[Raybyrnes]

Rustico

“Regardless of the weaknesses in my approach, I did feel more empowered going to wamu and not allowing the loan originator to pull my credit.”

Hate to break this to you but the banker you wer sitting across from has your credit score. They get them on weekly basis. Banking systems are tied to the strength of your credit and the promotions offered by the tellers pop up based upon that information.

I would saythat the best tool form manageing your credit is the Wamu credit card and http://www.annualcreditreport.com. Wamu gives you your credit score and annual creditreport.com allows you to see the aging of your accounts.

How is this helpful.If you see that in January of 2006 you applied for 6 credit card offers, you know that they are on your report for 2 years and you are currently sitting at 710 credit than it would make sense to try and wait until February before applying for credit when those account and inquiries ahve aged past the 2 year mark.

There is a lot of other good information in there aswell.

[Raybyrnes]

Rustico

“Regardless of the weaknesses in my approach, I did feel more empowered going to wamu and not allowing the loan originator to pull my credit.”

Hate to break this to you but the banker you wer sitting across from has your credit score. They get them on weekly basis. Banking systems are tied to the strength of your credit and the promotions offered by the tellers pop up based upon that information.

I would saythat the best tool form manageing your credit is the Wamu credit card and http://www.annualcreditreport.com. Wamu gives you your credit score and annual creditreport.com allows you to see the aging of your accounts.

How is this helpful.If you see that in January of 2006 you applied for 6 credit card offers, you know that they are on your report for 2 years and you are currently sitting at 710 credit than it would make sense to try and wait until February before applying for credit when those account and inquiries ahve aged past the 2 year mark.

There is a lot of other good information in there aswell.

[Raybyrnes]

Rustico

“Regardless of the weaknesses in my approach, I did feel more empowered going to wamu and not allowing the loan originator to pull my credit.”

Hate to break this to you but the banker you wer sitting across from has your credit score. They get them on weekly basis. Banking systems are tied to the strength of your credit and the promotions offered by the tellers pop up based upon that information.

I would saythat the best tool form manageing your credit is the Wamu credit card and http://www.annualcreditreport.com. Wamu gives you your credit score and annual creditreport.com allows you to see the aging of your accounts.

How is this helpful.If you see that in January of 2006 you applied for 6 credit card offers, you know that they are on your report for 2 years and you are currently sitting at 710 credit than it would make sense to try and wait until February before applying for credit when those account and inquiries ahve aged past the 2 year mark.

There is a lot of other good information in there aswell.

[Raybyrnes]

Rustico

“Regardless of the weaknesses in my approach, I did feel more empowered going to wamu and not allowing the loan originator to pull my credit.”

Hate to break this to you but the banker you wer sitting across from has your credit score. They get them on weekly basis. Banking systems are tied to the strength of your credit and the promotions offered by the tellers pop up based upon that information.

I would saythat the best tool form manageing your credit is the Wamu credit card and http://www.annualcreditreport.com. Wamu gives you your credit score and annual creditreport.com allows you to see the aging of your accounts.

How is this helpful.If you see that in January of 2006 you applied for 6 credit card offers, you know that they are on your report for 2 years and you are currently sitting at 710 credit than it would make sense to try and wait until February before applying for credit when those account and inquiries ahve aged past the 2 year mark.

There is a lot of other good information in there aswell.

[Raybyrnes]

Rustico

“Regardless of the weaknesses in my approach, I did feel more empowered going to wamu and not allowing the loan originator to pull my credit.”

Hate to break this to you but the banker you wer sitting across from has your credit score. They get them on weekly basis. Banking systems are tied to the strength of your credit and the promotions offered by the tellers pop up based upon that information.

I would saythat the best tool form manageing your credit is the Wamu credit card and http://www.annualcreditreport.com. Wamu gives you your credit score and annual creditreport.com allows you to see the aging of your accounts.

How is this helpful.If you see that in January of 2006 you applied for 6 credit card offers, you know that they are on your report for 2 years and you are currently sitting at 710 credit than it would make sense to try and wait until February before applying for credit when those account and inquiries ahve aged past the 2 year mark.

There is a lot of other good information in there aswell.

[Raybyrnes]

I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.

If you had the financial resources to buy 1 home every year for cash and planned on doing this every year you would have a very good chance of coming out ahead. Does anyone here believe home values will be worth less in 20 years thhan they are today.

Throw out a timeline. 5 years? 10 years? I know I can’t say for sure.

I do know that If I had a 250+ Household Income I would probably have a closer eye on buying just because moving is time consuming and expensive. Additioanlly when you move people want to refurnish and a host of other bulls*#$.

One final note is that while ther have been a number of sectors in the market that have had outstanding returns (Emerging markets) over the past couple of years there are many that you would have lost your shirt (financials). Not everyone is great at manageing this.

A house is somewhere that you live. That is something that people understand. It is not seen as an investment.

[Raybyrnes]

I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.

If you had the financial resources to buy 1 home every year for cash and planned on doing this every year you would have a very good chance of coming out ahead. Does anyone here believe home values will be worth less in 20 years thhan they are today.

Throw out a timeline. 5 years? 10 years? I know I can’t say for sure.

I do know that If I had a 250+ Household Income I would probably have a closer eye on buying just because moving is time consuming and expensive. Additioanlly when you move people want to refurnish and a host of other bulls*#$.

One final note is that while ther have been a number of sectors in the market that have had outstanding returns (Emerging markets) over the past couple of years there are many that you would have lost your shirt (financials). Not everyone is great at manageing this.

A house is somewhere that you live. That is something that people understand. It is not seen as an investment.

[Raybyrnes]

I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.

If you had the financial resources to buy 1 home every year for cash and planned on doing this every year you would have a very good chance of coming out ahead. Does anyone here believe home values will be worth less in 20 years thhan they are today.

Throw out a timeline. 5 years? 10 years? I know I can’t say for sure.

I do know that If I had a 250+ Household Income I would probably have a closer eye on buying just because moving is time consuming and expensive. Additioanlly when you move people want to refurnish and a host of other bulls*#$.

One final note is that while ther have been a number of sectors in the market that have had outstanding returns (Emerging markets) over the past couple of years there are many that you would have lost your shirt (financials). Not everyone is great at manageing this.

A house is somewhere that you live. That is something that people understand. It is not seen as an investment.

[Raybyrnes]

I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.

If you had the financial resources to buy 1 home every year for cash and planned on doing this every year you would have a very good chance of coming out ahead. Does anyone here believe home values will be worth less in 20 years thhan they are today.

Throw out a timeline. 5 years? 10 years? I know I can’t say for sure.

I do know that If I had a 250+ Household Income I would probably have a closer eye on buying just because moving is time consuming and expensive. Additioanlly when you move people want to refurnish and a host of other bulls*#$.

One final note is that while ther have been a number of sectors in the market that have had outstanding returns (Emerging markets) over the past couple of years there are many that you would have lost your shirt (financials). Not everyone is great at manageing this.

A house is somewhere that you live. That is something that people understand. It is not seen as an investment.

[Raybyrnes]

I don’t think that was the content of his post. His content was that you can’t time market top nor can you time market bottom.

If you had the financial resources to buy 1 home every year for cash and planned on doing this every year you would have a very good chance of coming out ahead. Does anyone here believe home values will be worth less in 20 years thhan they are today.

Throw out a timeline. 5 years? 10 years? I know I can’t say for sure.

I do know that If I had a 250+ Household Income I would probably have a closer eye on buying just because moving is time consuming and expensive. Additioanlly when you move people want to refurnish and a host of other bulls*#$.

One final note is that while ther have been a number of sectors in the market that have had outstanding returns (Emerging markets) over the past couple of years there are many that you would have lost your shirt (financials). Not everyone is great at manageing this.

A house is somewhere that you live. That is something that people understand. It is not seen as an investment.

[Raybyrnes]

I cqan appreciate where you are coming form but I fugure the 3 hours a year aI spend on this stuff earns me about 1000 or more. That’s a pretty good hourly rate.

Additionally I never see credit cards as sinking me into debt. Think you miss what I am stating. Regarless if I pay cash or credit I have to eat and have a number of other expenses that will never disappear. I just choose to use credit to pay now but simultaneouly but the same dollar amount in a bank account. I don’t see how I am actually in debt. I just have access to more cash. 1 dollar in the bank and 1 dollar owed is still 0. The difference for me is that the dollarin the bank pays me 5% the dollar owed currently costs me 0.

Over time this strategy affords me a vacation, or big screen TV etc.

I’ll readily admit that I cut coupons from the Sunday paper on itemms that I wouold normally buy aswell. Minimum monthly saving of 125$ a month. Again not something everyone would want to do but certainly adds up over time.

[Raybyrnes]

I cqan appreciate where you are coming form but I fugure the 3 hours a year aI spend on this stuff earns me about 1000 or more. That’s a pretty good hourly rate.

Additionally I never see credit cards as sinking me into debt. Think you miss what I am stating. Regarless if I pay cash or credit I have to eat and have a number of other expenses that will never disappear. I just choose to use credit to pay now but simultaneouly but the same dollar amount in a bank account. I don’t see how I am actually in debt. I just have access to more cash. 1 dollar in the bank and 1 dollar owed is still 0. The difference for me is that the dollarin the bank pays me 5% the dollar owed currently costs me 0.

Over time this strategy affords me a vacation, or big screen TV etc.

I’ll readily admit that I cut coupons from the Sunday paper on itemms that I wouold normally buy aswell. Minimum monthly saving of 125$ a month. Again not something everyone would want to do but certainly adds up over time.

[Raybyrnes]

I cqan appreciate where you are coming form but I fugure the 3 hours a year aI spend on this stuff earns me about 1000 or more. That’s a pretty good hourly rate.

Additionally I never see credit cards as sinking me into debt. Think you miss what I am stating. Regarless if I pay cash or credit I have to eat and have a number of other expenses that will never disappear. I just choose to use credit to pay now but simultaneouly but the same dollar amount in a bank account. I don’t see how I am actually in debt. I just have access to more cash. 1 dollar in the bank and 1 dollar owed is still 0. The difference for me is that the dollarin the bank pays me 5% the dollar owed currently costs me 0.

Over time this strategy affords me a vacation, or big screen TV etc.

I’ll readily admit that I cut coupons from the Sunday paper on itemms that I wouold normally buy aswell. Minimum monthly saving of 125$ a month. Again not something everyone would want to do but certainly adds up over time.

[Raybyrnes]

I cqan appreciate where you are coming form but I fugure the 3 hours a year aI spend on this stuff earns me about 1000 or more. That’s a pretty good hourly rate.

Additionally I never see credit cards as sinking me into debt. Think you miss what I am stating. Regarless if I pay cash or credit I have to eat and have a number of other expenses that will never disappear. I just choose to use credit to pay now but simultaneouly but the same dollar amount in a bank account. I don’t see how I am actually in debt. I just have access to more cash. 1 dollar in the bank and 1 dollar owed is still 0. The difference for me is that the dollarin the bank pays me 5% the dollar owed currently costs me 0.

Over time this strategy affords me a vacation, or big screen TV etc.

I’ll readily admit that I cut coupons from the Sunday paper on itemms that I wouold normally buy aswell. Minimum monthly saving of 125$ a month. Again not something everyone would want to do but certainly adds up over time.

[Raybyrnes]

I cqan appreciate where you are coming form but I fugure the 3 hours a year aI spend on this stuff earns me about 1000 or more. That’s a pretty good hourly rate.

Additionally I never see credit cards as sinking me into debt. Think you miss what I am stating. Regarless if I pay cash or credit I have to eat and have a number of other expenses that will never disappear. I just choose to use credit to pay now but simultaneouly but the same dollar amount in a bank account. I don’t see how I am actually in debt. I just have access to more cash. 1 dollar in the bank and 1 dollar owed is still 0. The difference for me is that the dollarin the bank pays me 5% the dollar owed currently costs me 0.

Over time this strategy affords me a vacation, or big screen TV etc.

I’ll readily admit that I cut coupons from the Sunday paper on itemms that I wouold normally buy aswell. Minimum monthly saving of 125$ a month. Again not something everyone would want to do but certainly adds up over time.

[Author]

Posts