« prev   random   next »


Investors or something else

By ThreeBays following x   2012 Mar 19, 5:13pm 2,894 views   3 comments   watch   sfw   quote     share    

So true story - some good friends of ours recently sold their lovely $1M home on the Peninsula, within a few days of listing, to an all cash buyer.

The buyer said it was for their kid to live there while attending school (Stanford).

I guess there would be a normal volume of this kind of sales around the Peninsula - if I'm rich and my kid is going to Stanford I'd get him a cheap little pad for $1 or 2 Mil. This has probably been happening since forever - but just now inventories are so low that these sales stand out.


1   033   ignore (0)   2012 Mar 19, 7:49pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

If Mommy and Daddy can't buy little Snowflake a house, the trend is to mortgage theirs to pay for Snowflake's Ethnic Song degree from a sort-of good school no one's heard of.
Student debt, my ass. Not for precious Snowflake. The debt is in the aging parents' name against the parents' house that once was paid off. The debt isn't held by 25 year olds who still call up their parents for a ride and expect their folks to help them with their own school plays--still! The parents in turn tell Their Snowflakes that the most important thing is "learning." The end goals of being employable and not moving home are off the radar screen.
Parents like this, children like this, are now the ideal. What happened to kids WANTING to grow up? Is that just for poor people now?
What the hell?

2   chemechie   ignore (0)   2012 Mar 19, 10:23pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

Q: What's the easiest way to get a small fortune?

A: Start with a large one.

The Housing Trap
You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
115 pages, $12.50

Kindle version available

about   best comments   contact   one year ago   suggestions