Forum Replies Created
-
AuthorPosts
-
Raybyrnes
ParticipantNew_Renter
“However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?”
I feel comfortable with this statement but the reality is that there are millions of homeonwers out there. The large majority of them never look at the value of their homes. Most have done extremely well over time. In 10 or 20 years I would tend to think that today buyers would be in a similiar situation.
With respect to paying upwards of 50% of ones income “well that is a bonehead move” buying way to much house.
What strikes me as funny is that over the lst 7 years I have been out here people talk about their homes as good investments at the time of purchase. There is little mention of a home zs an investmetn after the 5 year mark. At that point people are talking about eauity lines and how they want to have a built in fire pit outside etc. The reality is that theme smae people begin to settle in and the house is no longer thought of as an investment.
With respect to the argument that real estate is slwo and predictable. Well I don’t know about anyone else but 2000 to 2005 was qanything but slow and predictable and 2005 to 2007 has been extremely fast to the down side. Maybe otehr feels these are normal vibrations of the market I don’t.
ParticipantNew_Renter
“However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?”
I feel comfortable with this statement but the reality is that there are millions of homeonwers out there. The large majority of them never look at the value of their homes. Most have done extremely well over time. In 10 or 20 years I would tend to think that today buyers would be in a similiar situation.
With respect to paying upwards of 50% of ones income “well that is a bonehead move” buying way to much house.
What strikes me as funny is that over the lst 7 years I have been out here people talk about their homes as good investments at the time of purchase. There is little mention of a home zs an investmetn after the 5 year mark. At that point people are talking about eauity lines and how they want to have a built in fire pit outside etc. The reality is that theme smae people begin to settle in and the house is no longer thought of as an investment.
With respect to the argument that real estate is slwo and predictable. Well I don’t know about anyone else but 2000 to 2005 was qanything but slow and predictable and 2005 to 2007 has been extremely fast to the down side. Maybe otehr feels these are normal vibrations of the market I don’t.
ParticipantNew_Renter
“However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?”
I feel comfortable with this statement but the reality is that there are millions of homeonwers out there. The large majority of them never look at the value of their homes. Most have done extremely well over time. In 10 or 20 years I would tend to think that today buyers would be in a similiar situation.
With respect to paying upwards of 50% of ones income “well that is a bonehead move” buying way to much house.
What strikes me as funny is that over the lst 7 years I have been out here people talk about their homes as good investments at the time of purchase. There is little mention of a home zs an investmetn after the 5 year mark. At that point people are talking about eauity lines and how they want to have a built in fire pit outside etc. The reality is that theme smae people begin to settle in and the house is no longer thought of as an investment.
With respect to the argument that real estate is slwo and predictable. Well I don’t know about anyone else but 2000 to 2005 was qanything but slow and predictable and 2005 to 2007 has been extremely fast to the down side. Maybe otehr feels these are normal vibrations of the market I don’t.
ParticipantNew_Renter
“However, following conventional wisdom or the mass psychology rarely makes one exceptional profits in any bubble-type market, does it?”
I feel comfortable with this statement but the reality is that there are millions of homeonwers out there. The large majority of them never look at the value of their homes. Most have done extremely well over time. In 10 or 20 years I would tend to think that today buyers would be in a similiar situation.
With respect to paying upwards of 50% of ones income “well that is a bonehead move” buying way to much house.
What strikes me as funny is that over the lst 7 years I have been out here people talk about their homes as good investments at the time of purchase. There is little mention of a home zs an investmetn after the 5 year mark. At that point people are talking about eauity lines and how they want to have a built in fire pit outside etc. The reality is that theme smae people begin to settle in and the house is no longer thought of as an investment.
With respect to the argument that real estate is slwo and predictable. Well I don’t know about anyone else but 2000 to 2005 was qanything but slow and predictable and 2005 to 2007 has been extremely fast to the down side. Maybe otehr feels these are normal vibrations of the market I don’t.
ParticipantNew_Renter
OK Donald Trump. Where are you millions if you are so great at timeing real esate. If it is so predictable why isn’t everyone making money doing it. Many had tried and thought the smae way you did and are now losing money.
The reality is that for a small number of people thehome someone purchaes is an investmena and is only that at the time of purchase. 4 or 5 years later it is a home.
Case in point. If the majority of people saw home ownership s an investmetn there would ahve been a mass amount of home selling by people who own there homes outright. Why didn’t that happen. Becaseu they don’t look at there home as an investment.
Look a little outside the box and get out of you own perception of how things should be.
Overeating is bad for you health but people do it. Smoking is known to casue cancer but people smoke, drinking isn’t going to get you anywhere yet people drink. Homeownership is a decent investment for many becaseu it forces them to save when they have a 30 Year fixed rate mortgage.
Should it be an investment. Sure. But if someone make enbough money, buys within their means andis happy where they live and don’t want to move around and get in and out of realestate than homeonwership is not going to be seen a an investment to them. We can agree to disagree.
ParticipantNew_Renter
OK Donald Trump. Where are you millions if you are so great at timeing real esate. If it is so predictable why isn’t everyone making money doing it. Many had tried and thought the smae way you did and are now losing money.
The reality is that for a small number of people thehome someone purchaes is an investmena and is only that at the time of purchase. 4 or 5 years later it is a home.
Case in point. If the majority of people saw home ownership s an investmetn there would ahve been a mass amount of home selling by people who own there homes outright. Why didn’t that happen. Becaseu they don’t look at there home as an investment.
Look a little outside the box and get out of you own perception of how things should be.
Overeating is bad for you health but people do it. Smoking is known to casue cancer but people smoke, drinking isn’t going to get you anywhere yet people drink. Homeownership is a decent investment for many becaseu it forces them to save when they have a 30 Year fixed rate mortgage.
Should it be an investment. Sure. But if someone make enbough money, buys within their means andis happy where they live and don’t want to move around and get in and out of realestate than homeonwership is not going to be seen a an investment to them. We can agree to disagree.
ParticipantNew_Renter
OK Donald Trump. Where are you millions if you are so great at timeing real esate. If it is so predictable why isn’t everyone making money doing it. Many had tried and thought the smae way you did and are now losing money.
The reality is that for a small number of people thehome someone purchaes is an investmena and is only that at the time of purchase. 4 or 5 years later it is a home.
Case in point. If the majority of people saw home ownership s an investmetn there would ahve been a mass amount of home selling by people who own there homes outright. Why didn’t that happen. Becaseu they don’t look at there home as an investment.
Look a little outside the box and get out of you own perception of how things should be.
Overeating is bad for you health but people do it. Smoking is known to casue cancer but people smoke, drinking isn’t going to get you anywhere yet people drink. Homeownership is a decent investment for many becaseu it forces them to save when they have a 30 Year fixed rate mortgage.
Should it be an investment. Sure. But if someone make enbough money, buys within their means andis happy where they live and don’t want to move around and get in and out of realestate than homeonwership is not going to be seen a an investment to them. We can agree to disagree.
ParticipantNew_Renter
OK Donald Trump. Where are you millions if you are so great at timeing real esate. If it is so predictable why isn’t everyone making money doing it. Many had tried and thought the smae way you did and are now losing money.
The reality is that for a small number of people thehome someone purchaes is an investmena and is only that at the time of purchase. 4 or 5 years later it is a home.
Case in point. If the majority of people saw home ownership s an investmetn there would ahve been a mass amount of home selling by people who own there homes outright. Why didn’t that happen. Becaseu they don’t look at there home as an investment.
Look a little outside the box and get out of you own perception of how things should be.
Overeating is bad for you health but people do it. Smoking is known to casue cancer but people smoke, drinking isn’t going to get you anywhere yet people drink. Homeownership is a decent investment for many becaseu it forces them to save when they have a 30 Year fixed rate mortgage.
Should it be an investment. Sure. But if someone make enbough money, buys within their means andis happy where they live and don’t want to move around and get in and out of realestate than homeonwership is not going to be seen a an investment to them. We can agree to disagree.
ParticipantNew_Renter
OK Donald Trump. Where are you millions if you are so great at timeing real esate. If it is so predictable why isn’t everyone making money doing it. Many had tried and thought the smae way you did and are now losing money.
The reality is that for a small number of people thehome someone purchaes is an investmena and is only that at the time of purchase. 4 or 5 years later it is a home.
Case in point. If the majority of people saw home ownership s an investmetn there would ahve been a mass amount of home selling by people who own there homes outright. Why didn’t that happen. Becaseu they don’t look at there home as an investment.
Look a little outside the box and get out of you own perception of how things should be.
Overeating is bad for you health but people do it. Smoking is known to casue cancer but people smoke, drinking isn’t going to get you anywhere yet people drink. Homeownership is a decent investment for many becaseu it forces them to save when they have a 30 Year fixed rate mortgage.
Should it be an investment. Sure. But if someone make enbough money, buys within their means andis happy where they live and don’t want to move around and get in and out of realestate than homeonwership is not going to be seen a an investment to them. We can agree to disagree.
ParticipantSorry,
Thought you had an account there. Wherever you have your banking relationship , they have your credit score. They don’t need the social for that. With that said I am surprised you would walk into a wamu branch without sitting down wiht a banker from your current bank.ParticipantSorry,
Thought you had an account there. Wherever you have your banking relationship , they have your credit score. They don’t need the social for that. With that said I am surprised you would walk into a wamu branch without sitting down wiht a banker from your current bank.ParticipantSorry,
Thought you had an account there. Wherever you have your banking relationship , they have your credit score. They don’t need the social for that. With that said I am surprised you would walk into a wamu branch without sitting down wiht a banker from your current bank.ParticipantSorry,
Thought you had an account there. Wherever you have your banking relationship , they have your credit score. They don’t need the social for that. With that said I am surprised you would walk into a wamu branch without sitting down wiht a banker from your current bank.ParticipantSorry,
Thought you had an account there. Wherever you have your banking relationship , they have your credit score. They don’t need the social for that. With that said I am surprised you would walk into a wamu branch without sitting down wiht a banker from your current bank. -
AuthorPosts
