Forum Replies Created
-
AuthorPosts
-
Navydoc
ParticipantWell, we closed on 6/30, and now all my crap is on a truck on its way to Gaithersburg MD. Did I rationalize? I don’t think so. I can’t even find a rental close to my new house for anything near to what my mortgage payment is. I also won’t have a guy in a little beat-up yellow pickup with a clipboard in front of my house scheduling the trustee sale (this happened 10 days prior to our move, I asked the guy how much time we had and he couldn’t tell me, but he said we still had some time).
Renting was very good to me, and it allowed me to save the nice chunk of change that I could use as a down payment. But renting is not without its problems. While living in LA we had to move twice, once after my first year, and I had to do that one myself. I cannot tell you how stressful that was for my family. I also feel a little better about this money when the inevitable inflation finally hits. What’s the difference if the money is lost due to depreciation of the house, or if its spending power is decreased through inflation? At least now my housing costs are fixed at a price I can very comfortably afford. When inflation comes I’ll be smelling like a rose. If the money was in a CD or other safe investment I would lose by both lost spending power, and having to pay increasing housing costs.
I am now very well situated to ride out anything that comes economically. My job is completely safe. Even if the Navy dumps me, I could find a new job in about 5 minutes. I don’t see procreation dropping off any time soon, and women keep having babies later and later in life, which keeps the high-risk OBs quite busy.
I hope I can keep my PIGG status on the East coast.
ParticipantWell, we closed on 6/30, and now all my crap is on a truck on its way to Gaithersburg MD. Did I rationalize? I don’t think so. I can’t even find a rental close to my new house for anything near to what my mortgage payment is. I also won’t have a guy in a little beat-up yellow pickup with a clipboard in front of my house scheduling the trustee sale (this happened 10 days prior to our move, I asked the guy how much time we had and he couldn’t tell me, but he said we still had some time).
Renting was very good to me, and it allowed me to save the nice chunk of change that I could use as a down payment. But renting is not without its problems. While living in LA we had to move twice, once after my first year, and I had to do that one myself. I cannot tell you how stressful that was for my family. I also feel a little better about this money when the inevitable inflation finally hits. What’s the difference if the money is lost due to depreciation of the house, or if its spending power is decreased through inflation? At least now my housing costs are fixed at a price I can very comfortably afford. When inflation comes I’ll be smelling like a rose. If the money was in a CD or other safe investment I would lose by both lost spending power, and having to pay increasing housing costs.
I am now very well situated to ride out anything that comes economically. My job is completely safe. Even if the Navy dumps me, I could find a new job in about 5 minutes. I don’t see procreation dropping off any time soon, and women keep having babies later and later in life, which keeps the high-risk OBs quite busy.
I hope I can keep my PIGG status on the East coast.
ParticipantWell, we closed on 6/30, and now all my crap is on a truck on its way to Gaithersburg MD. Did I rationalize? I don’t think so. I can’t even find a rental close to my new house for anything near to what my mortgage payment is. I also won’t have a guy in a little beat-up yellow pickup with a clipboard in front of my house scheduling the trustee sale (this happened 10 days prior to our move, I asked the guy how much time we had and he couldn’t tell me, but he said we still had some time).
Renting was very good to me, and it allowed me to save the nice chunk of change that I could use as a down payment. But renting is not without its problems. While living in LA we had to move twice, once after my first year, and I had to do that one myself. I cannot tell you how stressful that was for my family. I also feel a little better about this money when the inevitable inflation finally hits. What’s the difference if the money is lost due to depreciation of the house, or if its spending power is decreased through inflation? At least now my housing costs are fixed at a price I can very comfortably afford. When inflation comes I’ll be smelling like a rose. If the money was in a CD or other safe investment I would lose by both lost spending power, and having to pay increasing housing costs.
I am now very well situated to ride out anything that comes economically. My job is completely safe. Even if the Navy dumps me, I could find a new job in about 5 minutes. I don’t see procreation dropping off any time soon, and women keep having babies later and later in life, which keeps the high-risk OBs quite busy.
I hope I can keep my PIGG status on the East coast.
ParticipantIt may seem harsh, but as I read through this article I felt no sympathy for this guy at all. How in the hell did he think he could buy a $500K house while giving half of his money away in alimony/child support payments? This was before his new wife even had a job!
I think the Kool aid analogy we toss around is extremely appropriate. Jim Jone’s followers, either willingly or by force, drank the kool aid and died en masse. This guy did exactly what everyone else was doing at the time, and now that the cyanide is kicking in he wants me to save his financial life. Sorry friend, you’ll recover from this, I promise. I bet you’ll think twice about living above your means again.
It’s kind of funny, this story is set in my new hood. We looked at quite a few places in Silver Spring. Maybe he’ll look for a rental near me.
ParticipantIt may seem harsh, but as I read through this article I felt no sympathy for this guy at all. How in the hell did he think he could buy a $500K house while giving half of his money away in alimony/child support payments? This was before his new wife even had a job!
I think the Kool aid analogy we toss around is extremely appropriate. Jim Jone’s followers, either willingly or by force, drank the kool aid and died en masse. This guy did exactly what everyone else was doing at the time, and now that the cyanide is kicking in he wants me to save his financial life. Sorry friend, you’ll recover from this, I promise. I bet you’ll think twice about living above your means again.
It’s kind of funny, this story is set in my new hood. We looked at quite a few places in Silver Spring. Maybe he’ll look for a rental near me.
ParticipantIt may seem harsh, but as I read through this article I felt no sympathy for this guy at all. How in the hell did he think he could buy a $500K house while giving half of his money away in alimony/child support payments? This was before his new wife even had a job!
I think the Kool aid analogy we toss around is extremely appropriate. Jim Jone’s followers, either willingly or by force, drank the kool aid and died en masse. This guy did exactly what everyone else was doing at the time, and now that the cyanide is kicking in he wants me to save his financial life. Sorry friend, you’ll recover from this, I promise. I bet you’ll think twice about living above your means again.
It’s kind of funny, this story is set in my new hood. We looked at quite a few places in Silver Spring. Maybe he’ll look for a rental near me.
ParticipantIt may seem harsh, but as I read through this article I felt no sympathy for this guy at all. How in the hell did he think he could buy a $500K house while giving half of his money away in alimony/child support payments? This was before his new wife even had a job!
I think the Kool aid analogy we toss around is extremely appropriate. Jim Jone’s followers, either willingly or by force, drank the kool aid and died en masse. This guy did exactly what everyone else was doing at the time, and now that the cyanide is kicking in he wants me to save his financial life. Sorry friend, you’ll recover from this, I promise. I bet you’ll think twice about living above your means again.
It’s kind of funny, this story is set in my new hood. We looked at quite a few places in Silver Spring. Maybe he’ll look for a rental near me.
ParticipantIt may seem harsh, but as I read through this article I felt no sympathy for this guy at all. How in the hell did he think he could buy a $500K house while giving half of his money away in alimony/child support payments? This was before his new wife even had a job!
I think the Kool aid analogy we toss around is extremely appropriate. Jim Jone’s followers, either willingly or by force, drank the kool aid and died en masse. This guy did exactly what everyone else was doing at the time, and now that the cyanide is kicking in he wants me to save his financial life. Sorry friend, you’ll recover from this, I promise. I bet you’ll think twice about living above your means again.
It’s kind of funny, this story is set in my new hood. We looked at quite a few places in Silver Spring. Maybe he’ll look for a rental near me.
ParticipantStarted lurking in May 2006 while living in Japan. I knew I was being transferred to the LA area, but found this site while doing a search for “Southern California Real Estate Market”. Thought the title was catchy, and it turned out it saved me a couple of hundred thousand dollars, as it convinced me NOT to buy in summer 2006. You see I had saved about $100,000 by that time and the money was burning a hole in my pocket for a real estate purchase. Boy am I glad I didn’t, as I wouldn’t have been able to buy the Dream House in Gaithersburg.
I think I started posting in July 2007 on the “Please help Dina” thread. Still one of my favorites.
ParticipantStarted lurking in May 2006 while living in Japan. I knew I was being transferred to the LA area, but found this site while doing a search for “Southern California Real Estate Market”. Thought the title was catchy, and it turned out it saved me a couple of hundred thousand dollars, as it convinced me NOT to buy in summer 2006. You see I had saved about $100,000 by that time and the money was burning a hole in my pocket for a real estate purchase. Boy am I glad I didn’t, as I wouldn’t have been able to buy the Dream House in Gaithersburg.
I think I started posting in July 2007 on the “Please help Dina” thread. Still one of my favorites.
ParticipantStarted lurking in May 2006 while living in Japan. I knew I was being transferred to the LA area, but found this site while doing a search for “Southern California Real Estate Market”. Thought the title was catchy, and it turned out it saved me a couple of hundred thousand dollars, as it convinced me NOT to buy in summer 2006. You see I had saved about $100,000 by that time and the money was burning a hole in my pocket for a real estate purchase. Boy am I glad I didn’t, as I wouldn’t have been able to buy the Dream House in Gaithersburg.
I think I started posting in July 2007 on the “Please help Dina” thread. Still one of my favorites.
ParticipantStarted lurking in May 2006 while living in Japan. I knew I was being transferred to the LA area, but found this site while doing a search for “Southern California Real Estate Market”. Thought the title was catchy, and it turned out it saved me a couple of hundred thousand dollars, as it convinced me NOT to buy in summer 2006. You see I had saved about $100,000 by that time and the money was burning a hole in my pocket for a real estate purchase. Boy am I glad I didn’t, as I wouldn’t have been able to buy the Dream House in Gaithersburg.
I think I started posting in July 2007 on the “Please help Dina” thread. Still one of my favorites.
ParticipantStarted lurking in May 2006 while living in Japan. I knew I was being transferred to the LA area, but found this site while doing a search for “Southern California Real Estate Market”. Thought the title was catchy, and it turned out it saved me a couple of hundred thousand dollars, as it convinced me NOT to buy in summer 2006. You see I had saved about $100,000 by that time and the money was burning a hole in my pocket for a real estate purchase. Boy am I glad I didn’t, as I wouldn’t have been able to buy the Dream House in Gaithersburg.
I think I started posting in July 2007 on the “Please help Dina” thread. Still one of my favorites.
ParticipantI’m a doctor in the Navy.
-
AuthorPosts
