AdamCarollaFan's comments

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  AdamCarollaFan   ignore (0)   2013 Oct 15, 10:20am   ↑ like (1)   ↓ dislike (0)   quote   flag        

peter schiff stated that he doesn't throw money away on food, and that's how you should look at renting - that you're not throwing your money away because you need a place to hang your hat. just like you need sustenance.

'nuff said!

  AdamCarollaFan   ignore (0)   2013 Oct 16, 7:04am   ↑ like (0)   ↓ dislike (0)   quote   flag        

CDon says

Now if you can later regurgitate your food and sell it -- perhaps for an even
greater prices than which you bought it -- then yeah, nuff said indeed!


  AdamCarollaFan   ignore (0)   2013 Oct 16, 7:15am   ↑ like (0)   ↓ dislike (0)   quote   flag        

RentingForHalfTheCost says

egads101 says

Shiller owns a home.

Most likely just because of pressure from his wife.

Just like Worm said: "In the poker game of life, women are the rake. They are the (sic) rake!"

  AdamCarollaFan   ignore (0)   2013 Oct 17, 5:11am   ↑ like (0)   ↓ dislike (0)   quote   flag        

adam carolla...for prez

  AdamCarollaFan   ignore (0)   2013 Oct 25, 8:51am   ↑ like (2)   ↓ dislike (0)   quote   flag        

my 29yo healthy buddy works as a busser/food runner making 8.00/hr plus tips with no bennies, which means he'll qualify for subsidies or possibly get obamacare for free.

if he has to pay even the meager amount of $81 USD a month, he might just forego it since $972/year is a fair bit steep for him.

he is exactly the type of person obamacare needs to have pay into the system to make it all work. without healthy people like him paying into the system, it fit will hit the shan in the not-too-distant-future.

  AdamCarollaFan   ignore (0)   2013 Nov 2, 5:19am   ↑ like (2)   ↓ dislike (0)   quote   flag        

SIMPLE: don't have kids.

you don't need help being poor.

  AdamCarollaFan   ignore (0)   2013 Nov 4, 6:09am   ↑ like (1)   ↓ dislike (0)   quote   flag        

how long is this gonna take? i'm eager to see house prices fall even further!

  AdamCarollaFan   ignore (0)   2013 Nov 4, 10:50am   ↑ like (1)   ↓ dislike (0)   quote   flag        

i found vita chocolate coconut water at the .99 cent store. 3 litres for .99 cent. just buy this instead. delish and healthier!

  AdamCarollaFan   ignore (0)   2013 Nov 4, 10:51pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

bfd. it's only like that here because the banks can artificially boost numbers by only releasing limited amounts of their shadow inventory at times. so, just like you learn in econ 101, the scarcity of something fuels demand, prices. it's a load of bollocks here, these numbers.

  AdamCarollaFan   ignore (0)   2014 Apr 10, 12:01pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

you're a good man, clambo. thank you.

i like the idea of a balanced fund, and i'll have to look into it.

my problem all these years is that i'm a lazy bastard, so just putting the dough in a CD and being able to forget about it is a lot easier than taking the time to learn about something else.

  AdamCarollaFan   ignore (0)   2016 Jan 12, 9:31am   ↑ like (0)   ↓ dislike (0)   quote   flag        

I'm just gonna wait till the FED raises interest rates, yeahhhh!

  AdamCarollaFan   ignore (0)   2016 Mar 31, 2:09pm   ↑ like (0)   ↓ dislike (1)   quote   flag        

the thing about NTG is that he explains things so well, and THAT is what sets him apart.

  AdamCarollaFan   ignore (0)   2016 Mar 31, 2:10pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

that's why I pay $40 a month flat for semi-intermittent service from metro pcs. hello, hello, hello.....

  AdamCarollaFan   ignore (0)   2017 Jan 8, 11:28pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

real estate IS a liability!

nuff said!

  AdamCarollaFan   ignore (0)   2017 Jan 8, 11:44pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

I wonder what the statistics are for newby flippers and what percentage actually make good money off of it - and how many actually make little money/no money/lose money.

  AdamCarollaFan   ignore (0)   2017 Jan 8, 11:51pm   ↑ like (4)   ↓ dislike (1)   quote   flag        

every time I get on Zillow or redfin and "think" about the possibility about buying a house I read this excellent article. thanks Patrick

  AdamCarollaFan   ignore (0)   2017 Jan 9, 12:12am   ↑ like (0)   ↓ dislike (0)   quote   flag        

bubble? burst? who the hell knows.

all indications/reports/forecasts say that housing is gonna go up. in my area, it's "supposedly" gonna rise 7.1% in 2017. dayum!!

but like all asset classes, they rise and fall. hopefully I can get in when it's on the downside :)

  AdamCarollaFan   ignore (0)   2017 Jan 11, 9:17pm   ↑ like (2)   ↓ dislike (1)   quote   flag        

Waitup says

hope you didn't read and obey during the 2010-2013 frenzy

thank gawd, no!

remember when Obama was offering that $8,000 tax credit in 2008 and 2009(?)? Well, I got mad because I "missed" the boat and missed out on a cool, free $8K.

Well, lo and behold, within six months of that credit expiring, the median house price in my area went down more than $8K. Dodged a bullet there!

  AdamCarollaFan   ignore (0)   2017 Jan 12, 11:26am   ↑ like (1)   ↓ dislike (1)   quote   flag        

The median home value in Sacramento is $283,800. Sacramento home values have gone up 11.8% over the past year and Zillow predicts they will rise 5.4% within the next year. The median list price per square foot in Sacramento is $193, which is lower than the Sacramento Metro average of $213. The median price of homes currently listed in Sacramento is $269,900. The median rent price in Sacramento is $1,340, which is lower than the Sacramento Metro median of $1,575.

  AdamCarollaFan   ignore (0)   2017 Jan 12, 12:31pm   ↑ like (3)   ↓ dislike (3)   quote   flag        

because house prices decreased more than $8,000, which would have wiped out the $8,000 credit.

that $8,000 credit was just another way the government tried to prop up and "save" the housing market. they basically artificially inflated the market, so to speak. they should have just stayed out of it, as markets, all markets, go up and down and eventually correct themselves.

  AdamCarollaFan   ignore (0)   2017 Jan 12, 1:37pm   ↑ like (2)   ↓ dislike (1)   quote   flag        

the median housing price (specifically, the area i was looking at) decreased further than 8K, though. at the time, housing was on the downward slope, and the government was trying to help. people were buying into it, though, which is their decision. i'm just glad i didn't, especially since life has changed since that time. i'm hoping to buy on the upward slope, but that will be difficult. i've already missed it (2011). it'll eventually go down again - just not sure when.

  AdamCarollaFan   ignore (0)   2017 Jan 12, 3:14pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

hey, you wanna play with fire, go right ahead:

"An analysis RealtyTrac ran for MONEY showed that 12% of flips sold at break-even or at a loss before all expenses. In 28% of flips, the gross profit was less than 20% of the purchase price. Twenty percent is "typically the minimum that would at least cover rehab costs, carrying costs, and other expenses incurred by the flipper," said Daren Blomquist, RealtyTrac senior vice president."

  AdamCarollaFan   ignore (0)   2017 Jan 13, 10:08am   ↑ like (0)   ↓ dislike (0)   quote   flag        

well, this thread has been interesting to read!

  AdamCarollaFan   ignore (0)   2017 Jan 13, 10:15am   ↑ like (1)   ↓ dislike (0)   quote   flag        

rando says

As long as all else is equal

AKA - ceteris paribus

  AdamCarollaFan   ignore (0)   2017 Jan 13, 10:20am   ↑ like (0)   ↓ dislike (0)   quote   flag        

i'd live in one, but i feel i'd feel awkward af

  AdamCarollaFan   ignore (0)   2017 Jan 13, 10:43am   ↑ like (0)   ↓ dislike (0)   quote   flag        

errc says

We. Never. Had. A. Housing. Bubble.

can you explain this, please?

  AdamCarollaFan   ignore (0)   2017 Jan 13, 10:47am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Strategist says

Which one is better?

really putting it to me, there. i'll go with vegas. better buffets

  AdamCarollaFan   ignore (0)   2017 Jan 13, 11:00am   ↑ like (1)   ↓ dislike (0)   quote   flag        

if only the death penalty was as swift as it was during medieval times!

  AdamCarollaFan   ignore (0)   2017 Jan 13, 11:11am   ↑ like (1)   ↓ dislike (0)   quote   flag        

FortWayne says

So basically don't buy anything again till it blows over?

that's my plan!

  AdamCarollaFan   ignore (0)   2017 Jan 13, 11:27am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Quigley says

We don't have a housing bubble. We have high prices in some areas

hmmm, thank you quigley

  AdamCarollaFan   ignore (0)   2017 Jan 13, 1:36pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

joeyjojojunior says

If you couldn't muster up the courage to buy in 2011-2013, I'm not really sure what you are waiting for?

you're right! i'm a nervous nelly! too much of a think!

  AdamCarollaFan   ignore (0)   2017 Jan 13, 1:47pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

joeyjojojunior says

Because that's what people care about--price

  AdamCarollaFan   ignore (0)   2017 Jan 13, 1:57pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

corntrollio says

You have to be careful there

that's a good point, corntrolio. thank you. i'm gonna have to look into the WEP!

  AdamCarollaFan   ignore (0)   2017 Jan 13, 2:18pm   ↑ like (3)   ↓ dislike (0)   quote   flag        

epitaph says

Vanguard sounds like what you want.

thanks to all of you for your informative (and comedic) answers.

i ended up putting the majority of it in a vanguard index funds.

and, yes, i did put some of it in a 5-year CD @ 2.2%. egg on my face for that one

  AdamCarollaFan   ignore (0)   2017 Apr 5, 11:52am   ↑ like (0)   ↓ dislike (0)   quote   flag        

buy a 200sf tiny house and put it in the backyard.

then rent your house out.

  AdamCarollaFan   ignore (0)   2017 Apr 5, 11:54am   ↑ like (1)   ↓ dislike (0)   quote   flag        

interesting. i was gonna liquidate a large CD later this month and dollar-cost average it into my vanguard index funds

  AdamCarollaFan   ignore (0)   2017 Apr 5, 1:34pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

i like duplexes.

a. if you're a minimalist, "half" of the duplex would be small, making it tough for you to be a huge consumer and hoarder

2. you can be a landlord (if you please) and earn some dolla dolla bills y'all on the side (gig economy, no?)

d. duplexes may be simpler/better than buying a separate SFH and renting it out.

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

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