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  1. S

    What's a good age to be a homeowner? How old were you when you bought your first house?

    I love all these people saying "why not get married?" or "why not move out to the Mojave desert or some gang infested warzone?" just so you can afford to buy some vastly overvalued POS. Is it really that implausible, that in this one instance, renting just might be a superior alternative to buying?
  2. S

    What's a good age to be a homeowner? How old were you when you bought your first house?

    I agree with him too. He is a wise man. :) The majority of home buyers are not CEO's or corporate executives or even six digit earners. They are middle class citizens who are overextending themselves through use of zero down payment mortgages or interest only ARM's. I know several people...
  3. S

    What's a good age to be a homeowner? How old were you when you bought your first house?

    I could tell that was not the first time you have given that sales pitch! Look... I am not trying to pick a fight with you. I understand that home ownership has historically been a wonderful investment with tremendous tax benefits, particularly over the past few years. I am envious that...
  4. S

    What's a good age to be a homeowner? How old were you when you bought your first house?

    You're a mortgage lender, right? Or a real estate agent?
  5. S

    What's a good age to be a homeowner? How old were you when you bought your first house?

    1) Do you really believe that real estate will continue to appreciate at several times the rate of inflation indefinitely? You do realize that that would mean that 95% of the population would be unable to afford a house within a decade, right? And yes I do get better than a 10% return on my...
  6. S

    What's a good age to be a homeowner? How old were you when you bought your first house?

    It makes no difference to me whether I give my money to a landlord as rent or to a mortgage lender/management company/government as interest/fees/taxes. That money is gone either way. Furthermore I believe that housing prices in Southern California are artificially inflated due to artificially...
  7. S

    What's a good age to be a homeowner? How old were you when you bought your first house?

    I have no complaints about $75K or about my quality of life at that salary. I simply said it is irresponsible to borrow $500K on a salary of $75K/year. Do you disagree? The traditional lending standard before the fed brought us artificially low interest rates and get-rich-quick financing...
  8. S

    What's a good age to be a homeowner? How old were you when you bought your first house?

    I absolutely agree that it does depend on the local market. Local price/rent ratios is a very important consideration just as price/earnings ratios are important when evaluating stocks. Also the amount of leverage used in purchasing a $175K home is signicantly less so there is much less risk...
  9. S

    What's a good age to be a homeowner? How old were you when you bought your first house?

    I won't argue the fact that purchasing a home has traditionally been a sound financial decision. But for people living in an inflated housing market like myself and Tomato, I believe it makes more financial sense to rent rather than own due to the facts: 1) You save a significant amount of...
  10. S

    What's a good age to be a homeowner? How old were you when you bought your first house?

    I make $75K/year in Southern California and don't anticipate ever being able to afford a family sized home ($500K+) in Southern California if things keep up. I do believe that Southern California real estate prices are unsustainable at their current levels and am hoarding cash in the event of a...
  11. S

    What's a good age to be a homeowner? How old were you when you bought your first house?

    How is "throwing money away" on rent any different than "throwing money away" on mortgage interest, association fees, insurance, maintenance, and taxes? In Southern California, it costs roughly $1500 to rent a 2 bedroom apartment. An equivalent condo would cost roughly $400K. The annual...
  12. S

    are stocks still overvalued?

    There are a variety of different market indices and funds out there. There are total market indices like the Wilshire 5000 try to encompass all companies on the market, large and small cap alike. Also there are small cap indices like the Russell 2000 that try to represent just the small cap...
  13. S

    are stocks still overvalued?

    Yes, the stock market as a whole is grossly overvalued right now. As you said while the historical P/E ratio of the S&P 500 is roughly 15, it is currently around 19. This does not mean it will not continue running up, but from a historical standpoint, the odds are not in your favor. In my...
  14. S

    fantasy baseball players, i have a question

    I would be surprised if, even with his bad start, Jeter ends the season with a lower batting average than Guillen. Look at how slow Tejada started last year for example. Over the course of a season, the variance is smoothed out and the better players will finish with the better stats.
  15. S

    fantasy baseball players, i have a question

    Guillen is not a better long term bet than Jeter. Rodriguez, Tejada, Renteria, and Garciaparra (when healthy) are the only SS's I would rank clearly ahead of Jeter. Look at their long term track records, it is obvious who the better player is. I would drop Guillen and stick jeter back in...
  16. S

    fantasy baseball players, i have a question

    Although he is sometimes overrated, Jeter is much better than how he has played this year. When all is said and done, he should end the year with close to 100 runs and 100 RBI's batting second in that lineup. He is certainly still a top ten shortstop. Even top players go through prolonged...
  17. S

    thoughts on buying and selling houses ...

    300K will buy you a 1 bedroom condo where I live. :(
  18. S

    thoughts on buying and selling houses ...

    What you are seeing is the result of low interest rates, lax lending standards, and unscrupulous financing gimmicks. Many of the people currently buying up homes are people who would never have qualified for financing in the past. With the inception of such things as "subprime" lending, zero...
  19. S

    Would you say online play-money poker is rigged?

    I wouldn't put that past a site that offers table games, but poker is a zero sum game. If someone at the table is making "money" with their cards, then someone at the table is getting broke with theirs.
  20. S

    Would you say online play-money poker is rigged?

    Online casinos have no compelling reason to cheat their customers. The larger cardrooms are raking in money hand over fist without cheating, with extremely healthy profit margins and virtually no risk. They have much more to lose by running crooked games than by dealing the games straitup...
  21. S

    YAST: Question about the Market

    Although this is typically the case with IPO's, Google is offering their shares via a Dutch auction so you should theoretically be able to acquire some at a fair market value.
  22. S

    Ouch.. AMD down 1.28 (7.13%) so far today..

  23. S

    Ouch.. AMD down 1.28 (7.13%) so far today..

    I am aware of that. Just pointing out that AMD and NVDA were poor examples to illustrate this point.
  24. S

    Ouch.. AMD down 1.28 (7.13%) so far today..

    The flash memory industry (from which AMD receives a significant portion of their revenues) is taking a huge hit right now over concerns of declining profit margins despite very strong revenue growth. I am not saying this is logical nor predictable (IMO it is not over the short term) but that...
  25. S

    Ouch.. AMD down 1.28 (7.13%) so far today..

    Not disagreeing with your premise, but AMD is up over fivefold over the past year or so while the S&P is up around 40%.
  26. S

    Ouch.. AMD down 1.28 (7.13%) so far today..

    What makes you say that? From what I have seen, the company produced blowout earnings this quarter and has executed a remarkable turnaround over the past year. The drop in price has more to do with valuation concerns than with company performance. It sports a P/E ratio of 31. How high a...
  27. S

    who here is into fantasy baseball? I just started..

    You are short on closers. Also a couple of your starters are borderline waiver material (Burba, Redman, Wakefield). In a H2H league, you can use this to your advantage by "cycling" in starting pitchers daily based on matchups to maximize wins and strikeouts. Also you are light on SB's (if...
  28. S

    blackjack strategy

    Not following you... Harrah's maybe? MGG is bigger in terms of market cap. MGM Grand is the biggest casino in Vegas. I know Foxwoods is bigger but I know they offer poker.
  29. S

    blackjack strategy

    MGG, MGM Grand?
  30. S

    blackjack strategy

    I think we can agree on the fact that being the casino is the best way to win at blackjack. :)
  31. S

    blackjack strategy

    Well said!
  32. S

    blackjack strategy

    How so?
  33. S

    blackjack strategy

    What if they draw a 7 and the dealer subsequestly draws a face? Isn't the second card off the deck just as likely to be a face as the first?
  34. S

    blackjack strategy

    Are you trying to win money? Then learn to count cards. Otherwise just betting the minimum and playing basic strategy offers you the best odds (ie losing your money as slowly as possible).
  35. S

    blackjack strategy

    Why? Someone else's play has nothing to do with the odds of beating the dealer. Their poor play is just as likely to help you as it is to hurt you. The second card off the top of the deck is just as random as the first and so on.
  36. S

    What is America's most shameful act in its history?

    This is absurd. The Japanese in a hapless position. They had no food or oil. It was only a matter of time before they surrendered. The main stumbling block was the deposition of the Emporer who was a religious figure to the Japanese people. In the words of Allied Commander Dwight Eisenhower...
  37. S

    What is America's most shameful act in its history?

    The vast majority of Japanese Americans at the time were either farmers or small businessmen. They were given very little notice before being hauled off, thus many of them had to forfeit all of their land and property (or sell it at a pittance). Although racism was prevalent on the West Coast...
  38. S

    What is America's most shameful act in its history?

    Not to discount the severity of the Holocaust, but "only" several million Jews died as a result. Over 100 million natives were essentially wiped off the face of the Earth by European settlers. The extermination of the native American population ranks as perhaps the most heinous act in the...
  39. S

    Went with Ameritrade and invested in some stocks.

    HEHE... Sorry that came off as kind of rude over the internet. I have this argument all the time with one of my friends. I actually can totally see where you are coming from... 1) The transaction fees/loads are a given. The mutual fund industry scandals are well documented (Putnam, etc.)...
  40. S

    Went with Ameritrade and invested in some stocks.

    I'm an IT professional.
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