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ParticipantAlso, a falling dollar will be good news for US exporters, so I’m not sure there’s a lot of correlation or causation between the weakening dollar and any (possible) slowdown in the market.
ParticipantAlso, a falling dollar will be good news for US exporters, so I’m not sure there’s a lot of correlation or causation between the weakening dollar and any (possible) slowdown in the market.
ParticipantSomething else to consider, do you think someone that has spent a few years pinching pennies to save up a nice cash bundle will just toss it away on an obviously overpriced asset?
Exactly, kewp! The kind of folks that can scrimp and save a 100K bundle are the kind of folks that loooooove to see the interest compound — even in conservative 5% CDs, that’s a pile of dough. If you buy a house and use that as a down payment, you say goodbye to that free money — that’s fine when prices are going up (or expected to), but in the opposite environment, those thrifty savers are going to think carefully before parting with their nest egg…
Someone earlier mentioned raiding the 401K for a down payment — waaaay bad idea if home prices aren’t going up because you end up missing out on the tax-deferred appreciation of those assets. It *might* be okay in an environment where home prices are rapidly appreciating (if you have an exit strategy), but I don’t see it making sense otherwise.
This is not financial advice.
ParticipantSomething else to consider, do you think someone that has spent a few years pinching pennies to save up a nice cash bundle will just toss it away on an obviously overpriced asset?
Exactly, kewp! The kind of folks that can scrimp and save a 100K bundle are the kind of folks that loooooove to see the interest compound — even in conservative 5% CDs, that’s a pile of dough. If you buy a house and use that as a down payment, you say goodbye to that free money — that’s fine when prices are going up (or expected to), but in the opposite environment, those thrifty savers are going to think carefully before parting with their nest egg…
Someone earlier mentioned raiding the 401K for a down payment — waaaay bad idea if home prices aren’t going up because you end up missing out on the tax-deferred appreciation of those assets. It *might* be okay in an environment where home prices are rapidly appreciating (if you have an exit strategy), but I don’t see it making sense otherwise.
This is not financial advice.
ParticipantI think supporting him will encourage others to be more like him. He probably has quite an uphill battle, but saying the media will pick the president is probably not as dutious as spreading the word.
People are spreading the word, but the media is actively working to suppress his candidacy. They even cheerfully admit so! (just scroll to the bottom of the page). The online polls after the first two debates showed overwhelming support for this man, the MSNBC inboxes are jammed with messages from his supporters, but the media treats him like he’s radioactive. You’ll only see Dr. Paul on “The Daily Show”, “Real Time”, and on blogs like this one. If he does get any traction, they’ll “Dean Scream” or “Swift Boat” him. It’s unfortunate, but we live in a corporate banana republic with phony elections — there’s nothing any of us can do about it except go along for the ride. Get out there and vote all you can but don’t be upset when the Good Old Boy gets elected. It’s just the way this place works.
ParticipantI think supporting him will encourage others to be more like him. He probably has quite an uphill battle, but saying the media will pick the president is probably not as dutious as spreading the word.
People are spreading the word, but the media is actively working to suppress his candidacy. They even cheerfully admit so! (just scroll to the bottom of the page). The online polls after the first two debates showed overwhelming support for this man, the MSNBC inboxes are jammed with messages from his supporters, but the media treats him like he’s radioactive. You’ll only see Dr. Paul on “The Daily Show”, “Real Time”, and on blogs like this one. If he does get any traction, they’ll “Dean Scream” or “Swift Boat” him. It’s unfortunate, but we live in a corporate banana republic with phony elections — there’s nothing any of us can do about it except go along for the ride. Get out there and vote all you can but don’t be upset when the Good Old Boy gets elected. It’s just the way this place works.
ParticipantRon Paul is too smart to be elected in a country of Homers. Too bad, it’s our loss.
Exactly, Ash. The media will frame the upcoming election for all of us dum-dums so that we can make a decision without having to read anything or pay attention. For example, the story in 2000 was “Mister Smarty-Pants vs. The Good Old Boy”. Of course the Good Old Boy won that one. In 2004 the story was “The Flip Flopper vs. The Good Old Boy”. Again, the Good Old Boy prevailed. Fred Thompson or Mitt Romney will probably play the role of the Good Old Boy in 2008. The only question left is who will play the Flip-Flopper or Mister Smarty Pants. They might surprise us and give us “The Woman” or “The Guy With The Funny Name”, but it really won’t matter, because the Good Old Boy will probably carry it again — People love a Good Old Boy. Nobody likes Mister Smarty Pants.
ParticipantRon Paul is too smart to be elected in a country of Homers. Too bad, it’s our loss.
Exactly, Ash. The media will frame the upcoming election for all of us dum-dums so that we can make a decision without having to read anything or pay attention. For example, the story in 2000 was “Mister Smarty-Pants vs. The Good Old Boy”. Of course the Good Old Boy won that one. In 2004 the story was “The Flip Flopper vs. The Good Old Boy”. Again, the Good Old Boy prevailed. Fred Thompson or Mitt Romney will probably play the role of the Good Old Boy in 2008. The only question left is who will play the Flip-Flopper or Mister Smarty Pants. They might surprise us and give us “The Woman” or “The Guy With The Funny Name”, but it really won’t matter, because the Good Old Boy will probably carry it again — People love a Good Old Boy. Nobody likes Mister Smarty Pants.
ParticipantEven at $100k a year, your monthly income after tax and maxing out 401k should be around $4k-4500. If you live in an apartment for $1k/month
How many people making $100K/year are living in a $1K/month apartment?
ParticipantEven at $100k a year, your monthly income after tax and maxing out 401k should be around $4k-4500. If you live in an apartment for $1k/month
How many people making $100K/year are living in a $1K/month apartment?
ParticipantSpeaking of where all the young folks’ money is going, did anyone catch this LA times article about that new Ivy hotel downtown? Whoever put up the money for this thing really doubled down — I stopped in for a drink about a week ago and it is top-notch everything on the inside. On Saturday there was a line around the block to get into the place. I can’t believe people are willing to spend $400 a night to stay in downtown SD with the crackheads and bums, but to each his own I guess…
ParticipantSpeaking of where all the young folks’ money is going, did anyone catch this LA times article about that new Ivy hotel downtown? Whoever put up the money for this thing really doubled down — I stopped in for a drink about a week ago and it is top-notch everything on the inside. On Saturday there was a line around the block to get into the place. I can’t believe people are willing to spend $400 a night to stay in downtown SD with the crackheads and bums, but to each his own I guess…
ParticipantOn this website? Probably everyone has at least this much. In the general population, a lot less. Maybe 10%? Just a guess, I have nothing to substantiate this.
ParticipantOn this website? Probably everyone has at least this much. In the general population, a lot less. Maybe 10%? Just a guess, I have nothing to substantiate this.
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