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NotCranky
Participantdjrobsd,
You are putting a very personal isue out on a “free for all” blog. You would never walk into a coffee shop or other location where a bunch of strangers are gathered and do that. You are going get what you get. If we want to play here,especially putting our personal issues or strong opinions out there, we can’t hardly complain about what we get. I do hope you get some good breaks going forward. I am not going to say bail or stay. It is great that you are trying ot tackle the issue from all angles. I agree with bsrharma on the moral issue. Don’t let it become a pack of demons in your head forever what ever you do. You will have bigger problems than losing a house if you do.
Best wishes
Participantdjrobsd,
You are putting a very personal isue out on a “free for all” blog. You would never walk into a coffee shop or other location where a bunch of strangers are gathered and do that. You are going get what you get. If we want to play here,especially putting our personal issues or strong opinions out there, we can’t hardly complain about what we get. I do hope you get some good breaks going forward. I am not going to say bail or stay. It is great that you are trying ot tackle the issue from all angles. I agree with bsrharma on the moral issue. Don’t let it become a pack of demons in your head forever what ever you do. You will have bigger problems than losing a house if you do.
Best wishes
Participantdjrobsd,
You are putting a very personal isue out on a “free for all” blog. You would never walk into a coffee shop or other location where a bunch of strangers are gathered and do that. You are going get what you get. If we want to play here,especially putting our personal issues or strong opinions out there, we can’t hardly complain about what we get. I do hope you get some good breaks going forward. I am not going to say bail or stay. It is great that you are trying ot tackle the issue from all angles. I agree with bsrharma on the moral issue. Don’t let it become a pack of demons in your head forever what ever you do. You will have bigger problems than losing a house if you do.
Best wishes
Participantbsrsharma
Thanks for your reply bsrsharma. Your four points all have speculative elements and a if it doesn’t work out you send the key’s to the lender. That last part tells me even you know it is gambling.
Don’t get me wrong I fully understand the value of borrowed dollars getting cheaper to repay. I also understand that potential buyer’s wake up one day and realize all that house “ain’t all that” and refuse to make the gamble pay off? Alternately, our economy can reach a point where all that money can’t so easily go to shelter because it is needed for other things or not so easy to get. What about the possibility the the leveraged buyer’s income stream suffers a shock? What about staying up all night worrying about it and having it negatively effect life and relationships and basic happiness? Now that we are both speculating, what’s wrong with letting inflation and/or a housing correction catch up before taking the plunge? It has the same effect and less risk. In fact if the average Joe does it this way he can be relatively rich after a period of time.
I could see taking a little more risk, rationalizing it with your theories, if the property in mind was a potential money maker instead of a guaranteed money pit. Those scenarios I tinker with almost everyday.
Raptorduck. Sorry if I was a little rough today. The comment about your wife shopping was really meant to be a response to the idea that “not buying your wife a house could be a big mistake”. I should have directed it that way. We need to cooperate with our spouses and sometimes find compromises not capitulate because of what ever the consequence of some “mistake” might be. Lots of guys have come on here and said “can’t hold the wife back anymore” and stuff like that. I know you have not. In my case my wife cares way less about a house than I do.
Participantbsrsharma
Thanks for your reply bsrsharma. Your four points all have speculative elements and a if it doesn’t work out you send the key’s to the lender. That last part tells me even you know it is gambling.
Don’t get me wrong I fully understand the value of borrowed dollars getting cheaper to repay. I also understand that potential buyer’s wake up one day and realize all that house “ain’t all that” and refuse to make the gamble pay off? Alternately, our economy can reach a point where all that money can’t so easily go to shelter because it is needed for other things or not so easy to get. What about the possibility the the leveraged buyer’s income stream suffers a shock? What about staying up all night worrying about it and having it negatively effect life and relationships and basic happiness? Now that we are both speculating, what’s wrong with letting inflation and/or a housing correction catch up before taking the plunge? It has the same effect and less risk. In fact if the average Joe does it this way he can be relatively rich after a period of time.
I could see taking a little more risk, rationalizing it with your theories, if the property in mind was a potential money maker instead of a guaranteed money pit. Those scenarios I tinker with almost everyday.
Raptorduck. Sorry if I was a little rough today. The comment about your wife shopping was really meant to be a response to the idea that “not buying your wife a house could be a big mistake”. I should have directed it that way. We need to cooperate with our spouses and sometimes find compromises not capitulate because of what ever the consequence of some “mistake” might be. Lots of guys have come on here and said “can’t hold the wife back anymore” and stuff like that. I know you have not. In my case my wife cares way less about a house than I do.
Participantbsrsharma
Thanks for your reply bsrsharma. Your four points all have speculative elements and a if it doesn’t work out you send the key’s to the lender. That last part tells me even you know it is gambling.
Don’t get me wrong I fully understand the value of borrowed dollars getting cheaper to repay. I also understand that potential buyer’s wake up one day and realize all that house “ain’t all that” and refuse to make the gamble pay off? Alternately, our economy can reach a point where all that money can’t so easily go to shelter because it is needed for other things or not so easy to get. What about the possibility the the leveraged buyer’s income stream suffers a shock? What about staying up all night worrying about it and having it negatively effect life and relationships and basic happiness? Now that we are both speculating, what’s wrong with letting inflation and/or a housing correction catch up before taking the plunge? It has the same effect and less risk. In fact if the average Joe does it this way he can be relatively rich after a period of time.
I could see taking a little more risk, rationalizing it with your theories, if the property in mind was a potential money maker instead of a guaranteed money pit. Those scenarios I tinker with almost everyday.
Raptorduck. Sorry if I was a little rough today. The comment about your wife shopping was really meant to be a response to the idea that “not buying your wife a house could be a big mistake”. I should have directed it that way. We need to cooperate with our spouses and sometimes find compromises not capitulate because of what ever the consequence of some “mistake” might be. Lots of guys have come on here and said “can’t hold the wife back anymore” and stuff like that. I know you have not. In my case my wife cares way less about a house than I do.
Participantbsrsharma
Thanks for your reply bsrsharma. Your four points all have speculative elements and a if it doesn’t work out you send the key’s to the lender. That last part tells me even you know it is gambling.
Don’t get me wrong I fully understand the value of borrowed dollars getting cheaper to repay. I also understand that potential buyer’s wake up one day and realize all that house “ain’t all that” and refuse to make the gamble pay off? Alternately, our economy can reach a point where all that money can’t so easily go to shelter because it is needed for other things or not so easy to get. What about the possibility the the leveraged buyer’s income stream suffers a shock? What about staying up all night worrying about it and having it negatively effect life and relationships and basic happiness? Now that we are both speculating, what’s wrong with letting inflation and/or a housing correction catch up before taking the plunge? It has the same effect and less risk. In fact if the average Joe does it this way he can be relatively rich after a period of time.
I could see taking a little more risk, rationalizing it with your theories, if the property in mind was a potential money maker instead of a guaranteed money pit. Those scenarios I tinker with almost everyday.
Raptorduck. Sorry if I was a little rough today. The comment about your wife shopping was really meant to be a response to the idea that “not buying your wife a house could be a big mistake”. I should have directed it that way. We need to cooperate with our spouses and sometimes find compromises not capitulate because of what ever the consequence of some “mistake” might be. Lots of guys have come on here and said “can’t hold the wife back anymore” and stuff like that. I know you have not. In my case my wife cares way less about a house than I do.
Participantbsrsharma,
You may be right but I can’t get over the idea that what you are saying is gambling.The real advantage I see for Raptor Duck is that he is coming from a higher priced region to a lower and he guarantees that he benefits from this by buying a cheaper house…not a bigger and equally or more expensive one.There is no gamble involved with that, he becomes finacially more secure. As he said though, we all march to a different drummer.
Raptorduck,
I forget if you got the admonition to rent that most would be SD buyers get when they post here. Maybe that could come up again with your new resolution to wait a while? I know you have a big family and all…just food for thought. You could capitalize on selling while the selling is good where you are at, by coming to cheaper market, and by buying after more depreciation.There was a man who used to post here , in a situation very similiar to yours,family, fairly “well to do” and he did that. He said he is renting a killer house in La Jolla for around 6k. His psuedonym was “Cyphire” if you want to try to find some of his posts.
Participantbsrsharma,
You may be right but I can’t get over the idea that what you are saying is gambling.The real advantage I see for Raptor Duck is that he is coming from a higher priced region to a lower and he guarantees that he benefits from this by buying a cheaper house…not a bigger and equally or more expensive one.There is no gamble involved with that, he becomes finacially more secure. As he said though, we all march to a different drummer.
Raptorduck,
I forget if you got the admonition to rent that most would be SD buyers get when they post here. Maybe that could come up again with your new resolution to wait a while? I know you have a big family and all…just food for thought. You could capitalize on selling while the selling is good where you are at, by coming to cheaper market, and by buying after more depreciation.There was a man who used to post here , in a situation very similiar to yours,family, fairly “well to do” and he did that. He said he is renting a killer house in La Jolla for around 6k. His psuedonym was “Cyphire” if you want to try to find some of his posts.
Participantbsrsharma,
You may be right but I can’t get over the idea that what you are saying is gambling.The real advantage I see for Raptor Duck is that he is coming from a higher priced region to a lower and he guarantees that he benefits from this by buying a cheaper house…not a bigger and equally or more expensive one.There is no gamble involved with that, he becomes finacially more secure. As he said though, we all march to a different drummer.
Raptorduck,
I forget if you got the admonition to rent that most would be SD buyers get when they post here. Maybe that could come up again with your new resolution to wait a while? I know you have a big family and all…just food for thought. You could capitalize on selling while the selling is good where you are at, by coming to cheaper market, and by buying after more depreciation.There was a man who used to post here , in a situation very similiar to yours,family, fairly “well to do” and he did that. He said he is renting a killer house in La Jolla for around 6k. His psuedonym was “Cyphire” if you want to try to find some of his posts.
Participantbsrsharma,
You may be right but I can’t get over the idea that what you are saying is gambling.The real advantage I see for Raptor Duck is that he is coming from a higher priced region to a lower and he guarantees that he benefits from this by buying a cheaper house…not a bigger and equally or more expensive one.There is no gamble involved with that, he becomes finacially more secure. As he said though, we all march to a different drummer.
Raptorduck,
I forget if you got the admonition to rent that most would be SD buyers get when they post here. Maybe that could come up again with your new resolution to wait a while? I know you have a big family and all…just food for thought. You could capitalize on selling while the selling is good where you are at, by coming to cheaper market, and by buying after more depreciation.There was a man who used to post here , in a situation very similiar to yours,family, fairly “well to do” and he did that. He said he is renting a killer house in La Jolla for around 6k. His psuedonym was “Cyphire” if you want to try to find some of his posts.
Participant“Well, we all march to the beat of our own drummers.”
Can’t argue with that one.
“but yea, at first I can pay just over 20% down at the top of my range and 50% down on the low end. Indeed, there are a couple of houses we like on the low end.”
I am glad you are waiting. I am glad Alex is waiting too.I think if it wasn’t for us piggs, and his getting priced out, he would have screwed himself.
Please send your agent flowers and my condolences.
Participant“Well, we all march to the beat of our own drummers.”
Can’t argue with that one.
“but yea, at first I can pay just over 20% down at the top of my range and 50% down on the low end. Indeed, there are a couple of houses we like on the low end.”
I am glad you are waiting. I am glad Alex is waiting too.I think if it wasn’t for us piggs, and his getting priced out, he would have screwed himself.
Please send your agent flowers and my condolences.
Participant“Well, we all march to the beat of our own drummers.”
Can’t argue with that one.
“but yea, at first I can pay just over 20% down at the top of my range and 50% down on the low end. Indeed, there are a couple of houses we like on the low end.”
I am glad you are waiting. I am glad Alex is waiting too.I think if it wasn’t for us piggs, and his getting priced out, he would have screwed himself.
Please send your agent flowers and my condolences.
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