Stupid renter eventually buys. No retirement.

Well look who posted it

"No, the point is that in her retirement she blew her nest egg on an apartment that she won't be able to get out of easily in the event of just one financial blip."

And had she rented an apartment for $2500/month this whole time instead and put the extra money in US treasuries she would have made out like a bandit since then, since we have had a decade-long rally in bonds more or less.

Jason, but *now* Treasuries pay next to nil. I think she made a great decision in buying this apartment. It's not too big, she can afford it, and she can (presumably, if the co-op allows) find a renter and live with relatives if she has a medical or financial emergency down the line.

(But I'm still amazed that anti-age-discrimination law even extends to near-centenarian retirees. I guess it's a good thing, when you think about it, and the older one gets, the more equity you have and thus less risk for the bank, but still... a mortgage that extends out until you're 99... wow.)

"Jason, but *now* Treasuries pay next to nil."

She had a lump sum. She would have made all her money in CAPITAL GAINS, not on interest rates! Over the past five years, a typical treasuries funds is up 50% in total returns.

treasury YIELDS are next to nil. some treasury funds have been kicking ass, for a relatively safe investment.

>some treasury funds have been kicking ass, for a relatively safe investment.

Or they could go the other way.
Like Bill Gross thought they would. But he was wrong. It's hard to be right. Should I buy Sprint today? w67 was right about Sprint for the past ~6 months. Should he be buying more now? Will the next 6 months look like the last 6 months?

>(But I'm still amazed that anti-age-discrimination law even extends to near-centenarian retirees.

Wouldn't it be funny if the anti-age discrimination laws stopped when you needed it the most?

Nope, sorry, you are too old for the age discrimination laws to apply to you.

Sorry ma'am, the sexual harassment laws also no longer apply to you.

Buying treasuries is different that buying a treasury fund.

Indeed.

will manhattan re bubble continue indefinitely?

Sprint is a risk... but looks like a 30 day t-bill compared to plowing into NYC RE with 10x leverage, 3% mortgages and a whole lotta hide the salami non performing mortgages in manhattan....

BC ya can mold a dildo into the side of the wall doesn't mean w67 can't convert the $2MM in sprint and do the same.. when dildo prices come down.

Lenders don't care about the borrower's age, everything else being equal.

To them, a scenario where borrower dies, apartment is sold, loan is paid off, is the same as the average buyer selling and paying off the loan. The average tenure is what, seven or 12 years?

yes, I understand

7 yrs.... but LET'S buy instead of renting for the best and easiest trade since Sprint...

RENT for 3 yrs... re bubble deflate... hold sprint... sprint $2MM goes to $4MM... $3MM CPW 3bdrm go to $1.5MM. W67 buy $1.5MM CPW 3bdrm, have $2.5MM (minus $20 trading fee) left over. Gift $1MM to kids. Buy friend Oyster 66 in BVI for $700K.. travel world at 50yo... invite many friends to different ports.

w67 DILDO bigger than your dildo.

Was 7, but that was in an environment if decreasing interest rates and increasing home values. That will most likely change.

>7 DILDO bigger than your dildo.

But something will still be missing. You will always have something to prove.

unlike you.

you have nothing to prove.

you've already proven it.

That's the nicest thing you've said to me all week.

how many lives have you ruined just this week?

Just this week? When was your meltdown? Was that this week? Or I guess in fairness, I should see if your life was ruined before your meltdown, before I take credit for ruining your life.

over and over and over again.

keep saying anything and its true.

Is that how you got away with it?

I don't know why you are so ashamed to admit your meltdown. Others here have had meltdowns. And then they just pick themselves up, brush themselves off, and return to the fray.

How many wrong calls has bill gross made? He has a fair amount of my money, and when he made the bull market in treasuries is dead call I immediately went all cash. And I got back in after he recanted. That bull market may be dead, but it's been an easy source of decent returns, with fairly little risk right now.

That's wonderful aboutready. Did you see the 2008-9 crash? Did you see the 2000-2003 crash?
Did you keep your prior apartment until early 2007?

No Jason. You are wrong and do sound like an idiot. I never suggested this lady buy treasuries. My comment was directed to AR. Buying treasuries is different than buying a fund. If you think it is the same you my friend are the "fucking stupid" one.
Maybe you should take Huntersburg's advice and put your helmet back on before you hurt yourself.

It's not just any helmet, it's a retard helmet.

Yea I got that

jason10006 and dealboy must be bitter paraplegics with nothing but time on their inoperative hands.

jason is an idiot, and I don't understand why he always calls people names.

why do some people act like they always make good decisions. aboutready, has made shitty decisions most of her life. the lady will be fine the remainder of her life.

I got out of equities very near the peak during the last two disasters. The first time was sheer coincidence, but more recently was due to a massive discomfort due to volatility. Brooks, I'm well aware of the difference.

Jason is anything but an idiot, he does get cranky now and then, and occasionally irrationally embraces the contrarian take on things--but i find his input to often be meaningful

mumbojumbo=dumbooooooooooooooooooooo

legalized gambling is how aboutready continues to make a living after ralph left her.

>but i find his input to often be meaningful

Why did you ask w67 for a recommendation, then when he told you to buy Sprint, you refused?

"Well look who posted it"

true

This article was about people making choices and being personally happy and financially safe, hand in hand.

The part being debated is "financially safe". If they love it, great. Question is on the timing. Of course, waiting until prices came down 20% was not a bad thing...