What if your parents had chosen your mate?
9 years ago
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- 9 years ago
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What would your home look like if your spouse had to decorate?
Comments (52)Tannantok, you're describing my DH's place when I met him! He also had a beer can collection growing on his back patio. He owned virtually no dishes (eating out of the pan was the norm). When you walked in the door you were greeted by a picture of a big haired blonde wearing suspenders and not much more. Laminated to a piece of charred wood. Given to him by his mother. Current decorating would be blankets tacked up to the windows, but he'd also have 1000 watt lights all over the place. I tell him the sun would not provide enough light for him. Clothing would adorn all the lamp shades (if he used lamp shades at all...probably adorn the curtain rods. Bathtowels would be the floor mats. Steak knives would pin up things to the walls, and EVERY wall would have something pinned to it. He'd have a ginormous sofa with blankies and his dogs. No pillows, except for what was on the floor. And every cupboard would be doorless and the drawers self closing....See MoreIs Your Taste/Aesthetic Influenced by Your Childhood/Parents?
Comments (50)Absolutely!!! When I was 11 and saw the carpet color my mom had chosen for my bedroom in our new home, I cried and cried. She liked it and some designer had suggested it, so she didn't even consider changing it. I STILL hate that color with a passion (a dark rosey mauve). The rest of our house was cream and peach and grey. We had a living room with ultra plush cream carpet that we were not allowed to enter, except for photos. It had to be carefully vacuumed with perfect lines (like a baseball field). We had built-in laminate desks in the office and master bedroom that never opened or closed properly, and were always getting chips. We had cream laminate with oak trim kitchen cabinets. And of course, unimaginative art show 3-D artwork whose only merit was that it matched the pillows. When my parents had to replace their grey carpet last year, my mom chose a very light cream plush (this was for the stairs too). And when they renovated their kitchen with granite and stainless, they thought it perfectly great to leave the hideous laminate cabs. More than that, though, I just never could understand their purchasing decisions. They always went with cheap quality (not necessarily cheap cost)/immediately available. So everything was always breaking and needing to be replaced - the garbage disposal, the garage door, our cheaply made clothes purchased at full retail. My father still brags about the amazing deals he's gotten on his new unheard-of brand camera or MP3 player (which are predictably never working 2 weeks later). Thankfully, my husband and I are of one mind and always carefully search for the right item, well-made, and if we can't afford quality (paid for in cash), we wait. Quality is always cheaper and less effort in the long run. I search Ebay, Goodwill, and Craigslist. I don't pay retail for anything except groceries. And of course, my mom hates my house, with its British Colonial/Spanish design, antique furniture, wood floors, hand-knotted rugs, and rich colors. My husband and I aren't wealthy, just patient and determined to have things that last. Life's too short!...See MoreWhat are your “must-haves” or “wish I had” for your dream home
Comments (49)so you would know that leverage increases risk. This is not true. A levered firm will be more risk than the same firm unlevered. However, that is different than saying that leverage increases risk for several reasons. Essentially, the overall risk of adding debt to a firm depends on the overall risk of the underlying assets. For example, $100 invested in Enron stock in September of 2000 was more risk than having $100 invested in Enron and $100 invested in Apple, even if your marginal debt is $100. Moreover, this is largely not true for highly liquid assets. Essentially, having $100 and owing $100 is the same financial position as having $0 and owing $0. Looking at our example, you have added $500,000 of debt, but you have also added $500,000 of highly liquid investments. you had a good run in the longest bull market in history but it could also have gone the other way and you could have lost your 500k investment and now the bank owns your home. This statement is incorrect for several reasons. First, I have been doing this for 25 years now so the recent bull market isn't really relevant. Since the 1929 collapse (when the modern market was introduced) there has not been a single down five year period, and only a couple of small down three year periods. I put money in the market in 2003 and after 2008 I was still in the black. Meanwhile my house wasn't liquid at all. So had I needed cash, I would have had it available, the credit freeze didn't bother me at all. Additionally, the equity market recovered much faster than housing, two years after the collapse the market was back at 95% of pre-crisis value. Next, properly diversified investment portfolios don't just go to zero. They may lose some value, but it isn't like one day you have money and the next day you don't. One day you have money and the next day you have a bit less. Finally, houses are riskier. It is much more likely that your house will decrease in value than it is your investment portfolio will decrease in value. Above you mentioned a scenario where I could lose my house. However, in reality it is much more likely to lose your house or health from a maintenance issue. The house that is across from one my rentals has a foundation problem, the owner who purchased it in January of 2011 for $210,000 cash just sold it for $130,000 in November of 2018. Had he financed $168,000 and invested that amount he would have had $401,000 in investments and maybe fixed the house instead of giving it away because he can't afford the $80,000 to repair the house....See Morewhat would you say to your parent?
Comments (49)Mom and I did get to talk the night before she passed. I am so glad I was there for her especially that night. She had cancer that had metastised through her upper body, and it was hard for her to talk. Cancer had gone into her rib bones. But she insisted. I don't recall actual words at this point, but it was a very loving, and a two-way giving, set of moments that I'll value forever. Yes, I remember the context and meanings, if not the words. Dad passed from dementia, and I lived halfway across the country from him. I regret that it was not possible to have the same sort of conversation with him when I could visit. I think I'd have talked about the older things, things he enjoyed doing with me when I was a child - and tell him how much I appreciated the hiking and the fishing and the other tom-boyish things he loved to do with me, his daughter. It has probably influenced my post-retirement path, after all. I would have also let him know (I didn't know it bothered him until later) that no, I didn't want to join my brother in the same business Dad had been in. I really WANTED to be a scientist, and certainly never felt left out. He apparently feared I would have wished to have been a part of what my brother ended up joining him to do (especially since it did end up paying more) - I would have wanted to assure him that I was doing fine in research, and that I enjoyed it....See More- 9 years ago
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