The Simple Dollar Morning Roundup: Where We Are Edition

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We are still going through our list of house visit appointments, but after seeing the house we saw on Tuesday night, they all just pale. We see flaws all over the place and that other house just glows in our memories. We are going to look at it again on Saturday with our agent, then prepare an offer.

What I Wish I’d Known About Money When I Graduated What I wish I had known: don’t spend more than you make, period. If I had done that from the day I graduated, I would be in really good shape right now. (@ an english major’s money)

What Is The Worth Of “Net Worth” If It Is Not Usable? The problem is defining usable. The equity in a home is usable if you get a HELOC. Many retirement plans are usable if you’re willing to incur the tax penalty. (@ 4m)

The Poverty Business An excellent piece of food for thought. (@ get rich slowly)

The Simple Dollar Retro: Why You Have To Keep Up With The Joneses A classic social psychology study shows us why we are often desperate to compare ourselves to the neighbors, for better or worse, and feel the need to do whatever it takes to keep up.

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4 thoughts on “The Simple Dollar Morning Roundup: Where We Are Edition

  1. Trent, let me tell you something from experience: If you believe that this is the One True House, make the offer now. Seriously. If you are that attached to the house, and if you think the others pale in comparison, you need to act quickly. I know it’s a a buyers market right now, but as somebody who had the home of his dreams ripped from him because he waited too long, I can tell you it’s not a pleasant thing. (Of course, in the end we ended up with that house because the first offer backed out, but still…)

  2. “4M” seems to have attracted your fancy quickly. I seriously need to do something about thinking on brand value.

    If you can *afford* the one that glows in your memories – then sure, buy it by all means. Good luck on the purchase. :)

  3. Trent

    Congrats on finding the house. I concur with the advise to jump on it. Anything else you look at will pale in comparison anyways, so skip the middle man. You’ll be glad later.

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