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DaCounselor
ParticipantGood points Allan. Look at my situation – I openly admit that I “trade” with a small portion of my portfolio, and have done so for 25 years, because I enjoy the process. I’m not investing, I’m trading – big difference. I’m prepared to take losses and I also celebrate big wins. It is of course akin to gambling. Now I enjoy going to Vegas 2-3 times a year, but the stuff you can do in the market is much more fun for me. In a sense, it’s entertainment. So I guess losses are an “entertainment expense”. That’s what we call our Vegas beatings. We also refer to them as “buying a thousand dollar beer.”
I have had some statistically amazing runs, both trading and in Vegas, and when you get on an extended run the thought can creep into your mind that “hey, I can make a living at this – i can play blackjack and craps for a LIVING!” But sooner or later the House asserts itself and it all comes crashing down and you learn who the boss is, and it ain’t you. Same thing with trading. And trust me, I have also suffered with some statistically amazing cold streaks as well.
The other thing about both trading and gambling is that you always seem to hear alot about someone’s great winning streak but not so much about the times they get blown up. Anyway, I am huge skeptic of anyone being able to, as they say, “beat the market” over the long haul, in the same way I am skeptical that anyone can “beat the House” in Vegas over the long haul. Those that try should be prepared to incur an “entertainment expense.”
ParticipantGood points Allan. Look at my situation – I openly admit that I “trade” with a small portion of my portfolio, and have done so for 25 years, because I enjoy the process. I’m not investing, I’m trading – big difference. I’m prepared to take losses and I also celebrate big wins. It is of course akin to gambling. Now I enjoy going to Vegas 2-3 times a year, but the stuff you can do in the market is much more fun for me. In a sense, it’s entertainment. So I guess losses are an “entertainment expense”. That’s what we call our Vegas beatings. We also refer to them as “buying a thousand dollar beer.”
I have had some statistically amazing runs, both trading and in Vegas, and when you get on an extended run the thought can creep into your mind that “hey, I can make a living at this – i can play blackjack and craps for a LIVING!” But sooner or later the House asserts itself and it all comes crashing down and you learn who the boss is, and it ain’t you. Same thing with trading. And trust me, I have also suffered with some statistically amazing cold streaks as well.
The other thing about both trading and gambling is that you always seem to hear alot about someone’s great winning streak but not so much about the times they get blown up. Anyway, I am huge skeptic of anyone being able to, as they say, “beat the market” over the long haul, in the same way I am skeptical that anyone can “beat the House” in Vegas over the long haul. Those that try should be prepared to incur an “entertainment expense.”
ParticipantGood points Allan. Look at my situation – I openly admit that I “trade” with a small portion of my portfolio, and have done so for 25 years, because I enjoy the process. I’m not investing, I’m trading – big difference. I’m prepared to take losses and I also celebrate big wins. It is of course akin to gambling. Now I enjoy going to Vegas 2-3 times a year, but the stuff you can do in the market is much more fun for me. In a sense, it’s entertainment. So I guess losses are an “entertainment expense”. That’s what we call our Vegas beatings. We also refer to them as “buying a thousand dollar beer.”
I have had some statistically amazing runs, both trading and in Vegas, and when you get on an extended run the thought can creep into your mind that “hey, I can make a living at this – i can play blackjack and craps for a LIVING!” But sooner or later the House asserts itself and it all comes crashing down and you learn who the boss is, and it ain’t you. Same thing with trading. And trust me, I have also suffered with some statistically amazing cold streaks as well.
The other thing about both trading and gambling is that you always seem to hear alot about someone’s great winning streak but not so much about the times they get blown up. Anyway, I am huge skeptic of anyone being able to, as they say, “beat the market” over the long haul, in the same way I am skeptical that anyone can “beat the House” in Vegas over the long haul. Those that try should be prepared to incur an “entertainment expense.”
ParticipantI don’t think you are going to find a $300K unit in a good building, unless you are talking about a studio unit. I’m not sure the better buildings even offer studios. I can tell you that many of the buildings downtown, even some of the ones considered high-end, have or have had some pretty significant construction-related problems. Plumbing issues seem to be a recurring theme, in particular. If I were you I would do plenty of research on each development. It’s not going to be “if” a building has issues, it’s going to be “how many” and “how bad”.
ParticipantI don’t think you are going to find a $300K unit in a good building, unless you are talking about a studio unit. I’m not sure the better buildings even offer studios. I can tell you that many of the buildings downtown, even some of the ones considered high-end, have or have had some pretty significant construction-related problems. Plumbing issues seem to be a recurring theme, in particular. If I were you I would do plenty of research on each development. It’s not going to be “if” a building has issues, it’s going to be “how many” and “how bad”.
ParticipantI don’t think you are going to find a $300K unit in a good building, unless you are talking about a studio unit. I’m not sure the better buildings even offer studios. I can tell you that many of the buildings downtown, even some of the ones considered high-end, have or have had some pretty significant construction-related problems. Plumbing issues seem to be a recurring theme, in particular. If I were you I would do plenty of research on each development. It’s not going to be “if” a building has issues, it’s going to be “how many” and “how bad”.
ParticipantI don’t think you are going to find a $300K unit in a good building, unless you are talking about a studio unit. I’m not sure the better buildings even offer studios. I can tell you that many of the buildings downtown, even some of the ones considered high-end, have or have had some pretty significant construction-related problems. Plumbing issues seem to be a recurring theme, in particular. If I were you I would do plenty of research on each development. It’s not going to be “if” a building has issues, it’s going to be “how many” and “how bad”.
ParticipantI don’t think you are going to find a $300K unit in a good building, unless you are talking about a studio unit. I’m not sure the better buildings even offer studios. I can tell you that many of the buildings downtown, even some of the ones considered high-end, have or have had some pretty significant construction-related problems. Plumbing issues seem to be a recurring theme, in particular. If I were you I would do plenty of research on each development. It’s not going to be “if” a building has issues, it’s going to be “how many” and “how bad”.
ParticipantI think you will be sorry if you pay $315K in Balboa Ridge. Condos in Clairemont are continuing to lose value. Townhomes in much better locations, like Balboa Terrace with ocean views for instance, are getting ready have closures sub $400K with more reductions to continue. Most of the sub $400K sfr’s are pretty beat but there should be a much better selection over the next few years. Clairemont is a pretty spotty area with alot of junkers but there are some better streets that are going to suffer along with everyone else. I would hold off for now and look at what happens this year. By the fall you should see some additional devaluation.
ParticipantI think you will be sorry if you pay $315K in Balboa Ridge. Condos in Clairemont are continuing to lose value. Townhomes in much better locations, like Balboa Terrace with ocean views for instance, are getting ready have closures sub $400K with more reductions to continue. Most of the sub $400K sfr’s are pretty beat but there should be a much better selection over the next few years. Clairemont is a pretty spotty area with alot of junkers but there are some better streets that are going to suffer along with everyone else. I would hold off for now and look at what happens this year. By the fall you should see some additional devaluation.
ParticipantI think you will be sorry if you pay $315K in Balboa Ridge. Condos in Clairemont are continuing to lose value. Townhomes in much better locations, like Balboa Terrace with ocean views for instance, are getting ready have closures sub $400K with more reductions to continue. Most of the sub $400K sfr’s are pretty beat but there should be a much better selection over the next few years. Clairemont is a pretty spotty area with alot of junkers but there are some better streets that are going to suffer along with everyone else. I would hold off for now and look at what happens this year. By the fall you should see some additional devaluation.
ParticipantI think you will be sorry if you pay $315K in Balboa Ridge. Condos in Clairemont are continuing to lose value. Townhomes in much better locations, like Balboa Terrace with ocean views for instance, are getting ready have closures sub $400K with more reductions to continue. Most of the sub $400K sfr’s are pretty beat but there should be a much better selection over the next few years. Clairemont is a pretty spotty area with alot of junkers but there are some better streets that are going to suffer along with everyone else. I would hold off for now and look at what happens this year. By the fall you should see some additional devaluation.
ParticipantI think you will be sorry if you pay $315K in Balboa Ridge. Condos in Clairemont are continuing to lose value. Townhomes in much better locations, like Balboa Terrace with ocean views for instance, are getting ready have closures sub $400K with more reductions to continue. Most of the sub $400K sfr’s are pretty beat but there should be a much better selection over the next few years. Clairemont is a pretty spotty area with alot of junkers but there are some better streets that are going to suffer along with everyone else. I would hold off for now and look at what happens this year. By the fall you should see some additional devaluation.
ParticipantWhen you look at all of your interests/goals, it seems pretty clear that the one goal that may be standing in the way of everything else is the goal to pay off your house in 9 more years. If you let that go, you can cut your hours at work substantially, enjoy more family time, focus on your health and have plenty of disposable income to enjoy life. Sounds like a pretty good trade to me. Then it’s just a matter of a re-fi or a sale, depending upon whether it is more important to you to lock in your gains or to have continuity and stay in the house.
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