OCCUPY WALLSTREET!

[Samoht]

Originally Posted by vaylorie [You must be logged in to view images. Log in or Register.]

have a great job that pays well, work hard and am valued in the workplace

Yeah, so valued, that you can argue on an Internet message board all day and not be missed.

Originally Posted by vaylorie [You must be logged in to view images. Log in or Register.]

have a wonderful wife and 2 kids

That you love so much that you spent quality time with all evening... No, you were obsessing over Hasbinbad's every word and waiting on him to respond.

Originally Posted by vaylorie [You must be logged in to view images. Log in or Register.]

you own a home

You don't own your home, your mortgage company does. You're probably in debt up to your eyeballs because of it, and it would take you more than 5 years salary dedicated 100% to paying it off to get out, but if you wish to call that success, go ahead. I'm still not envious.

Originally Posted by Jerry Garcia [You must be logged in to view images. Log in or Register.]

You're a renter.

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[vaylorie]

Originally Posted by Samoht [You must be logged in to view images. Log in or Register.]

Yeah, so valued, that you can argue on an Internet message board all day and not be missed.

Yes.

Originally Posted by Samoht [You must be logged in to view images. Log in or Register.]

That you love so much that you spent quality time with all evening... No, you were obsessing over Hasbinbad's every word and waiting on him to respond.

Yes. Lucky for me, my kids are visiting family so I have the luxury. Thanks for your concern.

Originally Posted by Samoht [You must be logged in to view images. Log in or Register.]

You don't own your home, your mortgage company does. You're probably in debt up to your eyeballs because of it, and it would take you more than 5 years salary dedicated 100% to paying it off to get out, but if you wish to call that success, go ahead. I'm still not envious.

Thanks for the assumptions and concern about my finances. I'll go into a little detail for you as you don't seem to understand some things. First of all, sorry, not everyone wants to live in their parents basement. There is a concept I would suggest you look into called equity. For example, my homes current fair-market value is 365K, I owe probably 295K or so since I recently purchased (about 2 years). Even if I took a bath during a sale I would come out ahead due to equity. My payment is $2100 a month @ 4% (including taxes). Technically it would take me less than 2 years dedicated salary to pay it off. I bought after the market went down and got a 4% loan due to having established loan history (based on your previous comments you don't understand this either)

In spite of my mortgage and veritably no other real debt, I still find a way to put away about 1.5K a month into savings / etc.

Just out of curiosity, how much equity do you have in your parents basement?

Come back when you have some perspective and can discuss being a 'slave to the big banks'...

[Samoht]

Originally Posted by vaylorie [You must be logged in to view images. Log in or Register.]

Thanks for the assumptions

Let's play a game around assumptions here, shall we. One of the following statements is correct about the other. Can you guess which?

Originally Posted by vaylorie [You must be logged in to view images. Log in or Register.]

not everyone wants to live in their parents basement.

Originally Posted by Samoht [You must be logged in to view images. Log in or Register.]

You're probably in debt up to your eyeballs because of it

Hint:

Originally Posted by vaylorie [You must be logged in to view images. Log in or Register.]

my homes current fair-market value is 365K, I owe probably 295K

Ouch. Now let's talk about perspective.

Originally Posted by vaylorie [You must be logged in to view images. Log in or Register.]

Come back when you have some perspective and can discuss being a 'slave to the big banks'...

You obviously work because you have to, not because you want to. That makes you a slave. On the other hand, I've realized the farce of the American housing market and rent from an individual without any kind of lease or contract. If I each of us were to try to leave our homes in the next 5 years, I would come out no worse, and you would have a hell of a time getting anywhere near the "fair market value" in this economy.

Originally Posted by vaylorie [You must be logged in to view images. Log in or Register.]

how much equity do you have in your parents basement?

While we're waving dicks: I'm younger than 30, drive a sports car that I ordered brand new from the manufacturer less than 5 years ago...

Originally Posted by vaylorie [You must be logged in to view images. Log in or Register.]

I bought after the market went down and got a 4% loan due to having established loan history (based on your previous comments you don't understand this either)

...and work as a team lead for the largest financial firm in America. I currently have 3 people working directly under me, and a requisition to get a contractor as a fourth. I have zero fiscal responsibilities; zero debt.

If I wanted to drop my life and live in luxury in a foreign country, I could. You couldn't even afford to leave your house, haha. Fortunately for me, I like Texas. I'm living where I want to live, working because I want to work.

That's why you're a slave to the institution.

And despite all of that, I'm still capable of realizing a travesty when I see one. So while you gloat about your $2100 a month rent payment (I seriously hope you're not saving 1.5k a month instead of putting it towards the principal on that loan, the 0.05% interest rate your bank is paying you is considerably less than the interest rate on your mortgage), I know that that's more payment than any red-blooded American ever needs to get by. That must be your problem. You seem disconnected from the common man. Disconnected from reality. It's definitely not the norm for the common American to waste that much on a house.

[vaylorie]

Originally Posted by Samoht [You must be logged in to view images. Log in or Register.]

...and work as a team lead for the largest financial firm in America.

Welcome to Occupy Wall Street /chuckle

[Jerry Garcia]

Originally Posted by Samoht [You must be logged in to view images. Log in or Register.]

Let's play a game around assumptions here, shall we. One of the following statements is correct about the other. Can you guess which?




Hint:



Ouch. Now let's talk about perspective.



You obviously work because you have to, not because you want to. That makes you a slave. On the other hand, I've realized the farce of the American housing market and rent from an individual without any kind of lease or contract. If I each of us were to try to leave our homes in the next 5 years, I would come out no worse, and you would have a hell of a time getting anywhere near the "fair market value" in this economy.

While we're waving dicks: I'm younger than 30, drive a sports car that I ordered brand new from the manufacturer less than 5 years ago..

...and work as a team lead for the largest financial firm in America. I currently have 3 people working directly under me, and a requisition to get a contractor as a fourth. I have zero fiscal responsibilities; zero debt.

If I wanted to drop my life and live in luxury in a foreign country, I could. You couldn't even afford to leave your house, haha. Fortunately for me, I like Texas. I'm living where I want to live, working because I want to work.

That's why you're a slave to the institution.

And despite all of that, I'm still capable of realizing a travesty when I see one. So while you gloat about your $2100 a month rent payment (I seriously hope you're not saving 1.5k a month instead of putting it towards the principal on that loan, the 0.05% interest rate your bank is paying you is considerably less than the interest rate on your mortgage), I know that that's more payment than any red-blooded American ever needs to get by. That must be your problem. You seem disconnected from the common man. Disconnected from reality. It's definitely not the norm for the common American to waste that much on a house.

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[vaylorie]

A couple notes.
1) It's not about 'waving dicks' just don't try to judge home ownership and my personal financial situation.
2) Fair market value is assuming a 2011 market. (note why I mentioned that I could even take a bath and come out well ahead)
3) do you work because you want to? I thoroughly enjoy my job, but in fairness, if I didn't need to work, I would probably stay home with my family.
4) Again, you aren't understanding, home ownership (unless you are upside down) doesn't mean that you have to pay off your home before moving (technically it does but not in the sense of cash out of pocket). I can sell my home (probably 90 days minimum in this market depending on where it is priced)
5) My home is certainly not excessive.
6) Thanks for the financial advice, as a best practice I try to keep all of my money in accounts that generate no interest or at least as low as I can get. You blew my doors off with that one. Do I need to cut you a check or anything?

Again... You view home ownership as a burden. Two things I left out previously. 1) Typically homes are an appreciable asset (we will see going forward as the last decade was filled with false appreciation) so theoretically can/will gain value over time. 2) Interest paid on mortgages is tax deductible.

To each his own my friend but I don't think your assessment of home owners being a slave to the institution is valid.

[You must be logged in to view images. Log in or Register.] More importantly / humorous again from the OWS supporter.....

Originally Posted by Samoht [You must be logged in to view images. Log in or Register.]

...and work as a team lead for the largest financial firm in America.

[Samoht]

Originally Posted by vaylorie [You must be logged in to view images. Log in or Register.]

my homes current fair-market value is 365K

Originally Posted by vaylorie [You must be logged in to view images. Log in or Register.]

My home is certainly not excessive.

Man, you got gypped.