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#1 |
"TRF" Member
Join Date: Jul 2006
Real Name: Pete
Location: Guelph
Watch: 16610/216570
Posts: 678
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......Erika (my wife) and I just purchased a house.....money is gonna be tight for a little while and im wrestling with a decision. Here i am walking around with money on my wrist. Should i sell the 16610? or would that be too drastic? will i miss the rolex? of course......how about a trade for another rolex....plus cash? This is a hard decision for sure....and erika doesnt think i should sell....arrgh im torn guys......what do ya think?
Pete
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Pete - Guelph ON - 16610 D / 216570 Member #745 RIP JJ "Always in our hearts, and on our wrists" "I am the master of my fate: I am the captain of my soul" |
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#2 |
"TRF" Member
Join Date: Jan 2006
Real Name: John
Location: Canada, eh
Watch: can I?
Posts: 6,240
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Don't sell it .
Being tight is wayyyy different than being short. If your short, you can sell it . But will the price of a Rolex really make a big dent in the budget?? And if it is still tight, you might not want to buy one later one. So, hang on to it.
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Something witty to go here. Member # 293 ![]() |
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#3 |
"TRF" Member
Join Date: Nov 2006
Real Name: Jeff
Location: Lost Angeles
Watch: all about acrylic
Posts: 683
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If you need the $ to get a down payment, sell the watch.
If not, take out some extra $ when you get the loan for the house. You'll get more bang for your $ with the extra cash you borrow and when times aren't so tight you can always pay down the loan a little each month against the principle in addition to your regular loan payment. Just my $0.02.
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- Jeff Cursimus Cum Forfex |
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#4 |
"TRF" Member
Join Date: Jul 2006
Real Name: Pete
Location: Guelph
Watch: 16610/216570
Posts: 678
|
nope we have a huge downpayment.....i just kinda feel guilty sometimes i guess.....
Pete
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Pete - Guelph ON - 16610 D / 216570 Member #745 RIP JJ "Always in our hearts, and on our wrists" "I am the master of my fate: I am the captain of my soul" |
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#5 | |
"TRF" Member
Join Date: Jul 2006
Location: Perth, Australia
Posts: 1,294
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Quote:
Keep the watch ![]() |
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#6 |
"TRF" Member
Join Date: Nov 2006
Real Name: Jeff
Location: Lost Angeles
Watch: all about acrylic
Posts: 683
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Oh, that's easy. Guilt will pass.
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- Jeff Cursimus Cum Forfex |
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#7 |
Fondly Remembered
Join Date: May 2005
Real Name: JJ
Location: Auckland, NZ
Watch: ALL SOLD!!
Posts: 74,319
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To hell with the guilt. If money is genuinely NOT a problem, I say hang on to it!!
The guilt will pass, but with the current prices, will you really be able to afford another Sub again? Listen to your wife....she's right on the button!! ![]()
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Words fail me in expressing my utmost thanks to ALL of you for this wonderful support during my hour of need!! ![]() I firmly believe that my time on planet earth is NOT yet up!! I shall fight this to the very end.......and WIN!! |
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#8 |
"TRF" Member
Join Date: Jul 2006
Real Name: Pete
Location: Guelph
Watch: 16610/216570
Posts: 678
|
ok ill hold onto it for now.....and wait and see what happens....
Pete
__________________
Pete - Guelph ON - 16610 D / 216570 Member #745 RIP JJ "Always in our hearts, and on our wrists" "I am the master of my fate: I am the captain of my soul" |
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#9 |
Moderator
Join Date: May 2005
Real Name: Alex
Location: New York
Watch: me carefully
Posts: 377
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#10 |
"TRF" Member
Join Date: Sep 2006
Location: Hong Kong
Watch: All of them
Posts: 2,789
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Keep it.....keep it.....keep it.....
and if there is any part of that you are not sure about let me know. ![]() ![]() If you need to put food on the table, sell it, but other than that(see above) ![]() ![]() |
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#11 |
Member
Join Date: Oct 2006
Location: Memphis,TN
Watch: 16710 pepsi GMT II
Posts: 213
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I was in a similar situation a month or so ago. I had ordered the Rolex with no intention to buy a house until next summer... lo and behold, we ended up buying a house a week or two after I dropped the cash to pick up a new GMT master.
Had I known I was going to buy a house this year, I would've put the Rolex off and spent the $5k on the house... I've been back and forth on selling in the last couple of months. On one hand, I could put the money to good use, but on the other hand, I don't really need the money and I'm afraid that if I sell the GMT that I may put off buying a replacement for a looooong time. My opinion, if you don't NEED to sell it. Don't. |
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#12 |
"TRF" Member
Join Date: Aug 2006
Real Name: Robert
Location: Angelus Oaks, CA
Watch: 116713
Posts: 6,828
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Plus you can always opt to sell it tomorrow, but you can rarely opt to buy it back tomorrow. Please keep it until you have no other choice.
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#13 |
Member
Join Date: Dec 2006
Real Name: Pete
Location: USA
Watch: TT YM, TT GMT IIC
Posts: 385
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I am glad you decided to keep it. It's always easier to sell than to buy.
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#14 |
"TRF" Member
Join Date: Aug 2006
Real Name: Vernon
Location: C-a-n-a-d-a
Watch: 16600
Posts: 5,641
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We had our talks before Pete! We always came to the same conclusion... Hold it, Hold it, Hold it!!!!
BTW congrats to being a home owner. Now save some money for the "hidden costs" of owning a home ![]()
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I'm just a cook... |
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#15 |
"TRF" Member
Join Date: Nov 2006
Real Name: Ken
Location: New York
Watch: 116234 DateJust
Posts: 1,769
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Congrats on the new home, but selling your watch and picking up one later down the road will just cause you to waste more money.
Unless you are desperate for it, I wouldn't sell the watch if I were you. On many occasions, I have loan money to friends where they gave me something of value to hold on to (car, watch) until the money is repaid. Maybe if you really need they money, you can find someone in your friends or family circle that appreciate watches and have a few extra buck laying around to lend you the cash and get your watch back once its repaid. |
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#16 |
Guest
Posts: n/a
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Congrats on being a new mortgage owner Pete!
![]() As Vernon says, the sound of cash being sucked from your account has only begun! ![]() ![]() I guess the watch is all a matter of priorities. If it's important for you to keep the watch and sacrifice something else, then keep it. I would say if Erika is saying keep it, you are a lucky guy and should follow her advice! ![]() |
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#17 |
Guest
Posts: n/a
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#18 | |
Fondly Remembered
Join Date: May 2005
Real Name: JJ
Location: Auckland, NZ
Watch: ALL SOLD!!
Posts: 74,319
|
Quote:
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__________________
Words fail me in expressing my utmost thanks to ALL of you for this wonderful support during my hour of need!! ![]() I firmly believe that my time on planet earth is NOT yet up!! I shall fight this to the very end.......and WIN!! |
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#19 |
"TRF" Member
Join Date: Jul 2006
Real Name: Pete
Location: Guelph
Watch: 16610/216570
Posts: 678
|
ya ill hold onto it for as long as it seems practical!!! lol thanks for all the advice guys and gals......
Pete
__________________
Pete - Guelph ON - 16610 D / 216570 Member #745 RIP JJ "Always in our hearts, and on our wrists" "I am the master of my fate: I am the captain of my soul" |
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#20 |
"TRF" Member
Join Date: Jan 2006
Real Name: John
Location: Canada, eh
Watch: can I?
Posts: 6,240
|
Don't forget the JJ factor.
If you sell it, then buy it back, we might have to start calling you JJ of The Great White North
__________________
Something witty to go here. Member # 293 ![]() |
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#21 |
"TRF" Member
Join Date: Oct 2006
Location: USA
Watch: Oysterdate 6694
Posts: 2,713
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Hmm, I would sell that Sub since its soo popular. You would not lose no more than 2-300 bucks if that much. Divide that $5000 and use for your financial priorities and purchase a much reasonable Rolex like a DJ, Oyster Perpetual, Oysterdate. Something Rolex but lower in price.Quality is always high. You will probably enjoy the other models and flip amongst them if you need to. Use $3000 on your financial obligations and use $1000-2000 for lower price Rolex.
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