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View Full Version : Thinking about Thinning Down my Ukulele Collection



experimentjon
05-19-2011, 11:56 PM
So, you know how you think about all kinds of random stuff in the shower? Yeah. Well I was just doing that. And I realized that I need to eventually buy my own place to live. And the sooner the better. But I don't want to just rent a place, b/c it'd be smarter to live at home than to pay $1000 a month to my parents than some stranger. I would have to save up money and actually buy a place and build up equity. In some parts of the mainland, that's not too hard. In Hawaii, to find a decent condo, it's going to cost me about $500,000. A 30% downpayment on that is $150,000. Hot damn. (Oh but don't worry. I did the math. On my expected salary, I can afford the mortgage payments and maintenance fee by eating cup noodle seasoned with ketchup packets...and not spending money on any toys. Not having car payments also helps.)

I have one year until I graduate, and there is no way I'm going to find $150k in one year. But I need to start taking steps in the right direction. One of the biggest assets I have is my ukulele/guitar collection. And I should probably sell off the non-essentials. I may only get a few thousand out of it, but that's a few thousand more than I otherwise would have. I don't think home sellers take ukes as payment.

I figure that if I sell them and feel the pain, I can start getting very serious about saving. I've been horrible with my money recently. But if I save 80% of the money that I make between now and graduation and invest it, I'll be on track to move out from home...two years after I graduate. T_T So that shows how badly I need to get started on this whole saving for a down payment thing.

Here's where you come in. I am willing to keep five ukuleles. Of the following, which five would you recommend I keep?

Applause Tenor (UAE-148)
Flea Soprano Pineapple
Fluke Tenor+pickup
Kamaka Concert (HF-2)
Kamaka Soprano (HF-1)
Kamaka Tenor (HF-3)
Kamaka 8 String Tenor
Kanilea Tenor (K1-T)+pickup
KoAloha SuperConcert (KCM-02)
KoAloha Pineapple Sunday+pickup
KoAloha Tenor+pickup
KoAloha Sceptre+pickup
KoaPiliKoko Tenor
Leolani Tenor
Tangi Soprano

I've already listed my G String tenor for sale. And I've taken out the three that I would keep aside for my dad as well as one that I have on hold for a friend.

In my head, I already know four out of five that I would keep for sure. I just don't want to bias anyone. :)

Down payment savings, step one, here we go.

experimentjon
05-20-2011, 12:00 AM
And in case anyone wants to take a crack at keepers in the guitar collection, here we go. I'm looking to keep 3 acoustics (the choice is to either get rid of the Backpacker or the Little Martin) one bass, and 2 electrics.

Martin Backpacker
Martin Little Martin LXM
Rainsong OM-1000
Taylor 812C

Fender Jazz Bass (MIM)
Fender Precision Bass Deluxe Special (MIM)

Fender American Deluxe Stratocaster HSS Floyd Rose
Fender Telecaster Thin Skin
Gibson Flying V Faded
Gibson Explorer Faded
Gibson Les Paul Traditional Plus

Again, I already have a pretty good idea of what I'd keep as far as the acoustics, and bass, but am pretty split on the electrics. Your input always matters, and will be listened to.

casarole45
05-20-2011, 12:57 AM
Good going bud but I still think your holding on to too many. I'd keep the kanile'a, koaloha ps and kamaka concert. Bass it'd be the fender precision though i'd rather sell it and get something like an ibanez sr700. Gib lp and fender strat easy keepers. Acoustic just 1 one which ever sounds the sweetest not a travel guitar though

mr moonlight
05-20-2011, 01:52 AM
I'd rec these...
Fluke Tenor+pickup
Kamaka Soprano (HF-1)
Kamaka 8 String Tenor
Kanilea Tenor (K1-T)+pickup
KoAloha SuperConcert (KCM-02)

... but personally, I'd also sell off the 8 string and the soprano.

As for the guitars and basses: I'd keep the Les Paul, Strat, P-Bass, Taylor and Rainsong.

Hippie Dribble
05-20-2011, 02:28 AM
Geez...they're two unbelievable collections.

I'd keep the Kamaka soprano, concert and tenor, plus the KoAloha tenor and the pineapple sunday...that way you have at least one of each scale and a couple to plug in.

As far as the guitar collection goes...I'd keep the best acoustic, the best electric, and the best bass. Do you need more than one of each? I am a little biased though because, as an ex guitar player I hardly pick mine up any more. It's funny cause I only ever had one guitar and was well satisfied with it. But once I got hooked on uke I couldn't get enough.

Either way Jon, you're looking at some very serious money in passing on the bulk of these collections. I wish you all the best with it mate. I'd take several of those ukes off you in a second, but I'm trying extremely hard to resist.

dnewton2
05-20-2011, 02:41 AM
For me I would want to keep at least one of each K brand and try and make them different
1. Kanilea Tenor
2. Kamaka 8 string
3. Koaloha PS or Sceptre

All these are prob Tenors so I would pick a Concert and a Soprano

4. Kamaka Concert
5. Tangi Soprano.

This is of course based off of name brand and haveing no idea how each sounds or plays. Good luck with what ever you chose, I may be helping you out in the future.

Lexxy
05-20-2011, 02:41 AM
Hot damn that's alot of ukes and guitars!!!
I don't know alot about guitars, but i do know the Taylor 812 (8 Series) cost a bomb.

Kamaka Tenor (HF-3)
Kanilea Tenor (K1-T)+pickup
KoAloha Pineapple Sunday+pickup
KoAloha Tenor+pickup
KoAloha Sceptre+pickup

I'm pretty biased towards the Concert-Tenor scale so...yeah.

(I wanted to say all the 'K' brand ukes but you know..That never works :P)

haolejohn
05-20-2011, 03:02 AM
So, you know how you think about all kinds of random stuff in the shower? Yeah. Well I was just doing that. And I realized that I need to eventually buy my own place to live. And the sooner the better. But I don't want to just rent a place, b/c it'd be smarter to live at home than to pay $1000 a month to my parents than some stranger. I would have to save up money and actually buy a place and build up equity. In some parts of the mainland, that's not too hard. In Hawaii, to find a decent condo, it's going to cost me about $500,000. A 30% downpayment on that is $150,000. Hot damn. (Oh but don't worry. I did the math. On my expected salary, I can afford the mortgage payments and maintenance fee by eating cup noodle seasoned with ketchup packets...and not spending money on any toys. Not having car payments also helps.)

I have one year until I graduate, and there is no way I'm going to find $150k in one year. But I need to start taking steps in the right direction. One of the biggest assets I have is my ukulele/guitar collection. And I should probably sell off the non-essentials. I may only get a few thousand out of it, but that's a few thousand more than I otherwise would have. I don't think home sellers take ukes as payment.

I figure that if I sell them and feel the pain, I can start getting very serious about saving. I've been horrible with my money recently. But if I save 80% of the money that I make between now and graduation and invest it, I'll be on track to move out from home...two years after I graduate. T_T So that shows how badly I need to get started on this whole saving for a down payment thing.

Here's where you come in. I am willing to keep five ukuleles. Of the following, which five would you recommend I keep?

Applause Tenor (UAE-148)
Flea Soprano Pineapple
Fluke Tenor+pickup
Kamaka Concert (HF-2)
Kamaka Soprano (HF-1)
Kamaka Tenor (HF-3)
Kamaka 8 String Tenor
Kanilea Tenor (K1-T)+pickup
KoAloha SuperConcert (KCM-02)
KoAloha Pineapple Sunday+pickup
KoAloha Tenor+pickup
KoAloha Sceptre+pickup
KoaPiliKoko Tenor
Leolani Tenor
Tangi Soprano

I've already listed my G String tenor for sale. And I've taken out the three that I would keep aside for my dad as well as one that I have on hold for a friend.

In my head, I already know four out of five that I would keep for sure. I just don't want to bias anyone. :)

Down payment savings, step one, here we go.

I know you like to sticker up your ukes. Which ones did you sticker up?

allanr
05-20-2011, 03:14 AM
Keep them all. Work one more month before making your down payment.

PhilUSAFRet
05-20-2011, 03:16 AM
Lay them all out, play one right after the other, keep "highgrading" and refining your favorites until you have five. Compare weight/feel, playability, sound, aesthetics, and the undefneable quality. As great as they probably all are, I think you can narrow it down with this method. 5 ukes of this quality is a lot....probably a lot of redundancy in the "herd."

mm stan
05-20-2011, 03:37 AM
Hey Jon,
How much on the LXM???
Do second time buyers get a discount?? ha ha
Yup I bought from Jon before....and was a pleasure doing business with him...go for it gang...

Hippie Dribble
05-20-2011, 03:42 AM
hey Jon, just thinking a little more about your question....does it really matter which ones you sell...they're ALL awesome mate. You can't lose...pull some names out of a hat...it's the fairest way :p

Gmoney
05-20-2011, 04:13 AM
So, if this was my list... w/your rules, I'd keep these:

Kamaka Soprano (HF-1)
Kamaka 8 String Tenor
Kanilea Tenor (K1-T)+pickup
KoAloha Pineapple Sunday+pickup
KoAloha Sceptre+pickup

NOW... I I was instead merely lusting after your collection :drool:

I'd say keep all the K's except for the PS & Sceptre, & dump all the soprano's AND sell ME the PS & Sceptre for really cheap! ;)

strumsilly
05-20-2011, 04:17 AM
If moving is an option , I have a house in the FL panhandle on the water I might trade you for the whole collection. Well, I might let you keep 1, not the ps though.

GX9901
05-20-2011, 07:21 AM
I'd probably keep these:

Kamaka Concert (HF-2)
Kamaka Tenor (HF-3)
Kanilea Tenor (K1-T)+pickup
KoAloha SuperConcert (KCM-02)
KoAloha Pineapple Sunday+pickup
KoAloha Sceptre+pickup

But if you seriously want to cut down the collection and save money toward your down payment, I would say keep a maximum of two that are your favorites. If I had to do the same thing and could only keep two, it would actually be a pretty easy choice since there are two ukes that I play almost all the time.

Good luck on your way to your first home!

rem50
05-20-2011, 08:06 AM
you seriously have too many that are awesome in their own right. It sounds like you are into the tenor scale so keep PS, Kamaka soprano, and your 3 favorite tenors.

Lori
05-20-2011, 08:57 AM
I am no expert, but I have been watching the news on real estate value... and I would wait a bit longer before buying anything, because new foreclosures are continuing to hit the market every day. Hawaii might be a different market though, but it is something to consider. Many people have lost their investments as well as their homes, and the rules are being re-written on what is a good investment these days. The market is still declining, and I wouldn't want to sell any ukes or guitars that I would miss later (and have to buy again at much higher prices) to buy property that may decline in value. My brother sold off his coin collection when he was in his late teens for a stereo. Needless to say, the coin collection would be worth more today than that stereo.

–Lori

TheOnlyUkeThatMatters
05-20-2011, 09:10 AM
You must sell some of these instruments or you'll need a four-bedroom house! That's millions of dollars in Hawaii, right?!

List the five ukuleles you PLAY the most. Keep them. Sell the rest.

Write down which acoustic guitar, bass, and electric guitar you PLAY the most. Keep them. Sell the rest.

Best of luck figuring this out!

PhilUSAFRet
05-20-2011, 09:42 AM
You must sell some of these instruments or you'll need a four-bedroom house! That's millions of dollars in Hawaii, right?!

List the five ukuleles you PLAY the most. Keep them. Sell the rest.

Write down which acoustic guitar, bass, and electric guitar you PLAY the most. Keep them. Sell the rest.

Best of luck figuring this out!

Yeah, what he said! Quickest and probably surest method of thinning them out.

ConspiracyUkeist
05-20-2011, 10:22 AM
Selling ukes is a dumb way to "make" money, I'd hang onto all of them.

Saving money is the way to get money piled up, BUT .... the smart people are waiting and renting right now. That half-mil you're talking about should buy you a rather decent little house in Manoa, fee-simple not leasehold. Seriously. Real estate is going down 10%-20% a year right now. Save and wait. You can rent something nice, or just live with the P's (parents) and wait. You need to learn more about real estate, it's a very weird market not like used cars. You'll see condos (yecch) for $750k and then houses in rather nice areas for $500k.

Mim
05-20-2011, 11:10 AM
I tried to help you by making a list and giving input...

After staring at the screen for 20 min with my mouth open and I decided...

I. Just. Can't. Do. It!

So... yeah... I am no help! Boy oh boy you have your work cut out for you!

Lori
05-20-2011, 11:16 AM
I know it is hard to imagine, but "expected salary" is not real money, and owning doesn't protect you from natural disasters or neighborhoods changing due to outside influences. Renting is not a bad thing. If you only expect a few thousand dollars for selling off your ukes, then it really won't make a big difference if you are buying a high ticket item like a house. I know from experience that no job is forever, and a good savings account with a year's worth (or more) of income is a great stress reducer. I suggest live simply, and save your money and ukes. Until you have some real world experience finding employment that can support the expenses of home ownership, don't jump into buying anything expensive. Maybe some of your instruments can be stored at your parent's house... that might be a better alternative, unless you really don't care for the instruments anymore.
–Lori

experimentjon
05-20-2011, 11:28 AM
I know you like to sticker up your ukes. Which ones did you sticker up?

Hmm, I destickered the KoAlohas. Thankfully, no marks were left. High quality vinyls. :) I think my Rainsong still has a sticker on it, but I waxed it, so it should be sitting ontop of some Meguiars. And I think my Leolani beater has some too. That's all.


Keep them all. Work one more month before making your down payment.

That is a VERY good point. Given the money in the collection and the typical start salary in the industry, it's going to be closer to 3 months...without food. But hey, whats 3 more months when you're waiting 3 years?


Lay them all out, play one right after the other, keep "highgrading" and refining your favorites until you have five. Compare weight/feel, playability, sound, aesthetics, and the undefneable quality. As great as they probably all are, I think you can narrow it down with this method. 5 ukes of this quality is a lot....probably a lot of redundancy in the "herd."

Ah...I know George on these forums also has a lot of ukes. (Many more than me). And I think he can tell you that taking them all out of the case at one time is a huge mess. I've tried it. It's a very time consuming process. And at this point, with all production ukes and my low level of skill, they're all sort of mushed together in the category of: pretty good.

experimentjon
05-20-2011, 11:49 AM
Hey Jon,
How much on the LXM???
Do second time buyers get a discount?? ha ha
Yup I bought from Jon before....and was a pleasure doing business with him...go for it gang...

Hehe the LXM is probably going to stay. I plan to keep 3 acoustics. The silly backpacker is probably going to be the one to go if any. But since that one isn't worth much money anyway, I might just stash it in a closet.


If moving is an option , I have a house in the FL panhandle on the water I might trade you for the whole collection. Well, I might let you keep 1, not the ps though.

If it's a 10 bedroom mansion and you can find me a high-paying job in financial services, done deal. :cool:


I'd probably keep these:

Kamaka Concert (HF-2)
Kamaka Tenor (HF-3)
Kanilea Tenor (K1-T)+pickup
KoAloha SuperConcert (KCM-02)
KoAloha Pineapple Sunday+pickup
KoAloha Sceptre+pickup

But if you seriously want to cut down the collection and save money toward your down payment, I would say keep a maximum of two that are your favorites. If I had to do the same thing and could only keep two, it would actually be a pretty easy choice since there are two ukes that I play almost all the time.

Good luck on your way to your first home!

George, you forgot how to count! :P But you also know how to read my mind. See, for you its very easy to keep your favorite two...my justification is that keeping even six would still cost about less than your top two! Heck, I can keep a dozen for the cost of a PAM. :P Oh you enabler, you! Sadly, this home is setting back the dream of a Datejust...which is fine. I just picked up a nice Sub homage anyway.


I am no expert, but I have been watching the news on real estate value... and I would wait a bit longer before buying anything, because new foreclosures are continuing to hit the market every day. Hawaii might be a different market though, but it is something to consider. Many people have lost their investments as well as their homes, and the rules are being re-written on what is a good investment these days. The market is still declining, and I wouldn't want to sell any ukes or guitars that I would miss later (and have to buy again at much higher prices) to buy property that may decline in value. My brother sold off his coin collection when he was in his late teens for a stereo. Needless to say, the coin collection would be worth more today than that stereo.

–Lori

True. I work in economic forecasting for Hawaii currently--in what I would argue is the top group in the state. Just released our latest report, and indeed, the data shows that there has been no clear bottom on Oahu yet. Lots of volatility still and no real trend. But in three years, when I can actually afford it, things should be more stable. Actually, come to think of it, I might be able to afford it sooner depending on how much loud and poorly played music I can annoy my parents with...only way to get me out is to help me with the down payment! :P



Selling ukes is a dumb way to "make" money, I'd hang onto all of them.

Saving money is the way to get money piled up, BUT .... the smart people are waiting and renting right now. That half-mil you're talking about should buy you a rather decent little house in Manoa, fee-simple not leasehold. Seriously. Real estate is going down 10%-20% a year right now. Save and wait. You can rent something nice, or just live with the P's (parents) and wait. You need to learn more about real estate, it's a very weird market not like used cars. You'll see condos (yecch) for $750k and then houses in rather nice areas for $500k.

Oh yes, if I sell now, I'd throw all the cash into my Scottrade account. Definitely not in the bank. My goal is 7-8% a year, low/medium risk return. Not looking into houses though, as I like the security of a condo, and the convenience of not having a yard. I just pulled up the data on home and condo prices in HI. We never saw a 10%-20% drop like mainland markets. The drop was in the 6%-7% range YoY in 2009 which was the worst of it. And I don't foresee catastrophe in the next few years.

experimentjon
05-20-2011, 12:00 PM
I know it is hard to imagine, but "expected salary" is not real money, and owning doesn't protect you from natural disasters or neighborhoods changing due to outside influences. Renting is not a bad thing. If you only expect a few thousand dollars for selling off your ukes, then it really won't make a big difference if you are buying a high ticket item like a house. I know from experience that no job is forever, and a good savings account with a year's worth (or more) of income is a great stress reducer. I suggest live simply, and save your money and ukes. Until you have some real world experience finding employment that can support the expenses of home ownership, don't jump into buying anything expensive. Maybe some of your instruments can be stored at your parent's house... that might be a better alternative, unless you really don't care for the instruments anymore.
–Lori

Hah. Who has two thumbs and no savings account? This guy! I should probably open one...I'll add that to my summer goals. (Don't worry, I've got a checking account...so I'm not unbanked.) And here's the sad thing. It's not that I don't care for the instruments any more, it's just that I absolutely have no time for them. I don't think I've played more than an hour of guitar since the start of this year. And might play 30 min of ukulele a week on average. I'm too busy with school and work. It's summer, and I still barely find time to play. I start working two jobs in June, and have some work-related travel lined up. And will be studying for the CFA and CPA exams for the next year...already started studying. And in the fall, full time student, two jobs, active involvement in three clubs/honor societies, more exam studying. Ukulele takes a backseat. Of course I could just stash them all at home too (I keep just one in my dorm, aka. live-in-office) and that's an option rather than selling, since I'm in no urgent need for cash.

ksiegel
05-20-2011, 12:13 PM
I am willing to keep five ukuleles. Of the following, which five would you recommend I keep?


Kamaka Concert (HF-2)
Kamaka Soprano (HF-1)
Kamaka 8 String Tenor
KoAloha Pineapple Sunday+pickup
KoAloha Sceptre+pickup



That's my list.

For the guitars, keep the Taylor, Rainsong, Precision Bass, Telecaster, and LP Traditional Plus. I don't know anything about the Little Martin, but in my opinion the backpacker doesn't deserve the martin name.

-Kurt

Dan Uke
05-20-2011, 12:15 PM
CFA and CPA...if you are already interning / working as an analyst, I don't think you need to worry about income in the future. I guess you are studying both since you are not sure which business / financial sector you want to go into. I'm sure your school has a good job placement / alumni program.

As for real estate, never a bad time to buy...besides, $500,000 isn't much for a condo in Honolulu

Anyways, I'm sure this is one of those what if questions so I am not holding my breath to see how many of these items end up in the classified section.

experimentjon
05-20-2011, 12:42 PM
CFA and CPA...if you are already interning / working as an analyst, I don't think you need to worry about income in the future. I guess you are studying both since you are not sure which business / financial sector you want to go into. I'm sure your school has a good job placement / alumni program.

As for real estate, never a bad time to buy...besides, $500,000 isn't much for a condo in Honolulu

Anyways, I'm sure this is one of those what if questions so I am not holding my breath to see how many of these items end up in the classified section.

I'm actually pretty set on Big4 Auditing if I stay in HI. There aren't too many other big opportunities here...although I am willing to move...at which point, I'd probably NEED to sell most of the collection. I'll be applying to Goldman, Merrill, Citi, etc...but am not holding my breath, as a marginally-qualified, unconnected kid from the University of Hawaii. T_T My dream was investment banking, but I have no idea how qualified I am compared to candidates coming out of the top colleges. Why CFA and CPA? One is too boring. I like the mental stimulation. More to come...CMA, CFE, et al. :)

Yup, $500k gets a decent 2 bedroom in town. LOL. It's the price you pay to be in HI, I guess.

Dan Uke
05-20-2011, 12:58 PM
Better to be big fish in small pond rather than being mediocre in a large school...ivy league is totally diff't of course. Besides, all firms want diversity

musicmonsterw
05-20-2011, 03:11 PM
And in case anyone wants to take a crack at keepers in the guitar collection, here we go. I'm looking to keep 3 acoustics (the choice is to either get rid of the Backpacker or the Little Martin) one bass, and 2 electrics.

Martin Backpacker
Martin Little Martin LXM
Rainsong OM-1000
Taylor 812C

Fender Jazz Bass (MIM)
Fender Precision Bass Deluxe Special (MIM)

Fender American Deluxe Stratocaster HSS Floyd Rose
Fender Telecaster Thin Skin
Gibson Flying V Faded
Gibson Explorer Faded
Gibson Les Paul Traditional Plus

Again, I already have a pretty good idea of what I'd keep as far as the acoustics, and bass, but am pretty split on the electrics. Your input always matters, and will be listened to.

Hmmm, if it were me, I would keep the Taylor for sure. For the Bass, I would sell the jazz bass. IMO, the Precision Bass covers a greater range of music and is a little easier to play. For the electrics, I might keep the Tele and the LP, again, to cover a broad range of music. But, it would be close between the Tele and the Strat.

BTW, please let me know if you decide on selling any of your ukes and guitars. I might be in an acquisitive mood.

OldePhart
05-20-2011, 03:31 PM
Heh, heh. Fun living vicarously.

I'd keep the KoAloha Pineapple Sunday with the pickup, the KoAloha tenor with the pickup, the fluke tenor with the pickup (don't even like flukes, but need some kind of beater). I'd sell everything else and then get a KoAloha longneck soprano with pickup.

There, I just got you paired down to 4 ukes. :)

John

OldePhart
05-20-2011, 03:37 PM
...it's a very weird market not like used cars. You'll see condos (yecch) for $750k and then houses in rather nice areas for $500k.
Yeah, I learned that lesson from watching a friend plunk down $280k for a condo in a market where $200k would get you a larger house with a real yard in a great neighborhood. Five years later the market flipped around and the condos were selling for less than the houses.

John

countrybumpkin
05-20-2011, 06:33 PM
This would be my list:

Kamaka Concert (HF-2)
Kamaka Tenor (HF-3)
Kamaka 8 String Tenor
KoAloha SuperConcert (KCM-02)
KoAloha Sceptre+pickup

AncientMatingCalls
05-20-2011, 07:10 PM
I hope this isn't out of line, but if that Koa pili koko ends up getting cut id gladly take if off of your hands.

experimentjon
05-21-2011, 12:09 PM
Looks like there's a lot of love for the Kamaka concert, Kanilea tenor, and the KoAloha Sceptre (which I wouldn't sell b/c it has my name engraved on it anyway. Haha).

I've got a few on the chopping board.

I'll try to see what I can list up for sale this wkend...if I get around to it. Lots on the schedule as usual. >.<

pdxuke
05-21-2011, 11:33 PM
Whatever you do with the other two, I'd keep these:

Kamaka Concert (HF-2)
Kamaka Soprano (HF-1)
Kamaka 8 String Tenor

Good luck!

Pippin
05-22-2011, 01:41 AM
Fluke Tenor w/pickup
Kamaka Concert (HF-2)
Kamaka Tenor (HF-3)
KoAloha SuperConcert (KCM-02)
KoAloha Sceptre w/pickup (saw your comment about the engraving)
Martin Little Martin LXM
Taylor 812C

Keep the list above... sell the rest.

Electric guitars are available anywhere and that list is not particularly "collectible", so to speak. Now, a 1956 Gold Top would be a different story. The Fluke is the go-to or carry anywhere uke. The others are truly fine instruments and are worthy of any collector's eye. The Taylor guitar, well, it is one of Taylor's best and the little Martin is very portable as guitars go.

Pippin
05-22-2011, 01:52 AM
I am no expert, but I have been watching the news on real estate value... and I would wait a bit longer before buying anything, because new foreclosures are continuing to hit the market every day.

Sound advice on the housing market. Given Jon's one remaining year and his two-years and out goal, we are looking at a three-year-span of time. By then, the financial markets might start a genuine rebound, but it is not likely.

Jon, given the housing market flux, I'd say an investment in real estate that is planned for LONG TERM is the way to go. Part of the problem with the housing market over the last two decades is speculation. People have been buying something bigger than they really need and hoping to sell in an average of five years (after making a profit). During the BOOM, it was possible, but when the bottom fell out, lots of people were stuck with high-mortgage rates in a market that has been adjusted downward. In other words, you can't sell for more than your purchase-price because no potential buyer with be able to secure a loan in the present economic climate. Banks won't write the paper. So, you'd need a "CASH" buyer... fat chance on that one.

Watch the markets and if you buy, then buy with the intent on staying there for a long time to come. In which case, you will survive market fluctuations.

Plainsong
05-22-2011, 09:32 AM
Out of that list, I'd keep the Taylor, either the p-bass or jazz depending on preference (husband prefers jazz bass), Kamaka HF-2, HF-3, Koaloha scepter+pickup, Flea.

This leaves you with great examples of each instrument, with room to grow in the future.

mthurman52
05-22-2011, 03:14 PM
OMG. Can I come over to your house?