[carlsbadworker]

I would. But my kids are too young for anyone to believe that they have earned income. They need to at least start potty training first.

[carlsbadworker]

Or you can get a smaller one for $40 after rebate:
http://www.tigerdirect.com/applications/SearchTools/item-details.asp?EdpNo=4969041&CatId=4147

[carlsbadworker]

The last QE should have the most significant effect in re-inflating the housing bubble. Unlike previous QE, people were worried that the FED will take away the stimulus when the inflation rises.
Now FED is saying that it doesn’t care about inflation anymore, as long as the unemployment rate is high…it will keep the QE forever.
And we all know that unemployment has more to do with the quality of education than with liquidity. And with the education costs rising, I doubt it will ever go down to the level that makes FED happy.

[carlsbadworker]

I believe conflicts happen within the family with the sink and stove directly facing each other, but conflicts also happen within the family without the sink and stove directly facing each other. I have never seen a Fengshui book that starts with statistical sampling, which I really believe.

That said, I do pay attention to Fengshui when buying house only because it affects the market value.

[carlsbadworker]

Why 512GB? I felt that is an odd size. I recently bought 240GB SSD from staples and I find that to be plenty enough room for the OS/routine storage. I still need to connect my USB drives in 1-3TB ranges if I need anything beyond that size. I believe I can live with 128GB SSD pretty well too.

Large size SSD will be a financial mistake as its price kept falling. I remember my first flash drive is 128MB (at that time pretty large size) for $100 from Fry’s. I just recently bought a 32GB flash drive for $15 from Amazon. You are going to throw away the “large” ssd drive in a few years…buy what’s enough for your data. There is no permanent replacement concept in the PC business.

That said, if you do process large data, 512GB might be helpful. At work, we run some hadoop job and it will be significantly slowed when you start to use hard drive (large memory size to avoid that would help). I have never tried SSD for Hadoop map/reduce ..but I believe it will help the map stage. But you need large hard-drive volume for Hadoop as well.

[carlsbadworker]

[quote=bearishgurl]
However, I do agree with you and CW about recent buyers’ (who purchased at low prices and with low-interest mtgs) inability to save. I think this stems from the feeling that the property they just bought “needs everything now” and “has to be remodeled ASAP.” In addition, I believe the vast majority of the current crop of homebuying families won’t buy anything used to place inside that home. All furnishings, appliances, electronics and window and floor coverings must be new and unused, preferably in the exact model, color and style that they want. This includes the preference for new and near-new vehicles.[/quote]

It is not an issue about new v.s. near-new. If everyone is like scaredy, then we don’t have this “inability to save” problem. I think it is really that some people are bad at math and they have no fear about the future at all…all results of our education system.

[carlsbadworker]

[quote=matt-waiting]
The reality is that most people don’t follow this sound advice and trade up. My question is do the Piggs think that the move up type market (properties >600K) will soften in the future because of the disincentive for FTB to close out a 3.5% loan and take on a 7% loan (or whatever it is in the future).

I generally don’t like to trade a good investment for a bad one. I would think that other FTB would not want to also.[/quote]

OK. Let me get this straight for you first. A primary residence is a consumption rather than an investment. You move up because your income justifies higher consumption level rather than for “investment” purpose.

[carlsbadworker]

[quote=matt-waiting]Keeping it as a rental may work (or maybe just rent to the baby mamas), but I imagine that on the macro level, most people will need the equity to purchase the larger house.
[/quote]

I agree with your overall logic, but the assumption is wrong. People need equity to purchase the larger house because they cannot save enough down payment. That unable-to-save mentality is wrong.

We have almost the lowest mortgage-payment/income ratio in history right now. And the mortgage is likely even lower than the rent. So you should be able to save for a larger house and be ready to come up with new down payment when you are ready to buy.

You are worried about higher rates due to inflation. Rental property is a good hedge against inflation. It is likely better than housing price itself. So I am afraid that is going to be the best answer that you can get.

Also, I completely agree with sdr earlier. Now is probably the best time for upgrade. So if you can afford it, go buy your dream house now and forget about trading up later.

[carlsbadworker]

Interesting, with $8000 credit and FHA loan, it was pretty much a no-money-down program by the US government in the last few years. It surprises someone that it is more risky??

[carlsbadworker]

It happened Feb 2012.

“Buyers paying with cash accounted for 31.3 percent of May home sales, down from 32.2 percent the month before and up from 29.2 percent a year earlier. Cash purchases peaked at 33.7 percent of all sales this February, and since 2000 the monthly average is about 15 percent.”

http://www.dqnews.com/Articles/2012/News/California/Southern-CA/RRSCA120613.aspx

[carlsbadworker]

[quote=flu]
The Government of the new United Socialist of America.[/quote]

Well, the fact is people with good credits are doing much better relatively already. I don’t think making some kind wealth re-distribution is wrong…because life is a balance between choice and luck.

[img_assist|nid=16362|title=Credit|desc=|link=node|align=left|width=100|height=68]

[carlsbadworker]

I rank BofA ahead of Wells Fargo. WAMU was great while it lasted.

[carlsbadworker]

It depends on your marginal tax rate.

[carlsbadworker]

Geez. You guys are cheap. Just avoid buying expensive house that you cannot afford, avoid sending your kids to private schools that you cannot afford, etc, etc. If you can take out these unnecessary major expenses, you will have plenty of money to buy new clothes for the kids and avoid cribs that are falling apart, which are really unsafe.
You will need 250 grand/year to afford college for your kids? Either you have a financial management issue or you have some serious priority issue.

[carlsbadworker]

Loquat is sold at $2/lb at Farmer’s Market in Temecula.

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