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November 23, 2009 at 5:59 PM in reply to: New: When does it make financial sense to dump my house? #485910
patb
ParticipantWhat you are asking is the Inverse of the Rent or Own
question.In this case Sell or Stay.
The Harvard MBA says “Run a discounted cash flow,
estimate your sales price today, in 12 months, in 36
and 60 months.” compare the cash flows.
Go with what’s best.If you think the cash flows are going to continue
to suffer, get out. Why not, the banks did it to you,
all you are doing is socializing your loss.in 2-5 years your credit will be fine. Just make sure
you have a lease lined up before you bail.November 23, 2009 at 5:59 PM in reply to: New: When does it make financial sense to dump my house? #486078ParticipantWhat you are asking is the Inverse of the Rent or Own
question.In this case Sell or Stay.
The Harvard MBA says “Run a discounted cash flow,
estimate your sales price today, in 12 months, in 36
and 60 months.” compare the cash flows.
Go with what’s best.If you think the cash flows are going to continue
to suffer, get out. Why not, the banks did it to you,
all you are doing is socializing your loss.in 2-5 years your credit will be fine. Just make sure
you have a lease lined up before you bail.November 23, 2009 at 5:59 PM in reply to: New: When does it make financial sense to dump my house? #486451ParticipantWhat you are asking is the Inverse of the Rent or Own
question.In this case Sell or Stay.
The Harvard MBA says “Run a discounted cash flow,
estimate your sales price today, in 12 months, in 36
and 60 months.” compare the cash flows.
Go with what’s best.If you think the cash flows are going to continue
to suffer, get out. Why not, the banks did it to you,
all you are doing is socializing your loss.in 2-5 years your credit will be fine. Just make sure
you have a lease lined up before you bail.November 23, 2009 at 5:59 PM in reply to: New: When does it make financial sense to dump my house? #486537ParticipantWhat you are asking is the Inverse of the Rent or Own
question.In this case Sell or Stay.
The Harvard MBA says “Run a discounted cash flow,
estimate your sales price today, in 12 months, in 36
and 60 months.” compare the cash flows.
Go with what’s best.If you think the cash flows are going to continue
to suffer, get out. Why not, the banks did it to you,
all you are doing is socializing your loss.in 2-5 years your credit will be fine. Just make sure
you have a lease lined up before you bail.November 23, 2009 at 5:59 PM in reply to: New: When does it make financial sense to dump my house? #486767ParticipantWhat you are asking is the Inverse of the Rent or Own
question.In this case Sell or Stay.
The Harvard MBA says “Run a discounted cash flow,
estimate your sales price today, in 12 months, in 36
and 60 months.” compare the cash flows.
Go with what’s best.If you think the cash flows are going to continue
to suffer, get out. Why not, the banks did it to you,
all you are doing is socializing your loss.in 2-5 years your credit will be fine. Just make sure
you have a lease lined up before you bail.Participant[quote=SellingMyHome][quote=Russell] Most Realtors are going to be excessively inclined to being milk toasty about how stupid and greedy FB’s are(even if you were neither). They need to ingratiate themselves with potential short-sellers. So, you could say they are humoring you and maybe you are humoring yourself too.[/quote]
I’m not trying to humor myself, I’m weighing my decision now as a business decision. I’m still not fully decided.[/quote]
you wanted a house you couldn’t afford.
look Wall Street is writing down trillions, you can too.
Just don’t wrap yourself in libertarianism later.
Your writeoff will be absorbed by the taxpayers
who will pay for your greed.Participant[quote=SellingMyHome][quote=Russell] Most Realtors are going to be excessively inclined to being milk toasty about how stupid and greedy FB’s are(even if you were neither). They need to ingratiate themselves with potential short-sellers. So, you could say they are humoring you and maybe you are humoring yourself too.[/quote]
I’m not trying to humor myself, I’m weighing my decision now as a business decision. I’m still not fully decided.[/quote]
you wanted a house you couldn’t afford.
look Wall Street is writing down trillions, you can too.
Just don’t wrap yourself in libertarianism later.
Your writeoff will be absorbed by the taxpayers
who will pay for your greed.Participant[quote=SellingMyHome][quote=Russell] Most Realtors are going to be excessively inclined to being milk toasty about how stupid and greedy FB’s are(even if you were neither). They need to ingratiate themselves with potential short-sellers. So, you could say they are humoring you and maybe you are humoring yourself too.[/quote]
I’m not trying to humor myself, I’m weighing my decision now as a business decision. I’m still not fully decided.[/quote]
you wanted a house you couldn’t afford.
look Wall Street is writing down trillions, you can too.
Just don’t wrap yourself in libertarianism later.
Your writeoff will be absorbed by the taxpayers
who will pay for your greed.Participant[quote=SellingMyHome][quote=Russell] Most Realtors are going to be excessively inclined to being milk toasty about how stupid and greedy FB’s are(even if you were neither). They need to ingratiate themselves with potential short-sellers. So, you could say they are humoring you and maybe you are humoring yourself too.[/quote]
I’m not trying to humor myself, I’m weighing my decision now as a business decision. I’m still not fully decided.[/quote]
you wanted a house you couldn’t afford.
look Wall Street is writing down trillions, you can too.
Just don’t wrap yourself in libertarianism later.
Your writeoff will be absorbed by the taxpayers
who will pay for your greed.Participant[quote=SellingMyHome][quote=Russell] Most Realtors are going to be excessively inclined to being milk toasty about how stupid and greedy FB’s are(even if you were neither). They need to ingratiate themselves with potential short-sellers. So, you could say they are humoring you and maybe you are humoring yourself too.[/quote]
I’m not trying to humor myself, I’m weighing my decision now as a business decision. I’m still not fully decided.[/quote]
you wanted a house you couldn’t afford.
look Wall Street is writing down trillions, you can too.
Just don’t wrap yourself in libertarianism later.
Your writeoff will be absorbed by the taxpayers
who will pay for your greed.Participant[quote=CA renter]From the article:
A few weeks ago, Congress extended the higher lending limits for another year. Representative Barney Frank, the Massachusetts Democrat who is chairman of the House Financial Services Committee, said in an interview that he planned to introduce legislation next year raising the maximum F.H.A. loan by $100,000, to $839,750.
His bill would make the new limits permanent.
——————–
As everyone knows, I’m pretty liberal, but Barney Frank, Chris Dodd, and Chuck Schumer need to go. This is just a short list, BTW; many others need to go as well — both Democrats and Republicans.[/quote]
think we can sponsor a primary challenge
against Barney Frank?Participant[quote=CA renter]From the article:
A few weeks ago, Congress extended the higher lending limits for another year. Representative Barney Frank, the Massachusetts Democrat who is chairman of the House Financial Services Committee, said in an interview that he planned to introduce legislation next year raising the maximum F.H.A. loan by $100,000, to $839,750.
His bill would make the new limits permanent.
——————–
As everyone knows, I’m pretty liberal, but Barney Frank, Chris Dodd, and Chuck Schumer need to go. This is just a short list, BTW; many others need to go as well — both Democrats and Republicans.[/quote]
think we can sponsor a primary challenge
against Barney Frank?Participant[quote=CA renter]From the article:
A few weeks ago, Congress extended the higher lending limits for another year. Representative Barney Frank, the Massachusetts Democrat who is chairman of the House Financial Services Committee, said in an interview that he planned to introduce legislation next year raising the maximum F.H.A. loan by $100,000, to $839,750.
His bill would make the new limits permanent.
——————–
As everyone knows, I’m pretty liberal, but Barney Frank, Chris Dodd, and Chuck Schumer need to go. This is just a short list, BTW; many others need to go as well — both Democrats and Republicans.[/quote]
think we can sponsor a primary challenge
against Barney Frank?Participant[quote=CA renter]From the article:
A few weeks ago, Congress extended the higher lending limits for another year. Representative Barney Frank, the Massachusetts Democrat who is chairman of the House Financial Services Committee, said in an interview that he planned to introduce legislation next year raising the maximum F.H.A. loan by $100,000, to $839,750.
His bill would make the new limits permanent.
——————–
As everyone knows, I’m pretty liberal, but Barney Frank, Chris Dodd, and Chuck Schumer need to go. This is just a short list, BTW; many others need to go as well — both Democrats and Republicans.[/quote]
think we can sponsor a primary challenge
against Barney Frank? -
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