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UCGal
ParticipantAs someone working on their late 40’s also, I see the world opposite than you.
My grandparents NEVER owned. They always had very nice townhouse style apartments back east. When they retired to San Diego they rented in a very nice part of north PB. It was great. Until the complex they’d lived in for 18 years condo-converted. My grandmother was forced to move under circumstances not of her choosing. It was a serious blow to her, emotionally. She ended up having to move 2 more times, in her 70’s.
That’s not how I want to spend my 70’s… I have a 15 year loan and only have 9 years left on it. My financial planning for retirement and for my kids college mandates that I get my biggest bill – the mortgage – paid off. (My kids are young despite my age – retirement and college will be concurrent expenses.)
I also like my house and don’t plan on moving. Soon it will be paid for. How sweet is that!
But I’m in the minority on this board, I think. I don’t look at my house as an investment that I expect to see a return on. Because I plan to live in it till I go to the old age home or die. What do I care if it is worth more or less. It’s a roof over my head that serves my needs well. It’s shelter.
ParticipantAs someone working on their late 40’s also, I see the world opposite than you.
My grandparents NEVER owned. They always had very nice townhouse style apartments back east. When they retired to San Diego they rented in a very nice part of north PB. It was great. Until the complex they’d lived in for 18 years condo-converted. My grandmother was forced to move under circumstances not of her choosing. It was a serious blow to her, emotionally. She ended up having to move 2 more times, in her 70’s.
That’s not how I want to spend my 70’s… I have a 15 year loan and only have 9 years left on it. My financial planning for retirement and for my kids college mandates that I get my biggest bill – the mortgage – paid off. (My kids are young despite my age – retirement and college will be concurrent expenses.)
I also like my house and don’t plan on moving. Soon it will be paid for. How sweet is that!
But I’m in the minority on this board, I think. I don’t look at my house as an investment that I expect to see a return on. Because I plan to live in it till I go to the old age home or die. What do I care if it is worth more or less. It’s a roof over my head that serves my needs well. It’s shelter.
May 11, 2009 at 1:19 PM in reply to: You too can now live rent/mortgage free (or at least rent reduced) :)… #396618ParticipantSo for the people who bought nice “stuff” with the profits made from their HELOC/refi cash-outs before getting foreclosed – a perfect way to make that stuff work for them.
May 11, 2009 at 1:19 PM in reply to: You too can now live rent/mortgage free (or at least rent reduced) :)… #396870ParticipantSo for the people who bought nice “stuff” with the profits made from their HELOC/refi cash-outs before getting foreclosed – a perfect way to make that stuff work for them.
May 11, 2009 at 1:19 PM in reply to: You too can now live rent/mortgage free (or at least rent reduced) :)… #397092ParticipantSo for the people who bought nice “stuff” with the profits made from their HELOC/refi cash-outs before getting foreclosed – a perfect way to make that stuff work for them.
May 11, 2009 at 1:19 PM in reply to: You too can now live rent/mortgage free (or at least rent reduced) :)… #397151ParticipantSo for the people who bought nice “stuff” with the profits made from their HELOC/refi cash-outs before getting foreclosed – a perfect way to make that stuff work for them.
May 11, 2009 at 1:19 PM in reply to: You too can now live rent/mortgage free (or at least rent reduced) :)… #397295ParticipantSo for the people who bought nice “stuff” with the profits made from their HELOC/refi cash-outs before getting foreclosed – a perfect way to make that stuff work for them.
ParticipantWe’ve had good luck with Kenmore… Sears doesn’t manufacture them – but they do insist on an amount of quality. Our fridge is LG, for example, behind the kenmore label. (We buy LG water filters for it.)
The tip on the sears outlet down on Sherman (off of Morena, near the 5/8 interchange) is a good one.
And I’m a HUGE fan of the french door fridge. We can fit ANYTHING in it. I love the efficiency of the bottom drawer freezer also.
ParticipantWe’ve had good luck with Kenmore… Sears doesn’t manufacture them – but they do insist on an amount of quality. Our fridge is LG, for example, behind the kenmore label. (We buy LG water filters for it.)
The tip on the sears outlet down on Sherman (off of Morena, near the 5/8 interchange) is a good one.
And I’m a HUGE fan of the french door fridge. We can fit ANYTHING in it. I love the efficiency of the bottom drawer freezer also.
ParticipantWe’ve had good luck with Kenmore… Sears doesn’t manufacture them – but they do insist on an amount of quality. Our fridge is LG, for example, behind the kenmore label. (We buy LG water filters for it.)
The tip on the sears outlet down on Sherman (off of Morena, near the 5/8 interchange) is a good one.
And I’m a HUGE fan of the french door fridge. We can fit ANYTHING in it. I love the efficiency of the bottom drawer freezer also.
ParticipantWe’ve had good luck with Kenmore… Sears doesn’t manufacture them – but they do insist on an amount of quality. Our fridge is LG, for example, behind the kenmore label. (We buy LG water filters for it.)
The tip on the sears outlet down on Sherman (off of Morena, near the 5/8 interchange) is a good one.
And I’m a HUGE fan of the french door fridge. We can fit ANYTHING in it. I love the efficiency of the bottom drawer freezer also.
ParticipantWe’ve had good luck with Kenmore… Sears doesn’t manufacture them – but they do insist on an amount of quality. Our fridge is LG, for example, behind the kenmore label. (We buy LG water filters for it.)
The tip on the sears outlet down on Sherman (off of Morena, near the 5/8 interchange) is a good one.
And I’m a HUGE fan of the french door fridge. We can fit ANYTHING in it. I love the efficiency of the bottom drawer freezer also.
ParticipantSomething to note about the job loss number reported today… via Barry Ritholtz
Private-sector employment fell by 611,000; the differential between NFP and private sector employment is primarily new hires for the 2010 Census;
http://www.ritholtz.com/blog/2009/05/looking-more-closely-at-the-good-bfp-data/
Sounds like a good way to improve the official estimate of NFP numbers for April… hire a bunch of public sector, low wage, census workers.
ParticipantSomething to note about the job loss number reported today… via Barry Ritholtz
Private-sector employment fell by 611,000; the differential between NFP and private sector employment is primarily new hires for the 2010 Census;
http://www.ritholtz.com/blog/2009/05/looking-more-closely-at-the-good-bfp-data/
Sounds like a good way to improve the official estimate of NFP numbers for April… hire a bunch of public sector, low wage, census workers.
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