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ibjames.
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January 30, 2008 at 2:06 PM #145700January 30, 2008 at 2:11 PM #145363
Raybyrnes
ParticipantJWM
Hindsight is always 20/20. Have all of your stocks gone up. Have all of your employment opportunities worked out exactly the way you thought. Hopefully they ahve. My experience tell me that it is challenging to predict. My experiencees all tell me that if I have an indefitite timeline than long term purchases have a way of paying off. Therefore we can only do our best to work withing the 2 constraints we have. The amount that we can afford, and the time we can afford it.
January 30, 2008 at 2:11 PM #145606Raybyrnes
ParticipantJWM
Hindsight is always 20/20. Have all of your stocks gone up. Have all of your employment opportunities worked out exactly the way you thought. Hopefully they ahve. My experience tell me that it is challenging to predict. My experiencees all tell me that if I have an indefitite timeline than long term purchases have a way of paying off. Therefore we can only do our best to work withing the 2 constraints we have. The amount that we can afford, and the time we can afford it.
January 30, 2008 at 2:11 PM #145633Raybyrnes
ParticipantJWM
Hindsight is always 20/20. Have all of your stocks gone up. Have all of your employment opportunities worked out exactly the way you thought. Hopefully they ahve. My experience tell me that it is challenging to predict. My experiencees all tell me that if I have an indefitite timeline than long term purchases have a way of paying off. Therefore we can only do our best to work withing the 2 constraints we have. The amount that we can afford, and the time we can afford it.
January 30, 2008 at 2:11 PM #145645Raybyrnes
ParticipantJWM
Hindsight is always 20/20. Have all of your stocks gone up. Have all of your employment opportunities worked out exactly the way you thought. Hopefully they ahve. My experience tell me that it is challenging to predict. My experiencees all tell me that if I have an indefitite timeline than long term purchases have a way of paying off. Therefore we can only do our best to work withing the 2 constraints we have. The amount that we can afford, and the time we can afford it.
January 30, 2008 at 2:11 PM #145704Raybyrnes
ParticipantJWM
Hindsight is always 20/20. Have all of your stocks gone up. Have all of your employment opportunities worked out exactly the way you thought. Hopefully they ahve. My experience tell me that it is challenging to predict. My experiencees all tell me that if I have an indefitite timeline than long term purchases have a way of paying off. Therefore we can only do our best to work withing the 2 constraints we have. The amount that we can afford, and the time we can afford it.
January 30, 2008 at 3:20 PM #145413Bugs
ParticipantI agree that a lot of people don’t have the discipline to mind their money and that owning a home forces people to spend that portion of their income that way.
But by the same token you have to acknowledge that buying stupidly reduces your options. There are a lot of people who are now learning that it ain’t what you bought that counts, but what you can keep.
Leverage can be a bitch, just ask the people who put down $20k but now owe $120k – they’re so far under they have to ask their “partners” to be the adult and make up for their stupidity and greed. You might aplaud such juvenile behavior, but I consider them to be total and abject losers. For them, renting really is the wiser choice. And right about now, there are a lot of these people in the pipeline.
January 30, 2008 at 3:20 PM #145656Bugs
ParticipantI agree that a lot of people don’t have the discipline to mind their money and that owning a home forces people to spend that portion of their income that way.
But by the same token you have to acknowledge that buying stupidly reduces your options. There are a lot of people who are now learning that it ain’t what you bought that counts, but what you can keep.
Leverage can be a bitch, just ask the people who put down $20k but now owe $120k – they’re so far under they have to ask their “partners” to be the adult and make up for their stupidity and greed. You might aplaud such juvenile behavior, but I consider them to be total and abject losers. For them, renting really is the wiser choice. And right about now, there are a lot of these people in the pipeline.
January 30, 2008 at 3:20 PM #145683Bugs
ParticipantI agree that a lot of people don’t have the discipline to mind their money and that owning a home forces people to spend that portion of their income that way.
But by the same token you have to acknowledge that buying stupidly reduces your options. There are a lot of people who are now learning that it ain’t what you bought that counts, but what you can keep.
Leverage can be a bitch, just ask the people who put down $20k but now owe $120k – they’re so far under they have to ask their “partners” to be the adult and make up for their stupidity and greed. You might aplaud such juvenile behavior, but I consider them to be total and abject losers. For them, renting really is the wiser choice. And right about now, there are a lot of these people in the pipeline.
January 30, 2008 at 3:20 PM #145695Bugs
ParticipantI agree that a lot of people don’t have the discipline to mind their money and that owning a home forces people to spend that portion of their income that way.
But by the same token you have to acknowledge that buying stupidly reduces your options. There are a lot of people who are now learning that it ain’t what you bought that counts, but what you can keep.
Leverage can be a bitch, just ask the people who put down $20k but now owe $120k – they’re so far under they have to ask their “partners” to be the adult and make up for their stupidity and greed. You might aplaud such juvenile behavior, but I consider them to be total and abject losers. For them, renting really is the wiser choice. And right about now, there are a lot of these people in the pipeline.
January 30, 2008 at 3:20 PM #145756Bugs
ParticipantI agree that a lot of people don’t have the discipline to mind their money and that owning a home forces people to spend that portion of their income that way.
But by the same token you have to acknowledge that buying stupidly reduces your options. There are a lot of people who are now learning that it ain’t what you bought that counts, but what you can keep.
Leverage can be a bitch, just ask the people who put down $20k but now owe $120k – they’re so far under they have to ask their “partners” to be the adult and make up for their stupidity and greed. You might aplaud such juvenile behavior, but I consider them to be total and abject losers. For them, renting really is the wiser choice. And right about now, there are a lot of these people in the pipeline.
January 30, 2008 at 4:20 PM #145438NotCranky
ParticipantRust,
Which side of the bed did you wake up on this morning?
What? Did I sound a little cranky? ;).
As far as the topic of buying or not goes, it seems healthy to me that one not hunker down too much, but not get reckless either. People are going to be buying stuff that they don’t really live to regret or even prosper from, long before some absolute bottom.I personally like the idea of not wasting time. If the world goes to hell in a hand basket such that some of the best deals from here until the bottom that are conservatively purchased are laid to waste, all except those with the deepest pockets and best income streams are going to be hosed anyway. So if you get a really good deal, conservatively purchased, it is a pretty good gamble. I don’t see that happening so much where most piggs want to buy yet.
January 30, 2008 at 4:20 PM #145681NotCranky
ParticipantRust,
Which side of the bed did you wake up on this morning?
What? Did I sound a little cranky? ;).
As far as the topic of buying or not goes, it seems healthy to me that one not hunker down too much, but not get reckless either. People are going to be buying stuff that they don’t really live to regret or even prosper from, long before some absolute bottom.I personally like the idea of not wasting time. If the world goes to hell in a hand basket such that some of the best deals from here until the bottom that are conservatively purchased are laid to waste, all except those with the deepest pockets and best income streams are going to be hosed anyway. So if you get a really good deal, conservatively purchased, it is a pretty good gamble. I don’t see that happening so much where most piggs want to buy yet.
January 30, 2008 at 4:20 PM #145711NotCranky
ParticipantRust,
Which side of the bed did you wake up on this morning?
What? Did I sound a little cranky? ;).
As far as the topic of buying or not goes, it seems healthy to me that one not hunker down too much, but not get reckless either. People are going to be buying stuff that they don’t really live to regret or even prosper from, long before some absolute bottom.I personally like the idea of not wasting time. If the world goes to hell in a hand basket such that some of the best deals from here until the bottom that are conservatively purchased are laid to waste, all except those with the deepest pockets and best income streams are going to be hosed anyway. So if you get a really good deal, conservatively purchased, it is a pretty good gamble. I don’t see that happening so much where most piggs want to buy yet.
January 30, 2008 at 4:20 PM #145718NotCranky
ParticipantRust,
Which side of the bed did you wake up on this morning?
What? Did I sound a little cranky? ;).
As far as the topic of buying or not goes, it seems healthy to me that one not hunker down too much, but not get reckless either. People are going to be buying stuff that they don’t really live to regret or even prosper from, long before some absolute bottom.I personally like the idea of not wasting time. If the world goes to hell in a hand basket such that some of the best deals from here until the bottom that are conservatively purchased are laid to waste, all except those with the deepest pockets and best income streams are going to be hosed anyway. So if you get a really good deal, conservatively purchased, it is a pretty good gamble. I don’t see that happening so much where most piggs want to buy yet.
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