[citydweller]

I think someone else mentioned this earlier, but a great way to save on your grocery bill is to join the Be Wise Ranch cooperative. It’s a great way to get really fresh, organic vegetables at a good price. I get the $20 box every other week and it supplies 95% of my vegetable usage.

[citydweller]

I think someone else mentioned this earlier, but a great way to save on your grocery bill is to join the Be Wise Ranch cooperative. It’s a great way to get really fresh, organic vegetables at a good price. I get the $20 box every other week and it supplies 95% of my vegetable usage.

[citydweller]

I do have a Ralphs Club card, and every 6 months or so I get $10 off a bottle of wine.

Thanks for working out the math for me, I’m glad to see that at least I didn’t come out negative.

And as the other poster pointed out, the liquidity is a plus. If I needed 10K today I doubt I could get it at 6.5% fixed.

Does anyone see CD savings rates going above 7% in the next 10 years?

[citydweller]

I do have a Ralphs Club card, and every 6 months or so I get $10 off a bottle of wine.

Thanks for working out the math for me, I’m glad to see that at least I didn’t come out negative.

And as the other poster pointed out, the liquidity is a plus. If I needed 10K today I doubt I could get it at 6.5% fixed.

Does anyone see CD savings rates going above 7% in the next 10 years?

[citydweller]

sdceller,
Yes, I have worked the system this way. I HELOC’d 10K (locked the rate at 6.5%) and put the money in a 12 month CD at 5.1%. I’m probably not coming out ahead interest wise, but for me it is the only way I can save money. I’m really good about making monthly payments, but I’m not good at saving. Also, at the time I had hoped that CD rates would keep going up, but they seem to have stalled around 5%.

[citydweller]

sdceller,
Yes, I have worked the system this way. I HELOC’d 10K (locked the rate at 6.5%) and put the money in a 12 month CD at 5.1%. I’m probably not coming out ahead interest wise, but for me it is the only way I can save money. I’m really good about making monthly payments, but I’m not good at saving. Also, at the time I had hoped that CD rates would keep going up, but they seem to have stalled around 5%.

[citydweller]

FSD,
Yes I know my timing was way off. What I meant was that ever since 2001 I’ve been saying “It’s going to pop any day now”. So finally I’m “right” about that. 🙂

I actually bought a condo in mid-2001, “knowing” that I was buying at the “top”, but I didn’t care because I could afford it and my payment was close to what rent would have been.

[citydweller]

I have to admit that I too feel a certain “glee” at watching the bubble burst, mostly because I’ve been calling it since 2001 and I hate to be wrong.

Has anyone researched this kensington transaction? Who was the realtor? This almost sounds like someone with that “Jannae(sp?) Magic”. Straw buyer or large cash back perhaps?

Yes, I may be grasping at straws (no pun intended), but I hate to think the market is rebounding already.

[citydweller]

Does anyone know if it’s ok to attend the auction without registering? I just want to go and watch.

[citydweller]

I hope this isn’t a stupid question, but why don’t they just stop before framing, and wait for a buyer, so that all the options are still available. It seems like they are just lowering their chances of getting it sold by “guessing” what the buyer will want.

[citydweller]

Did this unit on Van Dyke ever sell? What was the sales price?

[citydweller]

VC,
You forgot to add the $350 per month in property taxes that you have to pay as an owner on $350K purchase.

[citydweller]

Adding to Masayako’s analogy, imagine that you could rent that 2007 Camry for $300 per month.

[citydweller]

I know of at least one “well off” person who lives in a “nice” area who borrowed against the equity in their home to buy investment property, thinking that the new property would double in value in a few years, just like their first house did. They didn’t mind that the rent they were receiving from the investment property wasn’t anywhere near enough to cover the cost, that would all be recouped when it was sold.

I’m sure there are other well off people who did this, and have been carrying these negative cash flow properties for some time. Who knows how long they carry it before walking away, and how this financial drain will impact the security of their “nice” home.

[citydweller]

What a silly article. None of it makes sense when you can rent for 1/2 of what it would cost to buy. Why not put the extra savings into the bank so you’ll have a decent down payment when housing prices get back to realistic numbers.

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