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Raybyrnes
ParticipantProbably like your friends I would prefer the 2 family place as a launching point but would settle on a townhome in a great school district once the kids are of middle school age.
We did an excercise as part of my MBA program that initially framed a scenario for a winemaker to make all of one type of wine or all of the other ans asked which way to go.
Funny but ther were a few in the class that argued that perhaps there was a third alternative. Rather than choosing betwen the scenarios why not proprtion the grapes to make both wines.
Learned a lot form this exercise from the simple standpoint that there can often times be different objectives. For some such as the JWM’s of this board in might be profit maximization. Try and time the market. Might be righ or might be wrong. For otehrs it might simply be to lower the amoutn of risk. Buy it when you can, create forced savings, pay it off as fast as you can, live debt free. But there can also be hybrids or the scenarios.
Most of the posts here throw up so many blanket statements without considering that objectives can be different. Therefore the desired outcome can be obtained in different ways.
ParticipantProbably like your friends I would prefer the 2 family place as a launching point but would settle on a townhome in a great school district once the kids are of middle school age.
We did an excercise as part of my MBA program that initially framed a scenario for a winemaker to make all of one type of wine or all of the other ans asked which way to go.
Funny but ther were a few in the class that argued that perhaps there was a third alternative. Rather than choosing betwen the scenarios why not proprtion the grapes to make both wines.
Learned a lot form this exercise from the simple standpoint that there can often times be different objectives. For some such as the JWM’s of this board in might be profit maximization. Try and time the market. Might be righ or might be wrong. For otehrs it might simply be to lower the amoutn of risk. Buy it when you can, create forced savings, pay it off as fast as you can, live debt free. But there can also be hybrids or the scenarios.
Most of the posts here throw up so many blanket statements without considering that objectives can be different. Therefore the desired outcome can be obtained in different ways.
ParticipantProbably like your friends I would prefer the 2 family place as a launching point but would settle on a townhome in a great school district once the kids are of middle school age.
We did an excercise as part of my MBA program that initially framed a scenario for a winemaker to make all of one type of wine or all of the other ans asked which way to go.
Funny but ther were a few in the class that argued that perhaps there was a third alternative. Rather than choosing betwen the scenarios why not proprtion the grapes to make both wines.
Learned a lot form this exercise from the simple standpoint that there can often times be different objectives. For some such as the JWM’s of this board in might be profit maximization. Try and time the market. Might be righ or might be wrong. For otehrs it might simply be to lower the amoutn of risk. Buy it when you can, create forced savings, pay it off as fast as you can, live debt free. But there can also be hybrids or the scenarios.
Most of the posts here throw up so many blanket statements without considering that objectives can be different. Therefore the desired outcome can be obtained in different ways.
ParticipantProbably like your friends I would prefer the 2 family place as a launching point but would settle on a townhome in a great school district once the kids are of middle school age.
We did an excercise as part of my MBA program that initially framed a scenario for a winemaker to make all of one type of wine or all of the other ans asked which way to go.
Funny but ther were a few in the class that argued that perhaps there was a third alternative. Rather than choosing betwen the scenarios why not proprtion the grapes to make both wines.
Learned a lot form this exercise from the simple standpoint that there can often times be different objectives. For some such as the JWM’s of this board in might be profit maximization. Try and time the market. Might be righ or might be wrong. For otehrs it might simply be to lower the amoutn of risk. Buy it when you can, create forced savings, pay it off as fast as you can, live debt free. But there can also be hybrids or the scenarios.
Most of the posts here throw up so many blanket statements without considering that objectives can be different. Therefore the desired outcome can be obtained in different ways.
ParticipantIt will be interesting to test the hypothesis that Normal Heights and Carmel Valley are regionally different so discounts will be different. I would guess that if La Boheme was getting a 25% reduction then The Heights might yield a 10% reduction. I would not think the discounts will be as dramatic. In financial terms I believe the Beta is different in the 2 areas. But this is jsut my 2 cents.
ParticipantIt will be interesting to test the hypothesis that Normal Heights and Carmel Valley are regionally different so discounts will be different. I would guess that if La Boheme was getting a 25% reduction then The Heights might yield a 10% reduction. I would not think the discounts will be as dramatic. In financial terms I believe the Beta is different in the 2 areas. But this is jsut my 2 cents.
ParticipantIt will be interesting to test the hypothesis that Normal Heights and Carmel Valley are regionally different so discounts will be different. I would guess that if La Boheme was getting a 25% reduction then The Heights might yield a 10% reduction. I would not think the discounts will be as dramatic. In financial terms I believe the Beta is different in the 2 areas. But this is jsut my 2 cents.
ParticipantIt will be interesting to test the hypothesis that Normal Heights and Carmel Valley are regionally different so discounts will be different. I would guess that if La Boheme was getting a 25% reduction then The Heights might yield a 10% reduction. I would not think the discounts will be as dramatic. In financial terms I believe the Beta is different in the 2 areas. But this is jsut my 2 cents.
ParticipantIt will be interesting to test the hypothesis that Normal Heights and Carmel Valley are regionally different so discounts will be different. I would guess that if La Boheme was getting a 25% reduction then The Heights might yield a 10% reduction. I would not think the discounts will be as dramatic. In financial terms I believe the Beta is different in the 2 areas. But this is jsut my 2 cents.
ParticipantRustico,
In responce to your post and for many of those who ask why would someone making 200K buy a cheap house. It would make more sense to think of the purchase as a perpetuity. Why wouldn’t a young family buy something well within their means use it for 4 or 5 years and then buy a new place and use the old place as a rental.
My folks are on the east coast. Wouldn’t it make sense to buy something within my means and then if my parents get to a point that they want to move closer to the family have a place waiting for them with the flexibility of buying a larger place down the line.
God forbid during that 5 to 7 year period something wer to happen to the primary earner they are well within their comfort level without hving to pay hefty life, and disability premiums over that period of time.
ParticipantRustico,
In responce to your post and for many of those who ask why would someone making 200K buy a cheap house. It would make more sense to think of the purchase as a perpetuity. Why wouldn’t a young family buy something well within their means use it for 4 or 5 years and then buy a new place and use the old place as a rental.
My folks are on the east coast. Wouldn’t it make sense to buy something within my means and then if my parents get to a point that they want to move closer to the family have a place waiting for them with the flexibility of buying a larger place down the line.
God forbid during that 5 to 7 year period something wer to happen to the primary earner they are well within their comfort level without hving to pay hefty life, and disability premiums over that period of time.
ParticipantRustico,
In responce to your post and for many of those who ask why would someone making 200K buy a cheap house. It would make more sense to think of the purchase as a perpetuity. Why wouldn’t a young family buy something well within their means use it for 4 or 5 years and then buy a new place and use the old place as a rental.
My folks are on the east coast. Wouldn’t it make sense to buy something within my means and then if my parents get to a point that they want to move closer to the family have a place waiting for them with the flexibility of buying a larger place down the line.
God forbid during that 5 to 7 year period something wer to happen to the primary earner they are well within their comfort level without hving to pay hefty life, and disability premiums over that period of time.
ParticipantRustico,
In responce to your post and for many of those who ask why would someone making 200K buy a cheap house. It would make more sense to think of the purchase as a perpetuity. Why wouldn’t a young family buy something well within their means use it for 4 or 5 years and then buy a new place and use the old place as a rental.
My folks are on the east coast. Wouldn’t it make sense to buy something within my means and then if my parents get to a point that they want to move closer to the family have a place waiting for them with the flexibility of buying a larger place down the line.
God forbid during that 5 to 7 year period something wer to happen to the primary earner they are well within their comfort level without hving to pay hefty life, and disability premiums over that period of time.
ParticipantRustico,
In responce to your post and for many of those who ask why would someone making 200K buy a cheap house. It would make more sense to think of the purchase as a perpetuity. Why wouldn’t a young family buy something well within their means use it for 4 or 5 years and then buy a new place and use the old place as a rental.
My folks are on the east coast. Wouldn’t it make sense to buy something within my means and then if my parents get to a point that they want to move closer to the family have a place waiting for them with the flexibility of buying a larger place down the line.
God forbid during that 5 to 7 year period something wer to happen to the primary earner they are well within their comfort level without hving to pay hefty life, and disability premiums over that period of time.
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