patrick.net

Or just wait forever essentially, like me, banking a few thousand a month in savings on rent that was and is way cheaper than owning the same small house on a cash flow basis.

It's been a fine ride and I regret nothing since I was pretty diligent about saving and investing all that money. Seems to have come out about the same financially as owning. So they got the appreciation, but I got the savings and stock market gains.

Most people don't and can't save. They can't even help charging up their credit cards.
Stocks outperform real estate when inflation is falling. Vice Versa when inflation is steadily rising.

Call it Crazy says

We're not getting any appreciation here, and I knew that was going to be the case based on the direction of the market here. But, I took the money I was going to put into the house, and instead of getting 0% appreciation on it with it tied up in the house, I got a sub 4% mortgage, and put the money in my Vanguard account. It was up 14% last year. Plus, I get the MID and high property tax deduction on my taxes. My mortgage payment is same as what my rent payment was.

So, all in all, I'm not at mercy to a landlord and can do what I want on my property, and making money owning versus renting.

Why aren't you getting appreciation? Is the population declining?

bgamall4 says

but I got the savings and stock market gains.

Take your profits.

Don't take your profits.

bgamall4 says

I have been praying that if there is not a single righteous man in NYC that it would fall into the ocean.

I have bad news for you.

man this thread really strikes a nerve.

jerry fucking brown. what an asshole. his vision of a high-density low-environmental-impact public-transportation society is so fucking out of sync with they way americans (especially those with children) want to live. the nerve of these pieces of progressive shit to use environmental issues as justification for essentially a war on middle class suburbia. there is so much land to build on here. they are out of their fucking minds, putting smelt fish over the basic needs of humans.

who will stop this madness? stop voting for these assholes. and they're flat wrong about the environment - droughts come and go here regardless of "modern climate change." all they are doing is creating feudalism and giving the best zip codes to the very rich while supporting the most welfare recipients per state in the nation.

bgamall4 says

Strategist says

bgamall4 says

I have been praying that if there is not a single righteous man in NYC that it would fall into the ocean.

I have bad news for you.

There isn't one is there?

Unless you consider Zionists as righteous.

bgamall4 says

I don't. They are the least righteous people on earth. And they are multiracial with some of the most wicked Zionists being non Jewish like Cheney.

What about radical Islamists? Are they righteous?

Call it Crazy says

Strategist says

Why aren't you getting appreciation?

Not all markets are inflated like CA... It's the state of NJ... no jobs, no wage increases, high taxes, you know, destroyed by liberal controlled government...

It's not those damn libruls. California is full of those evil people.
It's the weather.
Listen to me......If you really want to give Dan a hard time move to Florida. :) The future is there. California and the rest of the Sunbelt is good too, but Florida has limited land with an expanding population. You cannot go wrong there, with the prices still cheap. It's now or never.

Call it Crazy says

Strategist says

California and the rest of the Sunbelt is good too

Nice guy, you want to force me to clean the pool 12 months of the year instead of the 4 months I do here...

That's what your wife told me she wants you to do. Clean the pool 12 months a year. PS. I did not tell her most homes here don't have a pool, because the lots are so small.

My word, what comes over people when they can remain annonymous and insult people remotely? You know who you are and should be ashamed of yourselves. Please ask yourself, if you met these people in person would I be such an arrogant arsehole....? Really??

JasonM,
I do not wish you any bad luck....

unless you vote Republican or Democratic.

Barney_Franks says:" Please ask yourself, if you met these people in person would I be such an arrogant arsehole....? Really??"
I do a very good job of being an ASSHOLE when pointing out reality & peoples stupid mistakes.

If your wife is worth a shit, she'll realize that you did the best you could with the info you had. The kids will be fine, and your life isn't over.

'cause you're fuckin stupid...

JasonM says

If we have to move, her worst fear is realized. She will have lost all confidence in my judgement and I have compromised my kids education. After a few years away, I come back to the bubble sites for consolation and no one is left – all the wise voices who told me to wait are long gone. I waited for FUCKING YEARS and NOW I AM LOSING EVERYTHING – HOW IS THIS POSSIBLE!?!?!?!

It's all Patnet's fault!

Blame the messneger!!!!

Pat you lowgrade son of a bitch!

You could just live in another place where rent is not $4,000. Plenty of people make that choice.

There is a bubble now in rental market. It's happening in LA too, just like Bay Area, but on smaller scale. Rentals are turned over (where not rent controlled), tenants flipped for higher paying once through price increases. Greed is putting this nation again yet into another stranglehold. It's a painful shame.

All that money flowing into rentals, not into real investment such as stocks or bonds.

Your best bet, is find another place.