PLFXpert

Paint me in a corner, but my color comes back.

Paint me in a corner, but my color comes back.

Or at the very least have replied "Bugs Bunny cartoons..." instead of Marvin the Martian. Gosh! Paint me in a corner, but my color comes back.

I like you. Paint me in a corner, but my color comes back.

Cut it off. Paint me in a corner, but my color comes back.

Yup.

Oy vey. You don't spend much time here, do you? Paint me in a corner, but my color comes back.

This is just a peeve, mind you but... I don't think you were responding to me. Paint me in a corner, but my color comes back.

Not bad, for a Canadian. Paint me in a corner, but my color comes back.

We got a little crazy but, we never got caught. Yeah. Eee. Yee. Hoo. Paint me in a corner, but my color comes back.

But, I was going to learn to swim and who I was. Paint me in a corner, but my color comes back.

But, wait--isn't that what Richards was talking about? Thus what I meant by a home always being an investment (be it a good/bad one, preferred/not preferred one, intended to be/not intended to be one). A vacation home is often purchased more for desire to getaway rather than turn a profit. Still, it's not likely when the owner sells they will not turn a profit, albeit it potentially small. But relatively speaking, vacation homes typically have larger returns given their location so... Yup, sticking to home always being an investment. Paint me in a corner, but my color comes back.

Given what info you have given us, my personal opinion would be sell now, not later. It's unfortunate you will take a hit financially, but cut your losses now and take less of a hit then what you'd potentially lose when you were hoping to sell/upgrade. Paint me in a corner, but my color comes back.

I have a natural affinity for real estate. I chose what & where I would buy my first home carefully. It seems I could get a 16%/year (worst-case scenario & not including dividends) return on my home if I sold today which admittedly is about 6% less/year than I was expecting before the market plummeted. Still, it would potentially make a lot of sense for us to sell and upgrade--and yes, put the equity on this home down on our next. We would sell this home for 12% less than what our home might have sold for before the market turned (leaving us with the 16%/year return) and upgrade buying a more expensive home that has simlilarly been reduced by 12% or likely more given the market is even tougher on the higher-priced homes at this time. Given that we have time on our hands, the more expensive property will yield a better return than our current home once the market changes again--which it inevitably will. For us personally, there's still a lot to consider. Either way--stay or go--we'll have done well. Furthermore: We have talked extensively about getting into just this after we're into our second (next) home.

It seemed to me we were talking about whether or not it was an investment at all, not what type of investment choice it was. To the rest of what you said I agree and disagree with certain points. Paint me in a corner, but my color comes back.

Um...I want to agree or disagree with you here. Care to elaborate? My position is a home is always an investment. Paint me in a corner, but my color comes back.

When I first saw Sabre I scooped him up out of his box and said to Billy, "I'll hug him, and squeeze him, and call him Sabre." Paint me in a corner, but my color comes back.

I was waiting for that! No. No. I'm sure it has something to do with the polarization of light in a photic environment. Paint me in a corner, but my color comes back.

It's pouring down rain here and we have skylights in our bathrooms. I just noticed if I de-focus my eyes just slightly it actually looks like I can see it raining in my bathroom below the skylights. Super-cool. And no, it's far too early for me to have already had my first glass of wine. Paint me in a corner, but my color comes back.

Sadly, I'm sure many Paris disciples did the same thing when word spread she would be sent back to jail. Paint me in a corner, but my color comes back.

I was in first grade. I remember the tribute to the Challenger though set-up as you entered my elementary school. Still: Challenger, Sept. 11th...OJ Simpson? I mean, I was in the middle of baking a very important chemical apple pie made without apples and lots of Ritz crackers when they stopped me to watch that verdict. Paint me in a corner, but my color comes back.

B/c everything is relative, including anonymity. Paint me in a corner, but my color comes back.

I've been lobbying for this for years. (Kidding) Unfortunately, here you will find many will defend and/or sympathize with anyone regardless of anyone's obvious stupidity. Paint me in a corner, but my color comes back.

Yes, in my high-school & college days only twice was my class interrupted due to breaking news: 1. September 11th 2. The OJ Simpson verdict Paint me in a corner, but my color comes back.

That's EXACTLY what I do when I have a giftcard I have no desire to use on myself. Paint me in a corner, but my color comes back.