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patientrenter
Participantscaredy,
You and I share some traits. I’ll give some examples. I have been to counseling for my spending, at my then girlfriend’s urging. I could feel myself being pushed to agree to spend more – by buying a house – and I angrily rejected the whole counseling project.
I hate spending large amounts. When I do, I research it for a long time to get the best quality item at a good deal. I have been looking at property since 1975. I have looked for the right reclining chair at the right price since before 1990. I bought my first audio equipment in the 1990’s, after postponing my first purchase in the 1970’s because a friend had told me about the research being done into CD technology that would make cassette tapes obsolete. The list goes on and on.. and on.
After many decades, how do I manage? I budget for big purchases at levels I know are very reasonable, and then I don’t mind spending the money. For example, my budget for a home is 10% of my net worth. I can live with that, even if the market value of the home plunges to zero. I budget for my car by setting aside 1% of my annual net income, and buy a new one every 10 years with the savings that build up.
This way, I cater to my need for caution, but I do actually buy things (eventually).
Best of luck. Keep us updated.
Participantscaredy,
You and I share some traits. I’ll give some examples. I have been to counseling for my spending, at my then girlfriend’s urging. I could feel myself being pushed to agree to spend more – by buying a house – and I angrily rejected the whole counseling project.
I hate spending large amounts. When I do, I research it for a long time to get the best quality item at a good deal. I have been looking at property since 1975. I have looked for the right reclining chair at the right price since before 1990. I bought my first audio equipment in the 1990’s, after postponing my first purchase in the 1970’s because a friend had told me about the research being done into CD technology that would make cassette tapes obsolete. The list goes on and on.. and on.
After many decades, how do I manage? I budget for big purchases at levels I know are very reasonable, and then I don’t mind spending the money. For example, my budget for a home is 10% of my net worth. I can live with that, even if the market value of the home plunges to zero. I budget for my car by setting aside 1% of my annual net income, and buy a new one every 10 years with the savings that build up.
This way, I cater to my need for caution, but I do actually buy things (eventually).
Best of luck. Keep us updated.
Participantscaredy,
You and I share some traits. I’ll give some examples. I have been to counseling for my spending, at my then girlfriend’s urging. I could feel myself being pushed to agree to spend more – by buying a house – and I angrily rejected the whole counseling project.
I hate spending large amounts. When I do, I research it for a long time to get the best quality item at a good deal. I have been looking at property since 1975. I have looked for the right reclining chair at the right price since before 1990. I bought my first audio equipment in the 1990’s, after postponing my first purchase in the 1970’s because a friend had told me about the research being done into CD technology that would make cassette tapes obsolete. The list goes on and on.. and on.
After many decades, how do I manage? I budget for big purchases at levels I know are very reasonable, and then I don’t mind spending the money. For example, my budget for a home is 10% of my net worth. I can live with that, even if the market value of the home plunges to zero. I budget for my car by setting aside 1% of my annual net income, and buy a new one every 10 years with the savings that build up.
This way, I cater to my need for caution, but I do actually buy things (eventually).
Best of luck. Keep us updated.
Participant[quote=permabear]
Combined with the Fed’s blatantly overt efforts to completely debase our currency, it makes me wonder why my family bothers trying to practice fiscal prudence at all. We live in a modest house, nowhere near the max we can afford, and save 30% of our income for the future (college/retirement)….[/quote]
In the US of 2010, your behavior qualifies you as a full-fledged moron. I qualify too. What a country!
Participant[quote=permabear]
Combined with the Fed’s blatantly overt efforts to completely debase our currency, it makes me wonder why my family bothers trying to practice fiscal prudence at all. We live in a modest house, nowhere near the max we can afford, and save 30% of our income for the future (college/retirement)….[/quote]
In the US of 2010, your behavior qualifies you as a full-fledged moron. I qualify too. What a country!
Participant[quote=permabear]
Combined with the Fed’s blatantly overt efforts to completely debase our currency, it makes me wonder why my family bothers trying to practice fiscal prudence at all. We live in a modest house, nowhere near the max we can afford, and save 30% of our income for the future (college/retirement)….[/quote]
In the US of 2010, your behavior qualifies you as a full-fledged moron. I qualify too. What a country!
Participant[quote=permabear]
Combined with the Fed’s blatantly overt efforts to completely debase our currency, it makes me wonder why my family bothers trying to practice fiscal prudence at all. We live in a modest house, nowhere near the max we can afford, and save 30% of our income for the future (college/retirement)….[/quote]
In the US of 2010, your behavior qualifies you as a full-fledged moron. I qualify too. What a country!
Participant[quote=permabear]
Combined with the Fed’s blatantly overt efforts to completely debase our currency, it makes me wonder why my family bothers trying to practice fiscal prudence at all. We live in a modest house, nowhere near the max we can afford, and save 30% of our income for the future (college/retirement)….[/quote]
In the US of 2010, your behavior qualifies you as a full-fledged moron. I qualify too. What a country!
Participant[quote=jpinpb]…..
I don’t think there’s enough jail space for everyone.[/quote]No, but I’d be real happy to see the first 500,000 in jail. Let out the small time drug users if there’s a space issue.
Think of it as an investment that would pay handsome dividends for decades.
Participant[quote=jpinpb]…..
I don’t think there’s enough jail space for everyone.[/quote]No, but I’d be real happy to see the first 500,000 in jail. Let out the small time drug users if there’s a space issue.
Think of it as an investment that would pay handsome dividends for decades.
Participant[quote=jpinpb]…..
I don’t think there’s enough jail space for everyone.[/quote]No, but I’d be real happy to see the first 500,000 in jail. Let out the small time drug users if there’s a space issue.
Think of it as an investment that would pay handsome dividends for decades.
Participant[quote=jpinpb]…..
I don’t think there’s enough jail space for everyone.[/quote]No, but I’d be real happy to see the first 500,000 in jail. Let out the small time drug users if there’s a space issue.
Think of it as an investment that would pay handsome dividends for decades.
Participant[quote=jpinpb]…..
I don’t think there’s enough jail space for everyone.[/quote]No, but I’d be real happy to see the first 500,000 in jail. Let out the small time drug users if there’s a space issue.
Think of it as an investment that would pay handsome dividends for decades.
Participant“I know lots of people on this forum are waiting for houses to drop another 30-40% so they can get them at rock-bottom prices. Be careful what you wish for. If that were to happen, there would likely be riots in the streets and major police action.”
The last RRE price peak was the highest ever, but we still haven’t yet even matched prices at the last trough, after adjusting for inflation. I can’t recall those 1996 RRE riots. Were angry La Jolla homeowners burning their own homes in anger at the low prices? Or were those riots in Coronado?
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