Comments on: My friend was about to buy a million-dollar house with no research http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research/ Personal finance blog for college students, recent graduates and everyone else -- including entrepreneurship -- for getting rich. Featured in the Wall Street Journal and New York Times. Sat, 20 Mar 2010 06:08:12 -0700 http://wordpress.org/?v=abc hourly 1 By: Are Higher House Prices a Good Thing? « For Your Edification http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research/comment-page-2/#comment-122414 Are Higher House Prices a Good Thing? « For Your Edification Wed, 10 Mar 2010 13:57:34 +0000 http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research#comment-122414 [...] the illusion persists, whether it’s my friend wanting to buy a million-dollar house with no research, or people saying things like, “I wish I’d bought more real estate” after incurring a paltry [...] [...] the illusion persists, whether it’s my friend wanting to buy a million-dollar house with no research, or people saying things like, “I wish I’d bought more real estate” after incurring a paltry [...]

]]> By: Why do we assume that higher house prices = good? | I Will Teach You To Be Rich http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research/comment-page-2/#comment-122396 Why do we assume that higher house prices = good? | I Will Teach You To Be Rich Wed, 10 Mar 2010 07:35:34 +0000 http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research#comment-122396 [...] the illusion persists, whether it’s my friend wanting to buy a million-dollar house with no research, or people saying things like, “I wish I’d bought more real estate” after [...] [...] the illusion persists, whether it’s my friend wanting to buy a million-dollar house with no research, or people saying things like, “I wish I’d bought more real estate” after [...]

]]> By: Deciding on Home Ownership http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research/comment-page-2/#comment-110923 Deciding on Home Ownership Tue, 01 Sep 2009 04:18:37 +0000 http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research#comment-110923 [...] renting. You have to run the numbers yourself. Spreadsheet templates are an excellent solution to running the numbers easily. Find out and don’t just fall into the common myths of [...] [...] renting. You have to run the numbers yourself. Spreadsheet templates are an excellent solution to running the numbers easily. Find out and don’t just fall into the common myths of [...]

]]> By: Financial Guru Review: Ramit Sethi http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research/comment-page-2/#comment-103510 Financial Guru Review: Ramit Sethi Thu, 16 Jul 2009 23:58:24 +0000 http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research#comment-103510 [...] to buy a house. Do you want a place to own or are you looking for an investment? He expects you to run the numbers thoroughly because this is probably the biggest purchase you’ll make. He argues that too many people rush into buying a home with being financially [...] [...] to buy a house. Do you want a place to own or are you looking for an investment? He expects you to run the numbers thoroughly because this is probably the biggest purchase you’ll make. He argues that too many people rush into buying a home with being financially [...]

]]> By: figer http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research/comment-page-2/#comment-100824 figer Wed, 10 Jun 2009 19:37:42 +0000 http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research#comment-100824 What about purchasing to rent when you know that rent already covers the mortgage, insurance and taxes, plus a little return and then once the mortgage is paid off in 20-30 years of your fixed rate you will have pretty good cash flow of $3500 a month. What about purchasing to rent when you know that rent already covers the mortgage, insurance and taxes, plus a little return and then once the mortgage is paid off in 20-30 years of your fixed rate you will have pretty good cash flow of $3500 a month.

]]> By: Financial Guru Review: David Bach http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research/comment-page-2/#comment-100818 Financial Guru Review: David Bach Wed, 10 Jun 2009 18:09:25 +0000 http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research#comment-100818 [...] David Bach believes that owning a home is a big component of building wealth. He presents his six reasons why owning a home is a great investment. Ramit Sethi may argue that not everyone benefits from homeownership, you have to run the numbers.  [...] [...] David Bach believes that owning a home is a big component of building wealth. He presents his six reasons why owning a home is a great investment. Ramit Sethi may argue that not everyone benefits from homeownership, you have to run the numbers.  [...]

]]> By: lee http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research/comment-page-2/#comment-100591 lee Mon, 08 Jun 2009 10:12:07 +0000 http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research#comment-100591 re: the patrick.net site, and the argument that owning costs more money than renting due to maintenance, taxes, fees, etc... that argument is silly and specious: there might be anomalies in the short run, but in the long run owners rent to COVER THEIR COSTS, which includes things like maintenance, taxes, fees, etc... re: the patrick.net site, and the argument that owning costs more money than renting due to maintenance, taxes, fees, etc…

that argument is silly and specious: there might be anomalies in the short run, but in the long run owners rent to COVER THEIR COSTS, which includes things like maintenance, taxes, fees, etc…

]]> By: How Mortgages Create and Decimate Wealth | All The News http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research/comment-page-2/#comment-100483 How Mortgages Create and Decimate Wealth | All The News Sat, 06 Jun 2009 07:34:02 +0000 http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research#comment-100483 [...] itching for some good discussion, you can read a great debate on this subject at Ramit’s I Will Teach You To Be Rich and a breakdown of the financial decision to Buy vs. Rent from Jim at Blueprint for Financial [...] [...] itching for some good discussion, you can read a great debate on this subject at Ramit’s I Will Teach You To Be Rich and a breakdown of the financial decision to Buy vs. Rent from Jim at Blueprint for Financial [...]

]]> By: Joe Yeung » The Economic Depression: What To Do? http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research/comment-page-2/#comment-89033 Joe Yeung » The Economic Depression: What To Do? Fri, 13 Feb 2009 03:46:21 +0000 http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research#comment-89033 [...] if you’re making the largest purchase of your life, you need more than a slogan — you need to take the responsibility to do some research. (And note that you can’t advocate for increased homeownership and also argue for Americans to [...] [...] if you’re making the largest purchase of your life, you need more than a slogan — you need to take the responsibility to do some research. (And note that you can’t advocate for increased homeownership and also argue for Americans to [...]

]]> By: Married Homeowner http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research/comment-page-2/#comment-88999 Married Homeowner Thu, 12 Feb 2009 21:01:59 +0000 http://www.iwillteachyoutoberich.com/blog/my-friend-was-about-to-buy-a-million-dollar-house-with-no-research#comment-88999 "When the only tool you have is a hammer, every project looks like a nail." Meaning: f your one-track mind considers nothing but ROI, then every situation in life becomes an investment. The point: a house isn't always an investment; for some people it's actually a place to live. “When the only tool you have is a hammer, every project looks like a nail.” Meaning: f your one-track mind considers nothing but ROI, then every situation in life becomes an investment. The point: a house isn’t always an investment; for some people it’s actually a place to live.

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