Tales of an RSF Buyer (Part 3)

[davelj]

rich (adjective)
1. having wealth or great possessions; abundantly supplied with resources, means, or funds; wealthy.

The one single thing of which I can be certain about someone who can comfortably afford to make a mortgage payment on a multi-million dollar home – as we must surmise raptor can – is that this person is RICH. Now, admittedly, “rich” is a relative term. Raptor ain’t rich compared to Bill Gates, as he points out. But he’s still rich. If you’re in the top one percent of income earners in the United States – as raptor must be, by definition, in order to afford a multi-million dollar home – then you’re rich. Considering that half the world lives on less than $2 a day, I’d say a pretty good portion of the US citizenry is rich in comparison on a global scale. But even here in the rich US, if you’re earning a few hundred thousand dollars a year, you’re rich. Plain and simple. And nothing to be ashamed of about it either.

Although it does beg a question, raptor. I’ve been assuming all along that you had at least $5 million in liquidity, otherwise you wouldn’t be looking to purchase a home in the $3-$4 million range (I think that’s your range, I can’t recall – correct me if I’m wrong). But your previous post suggests that you don’t have much liquidity, which surprises me. Given that you’re a “working man” and have (by definition) considerable expenses related to your “extended family,” would it not be a better idea to perhaps buy something a bit more “affordable” (I use that term in its most elastic sense), say in the $1.5 million or less range? To each their own, but I would think your life would be a lot less stressful if you didn’t have to worry about making such a huge mortgage payment on a working man’s wage (and I’m assuming that wage is at least north of $300K). But, obviously, you know your situation a few thousand times better than I do. I find it a bit curious, that’s all.

[SD Realtor]

Very cool thread. JustLurking nice stuff.

I think if we took a poll on this post I would be willing to guess that those who are most bearish, who come down the hardest on those considering buying most likely have no kids. Okay maybe older kids….

I think there is a HUGE underestimation about the complexity of family dynamics by those with no kids. It really cannot be imagined unless you have one and then throw in multiple kids and it is like… well like nothing I ever could have imagined. Trying to impress upon someone that every dollar you make, that every move you make is no longer in your best interest but in the best interest of your own children is not really possible. I routinely put in about 12 hours of work each day but it is a BREEZE compared to raising children. NOT EVEN CLOSE to being as challenging as raising a child.

Many times I try to bring up the point that there is more to providing family harmony then buying a home at the very bottom of the market. I will never back down from that statement.

Once more I am not promoting that anyone goes out and buys a home, nor is the market at or near a bottom. Yes you can show me spread sheets of how much money is saved by renting verses buying. Nor do I ever promote buying something you cannot afford. This is not anything I disagree with.

It is just that buying a home is very much generalized here. That is, everyone and anyone who is buying now, is 100% labelled a knife catcher. However, everyone makes a purchase for different reasons, and I think very few of them right now, are because people think it is a bottom. Yet people still lower the boom here. So be it.

There is no chance I will be able to wait until 2011 to buy not because I can’t wait, but because I don’t want to put my wife through that wait. She gives more to my family then anyone does in our family including me. She sure the hell is not whiny or spoiled or anything like that. Making money is easy to do. If I need to simply make more money because I will not buy at the bottom, then so be it.

SD Realtor

[SD Realtor]

Very cool thread. JustLurking nice stuff.

I think if we took a poll on this post I would be willing to guess that those who are most bearish, who come down the hardest on those considering buying most likely have no kids. Okay maybe older kids….

I think there is a HUGE underestimation about the complexity of family dynamics by those with no kids. It really cannot be imagined unless you have one and then throw in multiple kids and it is like… well like nothing I ever could have imagined. Trying to impress upon someone that every dollar you make, that every move you make is no longer in your best interest but in the best interest of your own children is not really possible. I routinely put in about 12 hours of work each day but it is a BREEZE compared to raising children. NOT EVEN CLOSE to being as challenging as raising a child.

Many times I try to bring up the point that there is more to providing family harmony then buying a home at the very bottom of the market. I will never back down from that statement.

Once more I am not promoting that anyone goes out and buys a home, nor is the market at or near a bottom. Yes you can show me spread sheets of how much money is saved by renting verses buying. Nor do I ever promote buying something you cannot afford. This is not anything I disagree with.

It is just that buying a home is very much generalized here. That is, everyone and anyone who is buying now, is 100% labelled a knife catcher. However, everyone makes a purchase for different reasons, and I think very few of them right now, are because people think it is a bottom. Yet people still lower the boom here. So be it.

There is no chance I will be able to wait until 2011 to buy not because I can’t wait, but because I don’t want to put my wife through that wait. She gives more to my family then anyone does in our family including me. She sure the hell is not whiny or spoiled or anything like that. Making money is easy to do. If I need to simply make more money because I will not buy at the bottom, then so be it.

SD Realtor

[SD Realtor]

Very cool thread. JustLurking nice stuff.

I think if we took a poll on this post I would be willing to guess that those who are most bearish, who come down the hardest on those considering buying most likely have no kids. Okay maybe older kids….

I think there is a HUGE underestimation about the complexity of family dynamics by those with no kids. It really cannot be imagined unless you have one and then throw in multiple kids and it is like… well like nothing I ever could have imagined. Trying to impress upon someone that every dollar you make, that every move you make is no longer in your best interest but in the best interest of your own children is not really possible. I routinely put in about 12 hours of work each day but it is a BREEZE compared to raising children. NOT EVEN CLOSE to being as challenging as raising a child.

Many times I try to bring up the point that there is more to providing family harmony then buying a home at the very bottom of the market. I will never back down from that statement.

Once more I am not promoting that anyone goes out and buys a home, nor is the market at or near a bottom. Yes you can show me spread sheets of how much money is saved by renting verses buying. Nor do I ever promote buying something you cannot afford. This is not anything I disagree with.

It is just that buying a home is very much generalized here. That is, everyone and anyone who is buying now, is 100% labelled a knife catcher. However, everyone makes a purchase for different reasons, and I think very few of them right now, are because people think it is a bottom. Yet people still lower the boom here. So be it.

There is no chance I will be able to wait until 2011 to buy not because I can’t wait, but because I don’t want to put my wife through that wait. She gives more to my family then anyone does in our family including me. She sure the hell is not whiny or spoiled or anything like that. Making money is easy to do. If I need to simply make more money because I will not buy at the bottom, then so be it.

SD Realtor

[SD Realtor]

Very cool thread. JustLurking nice stuff.

I think if we took a poll on this post I would be willing to guess that those who are most bearish, who come down the hardest on those considering buying most likely have no kids. Okay maybe older kids….

I think there is a HUGE underestimation about the complexity of family dynamics by those with no kids. It really cannot be imagined unless you have one and then throw in multiple kids and it is like… well like nothing I ever could have imagined. Trying to impress upon someone that every dollar you make, that every move you make is no longer in your best interest but in the best interest of your own children is not really possible. I routinely put in about 12 hours of work each day but it is a BREEZE compared to raising children. NOT EVEN CLOSE to being as challenging as raising a child.

Many times I try to bring up the point that there is more to providing family harmony then buying a home at the very bottom of the market. I will never back down from that statement.

Once more I am not promoting that anyone goes out and buys a home, nor is the market at or near a bottom. Yes you can show me spread sheets of how much money is saved by renting verses buying. Nor do I ever promote buying something you cannot afford. This is not anything I disagree with.

It is just that buying a home is very much generalized here. That is, everyone and anyone who is buying now, is 100% labelled a knife catcher. However, everyone makes a purchase for different reasons, and I think very few of them right now, are because people think it is a bottom. Yet people still lower the boom here. So be it.

There is no chance I will be able to wait until 2011 to buy not because I can’t wait, but because I don’t want to put my wife through that wait. She gives more to my family then anyone does in our family including me. She sure the hell is not whiny or spoiled or anything like that. Making money is easy to do. If I need to simply make more money because I will not buy at the bottom, then so be it.

SD Realtor

[SD Realtor]

Very cool thread. JustLurking nice stuff.

I think if we took a poll on this post I would be willing to guess that those who are most bearish, who come down the hardest on those considering buying most likely have no kids. Okay maybe older kids….

I think there is a HUGE underestimation about the complexity of family dynamics by those with no kids. It really cannot be imagined unless you have one and then throw in multiple kids and it is like… well like nothing I ever could have imagined. Trying to impress upon someone that every dollar you make, that every move you make is no longer in your best interest but in the best interest of your own children is not really possible. I routinely put in about 12 hours of work each day but it is a BREEZE compared to raising children. NOT EVEN CLOSE to being as challenging as raising a child.

Many times I try to bring up the point that there is more to providing family harmony then buying a home at the very bottom of the market. I will never back down from that statement.

Once more I am not promoting that anyone goes out and buys a home, nor is the market at or near a bottom. Yes you can show me spread sheets of how much money is saved by renting verses buying. Nor do I ever promote buying something you cannot afford. This is not anything I disagree with.

It is just that buying a home is very much generalized here. That is, everyone and anyone who is buying now, is 100% labelled a knife catcher. However, everyone makes a purchase for different reasons, and I think very few of them right now, are because people think it is a bottom. Yet people still lower the boom here. So be it.

There is no chance I will be able to wait until 2011 to buy not because I can’t wait, but because I don’t want to put my wife through that wait. She gives more to my family then anyone does in our family including me. She sure the hell is not whiny or spoiled or anything like that. Making money is easy to do. If I need to simply make more money because I will not buy at the bottom, then so be it.

SD Realtor

[TheBreeze]

You’ve looked at 250 houses? And your wife isn’t talking to you? I’m surprised she hasn’t kicked you in the balls. You might want to consider wearing a cup henceforth.

[TheBreeze]

You’ve looked at 250 houses? And your wife isn’t talking to you? I’m surprised she hasn’t kicked you in the balls. You might want to consider wearing a cup henceforth.

[TheBreeze]

You’ve looked at 250 houses? And your wife isn’t talking to you? I’m surprised she hasn’t kicked you in the balls. You might want to consider wearing a cup henceforth.

[TheBreeze]

You’ve looked at 250 houses? And your wife isn’t talking to you? I’m surprised she hasn’t kicked you in the balls. You might want to consider wearing a cup henceforth.

[TheBreeze]

You’ve looked at 250 houses? And your wife isn’t talking to you? I’m surprised she hasn’t kicked you in the balls. You might want to consider wearing a cup henceforth.

[jpinpb]

I don’t have kids of my own, but have a strong desire to buy/nest. I think it is admirable that men are thinking of their wives and family and the importance of having a house and I respect that greatly.

Not to go off on a tangent, but I think just as important is to make time for your loved ones, kids and wife. Probably more important than a house. Go to kids’ football games or whatever activity they into. As was discussed on another thread, I’ve noticed parents place so much importance on a house when most kids care about you throwing a football w/them.

Throughout my years growing up we rented and owned houses. It never made a difference to us kids. More of a difference for my mom. She liked to garden (green thumb)

Still, I love that you guys care about the happiness of your wives/kids/family. I’m sure that if a house matters this much, all the other little things do, too.

[jpinpb]

I don’t have kids of my own, but have a strong desire to buy/nest. I think it is admirable that men are thinking of their wives and family and the importance of having a house and I respect that greatly.

Not to go off on a tangent, but I think just as important is to make time for your loved ones, kids and wife. Probably more important than a house. Go to kids’ football games or whatever activity they into. As was discussed on another thread, I’ve noticed parents place so much importance on a house when most kids care about you throwing a football w/them.

Throughout my years growing up we rented and owned houses. It never made a difference to us kids. More of a difference for my mom. She liked to garden (green thumb)

Still, I love that you guys care about the happiness of your wives/kids/family. I’m sure that if a house matters this much, all the other little things do, too.

[jpinpb]

I don’t have kids of my own, but have a strong desire to buy/nest. I think it is admirable that men are thinking of their wives and family and the importance of having a house and I respect that greatly.

Not to go off on a tangent, but I think just as important is to make time for your loved ones, kids and wife. Probably more important than a house. Go to kids’ football games or whatever activity they into. As was discussed on another thread, I’ve noticed parents place so much importance on a house when most kids care about you throwing a football w/them.

Throughout my years growing up we rented and owned houses. It never made a difference to us kids. More of a difference for my mom. She liked to garden (green thumb)

Still, I love that you guys care about the happiness of your wives/kids/family. I’m sure that if a house matters this much, all the other little things do, too.

[jpinpb]

I don’t have kids of my own, but have a strong desire to buy/nest. I think it is admirable that men are thinking of their wives and family and the importance of having a house and I respect that greatly.

Not to go off on a tangent, but I think just as important is to make time for your loved ones, kids and wife. Probably more important than a house. Go to kids’ football games or whatever activity they into. As was discussed on another thread, I’ve noticed parents place so much importance on a house when most kids care about you throwing a football w/them.

Throughout my years growing up we rented and owned houses. It never made a difference to us kids. More of a difference for my mom. She liked to garden (green thumb)

Still, I love that you guys care about the happiness of your wives/kids/family. I’m sure that if a house matters this much, all the other little things do, too.

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