Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: pgerassi who wrote (115310)	6/10/2000 2:33:00 PM
From: Pravin Kamdar	Respond to of 1571928

Pete, At the beginning of the year, I had a strong desire to buy a house (my ex got the last one) and re-establish the kind of lifestyle that I had been used to. Fortunately, I had the strength to rent a town house, instead, and keep my money invested in AMD. Needless to say, I do not regret that decision for a second. By the end of 2001, I will be able to sell a small part of my AMD holdings and buy a nice house of my choosing. Pravin.

To: pgerassi who wrote (115310)	6/11/2000 2:53:00 AM
From: Joe NYC	Respond to of 1571928

Pete, OT Agreed on almost everything in your post. But it is a matter of personal preference on apartment vs. house, and after growing up in a huge house with a lot of land, I don't see the attraction of it anymore, except that my daughter is missing on the experience, so I have to make it up somehow. Again, if you need mobility, buying is a bad idea. But if you look at identical property, and if you plan to stay there for some time, you will most likely come out ahead buying, because landlords are not charitable organizations (except in places like New York City, where the Democratic commissars confiscated a huge percentage of real estate, leaving the title, tax bill and maintenance bill to the original owners, but the bureaucrats set the rents). Anyway, if I had the same option of renting a 2 BR apartment for $750 (that you mentioned), I would gladly take it. But a similar apartment in NYC (on the free portion of the market, not the confiscated one) will set you back around $4,000, which is more than my mortgage payments + maintenance / tax etc. costs me pre-tax (after 25% down payment). Joe