Archived posting to the Leica Users Group, 2009/08/13
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Jerry, The absolute price might be higher, but houses are more expensive here relative to earning capacity (no of years earnings required to buy a house). It is just that I have an old fashioned aversion to debt...I have seen too often what it can do, both to individuals and corporates. I also own a stockbroking firm with no debt - we just do the level of business that the equity will support. Cheers Jayanand On Fri, Aug 14, 2009 at 3:10 AM, Jerry Lehrer <glehrer at san.rr.com> wrote: > Jay, > > For my house in La Jolla, I had to put 1/3 down in cash. Got my price! I > think that > real estate values are a bit higher in La Jolla than in India. I could not > swing 100% of > the cost, even back then. > > There is a real nice home for sale right across the street, for $3 megabux > US. :-) > > Jerry > > > Jayanand Govindaraj wrote: > >> I have never even bought a house on credit. Cash down - also helps in >> negotiating for price! >> Cheers >> Jayanand >> >> On Thu, Aug 13, 2009 at 12:18 PM, FRANK DERNIE >> <frank.dernie at btinternet.com>wrote: >> >> >> >>> I am with you on this Jerry, only ever bought a house on credit, If I >>> don't >>> have the money I do not buy. Following my grandfather's advice. >>> Frank >>> >>> --- On Wed, 12/8/09, Jerry Lehrer <glehrer at san.rr.com> wrote: >>> >>> >>> >>>> From: Jerry Lehrer <glehrer at san.rr.com> >>>> Subject: Re: [Leica] M9 - not much more expensive than M8? >>>> To: "Leica Users Group" <lug at leica-users.org> >>>> Date: Wednesday, 12 August, 2009, 9:41 PM >>>> Stasys, >>>> >>>> Anyone who takes a bank loan for a hobby camera has lost >>>> their sense of value. I can confidently >>>> say that I have NEVER had a loan to pay for anything except >>>> my house. No, I have never had a >>>> car loan. I pay my credit cards at months end. >>>> Never paid a dime's interest except on my house. >>>> >>>> If I want to buy something, I save up for it, then pay >>>> cash.or check. Usually with a discount. >>>> >>>> I can see a professional taking out a loan, to improve his >>>> livelihood, but not a hobbyist. >>>> >>>> Jerry Lehrer >>>> >>>> >>>> S >>>> >>> > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information >