Something you've bought,that you regretted buying?

[Spider-Dan]

I agreed with everything else,but this that I quoted  here is what stopped me the most from buying a house.I couldn't find something in my price range,in somewhat decent shape,that if I lost my job,and had to work at wal mart.I'd still be able to pay the mortgage,utilities,taxes,etc...

It's going to be tough for anyone to find a house that they can afford if they lost their job and/or are working minimum wage; minimum wage earners can't afford to buy houses.

Rather than approach it that way, I would look at it like this: no matter your employment status, you're going to have to pay to live somewhere.  So what would your mortgage payment be compared to what you are paying for rent?  Keep in mind that if you have a couple of roommates now, you could also buy a house and get a couple of roommates there too, if needed.  In my case, through mostly blind luck my mortgage payment is less than the rent for a 1 bedroom apartment (in this area).  I was laid off in 2002 and only employed part time until 2007; if I had kept my job back in 2002, I would have bought an overpriced house and probably ended up getting foreclosed on like many others.

The final piece of advice I'll give on buying a house is: the real-estate bubble is inflating again.  Do not fall victim to the "buy now or be priced out forever" shenanigans; in 2007 before the bubble burst, I was lucky enough to have a coworker who explained to me that housing prices at the time were so overinflated that you could rent for the next 30 years and still save more money than the amount you would have paid for a house.  So don't pay some crazy amount over rental prices for the "privilege of homeownership."

[DaLittle B]

I agree with what you're saying...

I feel it's different here,economically.I can only speak for my assbackwards fly over area that I live in...Here the median house price is 110kish to 120kish depending on where you what you reference.That's skewed because of the south side of town,as most of the northside of town medians around 75k-90k.

Most of the places I can afford to rent,are the same crappy houses I can buy without the shitty ass slum lord. The house I was looking to buy last month was $36k...

[Tenshot13]

I need to play it more, but I'm starting to regret buying Mortal Kombat XL on a whim last night.

[Thundergod]

Learned a lesson in life, never buy anything at a comic store unless you know for sure it can't be purchased elsewhere.

Went in to a comic shop to browse and saw a collectible I had never seen in my life. Did a quick search online through my phone for details but I didn't take my time reading through it. Bought it. Come to find out the comic shop doubled the price, and it was incomplete. No returns. I could've ebayed it brand new for half the price.

Worst purchase ever.

[Brian Fein]

^^ I'm curious what you got...?

[Spider-Dan]

Learned a lesson in life, never buy anything at a comic store unless you know for sure it can't be purchased elsewhere.

Went in to a comic shop to browse and saw a collectible I had never seen in my life. Did a quick search online through my phone for details but I didn't take my time reading through it. Bought it. Come to find out the comic shop doubled the price, and it was incomplete. No returns. I could've ebayed it brand new for half the price.

It's a collectible.  Were you buying it as an investment, or because it's something that made you happy to own?

If it's the latter, you should just accept the fact that you were happy to pay that price at the time.  I think it would be far worse to turn it down, change your mind, and never find it again.  As long as it wasn't a fraudulent transaction (i.e. item broken or a fake) and buying it didn't put you into hardship, just be content that you were able to find something you enjoy for a price you thought was fair.

[Thundergod]

^^ I'm curious what you got...?

Nerd alert: 

I have the entire generation 1 collection of Transformers ('84-'86). When the animated movie came out in '86 they created a character (Arcee), but was never released in the toy-line. Until apparently a few years ago, when it was released under the Generations line. Since I haven't collected since G1 or paid any attention, I didn't know Hasbro finally created the character. When I saw it, I thought it was a rare release that I missed at some point. I was happy to have gotten it with the thought that finding a new one would be more expensive, but now knowing there is an abundance of that same item (complete), new, and at half the price anywhere online I'm more pissed at myself for not taking the time to do a bit more research.

[Phishfan]

It's a collectible.  Were you buying it as an investment, or because it's something that made you happy to own?

If it's the latter, you should just accept the fact that you were happy to pay that price at the time.  I think it would be far worse to turn it down, change your mind, and never find it again.  As long as it wasn't a fraudulent transaction (i.e. item broken or a fake) and buying it didn't put you into hardship, just be content that you were able to find something you enjoy for a price you thought was fair.

How about incomplete, which it was? Or knowing that it isn't a rare item, just one you were unaware of?

[Spider-Dan]

If you bought it because it was "rare" or "complete" then that usually implies something like an investment, which I don't really consider buying for its own sake.

Put another way: if the manufacturer making another production run of this item a year from now would ruin my purchase, I'd think pretty hard about buying it in the first place.

[DaLittle B]

No guff from me about it Thundergod...Stuff like that happens a lot on Antique Roadshow,and Pawn stars. People buy something thinking it's old and rare,and found out it's reproduction,or they made a bazillion of them! 

I loved those 1st generation transformers,They were cool!

[masterfins]

No guff from me about it Thundergod...Stuff like that happens a lot on Antique Roadshow,and Pawn stars. People buy something thinking it's old and rare,and found out it's reproduction,or they made a bazillion of them! 

I loved those 1st generation transformers,They were cool!

The whole internet/ebay has made things "worth" less than they once were, because now people have a market to sell the stuff that has accumulated in their attics & basements.  I had a collection of sports cards from the 70's that were once listed as valuable if you referenced them in sports cards catalogues.  Now after ebay, prices plummeted because now there is an open world wide market in which to easily sell them.