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CoronitaParticipantlike flu and others that have amassed sizable retirement portfolios… if they had invested that money in real estate during the late 90's instead of their 401, how would things be different for them today?
Drunkle,
Some of us have :). But you forget also that the ability to "invest" in real estate back in the 90ies wasn't what we have seen these days, at least to my recollection. If my memory serves me, the entire easy qualifying thing was a product of recent times. I doubt (could be wrong) someone working for 2-3 years would have the capability those days to buy two homes, as some of us were already stretching with one. Also if you could, it probably would require considerable risk, which frankly is beyond what I could have tolerated. I guess also 401k was something simple to do…hence part of my laziness shows. I just wish I picked better funds. 7% returns kinda stinks in my books.
You also forget that Real-estate in for the longest time went no-where. What you are seeing in price appreciation is no different from the dot-com boom and bust. Your argument was the same argument that many people just jumping into the stock market during the dot-com boom was saying about the stock market on the way up. If only I had put all my money in the stock market instead of investing in RE in the late 80ies and 90ies, I would have done considerably better. Things are always clear in hindsight.
But, the thing that was good about all my companies that i worked at, no one offered an option to invest in your own company's stock, or worse buy stocks on the free exchange. I think that is a recipe for disaster, as I'm sure Enron and Countrywide employees are finding out.
For the record, I plan on buying investment property when it makes sense. For that I'm sitting on the sideline right now. I own a primary that's most likely going to depreciate moving forward. But for me and my wife, we figure we can afford this, we still are doing ok toward financial independence, and you only live once, so neither of us are really losing sleep if the primary home drops $100k-$200k+. Doesn't make financial sense, but as so many people have pointed out, a lot of decisions don't make any financial sense. And if things fall beyond that in my neck of woods, we would probably buy another place at that point to dollar-cost-average π
CoronitaParticipantlike flu and others that have amassed sizable retirement portfolios… if they had invested that money in real estate during the late 90's instead of their 401, how would things be different for them today?
Drunkle,
Some of us have :). But you forget also that the ability to "invest" in real estate back in the 90ies wasn't what we have seen these days, at least to my recollection. If my memory serves me, the entire easy qualifying thing was a product of recent times. I doubt (could be wrong) someone working for 2-3 years would have the capability those days to buy two homes, as some of us were already stretching with one. Also if you could, it probably would require considerable risk, which frankly is beyond what I could have tolerated. I guess also 401k was something simple to do…hence part of my laziness shows. I just wish I picked better funds. 7% returns kinda stinks in my books.
You also forget that Real-estate in for the longest time went no-where. What you are seeing in price appreciation is no different from the dot-com boom and bust. Your argument was the same argument that many people just jumping into the stock market during the dot-com boom was saying about the stock market on the way up. If only I had put all my money in the stock market instead of investing in RE in the late 80ies and 90ies, I would have done considerably better. Things are always clear in hindsight.
But, the thing that was good about all my companies that i worked at, no one offered an option to invest in your own company's stock, or worse buy stocks on the free exchange. I think that is a recipe for disaster, as I'm sure Enron and Countrywide employees are finding out.
For the record, I plan on buying investment property when it makes sense. For that I'm sitting on the sideline right now. I own a primary that's most likely going to depreciate moving forward. But for me and my wife, we figure we can afford this, we still are doing ok toward financial independence, and you only live once, so neither of us are really losing sleep if the primary home drops $100k-$200k+. Doesn't make financial sense, but as so many people have pointed out, a lot of decisions don't make any financial sense. And if things fall beyond that in my neck of woods, we would probably buy another place at that point to dollar-cost-average π
CoronitaParticipantlike flu and others that have amassed sizable retirement portfolios… if they had invested that money in real estate during the late 90's instead of their 401, how would things be different for them today?
Drunkle,
Some of us have :). But you forget also that the ability to "invest" in real estate back in the 90ies wasn't what we have seen these days, at least to my recollection. If my memory serves me, the entire easy qualifying thing was a product of recent times. I doubt (could be wrong) someone working for 2-3 years would have the capability those days to buy two homes, as some of us were already stretching with one. Also if you could, it probably would require considerable risk, which frankly is beyond what I could have tolerated. I guess also 401k was something simple to do…hence part of my laziness shows. I just wish I picked better funds. 7% returns kinda stinks in my books.
You also forget that Real-estate in for the longest time went no-where. What you are seeing in price appreciation is no different from the dot-com boom and bust. Your argument was the same argument that many people just jumping into the stock market during the dot-com boom was saying about the stock market on the way up. If only I had put all my money in the stock market instead of investing in RE in the late 80ies and 90ies, I would have done considerably better. Things are always clear in hindsight.
But, the thing that was good about all my companies that i worked at, no one offered an option to invest in your own company's stock, or worse buy stocks on the free exchange. I think that is a recipe for disaster, as I'm sure Enron and Countrywide employees are finding out.
For the record, I plan on buying investment property when it makes sense. For that I'm sitting on the sideline right now. I own a primary that's most likely going to depreciate moving forward. But for me and my wife, we figure we can afford this, we still are doing ok toward financial independence, and you only live once, so neither of us are really losing sleep if the primary home drops $100k-$200k+. Doesn't make financial sense, but as so many people have pointed out, a lot of decisions don't make any financial sense. And if things fall beyond that in my neck of woods, we would probably buy another place at that point to dollar-cost-average π
CoronitaParticipantlike flu and others that have amassed sizable retirement portfolios… if they had invested that money in real estate during the late 90's instead of their 401, how would things be different for them today?
Drunkle,
Some of us have :). But you forget also that the ability to "invest" in real estate back in the 90ies wasn't what we have seen these days, at least to my recollection. If my memory serves me, the entire easy qualifying thing was a product of recent times. I doubt (could be wrong) someone working for 2-3 years would have the capability those days to buy two homes, as some of us were already stretching with one. Also if you could, it probably would require considerable risk, which frankly is beyond what I could have tolerated. I guess also 401k was something simple to do…hence part of my laziness shows. I just wish I picked better funds. 7% returns kinda stinks in my books.
You also forget that Real-estate in for the longest time went no-where. What you are seeing in price appreciation is no different from the dot-com boom and bust. Your argument was the same argument that many people just jumping into the stock market during the dot-com boom was saying about the stock market on the way up. If only I had put all my money in the stock market instead of investing in RE in the late 80ies and 90ies, I would have done considerably better. Things are always clear in hindsight.
But, the thing that was good about all my companies that i worked at, no one offered an option to invest in your own company's stock, or worse buy stocks on the free exchange. I think that is a recipe for disaster, as I'm sure Enron and Countrywide employees are finding out.
For the record, I plan on buying investment property when it makes sense. For that I'm sitting on the sideline right now. I own a primary that's most likely going to depreciate moving forward. But for me and my wife, we figure we can afford this, we still are doing ok toward financial independence, and you only live once, so neither of us are really losing sleep if the primary home drops $100k-$200k+. Doesn't make financial sense, but as so many people have pointed out, a lot of decisions don't make any financial sense. And if things fall beyond that in my neck of woods, we would probably buy another place at that point to dollar-cost-average π
CoronitaParticipantcooperthedog,
Thanks for the analysis! There is no apology for length when people bring data. I just wonder why more companies don't use simple index funds. I think what bit was all the hidden management fees.
CoronitaParticipantcooperthedog,
Thanks for the analysis! There is no apology for length when people bring data. I just wonder why more companies don't use simple index funds. I think what bit was all the hidden management fees.
CoronitaParticipantcooperthedog,
Thanks for the analysis! There is no apology for length when people bring data. I just wonder why more companies don't use simple index funds. I think what bit was all the hidden management fees.
CoronitaParticipantcooperthedog,
Thanks for the analysis! There is no apology for length when people bring data. I just wonder why more companies don't use simple index funds. I think what bit was all the hidden management fees.
CoronitaParticipantcooperthedog,
Thanks for the analysis! There is no apology for length when people bring data. I just wonder why more companies don't use simple index funds. I think what bit was all the hidden management fees.
CoronitaParticipantI like plasma if the location where the tv will be is not subject to glare.
I like LCD for rooms that have a lot of glare. As such, I'm spoiled and have both :)…Both tube tv's died a two years ago, so an upgrade was needed. I'm sort of crying now, because plasmas and lcd's are soo much cheaper these days.
If you plan on using your tv as a monitor for a computer, I'd say LCD is better. There was some initial concerns about image burn-in for plasmas. personally, I don't think it's really an issue these days.
Whatever you buy, just don't be one of those annoying people that invite your friends over and make them go through millions of pictures on the new display π
CoronitaParticipantI like plasma if the location where the tv will be is not subject to glare.
I like LCD for rooms that have a lot of glare. As such, I'm spoiled and have both :)…Both tube tv's died a two years ago, so an upgrade was needed. I'm sort of crying now, because plasmas and lcd's are soo much cheaper these days.
If you plan on using your tv as a monitor for a computer, I'd say LCD is better. There was some initial concerns about image burn-in for plasmas. personally, I don't think it's really an issue these days.
Whatever you buy, just don't be one of those annoying people that invite your friends over and make them go through millions of pictures on the new display π
CoronitaParticipantI like plasma if the location where the tv will be is not subject to glare.
I like LCD for rooms that have a lot of glare. As such, I'm spoiled and have both :)…Both tube tv's died a two years ago, so an upgrade was needed. I'm sort of crying now, because plasmas and lcd's are soo much cheaper these days.
If you plan on using your tv as a monitor for a computer, I'd say LCD is better. There was some initial concerns about image burn-in for plasmas. personally, I don't think it's really an issue these days.
Whatever you buy, just don't be one of those annoying people that invite your friends over and make them go through millions of pictures on the new display π
CoronitaParticipantI like plasma if the location where the tv will be is not subject to glare.
I like LCD for rooms that have a lot of glare. As such, I'm spoiled and have both :)…Both tube tv's died a two years ago, so an upgrade was needed. I'm sort of crying now, because plasmas and lcd's are soo much cheaper these days.
If you plan on using your tv as a monitor for a computer, I'd say LCD is better. There was some initial concerns about image burn-in for plasmas. personally, I don't think it's really an issue these days.
Whatever you buy, just don't be one of those annoying people that invite your friends over and make them go through millions of pictures on the new display π
CoronitaParticipantI like plasma if the location where the tv will be is not subject to glare.
I like LCD for rooms that have a lot of glare. As such, I'm spoiled and have both :)…Both tube tv's died a two years ago, so an upgrade was needed. I'm sort of crying now, because plasmas and lcd's are soo much cheaper these days.
If you plan on using your tv as a monitor for a computer, I'd say LCD is better. There was some initial concerns about image burn-in for plasmas. personally, I don't think it's really an issue these days.
Whatever you buy, just don't be one of those annoying people that invite your friends over and make them go through millions of pictures on the new display π
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