seeking stability…

[moneymaker]

All good points, I think you can look at it in many different ways. Even an investor wants the price to be low when buying and then from that point start going up. The most important thing is relative value and the best way to compare that is by looking at rents. If you can buy a place and have a fixed payment within 10% of rents then in my opinion it is a no brainer. For complex analysis the delta is what is really important,not where is it now but where is it going. I’m of the opinion that it is in most everyone’s best interest if we have inflation,which really does feel weird.

[scaredyclassic]

so we’re looking at some places, including a cheap place my wife normally wouldnt consider and I drag her there just to have a look –and she kind of actually likes it. it’s not really what she wants, it’s old and kind of beat up, the carpets is gross, the house is pushing 40 years old, but the pool is beautiful, it’s centrally located, and it’s cheap! so, is this a dumb thought — i told her look, let’s make a lower offe, say 20% off, just for the hell of it, the monthly payment would then be about $1,000 less than our rent payment, we’ll get a tax credit back next year, we’ll live there for a few years, and when we find a great place, we’ll rent this out, or maybe possibly if we get lucky sell it for a few bucks. it’s old and beat up, but it sure seems like we’d be able to more than cover the low mortgage payment witha tenant, if rents don’t crash, and the monthly payents so relatively low, it wouldn’t be so devastating to have to cover an eviction. the only downside i suppose is that the place is old, there was clearly some plumbing issue being dealt with, maybe it could get expensive. I don’t know. is this a dumb idea? Will she be mad if we never move? the place is so cheap, though, we could practically just keep it as a home office….i just love love love cheap. it doesn’t quite do as much for her, but dang, just saving $1,000 every month, it would cover a LOT of repairs….

[scaredyclassic]

so we’re looking at some places, including a cheap place my wife normally wouldnt consider and I drag her there just to have a look –and she kind of actually likes it. it’s not really what she wants, it’s old and kind of beat up, the carpets is gross, the house is pushing 40 years old, but the pool is beautiful, it’s centrally located, and it’s cheap! so, is this a dumb thought — i told her look, let’s make a lower offe, say 20% off, just for the hell of it, the monthly payment would then be about $1,000 less than our rent payment, we’ll get a tax credit back next year, we’ll live there for a few years, and when we find a great place, we’ll rent this out, or maybe possibly if we get lucky sell it for a few bucks. it’s old and beat up, but it sure seems like we’d be able to more than cover the low mortgage payment witha tenant, if rents don’t crash, and the monthly payents so relatively low, it wouldn’t be so devastating to have to cover an eviction. the only downside i suppose is that the place is old, there was clearly some plumbing issue being dealt with, maybe it could get expensive. I don’t know. is this a dumb idea? Will she be mad if we never move? the place is so cheap, though, we could practically just keep it as a home office….i just love love love cheap. it doesn’t quite do as much for her, but dang, just saving $1,000 every month, it would cover a LOT of repairs….

[scaredyclassic]

so we’re looking at some places, including a cheap place my wife normally wouldnt consider and I drag her there just to have a look –and she kind of actually likes it. it’s not really what she wants, it’s old and kind of beat up, the carpets is gross, the house is pushing 40 years old, but the pool is beautiful, it’s centrally located, and it’s cheap! so, is this a dumb thought — i told her look, let’s make a lower offe, say 20% off, just for the hell of it, the monthly payment would then be about $1,000 less than our rent payment, we’ll get a tax credit back next year, we’ll live there for a few years, and when we find a great place, we’ll rent this out, or maybe possibly if we get lucky sell it for a few bucks. it’s old and beat up, but it sure seems like we’d be able to more than cover the low mortgage payment witha tenant, if rents don’t crash, and the monthly payents so relatively low, it wouldn’t be so devastating to have to cover an eviction. the only downside i suppose is that the place is old, there was clearly some plumbing issue being dealt with, maybe it could get expensive. I don’t know. is this a dumb idea? Will she be mad if we never move? the place is so cheap, though, we could practically just keep it as a home office….i just love love love cheap. it doesn’t quite do as much for her, but dang, just saving $1,000 every month, it would cover a LOT of repairs….

[scaredyclassic]

so we’re looking at some places, including a cheap place my wife normally wouldnt consider and I drag her there just to have a look –and she kind of actually likes it. it’s not really what she wants, it’s old and kind of beat up, the carpets is gross, the house is pushing 40 years old, but the pool is beautiful, it’s centrally located, and it’s cheap! so, is this a dumb thought — i told her look, let’s make a lower offe, say 20% off, just for the hell of it, the monthly payment would then be about $1,000 less than our rent payment, we’ll get a tax credit back next year, we’ll live there for a few years, and when we find a great place, we’ll rent this out, or maybe possibly if we get lucky sell it for a few bucks. it’s old and beat up, but it sure seems like we’d be able to more than cover the low mortgage payment witha tenant, if rents don’t crash, and the monthly payents so relatively low, it wouldn’t be so devastating to have to cover an eviction. the only downside i suppose is that the place is old, there was clearly some plumbing issue being dealt with, maybe it could get expensive. I don’t know. is this a dumb idea? Will she be mad if we never move? the place is so cheap, though, we could practically just keep it as a home office….i just love love love cheap. it doesn’t quite do as much for her, but dang, just saving $1,000 every month, it would cover a LOT of repairs….

[scaredyclassic]

so we’re looking at some places, including a cheap place my wife normally wouldnt consider and I drag her there just to have a look –and she kind of actually likes it. it’s not really what she wants, it’s old and kind of beat up, the carpets is gross, the house is pushing 40 years old, but the pool is beautiful, it’s centrally located, and it’s cheap! so, is this a dumb thought — i told her look, let’s make a lower offe, say 20% off, just for the hell of it, the monthly payment would then be about $1,000 less than our rent payment, we’ll get a tax credit back next year, we’ll live there for a few years, and when we find a great place, we’ll rent this out, or maybe possibly if we get lucky sell it for a few bucks. it’s old and beat up, but it sure seems like we’d be able to more than cover the low mortgage payment witha tenant, if rents don’t crash, and the monthly payents so relatively low, it wouldn’t be so devastating to have to cover an eviction. the only downside i suppose is that the place is old, there was clearly some plumbing issue being dealt with, maybe it could get expensive. I don’t know. is this a dumb idea? Will she be mad if we never move? the place is so cheap, though, we could practically just keep it as a home office….i just love love love cheap. it doesn’t quite do as much for her, but dang, just saving $1,000 every month, it would cover a LOT of repairs….

[NotCranky]

Great plan, scaredy. Your wife might see the advantages of the cheap place at some point. Life might make it look better than it does now…or you go with your plan to rent it out, or save it for the kids or something. Good hedge, nothing to worry about.Great way to realize some stability by creating a no-can-lose situation that you can fall back on or keep.

[NotCranky]

Great plan, scaredy. Your wife might see the advantages of the cheap place at some point. Life might make it look better than it does now…or you go with your plan to rent it out, or save it for the kids or something. Good hedge, nothing to worry about.Great way to realize some stability by creating a no-can-lose situation that you can fall back on or keep.

[NotCranky]

Great plan, scaredy. Your wife might see the advantages of the cheap place at some point. Life might make it look better than it does now…or you go with your plan to rent it out, or save it for the kids or something. Good hedge, nothing to worry about.Great way to realize some stability by creating a no-can-lose situation that you can fall back on or keep.

[NotCranky]

Great plan, scaredy. Your wife might see the advantages of the cheap place at some point. Life might make it look better than it does now…or you go with your plan to rent it out, or save it for the kids or something. Good hedge, nothing to worry about.Great way to realize some stability by creating a no-can-lose situation that you can fall back on or keep.

[NotCranky]

Great plan, scaredy. Your wife might see the advantages of the cheap place at some point. Life might make it look better than it does now…or you go with your plan to rent it out, or save it for the kids or something. Good hedge, nothing to worry about.Great way to realize some stability by creating a no-can-lose situation that you can fall back on or keep.

[CA renter]

[quote=Russell]Great plan, scaredy. Your wife might see the advantages of the cheap place at some point. Life might make it look better than it does now…or you go with your plan to rent it out, or save it for the kids or something. Good hedge, nothing to worry about.Great way to realize some stability by creating a no-can-lose situation that you can fall back on or keep.[/quote]

Agree with Russell on this. Sounds like a decent idea as long as it’s in a safe area for the family. Cheap is great, but it’s not worth risking your lives. Also, consider whether or not you can live there long-term (like the rest of your lives). If the answer is “yes,” it’s a no-brainer.

If it’s “cheap” just because of the carpets, etc., go for it! (I’m sooooo envious of you guys in Temecula!!!) 🙁

[CA renter]

[quote=Russell]Great plan, scaredy. Your wife might see the advantages of the cheap place at some point. Life might make it look better than it does now…or you go with your plan to rent it out, or save it for the kids or something. Good hedge, nothing to worry about.Great way to realize some stability by creating a no-can-lose situation that you can fall back on or keep.[/quote]

Agree with Russell on this. Sounds like a decent idea as long as it’s in a safe area for the family. Cheap is great, but it’s not worth risking your lives. Also, consider whether or not you can live there long-term (like the rest of your lives). If the answer is “yes,” it’s a no-brainer.

If it’s “cheap” just because of the carpets, etc., go for it! (I’m sooooo envious of you guys in Temecula!!!) 🙁

[CA renter]

[quote=Russell]Great plan, scaredy. Your wife might see the advantages of the cheap place at some point. Life might make it look better than it does now…or you go with your plan to rent it out, or save it for the kids or something. Good hedge, nothing to worry about.Great way to realize some stability by creating a no-can-lose situation that you can fall back on or keep.[/quote]

Agree with Russell on this. Sounds like a decent idea as long as it’s in a safe area for the family. Cheap is great, but it’s not worth risking your lives. Also, consider whether or not you can live there long-term (like the rest of your lives). If the answer is “yes,” it’s a no-brainer.

If it’s “cheap” just because of the carpets, etc., go for it! (I’m sooooo envious of you guys in Temecula!!!) 🙁

[CA renter]

[quote=Russell]Great plan, scaredy. Your wife might see the advantages of the cheap place at some point. Life might make it look better than it does now…or you go with your plan to rent it out, or save it for the kids or something. Good hedge, nothing to worry about.Great way to realize some stability by creating a no-can-lose situation that you can fall back on or keep.[/quote]

Agree with Russell on this. Sounds like a decent idea as long as it’s in a safe area for the family. Cheap is great, but it’s not worth risking your lives. Also, consider whether or not you can live there long-term (like the rest of your lives). If the answer is “yes,” it’s a no-brainer.

If it’s “cheap” just because of the carpets, etc., go for it! (I’m sooooo envious of you guys in Temecula!!!) 🙁

[Author]

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