---------------------------------------------------------I understand Joe V's posts and point of view, I just disagree with his philosophy of a high use of leverage.

If you follow Philosophy, I think it was the Buddah that said, the best time to plant a tree was 10 years ago, the second best time is now.

He had many other crazy ideas of how the world should work according to his own moral philosophy, but I remember the DL incident specifically because I argued for hours with him and no amount of showing him laws would change his mind. 

West Virginia may be the second poorest state in America but I used that as an opportunity to become resourceful and competitive by following a philosophy of "Doing it right, costs less than doing it over".

What else would you expect from a Philosophy degree?!

It's my philosophy to always plan for a recession.

Certain character traits and the right mindset can take you places that others without the same drive and energy won't be able to go.Best of luck to youI appreciate the advice and I agree with your philosophy wholeheartedly. 

My mutual fund investment philosophy isn't much different than Dave's (even though I'm more of a Nick Murray guy).

That's our current operating philosophy on this market.

Based on this simple analysis, you would be better off renting and putting your cash to work as an investor (preferably as a Private Bank lending money anywhere from 6% - 12% per year).When it comes to where to invest your money, my philosophy is simple: Grow your money until it matures, then have it produce cash flow.