[Raybyrnes]

I think people have different appetitie for risk and games. I reallocated 50% of my 401k portfolio into cash after the rate cut and will try to reenter at a point down the line

[Raybyrnes]

I think people have different appetitie for risk and games. I reallocated 50% of my 401k portfolio into cash after the rate cut and will try to reenter at a point down the line

[Raybyrnes]

Seems you bought at the right time. I would struggle to give up that tax base in a state like CA that caps the increases. Over the long haul that going to provide you with a nice margin of safety as a rental unit.

I am looking at rentals and it is hard for a young family to rent their unit out when they over paid and the old timer next door is 200 to 300$ a month lower and is still cash flow positive.

[Raybyrnes]

Seems you bought at the right time. I would struggle to give up that tax base in a state like CA that caps the increases. Over the long haul that going to provide you with a nice margin of safety as a rental unit.

I am looking at rentals and it is hard for a young family to rent their unit out when they over paid and the old timer next door is 200 to 300$ a month lower and is still cash flow positive.

[Raybyrnes]

Seems you bought at the right time. I would struggle to give up that tax base in a state like CA that caps the increases. Over the long haul that going to provide you with a nice margin of safety as a rental unit.

I am looking at rentals and it is hard for a young family to rent their unit out when they over paid and the old timer next door is 200 to 300$ a month lower and is still cash flow positive.

[Raybyrnes]

Seems you bought at the right time. I would struggle to give up that tax base in a state like CA that caps the increases. Over the long haul that going to provide you with a nice margin of safety as a rental unit.

I am looking at rentals and it is hard for a young family to rent their unit out when they over paid and the old timer next door is 200 to 300$ a month lower and is still cash flow positive.

[Raybyrnes]

Seems you bought at the right time. I would struggle to give up that tax base in a state like CA that caps the increases. Over the long haul that going to provide you with a nice margin of safety as a rental unit.

I am looking at rentals and it is hard for a young family to rent their unit out when they over paid and the old timer next door is 200 to 300$ a month lower and is still cash flow positive.

[Raybyrnes]

Maybe they bought their first home and found it was the best investment they ever made.

My parents keep telling me about how hey bought at the top of the market and 30 years later they are happy they bought when they did. They hate the idea of paying rent and just can’t get around the fact that they see it as throwing money away.

I have to tame them down with the same line of questioning. Are you a banker? No. Are you a CPA? No. Are you real estate professionals? No. So how are you qualified to make a credible reccomendation on the buy or rent decision? PAUSE “It worked for us.” Not all people can accept that times have changed.

[Raybyrnes]

Maybe they bought their first home and found it was the best investment they ever made.

My parents keep telling me about how hey bought at the top of the market and 30 years later they are happy they bought when they did. They hate the idea of paying rent and just can’t get around the fact that they see it as throwing money away.

I have to tame them down with the same line of questioning. Are you a banker? No. Are you a CPA? No. Are you real estate professionals? No. So how are you qualified to make a credible reccomendation on the buy or rent decision? PAUSE “It worked for us.” Not all people can accept that times have changed.

[Raybyrnes]

Maybe they bought their first home and found it was the best investment they ever made.

My parents keep telling me about how hey bought at the top of the market and 30 years later they are happy they bought when they did. They hate the idea of paying rent and just can’t get around the fact that they see it as throwing money away.

I have to tame them down with the same line of questioning. Are you a banker? No. Are you a CPA? No. Are you real estate professionals? No. So how are you qualified to make a credible reccomendation on the buy or rent decision? PAUSE “It worked for us.” Not all people can accept that times have changed.

[Raybyrnes]

Maybe they bought their first home and found it was the best investment they ever made.

My parents keep telling me about how hey bought at the top of the market and 30 years later they are happy they bought when they did. They hate the idea of paying rent and just can’t get around the fact that they see it as throwing money away.

I have to tame them down with the same line of questioning. Are you a banker? No. Are you a CPA? No. Are you real estate professionals? No. So how are you qualified to make a credible reccomendation on the buy or rent decision? PAUSE “It worked for us.” Not all people can accept that times have changed.

[Raybyrnes]

In New York you would have to go through SONYMA. The income only matters at the time of qualificaiton. It is a great program for a person with a good job but is now going abck to grad school. There income is artificially low during this period of time so they would qualify as low income earners. Once they come out of school their income typically rises dramatically and they now have a residence and a low cost loan program. I beleive one of the other benefit is that they don’t include federal student loan debt into the formula.

[Raybyrnes]

In New York you would have to go through SONYMA. The income only matters at the time of qualificaiton. It is a great program for a person with a good job but is now going abck to grad school. There income is artificially low during this period of time so they would qualify as low income earners. Once they come out of school their income typically rises dramatically and they now have a residence and a low cost loan program. I beleive one of the other benefit is that they don’t include federal student loan debt into the formula.

[Raybyrnes]

In New York you would have to go through SONYMA. The income only matters at the time of qualificaiton. It is a great program for a person with a good job but is now going abck to grad school. There income is artificially low during this period of time so they would qualify as low income earners. Once they come out of school their income typically rises dramatically and they now have a residence and a low cost loan program. I beleive one of the other benefit is that they don’t include federal student loan debt into the formula.

[Raybyrnes]

kev374
10 year is a loooooooooooong time. Long time to wait to get started saving in a Roth IRA aswell. Run the numbers on starting a Roth IRA at the age of 25 vs waiting until you are 35. A little bit now goes a long way later. Think you are sort of missing this. Additionally time value of money say that a payment in 40 year will be equivalent to a car payment today. Money has a declining value. Just giving you the facts. You can play aroudn wiht the calculations.

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