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Pete · 7 December 2006, 02:59 PM

......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

Launch Mini · 7 December 2006, 03:08 PM

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.

mrbieler · 7 December 2006, 03:09 PM

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.

Pete · 7 December 2006, 03:12 PM

nope we have a huge downpayment.....i just kinda feel guilty sometimes i guess.....

Pete

mrbieler · 7 December 2006, 03:24 PM

Oh, that's easy. Guilt will pass.

JJ Irani · 7 December 2006, 04:07 PM

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!!

Pete · 7 December 2006, 04:24 PM

ok ill hold onto it for now.....and wait and see what happens....

Pete

Flyjet601 · 7 December 2006, 04:29 PM

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)

alpet · 7 December 2006, 04:31 PM

Quote:

Originally Posted by Pete

ok ill hold onto it for now.....and wait and see what happens....

Pete

Good choice!!

I have had to sell off watches in the past to cover various expenses and beleive me.... you always miss them.

miner · 7 December 2006, 05:41 PM

Quote:

Originally Posted by Pete

nope we have a huge downpayment.....i just kinda feel guilty sometimes i guess.....

Pete

You've got one Rolex right? You probably won't recover your purchase price so you'll lose money on the deal. Once sold, you may not feel guilty about owing the watch anymore but there'll be "new" guilt for the money you have "lost". And ofcourse you'll be Rolex-less.
Keep the watch

Lt. Dan · 7 December 2006, 05:48 PM

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.

astcell · 7 December 2006, 05:51 PM

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.

SeaGoer · 7 December 2006, 09:27 PM

I am glad you decided to keep it. It's always easier to sell than to buy.

roadcarver · 8 December 2006, 01:16 AM

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

montecristo · 8 December 2006, 01:42 AM

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.

8 December 2006, 03:06 AM

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!

8 December 2006, 03:09 AM

Quote:

Originally Posted by Avalon

I would say if Erika is saying keep it, you are a lucky guy and should follow her advice!

Agreed. I think the guilt of what you'd lose would also kill you. Besides, new house... kiddies in the plans? Once they arrive, kiss any luxury purchases good-bye. LOLOL

JJ Irani · 8 December 2006, 03:15 AM

Quote:

Originally Posted by Atomic

Agreed. I think the guilt of what you'd lose would also kill you. Besides, new house... kiddies in the plans? Once they arrive, kiss any luxury purchases good-bye. LOLOL

Pete does have a very cute looking girl!!

Pete · 8 December 2006, 05:43 AM

ya ill hold onto it for as long as it seems practical!!! lol thanks for all the advice guys and gals......

Pete

Launch Mini · 8 December 2006, 06:15 AM

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

mikey · 8 December 2006, 06:25 AM

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.

7 December 2006, 02:59 PM	#1
Pete "TRF" Member Join Date: Jul 2006 Real Name: Pete Location: Guelph Watch: 16610/216570 Posts: 678	as you may kno.... ......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 __________________ 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"

7 December 2006, 03:08 PM	#2
Launch Mini "TRF" Member Join Date: Jan 2006 Real Name: John Location: Canada, eh Watch: can I? Posts: 6,240	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. __________________ Something witty to go here. Member # 293

7 December 2006, 03:09 PM	#3
mrbieler "TRF" Member Join Date: Nov 2006 Real Name: Jeff Location: Lost Angeles Watch: all about acrylic Posts: 683	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. __________________ - Jeff Cursimus Cum Forfex

7 December 2006, 03:12 PM	#4
Pete "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 __________________ 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"

7 December 2006, 03:24 PM	#5
mrbieler "TRF" Member Join Date: Nov 2006 Real Name: Jeff Location: Lost Angeles Watch: all about acrylic Posts: 683	Oh, that's easy. Guilt will pass. __________________ - Jeff Cursimus Cum Forfex

7 December 2006, 04:07 PM	#6
JJ Irani Fondly Remembered Join Date: May 2005 Real Name: JJ Location: Auckland, NZ Watch: ALL SOLD!! Posts: 74,319	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!! __________________ 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!!

7 December 2006, 04:24 PM	#7
Pete "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"

7 December 2006, 04:29 PM	#8
Flyjet601 "TRF" Member Join Date: Sep 2006 Location: Hong Kong Watch: All of them Posts: 2,789	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)

7 December 2006, 05:48 PM	#11
Lt. Dan Member Join Date: Oct 2006 Location: Memphis,TN Watch: 16710 pepsi GMT II Posts: 213	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.

7 December 2006, 05:51 PM	#12
astcell "TRF" Member Join Date: Aug 2006 Real Name: Robert Location: Angelus Oaks, CA Watch: 116713 Posts: 6,828	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.

7 December 2006, 09:27 PM	#13
SeaGoer Member Join Date: Dec 2006 Real Name: Pete Location: USA Watch: TT YM, TT GMT IIC Posts: 385	I am glad you decided to keep it. It's always easier to sell than to buy.

8 December 2006, 01:16 AM	#14
roadcarver "TRF" Member Join Date: Aug 2006 Real Name: Vernon Location: C-a-n-a-d-a Watch: 16600 Posts: 5,641	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 __________________ I'm just a cook...

8 December 2006, 01:42 AM	#15
montecristo "TRF" Member Join Date: Nov 2006 Real Name: Ken Location: New York Watch: 116234 DateJust Posts: 1,769	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.

8 December 2006, 03:06 AM	#16
---- Guest Posts: n/a	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!

8 December 2006, 05:43 AM	#19
Pete "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"

8 December 2006, 06:15 AM	#20
Launch Mini "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

8 December 2006, 06:25 AM	#21
mikey "TRF" Member Join Date: Oct 2006 Location: USA Watch: Oysterdate 6694 Posts: 2,713	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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