General Discussion

graham4anything

(11,464 posts)

22. I bought my NJ home for about $160. It skyrocketed to $650 in value, but now about $400

Sat May 4, 2013, 08:20 AM

May 2013

why would one think it was worth $650 when in reality it was worth $160 plus repairs and addons and adjust for inflation.

I won't whine if I get $400 that I could have gotten $650 or $800 or whatever.

Something is worth on day bought and day sold.
Whining what could have been is irrelevant.
Could have been but I bet one wanted more, therefore one can also get less

Gotta know when to fold and walk away

I bought my house not as investment but to live andnot move up up up or down

Therefore, it is only worth what it is on day I sell it. Don't expect a penny more. That is just dreaming.

BTW-one can break a 401K at any time, and just pay the penalty and taxes as one signs on for.
One was happy for a 401k that the compnay gave free of charge with no strings attached, no?

The other man's grass is always greener has been there since day one.
I only worry about my grass. The other man is entitled to his grass too.
Only busybodies care about how much the other makes.

That is why most companies forbid workers from discussing ones salary since day one
(or try too). It only breeds contempt. No one knows what the other guy gets

UNLESS we live in pure socialism, and well, blame Tom and Ben and George that we live in a capitalistic society, not our current President.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

113 replies

= new reply since forum marked as read

Highlight:

My sis found this on FB: "Now that the Dow is at an all time high ... [View all] Scuba May 2013 OP

silly naive quote. graham4anything May 2013 #1

ROFL NutmegYankee May 2013 #2

People who didn't like Ronald Reagan should have voted for Jimmy Carter in 1980. graham4anything May 2013 #3

non sequitur NutmegYankee May 2013 #5

Well... but we're talking about the Dow and trickle down. Squinch May 2013 #11

I like pop tarts. nt Javaman May 2013 #91

What's funny about that, many of the middle class have those treestar May 2013 #39

Pensions are a rare thing for the baby boomers. Mostly only public employees have them in my JDPriestly May 2013 #96

I was laughing because so few have them. NutmegYankee May 2013 #113

Seriously, pensions? Now that is funny! mountain grammy May 2013 #42

Don't Laugh, Not Everyone Is Left Without One mimi85 May 2013 #108

everybody doesn't have a pension fund, graham. in fact, most people don't. HiPointDem May 2013 #4

one forgets a major economic point graham4anything May 2013 #6

go, word-salad man! HiPointDem May 2013 #7

Who are we actually talking about here? Could it be a baby boomer and/or a parent of one? graham4anything May 2013 #9

I don't know where you get your information, but you're flat out wrong on SS. Fuddnik May 2013 #17

I've read many times that SS was intended as a SUPPLEMENT for seniors... Honeycombe8 May 2013 #47

That's what I mean. During the depression seniors DIDN'T nave anything to supplement. Fuddnik May 2013 #54

I agree. But for the middle class, it doesn't replace SAVING for retirement. Honeycombe8 May 2013 #60

You should save. You have to understand that right now, seniors who are saving in JDPriestly May 2013 #99

Nice post, bookmarked bahrbearian May 2013 #63

You have been misinformed. JDPriestly May 2013 #98

Airplane glue! CrispyQ May 2013 #81

"Penguin dust, bring me penguin dust, I want penguin dust--" HiPointDem May 2013 #83

Value in our homes was "unstable"? AllyCat May 2013 #18

I bought my NJ home for about $160. It skyrocketed to $650 in value, but now about $400 graham4anything May 2013 #22

You are advocating I walk away from my house? Fold and walk away? AllyCat May 2013 #35

take Walmart and the Sam Walton Family (please) graham4anything May 2013 #43

Well. That settles it then. Everyone was greedy, and so now they must pay. Squinch May 2013 #45

Have you ever read a basic investment book? Honeycombe8 May 2013 #48

The first line of your response sounds snarky. Forgive if that's not true... AllyCat May 2013 #55

Oh, no, I didn't mean it that way. But reading it now, it looks like it. Honeycombe8 May 2013 #57

"safe as houses" annabanana May 2013 #87

Whatever the initial intent, the fact is that many people would have nothing w/o SS. AnnieK401 May 2013 #21

That may be true, but is irrelvant, and to add graham4anything May 2013 #27

You obviously totally misunderstood my post. This makes little sense. AnnieK401 May 2013 #29

Annie, I'm starting to see a pattern. AllyCat May 2013 #36

Let's also not forget that millions wouldn't have enuf to live on w/o 401ks and pensions. Honeycombe8 May 2013 #49

I don't think anyone's saying that the stock market going up is a bad thing AnnieK401 May 2013 #65

No one knows why the stock market goes up and down. Honeycombe8 May 2013 #94

"greedily hope" Hissyspit May 2013 #25

You sound like Mitt Romney not only in content but in form and style Bluenorthwest May 2013 #26

Here's a baby boomer The Wizard May 2013 #31

Seriously . . . he is "Evil RandomThoughts" HughBeaumont May 2013 #73

You are capable of being coherent, you slip up every once in a while and make sense Fumesucker May 2013 #8

Snarf... trumad May 2013 #10

It's an AI, Artificial Inanity n/t Fumesucker May 2013 #12

This still doesn't relate to the OP. We're talking about the Dow and the con of "trickle" Squinch May 2013 #13

Gee. It's a good thing I wasn't taxed on those "freebies". Fuddnik May 2013 #15

NO, you did not take less pay unless you only took the job for the healthcare. graham4anything May 2013 #24

No, I was on the Union bargaining team. Fuddnik May 2013 #58

Who is talking retirement money? I am talking 20-70 year olds working for today's doctor bills graham4anything May 2013 #61

You are entirely wrong again. Fuddnik May 2013 #104

I am talking about health insurance NOW.You are talking 50 years from now. graham4anything May 2013 #109

"I'm Mitt Romney, and I approve this message"....... lastlib May 2013 #16

Jesus fucking Christ. Defending trickle-down. Hissyspit May 2013 #23

How did you make it to 8,000 posts here? DJ13 May 2013 #78

graham4anything, no one gets health care for free. JDPriestly May 2013 #97

This chart shows that... reACTIONary May 2013 #19

But those other people aren't better off if the middle class people with pension funds treestar May 2013 #40

Your chart doesn't say how many workers had, or had access to, 401ks and pensions. Honeycombe8 May 2013 #46

"Everyone's pension funds" = silly naive quote Cal Carpenter May 2013 #14

"The market" has exactly zero affect on a pension, other than the "health" of the fund. Thor_MN May 2013 #20

your last line, exact opposite imho graham4anything May 2013 #28

You need to learn the difference between opinions Cal Carpenter May 2013 #30

disuptive only to an echo chamber. Conversation is never disruptive if one wants to converse. graham4anything May 2013 #33

Seriously? You think everyone has pensions? Thor_MN May 2013 #34

people do still have pensions - thanks to our union we still have a pension leftyohiolib May 2013 #44

SOME people have pensions. The majority do not. Thor_MN May 2013 #50

and i was replying to your statement leftyohiolib May 2013 #85

Sorry for not qualifying. MOST corporations have ditched pensions Thor_MN May 2013 #86

+1 for Unions Go Vols May 2013 #52

If you think the market has no effect on a pension you are grossly deceived. dkf May 2013 #69

I said that the market affects the health of the plan. Thor_MN May 2013 #71

Since most pensions are underfunded this is a not insignificant consideration. dkf May 2013 #72

Not insignificant, just not that relevant to the discussion I was in. Thor_MN May 2013 #74

When pensions are better funded they can improve their options. dkf May 2013 #75

Again valid, but still not relevant to my posts Thor_MN May 2013 #76

Those who are left will be in excellent shape and with their nice pensions will be happy as clams. dkf May 2013 #77

True, but irrelevant Thor_MN May 2013 #80

Actually there are a group of pensioners who could benefit. dkf May 2013 #79

More likely to benefit the firm letting the policy. Thor_MN May 2013 #82

That's what I've been trying to tell that bozo disruptor about pensions. Fuddnik May 2013 #106

Pension fund? Surely you jest. pangaia May 2013 #32

My pension was replaced by a 401k years ago toddaa May 2013 #38

Actually, probably not. You mean 401ks, I think. Honeycombe8 May 2013 #41

You're even defending Trickle Down economics now? Marr May 2013 #62

Congrats on a successful hijack. nm rhett o rick May 2013 #67

Pension? SalviaBlue May 2013 #70

WHO has a pension anymore? abelenkpe May 2013 #92

Asset allocation GeoWilliam750 May 2013 #93

For a short time. Until the Wall Street gamers decide to take their profits and clean the accounts JDPriestly May 2013 #95

Everyone's pension funds? pnwmom May 2013 #101

in what dream world do you live? Skittles May 2013 #105

derp der-derpity-derp Nanjing to Seoul May 2013 #111

I have a defined benefit plan quaker bill May 2013 #112

I don't agree treestar May 2013 #37

True. Some people who got laid off also lost their 401ks during the recession. Honeycombe8 May 2013 #51

And they would have that money to spend treestar May 2013 #56

Apparently you don't understand trickle-down. jeff47 May 2013 #64

The Dow isnt related to the economy of the 99%. rhett o rick May 2013 #68

I think this quote is dead right and doesn't suggest anything more than it says. mountain grammy May 2013 #53

She should write back that is because you only deserve Bullshit. southernyankeebelle May 2013 #59

Most people's 401Ks would only last a year (maybe two) without Social Security. reformist2 May 2013 #66

Better look at your life insurance and annuities ....... Historic NY May 2013 #84

very cute heaven05 May 2013 #88

Trickle down economics is, was, and has always been complete bullshit. Initech May 2013 #89

So what's the name of this bubble? They seem only to get named after they burst. rhett o rick May 2013 #90

The Crash of 2015 is due in October -by Thom Hartmann ErikJ May 2013 #100

Trickle Up, No More Trickle Down NBachers May 2013 #102

graham4anything is the biggest troll on the internet. ForgoTheConsequence May 2013 #103

Kick and Rec! Fuddnik May 2013 #107

I certainly don't mind that some people are doing well bhikkhu May 2013 #110