I asked him if he owns a house already for a reason. In a (GeoffJ)

Feb 27, 2012 - 7:16pm

GeoffJ

I asked him if he owns a house already for a reason. In a

case like his putting $40k down on a house _could_ be an excellent investment choice. It just depends on his longer term plans and if he wants to put some roots down.

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Messages

Author

Date

Hypothetical investment question:

brazilcoug

Feb 27, 05:43pm

congrats on your windfall (nm)

jota

Feb 27, 05:44pm

I can get you 2% on that money (nm)

Cougrrrs Roll

Feb 27, 05:45pm

I'd have a $40k crack party. (nm)

RichieRich

Feb 27, 05:45pm

Do you own a house already? (nm)

GeoffJ

Feb 27, 05:45pm

Nope. (nm)

brazilcoug

Feb 27, 05:59pm

Well it is definitely a good time to buy a house. Rates and

GeoffJ

Feb 27, 06:22pm

wow disagree. don't listen!

Cougarclaw

Feb 27, 06:46pm

Yeah, but then he wouldn't have a house. (nm)

brj8

Feb 27, 06:52pm

tell that to your landlord when your pipes burst. (nm)

Cougarclaw

Feb 27, 06:55pm

Overreaction alert!

GeoffJ

Feb 27, 06:56pm

I'm overreacting and then you agree with everything I said!

Cougarclaw

Feb 27, 07:12pm

I asked him if he owns a house already for a reason. In a

GeoffJ

Feb 27, 07:16pm

put roots down <> investment decision (nm)

Cougarclaw

Feb 27, 07:22pm

Sure it is the same. Dude is trying to place his $40k. He

GeoffJ

Feb 27, 07:24pm

Investment decision: where to put money.

Cougarclaw

Feb 27, 07:35pm

Pretending a home purchase is not an investment decision (short)

GeoffJ

Feb 27, 07:46pm

Also, 10-12% index fund return is somewhat of a pipe dream.

GeoffJ

Feb 27, 07:18pm

unless your selling Nephite gold...

Cougarclaw

Feb 27, 07:34pm

Not especially real estate. Before this recent huge bubble

GeoffJ

Feb 27, 07:51pm

But you get -100% return when you rent

KingDave

Feb 27, 06:57pm

most people come out ahead if they rent. here's how:

Cougarclaw

Feb 27, 07:21pm

I'd seriously look into furthering my education, but be

ChubbyChaser

Feb 27, 05:46pm

I heard Idaho has a good EMBA program (nm)

jota

Feb 27, 05:47pm

If I'm happy with my career, then I'd get a house (nm)

KingDave

Feb 27, 05:55pm

RE: Hypothetical investment question:

Rocketman

Feb 27, 06:06pm

I'm a good Mormon that can get you 35% return (nm)

Florwood

Feb 27, 06:06pm

monthly. Really! Two words: Nephite gold. (nm)

Florwood

Feb 27, 06:06pm

as long as you guarantee that rate, I'm in ! (short)

Coog4Life

Feb 27, 06:17pm

Now, just get 10 of your friends to send you their money

KingDave

Feb 27, 06:19pm

Get a house (nm)

docrick

Feb 27, 06:11pm

If you invest it and get about 12% return, you will have (short)

TonyStark

Feb 27, 06:46pm

^^^^^ This ^^^^^^^^^^^^^^^^^^^^^^^^^^^^ (short)

Cougarclaw

Feb 27, 06:47pm

Link to 12% return? (short)

brj8

Feb 27, 06:52pm

That's what Dave Ramsey gets... (nm)

TonyStark

Feb 27, 06:54pm

I used to believe everything he said

KingDave

Feb 27, 06:58pm

the problem is that the 10% he is wrong about (short)

TonyStark

Feb 27, 07:17pm

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