 Buyers with the 2005 Renters I can tell you which group will have the significant advantage.
The people who bought and held in 1989 didn’t break even until 1998 or so. The people who bought in 1996 are practically bulletproof, not to mention the advantages they enjoyed as a result of their lower expense basis from 1990-1996.
The bottom line here is that if we’re talking strictly about the money then the goal isn’t to congratulate ourselves for breaking even. It’s still true that you mostly make your money when you buy.
Cashman’s situation is a little different only because he pulled the plug too early in relation to his market. Los Angeles County wasn’t (and still isn’t) on the same clock as SD County. He wouldn’t be talking about losing the difference between the rents he’s paid vs. the combination of mortgage payments he would have paid + lost equity had he held on a little longer.
January 30, 2008 at 8:59 AM #145486ParticipantRaybyrnes,
Everything else being equal, if we’re comparing the 2025 positions of the 2005 Buyers with the 2005 Renters I can tell you which group will have the significant advantage.
The people who bought and held in 1989 didn’t break even until 1998 or so. The people who bought in 1996 are practically bulletproof, not to mention the advantages they enjoyed as a result of their lower expense basis from 1990-1996.
The bottom line here is that if we’re talking strictly about the money then the goal isn’t to congratulate ourselves for breaking even. It’s still true that you mostly make your money when you buy.
Cashman’s situation is a little different only because he pulled the plug too early in relation to his market. Los Angeles County wasn’t (and still isn’t) on the same clock as SD County. He wouldn’t be talking about losing the difference between the rents he’s paid vs. the combination of mortgage payments he would have paid + lost equity had he held on a little longer.
January 30, 2008 at 9:25 AM #145148hipmatt
ParticipantAlex, please don’t post here when you aren’t taking your meds.
January 30, 2008 at 9:25 AM #145389ParticipantAlex, please don’t post here when you aren’t taking your meds.
January 30, 2008 at 9:25 AM #145417ParticipantAlex, please don’t post here when you aren’t taking your meds.
January 30, 2008 at 9:25 AM #145420ParticipantAlex, please don’t post here when you aren’t taking your meds.
January 30, 2008 at 9:25 AM #145491ParticipantAlex, please don’t post here when you aren’t taking your meds.
January 30, 2008 at 10:06 AM #145165NotCranky
ParticipantWhy don’t you go pray or something like that hipmatt. Aren’t you the one who gets all fussy when people question the Jesus story?
Let’s suppose for an instant that somebody really needs meds. Wouldn’t they be sick? How would Jesus treat the ill?I think Jesus would realize that it is partly caused by our society and would lead by example. He would say look at me I don’t covet a McMansion at any point in the market cycle and I have no temper or psychosomatic illnesses let’s go show some love!
How would Jesus treat people dumb enough to buy over priced houses that they couldn’t afford for that matter? I think he would expect them to take responsibility, in a detached fashion and console them if they didn’t listen and got burned.I am no christian but at least I know what it is supposed to mean.
“I like your Jesus but I don’t like your Christians”
Ghandi.January 30, 2008 at 10:06 AM #145405ParticipantWhy don’t you go pray or something like that hipmatt. Aren’t you the one who gets all fussy when people question the Jesus story?
Let’s suppose for an instant that somebody really needs meds. Wouldn’t they be sick? How would Jesus treat the ill?I think Jesus would realize that it is partly caused by our society and would lead by example. He would say look at me I don’t covet a McMansion at any point in the market cycle and I have no temper or psychosomatic illnesses let’s go show some love!
How would Jesus treat people dumb enough to buy over priced houses that they couldn’t afford for that matter? I think he would expect them to take responsibility, in a detached fashion and console them if they didn’t listen and got burned.I am no christian but at least I know what it is supposed to mean.
“I like your Jesus but I don’t like your Christians”
Ghandi.January 30, 2008 at 10:06 AM #145432ParticipantWhy don’t you go pray or something like that hipmatt. Aren’t you the one who gets all fussy when people question the Jesus story?
Let’s suppose for an instant that somebody really needs meds. Wouldn’t they be sick? How would Jesus treat the ill?I think Jesus would realize that it is partly caused by our society and would lead by example. He would say look at me I don’t covet a McMansion at any point in the market cycle and I have no temper or psychosomatic illnesses let’s go show some love!
How would Jesus treat people dumb enough to buy over priced houses that they couldn’t afford for that matter? I think he would expect them to take responsibility, in a detached fashion and console them if they didn’t listen and got burned.I am no christian but at least I know what it is supposed to mean.
“I like your Jesus but I don’t like your Christians”
Ghandi.January 30, 2008 at 10:06 AM #145435ParticipantWhy don’t you go pray or something like that hipmatt. Aren’t you the one who gets all fussy when people question the Jesus story?
Let’s suppose for an instant that somebody really needs meds. Wouldn’t they be sick? How would Jesus treat the ill?I think Jesus would realize that it is partly caused by our society and would lead by example. He would say look at me I don’t covet a McMansion at any point in the market cycle and I have no temper or psychosomatic illnesses let’s go show some love!
How would Jesus treat people dumb enough to buy over priced houses that they couldn’t afford for that matter? I think he would expect them to take responsibility, in a detached fashion and console them if they didn’t listen and got burned.I am no christian but at least I know what it is supposed to mean.
“I like your Jesus but I don’t like your Christians”
Ghandi. -
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