From: dim@soda.csua.berkeley.edu (D. Gerasimatos)
Newsgroups: misc.consumers.house misc.invest.real-estate
Subject: Re: Buying a much bigger house
Date: Sat, 2 Aug 2003 01:37:41 +0000 (UTC)
Originator: dim@soda.csua.berkeley.edu (D. Gerasimatos)

In article <64ff708b.0308011729.210ca283@posting.google.com>,
Mark  wrote:
>
>Save & invest, then enjoy the compounding. Don't bother with retarded
>4% CDs and MM's until much later.


When you are borrowing hundreds of thousands of dollars that belong to
someone else then 4% doesn't seem too retarded, does it? I think you missed
the entire premise of why I mentioned "retarded" CDs and MMs.


>It's all about deferred gratification. Unfortunately, most people want
>instant gratification, that's why they have to work 30-50 years.


Deferred until when? I die? There is a middle ground here.


Dimitri