Forum Replies Created
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underdose
Participant“I am anxious to move into a larger house”
Only one word of caution. I no longer live in SD, chased off by the higher home prices. I moved to Portland and found that I could buy a >3000 sq. ft. house for less than the cost of a closet in SD. Sweet! Until I got the heating bill. Funny thing is that I drive a Prius. I get it that I don’t want to put gas into a guzzling behemoth, but I didn’t make the connection that a large house is comparable to a large car. Since then I’ve downsized. I miss all the storage, but overall it is a much more responsible choice to live more modestly. Perhaps not as much of an issue in the SD area where the climate is more moderate than Oregon, and you may even pull off not running AC or heat all year. But your utility bills and upkeep are still likely to be higher. Just passing on what I’ve learned…
Participant“I am anxious to move into a larger house”
Only one word of caution. I no longer live in SD, chased off by the higher home prices. I moved to Portland and found that I could buy a >3000 sq. ft. house for less than the cost of a closet in SD. Sweet! Until I got the heating bill. Funny thing is that I drive a Prius. I get it that I don’t want to put gas into a guzzling behemoth, but I didn’t make the connection that a large house is comparable to a large car. Since then I’ve downsized. I miss all the storage, but overall it is a much more responsible choice to live more modestly. Perhaps not as much of an issue in the SD area where the climate is more moderate than Oregon, and you may even pull off not running AC or heat all year. But your utility bills and upkeep are still likely to be higher. Just passing on what I’ve learned…
Participant“I am anxious to move into a larger house”
Only one word of caution. I no longer live in SD, chased off by the higher home prices. I moved to Portland and found that I could buy a >3000 sq. ft. house for less than the cost of a closet in SD. Sweet! Until I got the heating bill. Funny thing is that I drive a Prius. I get it that I don’t want to put gas into a guzzling behemoth, but I didn’t make the connection that a large house is comparable to a large car. Since then I’ve downsized. I miss all the storage, but overall it is a much more responsible choice to live more modestly. Perhaps not as much of an issue in the SD area where the climate is more moderate than Oregon, and you may even pull off not running AC or heat all year. But your utility bills and upkeep are still likely to be higher. Just passing on what I’ve learned…
Participant“I am anxious to move into a larger house”
Only one word of caution. I no longer live in SD, chased off by the higher home prices. I moved to Portland and found that I could buy a >3000 sq. ft. house for less than the cost of a closet in SD. Sweet! Until I got the heating bill. Funny thing is that I drive a Prius. I get it that I don’t want to put gas into a guzzling behemoth, but I didn’t make the connection that a large house is comparable to a large car. Since then I’ve downsized. I miss all the storage, but overall it is a much more responsible choice to live more modestly. Perhaps not as much of an issue in the SD area where the climate is more moderate than Oregon, and you may even pull off not running AC or heat all year. But your utility bills and upkeep are still likely to be higher. Just passing on what I’ve learned…
September 25, 2008 at 11:50 PM in reply to: OT: 8 years of Republican rule and all I got was this lousy Depression #275771Participant“Taxes…Whether Democrat or a Republican you will find these statistics enlightening and amazing.”
Doonrookie, you fail to take into account the inflation tax. I’m no fan of Clinton either, but what Bush did was particularly sleezy. Do the politically popular thing of cutting taxes, even dropping rebates from the sky, while deficit spending and debasing the currency. It works to win approval from the unsophisticated. For those of us who understand inflation and realize that it is an insidious tax, the shell game is glaringly obvious. So, no, those statistics are not enlightening at all since they are only part of the picture.
Sadly, both parties are tax and spend. Much as I dislike the democrats and would prefer a true “republican” that respects the constitution like Ron Paul, at least Obama is candid about his desire to tax and spend. McCain promises more of the dishonest dollar-debasing shenanigans and warmongering. And McCain is too much in bed with the Bush camp that has allowed the 3 biggest disasters in US history to occur on their watch (9/11, the Katrina aftermath, and now the housing and credit bubble/bust). Obama, whatever the sins of Clinton might have been, is clearly the less bad choice by a long shot. Let’s just hope there really is an election….
September 25, 2008 at 11:50 PM in reply to: OT: 8 years of Republican rule and all I got was this lousy Depression #276023Participant“Taxes…Whether Democrat or a Republican you will find these statistics enlightening and amazing.”
Doonrookie, you fail to take into account the inflation tax. I’m no fan of Clinton either, but what Bush did was particularly sleezy. Do the politically popular thing of cutting taxes, even dropping rebates from the sky, while deficit spending and debasing the currency. It works to win approval from the unsophisticated. For those of us who understand inflation and realize that it is an insidious tax, the shell game is glaringly obvious. So, no, those statistics are not enlightening at all since they are only part of the picture.
Sadly, both parties are tax and spend. Much as I dislike the democrats and would prefer a true “republican” that respects the constitution like Ron Paul, at least Obama is candid about his desire to tax and spend. McCain promises more of the dishonest dollar-debasing shenanigans and warmongering. And McCain is too much in bed with the Bush camp that has allowed the 3 biggest disasters in US history to occur on their watch (9/11, the Katrina aftermath, and now the housing and credit bubble/bust). Obama, whatever the sins of Clinton might have been, is clearly the less bad choice by a long shot. Let’s just hope there really is an election….
September 25, 2008 at 11:50 PM in reply to: OT: 8 years of Republican rule and all I got was this lousy Depression #276026Participant“Taxes…Whether Democrat or a Republican you will find these statistics enlightening and amazing.”
Doonrookie, you fail to take into account the inflation tax. I’m no fan of Clinton either, but what Bush did was particularly sleezy. Do the politically popular thing of cutting taxes, even dropping rebates from the sky, while deficit spending and debasing the currency. It works to win approval from the unsophisticated. For those of us who understand inflation and realize that it is an insidious tax, the shell game is glaringly obvious. So, no, those statistics are not enlightening at all since they are only part of the picture.
Sadly, both parties are tax and spend. Much as I dislike the democrats and would prefer a true “republican” that respects the constitution like Ron Paul, at least Obama is candid about his desire to tax and spend. McCain promises more of the dishonest dollar-debasing shenanigans and warmongering. And McCain is too much in bed with the Bush camp that has allowed the 3 biggest disasters in US history to occur on their watch (9/11, the Katrina aftermath, and now the housing and credit bubble/bust). Obama, whatever the sins of Clinton might have been, is clearly the less bad choice by a long shot. Let’s just hope there really is an election….
September 25, 2008 at 11:50 PM in reply to: OT: 8 years of Republican rule and all I got was this lousy Depression #276074Participant“Taxes…Whether Democrat or a Republican you will find these statistics enlightening and amazing.”
Doonrookie, you fail to take into account the inflation tax. I’m no fan of Clinton either, but what Bush did was particularly sleezy. Do the politically popular thing of cutting taxes, even dropping rebates from the sky, while deficit spending and debasing the currency. It works to win approval from the unsophisticated. For those of us who understand inflation and realize that it is an insidious tax, the shell game is glaringly obvious. So, no, those statistics are not enlightening at all since they are only part of the picture.
Sadly, both parties are tax and spend. Much as I dislike the democrats and would prefer a true “republican” that respects the constitution like Ron Paul, at least Obama is candid about his desire to tax and spend. McCain promises more of the dishonest dollar-debasing shenanigans and warmongering. And McCain is too much in bed with the Bush camp that has allowed the 3 biggest disasters in US history to occur on their watch (9/11, the Katrina aftermath, and now the housing and credit bubble/bust). Obama, whatever the sins of Clinton might have been, is clearly the less bad choice by a long shot. Let’s just hope there really is an election….
September 25, 2008 at 11:50 PM in reply to: OT: 8 years of Republican rule and all I got was this lousy Depression #276091Participant“Taxes…Whether Democrat or a Republican you will find these statistics enlightening and amazing.”
Doonrookie, you fail to take into account the inflation tax. I’m no fan of Clinton either, but what Bush did was particularly sleezy. Do the politically popular thing of cutting taxes, even dropping rebates from the sky, while deficit spending and debasing the currency. It works to win approval from the unsophisticated. For those of us who understand inflation and realize that it is an insidious tax, the shell game is glaringly obvious. So, no, those statistics are not enlightening at all since they are only part of the picture.
Sadly, both parties are tax and spend. Much as I dislike the democrats and would prefer a true “republican” that respects the constitution like Ron Paul, at least Obama is candid about his desire to tax and spend. McCain promises more of the dishonest dollar-debasing shenanigans and warmongering. And McCain is too much in bed with the Bush camp that has allowed the 3 biggest disasters in US history to occur on their watch (9/11, the Katrina aftermath, and now the housing and credit bubble/bust). Obama, whatever the sins of Clinton might have been, is clearly the less bad choice by a long shot. Let’s just hope there really is an election….
Participant“anyway, primary homes are for a lot of us personal decisions. ”
Absolutely! There still are advantages to ownership besides treating your home as a speculative investment. There is something to be said for autonomy, even if prices might not of bottomed yet. You are owning then for comfort, not for return on investment. If you can still get a fixed rate mortgage, you should be all right as the payments shrink in years to inflation. Plus, if inflation is severe enough, renting will have its risks as well as owning. Choose your poison, declining equity if home prices keep dropping but fixed outflows, or no losses from asset depreciation but huge losses of purchase power to rising rent. And either way you’re going to face a higher tax burden as we all pay for the bailout. Like fat_lazy_union said, life it short. If a home will help you enjoy what’s left of it and you have the means, why the hell not.
Participant“anyway, primary homes are for a lot of us personal decisions. ”
Absolutely! There still are advantages to ownership besides treating your home as a speculative investment. There is something to be said for autonomy, even if prices might not of bottomed yet. You are owning then for comfort, not for return on investment. If you can still get a fixed rate mortgage, you should be all right as the payments shrink in years to inflation. Plus, if inflation is severe enough, renting will have its risks as well as owning. Choose your poison, declining equity if home prices keep dropping but fixed outflows, or no losses from asset depreciation but huge losses of purchase power to rising rent. And either way you’re going to face a higher tax burden as we all pay for the bailout. Like fat_lazy_union said, life it short. If a home will help you enjoy what’s left of it and you have the means, why the hell not.
Participant“anyway, primary homes are for a lot of us personal decisions. ”
Absolutely! There still are advantages to ownership besides treating your home as a speculative investment. There is something to be said for autonomy, even if prices might not of bottomed yet. You are owning then for comfort, not for return on investment. If you can still get a fixed rate mortgage, you should be all right as the payments shrink in years to inflation. Plus, if inflation is severe enough, renting will have its risks as well as owning. Choose your poison, declining equity if home prices keep dropping but fixed outflows, or no losses from asset depreciation but huge losses of purchase power to rising rent. And either way you’re going to face a higher tax burden as we all pay for the bailout. Like fat_lazy_union said, life it short. If a home will help you enjoy what’s left of it and you have the means, why the hell not.
Participant“anyway, primary homes are for a lot of us personal decisions. ”
Absolutely! There still are advantages to ownership besides treating your home as a speculative investment. There is something to be said for autonomy, even if prices might not of bottomed yet. You are owning then for comfort, not for return on investment. If you can still get a fixed rate mortgage, you should be all right as the payments shrink in years to inflation. Plus, if inflation is severe enough, renting will have its risks as well as owning. Choose your poison, declining equity if home prices keep dropping but fixed outflows, or no losses from asset depreciation but huge losses of purchase power to rising rent. And either way you’re going to face a higher tax burden as we all pay for the bailout. Like fat_lazy_union said, life it short. If a home will help you enjoy what’s left of it and you have the means, why the hell not.
Participant“anyway, primary homes are for a lot of us personal decisions. ”
Absolutely! There still are advantages to ownership besides treating your home as a speculative investment. There is something to be said for autonomy, even if prices might not of bottomed yet. You are owning then for comfort, not for return on investment. If you can still get a fixed rate mortgage, you should be all right as the payments shrink in years to inflation. Plus, if inflation is severe enough, renting will have its risks as well as owning. Choose your poison, declining equity if home prices keep dropping but fixed outflows, or no losses from asset depreciation but huge losses of purchase power to rising rent. And either way you’re going to face a higher tax burden as we all pay for the bailout. Like fat_lazy_union said, life it short. If a home will help you enjoy what’s left of it and you have the means, why the hell not.
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