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  #1  
Old 10-16-2009, 07:00 PM
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Quote:
Originally Posted by Craig View Post
I agree completely, borrow money for your first home (or to start/buy a business), pay cash for everything else.
I'm old school - I pay cash for everything - including home and investment real estate.
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  #2  
Old 10-16-2009, 07:02 PM
Craig
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Originally Posted by Skid Row Joe View Post
I'm old school - I pay cash for everything - including home and investment real estate.
Even better, I'm still trying to get to that point.
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  #3  
Old 10-16-2009, 07:16 PM
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Originally Posted by Skid Row Joe View Post
I'm old school - I pay cash for everything - including home and investment real estate.
I envy you. You can get really COOL deal if you buy real estate in CASH. The banks would love you if you can close escrow in 1 day, even though you tell them to come down 40%. You would get a better ROE than with your BRBA and BRKB.
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  #4  
Old 10-16-2009, 07:22 PM
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Even when you buy property with cash it takes awhile to close. But you can do it in a couple of weeks if the title company and attorney's don't screw around.
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  #5  
Old 10-16-2009, 07:25 PM
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Originally Posted by Hatterasguy View Post
Even when you buy property with cash it takes awhile to close. But you can do it in a couple of weeks if the title company and attorney's don't screw around.
That's correct - I learned that. I also learned that when buyiung my last MB brand new - there was a 10 day delay on when they said it would be ready to pick up. In that time the MB dealer put 75 miles or so on it. I wasn't happy about that.
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Old 10-16-2009, 08:08 PM
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Originally Posted by Skid Row Joe View Post
That's correct - I learned that. I also learned that when buyiung my last MB brand new - there was a 10 day delay on when they said it would be ready to pick up. In that time the MB dealer put 75 miles or so on it. I wasn't happy about that.

You should have bought one off the lot, you can usualy get a better deal.
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  #7  
Old 10-16-2009, 08:43 PM
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An odd one of the bunch is my friend Zach, who I sold Rotchester to. It was a car I paid $500 for, but it came with 20k+ worth of service records. I changed the oil, fuel filters, and had some good used tires installed. It had a used brake caliper put on and a brake bleed shortly before it made its cross country trip to California, where Zach relocated.

In 6 months and 7000 miles, a light bulb burnt out, and his primary filter clogged up again. Other than 1 oil change, that is all it needed. He got his money's worth and then some, even if it deciedes to blow up tomorrow.

One ugly bugger though.

Gone and done it again... Introducing my new CWC candidate
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  #8  
Old 10-17-2009, 05:53 PM
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Quote:
Originally Posted by Hatterasguy View Post
You should have bought one off the lot, you can usualy get a better deal.
That is precisely what I did - I saved $1,500.00 more buying it from MB of Omaha, than I could have than buying it in Wichita, KS, or Dallas-Fort Worth, TX dealers - I shopped those first - getting their rock-bottom drive-off price on new ones they had at the time.

The one I bought car had 40 or so miles on it when I bought it - it was the only new W210 diesel in stock at the dealer. When I picked it up, it had 75 more on it.

However, since buying that one new, I've wised-up and have sworn-off buying new cars or motorhomes/motorcycles. I'll buy 'em 'near new' and save anywhere from 25% to 50% on what they listed for originally. That's what I did on the last diesel coach I bought - no need in paying the manufacturer all that money, when it's a cream puff one-owner, and many times still in-warranty.
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Last edited by Skid Row Joe; 10-17-2009 at 06:05 PM.
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  #9  
Old 10-16-2009, 07:24 PM
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Originally Posted by ah-kay View Post
I envy you. You can get really COOL deal if you buy real estate in CASH. The banks would love you if you can close escrow in 1 day, even though you tell them to come down 40%. You would get a better ROE than with your BRBA and BRKB.
The last home I bid on, I stated that I could close the same or next day as seller's acceptance - it literally fried their real-estate-agent mind. OTOH, it would be hard to beat my ROI that I've enjoyed on my Berkshire shares since 1985.
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  #10  
Old 10-16-2009, 11:01 PM
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Quote:
Originally Posted by Skid Row Joe View Post
The last home I bid on, I stated that I could close the same or next day as seller's acceptance - it literally fried their real-estate-agent mind. OTOH, it would be hard to beat my ROI that I've enjoyed on my Berkshire shares since 1985.
BERKSHIRE HATH HLD A
(NYSE: BRK-A)

After Hours: 100557.00 0.00 (0.00%) 4:12pm EThelp
Last Trade: 100,557.00
Trade Time: 4:00pm ET
Change: Down 1,813.00 (1.77%)
Prev Close: 102,370.00
Open: 101,772.00
Bid: N/A
Ask: N/A
1y Target Est: 133.00
Day's Range: 100,557.00 - 101,890.00
52wk Range: 70,050.00 - 125,450.00
Volume: 749
Avg Vol (3m): 81,107.6
Market Cap: 155.96B
P/E (ttm): 53.10
EPS (ttm): 1,893.65
Div & Yield: N/A (N/A)
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  #11  
Old 10-17-2009, 08:00 AM
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I paid $1500.00 for my 300D 2 1/2 years ago. After joining this forum I learned I had overpaid by about $800.00 . However, since then I have invested about $1500.00 in parts and labor(not including the 500 hours of my time . The car has NEVER let me down. I admit it has issues, and will not win any prizes for appearance but it looks nice enough for me to receive compliments from people on a fairly regular basis. Bottom line, even after overpaying on the initial purchase the car has cost me about $100.00 a month not including fuel and oil changes and has been amazingly reliable. I drive this car every day because it is my only car. Maybe I'm lucky. But if this one ever dies I am going to buy another one.
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  #12  
Old 10-17-2009, 09:24 AM
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Quote:
Originally Posted by Burnzy View Post
I paid $1500.00 for my 300D 2 1/2 years ago. After joining this forum I learned I had overpaid by about $800.00 .
Don't worry...I paid probably double what my car was worth...I was fairly ignorant on values, and certainly didn't have the guidance of this board to help me along.

That said, I'll be maintaining this car until it's dead or I'm dead. I'm angling to give this to my daughter (currently 8 yrs old) as her daily driver at 16. That way, I can justify buying another. We'll see.

Cheers.
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  #13  
Old 10-17-2009, 05:58 PM
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Thanks for the update......my original cost per share was $1,767.00 per share I bought in 1985. -I believe I'll keep it. However, my home's original purchase price in 1986 - hasn't fared as well, unfortunately.
Quote:
Originally Posted by Bio300TDTdriver View Post
BERKSHIRE HATH HLD A
(NYSE: BRK-A)

After Hours: $100557.00 0.00 (0.00%) 4:12pm EThelp
Last Trade: $100,557.00
Trade Time: 4:00pm ET
Change: Down 1,813.00 (1.77%)
Prev Close: 102,370.00
Open: 101,772.00
Bid: N/A
Ask: N/A
1y Target Est: 133.00
Day's Range: 100,557.00 - 101,890.00
52wk Range: 70,050.00 - 125,450.00
Volume: 749
Avg Vol (3m): 81,107.6
Market Cap: 155.96B
P/E (ttm): 53.10
EPS (ttm): 1,893.65
Div & Yield: N/A (N/A)
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