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kw3393
Participant3000sqft+ for just a 4BR house? How far away do these people wanna be from their family members? Isn’t it suppose to be “home” where you spend quality time with your family?!?!???
Even worse, I’m sure most of these homes are two-income families and both mom & dad work all day with kids in daycare after spending 1hr+ in traffic everyday. And now they’re in foreclosure. You figure out the rest…A family doesn’t need 4 bathrooms for a 4BR house! Just an indication of how much people’s basic values have come down.
A big house won’t buy “happiness” necessarily.
Participant3000sqft+ for just a 4BR house? How far away do these people wanna be from their family members? Isn’t it suppose to be “home” where you spend quality time with your family?!?!???
Even worse, I’m sure most of these homes are two-income families and both mom & dad work all day with kids in daycare after spending 1hr+ in traffic everyday. And now they’re in foreclosure. You figure out the rest…A family doesn’t need 4 bathrooms for a 4BR house! Just an indication of how much people’s basic values have come down.
A big house won’t buy “happiness” necessarily.
Participant3000sqft+ for just a 4BR house? How far away do these people wanna be from their family members? Isn’t it suppose to be “home” where you spend quality time with your family?!?!???
Even worse, I’m sure most of these homes are two-income families and both mom & dad work all day with kids in daycare after spending 1hr+ in traffic everyday. And now they’re in foreclosure. You figure out the rest…A family doesn’t need 4 bathrooms for a 4BR house! Just an indication of how much people’s basic values have come down.
A big house won’t buy “happiness” necessarily.
ParticipantFDIC??? If you’re so concerned about FDIC, keep your money with the big banks like Wells Fargo, Bank of America, Citibank. If any one of them goes down, FDIC will be so insignificant, it won’t have enough in reserves to cover all the deposits. Plus, the world is probably coming to an end and the US gov’t probably has collapsed 🙂
If a person is keeping money with one of those internet banks like ING and EmigrantDirect for that extra 0.5% on CD’s and money markets, s/he must be desperate. Don’t go through the hassles of moving money from one place to another over interest rates. One would do much better by balancing money between cash and stocks, and managing daily/monthly household budgets and spendings. By driving a Honda Accord instead of a Mercedes, you’ve just created extra $30,000 in your savings.
ParticipantFDIC??? If you’re so concerned about FDIC, keep your money with the big banks like Wells Fargo, Bank of America, Citibank. If any one of them goes down, FDIC will be so insignificant, it won’t have enough in reserves to cover all the deposits. Plus, the world is probably coming to an end and the US gov’t probably has collapsed 🙂
If a person is keeping money with one of those internet banks like ING and EmigrantDirect for that extra 0.5% on CD’s and money markets, s/he must be desperate. Don’t go through the hassles of moving money from one place to another over interest rates. One would do much better by balancing money between cash and stocks, and managing daily/monthly household budgets and spendings. By driving a Honda Accord instead of a Mercedes, you’ve just created extra $30,000 in your savings.
ParticipantDon’t get me wrong, I’m sure there are plenty of “sophisticated” real estate investors out there.
But in this current environment, there are way too many unsophisticated investors who’ve tried to create wealth by simply buying properties and renting them out.
Let’s face the REALITY. 80% of all of us can’t or aren’t even planning or prepared for retirement. A lot of these property owners are about to face some serious consequences. They “think” they know, but they don’t.
ParticipantDon’t get me wrong, I’m sure there are plenty of “sophisticated” real estate investors out there.
But in this current environment, there are way too many unsophisticated investors who’ve tried to create wealth by simply buying properties and renting them out.
Let’s face the REALITY. 80% of all of us can’t or aren’t even planning or prepared for retirement. A lot of these property owners are about to face some serious consequences. They “think” they know, but they don’t.
Participant28, married with 115k/yr. No debt. Since we don’t have family connection in southern CA, it makes no sense to live here and buy a home. Instead, we’re moving out of state and buying a 4br 2000sqft single family home for 200k. We love sunny SD, but 4-seasons ain’t bad either.
FYI – for a 30yr fixed mortgage at 6.5%:
180k loan will cost you $410k in principal & interest over life of loan.
500k loan will cost you $1.2MM in principal & interest over life of loan. Plus, more in taxes & insurance compared to the Midwest.
Participant28, married with 115k/yr. No debt. Since we don’t have family connection in southern CA, it makes no sense to live here and buy a home. Instead, we’re moving out of state and buying a 4br 2000sqft single family home for 200k. We love sunny SD, but 4-seasons ain’t bad either.
FYI – for a 30yr fixed mortgage at 6.5%:
180k loan will cost you $410k in principal & interest over life of loan.
500k loan will cost you $1.2MM in principal & interest over life of loan. Plus, more in taxes & insurance compared to the Midwest.
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