| DaveM_Renter
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San Clemente, CA
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In United States
Registered Mar 03, 2011
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DaveM_Renter's most recent comments:
- On 18 Oct 2012
in
Unemployment rate collapsing,
DaveM_Renter said:
Honest Abe says
$7 in, $11 out. Seems like the president is also bad in math.
FAIL.
Vote Barry Barack Sotoero Hussain Bin Obama out, and the American in.
What exactly makes you think that under Romney this would stop? So far we only know for sure that he will decrease income ($5 Trillion in tax cuts across the board) and we know for sure that he will increase defense spending by $2T.
The only savings we know for sure are cut funding for PBS ($0.0002 Trillion) and planned parenthood ($0.0001 Trillion) over the same time period. I'm sure he'll make more cuts once in office (while he's afraid to commit to any of them today) but he'll have a very hard time making up the hole he already created. Let alone reducing the deficit.
As much as I dislike Obama, I think Romney will cost us a lot more!
May guess under Romney: $6 in and $12 out
So Abe, unless you make serious dough (which I highly doubt based on your past posts), you're really just helping out the rich if you vote for Romney - because every one else (not just the 47%) will get the shaft - On 8 Oct 2012
in
Talked a cousin out of buying (hopefully)!,
DaveM_Renter said:
Just two months ago we moved into a beautiful house 2 miles from the beach in South OC - with all of the things his cousin is looking for: Backyard, Garage, Laundry Room, Privacy, Central A/C, Dishwasher. Additionally we also have a great view, built-in BBQ and smoker and a great cul-de-sac neighborhood with kids my son's age. Also there's a great K-8 school in walking distance.
No, we didn't buy for $700k - we're renting for $2500/month!!
The same house across the street (but minus the canyon view) now came on the market recently for $680k. Wonder what fool will buy that... As much as I like to have neighbors with kids I would hate to see another family that gets suckered into this rigged game! - On 1 Oct 2012
in
Pay Cash,
DaveM_Renter said:
Patrick, your generalized statement doesn't add up. The 2:1 ratio you're talking about only applies above a certain interest rate, but not at today's rates and today's market - not even close!
-interest costs of the loan are much lower today than they used to be
-the interest you accrue on your savings will be much lower today then it would have been 10 or so years ago (unless you up your risk)
-in today's market you often don't have much of an advantage with cash because you're competing with the FHA crowd
Besides, where will you live for the 15 years that you're putting money into savings? If you live in your car you will save at a faster rate. But if I had to choose between living in a craphole for 10-15 years just so I can buy outright, or living in a place I like and paying a little more, then I'd choose the latter.
Disclosure: I do also still rent even though I am 40 with wife and a 3-year old, have good income and great credit...
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