Comments on: Your Money Is Dumb http://www.consumerismcommentary.com/2005/08/11/your-money-is-dumb/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sun, 08 Nov 2009 07:50:42 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: mbhunter http://www.consumerismcommentary.com/2005/08/11/your-money-is-dumb/#comment-773 mbhunter Tue, 16 Aug 2005 20:31:37 +0000 http://wp.consumerismcommentary.com/?p=446#comment-773 I refinanced recently and man, they were pushing me hard to take money out! Way too many people are "withdrawing" way too much from the First Bank of Home Sweet Home. Besides the temptation to pull out equity because of home appreciation, it's also equally tempting to fantasize about how much I could be making if I just took on a lot of debt and purchased a couple of being-built homes. There are too many people chasing too few deals to make that a reasonable outcome, though. I refinanced recently and man, they were pushing me hard to take money out! Way too many people are “withdrawing” way too much from the First Bank of Home Sweet Home. Besides the temptation to pull out equity because of home appreciation, it’s also equally tempting to fantasize about how much I could be making if I just took on a lot of debt and purchased a couple of being-built homes. There are too many people chasing too few deals to make that a reasonable outcome, though.

]]> By: Jonathan http://www.consumerismcommentary.com/2005/08/11/your-money-is-dumb/#comment-772 Jonathan Tue, 16 Aug 2005 06:23:09 +0000 http://wp.consumerismcommentary.com/?p=446#comment-772 I think the official name for that is the Greater Fool Theory. I think the official name for that is the Greater Fool Theory.

]]> By: savvy saver http://www.consumerismcommentary.com/2005/08/11/your-money-is-dumb/#comment-771 savvy saver Fri, 12 Aug 2005 18:11:50 +0000 http://wp.consumerismcommentary.com/?p=446#comment-771 Before the bit dot-com bust, I remember reading an article that basically said (I'm paraphrasing here) "when you are buying ::insert dot-com company here::, a company that hasn't made a profit yet, at $100/share, you are basically betting that someone else will be even dumber than you and pay $120/share." We were considering buying an investment property recently, but I'm really wary of the real estate market right now. I'm sure there are still good investments out there, but it is a lot of work to sort through the garbage. Since we aren't in a hurry, we decided to wait to see how it all shakes out. erin <a href="http://savvysaver.blogspot.com" rel="nofollow">Savvy Saver</a> Before the bit dot-com bust, I remember reading an article that basically said (I’m paraphrasing here) “when you are buying ::insert dot-com company here::, a company that hasn’t made a profit yet, at $100/share, you are basically betting that someone else will be even dumber than you and pay $120/share.”

We were considering buying an investment property recently, but I’m really wary of the real estate market right now. I’m sure there are still good investments out there, but it is a lot of work to sort through the garbage. Since we aren’t in a hurry, we decided to wait to see how it all shakes out.

erin
Savvy Saver

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