[temeculaguy]

4plex, maybe, good points, you are probably right but then again R/E was both about buying and selling, the crazy loans were also about buying and selling (as in people buying the MBS’ behind the loans) but it wasn’t as public, more institutional. It’s not exactly the same, just similar, maybe I’m being too bubble sensitive since the latest one is still fresh in my mind. I’ve always liked the metals, little 1 oz silver bars were my first investment as a teenager, I’m sentimental about them, but I realize that I am and try not to overdo it. I was just thinking out loud because the very same people who jump from bubble to bubble have jumped into gold. In fact when that friend approached me about the gold party, I thought is was going to be about mon-a-vie, boot camp fitness franchises, amway or whatever get rich quick thing that they usually dive into, once they said gold, I thought to myself, “I may need to check and see what investments I have that are related to gold and get rid of them.”

Matt, no need to recap your answer, I just visited your site and realized you have already adressed this. Nice writing style, props!

http://steadfastfinances.com/2009/10/09/10-reasons-why-investing-in-gold-is-a-bad-idea/

[temeculaguy]

4plex, maybe, good points, you are probably right but then again R/E was both about buying and selling, the crazy loans were also about buying and selling (as in people buying the MBS’ behind the loans) but it wasn’t as public, more institutional. It’s not exactly the same, just similar, maybe I’m being too bubble sensitive since the latest one is still fresh in my mind. I’ve always liked the metals, little 1 oz silver bars were my first investment as a teenager, I’m sentimental about them, but I realize that I am and try not to overdo it. I was just thinking out loud because the very same people who jump from bubble to bubble have jumped into gold. In fact when that friend approached me about the gold party, I thought is was going to be about mon-a-vie, boot camp fitness franchises, amway or whatever get rich quick thing that they usually dive into, once they said gold, I thought to myself, “I may need to check and see what investments I have that are related to gold and get rid of them.”

Matt, no need to recap your answer, I just visited your site and realized you have already adressed this. Nice writing style, props!

http://steadfastfinances.com/2009/10/09/10-reasons-why-investing-in-gold-is-a-bad-idea/

[temeculaguy]

4plex, maybe, good points, you are probably right but then again R/E was both about buying and selling, the crazy loans were also about buying and selling (as in people buying the MBS’ behind the loans) but it wasn’t as public, more institutional. It’s not exactly the same, just similar, maybe I’m being too bubble sensitive since the latest one is still fresh in my mind. I’ve always liked the metals, little 1 oz silver bars were my first investment as a teenager, I’m sentimental about them, but I realize that I am and try not to overdo it. I was just thinking out loud because the very same people who jump from bubble to bubble have jumped into gold. In fact when that friend approached me about the gold party, I thought is was going to be about mon-a-vie, boot camp fitness franchises, amway or whatever get rich quick thing that they usually dive into, once they said gold, I thought to myself, “I may need to check and see what investments I have that are related to gold and get rid of them.”

Matt, no need to recap your answer, I just visited your site and realized you have already adressed this. Nice writing style, props!

http://steadfastfinances.com/2009/10/09/10-reasons-why-investing-in-gold-is-a-bad-idea/

[temeculaguy]

4plex, maybe, good points, you are probably right but then again R/E was both about buying and selling, the crazy loans were also about buying and selling (as in people buying the MBS’ behind the loans) but it wasn’t as public, more institutional. It’s not exactly the same, just similar, maybe I’m being too bubble sensitive since the latest one is still fresh in my mind. I’ve always liked the metals, little 1 oz silver bars were my first investment as a teenager, I’m sentimental about them, but I realize that I am and try not to overdo it. I was just thinking out loud because the very same people who jump from bubble to bubble have jumped into gold. In fact when that friend approached me about the gold party, I thought is was going to be about mon-a-vie, boot camp fitness franchises, amway or whatever get rich quick thing that they usually dive into, once they said gold, I thought to myself, “I may need to check and see what investments I have that are related to gold and get rid of them.”

Matt, no need to recap your answer, I just visited your site and realized you have already adressed this. Nice writing style, props!

http://steadfastfinances.com/2009/10/09/10-reasons-why-investing-in-gold-is-a-bad-idea/

[temeculaguy]

Matt, do you think gold has entered bubble territory? I haven’t studied it but there are three warning signs that I have seen, none of them are mathematical.

1. It has replaced Real Estate/Mortgage in advertising for both selling and places that will buy your gold.

2. It has replaced R/E as a watercooler discussion topic.

3. The same people that I know who were flippers and annual refi toxic loan people are now having these “tupperware” type home parties where you bring your unwanted gold jewelry and sell it, the housewife hostess gets a kickback for hosting the parties.

The third one is the most important to me, I have a number of friends who I have known for a decades, they are my canary in a coalmine, they fall for every bubble and dive in deeply. Whatever they get into is cause for suspicion as they seem to be bubble magnets. Now that they have turned to gold, my spidey sense is acute. Once every other housewife became a realtor, the end was nigh, now that every other housewife has become a gold broker, I’m thinking the game is over.

What say you?

[temeculaguy]

Matt, do you think gold has entered bubble territory? I haven’t studied it but there are three warning signs that I have seen, none of them are mathematical.

1. It has replaced Real Estate/Mortgage in advertising for both selling and places that will buy your gold.

2. It has replaced R/E as a watercooler discussion topic.

3. The same people that I know who were flippers and annual refi toxic loan people are now having these “tupperware” type home parties where you bring your unwanted gold jewelry and sell it, the housewife hostess gets a kickback for hosting the parties.

The third one is the most important to me, I have a number of friends who I have known for a decades, they are my canary in a coalmine, they fall for every bubble and dive in deeply. Whatever they get into is cause for suspicion as they seem to be bubble magnets. Now that they have turned to gold, my spidey sense is acute. Once every other housewife became a realtor, the end was nigh, now that every other housewife has become a gold broker, I’m thinking the game is over.

What say you?

[temeculaguy]

Matt, do you think gold has entered bubble territory? I haven’t studied it but there are three warning signs that I have seen, none of them are mathematical.

1. It has replaced Real Estate/Mortgage in advertising for both selling and places that will buy your gold.

2. It has replaced R/E as a watercooler discussion topic.

3. The same people that I know who were flippers and annual refi toxic loan people are now having these “tupperware” type home parties where you bring your unwanted gold jewelry and sell it, the housewife hostess gets a kickback for hosting the parties.

The third one is the most important to me, I have a number of friends who I have known for a decades, they are my canary in a coalmine, they fall for every bubble and dive in deeply. Whatever they get into is cause for suspicion as they seem to be bubble magnets. Now that they have turned to gold, my spidey sense is acute. Once every other housewife became a realtor, the end was nigh, now that every other housewife has become a gold broker, I’m thinking the game is over.

What say you?

[temeculaguy]

Matt, do you think gold has entered bubble territory? I haven’t studied it but there are three warning signs that I have seen, none of them are mathematical.

1. It has replaced Real Estate/Mortgage in advertising for both selling and places that will buy your gold.

2. It has replaced R/E as a watercooler discussion topic.

3. The same people that I know who were flippers and annual refi toxic loan people are now having these “tupperware” type home parties where you bring your unwanted gold jewelry and sell it, the housewife hostess gets a kickback for hosting the parties.

The third one is the most important to me, I have a number of friends who I have known for a decades, they are my canary in a coalmine, they fall for every bubble and dive in deeply. Whatever they get into is cause for suspicion as they seem to be bubble magnets. Now that they have turned to gold, my spidey sense is acute. Once every other housewife became a realtor, the end was nigh, now that every other housewife has become a gold broker, I’m thinking the game is over.

What say you?

[temeculaguy]

Matt, do you think gold has entered bubble territory? I haven’t studied it but there are three warning signs that I have seen, none of them are mathematical.

1. It has replaced Real Estate/Mortgage in advertising for both selling and places that will buy your gold.

2. It has replaced R/E as a watercooler discussion topic.

3. The same people that I know who were flippers and annual refi toxic loan people are now having these “tupperware” type home parties where you bring your unwanted gold jewelry and sell it, the housewife hostess gets a kickback for hosting the parties.

The third one is the most important to me, I have a number of friends who I have known for a decades, they are my canary in a coalmine, they fall for every bubble and dive in deeply. Whatever they get into is cause for suspicion as they seem to be bubble magnets. Now that they have turned to gold, my spidey sense is acute. Once every other housewife became a realtor, the end was nigh, now that every other housewife has become a gold broker, I’m thinking the game is over.

What say you?

[temeculaguy]

If you were going to stay 20 years and could easily afford it, I’d say “what the hell, do what makes you happy.” But your reasoning reminds me of a particular poster, he went by the name of “23109.”

We all know how that turned out. Search older threads, he was the first person I told to not to buy a house, you are second. I’m not being egocentric, just trying to give you some perspective, I don’t usually tell people they are making a mistake, but I think you are and i think my opinion, nor anyone else’s really matters. Without prying too much, is it you, or is it the wife that wants to buy and you are rationalizing it. Sometimes telling them “no” causes a few nights on the couch but ends up with years in the bed, always succumbing to their wishes can cause the opposite.

If you want affirmation, you aren’t likely to get it, not because of the purchase but because of your length of stay. The posters here couldn’t agree on how to pick up hundred dollar bills off the ground, what does it tell you that all of them think you shouldn’t implement your plan?

We tried, do us a favor, in two years, when you come back asking about how long you should be able to stay before they forclose, or why you shouldn’t still keep paying because the bank fooled you into an interest only loan that has reset to a higher rate, make up a new screen name. It’s better for everyone.

[temeculaguy]

If you were going to stay 20 years and could easily afford it, I’d say “what the hell, do what makes you happy.” But your reasoning reminds me of a particular poster, he went by the name of “23109.”

We all know how that turned out. Search older threads, he was the first person I told to not to buy a house, you are second. I’m not being egocentric, just trying to give you some perspective, I don’t usually tell people they are making a mistake, but I think you are and i think my opinion, nor anyone else’s really matters. Without prying too much, is it you, or is it the wife that wants to buy and you are rationalizing it. Sometimes telling them “no” causes a few nights on the couch but ends up with years in the bed, always succumbing to their wishes can cause the opposite.

If you want affirmation, you aren’t likely to get it, not because of the purchase but because of your length of stay. The posters here couldn’t agree on how to pick up hundred dollar bills off the ground, what does it tell you that all of them think you shouldn’t implement your plan?

We tried, do us a favor, in two years, when you come back asking about how long you should be able to stay before they forclose, or why you shouldn’t still keep paying because the bank fooled you into an interest only loan that has reset to a higher rate, make up a new screen name. It’s better for everyone.

[temeculaguy]

If you were going to stay 20 years and could easily afford it, I’d say “what the hell, do what makes you happy.” But your reasoning reminds me of a particular poster, he went by the name of “23109.”

We all know how that turned out. Search older threads, he was the first person I told to not to buy a house, you are second. I’m not being egocentric, just trying to give you some perspective, I don’t usually tell people they are making a mistake, but I think you are and i think my opinion, nor anyone else’s really matters. Without prying too much, is it you, or is it the wife that wants to buy and you are rationalizing it. Sometimes telling them “no” causes a few nights on the couch but ends up with years in the bed, always succumbing to their wishes can cause the opposite.

If you want affirmation, you aren’t likely to get it, not because of the purchase but because of your length of stay. The posters here couldn’t agree on how to pick up hundred dollar bills off the ground, what does it tell you that all of them think you shouldn’t implement your plan?

We tried, do us a favor, in two years, when you come back asking about how long you should be able to stay before they forclose, or why you shouldn’t still keep paying because the bank fooled you into an interest only loan that has reset to a higher rate, make up a new screen name. It’s better for everyone.

[temeculaguy]

If you were going to stay 20 years and could easily afford it, I’d say “what the hell, do what makes you happy.” But your reasoning reminds me of a particular poster, he went by the name of “23109.”

We all know how that turned out. Search older threads, he was the first person I told to not to buy a house, you are second. I’m not being egocentric, just trying to give you some perspective, I don’t usually tell people they are making a mistake, but I think you are and i think my opinion, nor anyone else’s really matters. Without prying too much, is it you, or is it the wife that wants to buy and you are rationalizing it. Sometimes telling them “no” causes a few nights on the couch but ends up with years in the bed, always succumbing to their wishes can cause the opposite.

If you want affirmation, you aren’t likely to get it, not because of the purchase but because of your length of stay. The posters here couldn’t agree on how to pick up hundred dollar bills off the ground, what does it tell you that all of them think you shouldn’t implement your plan?

We tried, do us a favor, in two years, when you come back asking about how long you should be able to stay before they forclose, or why you shouldn’t still keep paying because the bank fooled you into an interest only loan that has reset to a higher rate, make up a new screen name. It’s better for everyone.

[temeculaguy]

If you were going to stay 20 years and could easily afford it, I’d say “what the hell, do what makes you happy.” But your reasoning reminds me of a particular poster, he went by the name of “23109.”

We all know how that turned out. Search older threads, he was the first person I told to not to buy a house, you are second. I’m not being egocentric, just trying to give you some perspective, I don’t usually tell people they are making a mistake, but I think you are and i think my opinion, nor anyone else’s really matters. Without prying too much, is it you, or is it the wife that wants to buy and you are rationalizing it. Sometimes telling them “no” causes a few nights on the couch but ends up with years in the bed, always succumbing to their wishes can cause the opposite.

If you want affirmation, you aren’t likely to get it, not because of the purchase but because of your length of stay. The posters here couldn’t agree on how to pick up hundred dollar bills off the ground, what does it tell you that all of them think you shouldn’t implement your plan?

We tried, do us a favor, in two years, when you come back asking about how long you should be able to stay before they forclose, or why you shouldn’t still keep paying because the bank fooled you into an interest only loan that has reset to a higher rate, make up a new screen name. It’s better for everyone.

[temeculaguy]

paramount, I wasn’t speaking about me specifically, but as a member of a group that most of us fall into. It’s O.K., we all know you hate me. You think I’m not who I represent myself to be. Over 20 pigs know me in real life, most of them active posters, some for a very long time, long before piggington. I will be glad to have a beer with you to convince you, we live only 2 miles apart, if obama can call a beer summit, I can pick up the tab for a few at killarneys on some random weeknight. We’ve got at least 10 locals on the board, maybe the beer summit should include a the rest of the rancho cal mafia, and maybe I need protection.

I’m just kidding with you about the hate, but I can gurantee that the dos equis guy has got nothing on me, he lives vicariously through me.

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