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an
ParticipantBase on that graph alone, I would have to the the largest drops will be between now and spring of 2009. What do you guys think?
ParticipantAn, I hope that my contributions were not vexatious for you.You are correct I didn’t understand everything you were trying to get at. I am glad you understand the importance of timing.
I agree that, like everything else, timing will make or break this concept. With the interest rate for both short and long term well below historical mean, I’m just betting that it will return back to at least historical mean. So, you might not break even right away, but you might be able to in the future and through the span of 30 years, hopefully you’ll have the advantage. I’m using the same logic as what many people on here use in expectation that the RE price will fall back to historical mean.ParticipantAn, I hope that my contributions were not vexatious for you.You are correct I didn’t understand everything you were trying to get at. I am glad you understand the importance of timing.
I agree that, like everything else, timing will make or break this concept. With the interest rate for both short and long term well below historical mean, I’m just betting that it will return back to at least historical mean. So, you might not break even right away, but you might be able to in the future and through the span of 30 years, hopefully you’ll have the advantage. I’m using the same logic as what many people on here use in expectation that the RE price will fall back to historical mean.ParticipantThank you guys for proving to me that my idea doesn’t work with today numbers. I guess if one would have done it 2 years ago, one would be sitting pretty right now. Considering 30 year fixed back then was around low 5% and savings rate now is low to mid 5%. But obviously, past return is no guarantee for future earning, so we’ll just have to wait another 2 years to see if it would have worked or not.
ParticipantThank you guys for proving to me that my idea doesn’t work with today numbers. I guess if one would have done it 2 years ago, one would be sitting pretty right now. Considering 30 year fixed back then was around low 5% and savings rate now is low to mid 5%. But obviously, past return is no guarantee for future earning, so we’ll just have to wait another 2 years to see if it would have worked or not.
Participanthaha, after you.
Participanthaha, after you.
ParticipantHey, I get it. If I could have my house paid for *and* have close to a half-mil in the bank I’d be stoked. If you step back and think about it for a minute, that’s the kind of flexibility you’re arguing for. We both hate the idea of having that much money locked up to it either way.
Thank you, that’s exactly what I was trying to say all along. I was trying to find ways to have my house paid for and have 400k in the bank. That’s similar to having your rental mortgage paid for by your tenant. It might not work out the first few years but MAYBE, with inflation, it will in the later years since your mortgage payment is fixed.
ParticipantHey, I get it. If I could have my house paid for *and* have close to a half-mil in the bank I’d be stoked. If you step back and think about it for a minute, that’s the kind of flexibility you’re arguing for. We both hate the idea of having that much money locked up to it either way.
Thank you, that’s exactly what I was trying to say all along. I was trying to find ways to have my house paid for and have 400k in the bank. That’s similar to having your rental mortgage paid for by your tenant. It might not work out the first few years but MAYBE, with inflation, it will in the later years since your mortgage payment is fixed.
ParticipantSD R, I think you’re right about them being aliens. I read awhile back where there’s quite a bit of aliens living in that canyon stretch as far west as Carmel Valley.
ParticipantSD R, I think you’re right about them being aliens. I read awhile back where there’s quite a bit of aliens living in that canyon stretch as far west as Carmel Valley.
ParticipantI never view this as an argument. I was trying to toss up ideas on how to get my money to work harder for me. So any feed back is knowledge for me. Also, conceding means I will stop trying to explain my ideas since it’s not coming across correctly. Why would you think someone has to win or lose on here?
An, Just think about this, Even though the 400k is hypothetically your’s. If the market tanks your money is gone and it’s “other people’s” money that you are trying to make the most of.
Can you explain what you mean by market tanks? RE market or saving market? How is that any different than someone putting 20% down and lost all the down $ and more but you’re not selling and can afford the payment comfortably. I guess I’m trying to understand your argument here.ParticipantI never view this as an argument. I was trying to toss up ideas on how to get my money to work harder for me. So any feed back is knowledge for me. Also, conceding means I will stop trying to explain my ideas since it’s not coming across correctly. Why would you think someone has to win or lose on here?
An, Just think about this, Even though the 400k is hypothetically your’s. If the market tanks your money is gone and it’s “other people’s” money that you are trying to make the most of.
Can you explain what you mean by market tanks? RE market or saving market? How is that any different than someone putting 20% down and lost all the down $ and more but you’re not selling and can afford the payment comfortably. I guess I’m trying to understand your argument here.Participant30 year fixed jumbo rates can be found here. The lowest I see from that link is 6.125%.
And frankly, that’s your choice.
Isn’t the title of the thread Would you have done this?I wasn’t saying investing in those “opportunity” is conservative. I’m saying putting it in saving is conservative. I’m also not referring to internet stocks or Krispy Creme. I’m referring to being an entrepreneur. I guess I’m not getting my point across correctly, so I’ll just concede.
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