[CA renter]

FLU’s theory about money being taboo is interesting. Never thought about it that way, but think he’s on to something.

The best thing my parents did was not cave in to my wants. We were expected to work and had no problem doing so.

My parents had me pay rent (about $150/mo in the 80s) from the time I was 15, and I worked my way through college.

Friends who were given cars for their 16th b-days (yes, MBs, BMWs and fancy trucks) crashed every single one of them — over and over again.

Parents need to teach their children about money from early on, as schools will never do as well nor get as detailed as parents can. You can use real-life examples and show kids what your budget is and how money can be saved vs. spent. Also, it’s good to teach them which side of credit/debt they want to be on (want to lose money or make it?).

[CA renter]

Excellent post, Capeman!

There is always a “fundamental” argument whenever we see bubbles; otherwise, it would be too difficult to convince everyone to pile in.

Obviously, we should be looking at alternative energy sources and reducing our consumption…but that’s just common sense.

I vote for a commodities bubble as it relates to the dollar decline. It may well continue if nothing is done to save the dollar, but what would happen if we get a Volcker in there (we can hope!)?

[CA renter]

Excellent post, Capeman!

There is always a “fundamental” argument whenever we see bubbles; otherwise, it would be too difficult to convince everyone to pile in.

Obviously, we should be looking at alternative energy sources and reducing our consumption…but that’s just common sense.

I vote for a commodities bubble as it relates to the dollar decline. It may well continue if nothing is done to save the dollar, but what would happen if we get a Volcker in there (we can hope!)?

[CA renter]

Excellent post, Capeman!

There is always a “fundamental” argument whenever we see bubbles; otherwise, it would be too difficult to convince everyone to pile in.

Obviously, we should be looking at alternative energy sources and reducing our consumption…but that’s just common sense.

I vote for a commodities bubble as it relates to the dollar decline. It may well continue if nothing is done to save the dollar, but what would happen if we get a Volcker in there (we can hope!)?

[CA renter]

Excellent post, Capeman!

There is always a “fundamental” argument whenever we see bubbles; otherwise, it would be too difficult to convince everyone to pile in.

Obviously, we should be looking at alternative energy sources and reducing our consumption…but that’s just common sense.

I vote for a commodities bubble as it relates to the dollar decline. It may well continue if nothing is done to save the dollar, but what would happen if we get a Volcker in there (we can hope!)?

[CA renter]

Excellent post, Capeman!

There is always a “fundamental” argument whenever we see bubbles; otherwise, it would be too difficult to convince everyone to pile in.

Obviously, we should be looking at alternative energy sources and reducing our consumption…but that’s just common sense.

I vote for a commodities bubble as it relates to the dollar decline. It may well continue if nothing is done to save the dollar, but what would happen if we get a Volcker in there (we can hope!)?

[CA renter]

Maybe those books in the 80s were right. What would have happened to our economy if the credit markets weren’t unleashed around 1982?

IMHO, we’ve been fighting deflation (result of globalization) with expansionary credit for decades. What we’ve seen since 2001 is the blow-off top.

[CA renter]

Maybe those books in the 80s were right. What would have happened to our economy if the credit markets weren’t unleashed around 1982?

IMHO, we’ve been fighting deflation (result of globalization) with expansionary credit for decades. What we’ve seen since 2001 is the blow-off top.

[CA renter]

Maybe those books in the 80s were right. What would have happened to our economy if the credit markets weren’t unleashed around 1982?

IMHO, we’ve been fighting deflation (result of globalization) with expansionary credit for decades. What we’ve seen since 2001 is the blow-off top.

[CA renter]

Maybe those books in the 80s were right. What would have happened to our economy if the credit markets weren’t unleashed around 1982?

IMHO, we’ve been fighting deflation (result of globalization) with expansionary credit for decades. What we’ve seen since 2001 is the blow-off top.

[CA renter]

Maybe those books in the 80s were right. What would have happened to our economy if the credit markets weren’t unleashed around 1982?

IMHO, we’ve been fighting deflation (result of globalization) with expansionary credit for decades. What we’ve seen since 2001 is the blow-off top.

[CA renter]

We rent a nice 4 bedroom SFH — with a private backyard — in North County, about 10 minutes from the beach. It’s not everything we want, but we make due because rent is significantly cheaper than buying the same house, even with 20-30% down.

Our landlord has spent about $15,000 on repairs & maintenance in the past 4 years (big mold problem before we moved in took up most of that). We’ve spent about $5,000 with the agreement that there will be no rent increases until mid-2009, at the earliest. We got a new shower, and even got to choose the tiles, shower door, grout color, etc. 🙂

We aren’t trying to profit from someone else’s misery, but we certainly won’t enslave ourselves to debt for 30 years just to give someone else a profit on a over-priced house.

I think a lot of posters aren’t bottom-feeders, as much as they are realists. It’s entirely possible we won’t have pensions or SS or healthcare available to us as current and preceding generations do, thus forcing us to save even more. There is no guarantee that housing prices will rise in perpetuity. What if the multi-decade expansionary credit cycle changes direction?

[CA renter]

We rent a nice 4 bedroom SFH — with a private backyard — in North County, about 10 minutes from the beach. It’s not everything we want, but we make due because rent is significantly cheaper than buying the same house, even with 20-30% down.

Our landlord has spent about $15,000 on repairs & maintenance in the past 4 years (big mold problem before we moved in took up most of that). We’ve spent about $5,000 with the agreement that there will be no rent increases until mid-2009, at the earliest. We got a new shower, and even got to choose the tiles, shower door, grout color, etc. 🙂

We aren’t trying to profit from someone else’s misery, but we certainly won’t enslave ourselves to debt for 30 years just to give someone else a profit on a over-priced house.

I think a lot of posters aren’t bottom-feeders, as much as they are realists. It’s entirely possible we won’t have pensions or SS or healthcare available to us as current and preceding generations do, thus forcing us to save even more. There is no guarantee that housing prices will rise in perpetuity. What if the multi-decade expansionary credit cycle changes direction?

[CA renter]

We rent a nice 4 bedroom SFH — with a private backyard — in North County, about 10 minutes from the beach. It’s not everything we want, but we make due because rent is significantly cheaper than buying the same house, even with 20-30% down.

Our landlord has spent about $15,000 on repairs & maintenance in the past 4 years (big mold problem before we moved in took up most of that). We’ve spent about $5,000 with the agreement that there will be no rent increases until mid-2009, at the earliest. We got a new shower, and even got to choose the tiles, shower door, grout color, etc. 🙂

We aren’t trying to profit from someone else’s misery, but we certainly won’t enslave ourselves to debt for 30 years just to give someone else a profit on a over-priced house.

I think a lot of posters aren’t bottom-feeders, as much as they are realists. It’s entirely possible we won’t have pensions or SS or healthcare available to us as current and preceding generations do, thus forcing us to save even more. There is no guarantee that housing prices will rise in perpetuity. What if the multi-decade expansionary credit cycle changes direction?

[CA renter]

We rent a nice 4 bedroom SFH — with a private backyard — in North County, about 10 minutes from the beach. It’s not everything we want, but we make due because rent is significantly cheaper than buying the same house, even with 20-30% down.

Our landlord has spent about $15,000 on repairs & maintenance in the past 4 years (big mold problem before we moved in took up most of that). We’ve spent about $5,000 with the agreement that there will be no rent increases until mid-2009, at the earliest. We got a new shower, and even got to choose the tiles, shower door, grout color, etc. 🙂

We aren’t trying to profit from someone else’s misery, but we certainly won’t enslave ourselves to debt for 30 years just to give someone else a profit on a over-priced house.

I think a lot of posters aren’t bottom-feeders, as much as they are realists. It’s entirely possible we won’t have pensions or SS or healthcare available to us as current and preceding generations do, thus forcing us to save even more. There is no guarantee that housing prices will rise in perpetuity. What if the multi-decade expansionary credit cycle changes direction?

[Author]

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