sl

You’re not gonna make me waste my can of whup ass.

265.Pat says:
November 24, 2009 at 10:23 pm
Pat’s too drained to sit up and bark, Re.

There’s a Zen College near us, and they shop in the same store I do. I’m thinking about heading down there some night.

- actually shocked with the overwhelming sense of pride and accomplishment when i pull into my driveway. i worked hard to get to this point and feel truly fortunate to be able to afford a home to raise my family. investment/liability argument aside, there is a such a gratifying and rewarding feeling to finally come home to “my” place and not someone else’s.

seconded. only bought 10 months ago, but i do like to drive slowly through the neighborhood, waving at neighbors and pulling into the driveway admiring a purchase we are happy with.

lame? probably. don’t care. we plan on being here 30 years.

* best laids plans, etc …
* want to make God laugh? Make a plan …

yes, i’ve heard ‘em. Oh well …

Leasehold vs freehold in London is an intesting situation.
The freeholder owns the land and leases it to the property owner. At the end of the lease term, the use of the land (and whatever is on it) goes back to he freeholder. Most leases are 100+ years and for the most part you will not get a mortgage on a property that is on a lease less than 2X the length of the mortgage. If the lease term is short the lease term will be renegotiated as part of the sale.

If you split a building into a multi family, in general the ground floor Apt will own the freehold with the higher floors on long term leases.

The diagram in here says we should have bottomed in 2004 from Dot Com.

http://www.contrahour.com/contrahour/2006/06/martin_armstron.html

With the drop in Interest rates and the bounce of housing, that may have ben staved off the bottom. I think Kettle has a point in that you have to adjust the underlying model to factor the environment.

Sorry for the double post

The diagram in here says we should have bottomed in 2004 from Dot Com.

http://www.contrahour.com/contrahour/2006/06/martin_armstron.html

With the drop in Interest rates and the bounce of housing, that may have ben staved off the bottom. I think Kettle has a point in that you have to adjust the underlying model to factor the environment.

http://www.contrahour.com/contrahour/2006/06/martin_armstron.html

While GBP is in the toilet, I think the country as a whole is in a better situation than the US.

They always have the Option of EUR as a last resort.

The property bust will hurt, but will be short lived. The UK is a country with full recourse loans and ARMS tied to LIBOR as standard.

I was shocked when I moved over here and found out you could get a fixed rate mortgage. I was Gimme Gimme Gimme. 30yrs at 5.25 should balance out hopefully.

Yikes, i read the piece on Armstrong. Tell you the truth i didnt think there was much there. Maybe im just cynical of tech analysis so call me skeptical.
But it seemed to me a cheapened version of the mayan 2012 thing with the stars aligning and all of that. Except the mayan situation is complex and thoughtful and genius and it knocked me on my @ss when i first read about it.
I dont think this guy even has a model and anyone who wants credibility claims to have called the 1987 crash.
the 9.6 years thing seems like a stretch because their is always something happening every couple months that you can say is significant. Id have to see a more detailed version of his theory to get excited. It was a decent read though. Sorry if im being too critical – it wasnt bad but def not the best piece of the year for me.

I bailed out of Equities in my 401k in 2007 as I saw the PI cycle and the state of the market and thought you know what I’ll take a breather. I remember how my boss got burnt staying in Equities through the Dot Com bust.

I thought I would be out for about six months and would head back in and catch an updraft when the Fed took rates up to counter inflation and the dollar slide. I think the rates were about 4% at the time.

While I missed the uplift from DOW 7400 to today, I balance that against the fact I hit the side lines when the DOW had a 14 in front of it. With rates at 0, I’m still ahead.

The problem is where to go from here.

In the end, this country will kill itself in the suppression of the minority that we are simultaneously bending over backwards to accommodate.

Bingo.

As a minority – whose parents came to this country legally over 30 years ago – this saddens me deeply.

in the last 5 years, i’ve got from democratic to republican, sadly.

(that being said, i’d vote for obama again if he were up against Palin)