C at greaterfool.ca 23 Oct 2010 at 7:30 am – “My wife and I sold our condo back in April 2010. We’ve been renting since. At first it took a ton of effort to convince the wife why we should rent and why buying again at this time would be foolish. She reluctantly agreed. When we settled into our rented apartment she still seemed upset, and confused about why we were renting. I just kept printing off 3rd party info, statistics, graphs, charts, and explained to her what they meant. A lot of times they were/are similar to the US situation 4-5 years ago. Now, when we discuss the renting/buying situation she says no need to explain it, I’m on board with you. It feels good to hear that. So for those guys with girlfriends/fiancees/wives with house lust, just be patient and back it up with BASIC 3rd party info. Anyone can say things will go up or down, but if you back it up with concrete statistics from another party, it should help shape the probabilities of things to come. I know there are husbands out there with house lust too so do the same thing with them, and throw in a 6 pack of beers and that should do the trick.”
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Make sure the information is BASIC. Wives can be so annoyingly dumb.
I trust this comment is in jest.
DO
INPUT “So you agree we should rent? “, Ans
LOOP UNTIL Ans$ “Yes”
PRINT “I will now take out the trash.”
I tried to convince my wife to sell 4 times in a span of a year! Despite showing her numerous 3rd party articles and the fact that I am a realtor, she said NO!”.
The reason: she loves the home (we built in 1997) and the neighborhood we live in. Oh well, can’t say I didn’t try. The alternative position for us was to set up an investment LOC to facilitate any future investment opportunities.
ckung,
It’s totally reasonable for her to be attached to a house that you guys built. Sure, by not selling you could be missing out on a great capital gain, but its not like you are losing anything by not selling. If this bubble never happened then you would still have the same house and the same mortgage.
Let her keep the place, she obviously likes it. The important thing is that you were able to buy without putting yourselves in financial danger (I hope). Unless you will be in trouble should the value of the place drop signifigantly its understandable to keep the place.