“Renters can be tossed on 30-60 days notice, or at the end of their lease, whichever comes first.”

I think you mean, “whichever comes later”. A landlord CANNOT throw out a tenant (except for non-payment of rent) until a lease is over. And in certain situations, at least in MA, the landlord cannot refuse to renew the lease, without opening himself up to a lawsuit.

You are the world’s largest turd incarnate.

You should get a medal for all of the bull**** you shovel.

Go get ‘em

This is the last thing I’ll say about this subject (time to let it go).

It’s like Barry is throwing a party at his house. He begins a topic of conversation, and then he leaves to attend to other matters.

Most of the guests are interesting, engaging and usually courteous. If the topic turns to real estate, here comes a Nusbaum. He thinks he’s the smartest guy in the room, he dominates the conversation. His points are often obvious, inconsistent, dogmatic and supported with incomplete or misleading evidence.

As a guest, you have choices. You can quietly leave. You can engage in unsatisfying argument. You can try to shame him into silence. It doesn’t matter what you choose, the pleasure of the conversation is gone.

And here’s the frustrating part. Nusbaums usually don’t cross the line requiring the host to throw them out. They’re clever confrontation-seeking jackals, gotta hand it to them.

For my part, I apologize for baiting the Nusbaums. It’s just hard to leave the party without saying a word.

Ha. I feel like every blog has been “Nusbaumed” lately…trying to sell his book that Kiyosaki, Trump and others have all written before him.

You could see a visible difference in traffic on Freeways, malls, stores etc. I would like to know the others experience from differnt parts of the country

Thanks,
Oil Shock

One of the most incredible football games I ever saw on TV was when USC came to Notre Dame and was down something like 35 to zip to the Irish at halftime.

(if memory serves)

But, if anybody turned off the TV at that point, they then missed the second half… and the 56 unanswered points that USC scored to win 56-35.

You’ve illustrated at least 3 supporting elements of the concept of attained infinite productivity associated with owning a house.

These core elements are no different for any solvent (the key word is ’solvent’ and the potential buyer is the most responsible party in controlling solvency) house owner, regardless of his amounts of the possession of wealth.

Consequently, they are intangible and un-priceable elements that in a core fashion are not improvable once attained.

-satisfaction of known future costs
-ultimate control over structure
-can not be terminated as occupant

It may be thought silly to compare ourselves to Warren Buffett or Bill Gates as it relates to their, and our, mutual possession of these intangibles, however once a solvent owner attains these 3 elements for a core residency, they can be no better possessed by Gates or Buffett than by anyone else.

Buffett has almost said as much, that can be derived from his own words on wealth, its possession and uses.

1. Some people like to tinker with their living space. Yes, it’s true. Some people take pleasure in being able to modify or customize their living space (e.g., knocking down walls, building an outdoor deck, redoing a bathroom, expanding a closet, adding a dog run, etc.) Can’t really do that as a renter.

2. Social prestige. I may get flammed for this one, but we know there is some truth here. Owning your place, especially in SF (where I live), Manhattan, etc., carries a great deal of social prestige. It certainly impresses the hell out of potential dates,
inlaws, etc. Many people view it as a sign that you are successful (especially if you are under 35). Some people, misguided as they may be, still look down their nose at “the renters.”

3. The security of knowing somebody else cannot throw you out. Excepting markets with eviction controls, a homeowner knows that so long as he pays the mortgage, he can stay. Renters can be tossed on 30-60 days notice, or at the end of their lease, whichever comes first.

4. The security of knowing what your mortgage payment will be (applies only to those without ARM’s). I know exactly what my mortgage payment will be for the next 12 years. Renters only know for the next 30-60 days, or to the end of their current lease term, which is not likely to be more than one year. For all they know, rent may be 30% higher 5 years from now.