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February 28th, 2009 at 02:54 pm

**We haven't turned on our heat in about a week. Winter never really came here this year; I think it's over. WE have been getting rain though, which is good. IT was a pretty dry 2008.

**Tee Ball has been delayed a bit. Practice starts NEXT weekend after all. We are excited to start. They had record enrollment this year for whatever reason. I think just due to the amount of young kids in our area. Reminds me of fights with the school district in years past. "We don't build new schools until we get insanely overcrowded." So much for forward thinking. The proof is in the tee ball enrollment. I don't know what I expected but wow, there is a lot of kids & teams. THey also seem unprepared for it all - we were supposed to start practice last weekend.

So far the cost is extremely low. We'll see what else comes up. But about $100 for enrollment, uniforms, equipment, etc. Seems pretty reasonable to me!

**LM is LOVING preschool. IT seems to be a great fit for him - I am glad he is fitting in so quickly.

**Work is crazy busy (a good thing for sure) so I haven't really been reading or commenting much.

**Oh, I probably didn't mention that the foreclosure on our street sold pretty quickly. I wouldn't be surprised if it got over asking price. I'll know in about a month I guess!

**We grossed about $200 on ebay this month (probably more since I know dh sold 2 or 3 gamecubes). I have to look up the net though. Dh keeps track on his computer and I keep forgetting to look up the bottom line, to update our challenge. I am confident we netted $100+ for February though, which was our goal.

**I have a rant about short-term thinking. Maybe I have ranted about this before. Actually, short-term thinking is an epidemic. & REALLY my pet peeve.

But I mean in regards to housing. I have quite a few friends and acquaintances who did not buy property in the late 1990s in the Bay Area because they were waiting for properties to drop. (YEah, good luck! I Said that then and I say it even more now. The Bay Area is a unique beast. But 90s was in about its most affordable form - unless the bubble bursts which I guess is still possible).

These people aren't *that* annoying. But the really annoying group is the group that would NEVER buy real estate. Never, ever, ever because it's such a terrible deal. & they have made it known they think we are idiots.

So anyway, both Group A and Group B is running out and snatching up real estate right now.


To Group A - can't fault them for waiting. They were actually taking a more long view all along. But they are paying far more than we did for real estate. So much for waiting for prices to fall. But I have less beef with them. Just - a lot of people are getting off the fence right now. I should applaud them on their long view.

Interestingly, I have a VERY frugal single friend who wants to buy an apartment in San Francisco. Good Lord. I can not imagine. Buying a home at that price with a spouse is one thing. I think I Would be way too risk adverse to do it alone. But I am excited for her all the same. SHe'll probably do fine. & will probably be a great investment.

To Group B - Um, what happened to NEVER buying real estate and what idiots we are? They keep bragging to us how "little" *they* paid for their houses. They are idiots. One just paid a $100k premium over what we paid in 2001 for a similar sized home. Many are paying the same price for half the home. This group is really obnoxious. LOL. I guess "never" equates to "3 or 4 years." Big Grin & I completely understand not wanting to buy at the peak and thinking it was crazy. I mean, we drew the line at paying more than $300k house, anyhow, anywhere. Which completely ruled out the city we grew up in (in 1995, 2000, 2005, or 2009). So we moved. When we said we would "never" pay more for a house, we meant it. So I understand shunning home ownership in the last 8 years or so, for sure. But we're merely at 2002/2003 prices. Does this warrant loving home ownership suddenly, when you hated it with a passion years 2004 - 2008? I Don't get people.

That's my rant.

But yeah - most of this group is too dumb to realize we didn't pay near as much for our house as they think we did. Have they heard of zillow? I would say most people think we paid about $400k for our house. Few would guess were merely owe $200k. I've had quite a people tell me apologetically they could never afford a $400k house or that they can't qualify for more than a $200k mortgage. Teehee. People are funny. IT's like, "um, yes, who can at our age? Who said we did?"

Actually, it's quite interesting, and I know I have said before, that a lot of people who didn't go real estate crazy the last decade, are doing it now. I have friends snatching up rental properties and first homes thinking they have hit the gold mine! I sometimes worry the bubble will happen all over again for the people who missed the ride last time. They are all too happy to ride it this time. While prices are "low" anyway.

& I have said, I would too, if we had the means. But clearly we don't. IT would be a hedge for our children if prices got astronomical again. NOt a get rich quick scheme, for sure. But we will just have to miss this boat... Somehow I think we will do okay. Wink

1 Responses to “Update ”

  1. monkeymama Says:

    Honestly, I have like 2 BIG money clients and they live pretty extravagantly. However, in their cases I think they have more money than they know what to do with. They easily save $100k-$300k/year without lifting a finger.

    But yeah, this guy is probably one of my worst clients financially. From what I can glimpse anyway. Most of our clients make $100k-$500k and are pretty good savers. So the ones who pull a million OR live paycheck to paycheck, are pretty rare for me to come across. We have a good clientele.

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