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#81
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My Great Encounter with Hawaiian Tropic Babes
Harry Krause wrote:
Dan Krueger wrote: Harry Krause wrote: Dan Krueger wrote: wrote: Harry Krause wrote: Lars Johansson wrote: "Harry Krause" wrote in message ... I had an hour to kill Sunday night before my flight back to the states, so I plopped down in the Honolulu airport bar ... I did not know that Hawaii had left the Union (yet). /Lars J Ahh, yes, well, then, the contiguous States... Harry, they just aren't bright enough to figure out that you meant the mainland. Like a little freakin' puppy dog, Kevin returns... Go blow your nose, Dan. It's full of snot. Do you read his posts? Aside from the fact that he is constantly in your shadow, he *rarely* posts anything on-topic and *often* posts vulgar flames. Fritz, Robbins, "Smithers," Jackoff and several other righties rarely post anything on topic, and they engage in flames. I haven't noticed you pulling them up by their short hairs. Not a good comparison. And I'm not sure why you feel like you have to defend him. Here are Kevin's replies for just one day... None. So, you're admitting that GWB is in the same religiously zealous league as bin Laden? NOW we're getting somewhere. Now that's a narrow mind for you! You sound like a ****y little boy. No....they THINK they do. Today was a slow day for Kevin. He even managed to skip the profanities for a day. The others you mention are also guilty of much of the same but not to the same degree as Kevin. I have found myself dragged into the same BS. You should also remember that politics don't play into everyone's personality, particularly when boating is the topic. I'm sure we both have people from the same political "side" as us who don't like us. That has noting to do with this. I'd rather read about what you decided to do to heat your pilothouse. Dan |
#82
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My Great Encounter ... link to JBQ article
"DSK" wrote in message ... NOYB wrote: "But except in unusual periods, homes aren't terrific investments. " (We're in an unusual period, and Naples is a unique place.) Yeah yeah, *every* time & place is unique & exceptional. " In Zandi's forecast, a handful of markets face declines of 10 percent or more (southeast Florida, San Diego, Phoenix, Las Vegas and coastal New Jersey), with another two dozen falling by 5 percent. " (I'm in Southwest Florida, not southeast Florida. But right now my house appraises for 65.7% more than when I bought it 18 months ago. If prices drop 10%, my house is still up 50% from where I bought it. In 18 months!) You missed the "or more" part, didn't you? What could you rent your house for? The cap rate doesn't matter for primary residences. What is the median income for families in your county? Median income families aren't buying homes on the water in Naples. 1400 properties sold for more than $1 million in the last 12 months. What are the local schools like? Local schools are average to above average. Like anywhere, they vary depending upon what part of town you're in. As for private schools, Naples has 4 or 5 of the top-rated private schools in the state. Fundamentals never change, that's why they're fundamentals. It could be that your house is not a fiscal trap. But you're playing right into the trap if it is. "What will happen to your life if the value of your home flattens or falls? Nothing, if you stay in the house and keep making mortgage payments." (This is exactly why I was arguing that your home is very safe investment.) And if your income doesn't go up as planned? It's not a matter of my income increasing. It just has to stay somewhat level over the next 4 years. Even if it decreases, it certainly won't increase $6000/mo (the amount available to me when that business loan is repaid). Or if (as I suspect will be the case) we're headed into a time frame where inflation outstrips income growth? Inflation is wonderful for people who are already heavily in debt at fixed rate. I'll let you think about *why*. My brother is getting a 7-year fixed interest only mortgage. You mean, like JBQ said not to? It's *fixed* for 7 years. No different than an ARM...except that he won't pay any principle over that time period. So what. ... In 7 years, he should be earning quite a bit more than he currently earns. Yeah, so should we all. ... If not, he will sell the place and look for a new job before then. Even if prices correct, they should rebound to present levels by then. tsk tsk tsk... you don't believe the trap is real, even when you see the video and listen to the survivor's screams. I can afford this house just fine. I have an additional $1100/mo. in disposable income right now if I pay interest only. And *if* you invest all of it in something that pays higher returns than you're mortgage interest... like say a high yield bond fund... although remember to factor in taxes coming & going... then you can come out ahead. Of course, in less than 4 years my business loan is paid off and I should have an additional $50k/year in disposable income at that point. Or you could be shopping around to refinance it. You worry too much. Nope, I just try to keep from getting caught in the obvious traps. And in this case, try to warn you. I can't believe you actually read any of that article and then go back to stubbornly saying the things you do. "Try to learn from the mistakes of others, life isn't long enough for you to have time to make them all yourself." - author unknown, but a very good quote. DSK |
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