What are we doing with our new paper RE wealth?

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Submitted by gzz on November 7, 2017 - 11:32am

I am not doing any additional consumption, but i am using personal savings to upgrade properties rather than stocks/bonds.

Any tales of HELOC financed Escalades and trips to hawaii this time around?

Submitted by spdrun on November 7, 2017 - 1:57pm.

Probably buy a property or two in NJ (gone up some, but foreclosures are still there) and use it to pay for expenses whilst in grad school. Real world is overrated. PhD with minimal school debt sounds like fun.

Worst case, I'll end up with a roof over my head and a teaching job. There are worse ways to live -- never really liked the corporate/business world, found it boring.

Submitted by scaredyclassic on November 7, 2017 - 2:03pm.

nothing.

waiting for it to vanish.

Submitted by spdrun on November 7, 2017 - 2:06pm.

Why not borrow to a reasonable LTV and buy a few other properties that pay dividends? If the market crashes, you'll still have rental income even if you're underwater.

Submitted by scaredyclassic on November 7, 2017 - 2:14pm.

no.

Submitted by FlyerInHi on November 7, 2017 - 2:32pm.

spdrun wrote:
Probably buy a property or two in NJ (gone up some, but foreclosures are still there) and use it to pay for expenses whilst in grad school. Real world is overrated. PhD with minimal school debt sounds like fun.

Worst case, I'll end up with a roof over my head and a teaching job. There are worse ways to live -- never really liked the corporate/business world, found it boring.

Hope you find a good tenure track position in NYC. Don’t end up in some podunk town.
My friend who is a psychologist only found adjunct positons despite getting PhD from NYU. I guess it depends on the field.

Submitted by spdrun on November 7, 2017 - 2:39pm.

Or Boston, or the West Coast, or Europe. If I have rental income, adjunct for life would honestly be fine with me. I'd be giving back to humanity and teaching is more fun than fixing other people's bovine detritis in I.T.

Submitted by FlyerInHi on November 7, 2017 - 2:36pm.

Building RE portfolio. I can already live off of rents and not touch principal.

No Escalade or BMW.

Submitted by Rich Toscano on November 7, 2017 - 3:02pm.

Walk-in margarita machine.

Submitted by FlyerInHi on November 7, 2017 - 3:03pm.

spdrun wrote:
Or Boston, or the West Coast, or Europe. If I have rental income, adjunct for life would honestly be fine with me. I'd be giving back to humanity and teaching is more fun than fixing other people's bovine detritis in I.T.

You should teach in China for a couple years. Watch all the changes happen before your eyes.

Submitted by spdrun on November 7, 2017 - 3:55pm.

Right, no. I like my freedom and an occasional "toke." China is nice to visit, but I'd rather live under looser discipline.

Submitted by harvey on November 7, 2017 - 4:38pm.

Rich Toscano wrote:
Walk-in margarita machine.

Having trouble picturing that.

Afraid to google it.

Submitted by outtamojo on November 7, 2017 - 10:04pm.

FlyerInHi wrote:
Building RE portfolio. I can already live off of rents and not touch principal.

No Escalade or BMW.

Used bimmers are cheap - you can get a 2014 528 with about 25k miles for under 30 grand.

Submitted by njtosd on November 8, 2017 - 12:29am.

spdrun wrote:
Probably buy a property or two in NJ (gone up some, but foreclosures are still there) and use it to pay for expenses whilst in grad school. Real world is overrated. PhD with minimal school debt sounds like fun.

Worst case, I'll end up with a roof over my head and a teaching job. There are worse ways to live -- never really liked the corporate/business world, found it boring.

Oh my gosh. There’s enough cynicism in academia. Instructors are supposed to be positive and excited about their subjects - unless you have a very Dr Jekyll/Mr Hyde personality, do the kids at Farleigh Dickinson a favor and rethink this. Here’s an idea: how about doing something about which you can actually say something positive? Plus, the words that you’ve used on the board suggest your social media footprint might get in the way .....

Submitted by spdrun on November 8, 2017 - 6:52am.

Put it this way: teaching and research make me a hell of a lot happier and more excited than being an I.T. consultant and spending my life spinning my wheels, fixing Microsoft's mistakes.

My dream life would literally be having enough rental income to pay for basic expenses and being able to work part time doing research/teaching as an adjunct for additional income and fun.

All of the good aspects of being an adjunct (flexibility, academic environment) without the bad (money difficulties).

Submitted by scaredyclassic on November 8, 2017 - 8:10am.

cynicism pervades academia. evrn john gridhams new book is a thriller about student loans.

Submitted by phaster on November 12, 2017 - 11:19am.

I'm evaluating various golden trinkets as investment vehicles/fashion-statements

POTUS wrote:

With Obama and Bernanke destroying the value of the dollar, gold and real estate should continue to rise in value.

https://twitter.com/realDonaldTrump/stat...

www.guggenheim.org/blogs/checklist/mauri...

http://sdgrillz.com

Submitted by carlsbadworker on November 14, 2017 - 12:22pm.

“Homeowners, at least in aggregate, are not funding a spending spree with the equity in their homes.”

http://www.mortgagenewsdaily.com/1110201...

Submitted by phaster on November 17, 2017 - 5:16pm.

carlsbadworker wrote:

“Homeowners, at least in aggregate, are not funding a spending spree with the equity in their homes.”

“Homeowners” got burned last time around, so that economic segment in my mind should be put toward the bottom of the pile WRT “risk factors” that could perturb the system

OTOH consider what so-called smart money is doing

Quote:

Hedge-fund billionaire Klarman says Puerto Rico should pay its debts

...The investor admitted his firm acquired the island's debt through "special purpose vehicles" such as Decagon Holdings so competitors wouldn't find out his firm was buying the bonds, which "could have an adverse effect on our ability to trade."

https://www.cnbc.com/2017/10/20/hedge-fu...

said another way, the shadow banking “euro-dollar” system, along w/ unsustainable public pension portfolios, THEN stuff being speculated upon using various financial derivatives,... is my bet (pardon the pun) for what is going to cause the next big boo-boo

PS some variation of what has happened in Puerto Rico is most likely going to also happen locally given the news trends,...

Quote:

Deficits projected for San Diego city budget, as raises kick in and pension costs rise

A new analysis shows San Diego is facing significant budget deficits over the next three years that could become much worse if there is an economic downturn.

It’s uncommon for cities to face deficits in a relatively strong economy, but San Diego officials say revenue growth has slowed while expenses have spiked...

http://www.sandiegouniontribune.com/news...

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