[NeetaT]

IrvineRenter,

Thanks for the edifying write-up. I found it very informative, well written, and interesting. I think most people lack the patience to handle finances in the most efficient and practical manner. They want everything yesterday. My wife and I have careers of what I consider mid to low income. I’m in the military and she is a hotel front desk manager. Because I follow the rich persons guidelines that you set forth in your write-up, my wife and I are able to put away $6,000.00 a month after all our monthly expenses are paid. Most people will not agree with what I have done in the past to get me to this point. First of all, with the exception of my first automobile, I buy everything with cash or credit card to be paid in full. In other words, I don’t buy anything that I cannot pay off immediately with cash, not even a house. Oh yes, I was castigated for buying a house with cash in full on the day of closing. It is unreal how much money I saved when I bought with cash. I have since sold the house and now rent in Virginia Beach, VA. I am again being castigated for renting, but for now it makes since for my wife and I. Anyway, to make a long story short; by virtue of my financial habits, I am able to do what all the spendthrifts are doing with the peace of mind that I have a substantial amount of money saved up, have no debt and can buy a house with cash even in San Diego. As a consequence of most peoples credit spending habits, prices go up as inflation gets out of control due to everyone being able to afford everything via credit. If I had it my way, no one would be able to borrow money and prices would remain in check.

[NeetaT]

I’m actually moving to San Diego in two years. Maybe I will live in Temecula. The tirade that was printed, expresses my feelings exactly, accept I would have been more specific about the people taking vacations and funding their retirements with their profits made at the expense of fools. I would have included the fact that there must be people who work for the state that skim off the revenue of property tax procured from the highly over inflated prices. Those people must be taking some opulent vacations.

[NeetaT]

rseiser,

You seem to be an erudite person. So here’s the $64,000.00 question; where do I invest my $500,000.00? Please be specific.

Thanks, NeetaT

[NeetaT]

I’m glad you brought this topic up. I can sum it all up in one statement that expresses my feelings regarding my financial situation. Most would think that I’m in a good postion. I have in excess of $500,000.00 in cash and feel as though I have nothing thanks to inflation, especially the cost of housing. I guess I will keep working until I’m 70yrs old. I’m 44 by the way.

[NeetaT]

I’m tired of hearing how bad everything is or will be. I’ve listened to this same rhetoric for the last ten years and have reacted to it by being very cautious with my money and as a consequence missed out on making large amounts of money. I still hold hope in this prediction, because I’ve done so for so long. Now I’m stuck. The truth is that most people have allot of money. It’s hard to make a case for a bad economy, when I can’t find a parking space at a shopping mall and have to wait in line at an Outback Steak house.

[NeetaT]

Although I am new to this website, I like to interject when I find a topic of interest. I watched the Peter Schiff video and came to the conclusion that his assertions do have merit. Would someone please explain to me the difference between a strong and weak dollar as related to confining it to purchases made in the US. The reason I ask this question is because I have always saved money via the best savings or CD rate available at the time. Right now I am receiving 5% in a savings account. When someone says to me that the dollar is weakening and interest rates will go up dramatically, I immediately rejoice to the fact that I will receive more in interest payments. If the savings account rate goes up to 10%, I have doubled my income. Now what does this weak dollar mean to me now? Without calling me an idiot, would someone please edify me?

Thanks, NeetaT

[NeetaT]

I really don’t care what we’re fighting for. All I know is that we are killing people who don’t like us. I take the side of the super hawks. I say we kill those who oppose us faster than they can be born. I’m proud to be part of a bellicose nation. I say take to the streets and raise your fists in fury. Proffer the Statue of Liberty a weapon to brandish in the face of our adversaries.

[NeetaT]

I believe in a bellicose nation; a nation that takes the fight to the enemy and subjugates that enemy. I believe we should send 200,000 more troops including me to the fight. What a weak nation we have become. I can’t believe our nation doesn’t harbor more people with my attitude. I guess most people have an insouciant attitude towards attacks on our nation.

[NeetaT]

Good!!!!!!!!!

[NeetaT]

Mello Roos seems to be a skimming operation. My assertion comes from what I’ve read about it.

[NeetaT]

It seems as though the deflationary scenario never plays out. I have been invested in cash for a long time and have gotten burned in a since that I have not cashed in on lower prices be it real estate or otherwise. All I ever see is prices going up thus eating away at my buying power. I do hope home prices plummet, but I am not counting on it. People are able to borrow money too easily and in turn drive up prices. I always here about the economy being in bad shape, if this is so, why can I not find a place to park at shopping malls and why can I not get into restaurants due to overcrowding?

[NeetaT]

No!!!!!

[NeetaT]

I think it will remain a sellers market as long as people can qualify for loans that they would not otherwise qualify for. Anytime a person can borrow a million dollars and pay only $1,500.00 a month is when they will do so in earnest and thus drive prices up. The prices will not drop considerably until lending practices get back to normal. I say put an end to easy credit.

[NeetaT]

TheBreeze,

I checked “realtor.com” after I read your comment. There are about 7,000 properties listed in the San Diego area. I know there are more listings that go beyond realtor.com, but I don’t have a clue as to how to get an accurate count. I don’t live in San Diego, but plan on moving there in 2 yrs. I have made it a hobby to check on how many listings there are in San Diego. I liked San Diego when I lived there and hope I like it when I return. I have two questions for those of you who read this comment. Is there a way to get an accurate count of listings? Can I expect to get my car stolen when I move back? Sorry to get off the subject.

[NeetaT]

LookoutBelow,

I found your comment funny and serious at the same time. I don’t live in San Diego anymore, but I do remember the area that you are referring to. You are correct in your statement and I think this site would benefit from more of your comments. You are a gifted writer even if you don’t know it.

[Author]

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