[poorgradstudent]

Looking at Rich’s Finance and Investing articles on the right, at the end of October 2008 he argued the market was priced for good returns.

He was probably right on valuations, but there was still a lot of anxiety, especially as terrible holiday retail numbers came in. Still, if you bought then and held through the huge February dip (or doubled down!) you made a pretty nice 15% or so annual profit.

Rich’s article on the right suggests stocks are overvalued right now. That doesn’t necessarily mean sell, sell, sell right this minute, but I’d be hesitant to buy into the general market: as always there probably are specific bargains to be had for those more savvy and in touch with the economy than myself.

[poorgradstudent]

Looking at Rich’s Finance and Investing articles on the right, at the end of October 2008 he argued the market was priced for good returns.

He was probably right on valuations, but there was still a lot of anxiety, especially as terrible holiday retail numbers came in. Still, if you bought then and held through the huge February dip (or doubled down!) you made a pretty nice 15% or so annual profit.

Rich’s article on the right suggests stocks are overvalued right now. That doesn’t necessarily mean sell, sell, sell right this minute, but I’d be hesitant to buy into the general market: as always there probably are specific bargains to be had for those more savvy and in touch with the economy than myself.

[poorgradstudent]

Looking at Rich’s Finance and Investing articles on the right, at the end of October 2008 he argued the market was priced for good returns.

He was probably right on valuations, but there was still a lot of anxiety, especially as terrible holiday retail numbers came in. Still, if you bought then and held through the huge February dip (or doubled down!) you made a pretty nice 15% or so annual profit.

Rich’s article on the right suggests stocks are overvalued right now. That doesn’t necessarily mean sell, sell, sell right this minute, but I’d be hesitant to buy into the general market: as always there probably are specific bargains to be had for those more savvy and in touch with the economy than myself.

[poorgradstudent]

[quote=UCGal]My best friend had the opposite experience of what’s being stereotyped here. She NEVER wanted kids – still doesn’t. She made no bones about it – was upfront and it was well known to everyone. Her ex-husband wanted kids and kept pushing her. It was a factor in their divorce. It’s not always the woman pushing for kids.[/quote]
Wait, wait, wait. Who gets married without agreeing about kids? Like, that’s a pretty huge issue with regards to marriage, at least for those in their childbearing years.

I realize some people change their minds, but in this case it sounds like they knew they disagreed and got married anyways. Crazy.

[poorgradstudent]

[quote=UCGal]My best friend had the opposite experience of what’s being stereotyped here. She NEVER wanted kids – still doesn’t. She made no bones about it – was upfront and it was well known to everyone. Her ex-husband wanted kids and kept pushing her. It was a factor in their divorce. It’s not always the woman pushing for kids.[/quote]
Wait, wait, wait. Who gets married without agreeing about kids? Like, that’s a pretty huge issue with regards to marriage, at least for those in their childbearing years.

I realize some people change their minds, but in this case it sounds like they knew they disagreed and got married anyways. Crazy.

[poorgradstudent]

[quote=UCGal]My best friend had the opposite experience of what’s being stereotyped here. She NEVER wanted kids – still doesn’t. She made no bones about it – was upfront and it was well known to everyone. Her ex-husband wanted kids and kept pushing her. It was a factor in their divorce. It’s not always the woman pushing for kids.[/quote]
Wait, wait, wait. Who gets married without agreeing about kids? Like, that’s a pretty huge issue with regards to marriage, at least for those in their childbearing years.

I realize some people change their minds, but in this case it sounds like they knew they disagreed and got married anyways. Crazy.

[poorgradstudent]

[quote=UCGal]My best friend had the opposite experience of what’s being stereotyped here. She NEVER wanted kids – still doesn’t. She made no bones about it – was upfront and it was well known to everyone. Her ex-husband wanted kids and kept pushing her. It was a factor in their divorce. It’s not always the woman pushing for kids.[/quote]
Wait, wait, wait. Who gets married without agreeing about kids? Like, that’s a pretty huge issue with regards to marriage, at least for those in their childbearing years.

I realize some people change their minds, but in this case it sounds like they knew they disagreed and got married anyways. Crazy.

[poorgradstudent]

[quote=UCGal]My best friend had the opposite experience of what’s being stereotyped here. She NEVER wanted kids – still doesn’t. She made no bones about it – was upfront and it was well known to everyone. Her ex-husband wanted kids and kept pushing her. It was a factor in their divorce. It’s not always the woman pushing for kids.[/quote]
Wait, wait, wait. Who gets married without agreeing about kids? Like, that’s a pretty huge issue with regards to marriage, at least for those in their childbearing years.

I realize some people change their minds, but in this case it sounds like they knew they disagreed and got married anyways. Crazy.

[poorgradstudent]

A female friend of mine dated a guy who was in his mid-20s, childless, and who had a vasectomy after a girlfriend of his faked a pregnancy. Apparently it wasn’t easy to find a doctor willing to do the procedure. I can understand their thinking, as I have male friends who were convinced they never wanted kids when they were 23 who now are more open to the idea at 29 or 30.

–

Women entering the workforce created the biggest one time boost in American productivity and wealth ever. It indirectly helped fuel our binge on huge homes, gigantic wardrobes, luxury cars and omg shoes! The current American lifestyle demands two incomes. It has its pros and cons. The linked articles’ penultimate paragraph about how there are no more great works of art or science is a laughable joke. The past 40 years have been the most productive scientifically ever. We’re in the golden age of publishing and literature. Information travels the globe at the speed of light.

[poorgradstudent]

A female friend of mine dated a guy who was in his mid-20s, childless, and who had a vasectomy after a girlfriend of his faked a pregnancy. Apparently it wasn’t easy to find a doctor willing to do the procedure. I can understand their thinking, as I have male friends who were convinced they never wanted kids when they were 23 who now are more open to the idea at 29 or 30.

–

Women entering the workforce created the biggest one time boost in American productivity and wealth ever. It indirectly helped fuel our binge on huge homes, gigantic wardrobes, luxury cars and omg shoes! The current American lifestyle demands two incomes. It has its pros and cons. The linked articles’ penultimate paragraph about how there are no more great works of art or science is a laughable joke. The past 40 years have been the most productive scientifically ever. We’re in the golden age of publishing and literature. Information travels the globe at the speed of light.

[poorgradstudent]

A female friend of mine dated a guy who was in his mid-20s, childless, and who had a vasectomy after a girlfriend of his faked a pregnancy. Apparently it wasn’t easy to find a doctor willing to do the procedure. I can understand their thinking, as I have male friends who were convinced they never wanted kids when they were 23 who now are more open to the idea at 29 or 30.

–

Women entering the workforce created the biggest one time boost in American productivity and wealth ever. It indirectly helped fuel our binge on huge homes, gigantic wardrobes, luxury cars and omg shoes! The current American lifestyle demands two incomes. It has its pros and cons. The linked articles’ penultimate paragraph about how there are no more great works of art or science is a laughable joke. The past 40 years have been the most productive scientifically ever. We’re in the golden age of publishing and literature. Information travels the globe at the speed of light.

[poorgradstudent]

A female friend of mine dated a guy who was in his mid-20s, childless, and who had a vasectomy after a girlfriend of his faked a pregnancy. Apparently it wasn’t easy to find a doctor willing to do the procedure. I can understand their thinking, as I have male friends who were convinced they never wanted kids when they were 23 who now are more open to the idea at 29 or 30.

–

Women entering the workforce created the biggest one time boost in American productivity and wealth ever. It indirectly helped fuel our binge on huge homes, gigantic wardrobes, luxury cars and omg shoes! The current American lifestyle demands two incomes. It has its pros and cons. The linked articles’ penultimate paragraph about how there are no more great works of art or science is a laughable joke. The past 40 years have been the most productive scientifically ever. We’re in the golden age of publishing and literature. Information travels the globe at the speed of light.

[poorgradstudent]

A female friend of mine dated a guy who was in his mid-20s, childless, and who had a vasectomy after a girlfriend of his faked a pregnancy. Apparently it wasn’t easy to find a doctor willing to do the procedure. I can understand their thinking, as I have male friends who were convinced they never wanted kids when they were 23 who now are more open to the idea at 29 or 30.

–

Women entering the workforce created the biggest one time boost in American productivity and wealth ever. It indirectly helped fuel our binge on huge homes, gigantic wardrobes, luxury cars and omg shoes! The current American lifestyle demands two incomes. It has its pros and cons. The linked articles’ penultimate paragraph about how there are no more great works of art or science is a laughable joke. The past 40 years have been the most productive scientifically ever. We’re in the golden age of publishing and literature. Information travels the globe at the speed of light.

[poorgradstudent]

Capitalist, free market economies only work when everyone makes rational financial decisions for themselves, ideally within the confines of the law.

When an institution chooses to lend money to an individual, there is a contract that exists between the institution and the individual. Both parties go in knowing the rules of the game and agree how to play. Both accept certain risks. It’s been hammered here in many threads, but when a bad loan is issued, in most cases both the lender and the borrower have at least some fault in the matter.

Borrowing from the bank is not like borrowing from your parents or brother. It is a business transaction, and default is always an option in business. Obviously it isn’t without cost, as that person isn’t going to be able to borrow money for a home again for a very very long time.

As for hurting the rest of us, I actually think at this point if more people walked away from homes they couldn’t afford it might help us all out in the long run (or at least those who would benefit from lower housing prices). More defaults means more inventory for the banks, which means they need to both negotiate more with underwater buyers and unload more of the properties they are holding for lower prices.

[poorgradstudent]

Capitalist, free market economies only work when everyone makes rational financial decisions for themselves, ideally within the confines of the law.

When an institution chooses to lend money to an individual, there is a contract that exists between the institution and the individual. Both parties go in knowing the rules of the game and agree how to play. Both accept certain risks. It’s been hammered here in many threads, but when a bad loan is issued, in most cases both the lender and the borrower have at least some fault in the matter.

Borrowing from the bank is not like borrowing from your parents or brother. It is a business transaction, and default is always an option in business. Obviously it isn’t without cost, as that person isn’t going to be able to borrow money for a home again for a very very long time.

As for hurting the rest of us, I actually think at this point if more people walked away from homes they couldn’t afford it might help us all out in the long run (or at least those who would benefit from lower housing prices). More defaults means more inventory for the banks, which means they need to both negotiate more with underwater buyers and unload more of the properties they are holding for lower prices.

[Author]

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