Let’s be clear here, pete.
First, I didn’t “jump down your throat.” This is the written word, and sometimes things can be taken wrong. I merely responded to your post, nothing more, nothing less.
Second, I don’t really care who calls it investing, and in fact don’t care if they think it is or not. There are always newbies reading these posts that may view this as an “easy” way to get into RE investing because it’s a new house (no repairs) and easy to buy. The point is, as stated, if you’re buying at retail, then you’re not investing. Simple.
Third, I never said that YOU were making a stupid decision. I don’t have enough info on your personal dealing to have any idea if it’s unwise or not. What I said was, a booming market will bail people out of stupid decisions in RE, just watch “Property Ladder.”
Fourth, I said that if you didn’t know the answers to the questions that I posed, and were still planning on buying new, then it would be far less painful to shoot yourself in the foot (BTW, this was just a metaphor. Please don’t actually try this at home).
Fifth, you said that you knew my position on buy new, which was inaccurate. Again, as stated, I have no problem with it as long as you follow the same guidelines as buying a resell, the main point being buy at a discount from retail.
And finally, sixth, I reread my post and truly don’t understand why you think that it was some personal attack or something (but it was MY post, so my preception may be flawed). If you did, I’m sorry. Wasn’t meant to be. However, if you’re going to be in this business, I’d suggest that you develop a thicker skin, because when you ask questions, you’ll get answers, and they may not always be what you want to hear.
Raj