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Yeah, its like that post running around FB right now.

We whine and complain about how bad 2020 is – and it’s not pleasant that’s for sure – but think about someone living 1900-1950.

They went through WWI. Then the 1918 epidemic as soon as that ended. Then the Great Depression. Then the Dust Bowl (which affected a wider area than most think). Then WW2. Those decades included many riots on topics such as unionization and race (see 1921 Tulsa race riots).

Throw in polio, TB, and a few other unpleasantries and 2020 pales in comparison.

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[quote=CA renter]
Multiple people I know who have lived under dictatorships have all expressed a growing fear of what’s coming. They all think that the virus (and the response) and riots seem synthetic and planned. I grew up with a mother who lived under two dictatorial regimes, and she warned about these very things. The lockdowns were a dry run. IMHO, we are in seriously dangerous territory right now. People better wake up.
[/quote]

So I’m confused, reading the clip above and the rest of the post I’m quoting (I shortened it for brevity).

On the one hand, you imply that we are heading towards a dictatorship. If that is the case, I would assume you are saying Trump would be the dictator. He’s the one trying to pre-emptively declare the election invalid.

On the other hand, you speak of the Democrats staging a coup.

Is it the Democrats or the Republicans you think have went over the edge?

Personally, I think the pandemic and the protests are related. The pandemic was accidental in the Chinese open markets, but when people had oodles of idle time at home, they had time to protest the practices of the police…if it hadn’t been for the home idle time, many of those police events may have gone unnoticed.

[svelte]

I heard about that. Not sure what the point is as they’ve already run the pipes to that general area. Seems more costly to add the fake tips.

Perhaps to keep the soot off the rear fascia?

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[quote=Andrew32]
That’s obviously true from a theory standpoint but who would wait around for 2012-2015 to come around again when prices (and rates were relatively low) for either an investment or Owner/occupy property. It likely won’t for a long time.[/quote]

There probably aren’t a lot of people who wait, but the bottom line is still the same: a buyer can only qualify for a payment so big. If interest rates are high that will mean the monthly amount that goes towards paying off the house will be smaller…meaning they will have to buy a lower priced house than if the interest rate were lower.

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I think what Josh was trying to say (though I could be wrong) is a theory I’ve had for some time:

People can afford a max payment of X.

If you buy when interest rates are high, that depresses home prices because they still have to fit under max payment X.

If you buy when interest rates are low, that tends to increase sales prices because there is more room under max payment X.

Therefore, you’re better off to buy when rates are high (lower purchase price) then refi once interest rates drop.

You can always change your interest rate, but once you buy the purchase price can never be changed.

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[quote=scaredyclassic]

Its hard to make $ in pain. Not everything must be leveraged or make $.

Maybe its best to just sit in a paid off house and let the equity be[/quote]

I have factored this into my decisions also. My next trip to the doctor he could tell me that thing I thought was minor is instead terminal. Or disabling and I can’t work any more.

If either of those things happen our income and therefore spend rate will go way down. We’ll survive, but we’d have to tighten our belts a bit.

I’d rather be debt free and not have to worry about money…just focus on the health problem and getting better.

It is funny how much my line of thinking has changed in the last five years.

Another thing I discovered: old folks don’t get crotchety because they are envious of younger folks (as I thought when i was young and stupid)…they get crotchety because they get tired of watching each generation make the same stupid mistakes. So many of the problems in this world are self-inflicted. That gets tiring to watch after awhile.

It reminds me of one of my favorite T-shirts in my closet: Bold letters: HISTORY Small letters: Don’t make me repeat myself

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.

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[quote=sdrealtor]

I want it paid off. This will help me do it faster.[/quote]

I’m with you brother. I’m too close to payoff to refi.

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[quote=scaredyclassic]However, anec dotally, i know a few tightly wound guys who died soon after retiring. Like tension was holding them together.[/quote]

Or they worked until they couldn’t work anymore so they quit their job in their final days.

There are a couple of guys at work, my age, who are doing that right now. They got hit with a bad health condition all of the sudden and tried to keep working to beat the problem, but eventually gave up because it was affecting their work noticeably. Their few retirement days will now be spent in rapid decline. So sad.

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[quote=scaredyclassic]im not sure i can see a future where having no mortgage is the smart move for anyone with some other assets and income. [/quote]

that doesn’t sound like a scaredy cat…has this site affected your outlook?

I’m at the age where I just want to pay off everything and cruise into retirement. I’m paying down my cars, my mortgage, electricity is now free. I don’t have any kids to support, my wife lets me do whatever the f I want when I want to do it. What else could I ask for?

I can now look forward to retirement in a few years where all I do is pay my various taxes, my insurance, buy a bit of food and live worry free. I’ll sleep when i want, eat when I want, get intoxicated when I want, travel when I want, answer to no one.

The day is coming up fast and I am ready.

[svelte]

Physical labor still is a normal thing!

Though technology has replaced some of it, there are still manual laborers aplenty in this country.

I watch some of the handyman youtube channels sometimes and they say handyman wages are going through the roof due to the lack of people going into that field. A couple of them say they make six figures a year.

Re vintage clothing. When my father died a couple of years ago, I snagged a few vintage things from his wardrobe. He still had the coat he wore when he worked at a gas station in the 1950s in Nebraska…has a big company patch on it “Quality Oil”. Very neat, I’ll never get rid of it. It is a very heavy coat so it must’ve been cold in Nebraska. I also inherited his 1950s high school letterman jacket. Unfortunately it has not held up as well as the gas station coat as the leather is severely cracked. I went over it with Bickmore Leather Conditioner a couple of times to save what I can, but it just stabilized it and it is still too far gone to wear.

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That’s fabulous sd. Never would have believed we’d see rates like this.

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never even knew they existed until now.

I have to tell you, I’m skeptical about its leak detection capability. And if it detects one, then what? it could be anywhere…even your yard valves.

The one good thing I can see is detecting a leak and auto-shutting off while on vacation – that does worry me every time we leave town. But giving it a quick few min thought – I could simply shut off the water valve right before we drive away and get the same result…except I guess the yard would not get watered.

This is very timely as our water regulator went out this week. I have never had that happen before and due to my lack of experience with it did not recognize the symptoms. They are burned in my brain now! Water pressure slowly getting worse? Check your regulator. Loud knocking in the wall when you turn on certain faucets? Check your regulator.

A several hundred dollar fix by the way.

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[quote=sdrealtor][quote=ltsddd]
Or how about the guy in San Diego who went from renter to owning multiple rentals in a span of a year or two. He was featured in the SD Union Tribune. I remember reading the articles about them and thought to myself, why wasn’t I as “smart” as they were. Just curious how it ended for them.[/quote]

Not sure if you are referencing them but a couple young guys were featured in the UT after opening a century 21 Brokerage in San Marcos. They got crushed though The main guy was able to hold onto some properties for several years avoiding foreclosure. Eventually he lost them but he lived mortgage free for years.[/quote]

Probably not who you’re talking about, but there was that kid (early 20s?) from Sacramento who drank the kool aid and bought rentals all over the country. I don’t think he owned more than 10 but it ended very poorly…if I’m not mistaken he used no-doc loans to get them. He started the website “iamfacingforeclosure” and when all the properties were gone he changed his name and went into real estate. His original name was Casey Serin.

https://en.wikipedia.org/wiki/Casey_Serin

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[quote=The-Shoveler]It’s never perfect but I would say in my life I would have never done or experienced half the things I have over the last 25 years had it not been for my wife.

My life would have just been less.[/quote]

+1

[quote=scaredyclassic]
“Marriage is our last, best chance to grow up” -Joseph Barth

Growing up may however be overrated
[/quote]

+1

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