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bluehairdave
Participant[quote=flu]You folks have nothing to worry about…Because Internet Bubble 3.0 is forming and people are pretty soon going to start jumping on this stupid bandwagon again, and then when people’s 401k and trading accounts goes up (on paper), everyone will feel richer and spend more money (which they don’t have)……..
Because just remember…Some folks that bought into the LinkedIn IPO are now seeing $92/share and hoping to retire form it….Because remember how Internet Economics work. It only matters how much revenue the company is generating, and not so much how much the company is bleeding red……
(end sarcasm…sort of…)[/quote]anyone who is investing in those for more than a few weeks is crazy. They aren’t even worth anywhere near a fraction of the stock prices. I run a successful internet firm and we all laugh at it. You see them rushing out because even these companies cant believe what people think they are worth.
Participant[quote=deadzone][quote=AN][quote=SD Realtor]For the most part they will also enjoy a quality of life that FOR THEM is superior to those who rent.[/quote]
I can attest to this statement. My quality of life is SO MUCH better now than when I was renting. There’s something to be said about knowing your mortgage payment for 30 years. Even if I don’t have another raise for 30 years and my house does not increase in value for 30 years, I know I can afford the monthly payment easily while still be able to save for retirement/college/travel/etc. Also, in 30 years, I know I can retire and have very little expense for shelter.[/quote]True, but on the flip side you are pretty much a slave to the mortgage now. You will most likely be below water for many years to come so you will have little opportunity to upgrade. Basically you are stuck in your house. Furthermore, it really depends on your mortgage payment. How much is it compared to rent for the same place?
Bottom line, if mortgage payments are not significantly more than comparable rent and your are happy with your house for the long run (I mean next 30 years) then you made the right move.[/quote]
Not everyone is broke or worried about being upside down. For us its been great owning a home. I bought in 2007 and I could sell my home for what we bought it for but id lose a large amount after realtor fees etc… But I am still buying another home and upgrading. We know plenty of people who are upgrading and that would be the market who are buying now in the area we have been looking.
I will rent my place and loose some money each month but the interest write off will more than make up for that loss until its time to sell.
any after downpayment our mortgage is much less thatn what we would pay to rent a house like the one were looking at.
For us we would rather not have to worry about moving every year or so and eventually a home is always a good investment if you hold onto it long enough and can afford it.
To recoup. Some people are still taking the bull by the horn and thriving even in this economy and are getting married, having kids and buying bigger houses. Life is still going on for many of us.
Irregardless of what the news and naysayers might be reporting.
Participant[quote=deadzone][quote=AN][quote=SD Realtor]For the most part they will also enjoy a quality of life that FOR THEM is superior to those who rent.[/quote]
I can attest to this statement. My quality of life is SO MUCH better now than when I was renting. There’s something to be said about knowing your mortgage payment for 30 years. Even if I don’t have another raise for 30 years and my house does not increase in value for 30 years, I know I can afford the monthly payment easily while still be able to save for retirement/college/travel/etc. Also, in 30 years, I know I can retire and have very little expense for shelter.[/quote]True, but on the flip side you are pretty much a slave to the mortgage now. You will most likely be below water for many years to come so you will have little opportunity to upgrade. Basically you are stuck in your house. Furthermore, it really depends on your mortgage payment. How much is it compared to rent for the same place?
Bottom line, if mortgage payments are not significantly more than comparable rent and your are happy with your house for the long run (I mean next 30 years) then you made the right move.[/quote]
Not everyone is broke or worried about being upside down. For us its been great owning a home. I bought in 2007 and I could sell my home for what we bought it for but id lose a large amount after realtor fees etc… But I am still buying another home and upgrading. We know plenty of people who are upgrading and that would be the market who are buying now in the area we have been looking.
I will rent my place and loose some money each month but the interest write off will more than make up for that loss until its time to sell.
any after downpayment our mortgage is much less thatn what we would pay to rent a house like the one were looking at.
For us we would rather not have to worry about moving every year or so and eventually a home is always a good investment if you hold onto it long enough and can afford it.
To recoup. Some people are still taking the bull by the horn and thriving even in this economy and are getting married, having kids and buying bigger houses. Life is still going on for many of us.
Irregardless of what the news and naysayers might be reporting.
Participant[quote=deadzone][quote=AN][quote=SD Realtor]For the most part they will also enjoy a quality of life that FOR THEM is superior to those who rent.[/quote]
I can attest to this statement. My quality of life is SO MUCH better now than when I was renting. There’s something to be said about knowing your mortgage payment for 30 years. Even if I don’t have another raise for 30 years and my house does not increase in value for 30 years, I know I can afford the monthly payment easily while still be able to save for retirement/college/travel/etc. Also, in 30 years, I know I can retire and have very little expense for shelter.[/quote]True, but on the flip side you are pretty much a slave to the mortgage now. You will most likely be below water for many years to come so you will have little opportunity to upgrade. Basically you are stuck in your house. Furthermore, it really depends on your mortgage payment. How much is it compared to rent for the same place?
Bottom line, if mortgage payments are not significantly more than comparable rent and your are happy with your house for the long run (I mean next 30 years) then you made the right move.[/quote]
Not everyone is broke or worried about being upside down. For us its been great owning a home. I bought in 2007 and I could sell my home for what we bought it for but id lose a large amount after realtor fees etc… But I am still buying another home and upgrading. We know plenty of people who are upgrading and that would be the market who are buying now in the area we have been looking.
I will rent my place and loose some money each month but the interest write off will more than make up for that loss until its time to sell.
any after downpayment our mortgage is much less thatn what we would pay to rent a house like the one were looking at.
For us we would rather not have to worry about moving every year or so and eventually a home is always a good investment if you hold onto it long enough and can afford it.
To recoup. Some people are still taking the bull by the horn and thriving even in this economy and are getting married, having kids and buying bigger houses. Life is still going on for many of us.
Irregardless of what the news and naysayers might be reporting.
Participant[quote=deadzone][quote=AN][quote=SD Realtor]For the most part they will also enjoy a quality of life that FOR THEM is superior to those who rent.[/quote]
I can attest to this statement. My quality of life is SO MUCH better now than when I was renting. There’s something to be said about knowing your mortgage payment for 30 years. Even if I don’t have another raise for 30 years and my house does not increase in value for 30 years, I know I can afford the monthly payment easily while still be able to save for retirement/college/travel/etc. Also, in 30 years, I know I can retire and have very little expense for shelter.[/quote]True, but on the flip side you are pretty much a slave to the mortgage now. You will most likely be below water for many years to come so you will have little opportunity to upgrade. Basically you are stuck in your house. Furthermore, it really depends on your mortgage payment. How much is it compared to rent for the same place?
Bottom line, if mortgage payments are not significantly more than comparable rent and your are happy with your house for the long run (I mean next 30 years) then you made the right move.[/quote]
Not everyone is broke or worried about being upside down. For us its been great owning a home. I bought in 2007 and I could sell my home for what we bought it for but id lose a large amount after realtor fees etc… But I am still buying another home and upgrading. We know plenty of people who are upgrading and that would be the market who are buying now in the area we have been looking.
I will rent my place and loose some money each month but the interest write off will more than make up for that loss until its time to sell.
any after downpayment our mortgage is much less thatn what we would pay to rent a house like the one were looking at.
For us we would rather not have to worry about moving every year or so and eventually a home is always a good investment if you hold onto it long enough and can afford it.
To recoup. Some people are still taking the bull by the horn and thriving even in this economy and are getting married, having kids and buying bigger houses. Life is still going on for many of us.
Irregardless of what the news and naysayers might be reporting.
Participant[quote=deadzone][quote=AN][quote=SD Realtor]For the most part they will also enjoy a quality of life that FOR THEM is superior to those who rent.[/quote]
I can attest to this statement. My quality of life is SO MUCH better now than when I was renting. There’s something to be said about knowing your mortgage payment for 30 years. Even if I don’t have another raise for 30 years and my house does not increase in value for 30 years, I know I can afford the monthly payment easily while still be able to save for retirement/college/travel/etc. Also, in 30 years, I know I can retire and have very little expense for shelter.[/quote]True, but on the flip side you are pretty much a slave to the mortgage now. You will most likely be below water for many years to come so you will have little opportunity to upgrade. Basically you are stuck in your house. Furthermore, it really depends on your mortgage payment. How much is it compared to rent for the same place?
Bottom line, if mortgage payments are not significantly more than comparable rent and your are happy with your house for the long run (I mean next 30 years) then you made the right move.[/quote]
Not everyone is broke or worried about being upside down. For us its been great owning a home. I bought in 2007 and I could sell my home for what we bought it for but id lose a large amount after realtor fees etc… But I am still buying another home and upgrading. We know plenty of people who are upgrading and that would be the market who are buying now in the area we have been looking.
I will rent my place and loose some money each month but the interest write off will more than make up for that loss until its time to sell.
any after downpayment our mortgage is much less thatn what we would pay to rent a house like the one were looking at.
For us we would rather not have to worry about moving every year or so and eventually a home is always a good investment if you hold onto it long enough and can afford it.
To recoup. Some people are still taking the bull by the horn and thriving even in this economy and are getting married, having kids and buying bigger houses. Life is still going on for many of us.
Irregardless of what the news and naysayers might be reporting.
ParticipantThat would be a huge NO NO for me but then again I could hear my wife saying something like. “help yourself to ANYTHING you need in the house. Our home is your home” and then be surprised when someone actually takes the advice and uses some of our stuff….
just saying.. A computer is like someones wallet….but maybe there was a miscommunication.
ParticipantThat would be a huge NO NO for me but then again I could hear my wife saying something like. “help yourself to ANYTHING you need in the house. Our home is your home” and then be surprised when someone actually takes the advice and uses some of our stuff….
just saying.. A computer is like someones wallet….but maybe there was a miscommunication.
ParticipantThat would be a huge NO NO for me but then again I could hear my wife saying something like. “help yourself to ANYTHING you need in the house. Our home is your home” and then be surprised when someone actually takes the advice and uses some of our stuff….
just saying.. A computer is like someones wallet….but maybe there was a miscommunication.
ParticipantThat would be a huge NO NO for me but then again I could hear my wife saying something like. “help yourself to ANYTHING you need in the house. Our home is your home” and then be surprised when someone actually takes the advice and uses some of our stuff….
just saying.. A computer is like someones wallet….but maybe there was a miscommunication.
ParticipantThat would be a huge NO NO for me but then again I could hear my wife saying something like. “help yourself to ANYTHING you need in the house. Our home is your home” and then be surprised when someone actually takes the advice and uses some of our stuff….
just saying.. A computer is like someones wallet….but maybe there was a miscommunication.
Participant[quote=Rich Toscano][quote=kcal09]Savings accounts are not yielding anything and the stock market is too risky for me. I’m sitting on enough cash to buy an investment property outright without going through the hassles of applying for a mortgage.[/quote]
That may be the case right now, but it makes more sense to think about what savings accounts will yield (or whether other options will be too risky) on average over the entire duration of the mortgage, not just right now.[/quote]
I think it is risky to just assume interest rates will rise and savings and bonds will pay much more in the future.
We are already in the middle of what might turn out to be called The Lost Decade for the US. Same principles apply except our precipitous crash wasnt caused by raising interest rates but the bubble itself bursting. I personally am not counting on any large rise in interest rates within the next 5 years OR much growth either for many years.
There are very few things that actually create money in the US anymore. Almost all of the largest money makers and new firms are all service and advertising related. All of the internet companies and financial companies just move money from one place to another and most of that money that is in the system is debt. Just the way it is. No hot economy coming anytime soon. The Govt cant do much more and there isnt much out there to create new money, jobs or earnings besides service. Hasnt been for many years. The last bubbles were all created by Govt. intervention including housing.
Participant[quote=Rich Toscano][quote=kcal09]Savings accounts are not yielding anything and the stock market is too risky for me. I’m sitting on enough cash to buy an investment property outright without going through the hassles of applying for a mortgage.[/quote]
That may be the case right now, but it makes more sense to think about what savings accounts will yield (or whether other options will be too risky) on average over the entire duration of the mortgage, not just right now.[/quote]
I think it is risky to just assume interest rates will rise and savings and bonds will pay much more in the future.
We are already in the middle of what might turn out to be called The Lost Decade for the US. Same principles apply except our precipitous crash wasnt caused by raising interest rates but the bubble itself bursting. I personally am not counting on any large rise in interest rates within the next 5 years OR much growth either for many years.
There are very few things that actually create money in the US anymore. Almost all of the largest money makers and new firms are all service and advertising related. All of the internet companies and financial companies just move money from one place to another and most of that money that is in the system is debt. Just the way it is. No hot economy coming anytime soon. The Govt cant do much more and there isnt much out there to create new money, jobs or earnings besides service. Hasnt been for many years. The last bubbles were all created by Govt. intervention including housing.
Participant[quote=Rich Toscano][quote=kcal09]Savings accounts are not yielding anything and the stock market is too risky for me. I’m sitting on enough cash to buy an investment property outright without going through the hassles of applying for a mortgage.[/quote]
That may be the case right now, but it makes more sense to think about what savings accounts will yield (or whether other options will be too risky) on average over the entire duration of the mortgage, not just right now.[/quote]
I think it is risky to just assume interest rates will rise and savings and bonds will pay much more in the future.
We are already in the middle of what might turn out to be called The Lost Decade for the US. Same principles apply except our precipitous crash wasnt caused by raising interest rates but the bubble itself bursting. I personally am not counting on any large rise in interest rates within the next 5 years OR much growth either for many years.
There are very few things that actually create money in the US anymore. Almost all of the largest money makers and new firms are all service and advertising related. All of the internet companies and financial companies just move money from one place to another and most of that money that is in the system is debt. Just the way it is. No hot economy coming anytime soon. The Govt cant do much more and there isnt much out there to create new money, jobs or earnings besides service. Hasnt been for many years. The last bubbles were all created by Govt. intervention including housing.
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